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Delek US Holdings, Inc.（DK）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Delek US Holdings, Inc.的1.4倍（$3.3B vs $2.4B），KLA Corporation净利率更高（34.7% vs 3.2%，领先31.5%），KLA Corporation同比增速更快（7.2% vs 2.3%），KLA Corporation自由现金流更多（$1.3B vs $382.8M），过去两年KLA Corporation的营收复合增速更高（18.2% vs -11.9%）
Delek US Holdings, Inc.成立于2001年，总部位于美国田纳西州布伦特伍德，是一家深耕炼油、物流及生物燃料领域的能源企业，业务覆盖能源产业链上下游相关环节，为市场提供稳定的能源相关产品与配套服务。
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。
DK vs KLAC — 直观对比
营收规模更大
KLAC
是对方的1.4倍
$2.4B
营收增速更快
KLAC
高出4.8%
2.3%
净利率更高
KLAC
高出31.5%
3.2%
自由现金流更多
KLAC
多$879.2M
$382.8M
两年增速更快
KLAC
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.3B |
| 净利润 | $78.3M | $1.1B |
| 毛利率 | 9.3% | 61.4% |
| 营业利润率 | 6.8% | — |
| 净利率 | 3.2% | 34.7% |
| 营收同比 | 2.3% | 7.2% |
| 净利润同比 | 118.9% | 39.0% |
| 每股收益（稀释后） | $1.23 | $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DKKLAC
| Q4 25 | $2.4B | $3.3B | ||
| Q3 25 | $2.9B | $3.2B | ||
| Q2 25 | $2.8B | $3.2B | ||
| Q1 25 | $2.6B | $3.1B | ||
| Q4 24 | $2.4B | $3.1B | ||
| Q3 24 | $3.0B | $2.8B | ||
| Q2 24 | $3.3B | $2.6B | ||
| Q1 24 | $3.1B | $2.4B |
净利润DKKLAC
| Q4 25 | $78.3M | $1.1B | ||
| Q3 25 | $178.0M | $1.1B | ||
| Q2 25 | $-106.4M | $1.2B | ||
| Q1 25 | $-172.7M | $1.1B | ||
| Q4 24 | $-413.8M | $824.5M | ||
| Q3 24 | $-76.8M | $945.9M | ||
| Q2 24 | $-37.2M | $836.4M | ||
| Q1 24 | $-32.6M | $601.5M |
毛利率DKKLAC
| Q4 25 | 9.3% | 61.4% | ||
| Q3 25 | 13.8% | 61.3% | ||
| Q2 25 | 1.9% | 62.0% | ||
| Q1 25 | -2.4% | 61.6% | ||
| Q4 24 | -5.7% | 60.3% | ||
| Q3 24 | -0.7% | 59.6% | ||
| Q2 24 | 0.5% | 60.7% | ||
| Q1 24 | 3.0% | 57.9% |
营业利润率DKKLAC
| Q4 25 | 6.8% | — | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | -1.2% | 41.9% | ||
| Q1 25 | -4.8% | 41.3% | ||
| Q4 24 | -17.0% | 31.6% | ||
| Q3 24 | -4.0% | 38.0% | ||
| Q2 24 | 0.1% | 36.8% | ||
| Q1 24 | 0.9% | 29.7% |
净利率DKKLAC
| Q4 25 | 3.2% | 34.7% | ||
| Q3 25 | 6.2% | 34.9% | ||
| Q2 25 | -3.8% | 37.9% | ||
| Q1 25 | -6.5% | 35.5% | ||
| Q4 24 | -17.4% | 26.8% | ||
| Q3 24 | -2.5% | 33.3% | ||
| Q2 24 | -1.1% | 32.6% | ||
| Q1 24 | -1.0% | 25.5% |
每股收益（稀释后）DKKLAC
| Q4 25 | $1.23 | $8.68 | ||
| Q3 25 | $2.93 | $8.47 | ||
| Q2 25 | $-1.76 | $9.04 | ||
| Q1 25 | $-2.78 | $8.16 | ||
| Q4 24 | $-6.48 | $6.16 | ||
| Q3 24 | $-1.20 | $7.01 | ||
| Q2 24 | $-0.58 | $6.16 | ||
| Q1 24 | $-0.51 | $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 | $625.8M | $2.5B |
| 总债务越低越好 | $3.2B | $5.9B |
| 股东权益账面价值 | $547.3M | $5.5B |
| 总资产 | $6.8B | $16.7B |
| 负债/权益比越低杠杆越低 | 5.91× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资DKKLAC
| Q4 25 | $625.8M | $2.5B | ||
| Q3 25 | $630.9M | $1.9B | ||
| Q2 25 | $615.5M | $2.1B | ||
