KLA Corporation (KLAC) 10-Year Financial Performance & Capital Metrics

KLAC •

TechnologySemiconductorsSemiconductor Test, Metrology and Inspection Equipment

AboutKLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other. The company offers integrated circuit (IC) manufacturing products that comprises wafer inspection and review, and metrology; wafer and substrate defect inspection and metrology; reticle defect inspection and metrology; chemical/materials quality analysis; in situ process management and wafer handling diagnostics for IC and original equipment manufacturer (OEM) manufacturing; software products to provide run-time process control, defect excursion identification, process corrections, and defect classification; and refurbished and remanufactured products. It also provides specialty semiconductor manufacturing, benchtop metrology, surface characterization, and electrical property measurement services for general purpose/ lab applications; etch, plasma dicing, deposition, and other wafer processing technologies and solutions for the semiconductor and microelectronics industry. In addition, the company offers direct imaging, inspection, optical shaping, additive printing, and computer-aided manufacturing and engineering solutions for the PCB market; inspection and electrical testing systems to identify and classify defects, as well as systems to repair defects for the display market; and inspection and metrology systems for quality control and yield improvement in advanced and traditional semiconductor packaging markets. The company was formerly known as KLA-Tencor Corporation and changed its name to KLA Corporation in July 2019. KLA Corporation was incorporated in 1975 and is headquartered in Milpitas, California.Show more

Revenue $12.16B +23.9%
EBITDA $5.64B +39.6%
Net Income $4.06B +47.1%
EPS (Diluted) 30.37 +49.8%
Gross Margin 62.32% +3.9%
EBITDA Margin 46.36% +12.7%
Operating Margin 43.11% +16.4%
Net Margin 33.41% +18.7%
ROE 100.78% +14.7%
ROIC 46.48% +30.1%
Debt/Equity 1.30 -35.9%
Interest Coverage 17.34 +48.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 115.2%
✓Strong 5Y profit CAGR of 27.3%
✓Strong Piotroski F-Score: 9/9
✓FCF machine: 30.8% free cash flow margin
✓Momentum leader: RS Rating 88 (top 12%)
✓Strong 5Y sales CAGR of 15.9%

✗Weaknesses

✗Expensive at 43.5x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.76%

5Y15.93%

3Y9.69%

TTM17.57%

Profit (Net Income) CAGR

10Y27.2%

5Y27.26%

3Y6.93%

TTM42.07%

EPS CAGR

10Y29.78%

5Y31.58%

3Y11.48%

TTM44.72%

ROCE

10Y Avg33.18%

5Y Avg38.56%

3Y Avg40.12%

Latest46.07%

Peer Comparison

Semiconductor Test, Metrology and Inspection Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FORMFormFactor, Inc.	7.63B	98.88	111.10	15.16%	6.78%	5.14%	1.04%	0.04
TERTeradyne, Inc.	50.12B	320.03	91.96	13.13%	17.37%	19.82%	0.9%	0.12
NVMINova Ltd.	12.85B	438.86	76.32	29.83%	29.44%	19.66%	1.7%	0.25
CAMTCamtek Ltd.	7.18B	167.39	69.17	36.1%	28.36%	21.35%		0.38
ONTOOnto Innovation Inc.	10.63B	215.89	53.17	21.01%	17.46%	8.74%	2.01%	0.01
KLACKLA Corporation	201.28B	1524.55	50.20	23.89%	35.76%	83.39%	1.86%	1.30
INTTinTEST Corporation	144.21M	11.65	48.54	5.99%	-2.22%	-2.44%	1.73%	0.26
COHUCohu, Inc.	1.41B	30.20	-18.99	12.74%	-16.4%	-9.46%		0.46

