KLACNasdaqOptical Instruments & LensesFiscal year ends June 30
KLA CORP
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 6, 2026
$166.40+0.66 (+0.40%)
Close on Oct 19, 2026
- Market cap
- $219.04B
- P/E (TTM)
- 45.5
- Dividend yield
- 0.48%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
61.3%+1.4 pts over 5 years
Operating margin
–
Net margin
35.6%+5.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.7% | +9.0% | +14.4% | +16.4% | |
| Gross profit | +12.4% | +9.9% | +15.0% | +16.4% | |
| Net income | +18.9% | +12.6% | +18.4% | +21.2% | |
| EPS, diluted | +20.4% | +14.9% | +22.3% | +23.3% | |
| Free cash flow | +0.5% | +4.2% | +14.0% | +17.9% | |
| Dividend per share | +18.5% | +15.4% | +17.3% | +14.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 91.9% | 68.8% | 87.5% | |
| Return on assets | 17.6% | 21.3% | 28.4% | |
| Current ratio | 3.40 | 2.71 | 2.88 | |
| Debt to equity | 2.21 | – | – | |
| Inventory turnover | 1.8× | 1.9× | 1.5× | |
| Capex to revenue | 1.1% | 3.3% | 2.8% | |
| Diluted shares | 1.57B | 1.55B | 1.32B |
Where the cash went
Fiscal 2022 to 2026, five years combined
KLA generated $18.52B from operations and spent $17.20B on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$18.52B
Used
$17.20B
Capital expenditure$1.64B10%Dividends$4.11B24%Share buybacks$11.46B67%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin35.6%
×Asset turnover0.80×
×Equity multiplier3.08×
=Return on equity, FY202687.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 35.6% | 0.80× | 3.08× | 87.5% |
| FY2025 | 33.4% | 0.77× | 3.91× | 100.8% |
| FY2024 | 28.1% | 0.67× | 4.69× | 87.8% |
| FY2023 | 32.3% | 0.79× | 6.17× | 156.8% |
| FY2022 | 36.1% | 0.81× | 4.79× | 139.0% |
| FY2021 | 30.0% | 0.71× | 3.24× | 68.8% |
| FY2020 | 21.0% | 0.63× | 3.43× | 45.7% |
| FY2019 | 25.7% | 0.62× | 3.42× | 54.9% |
| FY2018 | 19.9% | 0.72× | 3.79× | 54.4% |
| FY2017 | 26.6% | 0.66× | 5.21× | 91.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$4.83B
- Cash generatingOperating cash flow above zero$4.14B
- Return on assets improvedROA up on the prior year26.3% → 30.1%
- Earnings backed by cashOperating cash flow above net income$4.14B vs $4.83B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.62 → 2.88
- No dilutionShare count did not rise1.34B → 1.32B
- Gross margin improvedGross margin up on the prior year60.91% → 61.30%
- More efficientAsset turnover rose0.79 → 0.85