KLAC
KLA CORP
Other • CIK: 0000319201
Loading...
Market Cap
$160.29B
P/E (TTM)
35.2x
Rev Growth (TTM)
+17.5%
Net Margin (TTM)
35.8%
FCF Yield (TTM)
2.7%
FCF Margin (TTM)
34.4%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$4.4B
Q '26
$1.3B+18%
Q1 '26
$1.1B+0%
FCF Margin
TTM34.4%
Q '2638.3%+15%
Sector: 4.1%Top 10%
OCF Margin37.4%
OCF/NI1.05x
CapEx Coverage12.4x
FCF Yield2.7%
FCF Growth (2Y)+14%
Cash Conversion Cycle
270 days
DSO: 64+DIO: 239−DPO: 33
Capital Allocation & Returns
Growth Focused
Total Shareholder YieldTTM
TTM1.9%
Div Yield0.6%
+Buyback (TTM)1.3%
Prioritizing reinvestment over distributions
Dividend & Payout Metrics
Dividend Yield (TTM)0.6%
FCF Payout Ratio21.7%
Free Cash Flow (TTM)$4.4B
Stock Repurchases (TTM)$2.0B
Capital Return / FCF68.7%
Est. Dividends Paid (TTM)$949.8M
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
183.2%
Moderate
+0.2% YoY+11.8%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
36.6%
8Q: 35.1%
Asset Turnover
0.80x
8Q: 0.80x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: 29.4% ≈ 183.2% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
10.17x
8Q:10.13x
+136.6%
Invested Cap Turn
5.01x
8Q:5.02x
-21.8%
CapEx Intensity
15.1%
8Q:13.9%
CapEx/Depreciation
0.98x
Depreciation Rate Trend
⚠ Declining -3.4%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $12.7B | $3.3B↑2.7% | $3.2B↑1.1% | $3.2B↑3.6% | $3.1B↓0.4% | $3.1B↑8.3% | $2.8B↑10.6% | $2.6B↑8.9% | $2.4B |
Operating Income | $5.4B | $1.4B↑1.9% | $1.3B↓1.1% | $1.4B↑4.0% | $1.3B↑4.7% | $1.2B↑10.9% | $1.1B↑14.6% | $977.3M↑21.1% | $806.8M |
Net Income | $4.6B | $1.1B↑2.2% | $1.1B↓6.8% | $1.2B↑10.5% | $1.1B↑32.0% | $824.5M↓12.8% | $945.9M↑13.1% | $836.4M↑39.1% | $601.5M |
Operating Cash Flow | $4.8B | $1.4B↑17.7% | $1.2B↓0.3% | $1.2B↑8.7% | $1.1B↑26.2% | $849.5M↓14.6% | $995.2M↑11.5% | $892.6M↓1.9% | $910.0M |
Free Cash Flow | $4.4B | $1.3B↑18.4% | $1.1B↑0.1% | $1.1B↑7.5% | $990.0M↑30.7% | $757.2M↓19.0% | $934.8M↑12.4% | $831.9M↓0.8% | $838.2M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
35.2x
Valuation Lenses
Earnings
35.2x
vs – sector
Cash Flow
6.3x
EV/FCF vs –
Growth-Adj
0.8xPEG
Undervalued for growth
Quality-Adj
0.2P/E per %ROIC
ROIC: 183.2%
Shareholder Returns
Dividend
0.6%
Buyback
1.3%
Total Yield
1.9%
Market Cap$160.29B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
92/100
Exceptional
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 10%
1.0%
8Q:–
Return on Invested Capital (ROIC)Top 25%
1.8%
8Q:–
+11.8%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 36.6%
Asset Turnover: 0.80x
Earnings Quality
Cash Conversion
1.05x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin61.6%
Capital Efficiency
Invested Capital Turnover5.01x
Working Capital
Cash Conversion Cycle270 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
74/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
17.5%
OpInc Growth YoY
9.7%
EPS Growth YoY
44.6%
FCF 3Y CAGR
13.6%
Margin Quality & Sustainability
High Quality
Profitability Cascade
Gross
61.6%
Operating
42.0%
Top 25% in sector
Net
35.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
-1.4 pts
FCF: 34.4% | Net: 35.8%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $2.45B
Interest Coverage
–
+Net cash position: $2.45B
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis