KLAC - KLA Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$1519.93
DETAILS
HIGH:
$1750.00
LOW:
$1260.00
MEDIAN:
$1525.00
CONSENSUS:
$1519.93
DOWNSIDE:
3.05%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 12,156.2 | 9,812.2 | 10,496.1 | 9,211.9 | 6,918.7 | 5,806.4 | 4,568.9 | 4,036.7 | 3,480.0 | 2,984.5 |
| Cost of Revenue | 4,581.0 | 3,928.1 | 4,218.3 | 3,592.4 | 2,772.2 | 2,449.6 | 1,869.4 | 1,447.4 | 1,287.5 | 1,163.4 |
| Gross Profit | 7,575.2 | 5,884.2 | 6,277.7 | 5,619.4 | 4,146.6 | 3,356.9 | 2,699.5 | 2,589.3 | 2,192.5 | 1,821.1 |
| Operating Expenses | ||||||||||
| R&D Expenses | 1,355.1 | 1,279.0 | 1,296.7 | 1,105.3 | 928.5 | 863.9 | 711.0 | 608.7 | 526.9 | 481.3 |
| SG&A Expenses | 979.0 | 969.5 | 986.3 | 860.0 | 729.6 | 734.1 | 599.1 | 443.4 | 389.3 | 379.4 |
| Other Expenses | 0.0 | 0.0 | 0.0 | (4.6) | 0.0 | (2.7) | 0.0 | (2.8) | (3.4) | 7.1 |
| Operating Expenses | 2,334.1 | 2,248.5 | 2,283.1 | 1,965.3 | 1,658.1 | 1,598.0 | 1,310.2 | 1,052.1 | 916.2 | 860.7 |
| Operating Income | ||||||||||
| Operating Income | 5,241.0 | 3,635.7 | 3,994.7 | 3,654.2 | 2,488.5 | 1,758.8 | 1,389.4 | 1,537.2 | 1,276.3 | 960.4 |
| Interest Expense | 305.5 | 311.3 | 296.9 | 160.3 | 157.3 | 160.3 | 124.6 | 114.4 | 122.5 | 122.9 |
| Interest Income | 180.3 | 160.7 | 74.1 | 8.7 | 8.9 | 21.6 | 40.4 | 36.9 | 23.3 | 14.5 |
| Profitability | ||||||||||
| EBITDA | 5,340.7 | 3,906.8 | 4,501.2 | 4,012.9 | 2,851.1 | 1,825.0 | 1,654.1 | 1,599.9 | 1,276.3 | 1,036.3 |
| EBIT | 4,946.6 | 3,501.3 | 4,086.1 | 3,649.6 | 2,517.8 | 1,477.0 | 1,420.8 | 1,570.3 | 1,296.5 | 981.1 |
| Income Before Tax | 4,644.4 | 3,190.0 | 3,789.2 | 3,489.2 | 2,360.5 | 1,316.7 | 1,296.2 | 1,455.9 | 1,173.2 | 858.2 |
| Income Tax Expense | 582.8 | 428.1 | 401.8 | 167.2 | 283.1 | 101.7 | 121.2 | 653.7 | 247.2 | 153.8 |
| Net Income | 4,061.6 | 2,761.9 | 3,387.3 | 3,321.8 | 2,078.3 | 1,216.8 | 1,175.6 | 802.3 | 926.1 | 704.4 |
| Per Share Data | ||||||||||
| EPS (Basic) | 30.53 | 20.41 | 24.28 | 22.07 | 13.49 | 7.76 | 7.53 | 5.13 | 5.92 | 4.52 |
| EPS (Diluted) | 30.37 | 20.28 | 24.15 | 21.92 | 13.37 | 7.70 | 7.49 | 5.10 | 5.88 | 4.49 |
| Shares Outstanding | 133.0 | 135.3 | 139.5 | 150.5 | 154.1 | 156.8 | 156.1 | 156.3 | 156.5 | 155.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 2,078.9 | 1,977.1 | 1,927.9 | 1,584.9 | 1,434.6 | 1,234.4 | 1,016.0 | 1,404.4 | 1,153.1 | 1,108.5 |