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	2.98B	3.48B	4.04B	4.57B	5.81B	6.92B	9.21B	10.5B	9.81B	12.16B
Revenue Growth %	6.06%	16.6%	16%	13.18%	27.09%	19.16%	33.14%	13.94%	-6.51%	23.89%
Cost of Goods Sold+	1.16B	1.29B	1.45B	1.87B	2.45B	2.77B	3.59B	4.22B	3.93B	4.58B
COGS % of Revenue	38.98%	37%	35.86%	40.92%	42.19%	40.07%	39%	40.19%	40.03%	37.68%
Gross Profit+	1.82B	2.19B	2.59B	2.7B	3.36B	4.15B	5.62B	6.28B	5.88B	7.58B
Gross Margin %	61.02%	63%	64.14%	59.08%	57.81%	59.93%	61%	59.81%	59.97%	62.32%
Gross Profit Growth %	13.9%	20.39%	18.1%	4.26%	24.35%	23.53%	35.52%	11.71%	-6.27%	28.74%
Operating Expenses+	860.66M	916.21M	1.05B	1.31B	1.6B	1.66B	1.97B	2.28B	2.25B	2.33B
OpEx % of Revenue	28.84%	26.33%	26.06%	28.68%	27.52%	23.97%	21.33%	21.75%	22.92%	19.2%
Selling, General & Admin	379.4M	389.34M	443.43M	599.12M	734.15M	729.6M	860.01M	986.33M	969.51M	979.02M
SG&A % of Revenue	12.71%	11.19%	10.98%	13.11%	12.64%	10.55%	9.34%	9.4%	9.88%	8.05%
Research & Development	481.26M	526.87M	608.71M	711.03M	863.86M	928.49M	1.11B	1.3B	1.28B	1.36B
R&D % of Revenue	16.13%	15.14%	15.08%	15.56%	14.88%	13.42%	12%	12.35%	13.03%	11.15%
Other Operating Expenses	7.05M	-3.36M	-2.84M	0	0	0	0	0	0	0
Operating Income+	960.45M	1.28B	1.54B	1.39B	1.76B	2.49B	3.65B	3.99B	3.64B	5.24B
Operating Margin %	32.18%	36.67%	38.08%	30.41%	30.29%	35.97%	39.67%	38.06%	37.05%	43.11%
Operating Income Growth %	45.23%	32.88%	20.45%	-9.62%	26.59%	41.48%	46.84%	9.32%	-8.99%	44.16%
EBITDA+	1.03B	1.33B	1.6B	1.62B	2.11B	2.82B	4.02B	4.41B	4.04B	5.64B
EBITDA Margin %	34.42%	38.17%	39.63%	35.51%	36.29%	40.79%	43.61%	42.01%	41.15%	46.36%
EBITDA Growth %	38.48%	29.3%	20.44%	1.42%	29.85%	33.93%	42.37%	9.76%	-8.44%	39.57%
D&A (Non-Cash Add-back)	66.93M	52.1M	62.68M	233.22M	348.05M	333.33M	363.34M	415.11M	401.73M	394.09M
EBIT	981.08M	1.3B	1.57B	1.42B	1.48B	2.52B	3.65B	4.09B	3.5B	4.95B
Net Interest Income+	-108.38M	-99.21M	-77.51M	-84.24M	-138.63M	-148.4M	-151.64M	-222.84M	-150.56M	-121.89M
Interest Income	14.51M	23.27M	36.87M	40.37M	21.65M	8.93M	8.7M	74.09M	160.69M	180.28M
Interest Expense	122.89M	122.48M	114.38M	124.6M	160.27M	157.33M	160.34M	296.94M	311.25M	302.17M
Other Income/Expense	-102.25M	-103.02M	-81.26M	-93.14M	-442.14M	-128.03M	-164.94M	-205.51M	-445.65M	-596.6M
Pretax Income+	858.19M	1.17B	1.46B	1.3B	1.32B	2.36B	3.49B	3.79B	3.19B	4.64B
Pretax Margin %	28.75%	33.71%	36.07%	28.37%	22.68%	34.12%	37.88%	36.1%	32.51%	38.21%
Income Tax+	153.77M	247.17M	653.67M	121.21M	101.69M	283.1M	167.18M	401.84M	428.14M	582.8M
Effective Tax Rate %	82.08%	78.93%	55.1%	90.7%	92.41%	88.05%	95.2%	89.39%	86.58%	87.45%
Net Income+	704.42M	926.08M	802.26M	1.18B	1.22B	2.08B	3.32B	3.39B	2.76B	4.06B
Net Margin %	23.6%	26.61%	19.87%	25.73%	20.96%	30.04%	36.06%	32.27%	28.15%	33.41%
Net Income Growth %	92.38%	31.47%	-13.37%	46.54%	3.5%	70.8%	59.83%	1.97%	-18.46%	47.06%
Net Income (Continuing)	704.42M	926.08M	802.26M	1.18B	1.22B	2.08B	3.32B	3.39B	2.76B	4.06B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	18.59M	15.59M	-1.91M	-2.26M	0	0	0
EPS (Diluted)+	4.49	5.88	5.10	7.49	7.70	13.37	21.92	24.15	20.28	30.37
EPS Growth %	100.45%	30.96%	-13.27%	46.86%	2.8%	73.64%	63.95%	10.17%	-16.02%	49.75%
EPS (Basic)	4.52	5.92	5.13	7.53	7.76	13.49	22.07	24.28	20.41	30.53
Diluted Shares Outstanding	156.78M	157.48M	157.38M	156.95M	158M	155.44M	151.56M	140.24M	136.19M	133.75M
Basic Shares Outstanding	155.87M	156.47M	156.35M	156.05M	156.8M	154.09M	150.49M	139.48M	135.34M	133.03M
Dividend Payout Ratio	49.16%	37.15%	50.12%	40.17%	42.93%	26.91%	19.22%	21.63%	27.99%	22.27%

