vs
直觉外科（ISRG）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的季度营收约是直觉外科的1.2倍（$3.3B vs $2.8B），KLA Corporation净利率更高（34.7% vs 29.8%，领先4.9%），直觉外科同比增速更快（23.0% vs 7.2%），过去两年KLA Corporation的营收复合增速更高（18.2% vs 17.4%）
直觉外科（Intuitive Surgical）是美国医疗科技企业，主打研发、生产及销售微创外科手术机器人产品，核心产品为达芬奇手术系统，可有效提升患者临床治疗效果。该公司为纳斯达克100、标普100及标普500指数成分股，截至2021年末全球达芬奇系统装机量达6730台，其中美国市场占4139台。
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。
ISRG vs KLAC — 直观对比
营收规模更大
KLAC
是对方的1.2倍
$2.8B
营收增速更快
ISRG
高出15.8%
7.2%
净利率更高
KLAC
高出4.9%
29.8%
两年增速更快
KLAC
近两年复合增速
17.4%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $3.3B |
| 净利润 | $826.0M | $1.1B |
| 毛利率 | 66.1% | 61.4% |
| 营业利润率 | — | — |
| 净利率 | 29.8% | 34.7% |
| 营收同比 | 23.0% | 7.2% |
| 净利润同比 | 17.4% | 39.0% |
| 每股收益（稀释后） | $2.28 | $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ISRGKLAC
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.9B | $3.3B | ||
| Q3 25 | $2.5B | $3.2B | ||
| Q2 25 | $2.4B | $3.2B | ||
| Q1 25 | $2.3B | $3.1B | ||
| Q4 24 | $2.4B | $3.1B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $2.0B | $2.6B |
净利润ISRGKLAC
| Q1 26 | $826.0M | — | ||
| Q4 25 | $794.8M | $1.1B | ||
| Q3 25 | $704.4M | $1.1B | ||
| Q2 25 | $658.4M | $1.2B | ||
| Q1 25 | $698.4M | $1.1B | ||
| Q4 24 | $685.7M | $824.5M | ||
| Q3 24 | $565.1M | $945.9M | ||
| Q2 24 | $526.9M | $836.4M |
毛利率ISRGKLAC
| Q1 26 | 66.1% | — | ||
| Q4 25 | 66.4% | 61.4% | ||
| Q3 25 | 66.4% | 61.3% | ||
| Q2 25 | 66.3% | 62.0% | ||
| Q1 25 | 64.7% | 61.6% | ||
| Q4 24 | 68.0% | 60.3% | ||
| Q3 24 | 67.4% | 59.6% | ||
| Q2 24 | 68.3% | 60.7% |
营业利润率ISRGKLAC
| Q1 26 | — | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 30.3% | — | ||
| Q2 25 | 30.5% | 41.9% | ||
| Q1 25 | 25.7% | 41.3% | ||
| Q4 24 | 30.4% | 31.6% | ||
| Q3 24 | 28.3% | 38.0% | ||
| Q2 24 | 28.2% | 36.8% |
净利率ISRGKLAC
| Q1 26 | 29.8% | — | ||
| Q4 25 | 27.7% | 34.7% | ||
| Q3 25 | 28.1% | 34.9% | ||
| Q2 25 | 27.0% | 37.9% | ||
| Q1 25 | 31.0% | 35.5% | ||
| Q4 24 | 28.4% | 26.8% | ||
| Q3 24 | 27.7% | 33.3% | ||
| Q2 24 | 26.2% | 32.6% |
每股收益（稀释后）ISRGKLAC
| Q1 26 | $2.28 | — | ||
| Q4 25 | $2.19 | $8.68 | ||
| Q3 25 | $1.95 | $8.47 | ||
| Q2 25 | $1.81 | $9.04 | ||
| Q1 25 | $1.92 | $8.16 | ||
| Q4 24 | $1.89 | $6.16 | ||
| Q3 24 | $1.56 | $7.01 | ||
| Q2 24 | $1.46 | $6.16 |
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 | — | $5.9B |
| 股东权益账面价值 | $17.6B | $5.5B |
| 总资产 | $20.1B | $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ISRGKLAC
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $2.5B | ||
| Q3 25 | $4.9B | $1.9B | ||
