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KLA Corporation（KLAC）与Wayfair Inc.（W）财务数据对比。点击上方公司名可切换其他公司
Wayfair Inc.的季度营收约是KLA Corporation的1.0倍（$3.3B vs $3.3B），KLA Corporation净利率更高（34.7% vs -3.5%，领先38.2%），KLA Corporation同比增速更快（7.2% vs 6.9%），KLA Corporation自由现金流更多（$1.3B vs $177.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 10.6%）
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。
Wayfair Inc.是总部位于美国马萨诸塞州波士顿的电商企业，2002年成立，前身为CSN Stores，专注于家具及家居用品线上销售。目前平台提供来自全球11000余家供应商的1400万款商品，业务遍及北美、加拿大、德国、爱尔兰、中国、英国等国家和地区。
KLAC vs W — 直观对比
营收规模更大
W
是对方的1.0倍
$3.3B
营收增速更快
KLAC
高出0.2%
6.9%
净利率更高
KLAC
高出38.2%
-3.5%
自由现金流更多
KLAC
多$1.1B
$177.0M
两年增速更快
KLAC
近两年复合增速
10.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.3B |
| 净利润 | $1.1B | $-116.0M |
| 毛利率 | 61.4% | 30.3% |
| 营业利润率 | — | 2.5% |
| 净利率 | 34.7% | -3.5% |
| 营收同比 | 7.2% | 6.9% |
| 净利润同比 | 39.0% | 9.4% |
| 每股收益（稀释后） | $8.68 | $-0.90 |
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KLACW
| Q4 25 | $3.3B | $3.3B | ||
| Q3 25 | $3.2B | $3.1B | ||
| Q2 25 | $3.2B | $3.3B | ||
| Q1 25 | $3.1B | $2.7B | ||
| Q4 24 | $3.1B | $3.1B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $2.6B | $3.1B | ||
| Q1 24 | $2.4B | $2.7B |
净利润KLACW
| Q4 25 | $1.1B | $-116.0M | ||
| Q3 25 | $1.1B | $-99.0M | ||
| Q2 25 | $1.2B | $15.0M | ||
| Q1 25 | $1.1B | $-113.0M | ||
| Q4 24 | $824.5M | $-128.0M | ||
| Q3 24 | $945.9M | $-74.0M | ||
| Q2 24 | $836.4M | $-42.0M | ||
| Q1 24 | $601.5M | $-248.0M |
毛利率KLACW
| Q4 25 | 61.4% | 30.3% | ||
| Q3 25 | 61.3% | 30.0% | ||
| Q2 25 | 62.0% | 30.1% | ||
| Q1 25 | 61.6% | 30.7% | ||
| Q4 24 | 60.3% | 30.2% | ||
| Q3 24 | 59.6% | 30.3% | ||
| Q2 24 | 60.7% | 30.2% | ||
| Q1 24 | 57.9% | 30.0% |
营业利润率KLACW
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 41.9% | 0.5% | ||
| Q1 25 | 41.3% | -4.5% | ||
| Q4 24 | 31.6% | -3.7% | ||
| Q3 24 | 38.0% | -2.6% | ||
| Q2 24 | 36.8% | -1.1% | ||
| Q1 24 | 29.7% | -8.6% |
净利率KLACW
| Q4 25 | 34.7% | -3.5% | ||
| Q3 25 | 34.9% | -3.2% | ||
| Q2 25 | 37.9% | 0.5% | ||
| Q1 25 | 35.5% | -4.1% | ||
| Q4 24 | 26.8% | -4.1% | ||
| Q3 24 | 33.3% | -2.6% | ||
| Q2 24 | 32.6% | -1.3% | ||
| Q1 24 | 25.5% | -9.1% |
每股收益（稀释后）KLACW
| Q4 25 | $8.68 | $-0.90 | ||
| Q3 25 | $8.47 | $-0.76 | ||
| Q2 25 | $9.04 | $0.11 | ||
| Q1 25 | $8.16 | $-0.89 | ||
| Q4 24 | $6.16 | $-1.01 | ||
| Q3 24 | $7.01 | $-0.60 | ||
| Q2 24 | $6.16 | $-0.34 | ||
| Q1 24 | $4.43 | $-2.06 |
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 | $3.3B |
