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KEYS vs ITRI
Revenue, margins, valuation, and 5-year total return — side by side.
Hardware, Equipment & Parts
KEYS vs ITRI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Hardware, Equipment & Parts | Hardware, Equipment & Parts |
| Market Cap | $62.89B | $3.68B |
| Revenue (TTM) | $5.68B | $2.35B |
| Net Income (TTM) | $958M | $289M |
| Gross Margin | 61.9% | 38.6% |
| Operating Margin | 16.0% | 13.2% |
| Forward P/E | 41.2x | 13.8x |
| Total Debt | $2.97B | $1.29B |
| Cash & Equiv. | $1.87B | $1.02B |
KEYS vs ITRI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Keysight Technologi… (KEYS) | 100 | 339.1 | +239.1% |
| Itron, Inc. (ITRI) | 100 | 128.8 | +28.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KEYS vs ITRI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
KEYS carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 8.0%, EPS growth 39.0%, 3Y rev CAGR -0.3%
- 13.1% 10Y total return vs ITRI's 97.1%
- Lower volatility, beta 1.71, Low D/E 50.6%, current ratio 2.35x
ITRI is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 1 yrs, beta 1.53
- Beta 1.53, current ratio 1.80x
- Lower P/E (13.8x vs 41.2x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.0% revenue growth vs ITRI's -3.0% | |
| Value | Lower P/E (13.8x vs 41.2x) | |
| Quality / Margins | 16.9% margin vs ITRI's 12.3% | |
| Stability / Safety | Beta 1.53 vs KEYS's 1.71 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +150.2% vs ITRI's -22.2% | |
| Efficiency (ROA) | 8.3% ROA vs ITRI's 7.7%, ROIC 11.5% vs 13.1% |
KEYS vs ITRI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
KEYS vs ITRI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
KEYS leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KEYS is the larger business by revenue, generating $5.7B annually — 2.4x ITRI's $2.3B. Profitability is closely matched — net margins range from 16.9% (KEYS) to 12.3% (ITRI). On growth, KEYS holds the edge at +23.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $5.7B | $2.3B |
| EBITDAEarnings before interest/tax | $1.2B | $367M |
| Net IncomeAfter-tax profit | $958M | $289M |
| Free Cash FlowCash after capex | $1.5B | $393M |
| Gross MarginGross profit ÷ Revenue | +61.9% | +38.6% |
| Operating MarginEBIT ÷ Revenue | +16.0% | +13.2% |
| Net MarginNet income ÷ Revenue | +16.9% | +12.3% |
| FCF MarginFCF ÷ Revenue | +25.8% | +16.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +23.3% | -3.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +68.0% | -16.9% |
Valuation Metrics
ITRI leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 12.7x trailing earnings, ITRI trades at a 83% valuation discount to KEYS's 75.1x P/E. On an enterprise value basis, ITRI's 10.7x EV/EBITDA is more attractive than KEYS's 52.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $62.9B | $3.7B |
| Enterprise ValueMkt cap + debt − cash | $64.0B | $3.9B |
| Trailing P/EPrice ÷ TTM EPS | 75.14x | 12.74x |
| Forward P/EPrice ÷ next-FY EPS est. | 41.17x | 13.77x |
| PEG RatioP/E ÷ EPS growth rate | 9.38x | — |
| EV / EBITDAEnterprise value multiple | 52.32x | 10.70x |
| Price / SalesMarket cap ÷ Revenue | 11.70x | 1.55x |
| Price / BookPrice ÷ Book value/share | 10.79x | 2.20x |
| Price / FCFMarket cap ÷ FCF | 49.10x | 9.66x |
Profitability & Efficiency
ITRI leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
ITRI delivers a 17.2% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $15 for KEYS. KEYS carries lower financial leverage with a 0.51x debt-to-equity ratio, signaling a more conservative balance sheet compared to ITRI's 0.74x. On the Piotroski fundamental quality scale (0–9), ITRI scores 7/9 vs KEYS's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +15.4% | +17.2% |
| ROA (TTM)Return on assets | +8.3% | +7.7% |
| ROICReturn on invested capital | +11.5% | +13.1% |
| ROCEReturn on capital employed | +11.0% | +11.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.51x | 0.74x |
| Net DebtTotal debt minus cash | $1.1B | $267M |
| Cash & Equiv.Liquid assets | $1.9B | $1.0B |
| Total DebtShort + long-term debt | $3.0B | $1.3B |
| Interest CoverageEBIT ÷ Interest expense | 11.03x | 14.38x |
Total Returns (Dividends Reinvested)
KEYS leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in KEYS five years ago would be worth $25,676 today (with dividends reinvested), compared to $9,805 for ITRI. Over the past 12 months, KEYS leads with a +150.2% total return vs ITRI's -22.2%. The 3-year compound annual growth rate (CAGR) favors KEYS at 36.8% vs ITRI's 7.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +77.5% | -12.2% |
| 1-Year ReturnPast 12 months | +150.2% | -22.2% |
| 3-Year ReturnCumulative with dividends | +156.2% | +23.5% |
| 5-Year ReturnCumulative with dividends | +156.8% | -2.0% |
| 10-Year ReturnCumulative with dividends | +1311.4% | +97.1% |
| CAGR (3Y)Annualised 3-year return | +36.8% | +7.3% |
Risk & Volatility
Evenly matched — KEYS and ITRI each lead in 1 of 2 comparable metrics.
