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KLA Corporation（KLAC）与威富集团（VFC）财务数据对比。点击上方公司名可切换其他公司
KLA Corporation的季度营收约是威富集团的1.1倍（$3.3B vs $2.9B），KLA Corporation净利率更高（34.7% vs 10.5%，领先24.3%），KLA Corporation同比增速更快（7.2% vs 1.5%），KLA Corporation自由现金流更多（$1.3B vs $977.9M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 10.1%）
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。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
KLAC vs VFC — 直观对比
营收规模更大
KLAC
是对方的1.1倍
$2.9B
营收增速更快
KLAC
高出5.7%
1.5%
净利率更高
KLAC
高出24.3%
10.5%
自由现金流更多
KLAC
多$284.1M
$977.9M
两年增速更快
KLAC
近两年复合增速
10.1%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.9B |
| 净利润 | $1.1B | $300.8M |
| 毛利率 | 61.4% | 56.6% |
| 营业利润率 | — | 10.1% |
| 净利率 | 34.7% | 10.5% |
| 营收同比 | 7.2% | 1.5% |
| 净利润同比 | 39.0% | 79.3% |
| 每股收益（稀释后） | $8.68 | $0.76 |
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KLACVFC
| Q4 25 | $3.3B | $2.9B | ||
| Q3 25 | $3.2B | $2.8B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.1B | $2.0B | ||
| Q4 24 | $3.1B | $2.8B | ||
| Q3 24 | $2.8B | $2.8B | ||
| Q2 24 | $2.6B | $1.9B | ||
| Q1 24 | $2.4B | $2.4B |
净利润KLACVFC
| Q4 25 | $1.1B | $300.8M | ||
| Q3 25 | $1.1B | $189.8M | ||
| Q2 25 | $1.2B | $-116.4M | ||
| Q1 25 | $1.1B | $-150.8M | ||
| Q4 24 | $824.5M | $167.8M | ||
| Q3 24 | $945.9M | $52.2M | ||
| Q2 24 | $836.4M | $-258.9M | ||
| Q1 24 | $601.5M | $-418.3M |
毛利率KLACVFC
| Q4 25 | 61.4% | 56.6% | ||
| Q3 25 | 61.3% | 52.2% | ||
| Q2 25 | 62.0% | 53.9% | ||
| Q1 25 | 61.6% | 52.7% | ||
| Q4 24 | 60.3% | 56.3% | ||
| Q3 24 | 59.6% | 52.2% | ||
| Q2 24 | 60.7% | 52.0% | ||
| Q1 24 | 57.9% | 48.4% |
营业利润率KLACVFC
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | 41.9% | -4.9% | ||
| Q1 25 | 41.3% | 2.2% | ||
| Q4 24 | 31.6% | 8.0% | ||
| Q3 24 | 38.0% | 9.9% | ||
| Q2 24 | 36.8% | -12.6% | ||
| Q1 24 | 29.7% | -15.0% |
净利率KLACVFC
| Q4 25 | 34.7% | 10.5% | ||
| Q3 25 | 34.9% | 6.8% | ||
| Q2 25 | 37.9% | -6.6% | ||
| Q1 25 | 35.5% | -7.5% | ||
| Q4 24 | 26.8% | 5.9% | ||
| Q3 24 | 33.3% | 1.9% | ||
| Q2 24 | 32.6% | -13.6% | ||
| Q1 24 | 25.5% | -17.6% |
每股收益（稀释后）KLACVFC
| Q4 25 | $8.68 | $0.76 | ||
| Q3 25 | $8.47 | $0.48 | ||
| Q2 25 | $9.04 | $-0.30 | ||
| Q1 25 | $8.16 | $-0.37 | ||
| Q4 24 | $6.16 | $0.43 | ||
| Q3 24 | $7.01 | $0.13 | ||
| Q2 24 | $6.16 | $-0.67 | ||
| Q1 24 | $4.43 | $-1.07 |
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 | $1.5B |
| 总债务越低越好 | $5.9B | $3.6B |
| 股东权益账面价值 | $5.5B | $1.8B |
| 总资产 | $16.7B | $10.4B |
| 负债/权益比越低杠杆越低 | 1.08× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资KLACVFC
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $1.9B | $419.1M | ||
| Q2 25 | $2.1B | $642.4M | ||
