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Keysight Technologies, Inc.(KEYS)Earnings, Financials & Key Ratios
KEYS•NYSE
$366.68
$62.89B mkt cap·75.1× P/E·Price updated May 6, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-IndustryTest, Measurement and Inspection Equipment
AboutKeysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment. The company's Electronic Industrial Solutions Group segment offers design tools; design verification tools; and digital multimeters, function generators, frequency counters, data acquisition systems, audio analyzers, LCR meters, thermal imagers, source measure units, ultra-high precision device current analyzers, and test executive software platforms, as well as various power supplies comprising AC/DC modular supplies and electronically programmable loads. This segment also provides printed-circuit-board-assembly testers, integrated circuit parametric testers, and sub-nano-meter positioning sub-assemblies; and test and measurement products and software. The company offers product support, technical support, and training and consulting services. It sells its products through direct sales force, distributors, resellers, and manufacturer's representatives. Keysight Technologies, Inc. was founded in 1939 and is headquartered in Santa Rosa, California.Show more
- Revenue$5.38B+8.0%
- EBITDA$1.22B+10.9%
- Net Income$846M+37.8%
- EPS (Diluted)4.88+39.0%
- Gross Margin62.08%-1.3%
- EBITDA Margin22.75%+2.7%
- Operating Margin17.64%+5.4%
- Net Margin15.74%+27.6%
- ROE15.41%+22.4%
- ROIC11.55%-11.8%
- Debt/Equity0.51+27.1%
- Interest Coverage9.88-0.4%
KEYS Key Insights
Keysight Technologies, Inc. (KEYS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 23.8% free cash flow margin
- ✓Momentum leader: RS Rating 92 (top 8%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Good 3Y average ROE of 17.3%
- ✓Healthy 5Y average net margin of 17.2%
- ✓Trading near 52-week high
✗Weaknesses
- ✗Expensive at 10.8x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
KEYS Price & Volume
Keysight Technologies, Inc. (KEYS) stock price & volume — 10-year historical chart
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KEYS Growth Metrics
Keysight Technologies, Inc. (KEYS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.53%
5 Years4.95%
3 Years-0.28%
TTM13.13%
Profit CAGR
10 Years5.13%
5 Years6.17%
3 Years-9.04%
TTM56.79%
EPS CAGR
10 Years4.99%
5 Years8.01%
3 Years-7.57%
TTM58.74%
Return on Capital
10 Years11.64%
5 Years16.05%
3 Years14.29%
Last Year10.97%
KEYS Recent Earnings
Keysight Technologies, Inc. (KEYS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q1 2026Latest
Feb 23, 2026EPS
$2.17
Est $2.00
+8.5%
Revenue
$1.6B
Est $1.5B
+3.9%
Q4 2025
Nov 24, 2025EPS
$1.91
Est $1.83
+4.4%
Revenue
$1.4B
Est $1.4B
+2.5%
Q3 2025
Aug 19, 2025EPS
$1.72
Est $1.67
+3.0%
Revenue
$1.4B
Est $1.3B
+2.6%
Q2 2025
May 20, 2025EPS
$1.70
Est $1.65
+3.0%
Revenue
$1.3B
Est $1.3B
+1.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 23, 2026 | $2.17vs $2.00+8.5% | $1.6Bvs $1.5B+3.9% |
