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KLA Corporation（KLAC）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是KLA Corporation的1.0倍（$3.4B vs $3.3B），KLA Corporation净利率更高（34.7% vs 22.4%，领先12.3%），Welltower同比增速更快（38.3% vs 7.2%），过去两年Welltower的营收复合增速更高（55.1% 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。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
KLAC vs WELL — 直观对比
营收规模更大
WELL
是对方的1.0倍
$3.3B
营收增速更快
WELL
高出31.2%
7.2%
净利率更高
KLAC
高出12.3%
22.4%
两年增速更快
WELL
近两年复合增速
18.2%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.4B |
| 净利润 | $1.1B | $752.3M |
| 毛利率 | 61.4% | — |
| 营业利润率 | — | — |
| 净利率 | 34.7% | 22.4% |
| 营收同比 | 7.2% | 38.3% |
| 净利润同比 | 39.0% | 192.4% |
| 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KLACWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.3B | $2.6B | ||
| Q3 25 | $3.2B | $2.1B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.6B | $1.4B |
净利润KLACWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | $1.1B | $117.8M | ||
| Q3 25 | $1.1B | $282.2M | ||
| Q2 25 | $1.2B | $304.6M | ||
| Q1 25 | $1.1B | $257.3M | ||
| Q4 24 | $824.5M | $123.8M | ||
| Q3 24 | $945.9M | $456.8M | ||
| Q2 24 | $836.4M | $260.7M |
毛利率KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | 61.4% | 24.3% | ||
| Q3 25 | 61.3% | 23.5% | ||
| Q2 25 | 62.0% | 23.2% | ||
| Q1 25 | 61.6% | 21.6% | ||
| Q4 24 | 60.3% | 20.0% | ||
| Q3 24 | 59.6% | 19.8% | ||
| Q2 24 | 60.7% | 20.2% |
营业利润率KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | 41.9% | 15.1% | ||
| Q1 25 | 41.3% | 10.7% | ||
| Q4 24 | 31.6% | 6.2% | ||
| Q3 24 | 38.0% | 12.2% | ||
| Q2 24 | 36.8% | 6.5% |
净利率KLACWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | 34.7% | 4.6% | ||
| Q3 25 | 34.9% | 13.7% | ||
| Q2 25 | 37.9% | 15.5% | ||
| Q1 25 | 35.5% | 13.8% | ||
| Q4 24 | 26.8% | 7.0% | ||
| Q3 24 | 33.3% | 30.2% | ||
| Q2 24 | 32.6% | 18.7% |
每股收益（稀释后）KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | $8.68 | $0.13 | ||
| Q3 25 | $8.47 | $0.41 | ||
| Q2 25 | $9.04 | $0.45 | ||
| Q1 25 | $8.16 | $0.40 | ||
| Q4 24 | $6.16 | $0.20 | ||
| Q3 24 | $7.01 | $0.73 | ||
| Q2 24 | $6.16 | $0.42 |
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 | $4.7B |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $5.5B | $44.7B |
| 总资产 | $16.7B | $67.2B |
| 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KLACWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $2.5B | $5.0B | ||
| Q3 25 | $1.9B | $6.8B | ||
| Q2 25 | $2.1B | $4.4B | ||
| Q1 25 | $1.9B | $3.5B | ||
| Q4 24 | $1.8B | $3.5B | ||
| Q3 24 | $2.0B | $3.6B | ||
| Q2 24 | $2.0B | $2.8B |
总债务KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $19.2B | ||
| Q3 25 | $5.9B | $16.9B | ||
| Q2 25 | $5.9B | $16.0B | ||
| Q1 25 | $5.9B | $15.7B | ||
| Q4 24 | $5.9B | $15.5B | ||
| Q3 24 | $5.9B | $15.8B | ||
| Q2 24 | $5.9B | $13.9B |
股东权益KLACWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $5.5B | $42.1B | ||
| Q3 25 | $5.0B | $38.8B | ||
| Q2 25 | $4.7B | $35.9B | ||
| Q1 25 | $4.0B | $34.0B | ||
| Q4 24 | $3.6B | $32.0B | ||
| Q3 24 | $3.6B | $30.3B | ||
| Q2 24 | $3.4B | $29.0B |
总资产KLACWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | $16.7B | $67.3B | ||
| Q3 25 | $16.3B | $59.5B | ||
| Q2 25 | $16.1B | $55.8B | ||
| Q1 25 | $15.2B | $53.3B | ||
| Q4 24 | $15.0B | $51.0B | ||
| Q3 24 | $15.7B | $49.0B | ||
| Q2 24 | $15.4B | $45.5B |
负债/权益比KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | 1.08× | 0.46× | ||
| Q3 25 | 1.18× | 0.43× | ||
| Q2 25 | 1.25× | 0.44× | ||
| Q1 25 | 1.47× | 0.46× | ||
| Q4 24 | 1.64× | 0.49× | ||
| Q3 24 | 1.65× | 0.52× | ||
| Q2 24 | 1.75× | 0.48× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.3B | — |
| 自由现金流率自由现金流/营收 | 38.3% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $654.3M | ||
| Q3 25 | $1.2B | $858.4M | ||
| Q2 25 | $1.2B | $770.0M | ||
| Q1 25 | $1.1B | $599.0M | ||
| Q4 24 | $849.5M | $559.2M | ||
| Q3 24 | $995.2M | $685.0M | ||
| Q2 24 | $892.6M | $605.4M |
自由现金流KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $340.4M | ||
| Q3 25 | $1.1B | $595.3M | ||
| Q2 25 | $1.1B | $537.2M | ||
| Q1 25 | $990.0M | $358.6M | ||
| Q4 24 | $757.2M | $240.4M | ||
| Q3 24 | $934.8M | $443.8M | ||
| Q2 24 | $831.9M | $440.3M |
自由现金流率KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | 38.3% | 13.3% | ||
| Q3 25 | 33.2% | 28.9% | ||
| Q2 25 | 33.5% | 27.3% | ||
| Q1 25 | 32.3% | 19.2% | ||
| Q4 24 | 24.6% | 13.6% | ||
| Q3 24 | 32.9% | 29.4% | ||
| Q2 24 | 32.4% | 31.6% |
资本支出强度KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 12.3% | ||
| Q3 25 | 3.0% | 12.8% | ||
| Q2 25 | 3.2% | 11.8% | ||
| Q1 25 | 2.7% | 12.9% | ||
| Q4 24 | 3.0% | 18.1% | ||
| Q3 24 | 2.1% | 16.0% | ||
| Q2 24 | 2.4% | 11.8% |
现金转化率KLACWELL
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 5.56× | ||
| Q3 25 | 1.04× | 3.04× | ||
| Q2 25 | 0.97× | 2.53× | ||
| Q1 25 | 0.99× | 2.33× | ||
| Q4 24 | 1.03× | 4.52× | ||
| Q3 24 | 1.05× | 1.50× | ||
| Q2 24 | 1.07× | 2.32× |
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% |
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
