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好时（HSY）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的季度营收约是好时的1.1倍（$3.3B vs $3.1B），KLA Corporation净利率更高（34.7% vs 10.4%，领先24.4%），KLA Corporation同比增速更快（7.2% vs 7.0%），KLA Corporation自由现金流更多（$1.3B vs $788.5M），过去两年KLA Corporation的营收复合增速更高（18.2% vs -2.5%）
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
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。
HSY vs KLAC — 直观对比
营收规模更大
KLAC
是对方的1.1倍
$3.1B
营收增速更快
KLAC
高出0.1%
7.0%
净利率更高
KLAC
高出24.4%
10.4%
自由现金流更多
KLAC
多$473.6M
$788.5M
两年增速更快
KLAC
近两年复合增速
-2.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.3B |
| 净利润 | $320.0M | $1.1B |
| 毛利率 | 37.0% | 61.4% |
| 营业利润率 | 14.4% | — |
| 净利率 | 10.4% | 34.7% |
| 营收同比 | 7.0% | 7.2% |
| 净利润同比 | -59.8% | 39.0% |
| 每股收益（稀释后） | — | $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HSYKLAC
| Q4 25 | $3.1B | $3.3B | ||
| Q3 25 | $3.2B | $3.2B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.8B | $3.1B | ||
| Q4 24 | $2.9B | $3.1B | ||
| Q3 24 | $3.0B | $2.8B | ||
| Q2 24 | $2.1B | $2.6B | ||
| Q1 24 | $3.3B | $2.4B |
净利润HSYKLAC
| Q4 25 | $320.0M | $1.1B | ||
| Q3 25 | $276.3M | $1.1B | ||
| Q2 25 | $62.7M | $1.2B | ||
| Q1 25 | $224.2M | $1.1B | ||
| Q4 24 | $796.6M | $824.5M | ||
| Q3 24 | $446.3M | $945.9M | ||
| Q2 24 | $180.9M | $836.4M | ||
| Q1 24 | $797.5M | $601.5M |
毛利率HSYKLAC
| Q4 25 | 37.0% | 61.4% | ||
| Q3 25 | 32.6% | 61.3% | ||
| Q2 25 | 30.5% | 62.0% | ||
| Q1 25 | 33.7% | 61.6% | ||
| Q4 24 | 54.0% | 60.3% | ||
| Q3 24 | 41.3% | 59.6% | ||
| Q2 24 | 40.2% | 60.7% | ||
| Q1 24 | 51.5% | 57.9% |
营业利润率HSYKLAC
| Q4 25 | 14.4% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 7.4% | 41.9% | ||
| Q1 25 | 13.2% | 41.3% | ||
| Q4 24 | 32.5% | 31.6% | ||
| Q3 24 | 20.5% | 38.0% | ||
| Q2 24 | 13.9% | 36.8% | ||
| Q1 24 | 32.5% | 29.7% |
净利率HSYKLAC
| Q4 25 | 10.4% | 34.7% | ||
| Q3 25 | 8.7% | 34.9% | ||
| Q2 25 | 2.4% | 37.9% | ||
| Q1 25 | 8.0% | 35.5% | ||
| Q4 24 | 27.6% | 26.8% | ||
| Q3 24 | 14.9% | 33.3% | ||
| Q2 24 | 8.7% | 32.6% | ||
| Q1 24 | 24.5% | 25.5% |
每股收益（稀释后）HSYKLAC
| Q4 25 | — | $8.68 | ||
| Q3 25 | — | $8.47 | ||
| Q2 25 | — | $9.04 | ||
| Q1 25 | — | $8.16 | ||
| Q4 24 | — | $6.16 | ||
| Q3 24 | — | $7.01 | ||
| Q2 24 | — | $6.16 | ||
| Q1 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 | — | $2.5B |
| 总债务越低越好 | $4.7B | $5.9B |
| 股东权益账面价值 | $4.6B | $5.5B |
| 总资产 | $13.7B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.01× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资HSYKLAC
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.8B |
总债务HSYKLAC
| Q4 25 | $4.7B | $5.9B | ||
| Q3 25 | $4.7B | $5.9B | ||
