CoverageForm 410-K10-Q8-K13D13G13F

KLAC · Kla Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · KLAC

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$12.16B$9.81B$10.50B$9.21B$6.92B$5.81B
Cost of Revenue$4.75B$3.93B$4.22B$3.59B$2.77B$2.45B
Gross Profit$7.40B$5.88B$6.28B$5.62B$4.15B$3.36B
R&D$1.36B$1.28B$1.30B$1.11B$928.49M$863.86M
SG&A$1.03B$969.51M$986.33M$860.01M$729.60M$734.15M
Total Operating Expenses------
D&A$394.09M$401.73M$415.11M$363.34M$333.33M$348.05M
Operating Income$4.64B$3.19B$3.79B$1.32B$2.36B$1.32B
Interest Expense$302.17M$311.25M$296.94M$160.34M$157.33M$160.27M
Income Tax$582.80M$428.14M$401.84M$167.18M$283.10M$101.69M
Net Income$4.06B$2.76B$3.39B$3.32B$2.08B$1.22B
EPS - Basic$30.53$20.41$24.28$22.07$13.49$7.76
EPS - Diluted$30.37$20.28$24.15$21.92$13.37$7.70

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$2.08B$1.98B$1.93B$1.58B$1.43B$1.23B
Accounts Receivable$2.26B$1.83B$1.75B$1.81B$1.31B$1.11B
Inventory$3.21B$3.03B$2.88B$2.15B$1.58B$1.31B
Accounts Payable$458.51M$359.49M$371.03M$443.34M$342.08M$264.28M
Current Assets$10.70B$10.03B$8.37B$7.17B$5.70B$4.72B
Total Assets$16.07B$15.43B$14.07B$12.60B$10.27B$9.28B
Current Liabilities$4.09B$4.66B$3.74B$2.87B$2.10B$1.70B
Long-term Debt$5.88B$5.88B$5.89B$6.66B$3.42B$3.47B
Total Liabilities$11.38B$12.07B$11.15B$11.20B$6.90B$6.60B
Stockholders' Equity$4.69B$3.37B$2.92B$1.40B$3.38B$2.67B
Retained Earnings$2.18B$1.14B$848.43M$366.88M$1.28B$654.93M

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$4.08B$3.31B$3.67B$3.31B$2.19B$1.78B
Investing Cash Flow($202.48M)($1.48B)($482.57M)($876.46M)($500.40M)($258.87M)
Financing Cash Flow($3.79B)($1.78B)($2.83B)($2.26B)($1.50B)($1.30B)
CapEx$335.26M$277.38M$341.59M$307.32M$231.63M$152.68M
Free Cash Flow$3.75B$3.03B$3.33B$3.01B$1.95B$1.63B