| Q4 2025 | Nov 24, 2025 | $1.91vs $1.83+4.4% | $1.4Bvs $1.4B+2.5% |
| Q3 2025 | Aug 19, 2025 | $1.72vs $1.67+3.0% | $1.4Bvs $1.3B+2.6% |
| Q2 2025 | May 20, 2025 | $1.70vs $1.65+3.0% | $1.3Bvs $1.3B+1.9% |
Based on last 12 quarters of dataView full earnings history →
KEYS Peer Comparison
Keysight Technologies, Inc. (KEYS) competitors in Test, Measurement and Inspection Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TRMB | 15.02B | 63.42 | 36.24 | -2.61% | 12.37% | 7.95% | 0.24 | |
 ITRI | 3.68B | 82.97 | 12.75 | -3.02% | 12.32% | 17.22% | 0.74 | |
 MKSI | 19.78B | 293.77 | 67.22 | 9.62% | 7.51% | 11.54% | 1.73 | |
 COHR | 54.66B | 344.67 | -662.83 | 23.42% | 10.59% | 6.94% | 0.46 | |
 NOVT | 4.95B | 138.90 | 94.49 | 3.3% | 5.49% | 4.1% | 0.26 | |
 A | 33.31B | 117.69 | 25.75 | 6.73% | 18.26% | 18.67% | 0.50 | |
 DHR | 123.8B | 174.92 | 34.71 | 2.9% | 14.89% | 7.06% | 0.35 | |
 TMO | 175.76B | 472.95 | 26.66 | 3.91% | 15.18% | 13.23% | 0.76 |
Compare KEYS vs Peers
Keysight Technologies, Inc. (KEYS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KEYS Income Statement
Keysight Technologies, Inc. (KEYS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 3.19B | 3.88B | 4.3B | 4.22B | 4.94B | 5.42B | 5.46B | 4.98B | 5.38B | 5.68B |
| Revenue Growth % | 9.29% | 21.61% | 10.96% | -1.91% | 17.06% | 9.69% | 0.81% | -8.88% | 7.95% | 13.13% |
| Cost of Goods Sold | 1.49B | 1.77B | 1.77B | 1.69B | 1.87B | 1.97B | 1.93B | 1.85B | 2.04B | 2.17B |
| COGS % of Revenue | 46.79% | 45.56% | 41.11% | 39.99% | 37.89% | 36.35% | 35.36% | 37.08% | 37.92% | - |
| Gross Profit | 1.7B▲ 0% | 2.11B▲ 24.4% | 2.53B▲ 20.0% | 2.53B▼ 0.0% | 3.07B▲ 21.2% | 3.45B▲ 12.4% | 3.53B▲ 2.4% | 3.13B▼ 11.3% | 3.34B▲ 6.5% | 3.51B▲ 0% |
| Gross Margin % | 53.21% | 54.44% | 58.89% | 60.01% | 62.11% | 63.65% | 64.64% | 62.92% | 62.08% | 61.86% |
| Gross Profit Growth % | 4.5% | 24.4% | 20.04% | -0.04% | 21.16% | 12.41% | 2.38% | -11.3% | 6.51% | - |
| Operating Expenses | 1.55B | 2.5B | 1.82B | 1.77B | 1.99B | 2.12B | 2.17B | 2.3B | 2.39B | 2.61B |
| OpEx % of Revenue | 48.57% | 64.6% | 42.37% | 41.89% | 40.26% | 39.04% | 39.79% | 46.19% | 44.48% | - |
| Selling, General & Admin | 1.05B | 1.21B | 1.16B | 1.1B | 1.2B | 1.28B | 1.31B | 1.4B | 1.4B | 1.56B |
| SG&A % of Revenue | 32.89% | 31.07% | 26.84% | 25.99% | 24.19% | 23.67% | 23.92% | 28.02% | 26.05% | - |
| Research & Development | 507M | 624M | 688M | 715M | 811M | 841M | 882M | 919M | 1.01B | 1.06B |
| R&D % of Revenue | 15.9% | 16.09% | 15.99% | 16.94% | 16.41% | 15.52% | 16.14% | 18.46% | 18.73% | - |
| Other Operating Expenses | -7M | 676M | -20M | -44M | -17M | -8M | -15M | -14M | -16M | -4M |
| Operating Income | 148M▲ 0% | -394M▼ 366.2% | 711M▲ 280.5% | 765M▲ 7.6% | 1.08B▲ 41.2% | 1.33B▲ 23.5% | 1.36B▲ 1.8% | 833M▼ 38.7% | 948M▲ 13.8% | 906M▲ 0% |
| Operating Margin % | 4.64% | -10.16% | 16.52% | 18.12% | 21.86% | 24.61% | 24.85% | 16.73% | 17.64% | 15.96% |
| Operating Income Growth % | -63.55% | -366.22% | 280.46% | 7.59% | 41.18% | 23.52% | 1.8% | -38.66% | 13.81% | - |
