Kla Corp Financials

KLAC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

This page shows Kla Corp (KLAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 89/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Kla Corp's revenue surged 23.9% year-over-year to $12.2B, reflecting rapid business expansion. This strong growth earns a score of 97/100.

Leverage

Kla Corp carries a low D/E ratio of 1.25, meaning only $1.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.62, Kla Corp holds $2.62 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 85/100.

Cash Flow

100

Kla Corp converts 30.8% of revenue into free cash flow ($3.7B). This strong cash generation earns a score of 100/100.

Returns

100

Kla Corp earns a strong 86.6% return on equity (ROE), meaning it generates $87 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 82.0% the prior year.

Piotroski F-Score Strong

9/9

Kla Corp passes 9 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.00x

For every $1 of reported earnings, Kla Corp generates $1.00 in operating cash flow ($4.1B OCF vs $4.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Revenue

$12.2B

YoY+23.9%

5Y CAGR+15.9%

10Y CAGR+15.8%

Kla Corp generated $12.2B in revenue in fiscal year 2025. This represents an increase of 23.9% from the prior year.

EBITDA

N/A

Free Cash Flow

$3.7B

YoY+23.6%

5Y CAGR+18.2%

10Y CAGR+20.9%

Kla Corp generated $3.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 23.6% from the prior year.

Net Income

$4.1B

YoY+47.1%

5Y CAGR+27.3%

10Y CAGR+27.2%

Kla Corp reported $4.1B in net income in fiscal year 2025. This represents an increase of 47.1% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$2.1B

YoY+5.1%

5Y CAGR+11.0%

10Y CAGR+9.5%

Kla Corp held $2.1B in cash against $5.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

$6.75

YoY+19.5%

5Y CAGR+15.4%

10Y CAGR-9.6%

Kla Corp paid $6.75 per share in dividends in fiscal year 2025. This represents an increase of 19.5% from the prior year.

Shares Outstanding

132M

YoY-1.8%

5Y CAGR-3.2%

10Y CAGR-1.8%

Kla Corp had 132M shares outstanding in fiscal year 2025. This represents a decrease of 1.8% from the prior year.

Gross Margin

60.9%

YoY+0.9pp

5Y CAGR+3.1pp

10Y CAGR+4.1pp

Kla Corp's gross margin was 60.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.

Operating Margin

N/A

Net Margin

33.4%

YoY+5.3pp

5Y CAGR+12.4pp

10Y CAGR+20.4pp

Kla Corp's net profit margin was 33.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.3 percentage points from the prior year.

Return on Equity

86.6%

YoY+4.6pp

5Y CAGR+40.9pp

10Y CAGR-0.3pp

Kla Corp's ROE was 86.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.6 percentage points from the prior year.

R&D Spending

$1.4B

YoY+6.4%

5Y CAGR+9.5%

10Y CAGR+9.9%

Kla Corp invested $1.4B in research and development in fiscal year 2025. This represents an increase of 6.4% from the prior year.

Share Buybacks

$2.1B

YoY+23.9%

5Y CAGR+21.0%

10Y CAGR+13.6%

Kla Corp spent $2.1B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 23.9% from the prior year.

Capital Expenditures

$335.3M

YoY+20.9%

5Y CAGR+17.0%

10Y CAGR+22.0%

Kla Corp invested $335.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.9% from the prior year.

