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KLA Corporation（KLAC）与Block, Inc.（XYZ）财务数据对比。点击上方公司名可切换其他公司
Block, Inc.的季度营收约是KLA Corporation的1.9倍（$6.3B vs $3.3B），KLA Corporation净利率更高（34.7% vs 1.9%，领先32.9%），KLA Corporation同比增速更快（7.2% vs 3.6%），KLA Corporation自由现金流更多（$1.3B vs $579.8M），过去两年KLA Corporation的营收复合增速更高（18.2% vs 2.4%）
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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
KLAC vs XYZ — 直观对比
营收规模更大
XYZ
是对方的1.9倍
$3.3B
营收增速更快
KLAC
高出3.5%
3.6%
净利率更高
KLAC
高出32.9%
1.9%
自由现金流更多
KLAC
多$682.2M
$579.8M
两年增速更快
KLAC
近两年复合增速
2.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $6.3B |
| 净利润 | $1.1B | $115.8M |
| 毛利率 | 61.4% | 45.9% |
| 营业利润率 | — | 7.8% |
| 净利率 | 34.7% | 1.9% |
| 营收同比 | 7.2% | 3.6% |
| 净利润同比 | 39.0% | -94.1% |
| 每股收益（稀释后） | $8.68 | $0.19 |
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KLACXYZ
| Q4 25 | $3.3B | $6.3B | ||
| Q3 25 | $3.2B | $6.1B | ||
| Q2 25 | $3.2B | $6.1B | ||
| Q1 25 | $3.1B | $5.8B | ||
| Q4 24 | $3.1B | $6.0B | ||
| Q3 24 | $2.8B | $6.0B | ||
| Q2 24 | $2.6B | $6.2B | ||
| Q1 24 | $2.4B | $6.0B |
净利润KLACXYZ
| Q4 25 | $1.1B | $115.8M | ||
| Q3 25 | $1.1B | $461.5M | ||
| Q2 25 | $1.2B | $538.5M | ||
| Q1 25 | $1.1B | $189.9M | ||
| Q4 24 | $824.5M | $1.9B | ||
| Q3 24 | $945.9M | $283.8M | ||
| Q2 24 | $836.4M | $195.3M | ||
| Q1 24 | $601.5M | $472.0M |
毛利率KLACXYZ
| Q4 25 | 61.4% | 45.9% | ||
| Q3 25 | 61.3% | 43.5% | ||
| Q2 25 | 62.0% | 41.9% | ||
| Q1 25 | 61.6% | 39.7% | ||
| Q4 24 | 60.3% | 38.3% | ||
| Q3 24 | 59.6% | 37.6% | ||
| Q2 24 | 60.7% | 36.3% | ||
| Q1 24 | 57.9% | 35.2% |
营业利润率KLACXYZ
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | 41.9% | 8.0% | ||
| Q1 25 | 41.3% | 5.7% | ||
| Q4 24 | 31.6% | 0.2% | ||
| Q3 24 | 38.0% | 5.4% | ||
| Q2 24 | 36.8% | 5.0% | ||
| Q1 24 | 29.7% | 4.2% |
净利率KLACXYZ
| Q4 25 | 34.7% | 1.9% | ||
| Q3 25 | 34.9% | 7.5% | ||
| Q2 25 | 37.9% | 8.9% | ||
| Q1 25 | 35.5% | 3.3% | ||
| Q4 24 | 26.8% | 32.3% | ||
| Q3 24 | 33.3% | 4.7% | ||
| Q2 24 | 32.6% | 3.2% | ||
| Q1 24 | 25.5% | 7.9% |
每股收益（稀释后）KLACXYZ
| Q4 25 | $8.68 | $0.19 | ||
| Q3 25 | $8.47 | $0.74 | ||
| Q2 25 | $9.04 | $0.87 | ||
| Q1 25 | $8.16 | $0.30 | ||
| Q4 24 | $6.16 | $3.06 | ||
| Q3 24 | $7.01 | $0.45 | ||
| Q2 24 | $6.16 | $0.31 | ||
| Q1 24 | $4.43 | $0.74 |
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 | $6.6B |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $5.5B | $22.2B |
| 总资产 | $16.7B | $39.5B |
| 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KLACXYZ
| Q4 25 | $2.5B | $6.6B | ||
| Q3 25 | $1.9B | $8.3B | ||
| Q2 25 | $2.1B | $6.4B | ||
