Keysight Technologies (KEYS) Financials

$148.32 -0.20 (-0.13%)

As of 11:25 AM Eastern

Annual Income Statements for Keysight Technologies

This table shows Keysight Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Net Income / (Loss) Attributable to Common Shareholders	513	335	102	165	621	627	894	1,124	1,057	614
Consolidated Net Income / (Loss)	513	335	102	165	621	627	894	1,124	1,057	614
Net Income / (Loss) Continuing Operations	513	335	102	165	621	627	894	1,124	1,057	614
Total Pre-Tax Income	388	366	179	-411	715	761	1,010	1,285	1,357	865
Total Operating Income	431	406	148	-394	711	765	1,080	1,334	1,358	833
Total Gross Profit	1,587	1,624	1,697	2,111	2,534	2,533	3,069	3,450	3,532	3,133
Total Revenue	2,856	2,918	3,189	3,878	4,303	4,221	4,941	5,420	5,464	4,979
Operating Revenue	2,856	2,918	3,189	3,878	4,303	4,221	4,941	5,420	5,464	4,979
Total Cost of Revenue	1,269	1,294	1,492	1,767	1,769	1,688	1,872	1,970	1,932	1,846
Operating Cost of Revenue	1,269	1,294	1,492	1,767	1,769	1,688	1,872	1,970	1,932	1,846
Total Operating Expenses	1,156	1,218	1,549	2,505	1,823	1,768	1,989	2,116	2,174	2,300
Selling, General & Admin Expense	787	818	1,058	1,205	1,155	1,097	1,195	1,283	1,307	1,395
Research & Development Expense	387	425	507	624	688	715	811	841	882	919
Other Operating Expenses / (Income)	-18	-25	-16	-33	-20	-44	-17	-8.00	-15	-14
Total Other Income / (Expense), net	-43	-40	31	-17	4.00	-4.00	-70	-49	-1.00	32
Interest Expense	46	47	80	83	80	78	79	79	78	84
Interest & Investment Income	1.00	3.00	7.00	12	23	11	3.00	16	102	81
Other Income / (Expense), net	2.00	4.00	104	54	61	63	6.00	14	-25	35
Income Tax Expense	-125	31	77	-576	94	134	116	161	300	251
Basic Earnings per Share	$3.04	$1.97	$0.57	$0.88	$3.31	$3.35	$4.84	$6.23	$5.95	$3.53
Weighted Average Basic Shares Outstanding	169M	170M	180M	187M	188M	187M	185M	180M	178M	174M
Diluted Earnings per Share	$3.00	$1.95	$0.56	$0.86	$3.25	$3.31	$4.78	$6.18	$5.91	$3.51
Weighted Average Diluted Shares Outstanding	171M	172M	182M	191M	191M	189M	187M	182M	179M	175M
Weighted Average Basic & Diluted Shares Outstanding	168.80M	170.10M	178.90M	187.50M	188.45M	186.09M	183.04M	178.80M	175.04M	173.17M

This table shows Keysight Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/31/2022	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025
Net Income / (Loss) Attributable to Common Shareholders	338	299	260	283	288	226	172	126	389	-73	169
Consolidated Net Income / (Loss)	338	299	260	566	288	-57	172	252	389	-203	169
Net Income / (Loss) Continuing Operations	338	299	260	283	288	226	172	126	389	-73	169
Total Pre-Tax Income	346	368	331	361	389	276	229	175	213	248	199
Total Operating Income	357	379	322	354	365	317	221	177	205	230	218
Total Gross Profit	877	910	883	909	896	844	813	763	755	802	820
Total Revenue	1,376	1,443	1,381	1,390	1,382	1,311	1,259	1,216	1,217	1,287	1,298
Operating Revenue	1,376	1,443	1,381	1,390	1,382	1,311	1,259	1,216	1,217	1,287	1,298
Total Cost of Revenue	499	533	498	481	486	467	446	453	462	485	478
Operating Cost of Revenue	499	533	498	481	486	467	446	453	462	485	478
