vs
American Electric Power（AEP）与KLA Corporation（KLAC）财务数据对比。点击上方公司名可切换其他公司
American Electric Power的季度营收约是KLA Corporation的1.5倍（$5.1B vs $3.3B），KLA Corporation净利率更高（34.7% vs 12.0%，领先22.8%），KLA Corporation同比增速更快（7.2% vs 6.2%），过去两年KLA Corporation的营收复合增速更高（18.2% vs -0.3%）
AEP是美国知名电力公用事业控股企业，业务覆盖发电、输电、配电全链条，面向美国境内零售及批发客户销售电力。公司下设垂直整合公用事业、输配电、输电控股、发电与营销四大业务板块，采用煤炭、天然气、核电、水电、光伏、风电等多种能源发电。
KLA Corporation是总部位于美国加利福尼亚州米尔皮塔斯的企业，主营晶圆制造设备，为半导体及相关纳米电子行业提供过程控制与良率管理系统，产品及服务覆盖晶圆、光罩、集成电路、封装生产从研发到批量制造的全流程。
AEP vs KLAC — 直观对比
营收规模更大
AEP
是对方的1.5倍
$3.3B
营收增速更快
KLAC
高出0.9%
6.2%
净利率更高
KLAC
高出22.8%
12.0%
两年增速更快
KLAC
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $3.3B |
| 净利润 | $605.2M | $1.1B |
| 毛利率 | — | 61.4% |
| 营业利润率 | 22.1% | — |
| 净利率 | 12.0% | 34.7% |
| 营收同比 | 6.2% | 7.2% |
| 净利润同比 | -9.1% | 39.0% |
| 每股收益（稀释后） | $1.06 | $8.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AEPKLAC
| Q4 25 | $5.1B | $3.3B | ||
| Q3 25 | $6.0B | $3.2B | ||
| Q2 25 | $5.1B | $3.2B | ||
| Q1 25 | $5.6B | $3.1B | ||
| Q4 24 | $4.8B | $3.1B | ||
| Q3 24 | $5.5B | $2.8B | ||
| Q2 24 | $4.7B | $2.6B | ||
| Q1 24 | $5.1B | $2.4B |
净利润AEPKLAC
| Q4 25 | $605.2M | $1.1B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $802.2M | $1.1B | ||
| Q4 24 | $665.9M | $824.5M | ||
| Q3 24 | $961.7M | $945.9M | ||
| Q2 24 | $342.5M | $836.4M | ||
| Q1 24 | $1.0B | $601.5M |
毛利率AEPKLAC
| Q4 25 | — | 61.4% | ||
| Q3 25 | — | 61.3% | ||
| Q2 25 | — | 62.0% | ||
| Q1 25 | — | 61.6% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 60.7% | ||
| Q1 24 | — | 57.9% |
营业利润率AEPKLAC
| Q4 25 | 22.1% | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 27.7% | 41.9% | ||
| Q1 25 | 22.8% | 41.3% | ||
| Q4 24 | 23.0% | 31.6% | ||
| Q3 24 | 24.7% | 38.0% | ||
| Q2 24 | 14.7% | 36.8% | ||
| Q1 24 | 23.1% | 29.7% |
净利率AEPKLAC
| Q4 25 | 12.0% | 34.7% | ||
| Q3 25 | 16.8% | 34.9% | ||
| Q2 25 | 25.5% | 37.9% | ||
| Q1 25 | 14.2% | 35.5% | ||
| Q4 24 | 14.0% | 26.8% | ||
| Q3 24 | 17.6% | 33.3% | ||
| Q2 24 | 7.4% | 32.6% | ||
| Q1 24 | 19.8% | 25.5% |
每股收益（稀释后）AEPKLAC
| Q4 25 | $1.06 | $8.68 | ||
| Q3 25 | $1.81 | $8.47 | ||
| Q2 25 | $2.29 | $9.04 | ||
| Q1 25 | $1.50 | $8.16 | ||
| Q4 24 | $1.24 | $6.16 | ||
| Q3 24 | $1.80 | $7.01 | ||
| Q2 24 | $0.64 | $6.16 | ||
| Q1 24 | $1.90 | $4.43 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $417.0M | $2.5B |
| 总债务越低越好 | $47.3B | $5.9B |
| 股东权益账面价值 | $31.1B | $5.5B |
| 总资产 | $114.5B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.52× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资AEPKLAC
| Q4 25 | $417.0M | $2.5B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $439.3M | $2.1B | ||
| Q1 25 | $463.6M | $1.9B | ||
| Q4 24 | $418.3M | $1.8B | ||
| Q3 24 | $474.4M | $2.0B | ||
| Q2 24 | $428.2M | $2.0B | ||
| Q1 24 | $447.7M | $1.8B |
总债务AEPKLAC
| Q4 25 | $47.3B | $5.9B | ||
| Q3 25 | $46.1B | $5.9B | ||
| Q2 25 | $44.5B | $5.9B | ||
