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KLA (KLAC) Financials

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$870.76 -23.24 (-2.60%)
As of 10:48 AM Eastern
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Annual Income Statements for KLA

Annual Income Statements for KLA

This table shows KLA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 366 704 926 802 1,176 1,217 2,078 3,322 3,387 2,762 4,062
Consolidated Net Income / (Loss)		 366 704 926 802 1,175 1,215 2,077 3,322 3,387 2,762 4,062
Net Income / (Loss) Continuing Operations		 366 704 926 802 1,175 1,215 2,077 3,322 3,387 2,762 4,062
Total Pre-Tax Income 		434 858 1,173 1,456 1,296 1,317 2,360 3,489 3,789 3,190 4,644
Total Operating Income		 661 960 503 1,540 1,389 1,339 2,488 3,654 3,995 3,346 4,775
Total Gross Profit		 1,599 1,821 1,418 2,591 2,700 3,357 4,147 5,619 6,278 5,884 7,404
Total Revenue		 2,814 2,984 2,704 4,037 4,569 5,806 6,919 9,212 10,496 9,812 12,156
Total Cost of Revenue		 1,215 1,163 1,286 1,446 1,869 2,450 2,772 3,592 4,218 3,928 4,752
Operating Cost of Revenue		 1,215 1,163 1,286 1,446 1,869 2,450 2,772 3,592 4,218 3,928 4,752
Total Operating Expenses		 937 861 915 1,051 1,310 2,018 1,658 1,965 2,283 2,538 2,629
Selling, General & Admin Expense		 407 379 388 442 599 734 730 860 986 970 1,030
Research & Development Expense		 531 481 527 609 711 864 928 1,105 1,297 1,279 1,360
Impairment Charge		 - - - 0.00 0.00 257 - 0.00 0.00 289 239
Total Other Income / (Expense), net		 -227 -102 670 -84 -93 -23 -128 -165 -206 -156 -131
Interest Expense		 106 123 122 114 125 23 157 160 310 311 302
Other Income / (Expense), net		 -132 - 776 30 31 - 29 -4.61 105 155 171
Income Tax Expense		 68 154 247 654 121 102 283 167 402 428 583
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 0.00 -0.60 -1.76 -0.94 0.25 0.07 0.00 0.00
Basic Earnings per Share		 $2.26 $4.52 $5.92 $5.13 $7.53 $7.76 $13.49 $22.07 $24.28 $20.41 $30.53
Weighted Average Basic Shares Outstanding		 162.28M 155.87M 156.47M 156.35M 156.05M 156.80M 154.09M 150.49M 139.48M 135.35M 133.03M
Diluted Earnings per Share		 $2.24 $4.49 $5.88 $5.10 $7.49 $7.70 $13.37 $21.92 $24.15 $20.28 $30.37
Weighted Average Diluted Shares Outstanding		 163.70M 156.78M 157.48M 157.38M 156.95M 158.01M 155.44M 151.56M 140.24M 136.19M 133.75M
Weighted Average Basic & Diluted Shares Outstanding		 162M 155.80M 156.40M 156.40M 172.60M 155.46M 152.74M 141.80M 136.72M 134.43M 131.96M

Quarterly Income Statements for KLA

This table shows KLA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 979 698 685 741 583 602 836 946 825 1,088 1,203
Consolidated Net Income / (Loss)		 979 698 685 741 583 602 836 946 825 1,088 1,203
Net Income / (Loss) Continuing Operations		 979 698 685 741 583 602 836 946 825 1,088 1,203
Total Pre-Tax Income 		1,143 801 776 852 691 702 945 1,079 973 1,264 1,329
Total Operating Income		 1,199 861 824 899 733 736 977 1,120 1,003 1,300 1,352
Total Gross Profit		 1,775 1,427 1,392 1,450 1,510 1,366 1,558 1,694 1,855 1,887 1,967
Total Revenue		 2,984 2,433 2,355 2,397 2,487 2,360 2,569 2,842 3,077 3,063 3,175
Total Cost of Revenue		 1,209 1,005 963 947 977 994 1,011 1,147 1,221 1,176 1,207
Operating Cost of Revenue		 1,209 1,005 963 947 977 994 1,011 1,147 1,221 1,176 1,207
Total Operating Expenses		 576 567 568 551 777 630 581 574 852 587 616
Selling, General & Admin Expense		 243 238 251 240 237 238 255 251 267 249 263
Research & Development Expense		 333 328 317 311 320 322 326 323 346 338 353
Total Other Income / (Expense), net		 -56 -60 -49 -47 -42 -34 -32 -41 -31 -36 -23
Interest Expense		 74 75 73 74 74 80 83 82 75 72 73
Other Income / (Expense), net		 18 15 25 27 32 46 51 41 44 36 50
Income Tax Expense		 164 103 91 110 109 100 109 133 148 176 126
Basic Earnings per Share		 $6.93 $5.06 $5.06 $5.43 $4.30 $4.46 $6.22 $7.05 $6.18 $8.21 $9.09
Weighted Average Basic Shares Outstanding		 141.30M 137.87M 139.48M 136.41M 135.54M 134.95M 135.35M 134.13M 133.33M 132.61M 133.03M
Diluted Earnings per Share		 $6.89 $5.03 $5.03 $5.41 $4.28 $4.43 $6.16 $7.01 $6.16 $8.16 $9.04
Weighted Average Diluted Shares Outstanding		 141.97M 138.65M 140.24M 137.10M 136.25M 135.86M 136.19M 134.86M 133.93M 133.30M 133.75M
Weighted Average Basic & Diluted Shares Outstanding		 138.48M 137.20M 136.72M 135.93M 135.23M 134.64M 134.43M 133.76M 132.89M 132.24M 131.96M

Annual Cash Flow Statements for KLA

This table details how cash moves in and out of KLA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Change in Cash & Equivalents		 207 270 45 251 -388 218 200 150 343 49 102
Net Cash From Operating Activities		 606 760 1,080 1,229 1,153 1,779 2,185 3,313 3,670 3,309 4,082
Net Cash From Continuing Operating Activities		 606 760 1,080 1,229 1,153 1,779 2,185 3,313 3,670 3,309 4,082
Net Income / (Loss) Continuing Operations		 366 704 926 802 1,175 1,215 2,077 3,322 3,387 2,762 4,062
Consolidated Net Income / (Loss)		 366 704 926 802 1,175 1,215 2,077 3,322 3,387 2,762 4,062
Depreciation Expense		 81 67 58 63 233 348 333 363 415 402 394
Non-Cash Adjustments To Reconcile Net Income		 172 29 47 -3.36 98 418 62 179 155 501 519
Changes in Operating Assets and Liabilities, net		 -12 -40 49 368 -354 -202 -288 -552 -288 -356 -893
Net Cash From Investing Activities		 918 145 -561 292 -1,181 -259 -500 -876 -483 -1,477 -202
Net Cash From Continuing Investing Activities		 918 145 -561 292 -1,181 -259 -500 -876 -483 -1,477 -202
Purchase of Property, Plant & Equipment		 -46 -32 -39 -67 -130 -153 -232 -307 -342 -277 -335
Acquisitions		 0.00 0.00 -29 -17 -1,819 -90 0.00 -479 -27 -3.68 -4.95
Purchase of Investments		 -1,792 -1,244 -1,728 -548 -163 -909 -1,127 -1,109 -1,539 -2,891 -2,891
Sale of Property, Plant & Equipment		 0.00 7.08 2.95 - 0.00 0.00 1.86 28 0.00 5.08 0.16
Divestitures		 - - - - 0.00 0.00 17 0.00 75 0.00 0.00
Sale and/or Maturity of Investments		 2,756 1,413 1,231 924 931 893 839 991 1,349 1,690 3,022
Other Investing Activities, net		 - - - - - - - - 0.00 0.00 6.26
Net Cash From Financing Activities		 -1,303 -637 -473 -1,270 -360 -1,300 -1,498 -2,257 -2,830 -1,776 -3,786
Net Cash From Continuing Financing Activities		 -1,303 -637 -473 -1,270 -360 -1,300 -1,498 -2,257 -2,830 -1,776 -3,786
Repayment of Debt		 -916 -135 -130 -946 -902 -1,171 -70 -620 -1,094 0.00 -750
Repurchase of Common Equity		 -603 -182 -25 -203 -1,095 -829 -939 -3,968 -1,312 -1,736 -2,150
Payment of Dividends		 -3,041 -346 -344 -402 -472 -524 -559 -639 -737 -773 -905
Issuance of Debt		 3,225 0.00 0.00 249 2,084 1,192 40 3,842 300 735 0.00
Issuance of Common Equity		 47 38 45 61 65 76 86 113 125 145 152
Other Financing Activities, net		 -15 -12 -19 -29 -39 -43 -56 -85 -113 -147 -133
Other Net Changes in Cash		 - - -1.41 - - - 13 -29 -14 -6.31 8.04
Cash Interest Paid		 93 120 120 114 107 153 154 155 224 277 293
Cash Income Taxes Paid		 70 105 234 253 180 205 326 465 495 831 887

