vs
KLA Corporation（KLAC）与皇家加勒比集团（RCL）财务数据对比。点击上方公司名可切换其他公司
皇家加勒比集团的季度营收约是KLA Corporation的1.3倍（$4.3B vs $3.3B），KLA Corporation净利率更高（34.7% vs 17.7%，领先17.1%），皇家加勒比集团同比增速更快（13.3% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $116.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 6.9%）
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。
皇家加勒比集团前身为皇家加勒比邮轮有限公司，是仅次于嘉年华公司的全球第二大邮轮运营商。集团总部位于美国佛罗里达州迈阿密，在利比里亚注册，目前全资拥有皇家加勒比国际游轮、名人邮轮、银海邮轮三大品牌，还持有途易邮轮50%的股份。
KLAC vs RCL — 直观对比
营收规模更大
RCL
是对方的1.3倍
$3.3B
营收增速更快
RCL
高出6.1%
7.2%
净利率更高
KLAC
高出17.1%
17.7%
自由现金流更多
KLAC
多$1.1B
$116.0M
两年增速更快
KLAC
近两年复合增速
6.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.3B |
| 净利润 | $1.1B | $753.0M |
| 毛利率 | 61.4% | 47.4% |
| 营业利润率 | — | 21.9% |
| 净利率 | 34.7% | 17.7% |
| 营收同比 | 7.2% | 13.3% |
| 净利润同比 | 39.0% | 36.4% |
| 每股收益（稀释后） | $8.68 | $2.76 |
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KLACRCL
| Q4 25 | $3.3B | $4.3B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $3.1B | $4.0B | ||
| Q4 24 | $3.1B | $3.8B | ||
| Q3 24 | $2.8B | $4.9B | ||
| Q2 24 | $2.6B | $4.1B | ||
| Q1 24 | $2.4B | $3.7B |
净利润KLACRCL
| Q4 25 | $1.1B | $753.0M | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $730.0M | ||
| Q4 24 | $824.5M | $552.0M | ||
| Q3 24 | $945.9M | $1.1B | ||
| Q2 24 | $836.4M | $854.0M | ||
| Q1 24 | $601.5M | $360.0M |
毛利率KLACRCL
| Q4 25 | 61.4% | 47.4% | ||
| Q3 25 | 61.3% | 51.8% | ||
| Q2 25 | 62.0% | 49.7% | ||
| Q1 25 | 61.6% | 48.0% | ||
| Q4 24 | 60.3% | 45.4% | ||
| Q3 24 | 59.6% | 51.1% | ||
| Q2 24 | 60.7% | 47.6% | ||
| Q1 24 | 57.9% | 44.8% |
营业利润率KLACRCL
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | 41.9% | 29.3% | ||
| Q1 25 | 41.3% | 23.6% | ||
| Q4 24 | 31.6% | 16.6% | ||
| Q3 24 | 38.0% | 33.4% | ||
| Q2 24 | 36.8% | 26.7% | ||
| Q1 24 | 29.7% | 20.1% |
净利率KLACRCL
| Q4 25 | 34.7% | 17.7% | ||
| Q3 25 | 34.9% | 30.6% | ||
| Q2 25 | 37.9% | 26.7% | ||
| Q1 25 | 35.5% | 18.3% | ||
| Q4 24 | 26.8% | 14.7% | ||
| Q3 24 | 33.3% | 22.7% | ||
| Q2 24 | 32.6% | 20.8% | ||
| Q1 24 | 25.5% | 9.7% |
每股收益（稀释后）KLACRCL
| Q4 25 | $8.68 | $2.76 | ||
| Q3 25 | $8.47 | $5.74 | ||
| Q2 25 | $9.04 | $4.41 | ||
| Q1 25 | $8.16 | $2.70 | ||
| Q4 24 | $6.16 | $2.27 | ||
| Q3 24 | $7.01 | $4.21 | ||
| Q2 24 | $6.16 | $3.11 | ||
| Q1 24 | $4.43 | $1.35 |
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 | $825.0M |
| 总债务越低越好 | $5.9B | $18.2B |
| 股东权益账面价值 | $5.5B | $10.0B |
| 总资产 | $16.7B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.08× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资KLACRCL
| Q4 25 | $2.5B | $825.0M | ||
| Q3 25 | $1.9B | $432.0M | ||
| Q2 25 | $2.1B | $735.0M | ||
