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江森自控（JCI）与KLA Corporation（KLAC）财务数据对比。点击上方公司名可切换其他公司
江森自控的季度营收约是KLA Corporation的1.8倍（$5.8B vs $3.3B），KLA Corporation净利率更高（34.7% vs 9.0%，领先25.7%），KLA Corporation同比增速更快（7.2% vs 6.8%），KLA Corporation自由现金流更多（$1.3B vs $531.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs -7.0%）
江森自控是总部位于爱尔兰科克的跨国综合企业，专注于为各类建筑提供消防、暖通空调及安防设备，业务覆盖六大洲近2000个地点，2019年中期员工规模达10.5万人，曾位列2017年《财富》全球500强第389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。
JCI vs KLAC — 直观对比
营收规模更大
JCI
是对方的1.8倍
$3.3B
营收增速更快
KLAC
高出0.3%
6.8%
净利率更高
KLAC
高出25.7%
9.0%
自由现金流更多
KLAC
多$731.0M
$531.0M
两年增速更快
KLAC
近两年复合增速
-7.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $3.3B |
| 净利润 | $524.0M | $1.1B |
| 毛利率 | 35.8% | 61.4% |
| 营业利润率 | — | — |
| 净利率 | 9.0% | 34.7% |
| 营收同比 | 6.8% | 7.2% |
| 净利润同比 | 25.1% | 39.0% |
| 每股收益（稀释后） | $0.85 | $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JCIKLAC
| Q4 25 | $5.8B | $3.3B | ||
| Q3 25 | $6.4B | $3.2B | ||
| Q2 25 | $6.1B | $3.2B | ||
| Q1 25 | $5.7B | $3.1B | ||
| Q4 24 | $5.4B | $3.1B | ||
| Q3 24 | $2.9B | $2.8B | ||
| Q2 24 | $7.2B | $2.6B | ||
| Q1 24 | $6.7B | $2.4B |
净利润JCIKLAC
| Q4 25 | $524.0M | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $701.0M | $1.2B | ||
| Q1 25 | $478.0M | $1.1B | ||
| Q4 24 | $419.0M | $824.5M | ||
| Q3 24 | $633.0M | $945.9M | ||
| Q2 24 | $975.0M | $836.4M | ||
| Q1 24 | $-277.0M | $601.5M |
毛利率JCIKLAC
| Q4 25 | 35.8% | 61.4% | ||
| Q3 25 | 36.5% | 61.3% | ||
| Q2 25 | 37.1% | 62.0% | ||
| Q1 25 | 36.5% | 61.6% | ||
| Q4 24 | 35.5% | 60.3% | ||
| Q3 24 | 48.4% | 59.6% | ||
| Q2 24 | 34.4% | 60.7% | ||
| Q1 24 | 32.6% | 57.9% |
营业利润率JCIKLAC
| Q4 25 | — | — | ||
| Q3 25 | 5.5% | — | ||
| Q2 25 | 11.6% | 41.9% | ||
| Q1 25 | 8.8% | 41.3% | ||
| Q4 24 | 7.5% | 31.6% | ||
| Q3 24 | 6.9% | 38.0% | ||
| Q2 24 | 17.7% | 36.8% | ||
| Q1 24 | -5.4% | 29.7% |
净利率JCIKLAC
| Q4 25 | 9.0% | 34.7% | ||
| Q3 25 | 26.3% | 34.9% | ||
| Q2 25 | 11.6% | 37.9% | ||
| Q1 25 | 8.4% | 35.5% | ||
| Q4 24 | 7.7% | 26.8% | ||
| Q3 24 | 21.6% | 33.3% | ||
| Q2 24 | 13.5% | 32.6% | ||
| Q1 24 | -4.1% | 25.5% |
每股收益（稀释后）JCIKLAC
| Q4 25 | $0.85 | $8.68 | ||
| Q3 25 | $2.61 | $8.47 | ||
| Q2 25 | $1.07 | $9.04 | ||
| Q1 25 | $0.72 | $8.16 | ||
| Q4 24 | $0.63 | $6.16 | ||
| Q3 24 | $0.93 | $7.01 | ||
| Q2 24 | $1.45 | $6.16 | ||
| Q1 24 | $-0.41 | $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 | $552.0M | $2.5B |
| 总债务越低越好 | $8.7B | $5.9B |
| 股东权益账面价值 | $13.2B | $5.5B |
| 总资产 | $38.0B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资JCIKLAC
| Q4 25 | $552.0M | $2.5B | ||
| Q3 25 | $379.0M | $1.9B | ||
| Q2 25 | $731.0M | $2.1B | ||
| Q1 25 | $795.0M | $1.9B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $606.0M | $2.0B | ||