Quarterly Cash Flow Statements for KLA

This table details how cash moves in and out of KLA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -248 -2.96 359 -216 -47 183 129 0.07 -139 20 221
Net Cash From Operating Activities		 688 1,011 959 884 622 910 893 995 850 1,072 1,165
Net Cash From Continuing Operating Activities		 688 1,011 959 884 622 910 893 995 850 1,072 1,165
Net Income / (Loss) Continuing Operations		 979 698 685 741 583 602 836 946 825 1,088 1,203
Consolidated Net Income / (Loss)		 979 698 685 741 583 602 836 946 825 1,088 1,203
Depreciation Expense		 104 105 105 102 99 99 101 96 104 98 96
Non-Cash Adjustments To Reconcile Net Income		 18 32 68 59 233 135 74 69 312 75 63
Changes in Operating Assets and Liabilities, net		 -412 177 102 -19 -293 74 -119 -116 -391 -189 -197
Net Cash From Investing Activities		 -241 -113 -74 -392 -88 -858 -139 -171 614 -320 -325
Net Cash From Continuing Investing Activities		 -241 -113 -74 -392 -88 -858 -139 -171 614 -320 -325
Purchase of Property, Plant & Equipment		 -94 -85 -79 -68 -77 -72 -61 -60 -92 -82 -100
Acquisitions		 - - - - - -3.68 - - - - -2.10
Purchase of Investments		 -319 -443 -500 -581 -468 -1,219 -624 -856 -506 -751 -778
Sale and/or Maturity of Investments		 172 415 504 257 451 436 546 745 1,212 516 549
Other Investing Activities, net		 - - - - - - - - - - 5.95
Net Cash From Financing Activities		 -711 -903 -511 -705 -591 139 -619 -838 -1,583 -735 -630
Net Cash From Continuing Financing Activities		 -711 -903 -511 -705 -591 139 -619 -838 -1,583 -735 -630
Repurchase of Common Equity		 -355 -478 -389 -455 -438 -372 -470 -567 -650 -507 -426
Payment of Dividends		 -184 -181 -180 -182 -197 -197 -198 -198 -227 -226 -254
Issuance of Common Equity		 34 - 91 - - - 97 - - - 104
Other Financing Activities, net		 -5.10 -19 -34 -68 -4.68 -27 -48 -72 -3.61 -2.68 -54
Other Net Changes in Cash		 - - - - - - - - - - 11
Cash Interest Paid		 30 125 25 113 25 113 25 131 25 129 7.77
Cash Income Taxes Paid		 293 57 44 99 506 160 66 96 362 198 231

Annual Balance Sheets for KLA

This table presents KLA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Total Assets		 4,826 4,962 5,532 5,639 9,009 9,280 10,271 12,597 14,072 15,434 16,068
Total Current Assets		 3,905 3,868 4,392 4,549 4,315 4,724 5,696 7,169 8,372 10,031 10,699
Cash & Equivalents		 838 1,108 1,153 1,404 1,016 1,234 1,435 1,585 1,928 1,977 2,079
Short-Term Investments		 1,549 1,383 1,864 1,476 723 746 1,060 1,123 1,315 2,527 2,416
Accounts Receivable		 585 613 571 652 990 1,107 1,305 1,812 1,753 1,833 2,264
Inventories, net		 618 699 733 932 1,263 1,311 1,575 2,147 2,877 3,035 3,212
Other Current Assets		 78 65 71 85 323 325 321 502 499 659 728
Plant, Property, & Equipment, net		 315 278 284 286 449 520 663 850 1,032 1,110 1,253
Total Noncurrent Assets		 607 816 856 803 4,245 4,037 3,912 4,578 4,668 4,292 4,116
Goodwill		 335 335 350 355 2,212 2,045 2,011 2,320 2,279 2,016 1,792
Intangible Assets		 12 4.33 19 19 1,561 1,391 1,185 1,194 935 669 445
Noncurrent Deferred & Refundable Income Taxes		 79 302 292 193 206 237 270 579 817 915 1,106
Other Noncurrent Operating Assets		 181 175 196 236 266 363 445 485 637 693 774
Total Liabilities & Shareholders' Equity		 4,826 4,962 5,532 5,639 9,009 9,280 10,271 12,597 14,072 15,434 16,068
Total Liabilities		 4,405 4,273 4,206 4,018 6,331 6,599 6,895 11,198 11,153 12,065 11,375
Total Current Liabilities		 1,002 1,002 1,293 1,214 1,768 1,700 2,103 2,871 3,743 4,661 4,086
Short-Term Debt		 17 0.00 250 0.00 250 0.00 20 - 0.00 750 0.00
Accounts Payable		 103 107 147 169 202 264 342 443 371 359 459
Current Deferred Revenue		 220 234 246 349 489 570 580 883 1,068 1,488 1,365
Other Current Liabilities		 661 662 649 696 827 866 1,161 1,545 2,303 2,064 2,262
Total Noncurrent Liabilities		 3,403 3,271 2,913 2,804 4,562 4,899 4,792 8,327 7,410 7,404 7,290
Long-Term Debt		 3,173 3,058 2,680 2,237 3,173 3,470 3,423 6,661 5,891 5,880 5,884
Noncurrent Deferred Revenue		 47 56 60 72 - 96 88 125 177 294 349
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 1.20 702 661 651 659 529 487 447
Other Noncurrent Operating Liabilities		 182 157 172 493 687 672 631 883 813 743 610
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 421 689 1,326 1,621 2,678 2,681 3,376 1,399 2,920 3,368 4,692
Total Preferred & Common Equity		 421 689 1,326 1,621 2,659 2,665 3,378 1,401 2,920 3,368 4,692
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 421 689 1,326 1,621 2,659 2,665 3,378 1,401 2,920 3,368 4,692
Common Stock		 474 453 529 618 2,017 2,090 2,176 1,062 2,108 2,280 2,512
Retained Earnings		 -12 285 848 1,056 715 655 1,277 367 848 1,137 2,179
Accumulated Other Comprehensive Income / (Loss)		 -41 -49 -51 -54 -73 -80 -76 -27 -36 -49 1.20