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	3.87B	4.39B	4.55B	4.32B	4.72B	5.7B	7.17B	8.37B	10.03B	10.7B
Cash & Short-Term Investments	2.49B	3.02B	2.88B	1.74B	1.98B	2.49B	2.71B	3.24B	4.5B	4.49B
Cash Only	1.11B	1.15B	1.4B	1.02B	1.23B	1.43B	1.58B	1.93B	1.98B	2.08B
Short-Term Investments	1.38B	1.86B	1.48B	723.39M	746.06M	1.06B	1.12B	1.32B	2.53B	2.42B
Accounts Receivable	631.42M	571.12M	651.68M	1.08B	1.26B	1.47B	2.02B	1.94B	2B	2.43B
Days Sales Outstanding	77.22	59.9	58.92	86.61	79.46	77.31	79.89	67.3	74.57	73.07
Inventory	698.63M	732.99M	931.85M	1.26B	1.31B	1.58B	2.15B	2.88B	3.03B	3.21B
Days Inventory Outstanding	219.19	207.79	234.99	246.51	195.34	207.42	218.13	248.92	281.99	255.93
Other Current Assets	9.55M	13M	14.62M	88.79M	93.03M	84.32M	188.74M	195.49M	362.7M	357.26M
Total Non-Current Assets+	1.09B	1.14B	1.09B	4.69B	4.56B	4.57B	5.43B	5.7B	5.4B	5.37B
Property, Plant & Equipment	278.01M	283.98M	286.31M	448.8M	620.61M	765.91M	976.37M	1.24B	1.34B	1.25B
Fixed Asset Turnover	10.74x	12.25x	14.10x	10.18x	9.36x	9.03x	9.43x	8.46x	7.31x	9.70x
Goodwill	335.18M	349.53M	354.7M	2.21B	2.05B	2.01B	2.32B	2.28B	2.02B	1.79B
Intangible Assets	4.33M	18.96M	19.33M	1.56B	1.39B	1.19B	1.19B	935.3M	668.76M	444.79M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	162.16M	182.15M	197.21M	265.97M	262.19M	342.02M	358.17M	428.76M	460.91M	773.61M
Total Assets+	4.96B	5.53B	5.62B	9.01B	9.28B	10.27B	12.6B	14.07B	15.43B	16.07B
Asset Turnover	0.60x	0.63x	0.72x	0.51x	0.63x	0.67x	0.73x	0.75x	0.64x	0.76x
Asset Growth %	2.83%	11.48%	1.58%	60.31%	3.01%	10.68%	22.65%	11.71%	9.67%	4.11%
Total Current Liabilities+	1B	1.29B	1.22B	1.77B	1.7B	2.1B	2.87B	3.74B	4.66B	4.09B
Accounts Payable	106.52M	147.38M	169.35M	202.42M	264.28M	342.08M	443.34M	371.03M	359.49M	458.51M
Days Payables Outstanding	33.42	41.78	42.71	39.52	39.38	45.04	45.04	32.1	33.4	36.53
Short-Term Debt	0	249.98M	0	250M	0	20M	0	0	749.94M	0
Deferred Revenue (Current)	315.69M	341.56M	465.28M	622.69M	684.63M	830.91M	1.28B	1.84B	2.13B	2B
Other Current Liabilities	386.79M	356.31M	373.28M	435.39M	466.55M	573.47M	952.16M	1.01B	1.11B	1.3B
Current Ratio	3.86x	3.40x	3.73x	2.44x	2.78x	2.71x	2.50x	2.24x	2.15x	2.62x
Quick Ratio	3.16x	2.83x	2.97x	1.73x	2.01x	1.96x	1.75x	1.47x	1.50x	1.83x
Cash Conversion Cycle	262.99	225.91	251.21	293.59	235.43	239.69	252.98	284.12	323.16	292.48
Total Non-Current Liabilities+	3.27B	2.91B	2.78B	4.56B	4.9B	4.79B	8.33B	7.41B	7.4B	7.29B
Long-Term Debt	3.06B	2.68B	2.24B	3.17B	3.47B	3.42B	6.66B	5.89B	5.88B	5.88B
Capital Lease Obligations	0	0	0	0	70.89M	70.74M	81.37M	138.35M	153.12M	158.83M
Deferred Tax Liabilities	0	0	1.2M	702.28M	660.88M	650.62M	658.94M	529.29M	486.69M	446.94M
Other Non-Current Liabilities	156.62M	172.41M	493.24M	587.9M	601.4M	560.55M	596.36M	517.83M	490.2M	450.8M
Total Liabilities	4.27B	4.21B	4B	6.33B	6.6B	6.9B	11.2B	11.15B	12.07B	11.38B
Total Debt+	3.06B	2.93B	2.24B	3.42B	3.57B	3.55B	6.77B	6.06B	6.82B	6.09B
Net Debt	1.95B	1.78B	833.02M	2.41B	2.34B	2.11B	5.19B	4.14B	4.84B	4.01B
Debt / Equity	4.44x	2.21x	1.38x	1.28x	1.33x	1.05x	4.84x	2.08x	2.02x	1.30x
Debt / EBITDA	2.98x	2.21x	1.40x	2.11x	1.69x	1.26x	1.69x	1.37x	1.69x	1.08x
Net Debt / EBITDA	1.90x	1.34x	0.52x	1.48x	1.11x	0.75x	1.29x	0.94x	1.20x	0.71x
Interest Coverage	7.82x	10.42x	13.44x	11.15x	10.97x	15.82x	22.79x	13.45x	11.68x	17.34x
Total Equity+	689.11M	1.33B	1.62B	2.68B	2.68B	3.38B	1.4B	2.92B	3.37B	4.69B
Equity Growth %	63.51%	92.48%	22.17%	65.24%	0.12%	25.91%	-58.55%	108.69%	15.36%	39.31%
Book Value per Share	4.40	8.42	10.30	17.06	16.97	21.72	9.23	20.82	24.73	35.08
Total Shareholders' Equity	689.11M	1.33B	1.62B	2.66B	2.67B	3.38B	1.4B	2.92B	3.37B	4.69B
Common Stock	156K	157K	156K	159K	155K	153K	142K	137K	134K	132K
