Keysight Technologies

Information Technology Electronic Equipment & Instruments Santa Rosa, California Last filing Dec 17, 2025 · FY2025

                    Revenue
                    FY2025
                
$5.4B
                    3y CAGR -0.3%
                    
                    P23
                    
                    +8.0%
                    
                    Net income
                    FY2025
                
$850.0M
                    Net margin +15.8%
                    
                    P45
                    
                    +38.4%
                    
                    Total assets
                    FY2025
                
$11.3B
                    ROA +7.5%
                    
                    P46
                    
                    +21.9%
                    
                    Operating cash flow
                    FY2025
                
$1.4B
                    FCF margin +23.8%
                    
                    P56
                    
                    +33.9%

13 yrs · FY2013–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 3 years

Total assets $11.3B

Total liabilities $5.4B

Shareholders equity $5.9B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	34.8%	36.1%	45.2%
Accounts Receivable	17.5%	17.2%	16.5%
Inventory	19.5%	20.5%	18.0%
Prepaid Expenses	9.0%	11.7%	8.3%
Total Current Assets	80.9%	85.5%	88.0%
Property,Plant and Equipment	14.8%	15.5%	13.9%
Operating Lease Assets	4.4%	4.7%	4.1%
Goodwill	63.7%	48.0%	30.0%
Intangible Assets	24.3%	12.2%	2.8%
Long Term Investments	3.9%	2.2%	1.5%
Deferred Tax Assets	6.9%	7.6%	12.3%
Other Noncurrent Assets	11.3%	10.5%	6.2%
Total Assets	210.3%	186.2%	158.9%
Liabilities
Accounts Payable	6.6%	6.3%	5.2%
Accrued Liabilities	14.7%	10.2%	10.7%
Deferred Revenue	12.1%	11.3%	9.9%
Operating Lease Liabilities	0.9%	0.9%	0.7%
Total Current Liabilities	34.4%	28.7%	37.5%
Long Term Debt	47.1%	36.0%	21.9%
Deferred Revenue Noncurrent	4.3%	4.1%	4.0%
Operating Lease Liabilities Noncurrent	3.6%	4.0%	3.5%
Other Noncurrent Liabilities	11.4%	10.9%	6.9%
Total Liabilities	100.8%	83.6%	73.7%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	53.0%	53.5%	45.5%
Retained Earnings	131.6%	125.0%	102.7%
Treasury Stock	70.7%	68.7%	54.5%
Accumulated Other Comprehensive Income	-4.6%	-7.3%	-8.5%
Total Stockholders Equity	109.4%	102.5%	85.2%
Total Liabilitiesand Equity	210.3%	186.2%	158.9%

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $5.4B

Operating income $876.0M

Net income $850.0M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	37.9%	37.1%	35.4%
Expenses Research and Development	18.7%	18.5%	16.1%
Expenses Selling,General and Administrative	27.4%	28.0%	23.9%
Expenses Other Operating Expenses	-0.4%	-0.3%	-0.3%
Other Income Expense Operating Income	16.3%	16.7%	24.9%
Other Income Expense Interest Income	1.9%	1.6%	1.9%
Other Income Expense Interest Expense	1.8%	1.7%	1.4%
Other Income Expense Other Income/expense	3.7%	0.7%	-0.5%
Other Income Expense Income Before Tax	20.1%	17.4%	24.8%
Income Tax Income Tax Expense	4.0%	5.0%	5.5%
net Income Other Items Below Tax	-0.4%	0.0%	0.0%
net Income net Income	15.8%	12.3%	19.3%
net Income Comprehensive Income	18.0%	14.4%	19.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	3.2%	3.5%	3.3%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $1.4B

Investing cash flow $-1.7B

Financing cash flow $385.0M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	15.8%	12.3%	19.3%
Operating Activities Depreciation and Amortization	5.1%	5.4%	3.9%
Operating Activities Stock Based Compensation	3.0%	2.8%	2.5%
Operating Activities Deferred Income Taxes	-2.2%	5.4%	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	5.6%	-5.4%	-2.3%
Operating Activities Other Non Cash Items	-1.2%	0.7%	2.4%
Operating Activities net Cash From Operating Activities	26.2%	21.1%	25.8%
Investing Activities Capital Expenditures	-2.4%	-3.1%	-3.6%
Investing Activities Business Acquisitions	-37.6%	-13.7%	-1.6%
Investing Activities Other Investing Activities	7.9%	0.3%	-0.1%
Investing Activities net Cash From Investing Activities	-32.1%	-16.4%	-5.3%
Financing Activities Proceeds From Debt	13.9%	12.0%	0.0%
Financing Activities Repayment of Debt	0.0%	-12.5%	0.0%
Financing Activities Repurchase of Common Stock	-7.0%	-8.9%	-12.8%
Financing Activities Proceeds From Stock Issuance	1.2%	1.3%	1.2%
Financing Activities Tax Withholding On Stock Based Compensation	-0.7%	-0.6%	-0.9%
Financing Activities Other Financing Activities	-0.2%	-9.6%	-0.1%
Financing Activities net Cash From Financing Activities	7.2%	-18.3%	-12.6%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	0.1%	-0.0%
Cash Reconciliation net Change In Cash	1.4%	-13.5%	7.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+62.1%	+62.9%	+64.6%
Operating margin	+16.3%	+16.7%	+24.9%
Net margin	+15.8%	+12.3%	+19.3%
FCF margin	+23.8%	+18.0%	+22.2%
Growth
Revenue CAGR (3y)	-0.3%	+0.3%	+9.0%
Returns
ROE	+14.5%	+12.0%	+22.7%
ROA	+7.5%	+6.6%	+12.2%
ROIC	+10.8%	+11.6%	+26.6%
Liquidity
Current ratio	2.35x	2.98x	2.35x
Quick ratio	1.52x	1.86x	1.65x
Leverage
D/E	0.92x	0.82x	0.87x
Interest coverage	9.12x	9.92x	17.41x
Efficiency
Asset turnover	0.48x	0.54x	0.63x
Cash conversion cycle	+188d	+203d	+192d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Keysight Technologies

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history