| Q1 25 | $623.8M | $1.9B | ||
| Q4 24 | $735.6M | $1.8B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $657.9M | $2.0B | ||
| Q1 24 | $753.4M | $1.8B |
总债务DKKLAC
| Q4 25 | $3.2B | $5.9B | ||
| Q3 25 | $3.2B | $5.9B | ||
| Q2 25 | $3.1B | $5.9B | ||
| Q1 25 | $3.0B | $5.9B | ||
| Q4 24 | $2.8B | $5.9B | ||
| Q3 24 | $2.8B | $5.9B | ||
| Q2 24 | $2.5B | $5.9B | ||
| Q1 24 | $2.5B | $5.9B |
股东权益DKKLAC
| Q4 25 | $547.3M | $5.5B | ||
| Q3 25 | $444.8M | $5.0B | ||
| Q2 25 | $294.9M | $4.7B | ||
| Q1 25 | $429.4M | $4.0B | ||
| Q4 24 | $575.2M | $3.6B | ||
| Q3 24 | $875.4M | $3.6B | ||
| Q2 24 | $982.8M | $3.4B | ||
| Q1 24 | $1.0B | $3.1B |
总资产DKKLAC
| Q4 25 | $6.8B | $16.7B | ||
| Q3 25 | $7.1B | $16.3B | ||
| Q2 25 | $7.1B | $16.1B | ||
| Q1 25 | $6.9B | $15.2B | ||
| Q4 24 | $6.7B | $15.0B | ||
| Q3 24 | $7.0B | $15.7B | ||
| Q2 24 | $6.9B | $15.4B | ||
| Q1 24 | $7.2B | $15.0B |
负债/权益比DKKLAC
| Q4 25 | 5.91× | 1.08× | ||
| Q3 25 | 7.14× | 1.18× | ||
| Q2 25 | 10.51× | 1.25× | ||
| Q1 25 | 7.07× | 1.47× | ||
| Q4 24 | 4.81× | 1.64× | ||
| Q3 24 | 3.19× | 1.65× | ||
| Q2 24 | 2.50× | 1.75× | ||
| Q1 24 | 2.41× | 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 | $502.8M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $1.3B |
| 自由现金流率自由现金流/营收 | 15.8% | 38.3% |
| 资本支出强度资本支出/营收 | 4.9% | 3.2% |
| 现金转化率经营现金流/净利润 | 6.42× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $6.3M | $4.4B |
8季度趋势，按日历期对齐
经营现金流DKKLAC
| Q4 25 | $502.8M | $1.4B | ||
| Q3 25 | $44.0M | $1.2B | ||
| Q2 25 | $51.4M | $1.2B | ||
| Q1 25 | $-62.4M | $1.1B | ||
| Q4 24 | $-163.5M | $849.5M | ||
| Q3 24 | $-21.6M | $995.2M | ||
| Q2 24 | $-48.4M | $892.6M | ||
| Q1 24 | $166.7M | $910.0M |
自由现金流DKKLAC
| Q4 25 | $382.8M | $1.3B | ||
| Q3 25 | $-64.0M | $1.1B | ||
| Q2 25 | $-114.4M | $1.1B | ||
| Q1 25 | $-198.1M | $990.0M | ||
| Q4 24 | $-354.0M | $757.2M | ||
| Q3 24 | $-140.6M | $934.8M | ||
| Q2 24 | $-128.3M | $831.9M | ||
| Q1 24 | $128.4M | $838.2M |
自由现金流率DKKLAC
| Q4 25 | 15.8% | 38.3% | ||
| Q3 25 | -2.2% | 33.2% | ||
| Q2 25 | -4.1% | 33.5% | ||
| Q1 25 | -7.5% | 32.3% | ||
| Q4 24 | -14.9% | 24.6% | ||
| Q3 24 | -4.6% | 32.9% | ||
| Q2 24 | -3.9% | 32.4% | ||
| Q1 24 | 4.1% | 35.5% |
资本支出强度DKKLAC
| Q4 25 | 4.9% | 3.2% | ||
| Q3 25 | 3.7% | 3.0% | ||
| Q2 25 | 6.0% | 3.2% | ||
| Q1 25 | 5.1% | 2.7% | ||
| Q4 24 | 8.0% | 3.0% | ||
| Q3 24 | 3.9% | 2.1% | ||
| Q2 24 | 2.4% | 2.4% | ||
| Q1 24 | 1.2% | 3.0% |
现金转化率DKKLAC
| Q4 25 | 6.42× | 1.19× | ||
| Q3 25 | 0.25× | 1.04× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 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
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
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% |
