KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements.
It is a $256B technology company. Revenue grew 11.7% over the last year, it keeps 36¢ of every dollar of sales as profit, and its net debt equals ~0.3 years of free cash flow. It trades at 52.8× earnings — near the highest of its own history.
- Website
- kla.com
- Location
- Milpitas, CA
- Employees
- 17 200
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability and moat; Valuation lags behind.
Valuation10
- P/E vs own history95th pct · 0/25
- FCF yield1.5% · 5/25
- P/S18.8x · 5/25
- EV/EBITDA42.8x · 0/25
Growth82
- Revenue CAGR10.2% · 20/25
- Net income CAGR9.8% · 12/25
- EPS CAGR ~5Y22.3% · 25/25
- Fwd implied growth61.7% · 25/25
Profitability100
- ROIC63.6% · 25/25
- ROE85.4% · 25/25
- Net margin35.6% · 25/25
- Operating margin41.8% · 25/25
Health70
- Altman Zn/a · 0/25
- Current ratio2.88 · 25/25
- Interest coverage20.7x · 25/25
- Net cash / debtD/A 7% · 20/25
Quality69
- Piotroski F7/9 · 22/25
- Beneish M2.90 · 0/25
- FCF conversion86% · 22/25
- Margin stabilityσ 3.9% · 25/25
Moat100
- ROIC >12% years8/8 yrs · 25/25
- Median gross margin60.9% · 25/25
- FCF-positive years11/11 yrs · 25/25
- Worst-year net marginworst 19.9% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$4.83B net income
- FY2023FinancialRevenue crossed $10B$10.5B for the year
- FY2016FinancialProfitable every year on record11 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$2.98B in first reported year
- FY2016FinancialPositive free cash flow every year since11-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (61.6%)
- Strongly profitable — 35.6% net margin
- Revenue growing 11.7% year over year
- Strong cash conversion — FCF is 27.7% of revenue
- Interest covered 20.7× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+11.7% YoY
- Profitable — makes more than it spends$4.83B TTM
- Profit growing — earnings are higher than last year+14.9% YoY
- Generates cash — cash left after running and investing$3.77B TTM
- Debt under control — could handle its obligations~0.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$256B market cap
- Not printing shares — share count not ballooning — you keep your slice-15.1% shares over ~5y
- Proven track record — years of profitability behind it11/11 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersyield 0.41%
- Valuation not extreme — price not wildly above earningsP/E 52.8
Peer comparisonKLA Corporation vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| KLAC this company | $255.6B | 52.8 | +11.7% | 35.6% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: KLAC vs NVDA · KLAC vs AAPL · KLAC vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/KLAC
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of KLAC on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $195.88 · market cap $256B.