| EBITDA | 373M | -84M | 1.02B | 1.09B | 1.37B | 1.56B | 1.57B | 1.1B | 1.22B | 1.15B |
| EBITDA Margin % | 11.7% | -2.17% | 23.68% | 25.85% | 27.79% | 28.73% | 28.73% | 22.15% | 22.75% | 20.31% |
| EBITDA Growth % | -30.93% | -122.52% | 1313.1% | 7.07% | 25.85% | 13.4% | 0.83% | -29.75% | 10.88% | 5.01% |
| D&A (Non-Cash Add-back) | 225M | 310M | 308M | 326M | 293M | 223M | 212M | 270M | 275M | 247M |
| EBIT | 259M | -328M | 795M | 839M | 1.09B | 1.36B | 1.44B | 949M | 1.15B | 1.16B |
| Net Interest Income | -73M | -71M | -57M | -67M | -76M | -63M | 24M | -3M | 6M | -6M |
| Interest Income | 7M | 12M | 23M | 11M | 3M | 16M | 102M | 81M | 102M | 99M |
| Interest Expense | 80M | 83M | 80M | 78M | 79M | 79M | 78M | 84M | 96M | 105M |
| Other Income/Expense | 31M | -17M | 4M | -4M | -70M | -49M | -1M | 32M | 134M | 175M |
| Pretax Income | 179M▲ 0% | -411M▼ 329.6% | 715M▲ 274.0% | 761M▲ 6.4% | 1.01B▲ 32.7% | 1.28B▲ 27.2% | 1.36B▲ 5.6% | 865M▼ 36.3% | 1.08B▲ 25.1% | 1.08B▲ 0% |
| Pretax Margin % | 5.61% | -10.6% | 16.62% | 18.03% | 20.44% | 23.71% | 24.84% | 17.37% | 20.13% | 19.04% |
| Income Tax | 77M | -576M | 94M | 134M | 116M | 161M | 300M | 251M | 213M | 100M |
| Effective Tax Rate % | 43.02% | 140.15% | 13.15% | 17.61% | 11.49% | 12.53% | 22.11% | 29.02% | 19.69% | 9.25% |
| Net Income | 102M▲ 0% | 165M▲ 61.8% | 621M▲ 276.4% | 627M▲ 1.0% | 894M▲ 42.6% | 1.12B▲ 25.7% | 1.06B▼ 6.0% | 614M▼ 41.9% | 846M▲ 37.8% | 958M▲ 0% |
| Net Margin % | 3.2% | 4.25% | 14.43% | 14.85% | 18.09% | 20.74% | 19.34% | 12.33% | 15.74% | 16.88% |
| Net Income Growth % | -69.55% | 61.76% | 276.36% | 0.97% | 42.58% | 25.73% | -5.96% | -41.91% | 37.79% | 56.79% |
| Net Income (Continuing) | 102M | 165M | 621M | 627M | 894M | 1.12B | 1.06B | 614M | 869M | 981M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23M | -1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.56▲ 0% | 0.86▲ 53.6% | 3.25▲ 277.9% | 3.32▲ 2.2% | 4.78▲ 44.0% | 6.18▲ 29.3% | 5.91▼ 4.4% | 3.51▼ 40.6% | 4.88▲ 39.0% | 5.54▲ 0% |
| EPS Growth % | -71.28% | 53.57% | 277.91% | 2.15% | 43.98% | 29.29% | -4.37% | -40.61% | 39.03% | 58.74% |
| EPS (Basic) | 0.57 | 0.88 | 3.30 | 3.35 | 4.83 | 6.24 | 5.94 | 3.53 | 4.90 | - |
| Diluted Shares Outstanding | 182M | 191M | 191M | 189M | 187M | 182M | 179M | 175M | 173M | 173M |
| Basic Shares Outstanding | 180M | 187M | 188M | 187M | 185M | 180M | 178M | 174M | 173M | 172M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
KEYS Balance Sheet
Keysight Technologies, Inc. (KEYS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.18B | 2.38B | 3.21B | 3.37B | 3.83B | 4.23B | 4.81B | 4.26B | 4.35B | 4.7B |
| Cash & Short-Term Investments | 818M | 913M | 1.6B | 1.76B | 2.05B | 2.04B | 2.47B | 1.8B | 1.87B | 2.18B |
| Cash Only | 818M | 913M | 1.6B | 1.76B | 2.05B | 2.04B | 2.47B | 1.8B | 1.87B | 2.18B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 547M | 624M | 668M | 606M | 735M | 905M | 944M | 995M | 939M | 914M |
| Days Sales Outstanding | 62.61 | 58.73 | 56.66 | 52.4 | 54.3 | 60.95 | 63.06 | 72.94 | 63.76 | 54.67 |