Retained Earnings	284.82M	848.46M	1.06B	714.83M	654.93M	1.28B	366.88M	848.43M	1.14B	2.18B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-48.69M	-51.32M	-53.93M	-73.03M	-79.77M	-75.56M	-27.47M	-36.34M	-49.08M	1.2M
Minority Interest	0	0	0	18.59M	15.59M	-1.91M	-2.26M	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	759.7M	1.08B	1.23B	1.15B	1.78B	2.19B	3.31B	3.67B	3.31B	4.08B
Operating CF Margin %	25.45%	31.02%	30.45%	25.23%	30.64%	31.58%	35.96%	34.96%	33.72%	33.58%
Operating CF Growth %	25.38%	42.12%	13.84%	-6.22%	54.33%	22.83%	51.61%	10.78%	-9.84%	23.37%
Net Income	704.42M	926.08M	802.26M	1.18B	1.22B	2.08B	3.32B	3.39B	2.76B	4.06B
Depreciation & Amortization	66.93M	57.84M	62.68M	233.22M	348.05M	333.33M	363.34M	415.11M	401.73M	394.09M
Stock-Based Compensation	45.05M	50.94M	62.78M	94.19M	111.38M	111.84M	126.92M	171.42M	212.69M	265.01M
Deferred Taxes	19.8M	4.01M	98.76M	-27.51M	-93.11M	-44.45M	-329.5M	-298.14M	-155.23M	-246.58M
Other Non-Cash Items	-16.43M	-4.17M	9.89M	4.05M	284.87M	-49.74M	135.29M	-16.05M	288.66M	253.91M
Working Capital Changes	-60.09M	44.98M	192.74M	-326.34M	-87.36M	-243.31M	-305.41M	10.11M	-201.18M	-646.17M
Change in Receivables	-8.29M	39.75M	-76.03M	-146.15M	-118.36M	-203.16M	-510.33M	-48.53M	-80.89M	-367.9M
Change in Inventory	-67.58M	-46.55M	-179.6M	-59.56M	-74.82M	-270.1M	-567M	-749.05M	-164.09M	-155.17M
Change in Payables	3.11M	39.97M	21.78M	-21.63M	61.14M	79.37M	101.63M	-144.66M	24.98M	33.79M
Cash from Investing+	144.69M	-560.89M	291.62M	-1.18B	-258.87M	-500.4M	-876.46M	-486.87M	-1.48B	-202.48M
Capital Expenditures	-31.74M	-38.59M	-66.95M	-130.5M	-152.68M	-231.63M	-307.32M	-341.59M	-277.38M	-340.21M
CapEx % of Revenue	1.06%	1.11%	1.66%	2.86%	2.63%	3.35%	3.34%	3.25%	2.83%	2.8%
Acquisitions	0	-28.56M	-17.4M	-1.82B	-90.14M	16.83M	-479.11M	43.92M	-3.68M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.08M	2.95M	0	0	0	1.85M	27.66M	0	5.08M	6.42M
Cash from Financing+	-636.7M	-472.81M	-1.27B	-360M	-1.3B	-1.5B	-2.26B	-2.83B	-1.78B	-3.79B
Debt Issued (Net)	-135M	-130M	-697.56M	1.18B	20.8M	-29.66M	3.22B	-793.76M	735.04M	-750M
Equity Issued (Net)	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-346.28M	-343.99M	-402.06M	-472.26M	-522.42M	-559.35M	-638.53M	-732.56M	-773.04M	-904.59M
Share Repurchases	-181.71M	-25M	-203.17M	-1.1B	-829.08M	-938.61M	-4.87B	-1.31B	-1.74B	-2.15B
Other Financing	-12.01M	-19.17M	-28.76M	-38.68M	-44.56M	-56.36M	-86.09M	-112.66M	-147.21M	-132.66M
Net Change in Cash	270.46M	44.56M	251.33M	-388.39M	218.41M	200.2M	150.3M	342.96M	49.26M	101.78M
Free Cash Flow+	727.96M	1.04B	1.16B	1.02B	1.63B	1.95B	3.01B	3.33B	3.03B	3.74B
FCF Margin %	24.39%	29.92%	28.79%	22.37%	28.01%	28.23%	32.63%	31.71%	30.89%	30.78%
FCF Growth %	29.97%	43.01%	11.63%	-12.05%	59.1%	20.12%	53.85%	10.74%	-8.92%	23.44%
FCF per Share	4.64	6.61	7.38	6.51	10.29	12.57	19.83	23.73	22.26	27.98
FCF Conversion (FCF/Net Income)	1.08x	1.17x	1.53x	0.98x	1.46x	1.05x	1.00x	1.08x	1.20x	1.00x
Interest Paid	120.43M	120M	114.24M	107.07M	152.65M	154.2M	154.67M	223.96M	276.6M	292.77M
Taxes Paid	105.19M	234.05M	253.13M	180.47M	204.69M	326M	464.53M	495.1M	830.84M	886.94M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	126.86%	91.89%	54.45%	54.7%	45.41%	68.63%	139.14%	156.86%	87.85%	100.78%
Return on Invested Capital (ROIC)	26.62%	33.34%	41.49%	27.65%	26.12%	35.54%	45.39%	43.92%	35.72%	46.48%
Gross Margin	61.02%	63%	64.14%	59.08%	57.81%	59.93%	61%	59.81%	59.97%	62.32%
Net Margin	23.6%	26.61%	19.87%	25.73%	20.96%	30.04%	36.06%	32.27%	28.15%	33.41%
Debt / Equity	4.44x	2.21x	1.38x	1.28x	1.33x	1.05x	4.84x	2.08x	2.02x	1.30x
Interest Coverage	7.82x	10.42x	13.44x	11.15x	10.97x	15.82x	22.79x	13.45x	11.68x	17.34x
FCF Conversion	1.08x	1.17x	1.53x	0.98x	1.46x	1.05x	1.00x	1.08x	1.20x	1.00x
Revenue Growth	6.06%	16.6%	16%	13.18%	27.09%	19.16%	33.14%	13.94%	-6.51%	23.89%

