What is Keysight Technologies, Inc.'s earnings per share (EPS)?

Keysight Technologies, Inc. (KEYS) reported diluted earnings per share of $4.91 for fiscal year 2025. This represents a 39.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Keysight Technologies, Inc. (KEYS) Financials

KEYS

Trailing 12 months to July 31, 2026

Revenue $6.6B +25.5% YoY

Net Income $1.3B +131.6% YoY

EPS (Diluted) $7.30 +131.7% YoY

Free Cash Flow $1.5B +3.8% YoY

Market Cap $58.2B as of Oct 16, 2026

Price / Sales 8.8x on $6.6B revenue, trailing 12 months to July 31, 2026

Price / Earnings 46.2x on $1.3B net income, trailing 12 months to July 31, 2026

Price / Book 8.9x on $6.6B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 31, 2026 Reported Sep 2, 2026 Currency USD FYE October

Newest figures come from the 10-Q for Q3 FY2026, filed Sep 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KEYS SEC filings page.

Keysight Technologies, Inc. (KEYS) reported $6.6B in revenue over the twelve months to Jul 31, 2026, up 25.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI KEYS FY2025 2026-10-04

FY2025 restored cash generation, but operating profitability remains below FY2023 while leverage and goodwill have expanded.

The recovery is cash-richer than earnings-rich: operating cash flow reached $1.41B against net income of $850M, showing that reported profit understated cash produced. Free cash flow of $1.28B after just $128M of capital expenditures also indicates that reinvestment consumed relatively little of the operating cash stream.

The revenue recovery did not restore operating efficiency: operating margin was 16.3% in FY2025 versus 24.9% in FY2023. Higher operating spending alongside the rebound suggests the margin setback was not simply a temporary sales-volume issue.

The balance sheet has become larger and more acquisition-heavy in appearance: total assets reached $11.3B while goodwill rose to $3.42B, making asset growth less directly tied to current-year sales. Long-term debt reached $2.53B and the current ratio eased to 2.4x, leaving short-term coverage positive but financing less conservative than in FY2023.

Financial Health Signals

Financial Health Score 66/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Keysight Technologies, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Keysight Technologies, Inc. has an operating margin of 16.3%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 82/100, reflecting efficient cost management and pricing power. This is down from 16.7% the prior year.

Growth

Keysight Technologies, Inc.'s revenue grew 8.0% year-over-year to $5.4B, a solid pace of expansion. This earns a growth score of 28/100.

Leverage

Keysight Technologies, Inc. has a moderate D/E ratio of 0.43. This balance of debt and equity financing earns a leverage score of 57/100.

Liquidity

With a current ratio of 2.35, Keysight Technologies, Inc. holds $2.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.

Cash Flow

Keysight Technologies, Inc. converts 23.8% of revenue into free cash flow ($1.3B). This strong cash generation earns a score of 88/100.

Returns

Keysight Technologies, Inc. earns a strong 14.4% return on equity (ROE), meaning it generates $14 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is up from 12.0% the prior year.

Altman Z-Score Safe

8.32

Keysight Technologies, Inc. scores 8.32, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($58.2B) relative to total liabilities ($5.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

Keysight Technologies, Inc. passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.66x

For every $1 of reported earnings, Keysight Technologies, Inc. generates $1.66 in operating cash flow ($1.4B OCF vs $850.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

9.13x

Keysight Technologies, Inc. earns $9.13 in operating income for every $1 of interest expense ($876.0M vs $96.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.8B

YoY+36.5%

QoQ+7.5%

5Y CAGR+8.2%

10Y CAGR+9.9%

Keysight Technologies, Inc. generated $1.8B in revenue in Q3 2026. This represents an increase of 36.5% from the same quarter a year earlier. Against the prior quarter it is up 7.5%.

EBITDA

$565.0M

YoY+88.3%

QoQ+10.4%

5Y CAGR+10.2%

Keysight Technologies, Inc.'s EBITDA was $565.0M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 88.3% from the same quarter a year earlier. Against the prior quarter it is up 10.4%.

Net Income

$397.0M

YoY+107.9%

QoQ+13.8%

5Y CAGR+9.3%

10Y CAGR+15.9%

Keysight Technologies, Inc. reported $397.0M in net income in Q3 2026. This represents an increase of 107.9% from the same quarter a year earlier. Against the prior quarter it is up 13.8%.

EPS (Diluted)

$2.30

YoY+109.1%

QoQ+13.9%

5Y CAGR+11.1%

10Y CAGR+15.8%

Keysight Technologies, Inc. earned $2.30 per diluted share (EPS) in Q3 2026. This represents an increase of 109.1% from the same quarter a year earlier. Against the prior quarter it is up 13.9%.

