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荷美尔食品（HRL）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的季度营收约是荷美尔食品的1.0倍（$3.3B vs $3.2B），KLA Corporation净利率更高（34.7% vs -1.8%，领先36.5%），KLA Corporation同比增速更快（7.2% vs 1.5%），KLA Corporation自由现金流更多（$1.3B vs $231.4M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 3.1%）
荷美尔食品是1891年于美国明尼苏达州奥斯汀成立的跨国食品加工企业，由乔治·A·荷美尔创立。品牌最初主营火腿、香肠等各类畜肉产品的包装与销售，1937年推出斯帕姆午餐肉，上世纪80年代起逐步拓展多元化包装及冷藏食品产品线。
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。
HRL vs KLAC — 直观对比
营收规模更大
KLAC
是对方的1.0倍
$3.2B
营收增速更快
KLAC
高出5.6%
1.5%
净利率更高
KLAC
高出36.5%
-1.8%
自由现金流更多
KLAC
多$1.0B
$231.4M
两年增速更快
KLAC
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.3B |
| 净利润 | $-56.1M | $1.1B |
| 毛利率 | 14.0% | 61.4% |
| 营业利润率 | 0.1% | — |
| 净利率 | -1.8% | 34.7% |
| 营收同比 | 1.5% | 7.2% |
| 净利润同比 | -125.5% | 39.0% |
| 每股收益（稀释后） | $-0.10 | $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HRLKLAC
| Q4 25 | $3.2B | $3.3B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $2.9B | $3.2B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $3.1B | $3.1B | ||
| Q3 24 | $2.9B | $2.8B | ||
| Q2 24 | $2.9B | $2.6B | ||
| Q1 24 | $3.0B | $2.4B |
净利润HRLKLAC
| Q4 25 | $-56.1M | $1.1B | ||
| Q3 25 | $183.7M | $1.1B | ||
| Q2 25 | $180.0M | $1.2B | ||
| Q1 25 | $170.6M | $1.1B | ||
| Q4 24 | $220.2M | $824.5M | ||
| Q3 24 | $176.7M | $945.9M | ||
| Q2 24 | $189.3M | $836.4M | ||
| Q1 24 | $218.9M | $601.5M |
毛利率HRLKLAC
| Q4 25 | 14.0% | 61.4% | ||
| Q3 25 | 16.1% | 61.3% | ||
| Q2 25 | 16.7% | 62.0% | ||
| Q1 25 | 15.9% | 61.6% | ||
| Q4 24 | 16.6% | 60.3% | ||
| Q3 24 | 16.8% | 59.6% | ||
| Q2 24 | 17.4% | 60.7% | ||
| Q1 24 | 17.0% | 57.9% |
营业利润率HRLKLAC
| Q4 25 | 0.1% | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 8.6% | 41.9% | ||
| Q1 25 | 7.6% | 41.3% | ||
| Q4 24 | 9.4% | 31.6% | ||
| Q3 24 | 8.2% | 38.0% | ||
| Q2 24 | 8.7% | 36.8% | ||
| Q1 24 | 9.5% | 29.7% |
净利率HRLKLAC
| Q4 25 | -1.8% | 34.7% | ||
| Q3 25 | 6.1% | 34.9% | ||
| Q2 25 | 6.2% | 37.9% | ||
| Q1 25 | 5.7% | 35.5% | ||
| Q4 24 | 7.0% | 26.8% | ||
| Q3 24 | 6.1% | 33.3% | ||
| Q2 24 | 6.6% | 32.6% | ||
| Q1 24 | 7.3% | 25.5% |
每股收益（稀释后）HRLKLAC
| Q4 25 | $-0.10 | $8.68 | ||
| Q3 25 | $0.33 | $8.47 | ||
| Q2 25 | $0.33 | $9.04 | ||
| Q1 25 | $0.31 | $8.16 | ||
| Q4 24 | $0.41 | $6.16 | ||
| Q3 24 | $0.32 | $7.01 | ||
| Q2 24 | $0.34 | $6.16 | ||
| Q1 24 | $0.40 | $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 | $703.6M | $2.5B |
| 总债务越低越好 | $2.9B | $5.9B |
| 股东权益账面价值 | $7.9B | $5.5B |
| 总资产 | $13.4B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.36× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资HRLKLAC
| Q4 25 | $703.6M | $2.5B | ||
| Q3 25 | $630.7M | $1.9B | ||
| Q2 25 | $699.0M | $2.1B | ||
| Q1 25 | $866.4M | $1.9B | ||
