vs
COHERENT CORP.（COHR）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COHERENT CORP.的2.0倍（$3.3B vs $1.7B）。KLA Corporation净利率更高（34.7% vs 8.7%，领先26.0%）。COHERENT CORP.同比增速更快（17.5% vs 7.2%）。KLA Corporation自由现金流更多（$1.3B vs $-95.7M）。过去两年KLA Corporation的营收复合增速更高（18.2% vs 18.1%）
Coherent Corp.是美国专业光学材料与半导体生产商，2023年全球员工规模达26622人。2022年原II-VI公司收购激光制造商Coherent, Inc.后更名为现名，产品广泛应用于通信、工业、医疗等众多领域。
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。
COHR vs KLAC — 直观对比
营收规模更大
KLAC
是对方的2.0倍
$1.7B
营收增速更快
COHR
高出10.3%
7.2%
净利率更高
KLAC
高出26.0%
8.7%
自由现金流更多
KLAC
多$1.4B
$-95.7M
两年增速更快
KLAC
近两年复合增速
18.1%
损益表 — Q2 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.3B |
| 净利润 | $146.7M | $1.1B |
| 毛利率 | 36.9% | 61.4% |
| 营业利润率 | 10.0% | — |
| 净利率 | 8.7% | 34.7% |
| 营收同比 | 17.5% | 7.2% |
| 净利润同比 | 41.9% | 39.0% |
| 每股收益（稀释后） | $0.76 | $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COHRKLAC
| Q4 25 | $1.7B | $3.3B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.5B | $3.1B | ||
| Q4 24 | $1.4B | $3.1B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | $1.3B | $2.6B | ||
| Q1 24 | $1.2B | $2.4B |
净利润COHRKLAC
| Q4 25 | $146.7M | $1.1B | ||
| Q3 25 | $226.3M | $1.1B | ||
| Q2 25 | $-95.6M | $1.2B | ||
| Q1 25 | $15.7M | $1.1B | ||
| Q4 24 | $103.4M | $824.5M | ||
| Q3 24 | $25.9M | $945.9M | ||
| Q2 24 | $-48.4M | $836.4M | ||
| Q1 24 | $-13.2M | $601.5M |
毛利率COHRKLAC
| Q4 25 | 36.9% | 61.4% | ||
| Q3 25 | 36.6% | 61.3% | ||
| Q2 25 | 35.7% | 62.0% | ||
| Q1 25 | 35.2% | 61.6% | ||
| Q4 24 | 35.5% | 60.3% | ||
| Q3 24 | 34.1% | 59.6% | ||
| Q2 24 | 32.9% | 60.7% | ||
| Q1 24 | 30.3% | 57.9% |
营业利润率COHRKLAC
| Q4 25 | 10.0% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | -4.1% | 41.9% | ||
| Q1 25 | 0.7% | 41.3% | ||
| Q4 24 | 9.0% | 31.6% | ||
| Q3 24 | 1.4% | 38.0% | ||
| Q2 24 | 4.8% | 36.8% | ||
| Q1 24 | 1.8% | 29.7% |
净利率COHRKLAC
| Q4 25 | 8.7% | 34.7% | ||
| Q3 25 | 14.3% | 34.9% | ||
| Q2 25 | -6.3% | 37.9% | ||
| Q1 25 | 1.0% | 35.5% | ||
| Q4 24 | 7.2% | 26.8% | ||
| Q3 24 | 1.9% | 33.3% | ||
| Q2 24 | -3.7% | 32.6% | ||
| Q1 24 | -1.1% | 25.5% |
每股收益（稀释后）COHRKLAC
| Q4 25 | $0.76 | $8.68 | ||
| Q3 25 | $1.19 | $8.47 | ||
| Q2 25 | $-0.81 | $9.04 | ||
| Q1 25 | $-0.11 | $8.16 | ||
| Q4 24 | $0.44 | $6.16 | ||
| Q3 24 | $-0.04 | $7.01 | ||
| Q2 24 | $-0.52 | $6.16 | ||
| Q1 24 | $-0.29 | $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 | $863.7M | $2.5B |
| 总债务越低越好 | $3.4B | $5.9B |
| 股东权益账面价值 | $8.5B | $5.5B |
| 总资产 | $15.1B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.39× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资COHRKLAC
| Q4 25 | $863.7M | $2.5B | ||
| Q3 25 | $852.8M | $1.9B | ||
| Q2 25 | $909.2M | $2.1B | ||
| Q1 25 | $890.3M | $1.9B | ||
| Q4 24 | $917.8M | $1.8B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $926.0M | $2.0B | ||
