How Does KLA Stock Compare With Peers?
KLA‘s stock has notably outperformed most peers over the past year. But how does it truly measure up against rivals rapidly scaling in the semiconductor equipment sector, fueled by AI and advanced packaging? A closer look reveals KLA boasts robust profitability, marked by top-tier operating and free cash flow margins, alongside strong revenue growth. While its valuation is moderate relative to some, this profile suggests solid fundamentals and potential for continued upside in the thriving industry.
- KLAC’s 41.8% operating margin, the highest among peers, stems from its dominant process control market share and critical yield management solutions for advanced nodes.
- KLAC’s 22.1% revenue growth, outpacing peers but trailing LRCX, is fueled by AI, HBM, and advanced packaging demand, reflecting critical process control needs.
- KLAC’s 110.9% stock gain and 44.4 PE reflect AI infrastructure confidence, while trailing LRCX suggests differing market views on growth drivers or valuation.
Here’s how KLA stacks up across size, valuation, and profitability versus key peers.
| KLAC | AMAT | LRCX | ONTO | VECO | MKSI | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 188.2 | 244.3 | 278.7 | 9.4 | 2.0 | 12.5 |
| Revenue ($ Bil) | 12.5 | 28.4 | 19.6 | 1.0 | 0.7 | 3.8 |
| PE Ratio | 44.4 | 34.9 | 48.0 | 53.5 | 41.3 | 44.8 |
| LTM Revenue Growth | 22.1% | 4.4% | 25.7% | 6.4% | -3.9% | 8.1% |
| LTM Operating Margin | 41.8% | 29.9% | 33.0% | 16.8% | 10.1% | 14.4% |
| LTM FCF Margin | 30.9% | 20.1% | 28.3% | 26.1% | 8.0% | 13.8% |
| 12M Market Return | 110.9% | 80.8% | 197.9% | 0.7% | 26.8% | 71.9% |
For more details on KLA, read Buy or Sell KLAC Stock. Below we compare KLAC’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
- Trump And Greenland: Three Outcomes
- Earn 11% Today or Buy LULU 30% Cheaper – It’s a Win-Win
- Triggers That Could Ignite the Next Rally In Advanced Micro Devices Stock
- The Hidden Dangers Facing Tesla Stock
- PagerDuty Stock: Strong Cash Flow Poised for a Re-Rating?
- High Margins, 39% Discount: Buy Salesforce Stock Now
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| KLAC | 22.1% | 23.9% | -6.5% | 13.9% | |
| AMAT | 4.4% | 4.4% | 2.5% | 2.8% | |
| LRCX | 25.7% | 23.7% | -14.5% | 1.2% | |
| ONTO | 6.4% | – | 21.0% | -18.8% | 27.4% |
| VECO | -3.9% | – | 7.6% | 3.1% | 10.8% |
| MKSI | 8.1% | – | -1.0% | 2.1% | 20.2% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| KLAC | 41.8% | 41.2% | 37.1% | 38.1% | |
| AMAT | 29.9% | 29.9% | 28.9% | 28.9% | |
| LRCX | 33.0% | 32.0% | 28.7% | 29.9% | |
| ONTO | 16.8% | – | 19.0% | 14.2% | 23.5% |
| VECO | 10.1% | – | 13.3% | 10.5% | 9.3% |
| MKSI | 14.4% | – | 14.4% | 10.6% | 18.9% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| KLAC | 44.4 | 39.8 | 30.9 | 23.9 | |
| AMAT | 34.9 | 29.5 | 18.7 | 19.9 | |
| LRCX | 48.0 | 41.1 | 24.8 | 23.5 | |
| ONTO | 53.5 | – | 38.6 | 67.4 | 33.8 |
| VECO | 41.3 | – | 21.9 | -47.5 | 9.3 |
| MKSI | 44.8 | – | 56.6 | -3.8 | 18.4 |
Still not sure about KLAC stock? Consider a portfolio approach.
Smart Investing Begins With Portfolios
Individual picks can be volatile, but staying invested is what matters. A diversified portfolio helps you stay the course, capture upside, and reduce downside
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.