Quarterly Balance Sheets for KLA

This table presents KLA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Total Assets		 13,124 13,729 13,684 14,072 14,137 14,281 14,957 15,434 15,682 15,002 15,188
Total Current Assets		 7,644 8,133 8,019 8,372 8,431 8,749 9,528 10,031 10,228 9,773 9,945
Cash & Equivalents		 1,819 1,571 1,569 1,928 1,712 1,665 1,848 1,977 1,977 1,838 1,858
Short-Term Investments		 1,134 1,295 1,322 1,315 1,638 1,678 2,446 2,527 2,653 1,942 2,171
Accounts Receivable		 1,857 2,283 1,940 1,753 1,631 1,844 1,625 1,833 1,953 2,335 2,160
Inventories, net		 2,408 2,535 2,750 2,877 3,008 3,039 3,007 3,035 3,110 3,046 3,156
Other Current Assets		 425 448 439 499 443 523 601 659 536 611 601
Plant, Property, & Equipment, net		 913 965 984 1,032 1,060 1,089 1,106 1,110 1,118 1,174 1,198
Total Noncurrent Assets		 4,567 4,632 4,681 4,668 4,646 4,443 4,323 4,292 4,335 4,055 4,045
Goodwill		 2,279 2,279 2,279 2,279 2,279 2,086 2,016 2,016 2,016 1,785 1,788
Intangible Assets		 1,131 1,065 1,000 935 872 786 728 669 612 549 496
Noncurrent Deferred & Refundable Income Taxes		 662 765 784 817 870 902 879 915 982 1,002 1,023
Other Noncurrent Operating Assets		 494 523 618 637 625 668 700 693 726 719 739
Total Liabilities & Shareholders' Equity		 13,124 13,729 13,684 14,072 14,137 14,281 14,957 15,434 15,682 15,002 15,188
Total Liabilities		 11,022 11,126 11,001 11,153 11,147 11,237 11,862 12,065 12,122 11,417 11,184
Total Current Liabilities		 3,139 3,483 3,419 3,743 3,818 4,571 4,459 4,661 4,798 4,138 3,910
Short-Term Debt		 - - - 0.00 - 750 750 750 750 0.00 0.00
Accounts Payable		 480 530 411 371 364 377 355 359 377 433 429
Current Deferred Revenue		 803 908 898 1,068 1,073 1,330 1,445 1,488 1,390 1,594 1,377
Other Current Liabilities		 1,856 2,044 2,109 2,303 2,381 2,114 1,909 2,064 2,282 2,111 2,103
Total Noncurrent Liabilities		 7,882 7,643 7,582 7,410 7,329 6,666 7,404 7,404 7,324 7,279 7,274
Long-Term Debt		 6,313 6,114 5,890 5,891 5,892 5,143 5,879 5,880 5,881 5,882 5,883
Noncurrent Deferred Revenue		 130 163 176 177 192 222 271 294 320 334 352
Noncurrent Deferred & Payable Income Tax Liabilities		 558 559 514 529 506 494 480 487 472 424 406
Other Noncurrent Operating Liabilities		 882 807 1,002 813 739 807 773 743 651 639 632
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,102 2,603 2,683 2,920 2,990 3,044 3,095 3,368 3,560 3,585 4,005
Total Preferred & Common Equity		 2,102 2,603 2,683 2,920 2,990 3,044 3,095 3,368 3,560 3,585 4,005
Total Common Equity		 2,102 2,603 2,683 2,920 2,990 3,044 3,095 3,368 3,560 3,585 4,005
Common Stock		 1,042 1,982 1,997 2,108 2,073 2,155 2,178 2,280 2,257 2,346 2,401
Retained Earnings		 1,119 670 721 848 966 921 959 1,137 1,328 1,285 1,646
Accumulated Other Comprehensive Income / (Loss)		 -59 -49 -35 -36 -49 -32 -42 -49 -26 -46 -43

