Return on Equity (ROE)
since 2005
Calculation
KLA Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to KLA1 | ÷ | Total KLA stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | 76.08% | = | 100 | × | 4,830,771) | ÷ | 6,349,820) |
| Jun 30, 2025 | 86.56% | = | 100 | × | 4,061,643) | ÷ | 4,692,453) |
| Jun 30, 2024 | 82.00% | = | 100 | × | 2,761,896) | ÷ | 3,368,328) |
| Jun 30, 2023 | 116.01% | = | 100 | × | 3,387,277) | ÷ | 2,919,753) |
| Jun 30, 2022 | 237.04% | = | 100 | × | 3,321,807) | ÷ | 1,401,351) |
| Jun 30, 2021 | 61.53% | = | 100 | × | 2,078,292) | ÷ | 3,377,554) |
| Jun 30, 2020 | 45.65% | = | 100 | × | 1,216,785) | ÷ | 2,665,424) |
| Jun 30, 2019 | 44.21% | = | 100 | × | 1,175,617) | ÷ | 2,659,108) |
| Jun 30, 2018 | 49.51% | = | 100 | × | 802,265) | ÷ | 1,620,511) |
| Jun 30, 2017 | 69.82% | = | 100 | × | 926,076) | ÷ | 1,326,417) |
| Jun 30, 2016 | 102.22% | = | 100 | × | 704,422) | ÷ | 689,114) |
| Jun 30, 2015 | 86.88% | = | 100 | × | 366,158) | ÷ | 421,439) |
| Jun 30, 2014 | 15.88% | = | 100 | × | 582,755) | ÷ | 3,669,346) |
| Jun 30, 2013 | 15.60% | = | 100 | × | 543,149) | ÷ | 3,482,152) |
| Jun 30, 2012 | 22.80% | = | 100 | × | 756,015) | ÷ | 3,315,595) |
| Jun 30, 2011 | 27.77% | = | 100 | × | 794,488) | ÷ | 2,860,893) |
| Jun 30, 2010 | 9.45% | = | 100 | × | 212,300) | ÷ | 2,246,611) |
| Jun 30, 2009 | -23.96% | = | 100 | × | (523,368) | ÷ | 2,184,392) |
| Jun 30, 2008 | 12.04% | = | 100 | × | 359,083) | ÷ | 2,981,730) |
| Jun 30, 2007 | 14.88% | = | 100 | × | 528,098) | ÷ | 3,550,042) |
| Jun 30, 2006 | 10.66% | = | 100 | × | 380,452) | ÷ | 3,567,991) |
| Jun 30, 2005 | 15.33% | = | 100 | × | 466,695) | ÷ | 3,045,257) |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in thousands
The financial trajectory from 2005 to 2026 demonstrates a significant evolution in capital efficiency and capital structure management, transitioning from moderate returns to an aggressive high-ROE model. The analysis reveals three distinct phases: a period of cyclical volatility, a structural shift in equity levels, and a phase of sustained high-performance profitability.
- Initial Cyclical Phase (2005–2010)
- During this period, Return on Equity (ROE) remained relatively stable, fluctuating between 9.45% and 15.33%. A significant anomaly occurred in 2009, where a net loss of $523.37 million resulted in a negative ROE of -23.96%. This volatility reflects the company's sensitivity to broader industry cycles during this era, with a recovery beginning in 2010 as net income returned to positive territory.
- Structural Capital Realignment (2011–2015)
- A fundamental shift in the ROE profile is observed starting in 2011, with ratios climbing to 27.77% and eventually spiking to 102.22% by 2015. This surge was not solely driven by earnings growth but by a drastic reduction in stockholders' equity. Total equity plummeted from $3.67 billion in 2014 to $421.44 million in 2015, effectively shrinking the equity base and mathematically inflating the ROE. This pattern suggests an aggressive strategy of returning capital to shareholders through dividends or share repurchases.