Total Operating Expenses	520	531	561	555	531	527	592	586	550	572	602
Selling, General & Admin Expense	317	321	338	337	319	313	362	361	329	343	361
Research & Development Expense	206	215	227	222	215	218	232	228	226	233	249
Other Operating Expenses / (Income)	-3.00	-5.00	-4.00	-4.00	-3.00	-4.00	-2.00	-3.00	-5.00	-4.00	-8.00
Total Other Income / (Expense), net	-11	-11	9.00	7.00	24	-41	8.00	-2.00	8.00	18	-19
Interest Expense	20	20	19	20	19	20	20	20	21	23	20
Interest & Investment Income	4.00	10	19	22	29	32	23	18	19	21	19
Other Income / (Expense), net	5.00	-1.00	9.00	5.00	14	-53	5.00	0.00	10	20	-18
Income Tax Expense	8.00	69	71	78	101	50	57	49	-176	321	30
Basic Earnings per Share	$1.89	$1.67	$1.46	$1.59	$1.62	$1.28	$0.98	$0.73	$2.23	($0.41)	$0.97
Weighted Average Basic Shares Outstanding	179M	180M	178M	178M	178M	178M	175M	174M	174M	174M	173M
Diluted Earnings per Share	$1.87	$1.66	$1.45	$1.58	$1.61	$1.27	$0.98	$0.72	$2.22	($0.41)	$0.97
Weighted Average Diluted Shares Outstanding	181M	182M	180M	179M	179M	179M	176M	175M	175M	175M	174M
Weighted Average Basic & Diluted Shares Outstanding	178.80M	178.80M	178.14M	178.37M	177.57M	175.04M	174.56M	174.54M	173.54M	173.17M	172.81M

This table details how cash moves in and out of Keysight Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Net Change in Cash & Equivalents	-327	300	35	97	683	167	301	-11	431	-674
Net Cash From Operating Activities	376	420	328	555	998	1,016	1,322	1,144	1,408	1,052
Net Cash From Continuing Operating Activities	376	440	328	555	998	1,016	1,322	1,144	1,408	1,052
Net Income / (Loss) Continuing Operations	513	335	102	165	621	627	894	1,124	1,057	614
Consolidated Net Income / (Loss)	513	335	102	165	621	627	894	1,124	1,057	614
Depreciation Expense	99	85	92	103	96	104	117	117	120	126
Amortization Expense	0.00	49	142	207	212	222	176	106	92	144
Non-Cash Adjustments To Reconcile Net Income	93	80	12	789	106	79	152	194	268	171
Changes in Operating Assets and Liabilities, net	-329	-109	-20	-709	-37	-16	-17	-397	-129	-3.00
Net Cash From Investing Activities	-671	-90	-1,722	-108	-196	-442	-353	-251	-288	-819
Net Cash From Continuing Investing Activities	-671	-90	-1,722	-108	-196	-442	-353	-251	-288	-819
Purchase of Property, Plant & Equipment	-92	-91	-72	-132	-120	-117	-174	-185	-197	-154
Acquisitions	-574	-10	-1,702	-5.00	-88	-357	-178	-33	-85	-681
Purchase of Investments	-7.00	0.00	-	0.00	0.00	0.00	-1.00	-33	-7.00	-11
Other Investing Activities, net	0.00	0.00	-1.00	0.00	5.00	32	0.00	0.00	1.00	27
Net Cash From Financing Activities	-19	-29	1,425	-341	-122	-413	-671	-861	-687	-913
Net Cash From Continuing Financing Activities	-19	-29	1,425	-341	-122	-413	-671	-861	-687	-913
Repayment of Debt	0.00	-1.00	-339	-301	-504	-7.00	-4.00	-1.00	-3.00	-646
Repurchase of Common Equity	0.00	-62	0.00	-120	-159	-411	-673	-849	-702	-443
Payment of Dividends	-	-	-	-	-	-	-	0.00	0.00	-458
Issuance of Debt	0.00	0.00	1,281	40	500	-	-	0.00	0.00	599
Issuance of Common Equity	26	43	495	64	67	58	59	63	67	66
Other Financing Activities, net	-45	-9.00	-12	-24	-26	-53	-53	-74	-49	-31