Annual Metrics And Ratios for KLA

This table displays calculated financial ratios and metrics derived from KLA's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.94% 6.06% -9.40% 49.29% 13.18% 27.09% 19.16% 33.14% 13.94% -6.51% 23.89%
EBITDA Growth		 -28.64% 68.37% 30.11% 22.16% 1.29% 2.01% 68.98% 40.75% 12.50% -13.55% 36.84%
EBIT Growth		 -31.40% 81.33% 33.16% 22.79% -9.52% -5.74% 88.00% 44.95% 12.33% -14.59% 41.28%
NOPAT Growth		 -8.95% 41.33% -49.66% 113.79% 48.43% -1.88% 77.21% 58.86% 2.64% -18.87% 44.14%
Net Income Growth		 -37.17% 92.38% 31.47% -13.37% 46.46% 3.40% 70.97% 59.92% 1.97% -18.46% 47.06%
EPS Growth		 -35.45% 100.45% 30.96% -13.27% 46.86% 2.80% 73.64% 63.95% 10.17% -16.02% 49.75%
Operating Cash Flow Growth		 -22.21% 25.38% 42.12% 13.84% -6.22% 54.33% 22.83% 51.61% 10.78% -9.84% 23.37%
Free Cash Flow Firm Growth		 -10.07% 27.31% -45.53% 169.33% -291.23% 167.18% 42.67% 20.37% 36.89% -11.49% 20.82%
Invested Capital Growth		 -2.94% 2.53% -1.24% -21.17% 346.17% -4.39% 3.69% 23.77% 4.03% -1.31% 10.69%
Revenue Q/Q Growth		 0.79% 5.77% -21.86% 29.00% 10.99% -1.07% 7.22% 6.49% -1.24% 2.23% 5.25%
EBITDA Q/Q Growth		 -14.59% 16.14% 0.05% 116.80% 18.07% -14.74% 23.90% 6.07% -1.96% 4.70% 7.43%
EBIT Q/Q Growth		 -16.17% 18.20% 0.10% 127.18% 10.95% -15.34% 27.58% 6.21% -2.25% 5.38% 8.18%
NOPAT Q/Q Growth		 6.52% 18.91% -61.17% 137.75% 10.77% -12.64% 23.06% 4.42% -3.79% 5.00% 9.41%
Net Income Q/Q Growth		 3.77% 22.53% -1.63% 13.05% -10.06% 18.88% 12.01% 5.47% -3.44% 5.82% 9.92%
EPS Q/Q Growth		 5.16% 23.35% -1.84% 13.59% -11.05% 21.07% 12.07% 6.51% -1.59% 5.90% 10.48%
Operating Cash Flow Q/Q Growth		 12.82% 5.06% 11.18% -6.76% -4.00% 7.71% 0.59% 11.95% 3.96% -1.97% 7.15%
Free Cash Flow Firm Q/Q Growth		 20.52% 4.99% -56.86% 36.59% 8.89% -15.59% 13.00% 9.26% 3.88% -1.40% 5.95%
Invested Capital Q/Q Growth		 -11.95% -5.76% -11.33% 3.77% -1.12% 0.86% 5.15% 2.91% -2.02% 1.20% 3.80%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 56.82% 61.02% 52.43% 64.18% 59.08% 57.81% 59.93% 61.00% 59.81% 59.97% 60.91%
EBITDA Margin		 21.68% 34.42% 49.44% 40.45% 36.20% 29.06% 41.21% 43.56% 43.01% 39.78% 43.93%
Operating Margin		 23.50% 32.18% 18.60% 38.15% 30.41% 23.07% 35.97% 39.67% 38.06% 34.10% 39.28%
EBIT Margin		 18.82% 32.18% 47.30% 38.90% 31.10% 23.07% 36.39% 39.62% 39.06% 35.68% 40.69%
Profit (Net Income) Margin		 13.01% 23.60% 34.25% 19.87% 25.72% 20.93% 30.03% 36.06% 32.27% 28.15% 33.41%
Tax Burden Percent		 84.34% 82.08% 78.93% 55.10% 90.65% 92.28% 88.01% 95.21% 89.40% 86.58% 87.45%
Interest Burden Percent		 81.96% 89.35% 91.74% 92.72% 91.23% 98.32% 93.75% 95.61% 92.43% 91.11% 93.89%
Effective Tax Rate		 15.66% 17.92% 21.07% 44.90% 9.35% 7.72% 11.99% 4.79% 10.60% 13.42% 12.55%
Return on Invested Capital (ROIC)		 44.86% 63.56% 31.80% 76.52% 47.18% 28.97% 51.57% 71.91% 65.41% 52.38% 72.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 68.76% 51.31% 252.13% 89.20% 30.96% 27.66% 42.32% 65.51% 59.84% 46.72% 65.64%
Return on Net Nonoperating Assets (RNNOA)		 -26.96% 63.30% 60.09% -22.07% 7.50% 16.38% 17.03% 67.24% 91.45% 35.46% 28.63%
Return on Equity (ROE)		 17.90% 126.86% 91.89% 54.45% 54.67% 45.35% 68.60% 139.15% 156.86% 87.85% 100.78%
Cash Return on Invested Capital (CROIC)		 47.85% 61.06% 33.06% 100.20% -79.59% 33.46% 47.95% 50.67% 61.46% 53.70% 61.99%
Operating Return on Assets (OROA)		 10.22% 19.62% 24.37% 28.11% 19.40% 14.65% 25.76% 31.92% 30.74% 23.73% 31.41%
Return on Assets (ROA)		 7.07% 14.39% 17.65% 14.36% 16.04% 13.29% 21.25% 29.05% 25.40% 18.72% 25.79%
Return on Common Equity (ROCE)		 17.90% 126.86% 91.89% 54.45% 54.44% 45.06% 68.44% 139.27% 156.95% 87.85% 100.78%
Return on Equity Simple (ROE_SIMPLE)		 86.88% 102.22% 69.82% 49.51% 44.19% 45.58% 61.50% 237.06% 116.02% 82.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 558 788 397 848 1,259 1,236 2,190 3,479 3,571 2,897 4,176
NOPAT Margin		 19.82% 26.42% 14.68% 21.02% 27.57% 21.28% 31.65% 37.77% 34.02% 29.53% 34.35%
Net Nonoperating Expense Percent (NNEP)		 -23.89% 12.25% -220.33% -12.68% 16.22% 1.31% 9.25% 6.41% 5.57% 5.67% 6.50%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 39.48%
Cost of Revenue to Revenue		 43.18% 38.98% 47.57% 35.82% 40.92% 42.19% 40.07% 39.00% 40.19% 40.03% 39.09%
SG&A Expenses to Revenue		 14.46% 12.71% 14.36% 10.96% 13.11% 12.64% 10.55% 9.34% 9.40% 9.88% 8.47%
R&D to Revenue		 18.86% 16.13% 19.48% 15.08% 15.56% 14.88% 13.42% 12.00% 12.35% 13.03% 11.19%
Operating Expenses to Revenue		 33.31% 28.84% 33.84% 26.03% 28.68% 34.75% 23.97% 21.33% 21.75% 25.87% 21.63%
Earnings before Interest and Taxes (EBIT)		 530 960 1,279 1,570 1,421 1,339 2,518 3,650 4,099 3,501 4,947
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 610 1,027 1,337 1,633 1,654 1,687 2,851 4,013 4,515 3,903 5,341
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 17.75 14.24 9.55 8.93 6.69 10.75 14.18 33.14 22.53 32.90 25.24
Price to Tangible Book Value (P/TBV)		 100.68 28.06 13.22 11.61 0.00 0.00 264.53 0.00 0.00 162.04 48.24
Price to Revenue (P/Rev)		 2.66 3.29 4.68 3.58 3.90 4.94 6.92 5.04 6.27 11.29 9.74
Price to Earnings (P/E)		 20.42 13.93 13.68 18.04 15.14 23.56 23.05 13.98 19.42 40.12 29.16
Dividend Yield		 39.56% 3.30% 2.65% 2.71% 2.72% 1.79% 1.15% 1.35% 1.08% 0.69% 0.75%
Earnings Yield		 4.90% 7.18% 7.31% 5.54% 6.61% 4.25% 4.34% 7.15% 5.15% 2.49% 3.43%
Enterprise Value to Invested Capital (EV/IC)		 6.76 8.26 10.14 14.14 4.47 7.23 11.30 9.42 12.29 20.55 19.70
Enterprise Value to Revenue (EV/Rev)		 2.94 3.48 4.65 3.43 4.27 5.20 7.06 5.47 6.52 11.51 9.86
Enterprise Value to EBITDA (EV/EBITDA)		 13.57 10.10 9.41 8.47 11.79 17.88 17.13 12.56 15.16 28.94 22.44
Enterprise Value to EBIT (EV/EBIT)		 15.64 10.80 9.84 8.80 13.72 22.52 19.40 13.81 16.69 32.26 24.23
Enterprise Value to NOPAT (EV/NOPAT)		 14.85 13.16 31.70 16.29 15.48 24.41 22.30 14.48 19.16 38.98 28.70
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.67 13.66 11.65 11.25 16.92 16.96 22.35 15.21 18.65 34.13 29.36
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.92 13.70 30.50 12.44 0.00 21.14 23.99 20.56 20.39 38.03 33.40
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 7.57 4.44 2.21 1.38 1.28 1.29 1.02 4.76 2.02 1.97 1.25
Long-Term Debt to Equity		 7.53 4.44 2.02 1.38 1.19 1.29 1.01 4.76 2.02 1.75 1.25
Financial Leverage		 -0.39 1.23 0.24 -0.25 0.24 0.59 0.40 1.03 1.53 0.76 0.44
Leverage Ratio		 2.53 8.81 5.21 3.79 3.41 3.41 3.23 4.79 6.18 4.69 3.91
