Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
KLA Corporation's quarterly P/E stands at 35.0x, up 36.2% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 70.3% YoY to 28.1x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 50.20 | 35.00 | 31.84 | 24.72 | 20.83 | 25.70 | 27.62 | 33.35 | 39.42 | 33.95 | 21.20 | 24.40 | 19.84 |
| — | +36.2% | +15.3% | -25.9% | -47.2% | -24.3% | +30.3% | +36.7% | +98.7% | +148.2% | +101.7% | +65.2% | +4.7% | |
| P/S Ratio | 16.56 | 12.18 | 11.12 | 9.36 | 7.40 | 6.88 | 9.19 | 10.87 | 10.07 | 7.96 | 6.56 | 7.09 | 5.69 |
| — | +77.0% | +21.0% | -13.9% | -26.6% | -13.6% | +40.1% | +53.4% | +77.1% | +77.6% | +65.7% | +48.1% | -5.9% | |
| P/B Ratio | 43.45 | 29.39 | 28.64 | 25.34 | 22.63 | 23.63 | 29.34 | 33.13 | 30.67 | 26.02 | 21.03 | 22.87 | 20.63 |
| — | +24.4% | -2.4% | -23.5% | -26.2% | -9.2% | +39.5% | +44.9% | +48.7% | +26.6% | +2.5% | -32.8% | +52.0% | |
| P/FCF | 53.79 | 31.82 | 33.50 | 27.92 | 22.95 | 27.96 | 27.93 | 33.54 | 28.31 | 36.30 | 19.27 | 18.96 | 14.94 |
| — | +13.8% | +19.9% | -16.7% | -18.9% | -23.0% | +44.9% | +76.9% | +89.4% | +61.3% | +65.7% | +18.9% | -22.4% | |
| EV / EBITDA | 36.43 | 28.14 | 25.61 | 20.47 | 16.96 | 16.52 | 22.47 | 25.23 | 26.35 | 19.88 | 16.78 | 19.08 | 15.49 |
| — | +70.3% | +14.0% | -18.9% | -35.7% | -16.9% | +33.9% | +32.3% | +70.1% | +78.1% | +70.5% | +55.1% | +6.0% | |
| EV / EBIT | 39.17 | 29.37 | 26.61 | 21.92 | 17.74 | 21.22 | 23.54 | 28.29 | 31.89 | 27.31 | 18.15 | 20.88 | 17.09 |
| — | +38.4% | +13.1% | -22.5% | -44.4% | -22.3% | +29.6% | +35.5% | +86.7% | +128.6% | +74.0% | +57.2% | +4.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
KLA Corporation's operating margin was 41.3% in Q2 2026, down 0.3 pp QoQ and up 0.9 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 42.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.3% | 61.4% | 61.3% | 63.2% | 61.6% | 60.3% | 59.6% | 62.0% | 59.1% | 60.7% | 60.5% | 59.1% | 58.7% |
| — | +1.9% | +2.8% | +1.9% | +4.2% | -0.7% | -1.4% | +5.0% | +0.7% | +2.1% | -2.1% | -2.5% | -3.9% | |
| Operating Margin | 43.1% | 41.3% | 41.7% | 44.2% | 42.5% | 40.4% | 39.4% | 41.0% | 36.0% | 38.3% | 37.5% | 35.0% | 35.4% |
| — | +2.3% | +5.7% | +7.9% | +17.9% | +5.4% | +5.1% | +17.2% | +1.8% | -4.7% | -8.0% | -10.5% | -9.5% | |
| Net Margin | 33.4% | 34.7% | 34.9% | 37.9% | 35.5% | 26.8% | 33.3% | 32.6% | 25.5% | 23.4% | 30.9% | 29.1% | 28.7% |
| — | +29.7% | +4.9% | +16.2% | +39.1% | +14.4% | +7.6% | +12.1% | -11.0% | -28.6% | -17.9% | -10.2% | -10.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 100.8% | 21.9% | 23.2% | 27.7% | 28.7% | 23.1% | 27.3% | 25.9% | 19.6% | 19.3% | 25.1% | 24.4% | 26.4% |
| — | -5.0% | -15.2% | +6.9% | +46.4% | +19.5% | +8.8% | +5.9% | -25.8% | -53.6% | -57.2% | -16.9% | +46.8% | |
| ROA | 25.8% | 6.9% | 6.9% | 7.7% | 7.2% | 5.4% | 6.1% | 5.5% | 4.1% | 4.1% | 5.3% | 4.9% | 5.1% |
| — | +29.0% | +13.9% | +39.8% | +75.2% | +31.1% | +15.7% | +11.6% | -19.2% | -43.8% | -34.1% | -24.6% | -17.4% | |
| ROIC | 46.5% | 11.1% | 11.3% | 12.4% | 12.1% | 11.5% | 10.1% | 9.7% | 8.2% | 9.6% | 9.4% | 8.7% | 8.9% |
| — | -3.4% | +11.3% | +28.3% | +48.3% | +19.0% | +7.9% | +11.6% | -8.4% | -25.1% | -25.3% | -22.3% | -17.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
KLA Corporation's Debt/EBITDA ratio is 4.3x — elevated, raising questions about debt serviceability. The current ratio has improved 17.3% YoY to 2.77x, strengthening the short-term liquidity position. Debt/Equity has declined for 8 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.30 | 1.15 | 1.22 | 1.30 | 1.52 | 1.69 | 1.92 | 2.02 | 2.20 | 2.00 | 2.03 | 2.08 | 2.26 |
| — | -32.2% | -36.3% | -35.9% | -31.0% | -15.2% | -5.5% | -2.5% | -2.4% | -16.4% | -33.6% | -57.1% | +142.9% | |
| Debt / EBITDA | 1.08 | 4.30 | 4.24 | 4.06 | 4.35 | 4.51 | 5.61 | 5.91 | 7.20 | 5.79 | 6.06 | 6.53 | 6.28 |
| — | -4.7% | -24.4% | -31.4% | -39.5% | -22.0% | -7.3% | -9.4% | +14.7% | +21.1% | +14.3% | +3.4% | +63.4% | |
| Current Ratio | 2.62 | 2.77 | 2.69 | 2.62 | 2.54 | 2.36 | 2.13 | 2.15 | 2.14 | 1.91 | 2.21 | 2.24 | 2.35 |
| — | +17.3% | +26.3% | +21.7% | +19.0% | +23.4% | -3.5% | -3.8% | -8.9% | -18.0% | -9.3% | -10.4% | +0.8% | |
| Quick Ratio | 1.83 | 1.95 | 1.88 | 1.83 | 1.74 | 1.63 | 1.48 | 1.50 | 1.46 | 1.25 | 1.42 | 1.47 | 1.54 |
| — | +19.7% | +26.6% | +22.1% | +18.7% | +30.1% | +4.4% | +2.2% | -5.1% | -22.3% | -14.8% | -16.1% | -5.2% | |
| Interest Coverage | 17.34 | 19.55 | 18.81 | 19.21 | 18.09 | 16.57 | 13.63 | 12.71 | 10.61 | 12.83 | 12.11 | 11.07 | 11.51 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonKLA Corporation's current P/E is 50.2x. The average P/E over the last 4 quarters is 28.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
KLA Corporation's current operating margin is 43.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking KLA Corporation's business trajectory between earnings reports.