Effect of Exchange Rate Changes	-13	-1.00	4.00	-9.00	3.00	6.00	3.00	-43	-2.00	6.00
Cash Interest Paid	-	-	-	-	76	75	75	75	75	75
Cash Income Taxes Paid	-	-	-	-	103	84	130	191	343	146

This table details how cash moves in and out of Keysight Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/31/2022	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025
Net Change in Cash & Equivalents	-37	194	187	270	74	-100	-723	-91	-25	165	263
Net Cash From Operating Activities	224	398	366	423	241	378	328	110	255	359	378
Net Cash From Continuing Operating Activities	224	398	366	423	241	378	328	110	255	359	378
Net Income / (Loss) Continuing Operations	338	299	260	283	288	226	172	126	389	-73	169
Consolidated Net Income / (Loss)	338	299	260	283	288	226	172	126	389	-73	169
Depreciation Expense	29	29	29	30	31	30	30	32	32	32	31
Amortization Expense	27	26	24	25	23	20	38	38	32	36	35
Non-Cash Adjustments To Reconcile Net Income	38	44	54	146	23	45	52	43	37	39	35
Changes in Operating Assets and Liabilities, net	-208	-	-1.00	-61	-124	57	36	-129	-235	325	108
Net Cash From Investing Activities	-48	-61	-60	-145	-45	-38	-511	-120	-150	-38	-33
Net Cash From Continuing Investing Activities	-48	-61	-60	-145	-45	-38	-511	-120	-150	-38	-33
Purchase of Property, Plant & Equipment	-32	-58	-60	-53	-45	-39	-47	-36	-33	-38	-32
Acquisitions	-16	-	0.00	-85	-	-	-478	-78	-117	-8.00	0.00
Other Investing Activities, net	-	-	0.00	-7.00	-	8.00	14	5.00	-	19	-1.00
Net Cash From Financing Activities	-207	-127	-139	-1.00	-119	-428	-548	-73	-132	-160	-74
Net Cash From Continuing Financing Activities	-207	-127	-139	-1.00	-119	-428	-548	-73	-132	-160	-74
Repayment of Debt	-	-1.00	-1.00	-	-	-2.00	-1.00	-28	-11	-606	-1.00
Repurchase of Common Equity	-239	-126	-125	-	-151	-426	-93	-46	-150	-154	-75
Payment of Dividends	-	-	0.00	-	-	-	-458	-	-	-	0.00
Issuance of Common Equity	32	-	33	-	34	-	32	1.00	32	1.00	31
Other Financing Activities, net	-	-	-46	-1.00	-2.00	-	-28	-	-3.00	-	-29
Effect of Exchange Rate Changes	-6.00	-16	20	-7.00	-3.00	-12	8.00	-8.00	2.00	4.00	-8.00
Cash Interest Paid	-	38	0.00	37	-	38	0.00	38	-	37	0.00
Cash Income Taxes Paid	35	34	14	166	88	75	12	134	-16	16	9.00

This table presents Keysight Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Total Assets	3,508	3,796	5,933	5,824	6,623	7,218	7,781	8,098	8,683	9,269
Total Current Assets	1,579	1,854	2,177	2,378	3,215	3,374	3,834	4,234	4,809	4,257
Cash & Equivalents	483	783	818	913	1,598	1,756	2,052	2,042	2,472	1,796
Accounts Receivable	398	437	547	624	668	606	735	905	900	857
Inventories, net	487	474	588	619	705	757	777	858	985	1,022
Prepaid Expenses	-	-	-	-	-	-	270	429	452	582
Plant, Property, & Equipment, net	518	512	530	555	576	595	650	690	761	774
Total Noncurrent Assets	1,411	1,430	3,226	2,891	2,832	3,249	3,297	3,174	3,113	4,238
Long-Term Investments	70	55	63	46	46	61	70	62	81	110
Goodwill	700	736	1,882	1,171	1,209	1,537	1,628	1,582	1,640	2,388
Intangible Assets	246	208	855	645	490	361	272	189	155	607
Noncurrent Deferred & Refundable Income Taxes	295	392	186	750	755	740	711	667	671	378