Compound Leverage Factor		 2.08 7.88 4.78 3.51 3.11 3.36 3.03 4.58 5.71 4.28 3.67
Debt to Total Capital		 88.33% 81.61% 68.84% 58.00% 56.11% 56.41% 50.49% 82.64% 66.86% 66.31% 55.63%
Short-Term Debt to Total Capital		 0.47% 0.00% 5.87% 0.00% 4.10% 0.00% 0.29% 0.00% 0.00% 7.50% 0.00%
Long-Term Debt to Total Capital		 87.86% 81.61% 62.97% 58.00% 52.01% 56.41% 50.20% 82.64% 66.86% 58.81% 55.63%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.30% 0.25% -0.03% -0.03% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 11.67% 18.39% 31.16% 42.00% 43.58% 43.34% 49.54% 17.39% 33.14% 33.69% 44.37%
Debt to EBITDA		 5.23 2.98 2.19 1.37 2.07 2.06 1.21 1.66 1.30 1.70 1.10
Net Debt to EBITDA		 1.32 0.55 -0.06 -0.39 1.02 0.88 0.33 0.99 0.59 0.54 0.26
Long-Term Debt to EBITDA		 5.20 2.98 2.01 1.37 1.92 2.06 1.20 1.66 1.30 1.51 1.10
Debt to NOPAT		 5.72 3.88 7.38 2.64 2.72 2.81 1.57 1.91 1.65 2.29 1.41
Net Debt to NOPAT		 1.44 0.72 -0.22 -0.76 1.34 1.21 0.43 1.14 0.74 0.73 0.33
Long-Term Debt to NOPAT		 5.69 3.88 6.75 2.64 2.52 2.81 1.56 1.91 1.65 2.03 1.41
Altman Z-Score		 2.68 3.39 3.95 4.77 3.16 4.20 6.24 4.63 5.73 7.42 8.70
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.43% 0.64% 0.23% -0.09% -0.05% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.90 3.86 3.40 3.75 2.44 2.78 2.71 2.50 2.24 2.15 2.62
Quick Ratio		 2.97 3.10 2.77 2.91 1.54 1.82 1.81 1.57 1.34 1.36 1.65
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 595 757 413 1,111 -2,125 1,427 2,036 2,451 3,356 2,970 3,588
Operating Cash Flow to CapEx		 1,323.20% 3,080.06% 3,028.77% 1,835.96% 883.26% 1,165.12% 950.95% 1,184.54% 1,074.33% 1,215.03% 1,218.12%
Free Cash Flow to Firm to Interest Expense		 5.61 6.16 3.37 9.71 -17.05 63.33 12.94 15.29 10.82 9.54 11.88
Operating Cash Flow to Interest Expense		 5.72 6.18 8.82 10.75 9.25 78.93 13.89 20.66 11.83 10.63 13.51
Operating Cash Flow Less CapEx to Interest Expense		 5.28 5.98 8.52 10.16 8.20 72.15 12.43 18.92 10.73 9.76 12.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.54 0.61 0.52 0.72 0.62 0.64 0.71 0.81 0.79 0.67 0.77
Accounts Receivable Turnover		 5.22 4.98 4.57 6.60 5.57 5.54 5.73 5.91 5.89 5.47 5.93
Inventory Turnover		 1.91 1.77 1.80 1.74 1.70 1.90 1.92 1.93 1.68 1.33 1.52
Fixed Asset Turnover		 8.73 10.07 9.62 14.16 12.43 11.99 11.70 12.18 11.16 9.16 10.29
Accounts Payable Turnover		 11.75 11.09 10.13 9.13 10.06 10.50 9.14 9.15 10.36 10.75 11.62
Days Sales Outstanding (DSO)		 69.93 73.30 79.94 55.28 65.58 65.93 63.65 61.76 61.99 66.70 61.51
Days Inventory Outstanding (DIO)		 191.38 206.52 203.13 210.11 214.23 191.73 190.02 189.10 217.34 274.65 239.92
Days Payable Outstanding (DPO)		 31.05 32.92 36.03 39.97 36.29 34.77 39.92 39.90 35.23 33.94 31.42
Cash Conversion Cycle (CCC)		 230.26 246.91 247.04 225.42 243.51 222.89 213.75 210.95 244.10 307.42 270.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,225 1,256 1,240 978 4,362 4,170 4,324 5,352 5,567 5,494 6,082
Invested Capital Turnover		 2.26 2.41 2.17 3.64 1.71 1.36 1.63 1.90 1.92 1.77 2.10
Increase / (Decrease) in Invested Capital		 -37 31 -16 -263 3,384 -191 154 1,028 216 -73 588
Enterprise Value (EV)		 8,282 10,377 12,581 13,826 19,499 30,166 48,844 50,390 68,428 112,935 119,844
Market Capitalization		 7,479 9,810 12,667 14,469 17,796 28,661 47,898 46,439 65,780 110,809 118,454
Book Value per Share		 $2.64 $4.43 $8.46 $10.40 $16.45 $17.19 $22.03 $9.39 $21.28 $25.02 $35.48
Tangible Book Value per Share		 $0.46 $2.25 $6.11 $8.00 ($6.89) ($4.98) $1.18 ($14.16) ($2.15) $5.08 $18.57
Total Capital		 3,612 3,747 4,257 3,858 6,101 6,151 6,818 8,060 8,810 9,998 10,577
Total Debt		 3,190 3,058 2,930 2,237 3,423 3,470 3,443 6,661 5,891 6,630 5,884
Total Long-Term Debt		 3,173 3,058 2,680 2,237 3,173 3,470 3,423 6,661 5,891 5,880 5,884
Net Debt		 803 567 -86 -643 1,684 1,489 948 3,953 2,648 2,126 1,390
Capital Expenditures (CapEx)		 46 25 36 67 130 153 230 280 342 272 335
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 533 374 332 454 1,057 1,043 1,118 1,590 1,386 1,616 2,118
Debt-free Net Working Capital (DFNWC)		 2,920 2,866 3,349 3,335 2,797 3,024 3,613 4,298 4,629 6,120 6,613
Net Working Capital (NWC)		 2,903 2,866 3,099 3,335 2,547 3,024 3,593 4,298 4,629 5,370 6,613
Net Nonoperating Expense (NNE)		 192 84 -529 46 84 21 113 157 184 135 114
Net Nonoperating Obligations (NNO)		 803 567 -86 -643 1,684 1,489 948 3,953 2,648 2,126 1,390
Total Depreciation and Amortization (D&A)		 81 67 58 63 233 348 333 363 415 402 394
Debt-free, Cash-free Net Working Capital to Revenue		 18.93% 12.54% 12.28% 11.26% 23.14% 17.97% 16.17% 17.26% 13.21% 16.47% 17.43%
Debt-free Net Working Capital to Revenue		 103.76% 96.02% 123.85% 82.61% 61.21% 52.08% 52.22% 46.66% 44.10% 62.37% 54.40%
Net Working Capital to Revenue		 103.15% 96.02% 114.61% 82.61% 55.74% 52.08% 51.93% 46.66% 44.10% 54.73% 54.40%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.26 $4.52 $5.92 $5.13 $7.53 $7.76 $13.49 $22.07 $24.28 $20.41 $30.53
Adjusted Weighted Average Basic Shares Outstanding		 162.28M 155.87M 156.47M 156.35M 156.05M 156.80M 154.09M 150.49M 139.48M 135.35M 133.03M
Adjusted Diluted Earnings per Share		 $2.24 $4.49 $5.88 $5.10 $7.49 $7.70 $13.37 $21.92 $24.15 $20.28 $30.37
Adjusted Weighted Average Diluted Shares Outstanding		 163.70M 156.78M 157.48M 157.38M 156.95M 158.01M 155.44M 151.56M 140.24M 136.19M 133.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 157.53M 156.00M 156.84M 156.13M 159.26M 155.46M 152.74M 141.80M 136.72M 134.43M 131.96M
Normalized Net Operating Profit after Tax (NOPAT)		 558 788 397 848 1,259 1,473 2,190 3,479 3,571 3,148 4,385
Normalized NOPAT Margin		 19.82% 26.42% 14.68% 21.02% 27.57% 25.36% 31.65% 37.77% 34.02% 32.08% 36.07%
Pre Tax Income Margin		 15.43% 28.76% 43.39% 36.07% 28.37% 22.68% 34.12% 37.88% 36.10% 32.51% 38.21%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.00 7.82 10.44 13.73 11.40 59.42 16.00 22.76 13.21 11.25 16.37
NOPAT to Interest Expense		 5.26 6.42 3.24 7.42 10.11 54.83 13.92 21.70 11.51 9.31 13.82
EBIT Less CapEx to Interest Expense		 4.56 7.62 10.15 13.14 10.36 52.65 14.54 21.02 12.11 10.37 15.26
NOPAT Less CapEx to Interest Expense		 4.83 6.21 2.95 6.83 9.06 48.06 12.46 19.95 10.41 8.43 12.71
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 830.53% 49.16% 37.15% 50.12% 40.19% 43.10% 26.93% 19.24% 21.75% 27.99% 22.27%
Augmented Payout Ratio		 995.18% 74.95% 39.85% 75.44% 133.40% 111.33% 72.11% 138.68% 60.48% 90.84% 75.20%

