KLA-Tencor Corporation (KLAC)
Return on equity (ROE)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,061,648 | 3,695,244 | 3,208,365 | 2,966,372 | 2,761,896 | 2,610,104 | 2,706,400 | 3,102,661 | 3,387,276 | 3,507,996 | 3,540,731 | 3,279,380 | 3,321,810 | 3,149,414 | 2,986,338 | 2,726,145 | 2,078,292 | 1,856,567 | 1,367,523 | 1,290,827 |
| Total stockholders’ equity | US$ in thousands | 4,692,450 | 4,004,740 | 3,584,550 | 3,559,710 | 3,368,330 | 3,094,880 | 3,043,710 | 2,990,220 | 2,919,750 | 2,682,780 | 2,603,260 | 2,102,070 | 1,401,350 | 4,080,310 | 4,048,530 | 3,860,930 | 3,377,550 | 3,114,860 | 2,935,180 | 2,747,180 |
| ROE | 86.56% | 92.27% | 89.51% | 83.33% | 82.00% | 84.34% | 88.92% | 103.76% | 116.01% | 130.76% | 136.01% | 156.01% | 237.04% | 77.19% | 73.76% | 70.61% | 61.53% | 59.60% | 46.59% | 46.99% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,061,648K ÷ $4,692,450K
= 86.56%
The analysis of KLA-Tencor Corporation's return on equity (ROE) over the specified period reveals notable fluctuations and trends. During the fiscal year ending September 30, 2020, the ROE was approximately 47%, indicating a strong level of profitability relative to shareholders' equity. This elevated performance persisted well into the first quarter of 2021, with ROE remaining near 47%, and increased substantially thereafter—as evidenced by the jump to nearly 60% in the second quarter of 2021 and exceeding 70% by the third quarter of 2021.
From late 2021 through the first half of 2022, the ROE continued its upward trajectory, reaching peak levels of over 237% in the second quarter of 2022—a figure that suggests an exceptional return relative to equity at that time. However, this unusually high ratio was followed by a significant decline; the ROE decreased sharply to approximately 156% in the third quarter of 2022 and further to around 136% by the end of that year. Throughout 2023, it continued to decline gradually, reaching approximately 130% in the first quarter and approximately 117% in the second quarter, with a steady downward trend into the third quarter, where it was approximately 104%.
Moving into the subsequent years, the ROE demonstrated signs of stabilization but remained lower than the previous peaks. By December 2023, it stood at nearly 89%, edging slightly upward to over 92% by March 2025. The data indicates periods of extraordinary profitability as well as periods of normalization, with the earlier peaks likely driven by atypical factors such as non-recurring items, leverage effects, or exceptional operational performance. The subsequent decline suggests a correction or normalization process, aligning the ROE closer to more sustainable levels, yet still remaining relatively high compared to the initial levels observed in 2020.
Overall, the ROE trend reflects significant growth and high profitability peaks in mid-2022, followed by a regression toward more normalized figures. The variability underscores periods of extraordinary performance potentially driven by industry dynamics, market conditions, or company-specific factors, with recent figures indicating a return to higher but more stable profitability levels.
Peer comparison
Jun 30, 2025
See also:
KLA-Tencor Corporation Return on Equity (ROE) (Quarterly Data)