US Stock Screener

...

KLA Corporation (KLAC) 10-Year Financial Performance & Capital Metrics

KLAC •

TechnologySemiconductorsSemiconductor Test, Metrology and Inspection Equipment

Revenue $12.16B +23.9%
EBITDA $5.64B +39.6%
Net Income $4.06B +47.1%
EPS (Diluted) 30.37 +49.8%
Gross Margin 62.32% +3.9%
EBITDA Margin 46.36% +12.7%
Operating Margin 43.11% +16.4%
Net Margin 33.41% +18.7%
ROE 100.78% +14.7%
ROIC 46.48% +30.1%
Debt/Equity 1.30 -35.9%
Interest Coverage 17.34 +48.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 115.2%
✓Strong 5Y profit CAGR of 27.3%
✓Strong Piotroski F-Score: 9/9
✓FCF machine: 30.8% free cash flow margin
✓Momentum leader: RS Rating 88 (top 12%)
✓Strong 5Y sales CAGR of 15.9%

✗Weaknesses

✗Expensive at 43.5x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y15.76%

5Y15.93%

3Y9.69%

TTM17.57%

Profit (Net Income) CAGR

10Y27.2%

5Y27.26%

3Y6.93%

TTM42.07%

EPS CAGR

10Y29.78%

5Y31.58%

3Y11.48%

TTM44.72%

ROCE

10Y Avg33.18%

5Y Avg38.56%

3Y Avg40.12%

Latest46.07%

Peer Comparison

Semiconductor Test, Metrology and Inspection Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FORMFormFactor, Inc.	7.63B	98.88	111.10	15.16%	6.78%	5.14%	1.04%	0.04
TERTeradyne, Inc.	50.12B	320.03	91.96	13.13%	17.37%	19.82%	0.9%	0.12
NVMINova Ltd.	12.85B	438.86	76.32	29.83%	29.44%	19.66%	1.7%	0.25
CAMTCamtek Ltd.	7.18B	167.39	69.17	36.1%	28.36%	21.35%		0.38
ONTOOnto Innovation Inc.	10.63B	215.89	53.17	21.01%	17.46%	8.74%	2.01%	0.01
KLACKLA Corporation	201.28B	1524.55	50.20	23.89%	35.76%	83.39%	1.86%	1.30
INTTinTEST Corporation	144.21M	11.65	48.54	5.99%	-2.22%	-2.44%	1.73%	0.26
COHUCohu, Inc.	1.41B	30.20	-18.99	12.74%	-16.4%	-9.46%		0.46