Quarterly Metrics And Ratios for KLA

This table displays calculated financial ratios and metrics derived from KLA's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 26.83% 6.29% -5.29% -12.02% -16.66% -2.99% 9.07% 18.55% 23.73% 29.80% 23.59%
EBITDA Growth		 25.75% 4.46% -15.14% -18.36% -34.54% -10.10% 18.35% 22.20% 33.19% 62.77% 32.71%
EBIT Growth		 26.17% 3.45% -17.02% -20.02% -37.11% -10.68% 21.07% 25.37% 36.85% 70.89% 36.39%
NOPAT Growth		 37.34% 2.65% -16.14% -26.51% -39.82% -15.87% 18.88% 25.46% 37.61% 77.40% 41.46%
Net Income Growth		 36.41% -4.49% -14.99% -27.75% -40.48% -13.80% 22.17% 27.58% 41.54% 80.94% 43.80%
EPS Growth		 46.28% 4.14% -7.20% -24.86% -37.88% -11.93% 22.47% 29.57% 43.93% 84.20% 46.75%
Operating Cash Flow Growth		 -15.11% 23.44% 17.08% -12.63% -9.60% -9.98% -6.93% 12.62% 36.52% 17.82% 30.51%
Free Cash Flow Firm Growth		 -178.50% 175.01% 419.61% 152.74% 710.62% 229.45% 83.13% 34.00% -13.47% -21.99% -32.19%
Invested Capital Growth		 25.00% 9.26% 4.03% 1.31% -4.40% -4.45% -1.31% 0.52% 1.66% 7.92% 10.69%
Revenue Q/Q Growth		 9.52% -18.48% -3.18% 1.78% 3.75% -5.10% 8.85% 10.62% 8.28% -0.45% 3.65%
EBITDA Q/Q Growth		 4.85% -25.78% -2.70% 7.81% -15.93% 1.93% 28.10% 11.32% -8.38% 24.58% 4.45%
EBIT Q/Q Growth		 5.14% -28.08% -3.02% 9.06% -17.33% 2.16% 31.44% 12.94% -9.76% 27.57% 4.91%
NOPAT Q/Q Growth		 -3.58% -26.96% -2.99% 7.57% -21.05% 2.11% 37.09% 13.53% -13.40% 31.63% 9.31%
Net Income Q/Q Growth		 -4.61% -28.70% -1.89% 8.28% -21.43% 3.26% 39.05% 13.08% -12.83% 32.00% 10.51%
EPS Q/Q Growth		 -4.31% -27.00% 0.00% 7.55% -20.89% 3.50% 39.05% 13.80% -12.13% 32.47% 10.78%
Operating Cash Flow Q/Q Growth		 -31.96% 46.86% -5.12% -7.86% -29.59% 46.24% -1.91% 11.50% -14.64% 26.21% 8.66%
Free Cash Flow Firm Q/Q Growth		 -150.92% 287.17% 90.90% 38.91% 23.02% 0.98% 6.12% 1.64% -20.56% -8.96% -7.75%
Invested Capital Q/Q Growth		 7.13% -2.88% -2.02% -0.62% 1.10% -2.93% 1.20% 1.22% 2.25% 3.04% 3.80%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 59.49% 58.67% 59.11% 60.50% 60.72% 57.88% 60.66% 59.62% 60.30% 61.62% 61.97%
EBITDA Margin		 44.26% 40.30% 40.50% 42.90% 34.77% 37.34% 43.95% 44.23% 37.42% 46.83% 47.19%
Operating Margin		 40.19% 35.38% 35.00% 37.51% 29.49% 31.20% 38.05% 39.41% 32.60% 42.45% 42.58%
EBIT Margin		 40.79% 35.99% 36.05% 38.63% 30.78% 33.14% 40.02% 40.85% 34.04% 43.63% 44.16%
Profit (Net Income) Margin		 32.80% 28.69% 29.07% 30.93% 23.43% 25.49% 32.56% 33.29% 26.80% 35.53% 37.89%
Tax Burden Percent		 85.64% 87.16% 88.28% 87.05% 84.27% 85.69% 88.51% 87.69% 84.78% 86.08% 90.52%
Interest Burden Percent		 93.90% 91.46% 91.34% 91.98% 90.31% 89.77% 91.94% 92.92% 92.84% 94.62% 94.78%
Effective Tax Rate		 14.36% 12.84% 11.72% 12.95% 15.73% 14.31% 11.49% 12.31% 15.22% 13.92% 9.48%
Return on Invested Capital (ROIC)		 68.52% 60.22% 59.40% 60.41% 42.00% 46.19% 59.74% 63.90% 53.16% 74.78% 80.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 66.04% 57.69% 58.10% 59.01% 40.78% 45.09% 58.54% 62.31% 52.04% 73.30% 79.76%
Return on Net Nonoperating Assets (RNNOA)		 38.54% 35.16% 88.79% 68.38% 41.86% 41.63% 44.45% 43.23% 36.52% 43.25% 34.79%
Return on Equity (ROE)		 107.07% 95.38% 148.18% 128.79% 83.87% 87.82% 104.19% 107.13% 89.68% 118.03% 115.73%
Cash Return on Invested Capital (CROIC)		 47.88% 59.36% 61.46% 58.50% 54.80% 54.21% 53.70% 55.31% 57.36% 60.00% 61.99%
Operating Return on Assets (OROA)		 33.66% 29.76% 28.37% 28.82% 21.26% 22.21% 26.61% 28.10% 25.22% 33.43% 34.08%
Return on Assets (ROA)		 27.07% 23.72% 22.88% 23.07% 16.18% 17.09% 21.66% 22.90% 19.85% 27.23% 29.24%
Return on Common Equity (ROCE)		 107.09% 95.41% 148.26% 128.79% 83.87% 87.82% 104.19% 107.13% 89.68% 118.03% 115.73%
Return on Equity Simple (ROE_SIMPLE)		 136.02% 130.76% 0.00% 103.76% 88.92% 84.34% 0.00% 83.33% 89.51% 92.27% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,027 750 728 783 618 631 865 982 850 1,119 1,224
NOPAT Margin		 34.42% 30.83% 30.90% 32.65% 24.85% 26.74% 33.67% 34.56% 27.64% 36.54% 38.54%
Net Nonoperating Expense Percent (NNEP)		 2.48% 2.53% 1.30% 1.40% 1.22% 1.10% 1.20% 1.59% 1.11% 1.48% 1.18%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 6.92% - - - 8.98% 11.32% 11.57%
Cost of Revenue to Revenue		 40.51% 41.33% 40.89% 39.50% 39.28% 42.12% 39.34% 40.38% 39.70% 38.38% 38.03%
SG&A Expenses to Revenue		 8.15% 9.80% 10.65% 10.00% 9.54% 10.06% 9.93% 8.83% 8.68% 8.13% 8.27%
R&D to Revenue		 11.15% 13.49% 13.46% 12.98% 12.89% 13.63% 12.68% 11.37% 11.25% 11.04% 11.12%
Operating Expenses to Revenue		 19.30% 23.29% 24.12% 22.98% 31.23% 26.68% 22.61% 20.21% 27.70% 19.16% 19.39%
Earnings before Interest and Taxes (EBIT)		 1,217 875 849 926 765 782 1,028 1,161 1,048 1,336 1,402
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,321 980 954 1,028 865 881 1,129 1,257 1,151 1,434 1,498
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 20.16 20.30 22.53 20.79 25.73 30.41 32.90 29.24 23.51 22.56 25.24
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 457.29 267.68 162.04 111.70 67.40 52.47 48.24
Price to Revenue (P/Rev)		 5.01 5.12 6.27 6.11 8.10 9.80 11.29 10.15 7.77 7.82 9.74
Price to Earnings (P/E)		 14.82 15.52 19.42 20.03 28.94 36.05 40.12 35.09 26.27 24.45 29.16
Dividend Yield		 1.27% 1.26% 1.08% 1.14% 0.93% 0.79% 0.69% 0.75% 0.96% 0.93% 0.75%
Earnings Yield		 6.75% 6.44% 5.15% 4.99% 3.46% 2.77% 2.49% 2.85% 3.81% 4.09% 3.43%
Enterprise Value to Invested Capital (EV/IC)		 9.52 10.11 12.29 11.69 14.46 17.76 20.55 19.08 15.19 15.73 19.70
Enterprise Value to Revenue (EV/Rev)		 5.31 5.41 6.52 6.36 8.36 10.05 11.51 10.34 7.96 7.98 9.86
Enterprise Value to EBITDA (EV/EBITDA)		 11.97 12.48 15.16 15.11 21.13 25.87 28.94 25.68 19.55 18.54 22.44
Enterprise Value to EBIT (EV/EBIT)		 13.09 13.70 16.69 16.73 23.68 29.03 32.26 28.40 21.50 20.16 24.23
Enterprise Value to NOPAT (EV/NOPAT)		 15.09 15.48 19.16 19.68 28.10 34.95 38.98 34.26 25.95 24.16 28.70
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.69 16.28 18.65 18.27 23.27 28.57 34.13 31.02 23.68 24.20 29.36
Enterprise Value to Free Cash Flow (EV/FCFF)		 22.10 17.79 20.39 20.12 25.79 32.02 38.03 34.59 26.70 27.22 33.40
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.35 2.20 2.02 1.97 1.94 2.14 1.97 1.86 1.64 1.47 1.25
Long-Term Debt to Equity		 2.35 2.20 2.02 1.97 1.69 1.90 1.75 1.65 1.64 1.47 1.25
Financial Leverage		 0.58 0.61 1.53 1.16 1.03 0.92 0.76 0.69 0.70 0.59 0.44
