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福陆（FLR）与KLA Corporation（KLAC）财务数据对比。点击上方公司名可切换其他公司
福陆的季度营收约是KLA Corporation的1.3倍（$4.2B vs $3.3B），KLA Corporation净利率更高（34.7% vs -37.7%，领先72.4%），KLA Corporation同比增速更快（7.2% vs -2.0%），KLA Corporation自由现金流更多（$1.3B vs $-378.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 5.7%）
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
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。
FLR vs KLAC — 直观对比
营收规模更大
FLR
是对方的1.3倍
$3.3B
营收增速更快
KLAC
高出9.2%
-2.0%
净利率更高
KLAC
高出72.4%
-37.7%
自由现金流更多
KLAC
多$1.6B
$-378.0M
两年增速更快
KLAC
近两年复合增速
5.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.3B |
| 净利润 | $-1.6B | $1.1B |
| 毛利率 | 3.2% | 61.4% |
| 营业利润率 | 1.3% | — |
| 净利率 | -37.7% | 34.7% |
| 营收同比 | -2.0% | 7.2% |
| 净利润同比 | -184.4% | 39.0% |
| 每股收益（稀释后） | $-9.40 | $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FLRKLAC
| Q4 25 | $4.2B | $3.3B | ||
| Q3 25 | $3.4B | $3.2B | ||
| Q2 25 | $4.0B | $3.2B | ||
| Q1 25 | $4.0B | $3.1B | ||
| Q4 24 | $4.3B | $3.1B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.2B | $2.6B | ||
| Q1 24 | $3.7B | $2.4B |
净利润FLRKLAC
| Q4 25 | $-1.6B | $1.1B | ||
| Q3 25 | $-697.0M | $1.1B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $-241.0M | $1.1B | ||
| Q4 24 | $1.9B | $824.5M | ||
| Q3 24 | $54.0M | $945.9M | ||
| Q2 24 | $169.0M | $836.4M | ||
| Q1 24 | $59.0M | $601.5M |
毛利率FLRKLAC
| Q4 25 | 3.2% | 61.4% | ||
| Q3 25 | -13.3% | 61.3% | ||
| Q2 25 | 1.4% | 62.0% | ||
| Q1 25 | 3.5% | 61.6% | ||
| Q4 24 | 4.9% | 60.3% | ||
| Q3 24 | 2.1% | 59.6% | ||
| Q2 24 | 4.2% | 60.7% | ||
| Q1 24 | 2.7% | 57.9% |
营业利润率FLRKLAC
| Q4 25 | 1.3% | — | ||
| Q3 25 | -14.7% | — | ||
| Q2 25 | -0.7% | 41.9% | ||
| Q1 25 | 2.3% | 41.3% | ||
| Q4 24 | 4.4% | 31.6% | ||
| Q3 24 | 1.2% | 38.0% | ||
| Q2 24 | 4.2% | 36.8% | ||
| Q1 24 | 1.4% | 29.7% |
净利率FLRKLAC
| Q4 25 | -37.7% | 34.7% | ||
| Q3 25 | -20.7% | 34.9% | ||
| Q2 25 | 61.8% | 37.9% | ||
| Q1 25 | -6.1% | 35.5% | ||
| Q4 24 | 43.7% | 26.8% | ||
| Q3 24 | 1.3% | 33.3% | ||
| Q2 24 | 4.0% | 32.6% | ||
| Q1 24 | 1.6% | 25.5% |
每股收益（稀释后）FLRKLAC
| Q4 25 | $-9.40 | $8.68 | ||
| Q3 25 | $-4.30 | $8.47 | ||
| Q2 25 | $14.81 | $9.04 | ||
| Q1 25 | $-1.42 | $8.16 | ||
| Q4 24 | $10.68 | $6.16 | ||
| Q3 24 | $0.31 | $7.01 | ||
| Q2 24 | $0.97 | $6.16 | ||
| Q1 24 | $0.34 | $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 | $2.2B | $2.5B |
| 总债务越低越好 | — | $5.9B |
| 股东权益账面价值 | $3.2B | $5.5B |
| 总资产 | $8.2B | $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FLRKLAC