Risk & Volatility
ITRI is the less volatile stock with a 1.53 beta — it tends to amplify market swings less than KEYS's 1.71 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KEYS currently trades 100.0% from its 52-week high vs ITRI's 58.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.71x | 1.53x |
| 52-Week HighHighest price in past year | $366.74 | $142.00 |
| 52-Week LowLowest price in past year | $145.51 | $78.53 |
| % of 52W HighCurrent price vs 52-week peak | +100.0% | +58.4% |
| RSI (14)Momentum oscillator 0–100 | 71.0 | 37.6 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 905K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates KEYS as "Buy" and ITRI as "Hold". Consensus price targets imply 65.1% upside for ITRI (target: $137) vs -21.1% for KEYS (target: $289).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $289.25 | $137.00 |
| # AnalystsCovering analysts | 15 | 37 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.6% | +2.7% |
KEYS leads in 2 of 6 categories (Income & Cash Flow, Total Returns). ITRI leads in 2 (Valuation Metrics, Profitability & Efficiency). 1 tied.
KEYS vs ITRI: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is KEYS or ITRI a better buy right now?
For growth investors, Keysight Technologies, Inc.
(KEYS) is the stronger pick with 8. 0% revenue growth year-over-year, versus -3. 0% for Itron, Inc. (ITRI). Itron, Inc. (ITRI) offers the better valuation at 12. 7x trailing P/E (13. 8x forward), making it the more compelling value choice. Analysts rate Keysight Technologies, Inc. (KEYS) a "Buy" — based on 15 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — KEYS or ITRI?
On trailing P/E, Itron, Inc.
(ITRI) is the cheapest at 12. 7x versus Keysight Technologies, Inc. at 75. 1x. On forward P/E, Itron, Inc. is actually cheaper at 13. 8x.
03Which is the better long-term investment — KEYS or ITRI?
Over the past 5 years, Keysight Technologies, Inc.
(KEYS) delivered a total return of +156. 8%, compared to -2. 0% for Itron, Inc. (ITRI). Over 10 years, the gap is even starker: KEYS returned +1311% versus ITRI's +97. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — KEYS or ITRI?
By beta (market sensitivity over 5 years), Itron, Inc.
(ITRI) is the lower-risk stock at 1. 53β versus Keysight Technologies, Inc. 's 1. 71β — meaning KEYS is approximately 12% more volatile than ITRI relative to the S&P 500. On balance sheet safety, Keysight Technologies, Inc. (KEYS) carries a lower debt/equity ratio of 51% versus 74% for Itron, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — KEYS or ITRI?
By revenue growth (latest reported year), Keysight Technologies, Inc.
(KEYS) is pulling ahead at 8. 0% versus -3. 0% for Itron, Inc. (ITRI). On earnings-per-share growth, the picture is similar: Keysight Technologies, Inc. grew EPS 39. 0% year-over-year, compared to 25. 7% for Itron, Inc.. Over a 3-year CAGR, ITRI leads at 9. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — KEYS or ITRI?
Keysight Technologies, Inc.
(KEYS) is the more profitable company, earning 15. 7% net margin versus 12. 7% for Itron, Inc. — meaning it keeps 15. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KEYS leads at 17. 6% versus 13. 5% for ITRI. At the gross margin level — before operating expenses — KEYS leads at 62. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is KEYS or ITRI more undervalued right now?
On forward earnings alone, Itron, Inc.
(ITRI) trades at 13. 8x forward P/E versus 41. 2x for Keysight Technologies, Inc. — 27. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ITRI: 65. 1% to $137. 00.
08Which pays a better dividend — KEYS or ITRI?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is KEYS or ITRI better for a retirement portfolio?
For long-horizon retirement investors, Keysight Technologies, Inc.
(KEYS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1311% 10Y return). Itron, Inc. (ITRI) carries a higher beta of 1. 53 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (KEYS: +1311%, ITRI: +97. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between KEYS and ITRI?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: KEYS is a mid-cap quality compounder stock; ITRI is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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