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FirstEnergy（FE）与KLA Corporation（KLAC）财务数据对比。点击上方公司名可切换其他公司
FirstEnergy的季度营收约是KLA Corporation的1.2倍（$3.8B vs $3.3B），KLA Corporation净利率更高（34.7% vs -1.3%，领先36.0%），FirstEnergy同比增速更快（19.6% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $-30.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 7.5%）
FirstEnergy Corp是总部位于美国俄亥俄州阿克伦市的电力公用事业企业，主营电力供应、电网运营相关业务，于1997年由俄亥俄爱迪生公司与森特里奥尔能源公司合并组建，是美国中西部地区颇具影响力的公共事业服务商。
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。
FE vs KLAC — 直观对比
营收规模更大
FE
是对方的1.2倍
$3.3B
营收增速更快
FE
高出12.4%
7.2%
净利率更高
KLAC
高出36.0%
-1.3%
自由现金流更多
KLAC
多$1.3B
$-30.0M
两年增速更快
KLAC
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.3B |
| 净利润 | $-49.0M | $1.1B |
| 毛利率 | — | 61.4% |
| 营业利润率 | -0.6% | — |
| 净利率 | -1.3% | 34.7% |
| 营收同比 | 19.6% | 7.2% |
| 净利润同比 | -118.8% | 39.0% |
| 每股收益（稀释后） | $-0.08 | $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FEKLAC
| Q4 25 | $3.8B | $3.3B | ||
| Q3 25 | $4.1B | $3.2B | ||
| Q2 25 | $3.4B | $3.2B | ||
| Q1 25 | $3.8B | $3.1B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.7B | $2.8B | ||
| Q2 24 | $3.3B | $2.6B | ||
| Q1 24 | $3.3B | $2.4B |
净利润FEKLAC
| Q4 25 | $-49.0M | $1.1B | ||
| Q3 25 | $441.0M | $1.1B | ||
| Q2 25 | $268.0M | $1.2B | ||
| Q1 25 | $360.0M | $1.1B | ||
| Q4 24 | $261.0M | $824.5M | ||
| Q3 24 | $419.0M | $945.9M | ||
| Q2 24 | $45.0M | $836.4M | ||
| Q1 24 | $253.0M | $601.5M |
毛利率FEKLAC
| 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FEKLAC
| Q4 25 | -0.6% | — | ||
| Q3 25 | 20.0% | — | ||
| Q2 25 | 19.1% | 41.9% | ||
| Q1 25 | 20.0% | 41.3% | ||
| Q4 24 | 19.3% | 31.6% | ||
| Q3 24 | 19.5% | 38.0% | ||
| Q2 24 | 12.9% | 36.8% | ||
| Q1 24 | 18.6% | 29.7% |
净利率FEKLAC
| Q4 25 | -1.3% | 34.7% | ||
| Q3 25 | 10.6% | 34.9% | ||
| Q2 25 | 7.9% | 37.9% | ||
| Q1 25 | 9.6% | 35.5% | ||
| Q4 24 | 8.2% | 26.8% | ||
| Q3 24 | 11.2% | 33.3% | ||
| Q2 24 | 1.4% | 32.6% | ||
| Q1 24 | 7.7% | 25.5% |
每股收益（稀释后）FEKLAC
| Q4 25 | $-0.08 | $8.68 | ||
| Q3 25 | $0.76 | $8.47 | ||
| Q2 25 | $0.46 | $9.04 | ||
| Q1 25 | $0.62 | $8.16 | ||
| Q4 24 | $0.45 | $6.16 | ||
| Q3 24 | $0.73 | $7.01 | ||
| Q2 24 | $0.08 | $6.16 | ||
| Q1 24 | $0.44 | $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 | $57.0M | $2.5B |
| 总债务越低越好 | $25.5B | $5.9B |
| 股东权益账面价值 | $12.5B | $5.5B |
| 总资产 | $55.9B | $16.7B |
| 负债/权益比越低杠杆越低 | 2.04× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资FEKLAC
| Q4 25 | $57.0M | $2.5B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $569.0M | $2.1B | ||
| Q1 25 | $132.0M | $1.9B | ||
| Q4 24 | $111.0M | $1.8B | ||
| Q3 24 | $439.0M | $2.0B | ||
| Q2 24 | $60.0M | $2.0B | ||
| Q1 24 | $888.0M | $1.8B |