| Q2 25 | $5.3B | $2.1B | ||
| Q1 25 | $4.5B | $1.9B | ||
| Q4 24 | $4.0B | $1.8B | ||
| Q3 24 | $4.2B | $2.0B | ||
| Q2 24 | $4.8B | $2.0B |
总债务ISRGKLAC
| Q1 26 | — | — | ||
| 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 |
股东权益ISRGKLAC
| Q1 26 | $17.6B | — | ||
| Q4 25 | $17.8B | $5.5B | ||
| Q3 25 | $16.9B | $5.0B | ||
| Q2 25 | $17.8B | $4.7B | ||
| Q1 25 | $17.1B | $4.0B | ||
| Q4 24 | $16.4B | $3.6B | ||
| Q3 24 | $15.6B | $3.6B | ||
| Q2 24 | $14.7B | $3.4B |
总资产ISRGKLAC
| Q1 26 | $20.1B | — | ||
| Q4 25 | $20.5B | $16.7B | ||
| Q3 25 | $19.4B | $16.3B | ||
| Q2 25 | $20.2B | $16.1B | ||
| Q1 25 | $19.2B | $15.2B | ||
| Q4 24 | $18.7B | $15.0B | ||
| Q3 24 | $17.7B | $15.7B | ||
| Q2 24 | $16.6B | $15.4B |
负债/权益比ISRGKLAC
| Q1 26 | — | — | ||
| 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× |
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 | — | $1.4B |
| 自由现金流经营现金流 - 资本支出 | — | $1.3B |
| 自由现金流率自由现金流/营收 | — | 38.3% |
| 资本支出强度资本支出/营收 | — | 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 | — | $4.4B |
8季度趋势，按日历期对齐
经营现金流ISRGKLAC
| Q1 26 | — | — | ||
| Q4 25 | $892.5M | $1.4B | ||
| Q3 25 | $841.0M | $1.2B | ||
| Q2 25 | $715.4M | $1.2B | ||
| Q1 25 | $581.6M | $1.1B | ||
| Q4 24 | $822.6M | $849.5M | ||
| Q3 24 | $706.5M | $995.2M | ||
| Q2 24 | $620.5M | $892.6M |
自由现金流ISRGKLAC
| Q1 26 | — | — | ||
| Q4 25 | $730.0M | $1.3B | ||
| Q3 25 | $735.6M | $1.1B | ||
| Q2 25 | $560.1M | $1.1B | ||
| Q1 25 | $465.0M | $990.0M | ||
| Q4 24 | $510.6M | $757.2M | ||
| Q3 24 | $458.6M | $934.8M | ||
| Q2 24 | $311.1M | $831.9M |
自由现金流率ISRGKLAC
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 38.3% | ||
| Q3 25 | 29.4% | 33.2% | ||
| Q2 25 | 23.0% | 33.5% | ||
| Q1 25 | 20.6% | 32.3% | ||
| Q4 24 | 21.2% | 24.6% | ||
| Q3 24 | 22.5% | 32.9% | ||
| Q2 24 | 15.5% | 32.4% |
资本支出强度ISRGKLAC
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 3.2% | ||
| Q3 25 | 4.2% | 3.0% | ||
| Q2 25 | 6.4% | 3.2% | ||
| Q1 25 | 5.2% | 2.7% | ||
| Q4 24 | 12.9% | 3.0% | ||
| Q3 24 | 12.2% | 2.1% | ||
| Q2 24 | 15.4% | 2.4% |
现金转化率ISRGKLAC
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 1.19× | ||
| Q3 25 | 1.19× | 1.04× | ||
| Q2 25 | 1.09× | 0.97× | ||
| Q1 25 | 0.83× | 0.99× | ||
| Q4 24 | 1.20× | 1.03× | ||
| Q3 24 | 1.25× | 1.05× | ||
| Q2 24 | 1.18× | 1.07× |
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
ISRG
| Instruments and accessories | $1.7B | 61% |
| Systems | $650.7M | 23% |
| Services | $433.7M | 16% |
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% |
