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KLA Corporation（KLAC）与Tennessee Valley Authority（TVE）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Tennessee Valley Authority的1.1倍（$3.3B vs $3.0B），KLA Corporation净利率更高（34.7% vs 8.7%，领先26.0%），KLA Corporation同比增速更快（7.2% vs 4.4%），KLA Corporation自由现金流更多（$1.3B vs $-814.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs -1.7%）
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。
田纳西河流域管理局（TVA）是美国联邦政府所有的电力公用事业企业，服务范围覆盖田纳西州全境，以及阿拉巴马州、密西西比州、肯塔基州的部分区域，还涵盖佐治亚州、北卡罗来纳州、弗吉尼亚州的小块区域。该企业虽归属联邦政府，但不依赖纳税人资金运营，运营模式与私营盈利企业类似，总部位于田纳西州诺克斯维尔。
KLAC vs TVE — 直观对比
营收规模更大
KLAC
是对方的1.1倍
$3.0B
营收增速更快
KLAC
高出2.7%
4.4%
净利率更高
KLAC
高出26.0%
8.7%
自由现金流更多
KLAC
多$2.1B
$-814.0M
两年增速更快
KLAC
近两年复合增速
-1.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.0B |
| 净利润 | $1.1B | $266.0M |
| 毛利率 | 61.4% | — |
| 营业利润率 | — | 18.1% |
| 净利率 | 34.7% | 8.7% |
| 营收同比 | 7.2% | 4.4% |
| 净利润同比 | 39.0% | 112.8% |
| 每股收益（稀释后） | $8.68 | — |
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KLACTVE
| Q4 25 | $3.3B | $3.0B | ||
| Q3 25 | $3.2B | $3.9B | ||
| Q2 25 | $3.2B | $3.3B | ||
| Q1 25 | $3.1B | $3.5B | ||
| Q4 24 | $3.1B | $2.9B | ||
| Q3 24 | $2.8B | $3.5B | ||
| Q2 24 | $2.6B | $2.9B | ||
| Q1 24 | $2.4B | $3.2B |
净利润KLACTVE
| Q4 25 | $1.1B | $266.0M | ||
| Q3 25 | $1.1B | $615.0M | ||
| Q2 25 | $1.2B | $212.0M | ||
| Q1 25 | $1.1B | $408.0M | ||
| Q4 24 | $824.5M | $125.0M | ||
| Q3 24 | $945.9M | $520.0M | ||
| Q2 24 | $836.4M | $181.0M | ||
| Q1 24 | $601.5M | $307.0M |
毛利率KLACTVE
| Q4 25 | 61.4% | — | ||
| Q3 25 | 61.3% | — | ||
| Q2 25 | 62.0% | — | ||
| Q1 25 | 61.6% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 59.6% | — | ||
| Q2 24 | 60.7% | — | ||
| Q1 24 | 57.9% | — |
营业利润率KLACTVE
| Q4 25 | — | 18.1% | ||
| Q3 25 | — | 23.6% | ||
| Q2 25 | 41.9% | 15.6% | ||
| Q1 25 | 41.3% | 20.3% | ||
| Q4 24 | 31.6% | 14.1% | ||
| Q3 24 | 38.0% | 22.7% | ||
| Q2 24 | 36.8% | 15.9% | ||
| Q1 24 | 29.7% | 18.4% |
净利率KLACTVE
| Q4 25 | 34.7% | 8.7% | ||
| Q3 25 | 34.9% | 15.7% | ||
| Q2 25 | 37.9% | 6.4% | ||
| Q1 25 | 35.5% | 11.6% | ||
| Q4 24 | 26.8% | 4.3% | ||
| Q3 24 | 33.3% | 14.8% | ||
| Q2 24 | 32.6% | 6.3% | ||
| Q1 24 | 25.5% | 9.7% |
每股收益（稀释后）KLACTVE
| Q4 25 | $8.68 | — | ||
| Q3 25 | $8.47 | — | ||
| Q2 25 | $9.04 | — | ||
| Q1 25 | $8.16 | — | ||
| Q4 24 | $6.16 | — | ||
| Q3 24 | $7.01 | — | ||
| Q2 24 | $6.16 | — | ||
| Q1 24 | $4.43 | — |
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 | $501.0M |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $5.5B | — |
| 总资产 | $16.7B | $59.5B |
| 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KLACTVE