Leverage Ratio		 3.82 3.80 6.18 5.35 4.96 4.96 4.69 4.55 4.42 4.25 3.91
Compound Leverage Factor		 3.59 3.48 5.64 4.92 4.48 4.45 4.31 4.23 4.10 4.02 3.70
Debt to Total Capital		 70.14% 68.70% 66.86% 66.33% 65.94% 68.17% 66.31% 65.07% 62.14% 59.50% 55.63%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 8.39% 7.71% 7.50% 7.36% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 70.14% 68.70% 66.86% 66.33% 57.55% 60.46% 58.81% 57.71% 62.14% 59.50% 55.63%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 29.86% 31.30% 33.14% 33.67% 34.06% 31.83% 33.69% 34.93% 37.86% 40.50% 44.37%
Debt to EBITDA		 1.31 1.28 1.30 1.38 1.54 1.78 1.70 1.61 1.33 1.18 1.10
Net Debt to EBITDA		 0.70 0.65 0.59 0.59 0.67 0.63 0.54 0.48 0.48 0.37 0.26
Long-Term Debt to EBITDA		 1.31 1.28 1.30 1.38 1.34 1.58 1.51 1.42 1.33 1.18 1.10
Debt to NOPAT		 1.66 1.59 1.65 1.79 2.05 2.40 2.29 2.14 1.77 1.54 1.41
Net Debt to NOPAT		 0.88 0.81 0.74 0.77 0.89 0.85 0.73 0.65 0.63 0.49 0.33
Long-Term Debt to NOPAT		 1.66 1.59 1.65 1.79 1.79 2.13 2.03 1.90 1.77 1.54 1.41
Altman Z-Score		 4.36 4.44 4.96 4.77 5.48 6.07 6.89 6.59 5.95 6.53 7.98
Noncontrolling Interest Sharing Ratio		 -0.03% -0.02% -0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.34 2.35 2.24 2.21 1.91 2.14 2.15 2.13 2.36 2.54 2.62
Quick Ratio		 1.48 1.41 1.34 1.30 1.13 1.33 1.36 1.37 1.48 1.58 1.65
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -143 268 512 711 875 884 938 953 757 689 636
Operating Cash Flow to CapEx		 735.02% 1,190.45% 1,218.96% 1,298.76% 810.20% 1,267.50% 1,469.45% 1,647.94% 920.16% 1,305.36% 1,160.26%
Free Cash Flow to Firm to Interest Expense		 -1.93 3.59 6.97 9.58 11.79 11.05 11.32 11.60 10.10 9.59 8.70
Operating Cash Flow to Interest Expense		 9.27 13.52 13.05 11.90 8.39 11.38 10.78 12.11 11.33 14.91 15.93
Operating Cash Flow Less CapEx to Interest Expense		 8.01 12.38 11.98 10.99 7.35 10.48 10.04 11.38 10.10 13.77 14.56
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.83 0.83 0.79 0.75 0.69 0.67 0.67 0.69 0.74 0.77 0.77
Accounts Receivable Turnover		 5.23 5.97 5.89 5.83 4.69 5.38 5.47 5.72 5.19 6.10 5.93
Inventory Turnover		 1.89 1.79 1.68 1.52 1.40 1.35 1.33 1.35 1.44 1.48 1.52
Fixed Asset Turnover		 12.47 11.85 11.16 10.31 9.42 9.18 9.16 9.42 9.59 10.02 10.29
Accounts Payable Turnover		 9.05 10.14 10.36 9.78 8.58 10.14 10.75 11.16 10.80 11.62 11.62
Days Sales Outstanding (DSO)		 69.83 61.11 61.99 62.60 77.87 67.79 66.70 63.77 70.31 59.81 61.51
Days Inventory Outstanding (DIO)		 193.31 203.97 217.34 239.68 261.38 270.74 274.65 270.42 253.93 246.91 239.92
Days Payable Outstanding (DPO)		 40.32 35.99 35.23 37.32 42.53 36.01 33.94 32.72 33.78 31.41 31.42
Cash Conversion Cycle (CCC)		 222.82 229.09 244.10 264.96 296.71 302.53 307.42 301.47 290.45 275.31 270.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,851 5,682 5,567 5,533 5,593 5,429 5,494 5,561 5,687 5,859 6,082
Invested Capital Turnover		 1.99 1.95 1.92 1.85 1.69 1.73 1.77 1.85 1.92 2.05 2.10
Increase / (Decrease) in Invested Capital		 1,170 482 216 71 -257 -253 -73 29 93 430 588
Enterprise Value (EV)		 55,719 57,458 68,428 64,699 80,871 96,441 112,935 106,102 86,387 92,191 119,844
Market Capitalization		 52,471 54,459 65,780 62,157 78,321 94,106 110,809 104,100 84,285 90,336 118,454
Book Value per Share		 $18.37 $19.37 $21.28 $21.87 $22.39 $22.89 $25.02 $26.48 $26.80 $30.14 $35.48
Tangible Book Value per Share		 ($5.23) ($4.30) ($2.15) ($1.17) $1.26 $2.60 $5.08 $6.93 $9.35 $12.96 $18.57
Total Capital		 8,717 8,573 8,810 8,882 8,936 9,724 9,998 10,191 9,467 9,888 10,577
Total Debt		 6,114 5,890 5,891 5,892 5,893 6,629 6,630 6,631 5,882 5,883 5,884
Total Long-Term Debt		 6,114 5,890 5,891 5,892 5,143 5,879 5,880 5,881 5,882 5,883 5,884
Net Debt		 3,247 3,000 2,648 2,542 2,550 2,335 2,126 2,002 2,102 1,855 1,390
Capital Expenditures (CapEx)		 94 85 79 68 77 72 61 60 92 82 100
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,784 1,710 1,386 1,264 1,585 1,525 1,616 1,550 1,854 2,006 2,118
Debt-free Net Working Capital (DFNWC)		 4,650 4,600 4,629 4,613 4,928 5,819 6,120 6,180 5,634 6,035 6,613
Net Working Capital (NWC)		 4,650 4,600 4,629 4,613 4,178 5,070 5,370 5,430 5,634 6,035 6,613
Net Nonoperating Expense (NNE)		 48 52 43 41 35 29 29 36 26 31 21
Net Nonoperating Obligations (NNO)		 3,247 3,000 2,648 2,542 2,550 2,335 2,126 2,002 2,102 1,855 1,390
Total Depreciation and Amortization (D&A)		 104 105 105 102 99 99 101 96 104 98 96
Debt-free, Cash-free Net Working Capital to Revenue		 17.01% 16.09% 13.21% 12.43% 16.38% 15.89% 16.47% 15.12% 17.09% 17.37% 17.43%
Debt-free Net Working Capital to Revenue		 44.36% 43.29% 44.10% 45.37% 50.95% 60.63% 62.37% 60.25% 51.94% 52.25% 54.40%
Net Working Capital to Revenue		 44.36% 43.29% 44.10% 45.37% 43.20% 52.82% 54.73% 52.94% 51.94% 52.25% 54.40%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $6.93 $5.06 $5.06 $5.43 $4.30 $4.46 $6.22 $7.05 $6.18 $8.21 $9.09
Adjusted Weighted Average Basic Shares Outstanding		 141.30M 137.87M 139.48M 136.41M 135.54M 134.95M 135.35M 134.13M 133.33M 132.61M 133.03M
Adjusted Diluted Earnings per Share		 $6.89 $5.03 $5.03 $5.41 $4.28 $4.43 $6.16 $7.01 $6.16 $8.16 $9.04
Adjusted Weighted Average Diluted Shares Outstanding		 141.97M 138.65M 140.24M 137.10M 136.25M 135.86M 136.19M 134.86M 133.93M 133.30M 133.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 138.48M 137.20M 136.72M 135.93M 135.23M 134.64M 134.43M 133.76M 132.89M 132.24M 131.96M
Normalized Net Operating Profit after Tax (NOPAT)		 1,027 750 728 783 803 691 865 982 1,053 1,119 1,224
Normalized NOPAT Margin		 34.42% 30.83% 30.90% 32.65% 32.27% 29.30% 33.67% 34.56% 34.23% 36.54% 38.54%
Pre Tax Income Margin		 38.30% 32.91% 32.93% 35.53% 27.80% 29.75% 36.79% 37.96% 31.61% 41.28% 41.86%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 16.39 11.71 11.55 12.47 10.32 9.78 12.41 14.13 13.97 18.59 19.17
NOPAT to Interest Expense		 13.83 10.03 9.90 10.54 8.33 7.89 10.44 11.95 11.34 15.57 16.73
EBIT Less CapEx to Interest Expense		 15.13 10.57 10.48 11.56 9.28 8.88 11.68 13.39 12.74 17.45 17.80
NOPAT Less CapEx to Interest Expense		 12.56 8.90 8.83 9.63 7.29 6.99 9.71 11.22 10.11 14.43 15.36
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 19.59% 20.40% 21.75% 23.40% 27.30% 28.93% 27.99% 26.62% 25.54% 22.95% 22.27%
Augmented Payout Ratio		 120.78% 120.07% 60.48% 77.47% 92.34% 92.31% 90.84% 88.91% 89.75% 82.34% 75.20%

