A Business at a Glance
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ITEM 1.BUSINESS The Company KLA Corporation and its majority-owned subsidiaries (“KLA” or the “Company” and also referred to as “we,” “our,” “us” or similar references) are suppliers of industry-leading equipment and services that enables innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers, reticles/masks, chemicals/materials, integrated circuits (“IC” or “chip”), packaged ICs and printed circuit boards (“PCB”), as well as comprehensive support and services across our installed base. Our suite of advanced products, coupled with our unique process control software and services, allow us to deliver the solutions our customers need to achieve their technology advancement and high-volume production goals by significantly improving yields, while simultaneously reducing waste, risks and costs. This improves our customers’ overall profitability and return on investment.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 12.7B | 12.2B | 9.8B | 10.5B | 9.2B | 6.9B |
| Net Income | 4.6B | 4.1B | 2.8B | 3.4B | 3.3B | 2.1B |
| EPS | $34.35 | $30.37 | $20.28 | $24.15 | $21.92 | $13.37 |
| Free Cash Flow | 4.4B | 3.7B | 3.0B | 3.3B | 3.0B | 2.0B |
| ROIC | 0.0% | 65.5% | 44.6% | 73.7% | 71.0% | 56.1% |
| Gross Margin | 61.6% | 60.9% | 60.0% | 59.8% | 61.0% | 59.9% |
| Debt/Equity | 1.08 | 1.25 | 2.19 | 2.02 | 4.75 | 1.02 |
| Dividends/Share | $7.50 | $6.75 | $5.65 | $5.20 | $4.20 | $3.60 |
| Operating Income | 0 | 4.9B | 3.5B | 4.1B | 3.6B | 2.5B |
| Operating Margin | 0.0% | 40.7% | 35.7% | 38.9% | 39.6% | 36.4% |
| ROE | 83.4% | 100.8% | 82.0% | 116.0% | 237.0% | 61.5% |
| Shares Outstanding | 131M | 134M | 136M | 140M | 152M | 155M |
KLA CORP passes 7 of 9 quality checks, indicating strong fundamentals.
KLA CORP trades at 51.5x trailing earnings, compared to its 15-year median P/E of 18.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 52.9x vs a median of 17.0x. The company's 5-year average ROIC is 62.2% with a gross margin of 60.3%. Total shareholder yield (dividends + buybacks) is 1.3%. At current prices, the estimated annualized return to fair value is +25.0%.
KLA CORP (KLAC) has a current P/E ratio of 51.5, compared to its historical median P/E of 18.5. The stock is currently considered Expensive based on its historical valuation range.
KLA CORP (KLAC) has a 5-year average return on invested capital (ROIC) of 62.2%. This indicates strong capital allocation and a potential competitive advantage.
KLA CORP (KLAC) has a market capitalization of $231.8B. It is classified as a mega-cap stock.
Yes, KLA CORP (KLAC) pays a dividend with a trailing twelve-month yield of 0.42%. The company also returns capital through share buybacks, with a buyback yield of 0.87%.
Based on historical P/E analysis, KLA CORP (KLAC) appears expensive. The current P/E of 51.5 is 178% above its historical median of 18.5. The estimated fair value CAGR (P/E method) is 27.1%.
KLA CORP (KLAC) operates in the Optical Instruments & Lenses industry, within the Technology sector.
KLA CORP (KLAC) reported annual revenue of $12.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
KLA CORP (KLAC) has a net profit margin of 33.4%. This is a strong margin indicating high profitability.
KLA CORP (KLAC) generated $3.7 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
KLA CORP (KLAC) has a debt-to-equity ratio of 1.25. This indicates moderate leverage.
KLA CORP (KLAC) reported earnings per share (EPS) of $30.37 in its most recent fiscal year.
KLA CORP (KLAC) has a return on equity (ROE) of 100.8%. This indicates the company generates strong returns for shareholders.
KLA CORP (KLAC) has a 5-year average gross margin of 60.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for KLA CORP (KLAC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KLA CORP (KLAC) has a book value per share of $35.09, based on its most recent annual SEC filing.
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