KEYS · Keysight Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | - | $1.35B | $1.31B | $1.30B | - | $1.22B | $1.22B | $1.26B | - |
| Cost of Revenue | $605.00M | - | $518.00M | $492.00M | $478.00M | - | $462.00M | $453.00M | $446.00M | - |
| Gross Profit | $995.00M | - | $834.00M | $814.00M | $820.00M | - | $755.00M | $763.00M | $813.00M | - |
| R&D | $303.00M | - | $250.00M | $250.00M | $249.00M | - | $226.00M | $228.00M | $232.00M | - |
| SG&A | $447.00M | - | $354.00M | $360.00M | $361.00M | - | $329.00M | $361.00M | $362.00M | - |
| Total Operating Expenses | $1.35B | - | $1.12B | $1.10B | $1.08B | - | $1.01B | $1.04B | $1.04B | - |
| D&A | $38.00M | - | - | - | $31.00M | - | - | - | $30.00M | - |
| Operating Income | $248.00M | - | $234.00M | $207.00M | $218.00M | - | $205.00M | $177.00M | $221.00M | - |
| Interest Expense | $29.00M | - | $28.00M | $20.00M | $20.00M | - | $21.00M | $20.00M | $20.00M | - |
| Income Tax | ($83.00M) | - | $50.00M | $63.00M | $30.00M | - | ($176.00M) | $49.00M | $57.00M | - |
| Net Income | $281.00M | - | $191.00M | $257.00M | $169.00M | - | $288.00M | $126.00M | $260.00M | - |
| EPS - Basic | $1.64 | - | $1.11 | $1.49 | $0.97 | - | $2.23 | $0.73 | $0.98 | - |
| EPS - Diluted | $1.63 | - | $1.10 | $1.49 | $0.97 | - | $2.22 | $0.72 | $0.98 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.18B | $1.87B | $2.64B | $3.12B | $2.06B | $1.80B | $1.63B | $1.66B | $1.75B | $2.47B |
| Accounts Receivable | $914.00M | $939.00M | $692.00M | $744.00M | $797.00M | $857.00M | $802.00M | $809.00M | $808.00M | $900.00M |
| Inventory | $1.05B | $1.05B | $1.02B | $1.03B | $1.04B | $1.02B | $1.03B | $1.02B | $1.02B | $985.00M |
| Accounts Payable | $334.00M | $355.00M | $342.00M | $317.00M | $289.00M | $313.00M | $280.00M | $268.00M | $281.00M | $286.00M |
| Current Assets | $4.70B | $4.35B | $5.60B | $5.47B | $4.46B | $4.26B | $4.00B | $3.97B | $4.08B | $4.81B |
| Total Assets | $11.48B | $11.30B | $10.65B | $10.54B | $9.39B | $9.27B | $9.32B | $8.99B | $9.06B | $8.68B |
| Current Liabilities | $1.80B | $1.85B | $1.56B | $1.61B | $1.51B | $1.43B | $1.95B | $1.99B | $2.12B | $2.05B |
| Long-term Debt | $2.53B | $2.53B | $2.53B | $2.53B | $1.79B | $1.79B | $1.20B | $1.20B | $1.21B | $1.20B |
| Total Liabilities | $5.28B | $5.42B | $4.98B | $5.06B | $4.20B | $4.16B | $4.09B | $4.08B | $4.24B | $4.03B |
| Stockholders' Equity | $6.21B | $5.88B | $5.67B | $5.48B | $5.19B | $5.11B | $5.23B | $4.90B | $4.82B | $4.65B |
| Retained Earnings | $7.36B | $7.08B | $6.84B | $6.65B | $6.39B | $6.22B | $6.30B | $5.91B | $5.78B | $5.61B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $441.00M | - | - | - | $378.00M | - | - | - | $328.00M | - |
| Investing Cash Flow | ($44.00M) | - | - | - | ($33.00M) | - | - | - | ($511.00M) | - |
| Financing Cash Flow | ($99.00M) | - | - | - | ($74.00M) | - | - | - | ($548.00M) | - |
| CapEx | $34.00M | - | - | - | $32.00M | - | - | - | $47.00M | - |
| Free Cash Flow | $407.00M | - | - | - | $346.00M | - | - | - | $281.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 62.2% | - | 61.7% | 62.3% | 63.2% | - | 62.0% | 62.7% | 64.6% | - |
| Operating margin | 15.5% | - | 17.3% | 15.8% | 16.8% | - | 16.8% | 14.6% | 17.6% | - |
| EBITDA margin | 17.9% | - | - | - | 19.2% | - | - | - | 19.9% | - |
| Net margin | 17.6% | - | 14.1% | 19.7% | 13.0% | - | 23.7% | 10.4% | 20.7% | - |
| Free cash flow margin | 25.4% | - | - | - | 26.7% | - | - | - | 22.3% | - |
| FCF / Net income | 1.45 | - | - | - | 2.05 | - | - | - | 1.08 | - |
| R&D / Revenue | 18.9% | - | 18.5% | 19.1% | 19.2% | - | 18.6% | 18.8% | 18.4% | - |
| SG&A / Revenue | 27.9% | - | 26.2% | 27.6% | 27.8% | - | 27.0% | 29.7% | 28.8% | - |