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin60.9%60.0%59.8%61.0%59.9%57.8%
Operating margin38.2%32.5%36.1%14.3%34.1%22.7%
EBITDA margin41.4%36.6%40.1%18.2%38.9%28.7%
Net margin33.4%28.1%32.3%36.1%30.0%21.0%
Free cash flow margin30.8%30.9%31.7%32.6%28.2%28.0%
FCF / Net income0.921.100.980.900.941.34
R&D / Revenue11.2%13.0%12.4%12.0%13.4%14.9%
SG&A / Revenue8.5%9.9%9.4%9.3%10.5%12.6%
Effective tax rate12.5%13.4%10.6%4.8%12.0%7.7%
Return on assets25.3%17.9%24.1%26.4%20.2%13.1%
Return on equity86.6%82.0%116.0%237.0%61.5%45.7%
Return on invested capital38.4%29.9%38.4%15.5%30.5%19.8%
Liquidity
Current ratio2.622.152.242.502.712.78
Quick ratio1.831.501.471.751.962.01
Cash ratio0.510.420.520.550.680.73
Leverage
Debt / Equity1.251.752.024.751.011.30
Debt / Assets0.370.380.420.530.330.37
Debt / EBITDA1.171.641.403.961.272.08
Interest coverage15.4x10.2x12.8x8.2x15.0x8.2x
Equity multiplier3.424.584.828.993.043.48
Liabilities / Assets0.710.780.790.890.670.71
Efficiency
Asset turnover0.760.640.750.730.670.63
Inventory turnover1.481.291.471.671.761.87
Days sales outstanding68d68d61d72d69d70d
Days inventory outstanding247d282d249d218d207d195d
Days payable outstanding35d33d32d45d45d39d
Cash conversion cycle279d317d278d245d231d226d
Valuation
P / E29.5x40.7x20.1x14.6x24.2x25.3x
P / B25.5x33.3x23.3x34.5x14.9x11.5x
P / S9.9x11.4x6.5x5.2x7.3x5.3x
EV / EBITDA24.5x32.3x17.1x31.8x19.4x19.8x
Growth
Revenue growth (YoY)23.9%-6.5%13.9%33.1%19.2%66.9%
Revenue CAGR (3y)9.7%12.4%21.8%38.3%19.7%18.6%
Revenue CAGR (5y)15.9%23.0%21.1%21.5%18.3%15.6%
Gross profit growth (YoY)25.8%-6.3%11.7%35.5%23.5%108.4%
Operating income growth (YoY)45.6%-15.8%187.8%-44.2%79.3%1.6%
Net income growth (YoY)47.1%-18.5%2.0%59.8%70.8%3.5%
EPS growth (YoY)49.8%-16.0%10.2%63.9%73.6%2.8%
EPS CAGR (3y)11.5%14.9%46.4%43.0%37.9%9.4%
EPS CAGR (5y)31.6%22.0%36.5%30.1%24.4%28.0%
FCF growth (YoY)23.6%-8.9%10.7%53.9%20.1%59.1%
FCF CAGR (5y)18.2%24.3%23.4%23.6%21.8%23.8%
Book value growth (YoY)39.3%15.4%108.4%-58.5%26.7%0.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-06-30.

Business segments

$12.16B total
Semiconductor Process Control$10.95B · 90.1%
PCBAnd Component Inspection$621.72M · 5.1%
Specialty Semiconductor Process$587.11M · 4.8%

Product / service

$21.63B total
Product$9.47B · 43.8%
Wafer Inspection$6.20B · 28.7%
Service$2.68B · 12.4%
Patterning$2.20B · 10.2%
Specialty Semiconductor Process$517.20M · 2.4%
PCBAnd Component Inspection$355.89M · 1.6%
Other Revenue$204.60M · 0.9%

Geographic

$12.16B total
CN$4.04B · 33.3%
TW$3.21B · 26.4%
KR$1.45B · 12.0%
North America$1.36B · 11.2%
JP$1.13B · 9.3%
Europe And Israel$574.20M · 4.7%
Rest Of Asia$385.87M · 3.2%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.24
Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

8/9
Strong
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Optical Instruments & Lenses

CompanyRevenue (last FY)Net marginROE
COHR$5.81B0.8%0.9%
MSAI$5.55M-211.0%-36.6%
OPXS$41.34M12.5%21.2%
OLIT$28.08M-6.4%-18.8%
NVMI$880.58M29.4%19.7%

Comparing KLA CORP against the 5 most active filers in the same SIC group.

Dividends

$8.00/share trailing 12 months · +18.5% YoY

Ex-datePer share
May 18, 2026$2.3000
Feb 17, 2026$1.9000
Nov 17, 2025$1.9000
Aug 18, 2025$1.9000
May 19, 2025$1.9000
Feb 24, 2025$1.7000
Nov 18, 2024$1.7000
Aug 15, 2024$1.4500
May 14, 2024$1.4500
Feb 15, 2024$1.4500
Nov 14, 2023$1.4500
Aug 14, 2023$1.3000
May 12, 2023$1.3000
Feb 10, 2023$1.3000
Nov 14, 2022$1.3000
Aug 12, 2022$1.3000
May 13, 2022$1.0500
Feb 11, 2022$1.0500
Nov 12, 2021$1.0500
Aug 13, 2021$1.0500
May 14, 2021$0.9000
Feb 18, 2021$0.9000
Nov 13, 2020$0.9000
Aug 14, 2020$0.9000