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空气化工产品公司（APD）与KLA Corporation（KLAC）财务数据对比。点击上方公司名可切换其他公司
KLA Corporation的季度营收约是空气化工产品公司的1.1倍（$3.3B vs $3.1B），KLA Corporation净利率更高（34.7% vs 21.9%，领先12.9%），KLA Corporation同比增速更快（7.2% vs 5.8%），KLA Corporation自由现金流更多（$1.3B vs $-350.5M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 2.9%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
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。
APD vs KLAC — 直观对比
营收规模更大
KLAC
是对方的1.1倍
$3.1B
营收增速更快
KLAC
高出1.3%
5.8%
净利率更高
KLAC
高出12.9%
21.9%
自由现金流更多
KLAC
多$1.6B
$-350.5M
两年增速更快
KLAC
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.3B |
| 净利润 | $678.2M | $1.1B |
| 毛利率 | 32.1% | 61.4% |
| 营业利润率 | 23.7% | — |
| 净利率 | 21.9% | 34.7% |
| 营收同比 | 5.8% | 7.2% |
| 净利润同比 | 9.8% | 39.0% |
| 每股收益（稀释后） | $3.04 | $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APDKLAC
| Q4 25 | $3.1B | $3.3B | ||
| Q3 25 | $3.2B | $3.2B | ||
| Q2 25 | $3.0B | $3.2B | ||
| Q1 25 | $2.9B | $3.1B | ||
| Q4 24 | $2.9B | $3.1B | ||
| Q3 24 | $3.2B | $2.8B | ||
| Q2 24 | $3.0B | $2.6B | ||
| Q1 24 | $2.9B | $2.4B |
净利润APDKLAC
| Q4 25 | $678.2M | $1.1B | ||
| Q3 25 | $4.9M | $1.1B | ||
| Q2 25 | $713.8M | $1.2B | ||
| Q1 25 | $-1.7B | $1.1B | ||
| Q4 24 | $617.4M | $824.5M | ||
| Q3 24 | $1.9B | $945.9M | ||
| Q2 24 | $696.6M | $836.4M | ||
| Q1 24 | $572.4M | $601.5M |
毛利率APDKLAC
| Q4 25 | 32.1% | 61.4% | ||
| Q3 25 | 32.3% | 61.3% | ||
| Q2 25 | 32.5% | 62.0% | ||
| Q1 25 | 29.6% | 61.6% | ||
| Q4 24 | 31.2% | 60.3% | ||
| Q3 24 | 34.0% | 59.6% | ||
| Q2 24 | 32.8% | 60.7% | ||
| Q1 24 | 32.0% | 57.9% |
营业利润率APDKLAC
| Q4 25 | 23.7% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 26.2% | 41.9% | ||
| Q1 25 | -79.8% | 41.3% | ||
| Q4 24 | 22.0% | 31.6% | ||
| Q3 24 | 76.1% | 38.0% | ||
| Q2 24 | 24.7% | 36.8% | ||
| Q1 24 | 21.7% | 29.7% |
净利率APDKLAC
| Q4 25 | 21.9% | 34.7% | ||
| Q3 25 | 0.2% | 34.9% | ||
| Q2 25 | 23.6% | 37.9% | ||
| Q1 25 | -59.3% | 35.5% | ||
| Q4 24 | 21.1% | 26.8% | ||
| Q3 24 | 61.2% | 33.3% | ||
| Q2 24 | 23.3% | 32.6% | ||
| Q1 24 | 19.5% | 25.5% |
每股收益（稀释后）APDKLAC
| Q4 25 | $3.04 | $8.68 | ||
| Q3 25 | $0.03 | $8.47 | ||
| Q2 25 | $3.20 | $9.04 | ||
| Q1 25 | $-7.77 | $8.16 | ||
| Q4 24 | $2.77 | $6.16 | ||
| Q3 24 | $8.75 | $7.01 | ||
| Q2 24 | $3.13 | $6.16 | ||
| Q1 24 | $2.57 | $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 | $1.0B | $2.5B |
| 总债务越低越好 | — | $5.9B |
| 股东权益账面价值 | $15.4B | $5.5B |
| 总资产 | $41.2B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资APDKLAC
| Q4 25 | $1.0B | $2.5B | ||
| Q3 25 | $1.9B | $1.9B | ||
| Q2 25 | $2.3B | $2.1B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $3.0B | $2.0B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.6B | $1.8B |
总债务APDKLAC
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.9B | ||
| Q1 24 | — | $5.9B |
股东权益APDKLAC
| Q4 25 | $15.4B | $5.5B | ||
| Q3 25 | $15.0B | $5.0B | ||
| Q2 25 | $15.5B | $4.7B | ||
| Q1 25 | $14.7B | $4.0B | ||
| Q4 24 | $16.7B | $3.6B | ||
| Q3 24 | $17.0B | $3.6B | ||
| Q2 24 | $15.1B | $3.4B | ||
| Q1 24 | $14.9B | $3.1B |
总资产APDKLAC
| Q4 25 | $41.2B | $16.7B | ||
| Q3 25 | $41.1B | $16.3B | ||
| Q2 25 | $41.7B | $16.1B | ||
| Q1 25 | $38.9B | $15.2B | ||
| Q4 24 | $40.0B | $15.0B | ||
| Q3 24 | $39.6B | $15.7B | ||
| Q2 24 | $37.0B | $15.4B | ||
| Q1 24 | $35.9B | $15.0B |
负债/权益比APDKLAC
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 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 | $900.7M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $1.3B |
| 自由现金流率自由现金流/营收 | -11.3% | 38.3% |
| 资本支出强度资本支出/营收 | 40.3% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.33× | 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APDKLAC
| Q4 25 | $900.7M | $1.4B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $855.8M | $1.2B | ||
| Q1 25 | $328.1M | $1.1B | ||
| Q4 24 | $811.7M | $849.5M | ||
| Q3 24 | — | $995.2M | ||
| Q2 24 | $1.3B | $892.6M | ||
| Q1 24 | $801.7M | $910.0M |
自由现金流APDKLAC
| Q4 25 | $-350.5M | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $-640.0M | $1.1B | ||
| Q1 25 | $-1.6B | $990.0M | ||
| Q4 24 | $-1.3B | $757.2M | ||
| Q3 24 | — | $934.8M | ||
| Q2 24 | $-345.2M | $831.9M | ||
| Q1 24 | $-867.7M | $838.2M |
自由现金流率APDKLAC
| Q4 25 | -11.3% | 38.3% | ||
| Q3 25 | — | 33.2% | ||
| Q2 25 | -21.2% | 33.5% | ||
| Q1 25 | -53.6% | 32.3% | ||
| Q4 24 | -44.5% | 24.6% | ||
| Q3 24 | — | 32.9% | ||
| Q2 24 | -11.6% | 32.4% | ||
| Q1 24 | -29.6% | 35.5% |
资本支出强度APDKLAC
| Q4 25 | 40.3% | 3.2% | ||
| Q3 25 | 47.9% | 3.0% | ||
| Q2 25 | 49.5% | 3.2% | ||
| Q1 25 | 64.9% | 2.7% | ||
| Q4 24 | 72.2% | 3.0% | ||
| Q3 24 | 65.1% | 2.1% | ||
| Q2 24 | 53.8% | 2.4% | ||
| Q1 24 | 57.0% | 3.0% |
现金转化率APDKLAC
| Q4 25 | 1.33× | 1.19× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | 1.20× | 0.97× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 1.31× | 1.03× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | 1.81× | 1.07× | ||
| Q1 24 | 1.40× | 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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
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% |