| Short-Term Investments | 2,415.7 | 2,526.9 | 1,315.3 | 1,123.1 | 1,059.9 | 746.1 | 723.4 | 1,475.9 | 1,863.7 | 1,382.8 |
| Net Receivables | 2,433.7 | 2,004.7 | 1,935.4 | 2,016.3 | 1,465.4 | 1,264.1 | 1,084.1 | 651.7 | 571.1 | 631.4 |
| Inventory | 3,212.1 | 3,034.8 | 2,876.8 | 2,146.9 | 1,575.4 | 1,311.0 | 1,262.5 | 931.8 | 733.0 | 698.6 |
| Other Current Assets | 357.3 | 362.7 | 195.5 | 188.7 | 84.3 | 93.0 | 88.8 | 14.6 | 13.0 | 9.6 |
| Total Current Assets | 10,698.8 | 10,031.1 | 8,372.0 | 7,168.9 | 5,696.2 | 4,723.5 | 4,315.1 | 4,549.0 | 4,392.1 | 3,868.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,252.8 | 1,341.8 | 1,240.5 | 976.4 | 765.9 | 620.6 | 448.8 | 286.3 | 284.0 | 278.0 |
| Goodwill | 1,792.2 | 2,015.7 | 2,278.8 | 2,320.0 | 2,011.2 | 2,045.4 | 2,211.9 | 354.7 | 349.5 | 335.2 |
| Intangible Assets | 444.8 | 668.8 | 935.3 | 1,194.4 | 1,185.3 | 1,391.4 | 1,560.7 | 19.3 | 19.0 | 4.3 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 773.6 | 460.9 | 428.8 | 358.2 | 342.0 | 262.2 | 266.0 | 197.2 | 182.2 | 162.2 |
| Total Non-Current Assets | 5,369.1 | 5,402.4 | 5,700.3 | 5,428.2 | 4,574.9 | 4,556.4 | 4,693.4 | 1,089.6 | 1,140.1 | 1,094.4 |
| Total Assets | 16,067.9 | 15,433.6 | 14,072.4 | 12,597.1 | 10,271.1 | 9,280.0 | 9,008.5 | 5,619.4 | 5,532.2 | 4,962.4 |
| Current Liabilities | ||||||||||
| Account Payables | 458.5 | 359.5 | 371.0 | 443.3 | 342.1 | 264.3 | 202.4 | 169.4 | 147.4 | 106.5 |
| Short-Term Debt | 0.0 | 749.9 | 0.0 | 0.0 | 20.0 | 0.0 | 250.0 | 0.0 | 250.0 | 0.0 |
| Deferred Revenue | 2,001.2 | 2,133.7 | 1,837.3 | 1,276.7 | 830.9 | 684.6 | 622.7 | 465.3 | 341.6 | 315.7 |
| Other Current Liabilities | 534.6 | 1,105.8 | 1,012.2 | 952.2 | 573.5 | 466.5 | 435.4 | 373.3 | 356.3 | 386.8 |
| Total Current Liabilities | 4,085.8 | 4,660.8 | 3,742.8 | 2,871.1 | 2,103.2 | 1,699.8 | 1,768.5 | 1,218.1 | 1,293.2 | 1,002.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 5,884.3 | 5,880.2 | 5,890.7 | 6,660.7 | 3,422.8 | 3,469.7 | 3,173.4 | 2,237.4 | 2,680.5 | 3,057.9 |
| Deferred Tax Liabilities | 446.9 | 486.7 | 529.3 | 658.9 | 650.6 | 660.9 | 702.3 | 1.2 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 450.8 | 490.2 | 517.8 | 596.4 | 560.6 | 601.4 | 587.9 | 493.2 | 172.4 | 156.6 |
| Total Non-Current Liabilities | 7,289.7 | 7,404.5 | 7,409.8 | 8,326.9 | 4,792.3 | 4,899.2 | 4,562.3 | 2,780.8 | 2,912.6 | 3,270.9 |