总债务FEKLAC
| Q4 25 | $25.5B | $5.9B | ||
| Q3 25 | $25.5B | $5.9B | ||
| Q2 25 | $23.7B | $5.9B | ||
| Q1 25 | $21.2B | $5.9B | ||
| Q4 24 | $22.5B | $5.9B | ||
| Q3 24 | $21.6B | $5.9B | ||
| Q2 24 | $20.8B | $5.9B | ||
| Q1 24 | $21.7B | $5.9B |
股东权益FEKLAC
| Q4 25 | $12.5B | $5.5B | ||
| Q3 25 | $12.8B | $5.0B | ||
| Q2 25 | $12.9B | $4.7B | ||
| Q1 25 | $12.6B | $4.0B | ||
| Q4 24 | $12.5B | $3.6B | ||
| Q3 24 | $12.4B | $3.6B | ||
| Q2 24 | $12.5B | $3.4B | ||
| Q1 24 | $12.4B | $3.1B |
总资产FEKLAC
| Q4 25 | $55.9B | $16.7B | ||
| Q3 25 | $55.9B | $16.3B | ||
| Q2 25 | $54.2B | $16.1B | ||
| Q1 25 | $52.8B | $15.2B | ||
| Q4 24 | $52.0B | $15.0B | ||
| Q3 24 | $50.8B | $15.7B | ||
| Q2 24 | $51.0B | $15.4B | ||
| Q1 24 | $51.3B | $15.0B |
负债/权益比FEKLAC
| Q4 25 | 2.04× | 1.08× | ||
| Q3 25 | 1.99× | 1.18× | ||
| Q2 25 | 1.85× | 1.25× | ||
| Q1 25 | 1.69× | 1.47× | ||
| Q4 24 | 1.81× | 1.64× | ||
| Q3 24 | 1.74× | 1.65× | ||
| Q2 24 | 1.67× | 1.75× | ||
| Q1 24 | 1.75× | 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 | $1.1B | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-30.0M | $1.3B |
| 自由现金流率自由现金流/营收 | -0.8% | 38.3% |
| 资本支出强度资本支出/营收 | 30.7% | 3.2% |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $4.4B |
8季度趋势，按日历期对齐
经营现金流FEKLAC
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $845.0M | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $637.0M | $1.1B | ||
| Q4 24 | $1.0B | $849.5M | ||
| Q3 24 | $775.0M | $995.2M | ||
| Q2 24 | $1.1B | $892.6M | ||
| Q1 24 | $-40.0M | $910.0M |
自由现金流FEKLAC
| Q4 25 | $-30.0M | $1.3B | ||
| Q3 25 | $-471.0M | $1.1B | ||
| Q2 25 | $-136.0M | $1.1B | ||
| Q1 25 | $-368.0M | $990.0M | ||
| Q4 24 | $-250.0M | $757.2M | ||
| Q3 24 | $-229.0M | $934.8M | ||
| Q2 24 | $170.0M | $831.9M | ||
| Q1 24 | $-830.0M | $838.2M |
自由现金流率FEKLAC
| Q4 25 | -0.8% | 38.3% | ||
| Q3 25 | -11.4% | 33.2% | ||
| Q2 25 | -4.0% | 33.5% | ||
| Q1 25 | -9.8% | 32.3% | ||
| Q4 24 | -7.9% | 24.6% | ||
| Q3 24 | -6.1% | 32.9% | ||
| Q2 24 | 5.2% | 32.4% | ||
| Q1 24 | -25.3% | 35.5% |
资本支出强度FEKLAC
| Q4 25 | 30.7% | 3.2% | ||
| Q3 25 | 31.7% | 3.0% | ||
| Q2 25 | 36.0% | 3.2% | ||
| Q1 25 | 26.7% | 2.7% | ||
| Q4 24 | 40.7% | 3.0% | ||
| Q3 24 | 26.9% | 2.1% | ||
| Q2 24 | 28.7% | 2.4% | ||
| Q1 24 | 24.0% | 3.0% |
现金转化率FEKLAC
| Q4 25 | — | 1.19× | ||
| Q3 25 | 1.92× | 1.04× | ||
| Q2 25 | 4.04× | 0.97× | ||
| Q1 25 | 1.77× | 0.99× | ||
| Q4 24 | 4.00× | 1.03× | ||
| Q3 24 | 1.85× | 1.05× | ||
| Q2 24 | 24.71× | 1.07× | ||
| Q1 24 | -0.16× | 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
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 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% |