| Q1 25 | $1.9B | $386.0M | ||
| Q4 24 | $1.8B | $388.0M | ||
| Q3 24 | $2.0B | $418.0M | ||
| Q2 24 | $2.0B | $391.0M | ||
| Q1 24 | $1.8B | $437.0M |
总债务KLACRCL
| Q4 25 | $5.9B | $18.2B | ||
| Q3 25 | $5.9B | $17.2B | ||
| Q2 25 | $5.9B | $17.6B | ||
| Q1 25 | $5.9B | $18.0B | ||
| Q4 24 | $5.9B | $18.5B | ||
| Q3 24 | $5.9B | $19.0B | ||
| Q2 24 | $5.9B | $19.8B | ||
| Q1 24 | $5.9B | $18.9B |
股东权益KLACRCL
| Q4 25 | $5.5B | $10.0B | ||
| Q3 25 | $5.0B | $10.1B | ||
| Q2 25 | $4.7B | $9.2B | ||
| Q1 25 | $4.0B | $8.0B | ||
| Q4 24 | $3.6B | $7.6B | ||
| Q3 24 | $3.6B | $7.0B | ||
| Q2 24 | $3.4B | $6.0B | ||
| Q1 24 | $3.1B | $5.2B |
总资产KLACRCL
| Q4 25 | $16.7B | $41.6B | ||
| Q3 25 | $16.3B | $40.1B | ||
| Q2 25 | $16.1B | $38.5B | ||
| Q1 25 | $15.2B | $37.5B | ||
| Q4 24 | $15.0B | $37.1B | ||
| Q3 24 | $15.7B | $37.1B | ||
| Q2 24 | $15.4B | $37.0B | ||
| Q1 24 | $15.0B | $35.2B |
负债/权益比KLACRCL
| Q4 25 | 1.08× | 1.81× | ||
| Q3 25 | 1.18× | 1.70× | ||
| Q2 25 | 1.25× | 1.92× | ||
| Q1 25 | 1.47× | 2.26× | ||
| Q4 24 | 1.64× | 2.44× | ||
| Q3 24 | 1.65× | 2.69× | ||
| Q2 24 | 1.75× | 3.29× | ||
| Q1 24 | 1.90× | 3.66× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $116.0M |
| 自由现金流率自由现金流/营收 | 38.3% | 2.7% |
| 资本支出强度资本支出/营收 | 3.2% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.19× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $1.2B |
8季度趋势，按日历期对齐
经营现金流KLACRCL
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $849.5M | $1.5B | ||
| Q3 24 | $995.2M | $897.0M | ||
| Q2 24 | $892.6M | $1.6B | ||
| Q1 24 | $910.0M | $1.3B |
自由现金流KLACRCL
| Q4 25 | $1.3B | $116.0M | ||
| Q3 25 | $1.1B | $-989.0M | ||
| Q2 25 | $1.1B | $910.0M | ||
| Q1 25 | $990.0M | $1.2B | ||
| Q4 24 | $757.2M | $915.0M | ||
| Q3 24 | $934.8M | $563.0M | ||
| Q2 24 | $831.9M | $-567.0M | ||
| Q1 24 | $838.2M | $1.1B |
自由现金流率KLACRCL
| Q4 25 | 38.3% | 2.7% | ||
| Q3 25 | 33.2% | -19.2% | ||
| Q2 25 | 33.5% | 20.1% | ||
| Q1 25 | 32.3% | 30.0% | ||
| Q4 24 | 24.6% | 24.3% | ||
| Q3 24 | 32.9% | 11.5% | ||
| Q2 24 | 32.4% | -13.8% | ||
| Q1 24 | 35.5% | 29.1% |
资本支出强度KLACRCL
| Q4 25 | 3.2% | 35.4% | ||
| Q3 25 | 3.0% | 47.8% | ||
| Q2 25 | 3.2% | 18.4% | ||
| Q1 25 | 2.7% | 10.7% | ||
| Q4 24 | 3.0% | 14.7% | ||
| Q3 24 | 2.1% | 6.8% | ||
| Q2 24 | 2.4% | 52.1% | ||
| Q1 24 | 3.0% | 6.5% |
现金转化率KLACRCL
| Q4 25 | 1.19× | 2.16× | ||
| Q3 25 | 1.04× | 0.93× | ||
| Q2 25 | 0.97× | 1.44× | ||
| Q1 25 | 0.99× | 2.23× | ||
| Q4 24 | 1.03× | 2.66× | ||
| Q3 24 | 1.05× | 0.81× | ||
| Q2 24 | 1.07× | 1.84× | ||
| Q1 24 | 1.51× | 3.69× |
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% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