| Q2 24 | $862.0M | $2.0B | ||
| Q1 24 | $843.0M | $1.8B |
总债务JCIKLAC
| Q4 25 | $8.7B | $5.9B | ||
| Q3 25 | $8.6B | $5.9B | ||
| Q2 25 | $8.4B | $5.9B | ||
| Q1 25 | $8.2B | $5.9B | ||
| Q4 24 | $8.6B | $5.9B | ||
| Q3 24 | $8.0B | $5.9B | ||
| Q2 24 | $7.9B | $5.9B | ||
| Q1 24 | $7.3B | $5.9B |
股东权益JCIKLAC
| Q4 25 | $13.2B | $5.5B | ||
| Q3 25 | $12.9B | $5.0B | ||
| Q2 25 | $15.8B | $4.7B | ||
| Q1 25 | $15.8B | $4.0B | ||
| Q4 24 | $15.9B | $3.6B | ||
| Q3 24 | $16.1B | $3.6B | ||
| Q2 24 | $16.0B | $3.4B | ||
| Q1 24 | $15.7B | $3.1B |
总资产JCIKLAC
| Q4 25 | $38.0B | $16.7B | ||
| Q3 25 | $37.9B | $16.3B | ||
| Q2 25 | $43.4B | $16.1B | ||
| Q1 25 | $42.4B | $15.2B | ||
| Q4 24 | $42.1B | $15.0B | ||
| Q3 24 | $42.7B | $15.7B | ||
| Q2 24 | $43.3B | $15.4B | ||
| Q1 24 | $43.5B | $15.0B |
负债/权益比JCIKLAC
| Q4 25 | 0.66× | 1.08× | ||
| Q3 25 | 0.66× | 1.18× | ||
| Q2 25 | 0.53× | 1.25× | ||
| Q1 25 | 0.52× | 1.47× | ||
| Q4 24 | 0.54× | 1.64× | ||
| Q3 24 | 0.50× | 1.65× | ||
| Q2 24 | 0.49× | 1.75× | ||
| Q1 24 | 0.47× | 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 | $611.0M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $531.0M | $1.3B |
| 自由现金流率自由现金流/营收 | 9.2% | 38.3% |
| 资本支出强度资本支出/营收 | 1.4% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.17× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $4.4B |
8季度趋势，按日历期对齐
经营现金流JCIKLAC
| Q4 25 | $611.0M | $1.4B | ||
| Q3 25 | $968.0M | $1.2B | ||
| Q2 25 | $787.0M | $1.2B | ||
| Q1 25 | $550.0M | $1.1B | ||
| Q4 24 | $249.0M | $849.5M | ||
| Q3 24 | $1.4B | $995.2M | ||
| Q2 24 | $1.0B | $892.6M | ||
| Q1 24 | $-203.0M | $910.0M |
自由现金流JCIKLAC
| Q4 25 | $531.0M | $1.3B | ||
| Q3 25 | $838.0M | $1.1B | ||
| Q2 25 | $693.0M | $1.1B | ||
| Q1 25 | $456.0M | $990.0M | ||
| Q4 24 | $133.0M | $757.2M | ||
| Q3 24 | $1.2B | $934.8M | ||
| Q2 24 | $922.0M | $831.9M | ||
| Q1 24 | $-336.0M | $838.2M |
自由现金流率JCIKLAC
| Q4 25 | 9.2% | 38.3% | ||
| Q3 25 | 13.0% | 33.2% | ||
| Q2 25 | 11.5% | 33.5% | ||
| Q1 25 | 8.0% | 32.3% | ||
| Q4 24 | 2.5% | 24.6% | ||
| Q3 24 | 40.4% | 32.9% | ||
| Q2 24 | 12.8% | 32.4% | ||
| Q1 24 | -5.0% | 35.5% |
资本支出强度JCIKLAC
| Q4 25 | 1.4% | 3.2% | ||
| Q3 25 | 2.0% | 3.0% | ||
| Q2 25 | 1.6% | 3.2% | ||
| Q1 25 | 1.7% | 2.7% | ||
| Q4 24 | 2.1% | 3.0% | ||
| Q3 24 | 5.8% | 2.1% | ||
| Q2 24 | 1.4% | 2.4% | ||
| Q1 24 | 2.0% | 3.0% |
现金转化率JCIKLAC
| Q4 25 | 1.17× | 1.19× | ||
| Q3 25 | 0.57× | 1.04× | ||
| Q2 25 | 1.12× | 0.97× | ||
| Q1 25 | 1.15× | 0.99× | ||
| Q4 24 | 0.59× | 1.03× | ||
| Q3 24 | 2.14× | 1.05× | ||
| Q2 24 | 1.05× | 1.07× | ||
| Q1 24 | — | 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
JCI
| Productsand Systems | $3.9B | 67% |
| Services | $1.9B | 33% |
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% |