Other Noncurrent Operating Assets	100	39	240	279	332	550	616	674	566	755
Total Liabilities & Shareholders' Equity	3,508	3,796	5,933	5,824	6,623	7,218	7,781	8,098	8,683	9,269
Total Liabilities	2,206	2,283	3,623	3,391	3,619	3,921	3,997	3,937	4,029	4,164
Total Current Liabilities	686	644	819	1,462	1,003	1,081	1,309	1,407	2,049	1,427
Short-Term Debt	-	0.00	10	499	0.00	0.00	-	0.00	599	0.00
Accounts Payable	209	189	211	242	253	224	287	348	286	313
Current Deferred Revenue	175	180	291	334	334	391	478	495	541	561
Current Deferred & Payable Income Tax Liabilities	50	41	28	42	55	64	74	96	90	90
Current Employee Benefit Liabilities	168	183	217	276	278	289	355	333	304	295
Other Current Liabilities	84	51	62	69	83	113	115	135	229	168
Total Noncurrent Liabilities	1,520	1,639	2,804	1,929	2,616	2,840	2,688	2,530	1,980	2,737
Long-Term Debt	1,099	1,093	2,038	1,291	1,788	1,789	1,791	1,793	1,195	1,790
Noncurrent Deferred Revenue	61	72	101	127	176	175	187	197	216	206
Noncurrent Employee Benefit Liabilities	280	405	309	224	357	362	167	58	64	81
Other Noncurrent Operating Liabilities	80	69	356	287	295	514	543	482	505	660
Total Equity & Noncontrolling Interests	1,302	1,513	2,310	2,433	3,004	3,297	3,784	4,161	4,654	5,105
Total Preferred & Common Equity	1,302	1,513	2,310	2,433	3,004	3,297	3,784	4,161	4,654	5,105
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,302	1,513	2,310	2,433	3,004	3,297	3,784	4,161	4,654	5,105
Common Stock	1,167	1,244	1,788	1,891	2,015	2,112	2,221	2,335	2,489	2,666
Retained Earnings	614	949	1,041	1,212	1,909	2,536	3,430	4,554	5,611	6,225
Treasury Stock	0.00	-62	-62	-182	-342	-752	-1,425	-2,274	-2,980	-3,422
Accumulated Other Comprehensive Income / (Loss)	-479	-618	-457	-488	-578	-599	-442	-454	-466	-364
Other Equity Adjustments	-	-	-	0.00	-	0.00	-	-	-	0.00

This table presents Keysight Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/31/2022	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025
Total Assets	7,852	8,098	8,448	8,708	8,826	8,683	9,060	8,988	9,323	9,269	9,387
Total Current Assets	3,961	4,234	4,498	4,764	4,902	4,809	4,076	3,968	3,996	4,257	4,456
Cash & Equivalents	1,847	2,042	2,228	2,498	2,572	2,472	1,745	1,657	1,632	1,796	2,060
Accounts Receivable	882	905	920	864	893	900	808	809	802	857	797
Inventories, net	837	858	909	948	975	985	1,024	1,020	1,026	1,022	1,039
Prepaid Expenses	-	429	441	454	462	452	499	482	536	582	560
Plant, Property, & Equipment, net	668	690	728	746	754	761	771	769	776	774	764
Total Noncurrent Assets	3,223	3,174	3,222	3,198	3,170	3,113	4,213	4,251	4,551	4,238	4,167
Long-Term Investments	73	62	75	82	96	81	90	102	107	110	147
Goodwill	1,606	1,582	1,611	1,661	1,655	1,640	2,254	2,282	2,391	2,388	2,354
Intangible Assets	216	189	166	198	175	155	616	609	637	607	556
Noncurrent Deferred & Refundable Income Taxes	661	667	679	669	656	671	662	668	678	378	365
Other Noncurrent Operating Assets	667	674	691	588	588	566	591	590	738	755	745
Total Liabilities & Shareholders' Equity	7,852	8,098	8,448	8,708	8,826	8,683	9,060	8,988	9,323	9,269	9,387