Cash & Balance Sheet

Free Cash Flow

$403.0M

YoY+38.5%

QoQ-14.6%

5Y CAGR+13.2%

10Y CAGR+22.3%

Keysight Technologies, Inc. generated $403.0M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 38.5% from the same quarter a year earlier. Against the prior quarter it is down 14.6%.

Cash & Debt

$2.6B

YoY-1.2%

QoQ+8.0%

5Y CAGR+3.9%

10Y CAGR+14.6%

Keysight Technologies, Inc. held $2.6B in cash against $1.8B in long-term debt as of Q3 2026.

Shares Outstanding

170M

YoY-0.9%

QoQ-0.4%

5Y CAGR-1.6%

10Y CAGR0.0%

Keysight Technologies, Inc. had 170M shares outstanding in Q3 2026. This represents a decrease of 0.9% from the same quarter a year earlier. Against the prior quarter it is down 0.4%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

65.9%

YoY+4.2pp

QoQ-2.7pp

5Y change+2.6pp

10Y change+8.9pp

Keysight Technologies, Inc.'s gross margin was 65.9% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.7 percentage points.

Operating Margin

25.0%

YoY+7.7pp

QoQ+1.3pp

5Y change+2.2pp

10Y change+10.2pp

Keysight Technologies, Inc.'s operating margin was 25.0% in Q3 2026, reflecting core business profitability. This is up 7.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Net Margin

21.5%

YoY+7.4pp

QoQ+1.2pp

5Y change+1.1pp

10Y change+8.8pp

Keysight Technologies, Inc.'s net profit margin was 21.5% in Q3 2026, showing the share of revenue converted to profit. This is up 7.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Return on Equity

6.0%

YoY+2.7pp

QoQ+0.5pp

5Y change-0.7pp

10Y change+0.3pp

Keysight Technologies, Inc.'s ROE was 6.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Capital Allocation

R&D Spending

$312.0M

YoY+24.8%

QoQ-2.5%

5Y CAGR+8.6%

10Y CAGR+11.6%

Keysight Technologies, Inc. invested $312.0M in research and development in Q3 2026. This represents an increase of 24.8% from the same quarter a year earlier. Against the prior quarter it is down 2.5%.

Share Buybacks

$210.0M

YoY+320.0%

QoQ-4.5%

5Y CAGR+21.3%

Keysight Technologies, Inc. spent $210.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 320.0% from the same quarter a year earlier. Against the prior quarter it is down 4.5%.

Capital Expenditures

$34.0M

YoY+9.7%

QoQ+17.2%

5Y CAGR-3.2%

10Y CAGR+9.3%

Keysight Technologies, Inc. invested $34.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 9.7% from the same quarter a year earlier. Against the prior quarter it is up 17.2%.