| Inventory | 588M | 619M | 705M | 757M | 777M | 858M | 985M | 1.02B | 1.05B | 1.05B |
| Days Inventory Outstanding | 143.85 | 127.86 | 145.46 | 163.69 | 151.5 | 158.97 | 186.09 | 202.07 | 188.05 | 174.7 |
| Other Current Assets | 224M | 222M | 244M | 255M | 270M | 149M | 124M | 157M | 486M | 561M |
| Total Non-Current Assets | 3.76B | 3.45B | 3.41B | 3.84B | 3.95B | 3.86B | 3.87B | 5.01B | 6.95B | 6.78B |
| Property, Plant & Equipment | 530M | 555M | 576M | 777M | 877M | 910M | 987M | 1.01B | 1.03B | 986M |
| Fixed Asset Turnover | 6.02x | 6.99x | 7.47x | 5.43x | 5.63x | 5.96x | 5.54x | 4.94x | 5.21x | 5.67x |
| Goodwill | 1.88B | 1.17B | 1.21B | 1.54B | 1.63B | 1.58B | 1.64B | 2.39B | 3.44B | 3.47B |
| Intangible Assets | 855M | 645M | 490M | 361M | 272M | 189M | 155M | 607M | 1.28B | 1.25B |
| Long-Term Investments | 63M | 46M | 46M | 61M | 70M | 62M | 81M | 110M | 211M | 653M |
| Other Non-Current Assets | 240M | 279M | 332M | 368M | 389M | 454M | 340M | 521M | 610M | 2.33B |
| Total Assets | 5.93B▲ 0% | 5.82B▼ 1.8% | 6.62B▲ 13.7% | 7.22B▲ 9.0% | 7.78B▲ 7.8% | 8.1B▲ 4.1% | 8.68B▲ 7.2% | 9.27B▲ 6.7% | 11.29B▲ 21.8% | 11.48B▲ 0% |
| Asset Turnover | 0.54x | 0.67x | 0.65x | 0.58x | 0.64x | 0.67x | 0.63x | 0.54x | 0.48x | 0.52x |
| Asset Growth % | 56.13% | -1.84% | 13.72% | 8.98% | 7.8% | 4.07% | 7.22% | 6.75% | 21.84% | 75.6% |
| Total Current Liabilities | 819M | 1.46B | 1B | 1.08B | 1.31B | 1.41B | 2.05B | 1.43B | 1.85B | 1.8B |
| Accounts Payable | 211M | 242M | 253M | 224M | 287M | 348M | 286M | 313M | 355M | 334M |
| Days Payables Outstanding | 51.62 | 49.99 | 52.2 | 48.44 | 55.96 | 64.48 | 54.03 | 61.89 | 63.58 | 56.82 |
| Short-Term Debt | 10M | 499M | 0 | 0 | 0 | 0 | 599M | 0 | 0 | 52M |
| Deferred Revenue (Current) | 291M | 334M | 334M | 391M | 478M | 495M | 541M | 561M | 652M | 2.55B |
| Other Current Liabilities | 217M | 276M | 278M | 289M | 355M | 333M | 304M | 295M | 399M | 165M |
| Current Ratio | 2.66x | 1.63x | 3.21x | 3.12x | 2.93x | 3.01x | 2.35x | 2.98x | 2.35x | 2.35x |
| Quick Ratio | 1.94x | 1.20x | 2.50x | 2.42x | 2.34x | 2.40x | 1.87x | 2.27x | 1.78x | 1.78x |
| Cash Conversion Cycle | 154.84 | 136.61 | 149.92 | 167.65 | 149.84 | 155.44 | 195.12 | 213.13 | 188.24 | 172.55 |
| Total Non-Current Liabilities | 2.8B | 1.93B | 2.62B | 2.84B | 2.69B | 2.53B | 1.98B | 2.74B | 3.57B | 3.47B |
| Long-Term Debt | 2.04B | 1.29B | 1.79B | 1.79B | 1.79B | 1.79B | 1.2B | 1.79B | 2.73B | 2.72B |
| Capital Lease Obligations | 0 | 4M | 4M | 149M | 191M | 186M | 192M | 197M | 193M | 749M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 665M | 511M | 648M | 727M | 519M | 354M | 377M | 544M | 414M | 1.75B |
| Total Liabilities | 3.62B | 3.39B | 3.62B | 3.92B | 4B | 3.94B | 4.03B | 4.16B | 5.42B | 5.28B |
| Total Debt | 2.05B | 1.79B | 1.79B | 1.98B | 2.02B | 2.02B | 2.03B | 2.03B | 2.97B | 2.96B |
| Net Debt | 1.23B | 877M | 190M | 225M | -29M | -24M | -446M | 234M | 1.1B | 780M |
| Debt / Equity | 0.89x | 0.74x | 0.60x | 0.60x | 0.53x | 0.48x | 0.44x | 0.40x | 0.51x | 0.51x |
