Keysight Technologies

US · KEYS #403 by market cap Listed 1970

381.42 -6.61 -1.70%

Live - 5344 symbols - heartbeat 180s ago · 2026-10-08 08:22

Pre-market 375.76 -1.48%

After-hours 381.42 0.00%

Overnight 379.00 -0.63%

Market cap: 64.93B
P/E (TTM): 52.39
P/B: 9.88
EPS: 4.91
Div yield: 0.00%
52W pos: 96%

Reader sentiment Are you bullish or bearish on KEYS?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 9.06, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +7.95% YoY

Margins

Gross margin: 62.08%
Operating margin: 16.30%
Net margin: 15.81%

Key ratios & quality

Enterprise value: 65.65B
Altman Z-Score: 9.06

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	3.88B	4.30B	4.22B	4.94B	5.42B	5.46B	4.98B	5.38B
Gross profit	2.11B	2.53B	2.53B	3.07B	3.45B	3.53B	3.13B	3.34B
Selling & admin expenses	1.21B	1.16B	1.10B	1.20B	1.28B	1.31B	1.40B	1.47B
Research & development	624.00M	688.00M	715.00M	811.00M	841.00M	882.00M	919.00M	1.01B
Operating profit	315.00M	711.00M	765.00M	1.08B	1.33B	1.36B	833.00M	876.00M
Pretax profit	-411.00M	715.00M	761.00M	1.01B	1.29B	1.36B	865.00M	1.08B
Tax	-576.00M	94.00M	134.00M	116.00M	161.00M	300.00M	251.00M	213.00M
Net profit	165.00M	621.00M	627.00M	894.00M	1.12B	1.06B	614.00M	850.00M
Basic EPS	1	3	3	5	6	6	4	5
Diluted EPS	0.86	3.25	3.31	4.78	6.18	5.91	3.51	4.91

Line item	2025-04	2025-07	2025-10	2026-01	2026-04	2026-07
Revenue	1.31B	1.35B	1.42B	1.60B	1.72B	1.85B
Gross profit	814.00M	834.00M	869.00M	995.00M	1.18B	1.22B
Selling & admin expenses	360.00M	354.00M	399.00M	447.00M	456.00M	446.00M
Research & development	250.00M	250.00M	258.00M	303.00M	320.00M	312.00M
Operating profit	207.00M	234.00M	217.00M	248.00M	407.00M	461.00M
Pretax profit	320.00M	241.00M	322.00M	198.00M	418.00M	477.00M
Tax	63.00M	50.00M	70.00M	-83.00M	69.00M	80.00M
Net profit	257.00M	191.00M	233.00M	281.00M	349.00M	397.00M
Basic EPS	1	1	1	2	2	2
Diluted EPS	1.49	1.10	1.33	1.63	2.02	2.30

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	2.38B	3.22B	3.37B	3.83B	4.23B	4.81B	4.26B	4.35B
Cash & ST investments	913.00M	1.60B	1.76B	2.05B	2.04B	2.47B	1.80B	1.87B
Inventory	619.00M	705.00M	757.00M	777.00M	858.00M	985.00M	1.02B	1.05B
Total assets	5.82B	6.62B	7.22B	7.78B	8.10B	8.68B	9.27B	11.30B
Total current liabilities	1.46B	1.00B	1.08B	1.31B	1.41B	2.05B	1.43B	1.85B
Short-term debt	499.00M	--	43.00M	41.00M	39.00M	639.00M	43.00M	51.00M
Long-term debt	1.29B	1.79B	1.79B	1.79B	1.79B	1.20B	1.79B	2.53B
Total liabilities	3,391,000,000.00	3,619,000,000.00	3,921,000,000.00	3,997,000,000.00	3,937,000,000.00	4,029,000,000.00	4,164,000,000.00	5,420,000,000.00
Total equity	2.43B	3.00B	3.30B	3.78B	4.16B	4.65B	5.11B	5.88B
Retained earnings	1.21B	1.91B	2.54B	3.43B	4.55B	5.61B	6.23B	7.08B