| Total Liabilities | 11,375.5 | 12,065.2 | 11,152.6 | 11,198.0 | 6,895.5 | 6,598.9 | 6,330.8 | 3,998.8 | 4,205.8 | 4,273.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Retained Earnings | 2,179.3 | 1,137.3 | 848.4 | 366.9 | 1,277.1 | 654.9 | 714.8 | 1,056.4 | 848.5 | 284.8 |
| Accumulated Other Comprehensive Income | 1.2 | (49.1) | (36.3) | (27.5) | (75.6) | (79.8) | (73.0) | (53.9) | (51.3) | (48.7) |
| Total Stockholders' Equity | 4,692.5 | 3,368.3 | 2,919.8 | 1,401.4 | 3,377.6 | 2,665.4 | 2,659.1 | 1,620.5 | 1,326.4 | 689.1 |
| Total Liabilities & Equity | 16,067.9 | 15,433.6 | 14,072.4 | 12,597.1 | 10,271.1 | 9,280.0 | 9,008.5 | 5,619.4 | 5,532.2 | 4,962.4 |
| Debt Metrics | ||||||||||
| Total Debt | 6,088.3 | 6,819.6 | 6,063.1 | 6,774.3 | 3,545.8 | 3,569.5 | 3,423.4 | 2,237.4 | 2,930.5 | 3,057.9 |
| Net Debt | 4,009.4 | 4,842.5 | 4,135.3 | 5,189.4 | 2,111.2 | 2,335.1 | 2,407.4 | 833.0 | 1,777.4 | 1,949.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 4,061.6 | 2,761.9 | 3,387.4 | 3,322.1 | 2,077.4 | 1,215.0 | 1,175.0 | 802.3 | 926.1 | 704.4 |
| Depreciation & Amortization | 394.1 | 401.7 | 415.1 | 363.3 | 333.3 | 348.0 | 233.2 | 62.7 | 57.8 | 66.9 |
| Stock-Based Compensation | 265.0 | 212.7 | 171.4 | 126.9 | 111.8 | 111.4 | 94.2 | 62.8 | 50.9 | 45.0 |
| Change in Working Capital | (646.2) | (201.2) | 10.1 | (305.4) | (243.3) | (87.4) | (326.3) | 192.7 | 45.0 | (60.1) |
| Other Non-Cash Items | 253.9 | 288.7 | (16.1) | 135.3 | (49.7) | 284.9 | 4.1 | 9.9 | (4.2) | (16.4) |
| Operating Cash Flow | 4,081.9 | 3,308.6 | 3,669.8 | 3,312.7 | 2,185.0 | 1,778.8 | 1,152.6 | 1,229.1 | 1,079.7 | 759.7 |
| Investing Activities | ||||||||||
| Capital Expenditure | (340.2) | (277.4) | (341.6) | (307.3) | (231.6) | (152.7) | (130.5) | (66.9) | (38.6) | (31.7) |
| Acquisitions | 0.0 | (3.7) | 43.9 | (479.1) | 16.8 | (90.1) | (1,818.3) | (17.4) | (28.6) | 0.0 |
| Purchases of Investments | (2,890.9) | (2,891.1) | (1,538.5) | (1,108.9) | (1,126.6) | (908.7) | (163.2) | (547.6) | (1,727.9) | (1,244.1) |
| Sales/Maturities of Investments | 3,022.2 | 1,690.1 | 1,349.3 | 991.2 | 839.1 | 892.7 | 931.0 | 923.6 | 1,231.3 | 1,413.5 |
| Other Investing Activities | 6.4 | 5.1 | 0.0 | 27.7 | 1.9 | 0.0 | 0.0 | 0.0 | 2.9 | 7.1 |
| Investing Cash Flow | (202.5) | (1,477.0) | (486.9) | (876.5) | (500.4) | (258.9) | (1,181.0) | 291.6 | (560.9) | 144.7 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (750.0) | 735.0 | (793.8) | 3,222.4 | (29.7) | 20.8 | 1,181.3 | (697.6) | (130.0) | (135.0) |