- Sustained High-Efficiency Era (2016–2021)
- Following the equity compression, the company maintained an exceptionally high ROE, consistently remaining above 44%. Net income grew substantially, rising from $704.42 million in 2015 to $2.08 billion in 2020. During this window, the ROE remained elevated despite a gradual recovery in stockholders' equity, indicating that earnings growth was outpacing the accumulation of equity.
- Peak Volatility and Stabilization (2022–2026)
- The most extreme ROE peak occurred in 2022, reaching 237.04%. This was the result of a convergence between peak net income ($3.32 billion) and a sharp temporary decline in stockholders' equity to $1.40 billion. In the subsequent years leading to 2026, ROE began to stabilize between 76.08% and 116.01% as the equity base expanded toward $6.35 billion. While the ROE declined from its 2022 peak, it remains historically high, supported by a significant increase in net income, which reached a projected $4.83 billion by 2026.
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Comparison to Competitors
KLA Corp., ROE, long-term trends, comparison to competitors
| KLA Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | 76.08% | — | — | — | — | — | 58.26% | — | 76.33% | — | — |
| Jun 30, 2025 | 86.56% | 6.88% | 6.70% | 34.28% | 28.45% | -0.23% | 54.33% | 15.76% | 91.87% | 26.13% | 30.73% |
| Jun 30, 2024 | 82.00% | 2.85% | 4.65% | 37.77% | 8.71% | -18.89% | 44.82% | 1.72% | 69.24% | 38.60% | 28.39% |
| Jun 30, 2023 | 116.01% | 1.53% | 9.32% | 41.94% | 58.70% | 1.60% | 54.94% | -13.22% | 19.76% | 33.51% | 38.53% |
| Jun 30, 2022 | 237.04% | 2.41% | 7.54% | 53.51% | 50.62% | 7.90% | 73.35% | 17.41% | 36.65% | 71.81% | 60.02% |
| Jun 30, 2021 | 61.53% | 42.18% | 3.66% | 48.08% | 26.99% | 20.83% | 64.85% | 13.34% | 25.64% | 90.88% | 58.27% |
| Jun 30, 2020 | 45.65% | 42.66% | 10.17% | 34.21% | 12.40% | 25.79% | 43.53% | 6.89% | 22.91% | 85.54% | 60.90% |
| Jun 30, 2019 | 44.21% | 12.06% | 11.64% | 32.94% | 10.92% | 27.16% | 46.89% | 17.59% | 44.33% | 89.35% | 56.33% |
| Jun 30, 2018 | 49.51% | 26.62% | 13.61% | 48.44% | 45.99% | 28.24% | 36.62% | 43.77% | 40.78% | -524.14% | 62.04% |
| Jun 30, 2017 | 69.82% | 7.04% | 7.16% | 36.73% | 8.34% | 13.91% | 24.90% | 27.33% | 28.91% | 8.02% | 35.62% |
| Jun 30, 2016 | 102.22% | -119.47% | 16.68% | 23.85% | -9.20% | 15.58% | 15.51% | -2.28% | 13.74% | 17.95% | 34.33% |
| Jun 30, 2015 | 86.88% | — | 13.74% | 18.09% | 28.94% | 18.70% | 12.85% | 23.57% | 14.27% | 16.78% | 30.02% |
| Jun 30, 2014 | 15.88% | -215.51% | 13.23% | 13.62% | 8.11% | 20.95% | 12.57% | 28.27% | 9.87% | 20.34% | 27.15% |
| Jun 30, 2013 | 15.60% | -15.26% | 14.21% | 3.61% | 19.13% | 16.51% | 2.54% | 13.02% | 11.65% | 18.99% | 20.01% |
| Jun 30, 2012 | 22.80% | -219.89% | 15.63% | 1.51% | 23.27% | 21.49% | 3.29% | -13.40% | 14.02% | 18.22% | 16.05% |