Line item	2025-04	2025-07	2025-10	2026-01	2026-04	2026-07
Total current assets	5.47B	5.60B	4.35B	4.70B	5.04B	5.29B
Cash & ST investments	3.12B	2.64B	1.87B	2.18B	2.41B	2.61B
Inventory	1.03B	1.02B	1.05B	1.05B	1.04B	1.05B
Total assets	10.54B	10.65B	11.30B	11.48B	11.74B	11.92B
Total current liabilities	1.61B	1.56B	1.85B	1.81B	2.65B	2.61B
Short-term debt	46.00M	48.00M	51.00M	52.00M	751.00M	753.00M
Long-term debt	2.53B	2.53B	2.53B	2.53B	1.83B	1.82B
Total liabilities	5,058,000,000.00	4,981,000,000.00	5,420,000,000.00	5,276,000,000.00	5,407,000,000.00	5,350,000,000.00
Total equity	5.48B	5.67B	5.88B	6.21B	6.33B	6.57B
Retained earnings	6.65B	6.84B	7.08B	7.36B	7.71B	8.10B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	555.00M	998.00M	1.02B	1.32B	1.14B	1.41B	1.05B	1.41B
Depreciation & amortization	310.00M	308.00M	326.00M	293.00M	223.00M	212.00M	270.00M	276.00M
Free cash flow	423.00M	878.00M	899.00M	1.15B	959.00M	1.21B	898.00M	1.28B
Dividends paid	--	--	--	--	--	--	--	--
Stock buybacks / issuance	-120.00M	-159.00M	-411.00M	-673.00M	-849.00M	-702.00M	-443.00M	-377.00M
Ending cash balance	917.00M	1.60B	1.77B	2.07B	2.06B	2.49B	1.81B	1.89B

Line item	2025-04	2025-07	2025-10	2026-01	2026-04	2026-07
Operating cash flow	484.00M	322.00M	225.00M	441.00M	501.00M	437.00M
Depreciation & amortization	68.00M	67.00M	75.00M	105.00M	107.00M	106.00M
Free cash flow	457.00M	291.00M	187.00M	407.00M	472.00M	403.00M
Dividends paid	--	--	--	--	--	--
Stock buybacks / issuance	-153.00M	-50.00M	-99.00M	-87.00M	-223.00M	-210.00M
Ending cash balance	3.14B	3.40B	1.89B	2.20B	2.43B	2.62B

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	6.96	22.84	19.90	25.25	28.29	23.98	12.58	15.47
ROA %	2.81	9.98	9.06	11.92	14.16	12.60	6.84	8.26
ROIC %	5.05	15.75	13.49	17.35	19.67	16.15	8.92	10.70
5-year avg ROE %	24.91	21.70	15.77	16.06	20.65	24.05	22.00	21.12
EBIT margin %	-8.46	18.48	19.88	22.04	25.17	26.26	19.06	21.92
FCF / sales %	10.91	20.40	21.30	23.23	17.69	22.18	18.04	23.83
Current ratio	1.63	3.21	3.12	2.93	3.01	2.35	2.98	2.35
Quick ratio	1.05	2.26	2.19	2.13	2.09	1.67	1.96	1.54
Debt / assets	30.73	27.00	27.45	26.00	24.92	23.33	21.90	24.58
LT debt / equity	53.06	59.52	58.78	52.38	47.56	29.80	38.92	46.37
Interest coverage	-3.95	9.94	10.76	13.78	17.27	18.40	11.30	12.27
Revenue CAGR (3Y) %	10.73	13.82	9.80	8.41	8.00	8.98	0.26	-0.28
Net income CAGR (3Y) %	-31.48	22.84	83.18	75.64	21.87	19.02	-11.77	-8.89
FCF CAGR (3Y) %	14.20	38.71	52.00	39.49	2.99	10.44	-7.86	10.13

Line item	2025-04	2025-07	2025-10	2026-01	2026-04	2026-07
ROE %	14.30	9.98	15.47	16.89	17.85	20.59
ROA %	7.60	5.45	8.26	9.22	9.46	11.16
ROIC %	9.81	6.92	10.70	11.96	12.31	14.43
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	20.83	20.96	21.92	20.89	21.17	23.14
FCF / sales %	26.35	26.99	23.83	23.64	22.29	22.32
Current ratio	3.39	3.59	2.35	2.60	1.90	2.02
Quick ratio	2.46	2.13	1.54	1.78	1.33	1.43
Debt / assets	26.25	25.95	24.58	24.14	23.50	23.04
LT debt / equity	49.64	47.90	46.37	43.84	31.72	30.33
Interest coverage	12.67	12.08	12.27	11.30	11.72	14.10
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Communications Solutions Group (CSG) is the largest reported line at 72.86% of revenue, across 2 reported segments.
The next-largest line, Electronic Industrial Solutions Group (EISG), is a distant second at 27.14% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Communications Solutions Group (CSG)72.86%

Electronic Industrial Solutions Group (EISG)27.14%

Quote time 2026-10-08 08:22:38 · For reference only, not investment advice and not tailored to your situation.