| Stock Repurchased | (2,149.9) | (1,735.7) | (1,311.9) | (4,867.8) | (938.6) | (829.1) | (1,095.2) | (203.2) | (25.0) | (181.7) |
| Dividends Paid | (904.6) | (773.0) | (732.6) | (638.5) | (559.4) | (522.4) | (472.3) | (402.1) | (344.0) | (346.3) |
| Other Financing Activities | (132.7) | (147.2) | (112.7) | (86.1) | (56.4) | (44.6) | (38.7) | (28.8) | (19.2) | (12.0) |
| Financing Cash Flow | (3,785.7) | (1,776.0) | (2,826.0) | (2,257.0) | (1,497.9) | (1,299.6) | (360.0) | (1,270.1) | (472.8) | (636.7) |
| Cash Position | ||||||||||
| Net Change in Cash | 101.8 | 49.3 | 343.0 | 150.3 | 200.2 | 218.4 | (388.4) | 251.3 | 44.6 | 270.5 |
| Cash at Beginning | 1,977.1 | 1,927.9 | 1,584.9 | 1,434.6 | 1,234.4 | 1,016.0 | 1,404.4 | 1,153.1 | 1,108.5 | 838.0 |
| Cash at End | 2,078.9 | 1,977.1 | 1,927.9 | 1,584.9 | 1,434.6 | 1,234.4 | 1,016.0 | 1,404.4 | 1,153.1 | 1,108.5 |
| Free Cash Flow | 3,741.7 | 3,031.2 | 3,328.2 | 3,005.4 | 1,953.4 | 1,626.2 | 1,022.1 | 1,162.2 | 1,041.1 | 728.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 12,156.2 | 9,812.2 | 10,496.1 | 9,211.9 | 6,918.7 | 5,806.4 | 4,568.9 | 4,036.7 | 3,480.0 | 2,984.5 |
| Gross Profit | 7,575.2 | 5,884.2 | 6,277.7 | 5,619.4 | 4,146.6 | 3,356.9 | 2,699.5 | 2,589.3 | 2,192.5 | 1,821.1 |
| Operating Income | 5,241.0 | 3,635.7 | 3,994.7 | 3,654.2 | 2,488.5 | 1,758.8 | 1,389.4 | 1,537.2 | 1,276.3 | 960.4 |
| Net Income | 4,061.6 | 2,761.9 | 3,387.3 | 3,321.8 | 2,078.3 | 1,216.8 | 1,175.6 | 802.3 | 926.1 | 704.4 |
| EPS (Diluted) | 30.37 | 20.28 | 24.15 | 21.92 | 13.37 | 7.70 | 7.49 | 5.10 | 5.88 | 4.49 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 2,078.9 | 1,977.1 | 1,927.9 | 1,584.9 | 1,434.6 | 1,234.4 | 1,016.0 | 1,404.4 | 1,153.1 | 1,108.5 |
| Total Assets | 16,067.9 | 15,433.6 | 14,072.4 | 12,597.1 | 10,271.1 | 9,280.0 | 9,008.5 | 5,619.4 | 5,532.2 | 4,962.4 |
| Total Debt | 6,088.3 | 6,819.6 | 6,063.1 | 6,774.3 | 3,545.8 | 3,569.5 | 3,423.4 | 2,237.4 | 2,930.5 | 3,057.9 |
| Stockholders' Equity | 4,692.5 | 3,368.3 | 2,919.8 | 1,401.4 | 3,377.6 | 2,665.4 | 2,659.1 | 1,620.5 | 1,326.4 | 689.1 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 4,081.9 | 3,308.6 | 3,669.8 | 3,312.7 | 2,185.0 | 1,778.8 | 1,152.6 | 1,229.1 | 1,079.7 | 759.7 |
| Capital Expenditure | (340.2) | (277.4) | (341.6) | (307.3) | (231.6) | (152.7) | (130.5) | (66.9) | (38.6) | (31.7) |
| Free Cash Flow | 3,741.7 | 3,031.2 | 3,328.2 | 3,005.4 | 1,953.4 | 1,626.2 | 1,022.1 | 1,162.2 | 1,041.1 | 728.0 |