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	2.98B	3.48B	4.04B	4.57B	5.81B	6.92B	9.21B	10.5B	9.81B	12.16B
Revenue Growth %	6.06%	16.6%	16%	13.18%	27.09%	19.16%	33.14%	13.94%	-6.51%	23.89%
Cost of Goods Sold+	1.16B	1.29B	1.45B	1.87B	2.45B	2.77B	3.59B	4.22B	3.93B	4.58B
COGS % of Revenue	38.98%	37%	35.86%	40.92%	42.19%	40.07%	39%	40.19%	40.03%	37.68%
Gross Profit+	1.82B	2.19B	2.59B	2.7B	3.36B	4.15B	5.62B	6.28B	5.88B	7.58B
Gross Margin %	61.02%	63%	64.14%	59.08%	57.81%	59.93%	61%	59.81%	59.97%	62.32%
Gross Profit Growth %	13.9%	20.39%	18.1%	4.26%	24.35%	23.53%	35.52%	11.71%	-6.27%	28.74%
Operating Expenses+	860.66M	916.21M	1.05B	1.31B	1.6B	1.66B	1.97B	2.28B	2.25B	2.33B
OpEx % of Revenue	28.84%	26.33%	26.06%	28.68%	27.52%	23.97%	21.33%	21.75%	22.92%	19.2%
Selling, General & Admin	379.4M	389.34M	443.43M	599.12M	734.15M	729.6M	860.01M	986.33M	969.51M	979.02M
SG&A % of Revenue	12.71%	11.19%	10.98%	13.11%	12.64%	10.55%	9.34%	9.4%	9.88%	8.05%
Research & Development	481.26M	526.87M	608.71M	711.03M	863.86M	928.49M	1.11B	1.3B	1.28B	1.36B
R&D % of Revenue	16.13%	15.14%	15.08%	15.56%	14.88%	13.42%	12%	12.35%	13.03%	11.15%
Other Operating Expenses	7.05M	-3.36M	-2.84M	0	0	0	0	0	0	0
Operating Income+	960.45M	1.28B	1.54B	1.39B	1.76B	2.49B	3.65B	3.99B	3.64B	5.24B
Operating Margin %	32.18%	36.67%	38.08%	30.41%	30.29%	35.97%	39.67%	38.06%	37.05%	43.11%
Operating Income Growth %	45.23%	32.88%	20.45%	-9.62%	26.59%	41.48%	46.84%	9.32%	-8.99%	44.16%
EBITDA+	1.03B	1.33B	1.6B	1.62B	2.11B	2.82B	4.02B	4.41B	4.04B	5.64B
EBITDA Margin %	34.42%	38.17%	39.63%	35.51%	36.29%	40.79%	43.61%	42.01%	41.15%	46.36%
EBITDA Growth %	38.48%	29.3%	20.44%	1.42%	29.85%	33.93%	42.37%	9.76%	-8.44%	39.57%
D&A (Non-Cash Add-back)	66.93M	52.1M	62.68M	233.22M	348.05M	333.33M	363.34M	415.11M	401.73M	394.09M
EBIT	981.08M	1.3B	1.57B	1.42B	1.48B	2.52B	3.65B	4.09B	3.5B	4.95B
Net Interest Income+	-108.38M	-99.21M	-77.51M	-84.24M	-138.63M	-148.4M	-151.64M	-222.84M	-150.56M	-121.89M
Interest Income	14.51M	23.27M	36.87M	40.37M	21.65M	8.93M	8.7M	74.09M	160.69M	180.28M
Interest Expense	122.89M	122.48M	114.38M	124.6M	160.27M	157.33M	160.34M	296.94M	311.25M	302.17M
Other Income/Expense	-102.25M	-103.02M	-81.26M	-93.14M	-442.14M	-128.03M	-164.94M	-205.51M	-445.65M	-596.6M
Pretax Income+	858.19M	1.17B	1.46B	1.3B	1.32B	2.36B	3.49B	3.79B	3.19B	4.64B
Pretax Margin %	28.75%	33.71%	36.07%	28.37%	22.68%	34.12%	37.88%	36.1%	32.51%	38.21%
Income Tax+	153.77M	247.17M	653.67M	121.21M	101.69M	283.1M	167.18M	401.84M	428.14M	582.8M
Effective Tax Rate %	82.08%	78.93%	55.1%	90.7%	92.41%	88.05%	95.2%	89.39%	86.58%	87.45%
Net Income+	704.42M	926.08M	802.26M	1.18B	1.22B	2.08B	3.32B	3.39B	2.76B	4.06B
Net Margin %	23.6%	26.61%	19.87%	25.73%	20.96%	30.04%	36.06%	32.27%	28.15%	33.41%
Net Income Growth %	92.38%	31.47%	-13.37%	46.54%	3.5%	70.8%	59.83%	1.97%	-18.46%	47.06%
Net Income (Continuing)	704.42M	926.08M	802.26M	1.18B	1.22B	2.08B	3.32B	3.39B	2.76B	4.06B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	18.59M	15.59M	-1.91M	-2.26M	0	0	0
EPS (Diluted)+	4.49	5.88	5.10	7.49	7.70	13.37	21.92	24.15	20.28	30.37
EPS Growth %	100.45%	30.96%	-13.27%	46.86%	2.8%	73.64%	63.95%	10.17%	-16.02%	49.75%
EPS (Basic)	4.52	5.92	5.13	7.53	7.76	13.49	22.07	24.28	20.41	30.53
Diluted Shares Outstanding	156.78M	157.48M	157.38M	156.95M	158M	155.44M	151.56M	140.24M	136.19M	133.75M
Basic Shares Outstanding	155.87M	156.47M	156.35M	156.05M	156.8M	154.09M	150.49M	139.48M	135.34M	133.03M
Dividend Payout Ratio	49.16%	37.15%	50.12%	40.17%	42.93%	26.91%	19.22%	21.63%	27.99%	22.27%