KEYS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KEYS quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Revenue	$6.6B	$5.4B+8.0%	$5.0B-8.9%	$5.5B+0.8%	$5.4B+9.7%	$4.9B+17.1%	$4.2B-1.9%	$4.3B+11.0%	$3.9B+21.6%	$3.2B+9.3%	$2.9B+2.2%	$2.9B-2.6%	$2.9B+1.6%	$2.9B
Cost of Revenue	$2.3B	$2.0B+10.4%	$1.8B-4.5%	$1.9B-1.9%	$2.0B+5.2%	$1.9B+10.9%	$1.7B-4.6%	$1.8B+0.1%	$1.8B+18.4%	$1.5B+14.6%	$1.3B+2.6%	$1.3B-3.4%	$1.3B+3.8%	$1.3B
Gross Profit	$4.3B	$3.3B+6.5%	$3.1B-11.3%	$3.5B+2.4%	$3.5B+12.4%	$3.1B+21.2%	$2.5B0.0%	$2.5B+20.0%	$2.1B+24.4%	$1.7B+5.0%	$1.6B+1.8%	$1.6B-2.0%	$1.6B-0.2%	$1.6B
R&D Expenses	$1.2B	$1.0B+9.6%	$919.0M+4.2%	$882.0M+4.9%	$841.0M+3.7%	$811.0M+13.4%	$715.0M+3.9%	$688.0M+10.3%	$624.0M+23.1%	$507.0M+16.8%	$434.0M+12.1%	$387.0M+7.2%	$361.0M-3.7%	$375.0M
SG&A Expenses	$1.7B	$1.5B+5.7%	$1.4B+6.7%	$1.3B+1.9%	$1.3B+7.4%	$1.2B+8.9%	$1.1B-5.0%	$1.2B-4.1%	$1.2B+13.9%	$1.1B+27.2%	$832.0M+5.7%	$787.0M-0.4%	$790.0M+5.1%	$752.0M
Operating Income	$1.3B	$876.0M+5.2%	$833.0M-38.7%	$1.4B+1.8%	$1.3B+23.5%	$1.1B+41.2%	$765.0M+7.6%	$711.0M+280.5%	-$394.0M-366.2%	$148.0M-60.5%	$375.0M-13.0%	$431.0M-8.1%	$469.0M-5.4%	$496.0M
EBITDA	N/A	$1.1B+4.3%	$1.1B-30.0%	$1.6B+0.9%	$1.6B+13.3%	$1.4B+25.9%	$1.1B+7.1%	$1.0B+1269.0%	-$87.0M-123.3%	$373.0M-26.7%	$509.0M-4.0%	$530.0M-4.2%	$553.0M-3.5%	$573.0M
Interest Expense	$108.0M	$96.0M+14.3%	$84.0M+7.7%	$78.0M-1.3%	$79.0M0.0%	$79.0M+1.3%	$78.0M-2.5%	$80.0M-3.6%	$83.0M+3.8%	$80.0M+70.2%	$47.0M+2.2%	$46.0M+1433.3%	$3.0M	$0
Income Tax	$136.0M	$213.0M-15.1%	$251.0M-16.3%	$300.0M+86.3%	$161.0M+38.8%	$116.0M-13.4%	$134.0M+42.6%	$94.0M+116.3%	-$576.0M-848.1%	$77.0M+148.4%	$31.0M+124.8%	-$125.0M-250.6%	$83.0M+88.6%	$44.0M
Net Income	$1.3B	$850.0M+38.4%	$614.0M-41.9%	$1.1B-6.0%	$1.1B+25.7%	$894.0M+42.6%	$627.0M+1.0%	$621.0M+276.4%	$165.0M+61.8%	$102.0M-69.6%	$335.0M-34.7%	$513.0M+30.9%	$392.0M-14.2%	$457.0M