Total Liabilities	3,932	3,937	4,044	4,003	3,929	4,029	4,243	4,085	4,093	4,164	4,200
Total Current Liabilities	1,312	1,407	1,465	1,422	1,338	2,049	2,116	1,994	1,949	1,427	1,509
Short-Term Debt	-	0.00	-	-	-	599	609	600	600	0.00	0.00
Accounts Payable	328	348	325	302	289	286	281	268	280	313	289
Current Deferred Revenue	496	495	554	568	518	541	592	578	537	561	594
Current Deferred & Payable Income Tax Liabilities	63	96	164	80	81	90	146	62	85	90	131
Current Employee Benefit Liabilities	275	333	257	317	264	304	261	309	262	295	253
Other Current Liabilities	150	135	165	155	186	229	227	177	185	168	242
Total Noncurrent Liabilities	2,620	2,530	2,579	2,581	2,591	1,980	2,127	2,091	2,144	2,737	2,691
Long-Term Debt	1,792	1,793	1,793	1,793	1,794	1,195	1,208	1,195	1,196	1,790	1,790
Noncurrent Deferred Revenue	200	197	217	222	229	216	213	211	207	206	209
Noncurrent Employee Benefit Liabilities	131	58	61	62	62	64	67	68	71	81	79
Other Noncurrent Operating Liabilities	497	482	508	504	506	505	639	617	670	660	613
Total Equity & Noncontrolling Interests	3,920	4,161	4,404	4,705	4,897	4,654	4,817	4,903	5,230	5,105	5,187
Total Preferred & Common Equity	3,920	4,161	4,404	4,705	4,897	4,654	4,817	4,903	5,230	5,105	5,187
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,920	4,161	4,404	4,705	4,897	4,654	4,817	4,903	5,230	5,105	5,187
Common Stock	2,313	2,335	2,380	2,406	2,464	2,489	2,549	2,582	2,639	2,666	2,733
Retained Earnings	4,255	4,554	4,814	5,097	5,385	5,611	5,783	5,909	6,298	6,225	6,394
Treasury Stock	-2,148	-2,274	-2,399	-2,399	-2,550	-2,980	-3,073	-3,119	-3,270	-3,422	-3,497
Accumulated Other Comprehensive Income / (Loss)	-500	-454	-391	-399	-402	-466	-442	-469	-437	-364	-443
Other Equity Adjustments	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Keysight Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.63%	2.17%	9.29%	21.61%	10.96%	-1.91%	17.06%	9.69%	0.81%	-8.88%
EBITDA Growth	-5.34%	2.26%	-10.66%	-106.17%	3,700.00%	6.85%	19.50%	13.92%	-1.66%	-26.34%
EBIT Growth	-9.41%	-5.31%	-38.54%	-234.92%	327.06%	7.25%	31.16%	24.13%	-1.11%	-34.88%
NOPAT Growth	47.23%	-34.79%	-77.31%	-427.03%	323.90%	2.07%	51.67%	22.06%	-9.35%	-44.10%
Net Income Growth	30.87%	-34.70%	-69.55%	61.76%	276.36%	0.97%	42.58%	25.73%	-5.96%	-41.91%
EPS Growth	27.66%	-35.00%	-71.28%	53.57%	277.91%	1.85%	44.41%	29.29%	-4.37%	-40.61%
Operating Cash Flow Growth	-33.21%	11.70%	-21.90%	69.21%	79.82%	1.80%	30.12%	-13.46%	23.08%	-25.28%
Free Cash Flow Firm Growth	53.43%	259.50%	-459.75%	96.13%	1,268.03%	-30.57%	51.57%	-0.27%	31.55%	-149.64%
Invested Capital Growth	85.73%	-4.33%	96.66%	-6.13%	-3.55%	3.84%	5.63%	11.50%	1.17%	28.09%
Revenue Q/Q Growth	-0.42%	0.03%	4.15%	4.56%	1.73%	2.43%	1.52%	2.83%	-2.36%	-0.48%
EBITDA Q/Q Growth	-3.45%	0.00%	-3.95%	-105.15%	268.60%	7.05%	3.06%	1.29%	-7.15%	0.35%
EBIT Q/Q Growth	-5.25%	-0.73%	-18.97%	-222.30%	6,038.46%	8.95%	7.00%	1.66%	-7.88%	-1.59%
NOPAT Q/Q Growth	57.82%	-35.68%	-70.75%	-273.37%	1,245.69%	4.63%	7.31%	1.37%	-4.48%	-37.14%
Net Income Q/Q Growth	52.23%	-35.58%	-56.03%	-31.54%	99.04%	3.64%	7.84%	1.54%	-25.19%	-19.21%