| Q1 25 | $43.0B | $5.9B | ||
| Q4 24 | $42.6B | $5.9B | ||
| Q3 24 | $42.0B | $5.9B | ||
| Q2 24 | $42.1B | $5.9B | ||
| Q1 24 | $39.8B | $5.9B |
股东权益AEPKLAC
| Q4 25 | $31.1B | $5.5B | ||
| Q3 25 | $30.4B | $5.0B | ||
| Q2 25 | $29.9B | $4.7B | ||
| Q1 25 | $27.3B | $4.0B | ||
| Q4 24 | $26.9B | $3.6B | ||
| Q3 24 | $26.6B | $3.6B | ||
| Q2 24 | $26.1B | $3.4B | ||
| Q1 24 | $25.8B | $3.1B |
总资产AEPKLAC
| Q4 25 | $114.5B | $16.7B | ||
| Q3 25 | $110.3B | $16.3B | ||
| Q2 25 | $107.8B | $16.1B | ||
| Q1 25 | $104.4B | $15.2B | ||
| Q4 24 | $103.1B | $15.0B | ||
| Q3 24 | $100.1B | $15.7B | ||
| Q2 24 | $99.6B | $15.4B | ||
| Q1 24 | $97.7B | $15.0B |
负债/权益比AEPKLAC
| Q4 25 | 1.52× | 1.08× | ||
| Q3 25 | 1.52× | 1.18× | ||
| Q2 25 | 1.49× | 1.25× | ||
| Q1 25 | 1.57× | 1.47× | ||
| Q4 24 | 1.58× | 1.64× | ||
| Q3 24 | 1.58× | 1.65× | ||
| Q2 24 | 1.61× | 1.75× | ||
| Q1 24 | 1.54× | 1.90× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.8B | $1.4B |
| 自由现金流经营现金流 - 资本支出 | — | $1.3B |
| 自由现金流率自由现金流/营收 | — | 38.3% |
| 资本支出强度资本支出/营收 | — | 3.2% |
| 现金转化率经营现金流/净利润 | 3.00× | 1.19× |
| 过去12个月自由现金流最近4个季度 | — | $4.4B |
8季度趋势，按日历期对齐
经营现金流AEPKLAC
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.7B | $849.5M | ||
| Q3 24 | $2.2B | $995.2M | ||
| Q2 24 | $1.5B | $892.6M | ||
| Q1 24 | $1.4B | $910.0M |
自由现金流AEPKLAC
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $990.0M | ||
| Q4 24 | — | $757.2M | ||
| Q3 24 | — | $934.8M | ||
| Q2 24 | — | $831.9M | ||
| Q1 24 | — | $838.2M |
自由现金流率AEPKLAC
| Q4 25 | — | 38.3% | ||
| Q3 25 | 36.3% | 33.2% | ||
| Q2 25 | — | 33.5% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.9% | ||
| Q2 24 | — | 32.4% | ||
| Q1 24 | — | 35.5% |
资本支出强度AEPKLAC
| Q4 25 | — | 3.2% | ||
| Q3 25 | 5.0% | 3.0% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 0.0% | 2.1% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.0% |
现金转化率AEPKLAC
| Q4 25 | 3.00× | 1.19× | ||
| Q3 25 | 2.46× | 1.04× | ||
| Q2 25 | 0.95× | 0.97× | ||
| Q1 25 | 1.81× | 0.99× | ||
| Q4 24 | 2.59× | 1.03× | ||
| Q3 24 | 2.26× | 1.05× | ||
| Q2 24 | 4.27× | 1.07× | ||
| Q1 24 | 1.43× | 1.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AEP
| Transmissionand Distribution Utilities Revenues | $1.5B | 29% |
| Electric Generation Transmission Distribution Revenues | $956.6M | 19% |
| Electricity Transmission And Distribution Revenues | $931.8M | 18% |
| Industrial | $685.8M | 14% |
| Marketing Competitive Retailand Renewable | $438.3M | 9% |
| Wholesale Generation | $231.1M | 5% |
| Wholesale Transmission | $113.6M | 2% |
| Other | $110.2M | 2% |
| Electric Transmission | $103.4M | 2% |
| Other Retail | $60.1M | 1% |
KLAC
| Wafer Inspection | $1.6B | 48% |
| Services | $786.1M | 24% |
| Patterning | $696.2M | 21% |
| Specialty Semiconductor Process | $121.6M | 4% |
| PCB And Component Inspection | $80.3M | 2% |
| Other Revenue | $40.2M | 1% |