| Debt / EBITDA | 5.49x | - | 1.75x | 1.82x | 1.47x | 1.30x | 1.29x | 1.84x | 2.43x | 2.57x |
| Net Debt / EBITDA | 3.30x | - | 0.19x | 0.21x | -0.02x | -0.02x | -0.28x | 0.21x | 0.90x | 0.90x |
| Interest Coverage | 1.85x | -4.75x | 8.89x | 9.81x | 13.67x | 16.89x | 17.41x | 9.92x | 9.88x | 11.03x |
| Total Equity | 2.31B▲ 0% | 2.43B▲ 5.3% | 3B▲ 23.5% | 3.3B▲ 9.8% | 3.78B▲ 14.8% | 4.16B▲ 10.0% | 4.65B▲ 11.8% | 5.11B▲ 9.7% | 5.88B▲ 15.1% | 6.21B▲ 0% |
| Equity Growth % | 53.08% | 5.32% | 23.47% | 9.75% | 14.77% | 9.96% | 11.85% | 9.69% | 15.12% | 54.87% |
| Book Value per Share | 12.69 | 12.74 | 15.73 | 17.44 | 20.24 | 22.86 | 26.00 | 29.17 | 33.97 | 35.87 |
| Total Shareholders' Equity | 2.31B | 2.43B | 3B | 3.3B | 3.78B | 4.16B | 4.65B | 5.11B | 5.88B | 6.21B |
| Common Stock | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M |
| Retained Earnings | 1.04B | 1.21B | 1.91B | 2.54B | 3.43B | 4.55B | 5.61B | 6.22B | 7.07B | 7.36B |
| Treasury Stock | -62M | -182M | -342M | -752M | -1.43B | -2.27B | -2.98B | -3.42B | -3.8B | -3.89B |
| Accumulated OCI | -457M | -488M | -578M | -599M | -442M | -454M | -466M | -364M | -248M | -199M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
KEYS Cash Flow Statement
Keysight Technologies, Inc. (KEYS) cash flow — operating, investing & free cash flow history
| Line item | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 313M | 555M | 998M | 1.02B | 1.32B | 1.14B | 1.41B | 1.05B | 1.41B | 1.41B |
| Operating CF Margin % | 9.81% | 14.31% | 23.19% | 24.07% | 26.76% | 21.11% | 25.77% | 21.13% | 26.21% | - |
| Operating CF Growth % | -24.76% | 77.32% | 79.82% | 1.8% | 30.12% | -13.46% | 23.08% | -25.28% | 33.94% | 345.62% |
| Net Income | 102M | 165M | 621M | 627M | 894M | 1.12B | 1.06B | 614M | 846M | 958M |
| Depreciation & Amortization | 225M | 310M | 308M | 326M | 293M | 223M | 212M | 126M | 131M | 170M |
| Stock-Based Compensation | 56M | 59M | 82M | 92M | 103M | 125M | 135M | 137M | 162M | 100M |
| Deferred Taxes | -47M | -789M | -2M | 41M | -53M | 7M | -3M | 268M | -112M | -103M |
| Other Non-Cash Items | -38M | 730M | 24M | -13M | 49M | 69M | 133M | 178M | 305M | 471M |
| Working Capital Changes | 15M | 80M | -35M | -57M | 36M | -404M | -126M | -271M | 77M | -124M |
| Change in Receivables | -11M | -89M | -26M | 75M | -122M | -204M | 14M | 71M | 23M | -50M |
| Change in Inventory | -4M | -61M | -92M | -73M | -43M | -125M | -148M | 35M | 43M | 66M |
| Change in Payables | 15M | 22M | 13M | -33M | 53M | 56M | -62M | 26M | 26M | 29M |
| Cash from Investing | -1.72B | -116M | -196M | -442M | -353M | -251M | -288M | -819M | -1.73B | -1.74B |
| Capital Expenditures | -72M | -132M | -120M | -117M | -174M | -185M | -196M | -154M | -128M | -130M |
| CapEx % of Revenue | 2.26% | 3.4% | 2.79% | 2.77% | 3.52% | 3.41% | 3.59% | 3.09% | 2.38% | - |
| Acquisitions | -1.7B | -11M | -88M | -357M | -178M | -33M | -85M | -681M | -2.02B | -2.04B |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 8M | 27M | 5M | 32M | -1M | -216M | 0 | 27M | 507M | 507M |