EPS (Basic)	N/A	$4.93+39.7%	$3.53-40.7%	$5.95-4.5%	$6.23+28.7%	$4.84+44.5%	$3.35+1.2%	$3.31+276.1%	$0.88+54.4%	$0.57-71.1%	$1.97-35.2%	$3.04+29.4%	$2.35-14.2%	$2.74
EPS (Diluted)	$7.30	$4.91+39.9%	$3.51-40.6%	$5.91-4.4%	$6.18+29.3%	$4.78+44.4%	$3.31+1.8%	$3.25+277.9%	$0.86+53.6%	$0.56-71.3%	$1.95-35.0%	$3.00+27.7%	$2.35-14.2%	$2.74
Diluted Shares (Avg)	N/A	173M-1.1%	175M-2.2%	179M-1.6%	182M-2.7%	187M-1.1%	189M-1.0%	191M0.0%	191M+4.9%	182M+5.8%	172M+0.6%	171M+2.4%	167M0.0%	167M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$1.8B+36.5%	$1.7B+31.5%	$1.6B+23.3%	$1.4B+10.3%	$1.4B+11.1%	$1.3B+7.4%	$1.3B+3.1%	$1.3B-1.8%
Cost of Revenue	$630.0M+21.6%	$539.0M+9.6%	$605.0M+26.6%	$550.0M+13.4%	$518.0M+12.1%	$492.0M+8.6%	$478.0M+7.2%	$485.0M+3.9%
Gross Profit	$1.2B+45.8%	$1.2B+44.7%	$995.0M+21.3%	$869.0M+8.4%	$834.0M+10.5%	$814.0M+6.7%	$820.0M+0.9%	$802.0M-5.0%
R&D Expenses	$312.0M+24.8%	$320.0M+28.0%	$303.0M+21.7%	$258.0M+10.7%	$250.0M+10.6%	$250.0M+9.6%	$249.0M+7.3%	$233.0M+6.9%
SG&A Expenses	$446.0M+26.0%	$456.0M+26.7%	$447.0M+23.8%	$399.0M+16.3%	$354.0M+7.6%	$360.0M-0.3%	$361.0M-0.3%	$343.0M+9.6%
Operating Income	$461.0M+97.0%	$407.0M+96.6%	$248.0M+13.8%	$217.0M-5.7%	$234.0M+14.1%	$207.0M+16.9%	$218.0M-1.4%	$230.0M-27.4%
EBITDA	$565.0M+88.3%	$512.0M+88.2%	$351.0M+24.9%	$291.0M-1.0%	$300.0M+11.9%	$272.0M+10.6%	$281.0M-2.8%	$294.0M-19.7%
Interest Expense	$26.0M-7.1%	$25.0M+25.0%	$29.0M+45.0%	$28.0M+21.7%	$28.0M+33.3%	$20.0M0.0%	$20.0M0.0%	$23.0M+15.0%
Income Tax	$80.0M+60.0%	$69.0M+9.5%	-$83.0M-376.7%	$70.0M-78.2%	$50.0M+128.4%	$63.0M+28.6%	$30.0M-47.4%	$321.0M+542.0%
Net Income	$397.0M+107.9%	$349.0M+35.8%	$281.0M+66.3%	$233.0M+419.2%	$191.0M-50.9%	$257.0M+104.0%	$169.0M-1.7%	-$73.0M-132.3%
EPS (Basic)	$2.33+109.9%	$2.04+36.9%	$1.64+69.1%	$1.35+429.3%	$1.11-50.2%	$1.49+104.1%	$0.97-1.0%	-$0.41-131.8%
EPS (Diluted)	$2.30+109.1%	$2.02+35.6%	$1.63+68.0%	$1.35+429.3%	$1.10-50.5%	$1.49+106.9%	$0.97-1.0%	-$0.41-132.0%
Diluted Shares (Avg)	173M0.0%	173M0.0%	173M-0.6%	N/A	173M-1.1%	173M-1.1%	174M-1.1%	N/A

