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KLA Corporation（KLAC）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
KLA Corporation的季度营收约是泰瑞达的3.0倍（$3.3B vs $1.1B），KLA Corporation净利率更高（34.7% vs 23.7%，领先11.0%），泰瑞达同比增速更快（43.9% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $218.8M），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
KLAC vs TER — 直观对比
营收规模更大
KLAC
是对方的3.0倍
$1.1B
营收增速更快
TER
高出36.7%
7.2%
净利率更高
KLAC
高出11.0%
23.7%
自由现金流更多
KLAC
多$1.0B
$218.8M
两年增速更快
TER
近两年复合增速
18.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.1B |
| 净利润 | $1.1B | $257.2M |
| 毛利率 | 61.4% | 57.2% |
| 营业利润率 | — | 27.1% |
| 净利率 | 34.7% | 23.7% |
| 营收同比 | 7.2% | 43.9% |
| 净利润同比 | 39.0% | 75.9% |
| 每股收益（稀释后） | $8.68 | $1.62 |
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KLACTER
| Q4 25 | $3.3B | $1.1B | ||
| Q3 25 | $3.2B | $769.2M | ||
| Q2 25 | $3.2B | $651.8M | ||
| Q1 25 | $3.1B | $685.7M | ||
| Q4 24 | $3.1B | $752.9M | ||
| Q3 24 | $2.8B | $737.3M | ||
| Q2 24 | $2.6B | $729.9M | ||
| Q1 24 | $2.4B | $599.8M |
净利润KLACTER
| Q4 25 | $1.1B | $257.2M | ||
| Q3 25 | $1.1B | $119.6M | ||
| Q2 25 | $1.2B | $78.4M | ||
| Q1 25 | $1.1B | $98.9M | ||
| Q4 24 | $824.5M | $146.3M | ||
| Q3 24 | $945.9M | $145.6M | ||
| Q2 24 | $836.4M | $186.3M | ||
| Q1 24 | $601.5M | $64.2M |
毛利率KLACTER
| Q4 25 | 61.4% | 57.2% | ||
| Q3 25 | 61.3% | 58.4% | ||
| Q2 25 | 62.0% | 57.2% | ||
| Q1 25 | 61.6% | 60.6% | ||
| Q4 24 | 60.3% | 59.4% | ||
| Q3 24 | 59.6% | 59.2% | ||
| Q2 24 | 60.7% | 58.3% | ||
| Q1 24 | 57.9% | 56.6% |
营业利润率KLACTER
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | 41.9% | 13.9% | ||
| Q1 25 | 41.3% | 17.6% | ||
| Q4 24 | 31.6% | 20.4% | ||
| Q3 24 | 38.0% | 20.6% | ||
| Q2 24 | 36.8% | 28.8% | ||
| Q1 24 | 29.7% | 13.0% |
净利率KLACTER
| Q4 25 | 34.7% | 23.7% | ||
| Q3 25 | 34.9% | 15.5% | ||
| Q2 25 | 37.9% | 12.0% | ||
| Q1 25 | 35.5% | 14.4% | ||
| Q4 24 | 26.8% | 19.4% | ||
| Q3 24 | 33.3% | 19.8% | ||
| Q2 24 | 32.6% | 25.5% | ||
| Q1 24 | 25.5% | 10.7% |
每股收益（稀释后）KLACTER
| Q4 25 | $8.68 | $1.62 | ||
| Q3 25 | $8.47 | $0.75 | ||
| Q2 25 | $9.04 | $0.49 | ||
| Q1 25 | $8.16 | $0.61 | ||
| Q4 24 | $6.16 | $0.89 | ||
| Q3 24 | $7.01 | $0.89 | ||
| Q2 24 | $6.16 | $1.14 | ||
| Q1 24 | $4.43 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $5.5B | $2.8B |
| 总资产 | $16.7B | $4.2B |
| 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KLACTER