| Effective tax rate | -41.9% | - | 20.7% | 19.7% | 15.1% | - | -157.1% | 28.0% | 18.0% | - |
| Return on assets | 2.4% | - | 1.8% | 2.4% | 1.8% | - | 3.1% | 1.4% | 2.9% | - |
| Return on equity | 4.5% | - | 3.4% | 4.7% | 3.3% | - | 5.5% | 2.6% | 5.4% | - |
| Return on invested capital | 2.8% | - | 2.3% | 2.1% | 2.7% | - | 3.2% | 2.1% | 3.0% | - |
| Liquidity | ||||||||||
| Current ratio | 2.60 | 2.35 | 3.59 | 3.39 | 2.95 | 2.98 | 2.05 | 1.99 | 1.93 | 2.35 |
| Quick ratio | 2.02 | 1.78 | 2.94 | 2.75 | 2.26 | 2.27 | 1.52 | 1.48 | 1.44 | 1.87 |
| Cash ratio | 1.21 | 1.01 | 1.69 | 1.93 | 1.37 | 1.26 | 0.84 | 0.83 | 0.82 | 1.21 |
| Leverage | ||||||||||
| Debt / Equity | 0.41 | 0.43 | 0.45 | 0.46 | 0.35 | 0.35 | 0.23 | 0.24 | 0.25 | 0.26 |
| Debt / Assets | 0.22 | 0.22 | 0.24 | 0.24 | 0.19 | 0.19 | 0.13 | 0.13 | 0.13 | 0.14 |
| Debt / EBITDA | 8.86 | - | - | - | 7.19 | - | - | - | 4.81 | - |
| Interest coverage | 8.6x | - | 8.4x | 10.3x | 10.9x | - | 9.8x | 8.8x | 11.1x | - |
| Equity multiplier | 1.85 | 1.92 | 1.88 | 1.92 | 1.81 | 1.82 | 1.78 | 1.83 | 1.88 | 1.87 |
| Liabilities / Assets | 0.46 | 0.48 | 0.47 | 0.48 | 0.45 | 0.45 | 0.44 | 0.45 | 0.47 | 0.46 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.13 | 0.12 | 0.14 | - | 0.13 | 0.14 | 0.14 | - |
| Inventory turnover | 0.58 | - | 0.51 | 0.48 | 0.46 | - | 0.45 | 0.44 | 0.44 | - |
| Days sales outstanding | 209d | - | 187d | 208d | 224d | - | 241d | 243d | 234d | - |
| Days inventory outstanding | 632d | - | 719d | 761d | 793d | - | 811d | 822d | 838d | - |
| Days payable outstanding | 202d | - | 241d | 235d | 221d | - | 221d | 216d | 230d | - |
| Cash conversion cycle | 639d | - | 665d | 734d | 797d | - | 830d | 849d | 842d | - |
| Valuation | ||||||||||
| P / E | 132.7x | - | 149.0x | 97.6x | 183.9x | - | 62.9x | 205.5x | 156.4x | - |
| P / B | 6.0x | - | 5.0x | 4.6x | 6.0x | - | 4.7x | 5.3x | 5.6x | - |
| P / S | 23.4x | - | 21.0x | 19.3x | 23.9x | - | 20.1x | 21.3x | 21.4x | - |
| EV / EBITDA | 132.1x | - | - | - | 123.5x | - | - | - | 105.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 23.3% | - | 11.1% | 7.4% | 3.1% | - | -11.9% | -12.5% | -8.8% | - |
| Revenue CAGR (3y) | 5.0% | - | -0.6% | -1.1% | 1.3% | - | -0.8% | -0.1% | 2.2% | - |
| Revenue CAGR (5y) | 6.3% | - | 6.0% | 7.9% | 3.5% | - | 2.3% | 2.2% | 4.6% | - |
| Gross profit growth (YoY) | 21.3% | - | 10.5% | 6.7% | 0.9% | - | -15.7% | -16.1% | -7.9% | - |
| Operating income growth (YoY) | 13.8% | - | 14.1% | 16.9% | -1.4% | - | -43.8% | -50.0% | -31.4% | - |
| Net income growth (YoY) | 66.3% | - | -33.7% | 104.0% | -35.0% | - | 0.0% | -55.5% | 0.0% | - |
| EPS growth (YoY) | 68.0% | - | -50.5% | 106.9% | -1.0% | - | 37.9% | -54.4% | -32.4% | - |
| EPS CAGR (3y) | 4.0% | - | -16.2% | 1.9% | -7.9% | - | 17.7% | -10.1% | 2.1% | - |
| EPS CAGR (5y) | 12.1% | - | 3.4% | 32.1% | 2.4% | - | 21.7% | -2.1% | 10.3% | - |
| FCF growth (YoY) | 17.6% | - | - | - | 23.1% | - | - | - | -8.2% | - |
| FCF CAGR (5y) | 8.8% | - | - | - | 16.0% | - | - | - | 6.1% | - |
| Book value growth (YoY) | 19.6% | 15.2% | 8.4% | 11.7% | 7.7% | 9.7% | 6.8% | 4.2% | 9.4% | 11.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-10-31.
Business segments
$5.38B totalCommunications Solutions Group$3.73B · 69.3%
Electronic Industrial Solutions Group$1.65B · 30.7%
Product / service
$5.38B totalProduct$4.06B · 75.6%
Service Other$1.31B · 24.4%
Geographic
$3.73B totalAmericas$1.80B · 48.3%
Asia Pacific$1.39B · 37.3%
Europe$537.00M · 14.4%
Peer comparison
Same SIC group: Industrial Instruments For Measurement, Display, and Control
Comparing Keysight Technologies against the 5 most active filers in the same SIC group.