KEYS Balance Sheet

KEYS quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Total Assets	$11.3B+21.9%	$9.3B+6.7%	$8.7B+7.2%	$8.1B+4.1%	$7.8B+7.8%	$7.2B+9.0%	$6.6B+13.7%	$5.8B-1.8%	$5.9B+56.3%	$3.8B+8.2%	$3.5B+15.0%	$3.0B	N/A
Current Assets	$4.3B+2.1%	$4.3B-11.5%	$4.8B+13.6%	$4.2B+10.4%	$3.8B+13.6%	$3.4B+4.9%	$3.2B+35.2%	$2.4B+9.2%	$2.2B+17.4%	$1.9B+17.4%	$1.6B-14.6%	$1.9B	N/A
Cash & Equivalents	$1.9B+4.3%	$1.8B-27.3%	$2.5B+21.1%	$2.0B-0.5%	$2.1B+16.9%	$1.8B+9.9%	$1.6B+75.0%	$913.0M+11.6%	$818.0M+4.5%	$783.0M+62.1%	$483.0M-40.4%	$810.0M	$0
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.1B+2.7%	$1.0B+3.8%	$985.0M+14.8%	$858.0M+10.4%	$777.0M+2.6%	$757.0M+7.4%	$705.0M+13.9%	$619.0M+5.3%	$588.0M+24.1%	$474.0M-2.7%	$487.0M-2.2%	$498.0M	N/A
Accounts Receivable	$939.0M+9.6%	$857.0M-4.8%	$900.0M-0.6%	$905.0M+23.1%	$735.0M+21.3%	$606.0M-9.3%	$668.0M+7.1%	$624.0M+14.1%	$547.0M+25.2%	$437.0M+9.8%	$398.0M+11.5%	$357.0M	N/A
Long-Term Investments	$211.0M+91.8%	$110.0M+35.8%	$81.0M+30.6%	$62.0M-11.4%	$70.0M+14.8%	$61.0M+32.6%	$46.0M+170.6%	$17.0M-50.0%	$34.0M+17.2%	$29.0M-29.3%	$41.0M+17.1%	$35.0M	$0
Goodwill	$3.4B+43.4%	$2.4B+45.6%	$1.6B+3.7%	$1.6B-2.8%	$1.6B+5.9%	$1.5B+27.1%	$1.2B+3.2%	$1.2B-37.8%	$1.9B+155.7%	$736.0M+5.1%	$700.0M+78.6%	$392.0M-6.4%	$419.0M
Total Liabilities	$5.4B+30.2%	$4.2B+3.4%	$4.0B+2.3%	$3.9B-1.5%	$4.0B+1.9%	$3.9B+8.3%	$3.6B+6.7%	$3.4B-6.4%	$3.6B+58.7%	$2.3B+3.5%	$2.2B-3.3%	$2.3B	N/A
Current Liabilities	$1.9B+29.6%	$1.4B-30.4%	$2.0B+45.6%	$1.4B+7.5%	$1.3B+21.1%	$1.1B+7.8%	$1.0B-31.4%	$1.5B+78.5%	$819.0M+27.2%	$644.0M-6.1%	$686.0M-10.8%	$769.0M	N/A
Non-Current Liabilities	$3.6B+30.4%	$2.7B+38.2%	$2.0B-21.7%	$2.5B-5.9%	$2.7B-5.4%	$2.8B+8.6%	$2.6B+35.6%	$1.9B-31.2%	$2.8B+71.1%	$1.6B+7.8%	$1.5B+0.5%	$1.5B	N/A
Long-Term Debt	$2.5B+41.6%	$1.8B+49.8%	$1.2B-33.4%	$1.8B+0.1%	$1.8B+0.1%	$1.8B+0.1%	$1.8B+38.5%	$1.3B-36.7%	$2.0B+86.5%	$1.1B-0.5%	$1.1B0.0%	$1.1B	N/A
Total Equity	$5.9B+15.2%	$5.1B+9.7%	$4.7B+11.8%	$4.2B+10.0%	$3.8B+14.8%	$3.3B+9.8%	$3.0B+23.5%	$2.4B+5.3%	$2.3B+52.7%	$1.5B+16.2%	$1.3B+69.3%	$769.0M-38.2%	$1.2B
Retained Earnings	$7.1B+13.7%	$6.2B+10.9%	$5.6B+23.2%	$4.6B+32.8%	$3.4B+35.3%	$2.5B+32.8%	$1.9B+57.5%	$1.2B+16.4%	$1.0B+9.7%	$949.0M+54.6%	$614.0M+507.9%	$101.0M	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$11.9B+11.9%	$11.7B+11.4%	$11.5B+22.3%	$11.3B+21.9%	$10.7B+14.2%	$10.5B+17.2%	$9.4B+3.6%	$9.3B+6.7%
Current Assets	$5.3B-5.7%	$5.0B-7.8%	$4.7B+5.5%	$4.3B+2.1%	$5.6B+40.2%	$5.5B+37.8%	$4.5B+9.3%	$4.3B-11.5%
Cash & Equivalents	$2.6B-1.2%	$2.4B-22.6%	$2.2B+5.7%	$1.9B+4.3%	$2.6B+61.5%	$3.1B+88.2%	$2.1B+18.1%	$1.8B-27.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.0B+2.5%	$1.0B+1.2%	$1.0B+0.9%	$1.1B+2.7%	$1.0B-0.5%	$1.0B+0.6%	$1.0B+1.5%	$1.0B+3.8%
Accounts Receivable	$1.1B+54.2%	$1.0B+37.4%	$914.0M+14.7%	$939.0M+9.6%	$692.0M-13.7%	$744.0M-8.0%	$797.0M-1.4%	$857.0M-4.8%
Long-Term Investments	$188.0M+19.7%	$169.0M+22.5%	$147.0M0.0%	$211.0M+91.8%	$157.0M+46.7%	$138.0M+35.3%	$147.0M+63.3%	$110.0M+35.8%
Goodwill	$3.5B+42.5%	$3.5B+42.4%	$3.5B+47.6%	$3.4B+43.4%	$2.4B+1.6%	$2.4B+6.6%	$2.4B+4.4%	$2.4B+45.6%
Total Liabilities	$5.3B+7.4%	$5.4B+6.9%	$5.3B+25.6%	$5.4B+30.2%	$5.0B+21.7%	$5.1B+23.8%	$4.2B-1.0%	$4.2B+3.4%
Current Liabilities	$2.6B+67.4%	$2.6B+64.1%	$1.8B+19.6%	$1.9B+29.6%	$1.6B-20.0%	$1.6B-19.1%	$1.5B-28.7%	$1.4B-30.4%
Non-Current Liabilities	$2.7B-20.0%	$2.8B-19.9%	$3.5B+29.0%	$3.6B+30.4%	$3.4B+59.6%	$3.4B+64.7%	$2.7B+26.5%	$2.7B+38.2%
Long-Term Debt	$1.8B-28.3%	$1.8B-27.6%	$2.5B+41.6%	$2.5B+41.6%	$2.5B+111.8%	$2.5B+111.9%	$1.8B+48.2%	$1.8B+49.8%
Total Equity	$6.6B+15.9%	$6.3B+15.6%	$6.2B+19.6%	$5.9B+15.2%	$5.7B+8.4%	$5.5B+11.7%	$5.2B+7.7%	$5.1B+9.7%
Retained Earnings	$8.1B+18.4%	$7.7B+15.8%	$7.4B+15.0%	$7.1B+13.7%	$6.8B+8.6%	$6.7B+12.6%	$6.4B+10.6%	$6.2B+10.9%