| Q4 25 | $2.5B | $293.8M | ||
| Q3 25 | $1.9B | $272.7M | ||
| Q2 25 | $2.1B | $339.3M | ||
| Q1 25 | $1.9B | $475.6M | ||
| Q4 24 | $1.8B | $553.4M | ||
| Q3 24 | $2.0B | $510.0M | ||
| Q2 24 | $2.0B | $421.9M | ||
| Q1 24 | $1.8B | $707.4M |
总债务KLACTER
| 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KLACTER
| Q4 25 | $5.5B | $2.8B | ||
| Q3 25 | $5.0B | $2.7B | ||
| Q2 25 | $4.7B | $2.8B | ||
| Q1 25 | $4.0B | $2.8B | ||
| Q4 24 | $3.6B | $2.8B | ||
| Q3 24 | $3.6B | $2.9B | ||
| Q2 24 | $3.4B | $2.7B | ||
| Q1 24 | $3.1B | $2.6B |
总资产KLACTER
| Q4 25 | $16.7B | $4.2B | ||
| Q3 25 | $16.3B | $4.0B | ||
| Q2 25 | $16.1B | $3.8B | ||
| Q1 25 | $15.2B | $3.7B | ||
| Q4 24 | $15.0B | $3.7B | ||
| Q3 24 | $15.7B | $3.8B | ||
| Q2 24 | $15.4B | $3.6B | ||
| Q1 24 | $15.0B | $3.4B |
负债/权益比KLACTER
| 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 | $1.4B | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $218.8M |
| 自由现金流率自由现金流/营收 | 38.3% | 20.2% |
| 资本支出强度资本支出/营收 | 3.2% | 5.8% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $450.4M |
8季度趋势，按日历期对齐
经营现金流KLACTER
| Q4 25 | $1.4B | $281.6M | ||
| Q3 25 | $1.2B | $49.0M | ||
| Q2 25 | $1.2B | $182.1M | ||
| Q1 25 | $1.1B | $161.6M | ||
| Q4 24 | $849.5M | $282.6M | ||
| Q3 24 | $995.2M | $166.3M | ||
| Q2 24 | $892.6M | $216.1M | ||
| Q1 24 | $910.0M | $7.3M |
自由现金流KLACTER
| Q4 25 | $1.3B | $218.8M | ||
| Q3 25 | $1.1B | $2.4M | ||
| Q2 25 | $1.1B | $131.7M | ||
| Q1 25 | $990.0M | $97.6M | ||
| Q4 24 | $757.2M | $225.2M | ||
| Q3 24 | $934.8M | $114.4M | ||
| Q2 24 | $831.9M | $171.2M | ||
| Q1 24 | $838.2M | $-36.7M |
自由现金流率KLACTER
| Q4 25 | 38.3% | 20.2% | ||
| Q3 25 | 33.2% | 0.3% | ||
| Q2 25 | 33.5% | 20.2% | ||
| Q1 25 | 32.3% | 14.2% | ||
| Q4 24 | 24.6% | 29.9% | ||
| Q3 24 | 32.9% | 15.5% | ||
| Q2 24 | 32.4% | 23.5% | ||
| Q1 24 | 35.5% | -6.1% |
资本支出强度KLACTER
| Q4 25 | 3.2% | 5.8% | ||
| Q3 25 | 3.0% | 6.1% | ||
| Q2 25 | 3.2% | 7.7% | ||
| Q1 25 | 2.7% | 9.3% | ||
| Q4 24 | 3.0% | 7.6% | ||
| Q3 24 | 2.1% | 7.0% | ||
| Q2 24 | 2.4% | 6.1% | ||
| Q1 24 | 3.0% | 7.3% |
现金转化率KLACTER
| Q4 25 | 1.19× | 1.09× | ||
| Q3 25 | 1.04× | 0.41× | ||
| Q2 25 | 0.97× | 2.32× | ||
| Q1 25 | 0.99× | 1.63× | ||
| Q4 24 | 1.03× | 1.93× | ||
| Q3 24 | 1.05× | 1.14× | ||
| Q2 24 | 1.07× | 1.16× | ||
| Q1 24 | 1.51× | 0.11× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