Key Financial Trends

KLA Corporation (NASDAQ: KLAC) has demonstrated consistent financial growth over the past four years, reflected across its income statements, cash flow statements, and balance sheets. Here's a summary of key trends and important financial highlights:

  • Revenue Growth: Total revenue has generally increased year-over-year and quarter-over-quarter through 2022 to 2025, reaching approximately $3.17 billion in Q4 2025, illustrating healthy sales growth in a competitive market.
  • Strong Profitability: Gross profit has increased consistently, with Q4 2025 gross profit hitting roughly $1.97 billion. Net income also followed this upward trend, climbing from around $684 million in Q4 2023 to over $1.2 billion in Q4 2025, reflecting effective cost management and operational efficiency.
  • Stable Operating Margins: Operating income margins have remained robust, supported by controlled operating expenses despite periodic increases in R&D and SG&A expenses, essential for innovation and expansion.
  • Consistent Cash Flow from Operations: Net cash from operating activities has shown solid positive cash generation, with $1.16 billion in Q4 2025, indicating healthy core business cash profitability.
  • Balanced Capital Expenditure: Investments in property, plant, and equipment are sustained but measured relative to cash flows, supporting growth without excessive capital strain.
  • Prudent Financing Activities: The company maintains active share repurchases and dividend payments, returning value to shareholders. For example, in Q4 2025, share repurchases were $425 million, with dividends around $254 million.
  • Strong Equity Base: Total common equity has steadily increased from about $2.7 billion in early 2023 to approximately $4 billion by Q3 2025, supporting financial stability and flexibility.
  • Rising Long-Term Debt Levels: Long-term debt has increased over time, reaching around $5.9 billion by Q3 2025. While manageable, investors should monitor debt levels relative to earnings and cash flows.
  • Inventory Levels Fluctuate: Inventories have grown, reflecting business expansion but potentially indicating risks if inventory turnover slows or demand weakens.
  • Higher Impairment Charges in 2024: The company recorded significant impairment charges in Q2 and Q4 of 2024 (approximately $219 million and $239 million respectively), which negatively impacted operating income for those periods.

Summary: KLA Corp shows a strong and growing market position, with increasing revenues, profits, and stable cash flows generating value for shareholders. The company’s investment in R&D and property supports innovation and growth, while active shareholder return programs reflect management's confidence. Investors should watch the rising debt levels and past impairment charges, but the overall financial health appears solid and improving.

08/29/25 10:48 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About KLA's Financials

When does KLA's fiscal year end?

According to the most recent income statement we have on file, KLA's financial year ends in June. Their financial year 2025 ended on June 30, 2025.

How has KLA's net income changed over the last 10 years?

KLA's net income appears to be on an upward trend, with a most recent value of $4.06 billion in 2025, rising from $366.16 million in 2015. The previous period was $2.76 billion in 2024. View KLA's forecast to see where analysts expect KLA to go next.

What is KLA's operating income?
KLA's total operating income in 2025 was $4.78 billion, based on the following breakdown:
  • Total Gross Profit: $7.40 billion
  • Total Operating Expenses: $2.63 billion
How has KLA's revenue changed over the last 10 years?

Over the last 10 years, KLA's total revenue changed from $2.81 billion in 2015 to $12.16 billion in 2025, a change of 332.0%.

How much debt does KLA have?

KLA's total liabilities were at $11.38 billion at the end of 2025, a 5.7% decrease from 2024, and a 158.3% increase since 2015.

How much cash does KLA have?

In the past 10 years, KLA's cash and equivalents has ranged from $838.03 million in 2015 to $2.08 billion in 2025, and is currently $2.08 billion as of their latest financial filing in 2025.

How has KLA's book value per share changed over the last 10 years?

Over the last 10 years, KLA's book value per share changed from 2.64 in 2015 to 35.48 in 2025, a change of 1,246.5%.


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This page (NASDAQ:KLAC) was last updated on 8/29/2025 by MarketBeat.com Staff
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