KEYS Cash Flow Statement

KEYS quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Operating Cash Flow	$1.6B	$1.4B+33.9%	$1.1B-25.3%	$1.4B+23.1%	$1.1B-13.5%	$1.3B+30.1%	$1.0B+1.8%	$998.0M+79.8%	$555.0M+69.2%	$328.0M-21.9%	$420.0M+11.7%	$376.0M-33.2%	$563.0M-0.5%	$566.0M
Depreciation & Amortization	N/A	$268.0M+1.5%	$264.0M+25.7%	$210.0M-4.5%	$220.0M-24.4%	$291.0M-10.2%	$324.0M+5.9%	$306.0M-0.3%	$307.0M+36.4%	$225.0M+67.9%	$134.0M+35.4%	$99.0M+17.9%	$84.0M+9.1%	$77.0M
Stock-Based Compensation	N/A	$162.0M+18.2%	$137.0M+1.5%	$135.0M+8.0%	$125.0M+21.4%	$103.0M+12.0%	$92.0M+12.2%	$82.0M+39.0%	$59.0M+5.4%	$56.0M+14.3%	$49.0M-10.9%	$55.0M+27.9%	$43.0M+4.9%	$41.0M
Capital Expenditures	$135.0M	$128.0M-16.9%	$154.0M-21.8%	$197.0M+6.5%	$185.0M+6.3%	$174.0M+48.7%	$117.0M-2.5%	$120.0M-9.1%	$132.0M+83.3%	$72.0M-20.9%	$91.0M-1.1%	$92.0M+31.4%	$70.0M+1.4%	$69.0M
Free Cash Flow	$1.5B	$1.3B+42.7%	$898.0M-25.8%	$1.2B+26.3%	$959.0M-16.5%	$1.1B+27.7%	$899.0M+2.4%	$878.0M+107.6%	$423.0M+65.2%	$256.0M-22.2%	$329.0M+15.8%	$284.0M-42.4%	$493.0M-0.8%	$497.0M
Investing Cash Flow	-$1.8B	-$1.7B-110.9%	-$819.0M-184.4%	-$288.0M-14.7%	-$251.0M+28.9%	-$353.0M+20.1%	-$442.0M-125.5%	-$196.0M-81.5%	-$108.0M+93.7%	-$1.7B-1813.3%	-$90.0M+86.6%	-$671.0M-718.3%	-$82.0M+3.5%	-$85.0M
Financing Cash Flow	-$617.0M	$385.0M+142.2%	-$913.0M-32.9%	-$687.0M+20.2%	-$861.0M-28.3%	-$671.0M-62.5%	-$413.0M-238.5%	-$122.0M+64.2%	-$341.0M-123.9%	$1.4B+5013.8%	-$29.0M-52.6%	-$19.0M-105.7%	$335.0M+169.6%	-$481.0M
Share Buybacks	$617.0M	$375.0M-14.6%	$439.0M-37.5%	$702.0M-17.3%	$849.0M+26.2%	$673.0M+63.7%	$411.0M+158.5%	$159.0M+32.5%	$120.0M	$0-100.0%	$62.0M	$0	$0	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$437.0M+35.7%	$501.0M+3.5%	$441.0M+16.7%	$225.0M-37.3%	$322.0M+26.3%	$484.0M+340.0%	$378.0M+15.2%	$359.0M-5.0%
Depreciation & Amortization	$104.0M+57.6%	$105.0M+61.5%	$103.0M+63.5%	$74.0M+15.6%	$66.0M+4.8%	$65.0M-5.8%	$63.0M-7.4%	$64.0M+30.6%
Stock-Based Compensation	$47.0M+46.9%	$58.0M+56.8%	$76.0M+22.6%	N/A	$32.0M0.0%	$37.0M+2.8%	$62.0M+29.2%	N/A
Capital Expenditures	$34.0M+9.7%	$29.0M+7.4%	$34.0M+6.3%	$38.0M0.0%	$31.0M-6.1%	$27.0M-25.0%	$32.0M-31.9%	$38.0M-2.6%
Free Cash Flow	$403.0M+38.5%	$472.0M+3.3%	$407.0M+17.6%	$187.0M-41.7%	$291.0M+31.1%	$457.0M+517.6%	$346.0M+23.1%	$321.0M-5.3%
Investing Cash Flow	-$55.0M-77.4%	-$36.0M-9.1%	-$44.0M-33.3%	-$1.6B-4189.5%	-$31.0M+79.3%	-$33.0M+72.5%	-$33.0M+93.5%	-$38.0M0.0%
Financing Cash Flow	-$187.0M-567.9%	-$229.0M-138.9%	-$99.0M-33.8%	-$102.0M+36.3%	-$28.0M+78.8%	$589.0M+906.8%	-$74.0M+86.5%	-$160.0M+62.6%
Share Buybacks	$210.0M+320.0%	$220.0M+46.7%	$87.0M+16.0%	$100.0M-33.3%	$50.0M-66.7%	$150.0M+226.1%	$75.0M-19.4%	$150.0M-64.8%

Not reported in any period shown, so not listed: Dividends Paid.