| Q2 25 | $5.2B | $5.9B | ||
| Q1 25 | $5.2B | $5.9B | ||
| Q4 24 | $3.2B | $5.9B | ||
| Q3 24 | $3.2B | $5.9B | ||
| Q2 24 | $3.5B | $5.9B | ||
| Q1 24 | $3.8B | $5.9B |
股东权益HSYKLAC
| Q4 25 | $4.6B | $5.5B | ||
| Q3 25 | $4.6B | $5.0B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.7B | $4.0B | ||
| Q4 24 | $4.7B | $3.6B | ||
| Q3 24 | $4.2B | $3.6B | ||
| Q2 24 | $4.0B | $3.4B | ||
| Q1 24 | $4.1B | $3.1B |
总资产HSYKLAC
| Q4 25 | $13.7B | $16.7B | ||
| Q3 25 | $13.6B | $16.3B | ||
| Q2 25 | $13.6B | $16.1B | ||
| Q1 25 | $14.0B | $15.2B | ||
| Q4 24 | $12.9B | $15.0B | ||
| Q3 24 | $12.6B | $15.7B | ||
| Q2 24 | $12.4B | $15.4B | ||
| Q1 24 | $12.4B | $15.0B |
负债/权益比HSYKLAC
| Q4 25 | 1.01× | 1.08× | ||
| Q3 25 | 1.02× | 1.18× | ||
| Q2 25 | 1.15× | 1.25× | ||
| Q1 25 | 1.11× | 1.47× | ||
| Q4 24 | 0.68× | 1.64× | ||
| Q3 24 | 0.76× | 1.65× | ||
| Q2 24 | 0.87× | 1.75× | ||
| Q1 24 | 0.92× | 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 | $926.6M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $788.5M | $1.3B |
| 自由现金流率自由现金流/营收 | 25.5% | 38.3% |
| 资本支出强度资本支出/营收 | 4.5% | 3.2% |
| 现金转化率经营现金流/净利润 | 2.90× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $4.4B |
8季度趋势，按日历期对齐
经营现金流HSYKLAC
| Q4 25 | $926.6M | $1.4B | ||
| Q3 25 | $841.9M | $1.2B | ||
| Q2 25 | $112.2M | $1.2B | ||
| Q1 25 | $396.7M | $1.1B | ||
| Q4 24 | $941.6M | $849.5M | ||
| Q3 24 | $695.3M | $995.2M | ||
| Q2 24 | $325.6M | $892.6M | ||
| Q1 24 | $569.1M | $910.0M |
自由现金流HSYKLAC
| Q4 25 | $788.5M | $1.3B | ||
| Q3 25 | $756.0M | $1.1B | ||
| Q2 25 | $27.1M | $1.1B | ||
| Q1 25 | $251.2M | $990.0M | ||
| Q4 24 | $807.1M | $757.2M | ||
| Q3 24 | $567.3M | $934.8M | ||
| Q2 24 | $195.5M | $831.9M | ||
| Q1 24 | $355.8M | $838.2M |
自由现金流率HSYKLAC
| Q4 25 | 25.5% | 38.3% | ||
| Q3 25 | 23.8% | 33.2% | ||
| Q2 25 | 1.0% | 33.5% | ||
| Q1 25 | 9.0% | 32.3% | ||
| Q4 24 | 28.0% | 24.6% | ||
| Q3 24 | 19.0% | 32.9% | ||
| Q2 24 | 9.4% | 32.4% | ||
| Q1 24 | 10.9% | 35.5% |
资本支出强度HSYKLAC
| Q4 25 | 4.5% | 3.2% | ||
| Q3 25 | 2.7% | 3.0% | ||
| Q2 25 | 3.3% | 3.2% | ||
| Q1 25 | 5.2% | 2.7% | ||
| Q4 24 | 4.7% | 3.0% | ||
| Q3 24 | 4.3% | 2.1% | ||
| Q2 24 | 6.3% | 2.4% | ||
| Q1 24 | 6.6% | 3.0% |
现金转化率HSYKLAC
| Q4 25 | 2.90× | 1.19× | ||
| Q3 25 | 3.05× | 1.04× | ||
| Q2 25 | 1.79× | 0.97× | ||
| Q1 25 | 1.77× | 0.99× | ||
| Q4 24 | 1.18× | 1.03× | ||
| Q3 24 | 1.56× | 1.05× | ||
| Q2 24 | 1.80× | 1.07× | ||
| Q1 24 | 0.71× | 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
HSY
| Other | $1.8B | 59% |
| North America Salty Snacks Segment | $1.3B | 41% |
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% |