| Q4 25 | $2.2B | $2.5B | ||
| Q3 25 | $2.8B | $1.9B | ||
| Q2 25 | $2.3B | $2.1B | ||
| Q1 25 | $2.5B | $1.9B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $3.0B | $2.0B | ||
| Q2 24 | $2.7B | $2.0B | ||
| Q1 24 | $2.4B | $1.8B |
总债务FLRKLAC
| 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FLRKLAC
| Q4 25 | $3.2B | $5.5B | ||
| Q3 25 | $5.2B | $5.0B | ||
| Q2 25 | $5.9B | $4.7B | ||
| Q1 25 | $3.6B | $4.0B | ||
| Q4 24 | $3.9B | $3.6B | ||
| Q3 24 | $2.3B | $3.6B | ||
| Q2 24 | $2.1B | $3.4B | ||
| Q1 24 | $2.0B | $3.1B |
总资产FLRKLAC
| Q4 25 | $8.2B | $16.7B | ||
| Q3 25 | $11.5B | $16.3B | ||
| Q2 25 | $11.8B | $16.1B | ||
| Q1 25 | $8.4B | $15.2B | ||
| Q4 24 | $9.1B | $15.0B | ||
| Q3 24 | $7.1B | $15.7B | ||
| Q2 24 | $6.8B | $15.4B | ||
| Q1 24 | $6.7B | $15.0B |
负债/权益比FLRKLAC
| 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 | $-366.0M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $1.3B |
| 自由现金流率自由现金流/营收 | -9.1% | 38.3% |
| 资本支出强度资本支出/营收 | 0.3% | 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 | $-437.0M | $4.4B |
8季度趋势，按日历期对齐
经营现金流FLRKLAC
| Q4 25 | $-366.0M | $1.4B | ||
| Q3 25 | $286.0M | $1.2B | ||
| Q2 25 | $-21.0M | $1.2B | ||
| Q1 25 | $-286.0M | $1.1B | ||
| Q4 24 | $327.0M | $849.5M | ||
| Q3 24 | $330.0M | $995.2M | ||
| Q2 24 | $282.0M | $892.6M | ||
| Q1 24 | $-111.0M | $910.0M |
自由现金流FLRKLAC
| Q4 25 | $-378.0M | $1.3B | ||
| Q3 25 | $273.0M | $1.1B | ||
| Q2 25 | $-35.0M | $1.1B | ||
| Q1 25 | $-297.0M | $990.0M | ||
| Q4 24 | $296.0M | $757.2M | ||
| Q3 24 | $279.0M | $934.8M | ||
| Q2 24 | $234.0M | $831.9M | ||
| Q1 24 | $-145.0M | $838.2M |
自由现金流率FLRKLAC
| Q4 25 | -9.1% | 38.3% | ||
| Q3 25 | 8.1% | 33.2% | ||
| Q2 25 | -0.9% | 33.5% | ||
| Q1 25 | -7.5% | 32.3% | ||
| Q4 24 | 6.9% | 24.6% | ||
| Q3 24 | 6.8% | 32.9% | ||
| Q2 24 | 5.5% | 32.4% | ||
| Q1 24 | -3.9% | 35.5% |
资本支出强度FLRKLAC
| Q4 25 | 0.3% | 3.2% | ||
| Q3 25 | 0.4% | 3.0% | ||
| Q2 25 | 0.4% | 3.2% | ||
| Q1 25 | 0.3% | 2.7% | ||
| Q4 24 | 0.7% | 3.0% | ||
| Q3 24 | 1.2% | 2.1% | ||
| Q2 24 | 1.1% | 2.4% | ||
| Q1 24 | 0.9% | 3.0% |
现金转化率FLRKLAC
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | -0.01× | 0.97× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 0.18× | 1.03× | ||
| Q3 24 | 6.11× | 1.05× | ||
| Q2 24 | 1.67× | 1.07× | ||
| Q1 24 | -1.88× | 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
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
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% |
