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FISERV INC（FISV）与KLA Corporation（KLAC）财务数据对比。点击上方公司名可切换其他公司
FISERV INC的季度营收约是KLA Corporation的1.6倍（$5.3B vs $3.3B），KLA Corporation净利率更高（34.7% vs 15.3%，领先19.4%），KLA Corporation同比增速更快（7.2% vs 0.6%），FISERV INC自由现金流更多（$1.5B vs $1.3B），过去两年KLA Corporation的营收复合增速更高（18.2% vs 4.0%）
Fiserv是总部位于美国威斯康星州密尔沃基的跨国金融科技企业，面向银行机构提供借记卡、信用卡交易处理、忠诚度计划管理、贷款服务、电子账单支付、电汇及ACH转账、支票存款、ATM交易处理等解决方案，同时生产借记卡、信用卡及POS终端设备。
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。
FISV vs KLAC — 直观对比
营收规模更大
FISV
是对方的1.6倍
$3.3B
营收增速更快
KLAC
高出6.5%
0.6%
净利率更高
KLAC
高出19.4%
15.3%
自由现金流更多
FISV
多$240.0M
$1.3B
两年增速更快
KLAC
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $3.3B |
| 净利润 | $811.0M | $1.1B |
| 毛利率 | — | 61.4% |
| 营业利润率 | 24.4% | — |
| 净利率 | 15.3% | 34.7% |
| 营收同比 | 0.6% | 7.2% |
| 净利润同比 | -13.5% | 39.0% |
| 每股收益（稀释后） | $1.51 | $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FISVKLAC
| Q4 25 | $5.3B | $3.3B | ||
| Q3 25 | $5.3B | $3.2B | ||
| Q2 25 | $5.5B | $3.2B | ||
| Q1 25 | $5.1B | $3.1B | ||
| Q4 24 | $5.3B | $3.1B | ||
| Q3 24 | $5.2B | $2.8B | ||
| Q2 24 | $5.1B | $2.6B | ||
| Q1 24 | $4.9B | $2.4B |
净利润FISVKLAC
| Q4 25 | $811.0M | $1.1B | ||
| Q3 25 | $792.0M | $1.1B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $851.0M | $1.1B | ||
| Q4 24 | $938.0M | $824.5M | ||
| Q3 24 | $564.0M | $945.9M | ||
| Q2 24 | $894.0M | $836.4M | ||
| Q1 24 | $735.0M | $601.5M |
毛利率FISVKLAC
| 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FISVKLAC
| Q4 25 | 24.4% | — | ||
| Q3 25 | 27.3% | — | ||
| Q2 25 | 30.7% | 41.9% | ||
| Q1 25 | 27.2% | 41.3% | ||
| Q4 24 | 31.8% | 31.6% | ||
| Q3 24 | 30.7% | 38.0% | ||
| Q2 24 | 28.0% | 36.8% | ||
| Q1 24 | 24.2% | 29.7% |
净利率FISVKLAC
| Q4 25 | 15.3% | 34.7% | ||
| Q3 25 | 15.0% | 34.9% | ||
| Q2 25 | 18.6% | 37.9% | ||
| Q1 25 | 16.6% | 35.5% | ||
| Q4 24 | 17.9% | 26.8% | ||
| Q3 24 | 10.8% | 33.3% | ||
| Q2 24 | 17.5% | 32.6% | ||
| Q1 24 | 15.1% | 25.5% |
每股收益（稀释后）FISVKLAC
| Q4 25 | $1.51 | $8.68 | ||
| Q3 25 | $1.46 | $8.47 | ||
| Q2 25 | $1.86 | $9.04 | ||
| Q1 25 | $1.51 | $8.16 | ||
| Q4 24 | $1.63 | $6.16 | ||
| Q3 24 | $0.98 | $7.01 | ||
| Q2 24 | $1.53 | $6.16 | ||
| Q1 24 | $1.24 | $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 | $798.0M | $2.5B |
| 总债务越低越好 | $27.8B | $5.9B |
| 股东权益账面价值 | $25.8B | $5.5B |
| 总资产 | $80.1B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.08× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资FISVKLAC
| Q4 25 | $798.0M | $2.5B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $999.0M | $2.1B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $2.0B | ||
