KLA
KLAC · Semiconductor Materials & Equipment
$145.61
1.5%Qnity Electronics
Q · Semiconductor Materials & Equipment
$109.83
1.0%The short version
- KLA is the larger business, with $13.6B of revenue in fiscal 2026 against $4.8B for Qnity Electronics, about 2.9 times as much.
- KLA grew revenue faster (11.7%, against 9.7%).
- KLA turned more of its sales into free cash flow (27.7% FCF margin, against 20.8% FCF margin).
- KLA earned a higher return on the capital invested in it (75.3%, against 7.3%).
| Latest fiscal year | KLAC · FY26 | Q · FY25 |
|---|---|---|
| Size | ||
| Market cap | $192.1B | $23.1B |
| Revenue | $13.6B | $4.8B |
| Free cash flow | $3.8B | $988M |
| Net income | $4.8B | $729M |
| Growth | ||
| Revenue growth | 11.7% | 9.7% |
| 5-year growth | 14.4% | — |
| Share count change | −1.3% | 0.2% |
| Profitability | ||
| Gross margin | 61.3% | 46.2% |
| Operating margin | — | — |
| Net margin | 35.6% | 15.3% |
| FCF margin | 27.7% | 20.8% |
| Return on capital | 75.3% | 7.3% |
| Return on equity | 87.5% | 8.2% |
| Balance sheet | ||
| Net debt | $1.0B | $3.2B |
| Net debt / EBITDA | 0.2x | 2.3x |
| Dividends and buybacks | $3.3B | $13.0M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 8 | — |
FY17
KLAC $3.5B
Q —
FY18
KLAC $4.0B
Q —
FY19
KLAC $4.6B
Q —
FY20
KLAC $5.8B
Q —
FY21
KLAC $6.9B
Q —
FY22
KLAC $9.2B
Q —
FY23
KLAC $10.5B
Q $4.0B
FY24
KLAC $9.8B
Q $4.3B
FY25
KLAC $12.2B
Q $4.8B
FY26
KLAC $13.6B
Q —
KLAC
Q
FY17
KLAC —
Q —
FY18
KLAC —
Q —
FY19
KLAC —
Q —
FY20
KLAC —
Q —
FY21
KLAC —
Q —
FY22
KLAC —
Q —
FY23
KLAC —
Q —
FY24
KLAC —
Q —
FY25
KLAC —
Q —
FY26
KLAC —
Q —
KLAC
Q
FY17
KLAC $1.0B
Q —
FY18
KLAC $1.2B
Q —
FY19
KLAC $1.0B
Q —
FY20
KLAC $1.6B
Q —
FY21
KLAC $2.0B
Q —
FY22
KLAC $3.0B
Q —
FY23
KLAC $3.3B
Q $651M
FY24
KLAC $3.0B
Q $861M
FY25
KLAC $3.7B
Q $988M
FY26
KLAC $3.8B
Q —
KLAC
Q
FY17
KLAC 82.0%
Q —
FY18
KLAC 78.0%
Q —
FY19
KLAC 48.2%
Q —
FY20
KLAC 32.0%
Q —
FY21
KLAC 52.2%
Q —
FY22
KLAC 71.8%
Q —
FY23
KLAC —
Q —
FY24
KLAC —
Q —
FY25
KLAC 79.6%
Q 7.3%
FY26
KLAC 75.3%
Q —
KLAC
Q
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.