CBRS vs. KLAC: Cerebras Systems vs. KLA Stock Comparison

Company Profile

Cerebras Systems (CBRS) and KLA (KLAC) both belong to the Semiconductors & Semiconductor Equipment industry, though CBRS is classified under Semiconductors while KLAC falls under Semiconductor Materials & Equipment.

KLA (KLAC) has been public since October 8, 1980, giving it decades of market history across multiple cycles, while Cerebras Systems (CBRS) listed only on May 14, 2026 and lacks comparable through-cycle data.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Both CBRS and KLAC need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: KLA (KLAC) earns 91.38% on shareholders’ equity, ranked against its industry; Cerebras Systems (CBRS) has no ROE this period.

Cerebras Systems (CBRS) reports a negative net margin of -75.27%, usually indicating a net loss over the period. Meanwhile KLA (KLAC) reports 36.25%, ranking against industry peers normally.

Cerebras Systems (CBRS) reports a negative operating margin of -264.97%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile KLA (KLAC) reports 45.01%, ranking against industry peers normally.

Profitability Metrics

Growth

Cerebras Systems (CBRS) at 75.71% clears its industry range for revenue growth, far stronger top-line momentum than KLA (KLAC) at 11.71%, which is closer to a typical peer reading.

Only one side can be read here: KLA (KLAC) reports EPS growth of 20.51%, ranked against its industry; Cerebras Systems (CBRS) has no EPS growth figure this period.

Growth Metrics

Financial Strength

KLA (KLAC) at 2.76 keeps current ratio within its industry’s typical mid-range, while Cerebras Systems (CBRS) at 5.83 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Cerebras Systems (CBRS) at 0.16 carries an industry-typical debt-to-equity mix, while KLA (KLAC) at 0.92 uses more debt funding than most peers.

Financial Strength Metrics

Dividends

Cerebras Systems (CBRS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile KLA (KLAC) reports a yield of 0.65%, ranking against industry peers normally.

Cerebras Systems (CBRS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile KLA (KLAC) reports a payout of 21.03%, ranking against industry peers normally.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: KLA (KLAC) trades at 34.71 times trailing earnings, ranked against its peers, while Cerebras Systems (CBRS) has no P/E ratio this period.

Both look expensive on sales: KLA (KLAC) at 12.44 sits in the upper P/S ratio quartile, and Cerebras Systems (CBRS) at 31.30 prices even higher, above its industry range.

Cerebras Systems (CBRS) at 2.23 sits in the lower P/B ratio quartile relative to book while KLA (KLAC) at 27.67 prices above its industry range — a wide valuation gap against assets.

Valuation Metrics