| Cash from Financing | 1.44B | -335M | -122M | -413M | -671M | -861M | -687M | -913M | 385M | 360M |
| Debt Issued (Net) | 958M | -260M | -4M | -7M | 0 | 0 | 0 | -25M | 740M | 0 |
| Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -120M | -159M | -411M | -673M | -849M | -702M | -443M | -377M | -389M |
| Other Financing | 494M | -19M | -26M | -53M | -57M | -75M | -52M | -511M | -41M | 654M |
| Net Change in Cash | 35M▲ 0% | 95M▲ 171.4% | 683M▲ 618.9% | 167M▼ 75.5% | 301M▲ 80.2% | -11M▼ 103.7% | 431M▲ 4018.2% | -674M▼ 256.4% | 76M▲ 111.3% | -656M▲ 0% |
| Free Cash Flow | 241M▲ 0% | 423M▲ 75.5% | 878M▲ 107.6% | 899M▲ 2.4% | 1.15B▲ 27.7% | 959M▼ 16.5% | 1.21B▲ 26.4% | 898M▼ 25.9% | 1.28B▲ 42.7% | 1.47B▲ 0% |
| FCF Margin % | 7.56% | 10.91% | 20.4% | 21.3% | 23.23% | 17.69% | 22.18% | 18.04% | 23.83% | 25.82% |
| FCF Growth % | -25.85% | 75.52% | 107.56% | 2.39% | 27.7% | -16.46% | 26.38% | -25.91% | 42.65% | 52.23% |
| FCF per Share | 1.32 | 2.21 | 4.60 | 4.76 | 6.14 | 5.27 | 6.77 | 5.13 | 7.40 | 7.40 |
| FCF Conversion (FCF/Net Income) | 3.07x | 3.36x | 1.61x | 1.62x | 1.48x | 1.02x | 1.33x | 1.71x | 1.67x | 1.53x |
| Interest Paid | 0 | 0 | 76M | 75M | 75M | 75M | 75M | 75M | 0 | 0 |
| Taxes Paid | 0 | 0 | 103M | 84M | 130M | 191M | 343M | 146M | 0 | -9M |
KEYS Key Ratios
Keysight Technologies, Inc. (KEYS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 5.34% | 6.96% | 22.84% | 19.9% | 25.25% | 28.29% | 23.98% | 12.58% | 15.41% | 15.44% |
| Return on Invested Capital (ROIC) | 4.14% | -8.63% | 16.4% | 17.09% | 22.26% | 25.35% | 24.41% | 13.09% | 11.55% | 11.55% |
| Gross Margin | 53.21% | 54.44% | 58.89% | 60.01% | 62.11% | 63.65% | 64.64% | 62.92% | 62.08% | 61.86% |
| Net Margin | 3.2% | 4.25% | 14.43% | 14.85% | 18.09% | 20.74% | 19.34% | 12.33% | 15.74% | 16.88% |
| Debt / Equity | 0.89x | 0.74x | 0.60x | 0.60x | 0.53x | 0.48x | 0.44x | 0.40x | 0.51x | 0.51x |
| Interest Coverage | 1.85x | -4.75x | 8.89x | 9.81x | 13.67x | 16.89x | 17.41x | 9.92x | 9.88x | 11.03x |
| FCF Conversion | 3.07x | 3.36x | 1.61x | 1.62x | 1.48x | 1.02x | 1.33x | 1.71x | 1.67x | 1.53x |
| Revenue Growth | 9.29% | 21.61% | 10.96% | -1.91% | 17.06% | 9.69% | 0.81% | -8.88% | 7.95% | 13.13% |
KEYS SEC Filings & Documents
Keysight Technologies, Inc. (KEYS) SEC filings — annual & quarterly reports (10-K, 10-Q)
KEYS Frequently Asked Questions
Keysight Technologies, Inc. (KEYS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Keysight Technologies, Inc. (KEYS) reported $5.68B in revenue for fiscal year 2025. This represents a 71% increase from $3.31B in 2012.
Keysight Technologies, Inc. (KEYS) grew revenue by 8.0% over the past year. This is steady growth.
Yes, Keysight Technologies, Inc. (KEYS) is profitable, generating $958.0M in net income for fiscal year 2025 (15.7% net margin).
Dividend & Returns
Keysight Technologies, Inc. (KEYS) has a return on equity (ROE) of 15.4%. This is reasonable for most industries.
Keysight Technologies, Inc. (KEYS) generated $1.47B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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