vs
KLA Corporation（KLAC）与南方铜业（SCCO）财务数据对比。点击上方公司名可切换其他公司
南方铜业的季度营收约是KLA Corporation的1.2倍（$3.9B vs $3.3B），KLA Corporation净利率更高（34.7% vs 33.9%，领先0.9%），南方铜业同比增速更快（39.0% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $1.1B），过去两年南方铜业的营收复合增速更高（22.0% vs 18.2%）
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。
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
KLAC vs SCCO — 直观对比
营收规模更大
SCCO
是对方的1.2倍
$3.3B
营收增速更快
SCCO
高出31.8%
7.2%
净利率更高
KLAC
高出0.9%
33.9%
自由现金流更多
KLAC
多$190.3M
$1.1B
两年增速更快
SCCO
近两年复合增速
18.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.9B |
| 净利润 | $1.1B | $1.3B |
| 毛利率 | 61.4% | 62.0% |
| 营业利润率 | — | 54.5% |
| 净利率 | 34.7% | 33.9% |
| 营收同比 | 7.2% | 39.0% |
| 净利润同比 | 39.0% | 64.7% |
| 每股收益（稀释后） | $8.68 | $1.49 |
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KLACSCCO
| Q4 25 | $3.3B | $3.9B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | $3.2B | $3.1B | ||
| Q1 25 | $3.1B | $3.1B | ||
| Q4 24 | $3.1B | $2.8B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $2.6B | $3.1B | ||
| Q1 24 | $2.4B | $2.6B |
净利润KLACSCCO
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.2B | $976.7M | ||
| Q1 25 | $1.1B | $949.1M | ||
| Q4 24 | $824.5M | $796.2M | ||
| Q3 24 | $945.9M | $899.8M | ||
| Q2 24 | $836.4M | $953.8M | ||
| Q1 24 | $601.5M | $738.8M |
毛利率KLACSCCO
| Q4 25 | 61.4% | 62.0% | ||
| Q3 25 | 61.3% | 59.8% | ||
| Q2 25 | 62.0% | 60.3% | ||
| Q1 25 | 61.6% | 57.7% | ||
| Q4 24 | 60.3% | 56.5% | ||
| Q3 24 | 59.6% | 58.3% | ||
| Q2 24 | 60.7% | 59.9% | ||
| Q1 24 | 57.9% | 55.5% |
营业利润率KLACSCCO
| Q4 25 | — | 54.5% | ||
| Q3 25 | — | 52.4% | ||
| Q2 25 | 41.9% | 52.0% | ||
| Q1 25 | 41.3% | 49.2% | ||
| Q4 24 | 31.6% | 47.0% | ||
| Q3 24 | 38.0% | 49.5% | ||
| Q2 24 | 36.8% | 51.5% | ||
| Q1 24 | 29.7% | 45.8% |
净利率KLACSCCO
| Q4 25 | 34.7% | 33.9% | ||
| Q3 25 | 34.9% | 32.9% | ||
| Q2 25 | 37.9% | 32.0% | ||
| Q1 25 | 35.5% | 30.4% | ||
| Q4 24 | 26.8% | 28.6% | ||
| Q3 24 | 33.3% | 30.7% | ||
| Q2 24 | 32.6% | 30.6% | ||
| Q1 24 | 25.5% | 28.4% |
每股收益（稀释后）KLACSCCO
| Q4 25 | $8.68 | $1.49 | ||
| Q3 25 | $8.47 | $1.35 | ||
| Q2 25 | $9.04 | $1.21 | ||
| Q1 25 | $8.16 | $1.19 | ||
| Q4 24 | $6.16 | $1.02 | ||
| Q3 24 | $7.01 | $1.15 | ||
| Q2 24 | $6.16 | $1.22 | ||
| Q1 24 | $4.43 | $0.95 |
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 | $4.9B |
| 总债务越低越好 | $5.9B | $6.8B |
| 股东权益账面价值 | $5.5B | $11.0B |
| 总资产 | $16.7B | $21.4B |
| 负债/权益比越低杠杆越低 | 1.08× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资KLACSCCO
| Q4 25 | $2.5B | $4.9B | ||
| Q3 25 | $1.9B | $4.5B | ||
| Q2 25 | $2.1B | $4.0B | ||
| Q1 25 | $1.9B | $4.3B | ||
| Q4 24 | $1.8B | $3.5B | ||
| Q3 24 | $2.0B | $3.0B | ||
| Q2 24 | $2.0B | $2.2B | ||
| Q1 24 | $1.8B | $1.6B |
总债务KLACSCCO
| Q4 25 | $5.9B | $6.8B | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $5.9B | — | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $5.9B | $6.3B | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $5.9B | $6.3B | ||
| Q1 24 | $5.9B | $6.3B |
股东权益KLACSCCO
| Q4 25 | $5.5B | $11.0B | ||
| Q3 25 | $5.0B | $10.4B | ||
| Q2 25 | $4.7B | $10.0B | ||
| Q1 25 | $4.0B | $9.6B | ||
| Q4 24 | $3.6B | $9.2B | ||
| Q3 24 | $3.6B | $8.9B | ||
| Q2 24 | $3.4B | $8.5B | ||
| Q1 24 | $3.1B | $7.5B |
总资产KLACSCCO
| Q4 25 | $16.7B | $21.4B | ||
| Q3 25 | $16.3B | $20.3B | ||
| Q2 25 | $16.1B | $19.6B | ||
| Q1 25 | $15.2B | $19.8B | ||
| Q4 24 | $15.0B | $18.7B | ||
| Q3 24 | $15.7B | $18.4B | ||
| Q2 24 | $15.4B | $17.8B | ||
| Q1 24 | $15.0B | $16.8B |
负债/权益比KLACSCCO
| Q4 25 | 1.08× | 0.61× | ||
| Q3 25 | 1.18× | — | ||
| Q2 25 | 1.25× | — | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 1.64× | 0.68× | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.75× | 0.74× | ||
| Q1 24 | 1.90× | 0.83× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $1.1B |
| 自由现金流率自由现金流/营收 | 38.3% | 27.7% |
| 资本支出强度资本支出/营收 | 3.2% | 10.9% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $3.4B |
8季度趋势，按日历期对齐
经营现金流KLACSCCO
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $976.8M | ||
| Q1 25 | $1.1B | $721.4M | ||
| Q4 24 | $849.5M | $1.4B | ||
| Q3 24 | $995.2M | $1.4B | ||
| Q2 24 | $892.6M | $962.1M | ||
| Q1 24 | $910.0M | $659.7M |
自由现金流KLACSCCO
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $741.1M | ||
| Q1 25 | $990.0M | $403.6M | ||
| Q4 24 | $757.2M | $1.1B | ||
| Q3 24 | $934.8M | $1.2B | ||
| Q2 24 | $831.9M | $630.3M | ||
| Q1 24 | $838.2M | $445.9M |
自由现金流率KLACSCCO
| Q4 25 | 38.3% | 27.7% | ||
| Q3 25 | 33.2% | 35.8% | ||
| Q2 25 | 33.5% | 24.3% | ||
| Q1 25 | 32.3% | 12.9% | ||
| Q4 24 | 24.6% | 40.4% | ||
| Q3 24 | 32.9% | 40.7% | ||
| Q2 24 | 32.4% | 20.2% | ||
| Q1 24 | 35.5% | 17.2% |
资本支出强度KLACSCCO
| Q4 25 | 3.2% | 10.9% | ||
| Q3 25 | 3.0% | 10.3% | ||
| Q2 25 | 3.2% | 7.7% | ||
| Q1 25 | 2.7% | 10.2% | ||
| Q4 24 | 3.0% | 8.5% | ||
| Q3 24 | 2.1% | 8.4% | ||
| Q2 24 | 2.4% | 10.6% | ||
| Q1 24 | 3.0% | 8.2% |
现金转化率KLACSCCO
| Q4 25 | 1.19× | 1.14× | ||
| Q3 25 | 1.04× | 1.40× | ||
| Q2 25 | 0.97× | 1.00× | ||
| Q1 25 | 0.99× | 0.76× | ||
| Q4 24 | 1.03× | 1.71× | ||
| Q3 24 | 1.05× | 1.60× | ||
| Q2 24 | 1.07× | 1.01× | ||
| Q1 24 | 1.51× | 0.89× |
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% |
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
