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康宁（GLW）与KLA Corporation（KLAC）财务数据对比。点击上方公司名可切换其他公司
康宁的季度营收约是KLA Corporation的1.3倍（$4.2B vs $3.3B），KLA Corporation净利率更高（34.7% vs 12.8%，领先21.9%），康宁同比增速更快（20.4% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $620.0M），过去两年康宁的营收复合增速更高（19.0% vs 18.2%）
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
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。
GLW vs KLAC — 直观对比
营收规模更大
GLW
是对方的1.3倍
$3.3B
营收增速更快
GLW
高出13.2%
7.2%
净利率更高
KLAC
高出21.9%
12.8%
自由现金流更多
KLAC
多$642.0M
$620.0M
两年增速更快
GLW
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.3B |
| 净利润 | $540.0M | $1.1B |
| 毛利率 | 35.5% | 61.4% |
| 营业利润率 | 15.9% | — |
| 净利率 | 12.8% | 34.7% |
| 营收同比 | 20.4% | 7.2% |
| 净利润同比 | 74.2% | 39.0% |
| 每股收益（稀释后） | $0.61 | $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GLWKLAC
| Q4 25 | $4.2B | $3.3B | ||
| Q3 25 | $4.1B | $3.2B | ||
| Q2 25 | $3.9B | $3.2B | ||
| Q1 25 | $3.5B | $3.1B | ||
| Q4 24 | $3.5B | $3.1B | ||
| Q3 24 | $3.4B | $2.8B | ||
| Q2 24 | $3.3B | $2.6B | ||
| Q1 24 | $3.0B | $2.4B |
净利润GLWKLAC
| Q4 25 | $540.0M | $1.1B | ||
| Q3 25 | $430.0M | $1.1B | ||
| Q2 25 | $469.0M | $1.2B | ||
| Q1 25 | $157.0M | $1.1B | ||
| Q4 24 | $310.0M | $824.5M | ||
| Q3 24 | $-117.0M | $945.9M | ||
| Q2 24 | $104.0M | $836.4M | ||
| Q1 24 | $209.0M | $601.5M |
毛利率GLWKLAC
| Q4 25 | 35.5% | 61.4% | ||
| Q3 25 | 37.1% | 61.3% | ||
| Q2 25 | 36.0% | 62.0% | ||
| Q1 25 | 35.2% | 61.6% | ||
| Q4 24 | 34.2% | 60.3% | ||
| Q3 24 | 33.5% | 59.6% | ||
| Q2 24 | 29.2% | 60.7% | ||
| Q1 24 | 33.4% | 57.9% |
营业利润率GLWKLAC
| Q4 25 | 15.9% | — | ||
| Q3 25 | 14.4% | — | ||
| Q2 25 | 14.8% | 41.9% | ||
| Q1 25 | 12.9% | 41.3% | ||
| Q4 24 | 11.2% | 31.6% | ||
| Q3 24 | 8.9% | 38.0% | ||
| Q2 24 | 5.7% | 36.8% | ||
| Q1 24 | 8.5% | 29.7% |
净利率GLWKLAC
| Q4 25 | 12.8% | 34.7% | ||
| Q3 25 | 10.5% | 34.9% | ||
| Q2 25 | 12.1% | 37.9% | ||
| Q1 25 | 4.5% | 35.5% | ||
| Q4 24 | 8.9% | 26.8% | ||
| Q3 24 | -3.5% | 33.3% | ||
| Q2 24 | 3.2% | 32.6% | ||
| Q1 24 | 7.0% | 25.5% |
每股收益（稀释后）GLWKLAC
| Q4 25 | $0.61 | $8.68 | ||
| Q3 25 | $0.50 | $8.47 | ||
| Q2 25 | $0.54 | $9.04 | ||
| Q1 25 | $0.18 | $8.16 | ||
| Q4 24 | $0.36 | $6.16 | ||
| Q3 24 | $-0.14 | $7.01 | ||
| Q2 24 | $0.12 | $6.16 | ||
| Q1 24 | $0.24 | $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 | $1.5B | $2.5B |
| 总债务越低越好 | $7.6B | $5.9B |
| 股东权益账面价值 | $11.8B | $5.5B |
| 总资产 | $31.0B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.65× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资GLWKLAC
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.8B |
