Applied Materials vs KLA
Applied Materials reported revenue of $28.4 billion in fiscal 2025, 2.1 times KLA's $13.6 billion in fiscal 2026. Applied Materials' revenue grew 4.4% in its latest year, and KLA's grew 11.7%. Free cash flow was $5.7 billion at Applied Materials and $3.8 billion at KLA. Their fiscal years end in different months (October 26 and June 30), so the periods don't line up exactly.
Side by side
| Applied Materials | KLA | |
|---|---|---|
| Latest fiscal year | FY2025, Oct 26, 2025 | FY2026, Jun 30, 2026 |
| Revenue | $28.4B | $13.6B |
| Revenue growth | 4.4% | 11.7% |
| Revenue growth a year, last 5 years | 10.5% | 14.4% |
| Gross margin | 48.7% | 61.3% |
| Operating margin | 29.2% | — |
| Net margin | 24.7% | 35.6% |
| Free cash flow | $5.7B | $3.8B |
| Free cash flow margin | 20.1% | 27.7% |
| Return on capital | 35.9% | 75.3% |
| Net debt to EBITDA | −0.2x | 0.2x |
| Dividends and buybacks | $6.3B | $3.3B |
| Change in diluted share count | −3.1% | −1.3% |
| Last close | $387.59 | $149.21 |
| P/E at the last close | 33.4× | 40.8× |
| Insider trades, last 12 months | sold $180.6 million | sold $112.3 million |
| Piotroski F-score | 7 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Applied MaterialsKLA
Operating margin
Percent of revenue
Applied MaterialsKLA
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Applied MaterialsKLA
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Applied Materials and KLA pages.