KEYS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KEYS quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Gross Margin	62.1%-0.8pp	62.9%-1.7pp	64.6%+1.0pp	63.6%+1.5pp	62.1%+2.1pp	60.0%+1.1pp	58.9%+4.4pp	54.4%+1.2pp	53.2%-2.2pp	55.4%-0.2pp	55.6%+0.3pp	55.2%-1.0pp	56.2%
Operating Margin	16.3%-0.4pp	16.7%-8.1pp	24.9%+0.2pp	24.6%+2.8pp	21.9%+3.7pp	18.1%+1.6pp	16.5%+26.7pp	-10.2%-14.8pp	4.6%-8.2pp	12.8%-2.2pp	15.1%-0.9pp	16.0%-1.2pp	17.2%
Net Margin	15.8%+3.5pp	12.3%-7.0pp	19.3%-1.4pp	20.7%+2.6pp	18.1%+3.2pp	14.8%+0.4pp	14.4%+10.2pp	4.3%+1.1pp	3.2%-8.3pp	11.5%-6.5pp	18.0%+4.6pp	13.4%-2.4pp	15.8%
Return on Equity	14.4%+2.4pp	12.0%-10.7pp	22.7%-4.3pp	27.0%+3.4pp	23.6%+4.6pp	19.0%-1.6pp	20.7%+13.9pp	6.8%+2.4pp	4.4%-17.7pp	22.1%-17.3pp	39.4%-11.6pp	51.0%+14.3pp	36.7%
Return on Assets	7.5%+0.9pp	6.6%-5.6pp	12.2%-1.7pp	13.9%+2.4pp	11.5%+2.8pp	8.7%-0.7pp	9.4%+6.6pp	2.8%+1.1pp	1.7%-7.1pp	8.8%-5.8pp	14.6%+1.8pp	12.8%	N/A
Current Ratio	2.35-0.6x	2.98+0.6x	2.35-0.7x	3.01+0.1x	2.93-0.2x	3.12-0.1x	3.21+1.6x	1.63-1.0x	2.66-0.2x	2.88+0.6x	2.30-0.1x	2.41	N/A
Debt-to-Equity	0.43+0.1x	0.35+0.1x	0.26-0.2x	0.430.0x	0.47-0.1x	0.54-0.1x	0.60+0.1x	0.53-0.4x	0.88+0.2x	0.72-0.1x	0.84-0.6x	1.43	N/A
Asset Turnover	0.48-0.1x	0.54-0.1x	0.630.0x	0.670.0x	0.64+0.1x	0.58-0.1x	0.650.0x	0.67+0.1x	0.54-0.2x	0.770.0x	0.81-0.1x	0.96	N/A
FCF Margin	23.8%+5.8pp	18.0%-4.1pp	22.2%+4.5pp	17.7%-5.5pp	23.2%+1.9pp	21.3%+0.9pp	20.4%+9.5pp	10.9%+2.9pp	8.0%-3.2pp	11.3%+1.3pp	9.9%-6.9pp	16.8%-0.4pp	17.2%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	65.9%+4.2pp	68.6%+6.3pp	62.2%-1.0pp	61.2%-1.1pp	61.7%-0.3pp	62.3%-0.4pp	63.2%-1.4pp	62.3%-2.1pp
Operating Margin	25.0%+7.7pp	23.7%+7.8pp	15.5%-1.3pp	15.3%-2.6pp	17.3%+0.5pp	15.8%+1.3pp	16.8%-0.7pp	17.9%-6.3pp
Net Margin	21.5%+7.4pp	20.3%+0.7pp	17.6%+4.5pp	16.4%+22.1pp	14.1%-17.8pp	19.7%+9.3pp	13.0%-0.6pp	-5.7%-22.9pp
Return on Equity	6.0%+2.7pp	5.5%+0.8pp	4.5%+1.3pp	4.0%+5.4pp	3.4%-4.1pp	4.7%+2.1pp	3.3%-0.3pp	-1.4%-6.3pp
Return on Assets	3.3%+1.5pp	3.0%+0.5pp	2.5%+0.7pp	2.1%+2.9pp	1.8%-2.4pp	2.4%+1.0pp	1.8%-0.1pp	-0.8%-3.4pp
Current Ratio	2.02-1.6x	1.90-1.5x	2.60-0.3x	2.35-0.6x	3.59+1.5x	3.39+1.4x	2.95+1.0x	2.98+0.6x
Debt-to-Equity	0.28-0.2x	0.29-0.2x	0.41+0.1x	0.43+0.1x	0.45+0.2x	0.46+0.2x	0.35+0.1x	0.35+0.1x
Asset Turnover	0.150.0x	0.150.0x	0.140.0x	0.130.0x	0.130.0x	0.120.0x	0.140.0x	0.140.0x
FCF Margin	21.8%+0.3pp	27.5%-7.5pp	25.4%-1.2pp	13.2%-11.8pp	21.5%+3.3pp	35.0%+28.9pp	26.7%+4.3pp	24.9%-0.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Keysight Technologies, Inc. KEYS	FY2025	$5.4B	$850.0M	15.8%	$58.2B	66/100
Teledyne Technologies Incorporated TDY	FY2025	$6.1B	$894.8M	14.6%	$28.2B	62/100
Garmin Ltd GRMN	FY2025	$7.2B	$1.7B	23.0%	$53.9B	84/100
Trimble Inc. TRMB	FY2025	$3.6B	$424.0M	11.8%	$13.8B	41/100
Fortive Corporation FTV	FY2025	$4.2B	$532.7M	12.8%	$17.3B	54/100
Coherent Corp. COHR	FY2026	$7.1B	$805.0M	11.3%	$51.9B	51/100

