vs
KLA Corporation（KLAC）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是KLA Corporation的1.3倍（$4.2B vs $3.3B），KLA Corporation净利率更高（34.7% vs 7.8%，领先27.0%），KLA Corporation同比增速更快（7.2% vs -3.5%），KLA Corporation自由现金流更多（$1.3B vs $452.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 3.1%）
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。
Leidos Holdings, Inc.是总部位于美国弗吉尼亚州雷斯顿的企业，业务覆盖国防、航空、信息技术、生物医学研究领域，提供科研、工程、系统集成及技术服务。其前身为科学应用国际公司（SAIC），2016年8月与洛克希德·马丁旗下IT业务板块合并，成为国防行业规模最大的IT服务提供商。
KLAC vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.3倍
$3.3B
营收增速更快
KLAC
高出10.7%
-3.5%
净利率更高
KLAC
高出27.0%
7.8%
自由现金流更多
KLAC
多$810.0M
$452.0M
两年增速更快
KLAC
近两年复合增速
3.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.2B |
| 净利润 | $1.1B | $327.0M |
| 毛利率 | 61.4% | 17.4% |
| 营业利润率 | — | 11.3% |
| 净利率 | 34.7% | 7.8% |
| 营收同比 | 7.2% | -3.5% |
| 净利润同比 | 39.0% | 15.1% |
| 每股收益（稀释后） | $8.68 | $2.54 |
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KLACLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $3.3B | $4.4B | ||
| Q3 25 | $3.2B | $4.2B | ||
| Q2 25 | $3.2B | $4.2B | ||
| Q1 25 | $3.1B | $4.3B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.8B | $4.2B | ||
| Q2 24 | $2.6B | $4.1B |
净利润KLACLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $1.1B | $367.0M | ||
| Q3 25 | $1.1B | $391.0M | ||
| Q2 25 | $1.2B | $363.0M | ||
| Q1 25 | $1.1B | $284.0M | ||
| Q4 24 | $824.5M | — | ||
| Q3 24 | $945.9M | $364.0M | ||
| Q2 24 | $836.4M | $322.0M |
毛利率KLACLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | 61.4% | 18.0% | ||
| Q3 25 | 61.3% | 18.0% | ||
| Q2 25 | 62.0% | 17.5% | ||
| Q1 25 | 61.6% | 15.6% | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 59.6% | 17.8% | ||
| Q2 24 | 60.7% | 16.6% |
营业利润率KLACLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | 41.9% | 12.5% | ||
| Q1 25 | 41.3% | 9.7% | ||
| Q4 24 | 31.6% | — | ||
| Q3 24 | 38.0% | 12.4% | ||
| Q2 24 | 36.8% | 11.6% |
净利率KLACLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 34.7% | 8.2% | ||
| Q3 25 | 34.9% | 9.2% | ||
| Q2 25 | 37.9% | 8.6% | ||
| Q1 25 | 35.5% | 6.5% | ||
| Q4 24 | 26.8% | — | ||
| Q3 24 | 33.3% | 8.7% | ||
| Q2 24 | 32.6% | 7.8% |
每股收益（稀释后）KLACLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $8.68 | $2.82 | ||
| Q3 25 | $8.47 | $3.01 | ||
| Q2 25 | $9.04 | $2.77 | ||
| Q1 25 | $8.16 | $2.10 | ||
| Q4 24 | $6.16 | — | ||
| Q3 24 | $7.01 | $2.68 | ||
| Q2 24 | $6.16 | $2.37 |
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 | $1.1B |
| 总债务越低越好 | $5.9B | $4.6B |
| 股东权益账面价值 | $5.5B | $4.9B |
| 总资产 | $16.7B | $13.5B |
| 负债/权益比越低杠杆越低 | 1.08× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资KLACLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.5B | $974.0M | ||
| Q3 25 | $1.9B | $930.0M | ||
| Q2 25 | $2.1B | $842.0M | ||
| Q1 25 | $1.9B | $943.0M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.0B | $823.0M |
总债务KLACLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $5.9B | $4.6B | ||
| Q3 25 | $5.9B | $5.0B | ||
| Q2 25 | $5.9B | $5.0B | ||
| Q1 25 | $5.9B | $4.1B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.9B | $4.1B | ||
| Q2 24 | $5.9B | $4.1B |
股东权益KLACLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $5.5B | $4.9B | ||
| Q3 25 | $5.0B | $4.7B | ||
| Q2 25 | $4.7B | $4.3B | ||
| Q1 25 | $4.0B | $4.4B | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.6B | $4.6B | ||
| Q2 24 | $3.4B | $4.5B |
总资产KLACLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $16.7B | $13.5B | ||
| Q3 25 | $16.3B | $13.5B | ||
| Q2 25 | $16.1B | $13.2B | ||
| Q1 25 | $15.2B | $13.1B | ||
| Q4 24 | $15.0B | — | ||
| Q3 24 | $15.7B | $13.3B | ||
| Q2 24 | $15.4B | $12.9B |
负债/权益比KLACLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 1.08× | 0.94× | ||
| Q3 25 | 1.18× | 1.07× | ||
| Q2 25 | 1.25× | 1.18× | ||
| Q1 25 | 1.47× | 0.92× | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.65× | 0.88× | ||
| Q2 24 | 1.75× | 0.92× |
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 | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $452.0M |
| 自由现金流率自由现金流/营收 | 38.3% | 10.8% |
| 资本支出强度资本支出/营收 | 3.2% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.51× |
| 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KLACLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.2B | $711.0M | ||
| Q2 25 | $1.2B | $58.0M | ||
| Q1 25 | $1.1B | $299.0M | ||
| Q4 24 | $849.5M | — | ||
| Q3 24 | $995.2M | $656.0M | ||
| Q2 24 | $892.6M | $374.0M |
自由现金流KLACLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $680.0M | ||
| Q2 25 | $1.1B | $36.0M | ||
| Q1 25 | $990.0M | $213.0M | ||
| Q4 24 | $757.2M | — | ||
| Q3 24 | $934.8M | $633.0M | ||
| Q2 24 | $831.9M | $351.0M |
自由现金流率KLACLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 38.3% | — | ||
| Q3 25 | 33.2% | 16.1% | ||
| Q2 25 | 33.5% | 0.9% | ||
| Q1 25 | 32.3% | 4.9% | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 32.9% | 15.2% | ||
| Q2 24 | 32.4% | 8.5% |
资本支出强度KLACLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 3.0% | 0.7% | ||
| Q2 25 | 3.2% | 0.5% | ||
| Q1 25 | 2.7% | 2.0% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.1% | 0.6% | ||
| Q2 24 | 2.4% | 0.6% |
现金转化率KLACLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.04× | 1.82× | ||
| Q2 25 | 0.97× | 0.16× | ||
| Q1 25 | 0.99× | 1.05× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.05× | 1.80× | ||
| Q2 24 | 1.07× | 1.16× |
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
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% |
LDOS
| US Do D And US Intelligence Community | $1.4B | 32% |
| Cost Reimbursement And Fixed Price Incentive Fee | $1.0B | 24% |
| Commercial And International Segment | $609.0M | 15% |
| Defense Systems Segment | $546.0M | 13% |
| Other | $358.0M | 9% |
| Time And Materials And Fixed Price Level Of Effort | $295.0M | 7% |
| Commercial And Non US Customers | $38.0M | 1% |