| Q1 25 | $1.9B | $429.4M | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $2.0B | $492.2M | ||
| Q2 24 | $2.0B | $637.4M | ||
| Q1 24 | $1.8B | $674.6M |
总债务KLACVFC
| Q4 25 | $5.9B | $3.6B | ||
| Q3 25 | $5.9B | $3.5B | ||
| Q2 25 | $5.9B | $3.6B | ||
| Q1 25 | $5.9B | $3.4B | ||
| Q4 24 | $5.9B | $3.9B | ||
| Q3 24 | $5.9B | $4.0B | ||
| Q2 24 | $5.9B | $3.9B | ||
| Q1 24 | $5.9B | $4.7B |
股东权益KLACVFC
| Q4 25 | $5.5B | $1.8B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $4.7B | $1.3B | ||
| Q1 25 | $4.0B | $1.5B | ||
| Q4 24 | $3.6B | $1.7B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.4B | $1.4B | ||
| Q1 24 | $3.1B | $1.7B |
总资产KLACVFC
| Q4 25 | $16.7B | $10.4B | ||
| Q3 25 | $16.3B | $10.6B | ||
| Q2 25 | $16.1B | $10.2B | ||
| Q1 25 | $15.2B | $9.4B | ||
| Q4 24 | $15.0B | $10.6B | ||
| Q3 24 | $15.7B | $12.2B | ||
| Q2 24 | $15.4B | $11.5B | ||
| Q1 24 | $15.0B | $11.6B |
负债/权益比KLACVFC
| Q4 25 | 1.08× | 1.99× | ||
| Q3 25 | 1.18× | 2.40× | ||
| Q2 25 | 1.25× | 2.76× | ||
| Q1 25 | 1.47× | 2.30× | ||
| Q4 24 | 1.64× | 2.31× | ||
| Q3 24 | 1.65× | 2.86× | ||
| Q2 24 | 1.75× | 2.84× | ||
| Q1 24 | 1.90× | 2.84× |
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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $977.9M |
| 自由现金流率自由现金流/营收 | 38.3% | 34.0% |
| 资本支出强度资本支出/营收 | 3.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.19× | 3.36× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $357.6M |
8季度趋势，按日历期对齐
经营现金流KLACVFC
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.2B | $-227.0M | ||
| Q2 25 | $1.2B | $-145.5M | ||
| Q1 25 | $1.1B | $-171.1M | ||
| Q4 24 | $849.5M | $918.1M | ||
| Q3 24 | $995.2M | $-301.6M | ||
| Q2 24 | $892.6M | $19.8M | ||
| Q1 24 | $910.0M | — |
自由现金流KLACVFC
| Q4 25 | $1.3B | $977.9M | ||
| Q3 25 | $1.1B | $-253.5M | ||
| Q2 25 | $1.1B | $-173.7M | ||
| Q1 25 | $990.0M | $-193.0M | ||
| Q4 24 | $757.2M | $899.7M | ||
| Q3 24 | $934.8M | $-322.4M | ||
| Q2 24 | $831.9M | $-5.4M | ||
| Q1 24 | $838.2M | — |
自由现金流率KLACVFC
| Q4 25 | 38.3% | 34.0% | ||
| Q3 25 | 33.2% | -9.0% | ||
| Q2 25 | 33.5% | -9.9% | ||
| Q1 25 | 32.3% | -9.6% | ||
| Q4 24 | 24.6% | 31.7% | ||
| Q3 24 | 32.9% | -11.7% | ||
| Q2 24 | 32.4% | -0.3% | ||
| Q1 24 | 35.5% | — |
资本支出强度KLACVFC
| Q4 25 | 3.2% | 1.1% | ||
| Q3 25 | 3.0% | 0.9% | ||
| Q2 25 | 3.2% | 1.6% | ||
| Q1 25 | 2.7% | 1.1% | ||
| Q4 24 | 3.0% | 0.6% | ||
| Q3 24 | 2.1% | 0.8% | ||
| Q2 24 | 2.4% | 1.3% | ||
| Q1 24 | 3.0% | — |
现金转化率KLACVFC
| Q4 25 | 1.19× | 3.36× | ||
| Q3 25 | 1.04× | -1.20× | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 1.03× | 5.47× | ||
| Q3 24 | 1.05× | -5.78× | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 1.51× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