| Q1 24 | $898.6M | $1.8B |
总债务COHRKLAC
| Q4 25 | $3.4B | $5.9B | ||
| Q3 25 | $3.3B | $5.9B | ||
| Q2 25 | $3.7B | $5.9B | ||
| Q1 25 | $3.7B | $5.9B | ||
| Q4 24 | $3.9B | $5.9B | ||
| Q3 24 | $4.0B | $5.9B | ||
| Q2 24 | $4.1B | $5.9B | ||
| Q1 24 | $4.2B | $5.9B |
股东权益COHRKLAC
| Q4 25 | $8.5B | $5.5B | ||
| Q3 25 | $5.8B | $5.0B | ||
| Q2 25 | $5.6B | $4.7B | ||
| Q1 25 | $5.4B | $4.0B | ||
| Q4 24 | $5.2B | $3.6B | ||
| Q3 24 | $5.5B | $3.6B | ||
| Q2 24 | $5.2B | $3.4B | ||
| Q1 24 | $5.3B | $3.1B |
总资产COHRKLAC
| Q4 25 | $15.1B | $16.7B | ||
| Q3 25 | $14.7B | $16.3B | ||
| Q2 25 | $14.9B | $16.1B | ||
| Q1 25 | $14.4B | $15.2B | ||
| Q4 24 | $14.2B | $15.0B | ||
| Q3 24 | $14.7B | $15.7B | ||
| Q2 24 | $14.5B | $15.4B | ||
| Q1 24 | $14.5B | $15.0B |
负债/权益比COHRKLAC
| Q4 25 | 0.39× | 1.08× | ||
| Q3 25 | 0.57× | 1.18× | ||
| Q2 25 | 0.65× | 1.25× | ||
| Q1 25 | 0.70× | 1.47× | ||
| Q4 24 | 0.75× | 1.64× | ||
| Q3 24 | 0.73× | 1.65× | ||
| Q2 24 | 0.79× | 1.75× | ||
| Q1 24 | 0.78× | 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 | $57.9M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-95.7M | $1.3B |
| 自由现金流率自由现金流/营收 | -5.7% | 38.3% |
| 资本支出强度资本支出/营收 | 9.1% | 3.2% |
| 现金转化率经营现金流/净利润 | 0.39× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $-103.6M | $4.4B |
8季度趋势，按日历期对齐
经营现金流COHRKLAC
| Q4 25 | $57.9M | $1.4B | ||
| Q3 25 | $46.0M | $1.2B | ||
| Q2 25 | $130.3M | $1.2B | ||
| Q1 25 | $163.0M | $1.1B | ||
| Q4 24 | $187.4M | $849.5M | ||
| Q3 24 | $153.0M | $995.2M | ||
| Q2 24 | $162.3M | $892.6M | ||
| Q1 24 | $117.4M | $910.0M |
自由现金流COHRKLAC
| Q4 25 | $-95.7M | $1.3B | ||
| Q3 25 | $-58.0M | $1.1B | ||
| Q2 25 | $-1.1M | $1.1B | ||
| Q1 25 | $51.1M | $990.0M | ||
| Q4 24 | $81.7M | $757.2M | ||
| Q3 24 | $61.0M | $934.8M | ||
| Q2 24 | $62.4M | $831.9M | ||
| Q1 24 | $24.2M | $838.2M |
自由现金流率COHRKLAC
| Q4 25 | -5.7% | 38.3% | ||
| Q3 25 | -3.7% | 33.2% | ||
| Q2 25 | -0.1% | 33.5% | ||
| Q1 25 | 3.4% | 32.3% | ||
| Q4 24 | 5.7% | 24.6% | ||
| Q3 24 | 4.5% | 32.9% | ||
| Q2 24 | 4.7% | 32.4% | ||
| Q1 24 | 2.0% | 35.5% |
资本支出强度COHRKLAC
| Q4 25 | 9.1% | 3.2% | ||
| Q3 25 | 6.6% | 3.0% | ||
| Q2 25 | 8.6% | 3.2% | ||
| Q1 25 | 7.5% | 2.7% | ||
| Q4 24 | 7.4% | 3.0% | ||
| Q3 24 | 6.8% | 2.1% | ||
| Q2 24 | 7.6% | 2.4% | ||
| Q1 24 | 7.7% | 3.0% |
现金转化率COHRKLAC
| Q4 25 | 0.39× | 1.19× | ||
| Q3 25 | 0.20× | 1.04× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 10.37× | 0.99× | ||
| Q4 24 | 1.81× | 1.03× | ||
| Q3 24 | 5.91× | 1.05× | ||
| Q2 24 | — | 1.07× | ||
| Q1 24 | — | 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
COHR
| Datacenter And Communications Segment | $1.2B | 72% |
| Industrial Segment | $477.7M | 28% |
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% |