| Q1 24 | $1.2B | $1.8B |
总债务FISVKLAC
| Q4 25 | $27.8B | $5.9B | ||
| Q3 25 | $28.9B | $5.9B | ||
| Q2 25 | $28.1B | $5.9B | ||
| Q1 25 | $27.0B | $5.9B | ||
| Q4 24 | $23.7B | $5.9B | ||
| Q3 24 | $24.1B | $5.9B | ||
| Q2 24 | $24.4B | $5.9B | ||
| Q1 24 | $23.8B | $5.9B |
股东权益FISVKLAC
| Q4 25 | $25.8B | $5.5B | ||
| Q3 25 | $25.1B | $5.0B | ||
| Q2 25 | $25.2B | $4.7B | ||
| Q1 25 | $25.9B | $4.0B | ||
| Q4 24 | $27.1B | $3.6B | ||
| Q3 24 | $27.8B | $3.6B | ||
| Q2 24 | $28.2B | $3.4B | ||
| Q1 24 | $28.8B | $3.1B |
总资产FISVKLAC
| Q4 25 | $80.1B | $16.7B | ||
| Q3 25 | $79.4B | $16.3B | ||
| Q2 25 | $81.5B | $16.1B | ||
| Q1 25 | $80.4B | $15.2B | ||
| Q4 24 | $77.2B | $15.0B | ||
| Q3 24 | $79.8B | $15.7B | ||
| Q2 24 | $93.4B | $15.4B | ||
| Q1 24 | $92.7B | $15.0B |
负债/权益比FISVKLAC
| Q4 25 | 1.08× | 1.08× | ||
| Q3 25 | 1.15× | 1.18× | ||
| Q2 25 | 1.11× | 1.25× | ||
| Q1 25 | 1.04× | 1.47× | ||
| Q4 24 | 0.88× | 1.64× | ||
| Q3 24 | 0.87× | 1.65× | ||
| Q2 24 | 0.87× | 1.75× | ||
| Q1 24 | 0.82× | 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 | $1.9B | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $1.3B |
| 自由现金流率自由现金流/营收 | 28.4% | 38.3% |
| 资本支出强度资本支出/营收 | 8.4% | 3.2% |
| 现金转化率经营现金流/净利润 | 2.40× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $4.4B |
8季度趋势，按日历期对齐
经营现金流FISVKLAC
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $648.0M | $1.1B | ||
| Q4 24 | $2.2B | $849.5M | ||
| Q3 24 | $2.2B | $995.2M | ||
| Q2 24 | $1.3B | $892.6M | ||
| Q1 24 | $831.0M | $910.0M |
自由现金流FISVKLAC
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $313.0M | $990.0M | ||
| Q4 24 | $1.8B | $757.2M | ||
| Q3 24 | $1.8B | $934.8M | ||
| Q2 24 | $993.0M | $831.9M | ||
| Q1 24 | $411.0M | $838.2M |
自由现金流率FISVKLAC
| Q4 25 | 28.4% | 38.3% | ||
| Q3 25 | 24.7% | 33.2% | ||
| Q2 25 | 21.5% | 33.5% | ||
| Q1 25 | 6.1% | 32.3% | ||
| Q4 24 | 34.7% | 24.6% | ||
| Q3 24 | 35.2% | 32.9% | ||
| Q2 24 | 19.4% | 32.4% | ||
| Q1 24 | 8.4% | 35.5% |
资本支出强度FISVKLAC
| Q4 25 | 8.4% | 3.2% | ||
| Q3 25 | 9.6% | 3.0% | ||
| Q2 25 | 8.7% | 3.2% | ||
| Q1 25 | 6.5% | 2.7% | ||
| Q4 24 | 7.6% | 3.0% | ||
| Q3 24 | 7.7% | 2.1% | ||
| Q2 24 | 6.8% | 2.4% | ||
| Q1 24 | 8.6% | 3.0% |
现金转化率FISVKLAC
| Q4 25 | 2.40× | 1.19× | ||
| Q3 25 | 2.28× | 1.04× | ||
| Q2 25 | 1.62× | 0.97× | ||
| Q1 25 | 0.76× | 0.99× | ||
| Q4 24 | 2.37× | 1.03× | ||
| Q3 24 | 3.97× | 1.05× | ||
| Q2 24 | 1.50× | 1.07× | ||
| Q1 24 | 1.13× | 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
FISV
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 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% |