KLAC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$12.2B+23.9%	$9.8B-6.5%	$10.5B+13.9%	$9.2B+33.1%	$6.9B+19.2%	$5.8B
Cost of Revenue	$4.8B+21.0%	$3.9B-6.9%	$4.2B+17.4%	$3.6B+29.6%	$2.8B+13.2%	$2.4B
Gross Profit	$7.4B+25.8%	$5.9B-6.3%	$6.3B+11.7%	$5.6B+35.5%	$4.1B+23.5%	$3.4B
R&D Expenses	$1.4B+6.4%	$1.3B-1.4%	$1.3B+17.3%	$1.1B+19.0%	$928.5M+7.5%	$863.9M
SG&A Expenses	$1.0B+6.2%	$969.5M-1.7%	$986.3M+14.7%	$860.0M+17.9%	$729.6M-0.6%	$734.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$302.2M-2.9%	$311.3M+4.8%	$296.9M+85.2%	$160.3M+1.9%	$157.3M-1.8%	$160.3M
Income Tax	$582.8M+36.1%	$428.1M+6.5%	$401.8M+140.4%	$167.2M-40.9%	$283.1M+178.4%	$101.7M
Net Income	$4.1B+47.1%	$2.8B-18.5%	$3.4B+2.0%	$3.3B+59.8%	$2.1B+70.8%	$1.2B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q2'25	Q3'25	Q2'25	Q1'25	Q2'24	Q3'24
Revenue	$3.3B+2.7%	$3.2B+337.1%	$734.3M-76.0%	$3.1B-0.4%	$3.1B+8.3%	$2.8B+125.8%	$1.3B-46.7%	$2.4B
Cost of Revenue	$1.3B+2.3%	$1.2B	N/A	$1.2B-3.7%	$1.2B+6.5%	$1.1B	N/A	$993.9M
Gross Profit	$2.0B+3.0%	$2.0B+382.4%	$407.7M-78.4%	$1.9B+1.7%	$1.9B+9.5%	$1.7B+154.5%	$665.6M-51.3%	$1.4B
R&D Expenses	$383.9M+6.5%	$360.5M	N/A	$338.0M-2.3%	$346.2M+7.1%	$323.1M	N/A	$321.6M
SG&A Expenses	$279.9M+4.1%	$269.0M	N/A	$248.9M-6.8%	$267.1M+6.4%	$251.0M	N/A	$237.5M
Operating Income	$154.7M+41.7%	$109.2M-36.9%	$173.0M-33.8%	$261.2M+38.9%	$188.0M+25.4%	$149.9M-20.1%	$187.6M-7.2%	$202.2M
Interest Expense	$69.7M-2.0%	$71.1M	N/A	$71.9M-4.1%	$75.0M-8.8%	$82.2M	N/A	$80.0M
Income Tax	$184.6M-2.0%	$188.4M	N/A	$176.0M+18.9%	$148.0M+11.4%	$132.8M	N/A	$100.5M
Net Income	$1.1B+2.2%	$1.1B+770.8%	$128.7M-88.2%	$1.1B+32.0%	$824.5M-12.8%	$945.9M+334.2%	$217.8M-63.8%	$601.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KLAC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$16.1B+4.1%	$15.4B+9.7%	$14.1B+11.7%	$12.6B+22.6%	$10.3B+10.7%	$9.3B
Current Assets	$10.7B+6.7%	$10.0B+19.8%	$8.4B+16.8%	$7.2B+25.9%	$5.7B+20.6%	$4.7B
Cash & Equivalents	$2.1B+5.1%	$2.0B+2.6%	$1.9B+21.6%	$1.6B+10.5%	$1.4B+16.2%	$1.2B
Inventory	$3.2B+5.8%	$3.0B+5.5%	$2.9B+34.0%	$2.1B+36.3%	$1.6B+20.2%	$1.3B
Accounts Receivable	$2.3B+23.5%	$1.8B+4.5%	$1.8B-3.2%	$1.8B+38.8%	$1.3B+17.9%	$1.1B
Goodwill	$1.8B-11.1%	$2.0B-11.5%	$2.3B-1.8%	$2.3B+15.4%	$2.0B-1.7%	$2.0B
Total Liabilities	$11.4B-5.7%	$12.1B+8.2%	$11.2B-0.4%	$11.2B+62.4%	$6.9B+4.5%	$6.6B
Current Liabilities	$4.1B-12.3%	$4.7B+24.5%	$3.7B+30.4%	$2.9B+36.5%	$2.1B+23.7%	$1.7B
Long-Term Debt	$5.9B+0.1%	$5.9B-0.2%	$5.9B-11.6%	$6.7B+94.6%	$3.4B-1.4%	$3.5B
Total Equity	$4.7B+39.3%	$3.4B+15.4%	$2.9B+108.4%	$1.4B-58.5%	$3.4B+26.7%	$2.7B
Retained Earnings	$2.2B+91.6%	$1.1B+34.0%	$848.4M+131.3%	$366.9M-71.3%	$1.3B+95.0%	$654.9M