| Q1 25 | $1.9B | $7.1B | ||
| Q4 24 | $1.8B | $8.1B | ||
| Q3 24 | $2.0B | $8.3B | ||
| Q2 24 | $2.0B | $7.8B | ||
| Q1 24 | $1.8B | $5.8B |
总债务KLACXYZ
| Q4 25 | $5.9B | — | ||
| Q3 25 | $5.9B | $7.3B | ||
| Q2 25 | $5.9B | $5.1B | ||
| Q1 25 | $5.9B | $5.1B | ||
| Q4 24 | $5.9B | $6.1B | ||
| Q3 24 | $5.9B | $6.1B | ||
| Q2 24 | $5.9B | $6.1B | ||
| Q1 24 | $5.9B | $4.1B |
股东权益KLACXYZ
| Q4 25 | $5.5B | $22.2B | ||
| Q3 25 | $5.0B | $22.5B | ||
| Q2 25 | $4.7B | $22.2B | ||
| Q1 25 | $4.0B | $21.5B | ||
| Q4 24 | $3.6B | $21.3B | ||
| Q3 24 | $3.6B | $19.9B | ||
| Q2 24 | $3.4B | $19.3B | ||
| Q1 24 | $3.1B | $19.0B |
总资产KLACXYZ
| Q4 25 | $16.7B | $39.5B | ||
| Q3 25 | $16.3B | $39.2B | ||
| Q2 25 | $16.1B | $36.9B | ||
| Q1 25 | $15.2B | $36.4B | ||
| Q4 24 | $15.0B | $36.8B | ||
| Q3 24 | $15.7B | $36.4B | ||
| Q2 24 | $15.4B | $37.5B | ||
| Q1 24 | $15.0B | $35.6B |
负债/权益比KLACXYZ
| Q4 25 | 1.08× | — | ||
| Q3 25 | 1.18× | 0.32× | ||
| Q2 25 | 1.25× | 0.23× | ||
| Q1 25 | 1.47× | 0.24× | ||
| Q4 24 | 1.64× | 0.29× | ||
| Q3 24 | 1.65× | 0.31× | ||
| Q2 24 | 1.75× | 0.32× | ||
| Q1 24 | 1.90× | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $579.8M |
| 自由现金流率自由现金流/营收 | 38.3% | 9.3% |
| 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× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $2.4B |
8季度趋势，按日历期对齐
经营现金流KLACXYZ
| Q4 25 | $1.4B | $621.0M | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $374.3M | ||
| Q1 25 | $1.1B | $133.3M | ||
| Q4 24 | $849.5M | $13.8M | ||
| Q3 24 | $995.2M | $684.8M | ||
| Q2 24 | $892.6M | $519.4M | ||
| Q1 24 | $910.0M | $489.4M |
自由现金流KLACXYZ
| Q4 25 | $1.3B | $579.8M | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $343.0M | ||
| Q1 25 | $990.0M | $101.5M | ||
| Q4 24 | $757.2M | $-13.2M | ||
| Q3 24 | $934.8M | $628.2M | ||
| Q2 24 | $831.9M | $481.0M | ||
| Q1 24 | $838.2M | $457.4M |
自由现金流率KLACXYZ
| Q4 25 | 38.3% | 9.3% | ||
| Q3 25 | 33.2% | 22.9% | ||
| Q2 25 | 33.5% | 5.7% | ||
| Q1 25 | 32.3% | 1.8% | ||
| Q4 24 | 24.6% | -0.2% | ||
| Q3 24 | 32.9% | 10.5% | ||
| Q2 24 | 32.4% | 7.8% | ||
| Q1 24 | 35.5% | 7.7% |
资本支出强度KLACXYZ
| Q4 25 | 3.2% | 0.7% | ||
| Q3 25 | 3.0% | 0.8% | ||
| Q2 25 | 3.2% | 0.5% | ||
| Q1 25 | 2.7% | 0.6% | ||
| Q4 24 | 3.0% | 0.4% | ||
| Q3 24 | 2.1% | 0.9% | ||
| Q2 24 | 2.4% | 0.6% | ||
| Q1 24 | 3.0% | 0.5% |
现金转化率KLACXYZ
| Q4 25 | 1.19× | 5.36× | ||
| Q3 25 | 1.04× | 3.14× | ||
| Q2 25 | 0.97× | 0.70× | ||
| Q1 25 | 0.99× | 0.70× | ||
| Q4 24 | 1.03× | 0.01× | ||
| Q3 24 | 1.05× | 2.41× | ||
| Q2 24 | 1.07× | 2.66× | ||
| Q1 24 | 1.51× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