Where Keysight Technologies, Inc. Ranks

Frequently Asked Questions

What is Keysight Technologies, Inc.'s annual revenue?

Keysight Technologies, Inc. (KEYS) reported $5.4B in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Keysight Technologies, Inc.'s revenue growing?

Keysight Technologies, Inc. (KEYS) revenue grew by 8.0% year-over-year, from $5.0B to $5.4B in fiscal year 2025.

Is Keysight Technologies, Inc. profitable?

Yes, Keysight Technologies, Inc. (KEYS) reported a net income of $850.0M in fiscal year 2025, with a net profit margin of 15.8%.

What is Keysight Technologies, Inc.'s EBITDA?

Keysight Technologies, Inc. (KEYS) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Keysight Technologies, Inc. have?

As of fiscal year 2025, Keysight Technologies, Inc. (KEYS) had $1.9B in cash and equivalents against $2.5B in long-term debt.

What is Keysight Technologies, Inc.'s gross margin?

Keysight Technologies, Inc. (KEYS) had a gross margin of 62.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Keysight Technologies, Inc.'s operating margin?

Keysight Technologies, Inc. (KEYS) had an operating margin of 16.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Keysight Technologies, Inc.'s net profit margin?

Keysight Technologies, Inc. (KEYS) had a net profit margin of 15.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Keysight Technologies, Inc.'s return on equity (ROE)?

Keysight Technologies, Inc. (KEYS) has a return on equity of 14.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Keysight Technologies, Inc.'s free cash flow?

Keysight Technologies, Inc. (KEYS) generated $1.3B in free cash flow during fiscal year 2025. This represents a 42.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Keysight Technologies, Inc.'s operating cash flow?

Keysight Technologies, Inc. (KEYS) generated $1.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Keysight Technologies, Inc.'s total assets?

Keysight Technologies, Inc. (KEYS) had $11.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Keysight Technologies, Inc.'s capital expenditures?

Keysight Technologies, Inc. (KEYS) invested $128.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Keysight Technologies, Inc. spend on research and development?

Keysight Technologies, Inc. (KEYS) invested $1.0B in research and development during fiscal year 2025.

Does Keysight Technologies, Inc. buy back shares?

Yes, Keysight Technologies, Inc. (KEYS) spent $375.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Keysight Technologies, Inc. have outstanding?

Keysight Technologies, Inc. (KEYS) had 172M shares outstanding as of fiscal year 2025.

What is Keysight Technologies, Inc.'s current ratio?

Keysight Technologies, Inc. (KEYS) had a current ratio of 2.35 as of fiscal year 2025, which is generally considered healthy.

What is Keysight Technologies, Inc.'s debt-to-equity ratio?

Keysight Technologies, Inc. (KEYS) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Keysight Technologies, Inc.'s return on assets (ROA)?

Keysight Technologies, Inc. (KEYS) had a return on assets of 7.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Keysight Technologies, Inc.'s P/E ratio?

Keysight Technologies, Inc. (KEYS) trades at 46.2x earnings, its market capitalization divided by net income of $1.3B net income, trailing 12 months to July 31, 2026. The market capitalization is $58.2B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Keysight Technologies, Inc.'s price-to-sales ratio?

Keysight Technologies, Inc. (KEYS) trades at 8.8x sales, its market capitalization divided by revenue of $6.6B revenue, trailing 12 months to July 31, 2026. The market capitalization is $58.2B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Keysight Technologies, Inc.'s Altman Z-Score?

Keysight Technologies, Inc. (KEYS) has an Altman Z-Score of 8.32, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Keysight Technologies, Inc.'s Piotroski F-Score?

Keysight Technologies, Inc. (KEYS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Keysight Technologies, Inc.'s earnings high quality?

Keysight Technologies, Inc. (KEYS) has an earnings quality ratio of 1.66x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Keysight Technologies, Inc. cover its interest payments?

Keysight Technologies, Inc. (KEYS) has an interest coverage ratio of 9.13x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Keysight Technologies, Inc.?

Keysight Technologies, Inc. (KEYS) scores 66 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.