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KB HOME（KBH）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KB HOME的1.9倍（$3.3B vs $1.7B），KLA Corporation净利率更高（34.7% vs 6.0%，领先28.8%），KLA Corporation同比增速更快（7.2% vs -15.3%），KLA Corporation自由现金流更多（$1.3B vs $290.1M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 7.4%）
KB Home是美国知名住宅建造企业，1957年于密歇根州底特律成立，前身为Kaufman & Broad，是首家在纽约证券交易所上市的住宅建造商，总部现位于加利福尼亚州洛杉矶。
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。
KBH vs KLAC — 直观对比
营收规模更大
KLAC
是对方的1.9倍
$1.7B
营收增速更快
KLAC
高出22.4%
-15.3%
净利率更高
KLAC
高出28.8%
6.0%
自由现金流更多
KLAC
多$972.0M
$290.1M
两年增速更快
KLAC
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.3B |
| 净利润 | $101.5M | $1.1B |
| 毛利率 | — | 61.4% |
| 营业利润率 | — | — |
| 净利率 | 6.0% | 34.7% |
| 营收同比 | -15.3% | 7.2% |
| 净利润同比 | -46.7% | 39.0% |
| 每股收益（稀释后） | $1.55 | $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KBHKLAC
| Q4 25 | $1.7B | $3.3B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.4B | $3.1B | ||
| Q4 24 | $2.0B | $3.1B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $1.7B | $2.6B | ||
| Q1 24 | $1.5B | $2.4B |
净利润KBHKLAC
| Q4 25 | $101.5M | $1.1B | ||
| Q3 25 | $109.8M | $1.1B | ||
| Q2 25 | $107.9M | $1.2B | ||
| Q1 25 | $109.6M | $1.1B | ||
| Q4 24 | $190.6M | $824.5M | ||
| Q3 24 | $157.3M | $945.9M | ||
| Q2 24 | $168.4M | $836.4M | ||
| Q1 24 | $138.7M | $601.5M |
毛利率KBHKLAC
| Q4 25 | — | 61.4% | ||
| Q3 25 | — | 61.3% | ||
| Q2 25 | — | 62.0% | ||
| Q1 25 | — | 61.6% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 60.7% | ||
| Q1 24 | — | 57.9% |
营业利润率KBHKLAC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 31.6% | ||
| Q3 24 | — | 38.0% | ||
| Q2 24 | — | 36.8% | ||
| Q1 24 | — | 29.7% |
净利率KBHKLAC
| Q4 25 | 6.0% | 34.7% | ||
| Q3 25 | 6.8% | 34.9% | ||
| Q2 25 | 7.1% | 37.9% | ||
| Q1 25 | 7.9% | 35.5% | ||
| Q4 24 | 9.5% | 26.8% | ||
| Q3 24 | 9.0% | 33.3% | ||
| Q2 24 | 9.9% | 32.6% | ||
| Q1 24 | 9.4% | 25.5% |
每股收益（稀释后）KBHKLAC
| Q4 25 | $1.55 | $8.68 | ||
| Q3 25 | $1.61 | $8.47 | ||
| Q2 25 | $1.50 | $9.04 | ||
| Q1 25 | $1.49 | $8.16 | ||
| Q4 24 | $2.50 | $6.16 | ||
| Q3 24 | $2.04 | $7.01 | ||
| Q2 24 | $2.15 | $6.16 | ||
| Q1 24 | $1.76 | $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 | — | $5.9B |
| 股东权益账面价值 | $3.9B | $5.5B |
| 总资产 | $6.7B | $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KBHKLAC
| 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KBHKLAC
| 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 | ||
| Q1 24 | — | $5.9B |
股东权益KBHKLAC
| Q4 25 | $3.9B | $5.5B | ||
| Q3 25 | $3.9B | $5.0B | ||
| Q2 25 | $4.0B | $4.7B | ||
| Q1 25 | $4.1B | $4.0B | ||
| Q4 24 | $4.1B | $3.6B | ||
| Q3 24 | $4.0B | $3.6B | ||
| Q2 24 | $4.0B | $3.4B | ||
| Q1 24 | $3.9B | $3.1B |
总资产KBHKLAC
| Q4 25 | $6.7B | $16.7B | ||
| Q3 25 | $7.0B | $16.3B | ||
| Q2 25 | $7.0B | $16.1B | ||
| Q1 25 | $7.0B | $15.2B | ||
| Q4 24 | $6.9B | $15.0B | ||
| Q3 24 | $6.8B | $15.7B | ||
| Q2 24 | $6.8B | $15.4B | ||
| Q1 24 | $6.7B | $15.0B |
负债/权益比KBHKLAC
| 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× | ||
| Q1 24 | — | 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 | $303.8M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $1.3B |
| 自由现金流率自由现金流/营收 | 17.1% | 38.3% |
| 资本支出强度资本支出/营收 | 0.8% | 3.2% |
| 现金转化率经营现金流/净利润 | 2.99× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $287.3M | $4.4B |
8季度趋势，按日历期对齐
经营现金流KBHKLAC
| Q4 25 | $303.8M | $1.4B | ||
| Q3 25 | $197.7M | $1.2B | ||
| Q2 25 | $168.4M | $1.2B | ||
| Q1 25 | $-334.3M | $1.1B | ||
| Q4 24 | $362.6M | $849.5M | ||
| Q3 24 | $-89.9M | $995.2M | ||
| Q2 24 | $61.5M | $892.6M | ||
| Q1 24 | $28.5M | $910.0M |
自由现金流KBHKLAC
| Q4 25 | $290.1M | $1.3B | ||
| Q3 25 | $185.8M | $1.1B | ||
| Q2 25 | $156.9M | $1.1B | ||
| Q1 25 | $-345.5M | $990.0M | ||
| Q4 24 | $352.6M | $757.2M | ||
| Q3 24 | $-99.4M | $934.8M | ||
| Q2 24 | $51.2M | $831.9M | ||
| Q1 24 | $19.1M | $838.2M |
自由现金流率KBHKLAC
| Q4 25 | 17.1% | 38.3% | ||
| Q3 25 | 11.5% | 33.2% | ||
| Q2 25 | 10.3% | 33.5% | ||
| Q1 25 | -24.8% | 32.3% | ||
| Q4 24 | 17.6% | 24.6% | ||
| Q3 24 | -5.7% | 32.9% | ||
| Q2 24 | 3.0% | 32.4% | ||
| Q1 24 | 1.3% | 35.5% |
资本支出强度KBHKLAC
| Q4 25 | 0.8% | 3.2% | ||
| Q3 25 | 0.7% | 3.0% | ||
| Q2 25 | 0.8% | 3.2% | ||
| Q1 25 | 0.8% | 2.7% | ||
| Q4 24 | 0.5% | 3.0% | ||
| Q3 24 | 0.5% | 2.1% | ||
| Q2 24 | 0.6% | 2.4% | ||
| Q1 24 | 0.6% | 3.0% |
现金转化率KBHKLAC
| Q4 25 | 2.99× | 1.19× | ||
| Q3 25 | 1.80× | 1.04× | ||
| Q2 25 | 1.56× | 0.97× | ||
| Q1 25 | -3.05× | 0.99× | ||
| Q4 24 | 1.90× | 1.03× | ||
| Q3 24 | -0.57× | 1.05× | ||
| Q2 24 | 0.37× | 1.07× | ||
| Q1 24 | 0.21× | 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
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
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% |