| Jun 30, 2011 | 27.77% | 30.88% | 22.85% | 21.89% | 27.52% | 28.19% | 29.30% | 1.97% | 7.96% | 15.81% | 20.42% |
| Jun 30, 2010 | 9.45% | 46.50% | 22.25% | 12.44% | 27.57% | 23.19% | 19.61% | 23.07% | -2.55% | 15.57% | 30.93% |
| Jun 30, 2009 | -23.96% | 46.91% | 9.80% | -4.30% | -4.23% | 10.48% | -20.79% | -39.43% | -1.25% | 7.84% | 15.12% |
| Jun 30, 2008 | 12.04% | — | 32.49% | 12.73% | — | 13.54% | 24.70% | -26.21% | 30.47% | 17.61% | 20.59% |
| Jun 30, 2007 | 14.88% | -113.01% | 21.25% | 21.87% | — | 16.31% | 58.30% | -4.13% | 22.36% | 20.86% | 26.64% |
| Jun 30, 2006 | 10.66% | -2.87% | 15.99% | 22.80% | — | 13.72% | 24.05% | 5.03% | 20.76% | 18.42% | 38.21% |
| Jun 30, 2005 | 15.33% | 4.94% | 11.24% | 13.55% | — | 23.95% | 28.06% | 3.22% | 8.52% | 19.27% | 19.47% |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
KLA Corp., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| KLA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jun 30, 2026 | 76.08% | — |
| Jun 30, 2025 | 86.56% | 27.66% |
| Jun 30, 2024 | 82.00% | 11.77% |
| Jun 30, 2023 | 116.01% | 13.30% |
| Jun 30, 2022 | 237.04% | 22.70% |
| Jun 30, 2021 | 61.53% | 25.79% |
| Jun 30, 2020 | 45.65% | 24.53% |
| Jun 30, 2019 | 44.21% | 26.83% |
| Jun 30, 2018 | 49.51% | 33.43% |
| Jun 30, 2017 | 69.82% | 16.95% |
| Jun 30, 2016 | 102.22% | 13.42% |
| Jun 30, 2015 | 86.88% | 19.06% |
| Jun 30, 2014 | 15.88% | 19.77% |
| Jun 30, 2013 | 15.60% | 15.77% |
| Jun 30, 2012 | 22.80% | 14.95% |
| Jun 30, 2011 | 27.77% | 21.55% |
| Jun 30, 2010 | 9.45% | 20.99% |
| Jun 30, 2009 | -23.96% | 5.27% |
| Jun 30, 2008 | 12.04% | 10.02% |
| Jun 30, 2007 | 14.88% | 13.62% |
| Jun 30, 2006 | 10.66% | 16.52% |
| Jun 30, 2005 | 15.33% | 18.50% |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Information Technology)
KLA Corp., ROE, long-term trends, comparison to industry (information technology)
| KLA Corp. | Information Technology | |
|---|---|---|
| Jun 30, 2026 | 76.08% | — |
| Jun 30, 2025 | 86.56% | 34.73% |
| Jun 30, 2024 | 82.00% | 29.28% |
| Jun 30, 2023 | 116.01% | 31.78% |
| Jun 30, 2022 | 237.04% | 38.79% |
| Jun 30, 2021 | 61.53% | 42.14% |
| Jun 30, 2020 | 45.65% | 35.58% |
| Jun 30, 2019 | 44.21% | 36.48% |
| Jun 30, 2018 | 49.51% | 30.38% |
| Jun 30, 2017 | 69.82% | 23.35% |
| Jun 30, 2016 | 102.22% | 23.33% |
| Jun 30, 2015 | 86.88% | 26.15% |
| Jun 30, 2014 | 15.88% | 25.61% |
| Jun 30, 2013 | 15.60% | 24.89% |
| Jun 30, 2012 | 22.80% | 26.24% |
| Jun 30, 2011 | 27.77% | 29.22% |
| Jun 30, 2010 | 9.45% | 27.89% |
| Jun 30, 2009 | -23.96% | 20.28% |
| Jun 30, 2008 | 12.04% | 25.67% |
| Jun 30, 2007 | 14.88% | 24.01% |
| Jun 30, 2006 | 10.66% | 22.74% |
| Jun 30, 2005 | 15.33% | 22.11% |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).