Metric	Q2'26	Q1'26	Q2'25	Q3'25	Q2'25	Q1'25	Q2'24	Q3'24
Total Assets	$16.7B+2.5%	$16.3B+1.6%	$16.1B+5.8%	$15.2B+1.2%	$15.0B-4.3%	$15.7B+1.6%	$15.4B+3.2%	$15.0B
Current Assets	$11.3B+3.3%	$10.9B+1.9%	$10.7B+7.6%	$9.9B+1.8%	$9.8B-4.5%	$10.2B+2.0%	$10.0B+5.3%	$9.5B
Cash & Equivalents	$2.5B+26.0%	$1.9B-6.4%	$2.1B+11.9%	$1.9B+1.1%	$1.8B-7.0%	$2.0B0.0%	$2.0B+7.0%	$1.8B
Inventory	$3.3B-0.4%	$3.3B+2.7%	$3.2B+1.8%	$3.2B+3.6%	$3.0B-2.0%	$3.1B+2.5%	$3.0B+0.9%	$3.0B
Accounts Receivable	$2.1B-9.0%	$2.3B+0.6%	$2.3B+4.8%	$2.2B-7.5%	$2.3B+19.5%	$2.0B+6.6%	$1.8B+12.8%	$1.6B
Goodwill	$1.8B0.0%	$1.8B-0.1%	$1.8B+0.3%	$1.8B+0.1%	$1.8B-11.4%	$2.0B0.0%	$2.0B0.0%	$2.0B
Total Liabilities	$11.3B-0.7%	$11.3B-0.4%	$11.4B+1.7%	$11.2B-2.0%	$11.4B-5.8%	$12.1B+0.5%	$12.1B+1.7%	$11.9B
Current Liabilities	$4.0B-1.7%	$4.0B-0.9%	$4.1B+4.5%	$3.9B-5.5%	$4.1B-13.8%	$4.8B+2.9%	$4.7B+4.5%	$4.5B
Long-Term Debt	$5.9B0.0%	$5.9B0.0%	$5.9B0.0%	$5.9B0.0%	$5.9B0.0%	$5.9B0.0%	$5.9B0.0%	$5.9B
Total Equity	$5.5B+9.6%	$5.0B+6.2%	$4.7B+17.2%	$4.0B+11.7%	$3.6B+0.7%	$3.6B+5.7%	$3.4B+8.8%	$3.1B
Retained Earnings	$2.9B+14.6%	$2.5B+14.5%	$2.2B+32.4%	$1.6B+28.1%	$1.3B-3.3%	$1.3B+16.8%	$1.1B+18.6%	$958.9M

KLAC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.1B+23.4%	$3.3B-9.8%	$3.7B+10.8%	$3.3B+51.6%	$2.2B+22.8%	$1.8B
Capital Expenditures	$335.3M+20.9%	$277.4M-18.8%	$341.6M+11.2%	$307.3M+32.7%	$231.6M+51.7%	$152.7M
Free Cash Flow	$3.7B+23.6%	$3.0B-8.9%	$3.3B+10.7%	$3.0B+53.9%	$2.0B+20.1%	$1.6B
Investing Cash Flow	-$202.5M+86.3%	-$1.5B-206.1%	-$482.6M+44.9%	-$876.5M-75.2%	-$500.4M-93.3%	-$258.9M
Financing Cash Flow	-$3.8B-113.2%	-$1.8B+37.2%	-$2.8B-25.4%	-$2.3B-50.7%	-$1.5B-15.3%	-$1.3B
Dividends Paid	$904.6M+17.0%	$773.0M+5.5%	$732.6M+14.7%	$638.5M+14.1%	$559.4M+7.1%	$522.4M
Share Buybacks	$2.1B+23.9%	$1.7B+32.3%	$1.3B-66.9%	$4.0B+322.7%	$938.6M+13.2%	$829.1M

Metric	Q2'26	Q1'26	Q2'25	Q3'25	Q2'25	Q1'25	Q2'24	Q3'24
Operating Cash Flow	$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
Capital Expenditures	$105.6M+10.1%	$95.9M-4.5%	$100.4M+22.2%	$82.1M-11.0%	$92.3M+52.9%	$60.4M-0.6%	$60.7M-15.4%	$71.8M
Free Cash Flow	$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
Investing Cash Flow	-$112.7M+72.5%	-$410.0M-26.0%	-$325.3M-1.7%	-$319.8M-152.1%	$613.7M+458.8%	-$171.0M-23.2%	-$138.8M+83.8%	-$858.0M
Financing Cash Flow	-$747.6M+15.2%	-$881.8M-40.0%	-$629.8M+14.3%	-$735.2M+53.6%	-$1.6B-89.0%	-$837.7M-35.4%	-$618.9M-545.5%	$138.9M
Dividends Paid	$249.7M-1.7%	$254.0M0.0%	$254.0M+12.5%	$225.8M-0.4%	$226.8M+14.5%	$198.1M+0.3%	$197.5M+0.1%	$197.2M
Share Buybacks	$547.8M+0.5%	$545.1M+28.0%	$425.7M-16.0%	$506.7M-22.1%	$650.1M+14.6%	$567.4M+20.7%	$470.3M+26.3%	$372.3M

KLAC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	60.9%+0.9pp	60.0%+0.2pp	59.8%-1.2pp	61.0%+1.1pp	59.9%+2.1pp	57.8%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	33.4%+5.3pp	28.1%-4.1pp	32.3%-3.8pp	36.1%+6.0pp	30.0%+9.1pp	21.0%
Return on Equity	86.6%+4.6pp	82.0%-34.0pp	116.0%-121.0pp	237.0%+175.5pp	61.5%+15.9pp	45.6%
Return on Assets	25.3%+7.4pp	17.9%-6.2pp	24.1%-2.3pp	26.4%+6.1pp	20.2%+7.1pp	13.1%
Current Ratio	2.62+0.5	2.15-0.1	2.24-0.3	2.50-0.2	2.71-0.1	2.78
Debt-to-Equity	1.25-0.5	1.75-0.3	2.02-2.7	4.75+3.7	1.01-0.3	1.30
FCF Margin	30.8%-0.1pp	30.9%-0.8pp	31.7%-0.9pp	32.6%+4.4pp	28.2%+0.2pp	28.0%