| Q4 24 | $766.6M | $1.8B | ||
| Q3 24 | $561.9M | $2.0B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $981.9M | $1.8B |
总债务HRLKLAC
| Q4 25 | $2.9B | $5.9B | ||
| Q3 25 | $2.9B | $5.9B | ||
| Q2 25 | $2.9B | $5.9B | ||
| Q1 25 | $2.9B | $5.9B | ||
| Q4 24 | $2.9B | $5.9B | ||
| Q3 24 | $2.9B | $5.9B | ||
| Q2 24 | $2.9B | $5.9B | ||
| Q1 24 | $2.4B | $5.9B |
股东权益HRLKLAC
| Q4 25 | $7.9B | $5.5B | ||
| Q3 25 | $8.1B | $5.0B | ||
| Q2 25 | $8.0B | $4.7B | ||
| Q1 25 | $8.0B | $4.0B | ||
| Q4 24 | $8.0B | $3.6B | ||
| Q3 24 | $7.9B | $3.6B | ||
| Q2 24 | $7.9B | $3.4B | ||
| Q1 24 | $7.8B | $3.1B |
总资产HRLKLAC
| Q4 25 | $13.4B | $16.7B | ||
| Q3 25 | $13.5B | $16.3B | ||
| Q2 25 | $13.4B | $16.1B | ||
| Q1 25 | $13.4B | $15.2B | ||
| Q4 24 | $13.4B | $15.0B | ||
| Q3 24 | $13.1B | $15.7B | ||
| Q2 24 | $14.1B | $15.4B | ||
| Q1 24 | $13.5B | $15.0B |
负债/权益比HRLKLAC
| Q4 25 | 0.36× | 1.08× | ||
| Q3 25 | 0.35× | 1.18× | ||
| Q2 25 | 0.35× | 1.25× | ||
| Q1 25 | 0.36× | 1.47× | ||
| Q4 24 | 0.36× | 1.64× | ||
| Q3 24 | 0.36× | 1.65× | ||
| Q2 24 | 0.36× | 1.75× | ||
| Q1 24 | 0.30× | 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 | $322.9M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $231.4M | $1.3B |
| 自由现金流率自由现金流/营收 | 7.3% | 38.3% |
| 资本支出强度资本支出/营收 | 2.9% | 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 | $534.3M | $4.4B |
8季度趋势，按日历期对齐
经营现金流HRLKLAC
| Q4 25 | $322.9M | $1.4B | ||
| Q3 25 | $156.7M | $1.2B | ||
| Q2 25 | $56.4M | $1.2B | ||
| Q1 25 | $309.2M | $1.1B | ||
| Q4 24 | $408.6M | $849.5M | ||
| Q3 24 | $218.0M | $995.2M | ||
| Q2 24 | $236.1M | $892.6M | ||
| Q1 24 | $404.0M | $910.0M |
自由现金流HRLKLAC
| Q4 25 | $231.4M | $1.3B | ||
| Q3 25 | $84.5M | $1.1B | ||
| Q2 25 | $-18.6M | $1.1B | ||
| Q1 25 | $237.0M | $990.0M | ||
| Q4 24 | $324.8M | $757.2M | ||
| Q3 24 | $152.5M | $934.8M | ||
| Q2 24 | $176.2M | $831.9M | ||
| Q1 24 | $356.8M | $838.2M |
自由现金流率HRLKLAC
| Q4 25 | 7.3% | 38.3% | ||
| Q3 25 | 2.8% | 33.2% | ||
| Q2 25 | -0.6% | 33.5% | ||
| Q1 25 | 7.9% | 32.3% | ||
| Q4 24 | 10.4% | 24.6% | ||
| Q3 24 | 5.3% | 32.9% | ||
| Q2 24 | 6.1% | 32.4% | ||
| Q1 24 | 11.9% | 35.5% |
资本支出强度HRLKLAC
| Q4 25 | 2.9% | 3.2% | ||
| Q3 25 | 2.4% | 3.0% | ||
| Q2 25 | 2.6% | 3.2% | ||
| Q1 25 | 2.4% | 2.7% | ||
| Q4 24 | 2.7% | 3.0% | ||
| Q3 24 | 2.3% | 2.1% | ||
| Q2 24 | 2.1% | 2.4% | ||
| Q1 24 | 1.6% | 3.0% |
现金转化率HRLKLAC
| Q4 25 | — | 1.19× | ||
| Q3 25 | 0.85× | 1.04× | ||
| Q2 25 | 0.31× | 0.97× | ||
| Q1 25 | 1.81× | 0.99× | ||
| Q4 24 | 1.86× | 1.03× | ||
| Q3 24 | 1.23× | 1.05× | ||
| Q2 24 | 1.25× | 1.07× | ||
| Q1 24 | 1.85× | 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
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
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% |