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	3.87B	4.39B	4.55B	4.32B	4.72B	5.7B	7.17B	8.37B	10.03B	10.7B
Cash & Short-Term Investments	2.49B	3.02B	2.88B	1.74B	1.98B	2.49B	2.71B	3.24B	4.5B	4.49B
Cash Only	1.11B	1.15B	1.4B	1.02B	1.23B	1.43B	1.58B	1.93B	1.98B	2.08B
Short-Term Investments	1.38B	1.86B	1.48B	723.39M	746.06M	1.06B	1.12B	1.32B	2.53B	2.42B
Accounts Receivable	631.42M	571.12M	651.68M	1.08B	1.26B	1.47B	2.02B	1.94B	2B	2.43B
Days Sales Outstanding	77.22	59.9	58.92	86.61	79.46	77.31	79.89	67.3	74.57	73.07
Inventory	698.63M	732.99M	931.85M	1.26B	1.31B	1.58B	2.15B	2.88B	3.03B	3.21B
Days Inventory Outstanding	219.19	207.79	234.99	246.51	195.34	207.42	218.13	248.92	281.99	255.93
Other Current Assets	9.55M	13M	14.62M	88.79M	93.03M	84.32M	188.74M	195.49M	362.7M	357.26M
Total Non-Current Assets+	1.09B	1.14B	1.09B	4.69B	4.56B	4.57B	5.43B	5.7B	5.4B	5.37B
Property, Plant & Equipment	278.01M	283.98M	286.31M	448.8M	620.61M	765.91M	976.37M	1.24B	1.34B	1.25B
Fixed Asset Turnover	10.74x	12.25x	14.10x	10.18x	9.36x	9.03x	9.43x	8.46x	7.31x	9.70x
Goodwill	335.18M	349.53M	354.7M	2.21B	2.05B	2.01B	2.32B	2.28B	2.02B	1.79B
Intangible Assets	4.33M	18.96M	19.33M	1.56B	1.39B	1.19B	1.19B	935.3M	668.76M	444.79M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	162.16M	182.15M	197.21M	265.97M	262.19M	342.02M	358.17M	428.76M	460.91M	773.61M
Total Assets+	4.96B	5.53B	5.62B	9.01B	9.28B	10.27B	12.6B	14.07B	15.43B	16.07B
Asset Turnover	0.60x	0.63x	0.72x	0.51x	0.63x	0.67x	0.73x	0.75x	0.64x	0.76x
Asset Growth %	2.83%	11.48%	1.58%	60.31%	3.01%	10.68%	22.65%	11.71%	9.67%	4.11%
Total Current Liabilities+	1B	1.29B	1.22B	1.77B	1.7B	2.1B	2.87B	3.74B	4.66B	4.09B
Accounts Payable	106.52M	147.38M	169.35M	202.42M	264.28M	342.08M	443.34M	371.03M	359.49M	458.51M
Days Payables Outstanding	33.42	41.78	42.71	39.52	39.38	45.04	45.04	32.1	33.4	36.53
Short-Term Debt	0	249.98M	0	250M	0	20M	0	0	749.94M	0
Deferred Revenue (Current)	315.69M	341.56M	465.28M	622.69M	684.63M	830.91M	1.28B	1.84B	2.13B	2B
Other Current Liabilities	386.79M	356.31M	373.28M	435.39M	466.55M	573.47M	952.16M	1.01B	1.11B	1.3B
Current Ratio	3.86x	3.40x	3.73x	2.44x	2.78x	2.71x	2.50x	2.24x	2.15x	2.62x
Quick Ratio	3.16x	2.83x	2.97x	1.73x	2.01x	1.96x	1.75x	1.47x	1.50x	1.83x
Cash Conversion Cycle	262.99	225.91	251.21	293.59	235.43	239.69	252.98	284.12	323.16	292.48
Total Non-Current Liabilities+	3.27B	2.91B	2.78B	4.56B	4.9B	4.79B	8.33B	7.41B	7.4B	7.29B
Long-Term Debt	3.06B	2.68B	2.24B	3.17B	3.47B	3.42B	6.66B	5.89B	5.88B	5.88B
Capital Lease Obligations	0	0	0	0	70.89M	70.74M	81.37M	138.35M	153.12M	158.83M
Deferred Tax Liabilities	0	0	1.2M	702.28M	660.88M	650.62M	658.94M	529.29M	486.69M	446.94M
Other Non-Current Liabilities	156.62M	172.41M	493.24M	587.9M	601.4M	560.55M	596.36M	517.83M	490.2M	450.8M
Total Liabilities	4.27B	4.21B	4B	6.33B	6.6B	6.9B	11.2B	11.15B	12.07B	11.38B
Total Debt+	3.06B	2.93B	2.24B	3.42B	3.57B	3.55B	6.77B	6.06B	6.82B	6.09B
Net Debt	1.95B	1.78B	833.02M	2.41B	2.34B	2.11B	5.19B	4.14B	4.84B	4.01B
Debt / Equity	4.44x	2.21x	1.38x	1.28x	1.33x	1.05x	4.84x	2.08x	2.02x	1.30x
Debt / EBITDA	2.98x	2.21x	1.40x	2.11x	1.69x	1.26x	1.69x	1.37x	1.69x	1.08x
Net Debt / EBITDA	1.90x	1.34x	0.52x	1.48x	1.11x	0.75x	1.29x	0.94x	1.20x	0.71x
Interest Coverage	7.82x	10.42x	13.44x	11.15x	10.97x	15.82x	22.79x	13.45x	11.68x	17.34x
Total Equity+	689.11M	1.33B	1.62B	2.68B	2.68B	3.38B	1.4B	2.92B	3.37B	4.69B
Equity Growth %	63.51%	92.48%	22.17%	65.24%	0.12%	25.91%	-58.55%	108.69%	15.36%	39.31%
Book Value per Share	4.40	8.42	10.30	17.06	16.97	21.72	9.23	20.82	24.73	35.08
Total Shareholders' Equity	689.11M	1.33B	1.62B	2.66B	2.67B	3.38B	1.4B	2.92B	3.37B	4.69B
Common Stock	156K	157K	156K	159K	155K	153K	142K	137K	134K	132K
Retained Earnings	284.82M	848.46M	1.06B	714.83M	654.93M	1.28B	366.88M	848.43M	1.14B	2.18B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-48.69M	-51.32M	-53.93M	-73.03M	-79.77M	-75.56M	-27.47M	-36.34M	-49.08M	1.2M