| 股东权益账面价值 | $5.5B | $-2.8B |
| 总资产 | $16.7B | $3.4B |
| 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KLACW
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $1.8B | $1.2B |
总债务KLACW
| Q4 25 | $5.9B | $3.3B | ||
| Q3 25 | $5.9B | $2.9B | ||
| Q2 25 | $5.9B | $3.0B | ||
| Q1 25 | $5.9B | $3.2B | ||
| Q4 24 | $5.9B | $3.1B | ||
| Q3 24 | $5.9B | $3.2B | ||
| Q2 24 | $5.9B | $3.2B | ||
| Q1 24 | $5.9B | $3.2B |
股东权益KLACW
| Q4 25 | $5.5B | $-2.8B | ||
| Q3 25 | $5.0B | $-2.8B | ||
| Q2 25 | $4.7B | $-2.7B | ||
| Q1 25 | $4.0B | $-2.8B | ||
| Q4 24 | $3.6B | $-2.8B | ||
| Q3 24 | $3.6B | $-2.7B | ||
| Q2 24 | $3.4B | $-2.8B | ||
| Q1 24 | $3.1B | $-2.8B |
总资产KLACW
| Q4 25 | $16.7B | $3.4B | ||
| Q3 25 | $16.3B | $3.1B | ||
| Q2 25 | $16.1B | $3.3B | ||
| Q1 25 | $15.2B | $3.4B | ||
| Q4 24 | $15.0B | $3.5B | ||
| Q3 24 | $15.7B | $3.4B | ||
| Q2 24 | $15.4B | $3.4B | ||
| Q1 24 | $15.0B | $3.2B |
负债/权益比KLACW
| 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 | $202.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $177.0M |
| 自由现金流率自由现金流/营收 | 38.3% | 5.3% |
| 资本支出强度资本支出/营收 | 3.2% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | $4.4B | $464.0M |
8季度趋势，按日历期对齐
经营现金流KLACW
| Q4 25 | $1.4B | $202.0M | ||
| Q3 25 | $1.2B | $155.0M | ||
| Q2 25 | $1.2B | $273.0M | ||
| Q1 25 | $1.1B | $-96.0M | ||
| Q4 24 | $849.5M | $162.0M | ||
| Q3 24 | $995.2M | $49.0M | ||
| Q2 24 | $892.6M | $245.0M | ||
| Q1 24 | $910.0M | $-139.0M |
自由现金流KLACW
| Q4 25 | $1.3B | $177.0M | ||
| Q3 25 | $1.1B | $128.0M | ||
| Q2 25 | $1.1B | $260.0M | ||
| Q1 25 | $990.0M | $-101.0M | ||
| Q4 24 | $757.2M | $142.0M | ||
| Q3 24 | $934.8M | $32.0M | ||
| Q2 24 | $831.9M | $222.0M | ||
| Q1 24 | $838.2M | $-152.0M |
自由现金流率KLACW
| Q4 25 | 38.3% | 5.3% | ||
| Q3 25 | 33.2% | 4.1% | ||
| Q2 25 | 33.5% | 7.9% | ||
| Q1 25 | 32.3% | -3.7% | ||
| Q4 24 | 24.6% | 4.5% | ||
| Q3 24 | 32.9% | 1.1% | ||
| Q2 24 | 32.4% | 7.1% | ||
| Q1 24 | 35.5% | -5.6% |
资本支出强度KLACW
| Q4 25 | 3.2% | 0.7% | ||
| Q3 25 | 3.0% | 0.9% | ||
| Q2 25 | 3.2% | 0.4% | ||
| Q1 25 | 2.7% | 0.2% | ||
| Q4 24 | 3.0% | 0.6% | ||
| Q3 24 | 2.1% | 0.6% | ||
| Q2 24 | 2.4% | 0.7% | ||
| Q1 24 | 3.0% | 0.5% |
现金转化率KLACW
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | 0.97× | 18.20× | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.05× | — | ||
| 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% |
W
| US Segment | $2.9B | 88% |
| International Segment | $395.0M | 12% |