| Q4 25 | $2.5B | $501.0M | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $2.1B | $501.0M | ||
| Q1 25 | $1.9B | $502.0M | ||
| Q4 24 | $1.8B | $507.0M | ||
| Q3 24 | $2.0B | $502.0M | ||
| Q2 24 | $2.0B | $501.0M | ||
| Q1 24 | $1.8B | $508.0M |
总债务KLACTVE
| Q4 25 | $5.9B | — | ||
| Q3 25 | $5.9B | $22.1B | ||
| Q2 25 | $5.9B | — | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.9B | $19.1B | ||
| Q2 24 | $5.9B | — | ||
| Q1 24 | $5.9B | — |
股东权益KLACTVE
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.7B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.1B | — |
总资产KLACTVE
| Q4 25 | $16.7B | $59.5B | ||
| Q3 25 | $16.3B | $60.9B | ||
| Q2 25 | $16.1B | $59.9B | ||
| Q1 25 | $15.2B | $59.3B | ||
| Q4 24 | $15.0B | $58.4B | ||
| Q3 24 | $15.7B | $57.7B | ||
| Q2 24 | $15.4B | $56.2B | ||
| Q1 24 | $15.0B | $52.3B |
负债/权益比KLACTVE
| 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 | $330.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-814.0M |
| 自由现金流率自由现金流/营收 | 38.3% | -26.7% |
| 资本支出强度资本支出/营收 | 3.2% | 37.5% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.24× |
| 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KLACTVE
| Q4 25 | $1.4B | $330.0M | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $615.0M | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $849.5M | $450.0M | ||
| Q3 24 | $995.2M | $1.1B | ||
| Q2 24 | $892.6M | $508.0M | ||
| Q1 24 | $910.0M | $1.0B |
自由现金流KLACTVE
| Q4 25 | $1.3B | $-814.0M | ||
| Q3 25 | $1.1B | $233.0M | ||
| Q2 25 | $1.1B | $-431.0M | ||
| Q1 25 | $990.0M | $-176.0M | ||
| Q4 24 | $757.2M | $-759.0M | ||
| Q3 24 | $934.8M | $164.0M | ||
| Q2 24 | $831.9M | $-248.0M | ||
| Q1 24 | $838.2M | $276.0M |
自由现金流率KLACTVE
| Q4 25 | 38.3% | -26.7% | ||
| Q3 25 | 33.2% | 6.0% | ||
| Q2 25 | 33.5% | -13.0% | ||
| Q1 25 | 32.3% | -5.0% | ||
| Q4 24 | 24.6% | -26.0% | ||
| Q3 24 | 32.9% | 4.7% | ||
| Q2 24 | 32.4% | -8.6% | ||
| Q1 24 | 35.5% | 8.8% |
资本支出强度KLACTVE
| Q4 25 | 3.2% | 37.5% | ||
| Q3 25 | 3.0% | 25.9% | ||
| Q2 25 | 3.2% | 31.6% | ||
| Q1 25 | 2.7% | 33.6% | ||
| Q4 24 | 3.0% | 41.4% | ||
| Q3 24 | 2.1% | 25.6% | ||
| Q2 24 | 2.4% | 26.3% | ||
| Q1 24 | 3.0% | 24.2% |
现金转化率KLACTVE
| Q4 25 | 1.19× | 1.24× | ||
| Q3 25 | 1.04× | 2.03× | ||
| Q2 25 | 0.97× | 2.90× | ||
| Q1 25 | 0.99× | 2.48× | ||
| Q4 24 | 1.03× | 3.60× | ||
| Q3 24 | 1.05× | 2.05× | ||
| Q2 24 | 1.07× | 2.81× | ||
| Q1 24 | 1.51× | 3.38× |
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% |
TVE
| TN | $2.0B | 65% |
| AL | $449.0M | 15% |
| MS | $266.0M | 9% |
| KY | $193.0M | 6% |
| GA | $75.0M | 2% |
| Federal Agencies And Other | $29.0M | 1% |
| NC | $23.0M | 1% |
| VA | $12.0M | 0% |
| Off System Sales Member | $2.0M | 0% |