Minority Interest	0	0	0	18.59M	15.59M	-1.91M	-2.26M	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	759.7M	1.08B	1.23B	1.15B	1.78B	2.19B	3.31B	3.67B	3.31B	4.08B
Operating CF Margin %	25.45%	31.02%	30.45%	25.23%	30.64%	31.58%	35.96%	34.96%	33.72%	33.58%
Operating CF Growth %	25.38%	42.12%	13.84%	-6.22%	54.33%	22.83%	51.61%	10.78%	-9.84%	23.37%
Net Income	704.42M	926.08M	802.26M	1.18B	1.22B	2.08B	3.32B	3.39B	2.76B	4.06B
Depreciation & Amortization	66.93M	57.84M	62.68M	233.22M	348.05M	333.33M	363.34M	415.11M	401.73M	394.09M
Stock-Based Compensation	45.05M	50.94M	62.78M	94.19M	111.38M	111.84M	126.92M	171.42M	212.69M	265.01M
Deferred Taxes	19.8M	4.01M	98.76M	-27.51M	-93.11M	-44.45M	-329.5M	-298.14M	-155.23M	-246.58M
Other Non-Cash Items	-16.43M	-4.17M	9.89M	4.05M	284.87M	-49.74M	135.29M	-16.05M	288.66M	253.91M
Working Capital Changes	-60.09M	44.98M	192.74M	-326.34M	-87.36M	-243.31M	-305.41M	10.11M	-201.18M	-646.17M
Change in Receivables	-8.29M	39.75M	-76.03M	-146.15M	-118.36M	-203.16M	-510.33M	-48.53M	-80.89M	-367.9M
Change in Inventory	-67.58M	-46.55M	-179.6M	-59.56M	-74.82M	-270.1M	-567M	-749.05M	-164.09M	-155.17M
Change in Payables	3.11M	39.97M	21.78M	-21.63M	61.14M	79.37M	101.63M	-144.66M	24.98M	33.79M
Cash from Investing+	144.69M	-560.89M	291.62M	-1.18B	-258.87M	-500.4M	-876.46M	-486.87M	-1.48B	-202.48M
Capital Expenditures	-31.74M	-38.59M	-66.95M	-130.5M	-152.68M	-231.63M	-307.32M	-341.59M	-277.38M	-340.21M
CapEx % of Revenue	1.06%	1.11%	1.66%	2.86%	2.63%	3.35%	3.34%	3.25%	2.83%	2.8%
Acquisitions	0	-28.56M	-17.4M	-1.82B	-90.14M	16.83M	-479.11M	43.92M	-3.68M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.08M	2.95M	0	0	0	1.85M	27.66M	0	5.08M	6.42M
Cash from Financing+	-636.7M	-472.81M	-1.27B	-360M	-1.3B	-1.5B	-2.26B	-2.83B	-1.78B	-3.79B
Debt Issued (Net)	-135M	-130M	-697.56M	1.18B	20.8M	-29.66M	3.22B	-793.76M	735.04M	-750M
Equity Issued (Net)	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-346.28M	-343.99M	-402.06M	-472.26M	-522.42M	-559.35M	-638.53M	-732.56M	-773.04M	-904.59M
Share Repurchases	-181.71M	-25M	-203.17M	-1.1B	-829.08M	-938.61M	-4.87B	-1.31B	-1.74B	-2.15B
Other Financing	-12.01M	-19.17M	-28.76M	-38.68M	-44.56M	-56.36M	-86.09M	-112.66M	-147.21M	-132.66M
Net Change in Cash	270.46M	44.56M	251.33M	-388.39M	218.41M	200.2M	150.3M	342.96M	49.26M	101.78M
Free Cash Flow+	727.96M	1.04B	1.16B	1.02B	1.63B	1.95B	3.01B	3.33B	3.03B	3.74B
FCF Margin %	24.39%	29.92%	28.79%	22.37%	28.01%	28.23%	32.63%	31.71%	30.89%	30.78%
FCF Growth %	29.97%	43.01%	11.63%	-12.05%	59.1%	20.12%	53.85%	10.74%	-8.92%	23.44%
FCF per Share	4.64	6.61	7.38	6.51	10.29	12.57	19.83	23.73	22.26	27.98
FCF Conversion (FCF/Net Income)	1.08x	1.17x	1.53x	0.98x	1.46x	1.05x	1.00x	1.08x	1.20x	1.00x
Interest Paid	120.43M	120M	114.24M	107.07M	152.65M	154.2M	154.67M	223.96M	276.6M	292.77M
Taxes Paid	105.19M	234.05M	253.13M	180.47M	204.69M	326M	464.53M	495.1M	830.84M	886.94M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	126.86%	91.89%	54.45%	54.7%	45.41%	68.63%	139.14%	156.86%	87.85%	100.78%
Return on Invested Capital (ROIC)	26.62%	33.34%	41.49%	27.65%	26.12%	35.54%	45.39%	43.92%	35.72%	46.48%
Gross Margin	61.02%	63%	64.14%	59.08%	57.81%	59.93%	61%	59.81%	59.97%	62.32%
Net Margin	23.6%	26.61%	19.87%	25.73%	20.96%	30.04%	36.06%	32.27%	28.15%	33.41%
Debt / Equity	4.44x	2.21x	1.38x	1.28x	1.33x	1.05x	4.84x	2.08x	2.02x	1.30x
Interest Coverage	7.82x	10.42x	13.44x	11.15x	10.97x	15.82x	22.79x	13.45x	11.68x	17.34x
FCF Conversion	1.08x	1.17x	1.53x	0.98x	1.46x	1.05x	1.00x	1.08x	1.20x	1.00x
Revenue Growth	6.06%	16.6%	16%	13.18%	27.09%	19.16%	33.14%	13.94%	-6.51%	23.89%

KLA Corporation (KLAC) 10-Year Financial Performance & Capital Metrics

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Growth Metrics

Revenue CAGR

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Revenue History

Financial Ratios

KLA Corporation (KLAC) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare KLAC vs Peers

vs TER

vs NVMI

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios