vs
KLA Corporation（KLAC）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
KLA Corporation的季度营收约是思佳讯的3.2倍（$3.3B vs $1.0B），KLA Corporation净利率更高（34.7% vs 7.6%，领先27.1%），思佳讯同比增速更快（8.6% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $339.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
KLAC vs SWKS — 直观对比
营收规模更大
KLAC
是对方的3.2倍
$1.0B
营收增速更快
SWKS
高出1.5%
7.2%
净利率更高
KLAC
高出27.1%
7.6%
自由现金流更多
KLAC
多$923.0M
$339.0M
两年增速更快
KLAC
近两年复合增速
-0.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.0B |
| 净利润 | $1.1B | $79.2M |
| 毛利率 | 61.4% | 41.3% |
| 营业利润率 | — | 10.0% |
| 净利率 | 34.7% | 7.6% |
| 营收同比 | 7.2% | 8.6% |
| 净利润同比 | 39.0% | 15.3% |
| 每股收益（稀释后） | $8.68 | $0.53 |
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KLACSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $3.3B | $1.1B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | $965.0M | ||
| Q1 25 | $3.1B | $953.2M | ||
| Q4 24 | $3.1B | $1.1B | ||
| Q3 24 | $2.8B | $1.0B | ||
| Q2 24 | $2.6B | $905.5M |
净利润KLACSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $1.1B | $141.4M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.2B | $105.0M | ||
| Q1 25 | $1.1B | $68.7M | ||
| Q4 24 | $824.5M | $162.0M | ||
| Q3 24 | $945.9M | $60.5M | ||
| Q2 24 | $836.4M | $120.9M |
毛利率KLACSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 61.4% | 40.7% | ||
| Q3 25 | 61.3% | — | ||
| Q2 25 | 62.0% | 41.6% | ||
| Q1 25 | 61.6% | 41.1% | ||
| Q4 24 | 60.3% | 41.4% | ||
| Q3 24 | 59.6% | 41.9% | ||
| Q2 24 | 60.7% | 40.2% |
营业利润率KLACSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | 41.9% | 11.5% | ||
| Q1 25 | 41.3% | 10.2% | ||
| Q4 24 | 31.6% | 16.9% | ||
| Q3 24 | 38.0% | 5.8% | ||
| Q2 24 | 36.8% | 14.4% |
净利率KLACSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 34.7% | 12.9% | ||
| Q3 25 | 34.9% | — | ||
| Q2 25 | 37.9% | 10.9% | ||
| Q1 25 | 35.5% | 7.2% | ||
| Q4 24 | 26.8% | 15.2% | ||
| Q3 24 | 33.3% | 5.9% | ||
| Q2 24 | 32.6% | 13.4% |
每股收益（稀释后）KLACSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $8.68 | $0.95 | ||
| Q3 25 | $8.47 | — | ||
| Q2 25 | $9.04 | $0.70 | ||
| Q1 25 | $8.16 | $0.43 | ||
| Q4 24 | $6.16 | $1.00 | ||
| Q3 24 | $7.01 | $0.36 | ||
| Q2 24 | $6.16 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $5.9B | $496.6M |
| 股东权益账面价值 | $5.5B | $5.8B |
| 总资产 | $16.7B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.08× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资KLACSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.0B | $1.3B |
总债务KLACSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $5.9B | $496.4M | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $5.9B | $496.2M | ||
| Q1 25 | $5.9B | $995.1M | ||
| Q4 24 | $5.9B | $994.7M | ||
| Q3 24 | $5.9B | $994.3M | ||
| Q2 24 | $5.9B | $994.0M |
股东权益KLACSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $5.5B | $5.8B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.7B | $5.7B | ||
| Q1 25 | $4.0B | $5.9B | ||
| Q4 24 | $3.6B | $6.4B | ||
| Q3 24 | $3.6B | $6.3B | ||
| Q2 24 | $3.4B | $6.3B |
总资产KLACSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $16.7B | $7.9B | ||
| Q3 25 | $16.3B | — | ||
| Q2 25 | $16.1B | $7.7B | ||
| Q1 25 | $15.2B | $7.9B | ||
| Q4 24 | $15.0B | $8.3B | ||
| Q3 24 | $15.7B | $8.3B | ||
| Q2 24 | $15.4B | $8.2B |
负债/权益比KLACSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 1.08× | 0.09× | ||
| Q3 25 | 1.18× | — | ||
| Q2 25 | 1.25× | 0.09× | ||
| Q1 25 | 1.47× | 0.17× | ||
| Q4 24 | 1.64× | 0.16× | ||
| Q3 24 | 1.65× | 0.16× | ||
| Q2 24 | 1.75× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $339.0M |
| 自由现金流率自由现金流/营收 | 38.3% | 32.7% |
| 资本支出强度资本支出/营收 | 3.2% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.19× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $1.1B |
8季度趋势，按日历期对齐
经营现金流KLACSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $1.4B | $200.0M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $314.2M | ||
| Q1 25 | $1.1B | $409.4M | ||
| Q4 24 | $849.5M | $377.2M | ||
| Q3 24 | $995.2M | $476.1M | ||
| Q2 24 | $892.6M | $273.4M |
自由现金流KLACSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $1.3B | $144.0M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | $252.7M | ||
| Q1 25 | $990.0M | $370.9M | ||
| Q4 24 | $757.2M | $338.2M | ||
| Q3 24 | $934.8M | $393.3M | ||
| Q2 24 | $831.9M | $249.0M |
自由现金流率KLACSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 38.3% | 13.1% | ||
| Q3 25 | 33.2% | — | ||
| Q2 25 | 33.5% | 26.2% | ||
| Q1 25 | 32.3% | 38.9% | ||
| Q4 24 | 24.6% | 31.7% | ||
| Q3 24 | 32.9% | 38.4% | ||
| Q2 24 | 32.4% | 27.5% |
资本支出强度KLACSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 3.2% | 5.1% | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 3.2% | 6.4% | ||
| Q1 25 | 2.7% | 4.0% | ||
| Q4 24 | 3.0% | 3.6% | ||
| Q3 24 | 2.1% | 8.1% | ||
| Q2 24 | 2.4% | 2.7% |
现金转化率KLACSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.19× | 1.41× | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | 0.97× | 2.99× | ||
| Q1 25 | 0.99× | 5.96× | ||
| Q4 24 | 1.03× | 2.33× | ||
| Q3 24 | 1.05× | 7.87× | ||
| Q2 24 | 1.07× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
