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KLA Corporation（KLAC）与施乐（XRX）财务数据对比。点击上方公司名可切换其他公司
KLA Corporation的季度营收约是施乐的1.6倍（$3.3B vs $2.0B），施乐同比增速更快（25.7% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $192.0M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 16.2%）
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。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
KLAC vs XRX — 直观对比
营收规模更大
KLAC
是对方的1.6倍
$2.0B
营收增速更快
XRX
高出18.6%
7.2%
自由现金流更多
KLAC
多$1.1B
$192.0M
两年增速更快
KLAC
近两年复合增速
16.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.0B |
| 净利润 | $1.1B | — |
| 毛利率 | 61.4% | — |
| 营业利润率 | — | — |
| 净利率 | 34.7% | — |
| 营收同比 | 7.2% | 25.7% |
| 净利润同比 | 39.0% | — |
| 每股收益（稀释后） | $8.68 | $-0.62 |
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KLACXRX
| Q4 25 | $3.3B | $2.0B | ||
| Q3 25 | $3.2B | $2.0B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.6B | $1.6B | ||
| Q1 24 | $2.4B | $1.5B |
净利润KLACXRX
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $-760.0M | ||
| Q2 25 | $1.2B | $-106.0M | ||
| Q1 25 | $1.1B | $-90.0M | ||
| Q4 24 | $824.5M | — | ||
| Q3 24 | $945.9M | $-1.2B | ||
| Q2 24 | $836.4M | $18.0M | ||
| Q1 24 | $601.5M | $-113.0M |
毛利率KLACXRX
| 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KLACXRX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 41.9% | — | ||
| Q1 25 | 41.3% | — | ||
| Q4 24 | 31.6% | — | ||
| Q3 24 | 38.0% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 29.7% | — |
净利率KLACXRX
| Q4 25 | 34.7% | — | ||
| Q3 25 | 34.9% | -38.8% | ||
| Q2 25 | 37.9% | -6.7% | ||
| Q1 25 | 35.5% | -6.2% | ||
| Q4 24 | 26.8% | — | ||
| Q3 24 | 33.3% | -78.9% | ||
| Q2 24 | 32.6% | 1.1% | ||
| Q1 24 | 25.5% | -7.5% |
每股收益（稀释后）KLACXRX
| Q4 25 | $8.68 | $-0.62 | ||
| Q3 25 | $8.47 | $-6.01 | ||
| Q2 25 | $9.04 | $-0.87 | ||
| Q1 25 | $8.16 | $-0.75 | ||
| Q4 24 | $6.16 | $-0.21 | ||
| Q3 24 | $7.01 | $-9.71 | ||
| Q2 24 | $6.16 | $0.11 | ||
| Q1 24 | $4.43 | $-0.94 |
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 | $512.0M |
| 总债务越低越好 | $5.9B | $4.0B |
| 股东权益账面价值 | $5.5B | $444.0M |
| 总资产 | $16.7B | $9.8B |
| 负债/权益比越低杠杆越低 | 1.08× | 9.05× |
8季度趋势，按日历期对齐
现金及短期投资KLACXRX
| Q4 25 | $2.5B | $512.0M | ||
| Q3 25 | $1.9B | $479.0M | ||
| Q2 25 | $2.1B | $449.0M | ||
| Q1 25 | $1.9B | $336.0M | ||
| Q4 24 | $1.8B | $576.0M | ||
| Q3 24 | $2.0B | $521.0M | ||
| Q2 24 | $2.0B | $485.0M | ||
| Q1 24 | $1.8B | $685.0M |
总债务KLACXRX
| Q4 25 | $5.9B | $4.0B | ||
| Q3 25 | $5.9B | $4.1B | ||
| Q2 25 | $5.9B | $3.5B | ||
| Q1 25 | $5.9B | $2.7B | ||
| Q4 24 | $5.9B | $2.8B | ||
| Q3 24 | $5.9B | $2.8B | ||
| Q2 24 | $5.9B | $3.2B | ||
| Q1 24 | $5.9B | $3.2B |
股东权益KLACXRX
| Q4 25 | $5.5B | $444.0M | ||
| Q3 25 | $5.0B | $365.0M | ||
| Q2 25 | $4.7B | $1.1B | ||
| Q1 25 | $4.0B | $1.1B | ||
| Q4 24 | $3.6B | $1.1B | ||
| Q3 24 | $3.6B | $1.3B | ||
| Q2 24 | $3.4B | $2.4B | ||
| Q1 24 | $3.1B | $2.4B |
总资产KLACXRX
| Q4 25 | $16.7B | $9.8B | ||
| Q3 25 | $16.3B | $10.1B | ||
| Q2 25 | $16.1B | $8.9B | ||
| Q1 25 | $15.2B | $8.2B | ||
| Q4 24 | $15.0B | $8.4B | ||
| Q3 24 | $15.7B | $8.3B | ||
| Q2 24 | $15.4B | $9.5B | ||
| Q1 24 | $15.0B | $9.9B |
负债/权益比KLACXRX
| Q4 25 | 1.08× | 9.05× | ||
| Q3 25 | 1.18× | 11.10× | ||
| Q2 25 | 1.25× | 3.11× | ||
| Q1 25 | 1.47× | 2.56× | ||
| Q4 24 | 1.64× | 2.62× | ||
| Q3 24 | 1.65× | 2.11× | ||
| Q2 24 | 1.75× | 1.34× | ||
| Q1 24 | 1.90× | 1.35× |
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 | $208.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $192.0M |
| 自由现金流率自由现金流/营收 | 38.3% | 9.5% |
| 资本支出强度资本支出/营收 | 3.2% | 0.8% |
| 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 | $187.0M |
8季度趋势，按日历期对齐
经营现金流KLACXRX
| Q4 25 | $1.4B | $208.0M | ||
| Q3 25 | $1.2B | $116.0M | ||
| Q2 25 | $1.2B | $-11.0M | ||
| Q1 25 | $1.1B | $-89.0M | ||
| Q4 24 | $849.5M | $351.0M | ||
| Q3 24 | $995.2M | $116.0M | ||
| Q2 24 | $892.6M | $123.0M | ||
| Q1 24 | $910.0M | $-79.0M |
自由现金流KLACXRX
| Q4 25 | $1.3B | $192.0M | ||
| Q3 25 | $1.1B | $104.0M | ||
| Q2 25 | $1.1B | $-15.0M | ||
| Q1 25 | $990.0M | $-94.0M | ||
| Q4 24 | $757.2M | $346.0M | ||
| Q3 24 | $934.8M | $108.0M | ||
| Q2 24 | $831.9M | $117.0M | ||
| Q1 24 | $838.2M | $-87.0M |
自由现金流率KLACXRX
| Q4 25 | 38.3% | 9.5% | ||
| Q3 25 | 33.2% | 5.3% | ||
| Q2 25 | 33.5% | -1.0% | ||
| Q1 25 | 32.3% | -6.5% | ||
| Q4 24 | 24.6% | 21.5% | ||
| Q3 24 | 32.9% | 7.1% | ||
| Q2 24 | 32.4% | 7.4% | ||
| Q1 24 | 35.5% | -5.8% |
资本支出强度KLACXRX
| Q4 25 | 3.2% | 0.8% | ||
| Q3 25 | 3.0% | 0.6% | ||
| Q2 25 | 3.2% | 0.3% | ||
| Q1 25 | 2.7% | 0.3% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | 2.1% | 0.5% | ||
| Q2 24 | 2.4% | 0.4% | ||
| Q1 24 | 3.0% | 0.5% |
现金转化率KLACXRX
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.05× | — | ||
| Q2 24 | 1.07× | 6.83× | ||
| 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% |
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 1% |