Metric	Q2'26	Q1'26	Q2'25	Q3'25	Q2'25	Q1'25	Q2'24	Q3'24
Gross Margin	61.5%+0.2pp	61.3%+5.8pp	55.5%-6.1pp	61.6%+1.3pp	60.3%+0.7pp	59.6%+6.7pp	52.9%-5.0pp	57.9%
Operating Margin	22.9%+5.9pp	17.0%-6.6pp	23.6%-7.8pp	31.4%+4.7pp	26.7%+3.9pp	22.8%-3.3pp	26.1%-1.7pp	27.7%
Net Margin	34.8%-0.2pp	34.9%+17.4pp	17.5%-18.0pp	35.5%+8.7pp	26.8%-6.5pp	33.3%+16.0pp	17.3%-8.2pp	25.5%
Return on Equity	21.0%-1.5pp	22.5%+19.0pp	3.5%-23.7pp	27.2%+4.2pp	23.0%-3.6pp	26.6%+18.4pp	8.2%-11.2pp	19.4%
Return on Assets	6.9%-0.0pp	6.9%+4.5pp	2.3%-4.8pp	7.2%+1.7pp	5.5%-0.5pp	6.0%+3.6pp	2.4%-1.6pp	4.0%
Current Ratio	2.83+0.1	2.69+0.1	2.62+0.1	2.54+0.2	2.36+0.2	2.13-0.0	2.15+0.0	2.14
Debt-to-Equity	1.08-0.1	1.18-0.1	1.25-0.2	1.47-0.2	1.64-0.0	1.65-0.1	1.75-0.2	1.90
FCF Margin	38.3%+5.1pp	33.2%+1.1pp	32.1%-0.2pp	32.3%+7.7pp	24.6%-8.3pp	32.9%+11.5pp	21.4%-14.1pp	35.5%

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Frequently Asked Questions

What is Kla Corp's annual revenue?

Kla Corp (KLAC) reported $12.2B in total revenue for fiscal year 2025. This represents a 23.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kla Corp's revenue growing?

Kla Corp (KLAC) revenue grew by 23.9% year-over-year, from $9.8B to $12.2B in fiscal year 2025.

Is Kla Corp profitable?

Yes, Kla Corp (KLAC) reported a net income of $4.1B in fiscal year 2025, with a net profit margin of 33.4%.

How much debt does Kla Corp have?

As of fiscal year 2025, Kla Corp (KLAC) had $2.1B in cash and equivalents against $5.9B in long-term debt.

What is Kla Corp's gross margin?

Kla Corp (KLAC) had a gross margin of 60.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Kla Corp's net profit margin?

Kla Corp (KLAC) had a net profit margin of 33.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Kla Corp pay dividends?

Yes, Kla Corp (KLAC) paid $6.75 per share in dividends during fiscal year 2025.

What is Kla Corp's return on equity (ROE)?

Kla Corp (KLAC) has a return on equity of 86.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Kla Corp's free cash flow?

Kla Corp (KLAC) generated $3.7B in free cash flow during fiscal year 2025. This represents a 23.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Kla Corp's operating cash flow?

Kla Corp (KLAC) generated $4.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Kla Corp's total assets?

Kla Corp (KLAC) had $16.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Kla Corp's capital expenditures?

Kla Corp (KLAC) invested $335.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Kla Corp spend on research and development?

Kla Corp (KLAC) invested $1.4B in research and development during fiscal year 2025.

Does Kla Corp buy back shares?

Yes, Kla Corp (KLAC) spent $2.1B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Kla Corp have outstanding?

Kla Corp (KLAC) had 132M shares outstanding as of fiscal year 2025.

What is Kla Corp's current ratio?

Kla Corp (KLAC) had a current ratio of 2.62 as of fiscal year 2025, which is generally considered healthy.

What is Kla Corp's debt-to-equity ratio?

Kla Corp (KLAC) had a debt-to-equity ratio of 1.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kla Corp's return on assets (ROA)?

Kla Corp (KLAC) had a return on assets of 25.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Kla Corp's Piotroski F-Score?

Kla Corp (KLAC) has a Piotroski F-Score of 9 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kla Corp's earnings high quality?

Kla Corp (KLAC) has an earnings quality ratio of 1.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Kla Corp?

Kla Corp (KLAC) scores 89 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.