总债务GLWKLAC
| Q4 25 | $7.6B | $5.9B | ||
| Q3 25 | $7.4B | $5.9B | ||
| Q2 25 | $6.7B | $5.9B | ||
| Q1 25 | $7.0B | $5.9B | ||
| Q4 24 | $6.9B | $5.9B | ||
| Q3 24 | $7.1B | $5.9B | ||
| Q2 24 | $6.9B | $5.9B | ||
| Q1 24 | $7.0B | $5.9B |
股东权益GLWKLAC
| Q4 25 | $11.8B | $5.5B | ||
| Q3 25 | $11.5B | $5.0B | ||
| Q2 25 | $11.1B | $4.7B | ||
| Q1 25 | $10.7B | $4.0B | ||
| Q4 24 | $10.7B | $3.6B | ||
| Q3 24 | $11.1B | $3.6B | ||
| Q2 24 | $10.6B | $3.4B | ||
| Q1 24 | $11.2B | $3.1B |
总资产GLWKLAC
| Q4 25 | $31.0B | $16.7B | ||
| Q3 25 | $29.9B | $16.3B | ||
| Q2 25 | $28.7B | $16.1B | ||
| Q1 25 | $27.4B | $15.2B | ||
| Q4 24 | $27.7B | $15.0B | ||
| Q3 24 | $28.3B | $15.7B | ||
| Q2 24 | $27.2B | $15.4B | ||
| Q1 24 | $27.6B | $15.0B |
负债/权益比GLWKLAC
| Q4 25 | 0.65× | 1.08× | ||
| Q3 25 | 0.64× | 1.18× | ||
| Q2 25 | 0.60× | 1.25× | ||
| Q1 25 | 0.65× | 1.47× | ||
| Q4 24 | 0.64× | 1.64× | ||
| Q3 24 | 0.64× | 1.65× | ||
| Q2 24 | 0.65× | 1.75× | ||
| Q1 24 | 0.63× | 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 | $620.0M | $1.3B |
| 自由现金流率自由现金流/营收 | 14.7% | 38.3% |
| 资本支出强度资本支出/营收 | 10.2% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $4.4B |
8季度趋势，按日历期对齐
经营现金流GLWKLAC
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $784.0M | $1.2B | ||
| Q2 25 | $708.0M | $1.2B | ||
| Q1 25 | $151.0M | $1.1B | ||
| Q4 24 | $623.0M | $849.5M | ||
| Q3 24 | $699.0M | $995.2M | ||
| Q2 24 | $521.0M | $892.6M | ||
| Q1 24 | $96.0M | $910.0M |
自由现金流GLWKLAC
| Q4 25 | $620.0M | $1.3B | ||
| Q3 25 | $450.0M | $1.1B | ||
| Q2 25 | $400.0M | $1.1B | ||
| Q1 25 | $-57.0M | $990.0M | ||
| Q4 24 | $369.0M | $757.2M | ||
| Q3 24 | $482.0M | $934.8M | ||
| Q2 24 | $279.0M | $831.9M | ||
| Q1 24 | $-156.0M | $838.2M |
自由现金流率GLWKLAC
| Q4 25 | 14.7% | 38.3% | ||
| Q3 25 | 11.0% | 33.2% | ||
| Q2 25 | 10.4% | 33.5% | ||
| Q1 25 | -1.7% | 32.3% | ||
| Q4 24 | 10.5% | 24.6% | ||
| Q3 24 | 14.2% | 32.9% | ||
| Q2 24 | 8.6% | 32.4% | ||
| Q1 24 | -5.2% | 35.5% |
资本支出强度GLWKLAC
| Q4 25 | 10.2% | 3.2% | ||
| Q3 25 | 8.1% | 3.0% | ||
| Q2 25 | 8.0% | 3.2% | ||
| Q1 25 | 6.0% | 2.7% | ||
| Q4 24 | 7.3% | 3.0% | ||
| Q3 24 | 6.4% | 2.1% | ||
| Q2 24 | 7.4% | 2.4% | ||
| Q1 24 | 8.5% | 3.0% |
现金转化率GLWKLAC
| Q4 25 | 1.95× | 1.19× | ||
| Q3 25 | 1.82× | 1.04× | ||
| Q2 25 | 1.51× | 0.97× | ||
| Q1 25 | 0.96× | 0.99× | ||
| Q4 24 | 2.01× | 1.03× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | 5.01× | 1.07× | ||
| Q1 24 | 0.46× | 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
GLW
暂无分部数据
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% |