EPS Q/Q Growth	50.75%	-35.64%	-58.21%	-30.08%	100.62%	4.09%	8.14%	2.49%	-6.19%	-32.37%
Operating Cash Flow Q/Q Growth	-24.19%	17.32%	-19.61%	44.91%	2.89%	7.97%	2.32%	2.69%	-1.40%	-1.77%
Free Cash Flow Firm Q/Q Growth	0.00%	270.28%	-47.08%	19.40%	178.80%	0.18%	-19.15%	13.36%	15.56%	-55.45%
Invested Capital Q/Q Growth	62.96%	-10.57%	3.18%	-9.51%	-4.32%	-3.40%	4.01%	1.53%	-3.18%	-5.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.57%	55.65%	53.21%	54.44%	58.89%	60.01%	62.11%	63.65%	64.64%	62.92%
EBITDA Margin	18.63%	18.64%	15.24%	-0.77%	25.10%	27.34%	27.91%	28.99%	28.28%	22.86%
Operating Margin	15.09%	13.91%	4.64%	-10.16%	16.52%	18.12%	21.86%	24.61%	24.85%	16.73%
EBIT Margin	15.16%	14.05%	7.90%	-8.77%	17.94%	19.62%	21.98%	24.87%	24.40%	17.43%
Profit (Net Income) Margin	17.96%	11.48%	3.20%	4.25%	14.43%	14.85%	18.09%	20.74%	19.34%	12.33%
Tax Burden Percent	132.22%	91.53%	56.98%	-40.15%	86.85%	82.39%	88.51%	87.47%	77.89%	70.98%
Interest Burden Percent	89.61%	89.27%	71.03%	120.88%	92.62%	91.91%	93.00%	95.33%	101.80%	99.65%
Effective Tax Rate	-32.22%	8.47%	43.02%	0.00%	13.15%	17.61%	11.49%	12.53%	22.11%	29.02%
Return on Invested Capital (ROIC)	40.09%	20.55%	3.22%	-8.18%	19.26%	19.64%	28.44%	31.96%	27.32%	13.31%
ROIC Less NNEP Spread (ROIC-NNEP)	25.36%	11.41%	5.70%	35.94%	19.97%	13.96%	62.96%	45.31%	27.46%	8.12%
Return on Net Nonoperating Assets (RNNOA)	9.45%	3.25%	2.12%	15.14%	3.58%	0.26%	-3.19%	-3.66%	-3.33%	-0.73%
Return on Equity (ROE)	49.54%	23.80%	5.34%	6.96%	22.84%	19.90%	25.25%	28.29%	23.98%	12.58%
Cash Return on Invested Capital (CROIC)	-19.92%	24.98%	-61.95%	-1.86%	22.88%	15.87%	22.97%	21.08%	26.15%	-11.32%
Operating Return on Assets (OROA)	13.21%	11.23%	5.18%	-5.78%	12.40%	11.96%	14.48%	16.98%	15.89%	9.67%
Return on Assets (ROA)	15.65%	9.17%	2.10%	2.81%	9.98%	9.06%	11.92%	14.16%	12.60%	6.84%
Return on Common Equity (ROCE)	49.54%	23.80%	5.34%	6.96%	22.84%	19.90%	25.25%	28.29%	23.98%	12.58%
Return on Equity Simple (ROE_SIMPLE)	39.40%	22.14%	4.42%	6.78%	20.67%	19.02%	23.63%	27.01%	22.71%	12.03%
Net Operating Profit after Tax (NOPAT)	570	372	84	-276	618	630	956	1,167	1,058	591
NOPAT Margin	19.95%	12.74%	2.64%	-7.11%	14.35%	14.93%	19.35%	21.53%	19.36%	11.88%
Net Nonoperating Expense Percent (NNEP)	14.73%	9.14%	-2.48%	-44.12%	-0.71%	5.68%	-34.52%	-13.35%	-0.15%	5.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	19.60%	16.40%	8.58%
Cost of Revenue to Revenue	44.43%	44.35%	46.79%	45.56%	41.11%	39.99%	37.89%	36.35%	35.36%	37.08%
SG&A Expenses to Revenue	27.56%	28.03%	33.18%	31.07%	26.84%	25.99%	24.19%	23.67%	23.92%	28.02%
R&D to Revenue	13.55%	14.56%	15.90%	16.09%	15.99%	16.94%	16.41%	15.52%	16.14%	18.46%
Operating Expenses to Revenue	40.48%	41.74%	48.57%	64.60%	42.37%	41.89%	40.26%	39.04%	39.79%	46.19%
Earnings before Interest and Taxes (EBIT)	433	410	252	-340	772	828	1,086	1,348	1,333	868
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	532	544	486	-30	1,080	1,154	1,379	1,571	1,545	1,138
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.31	3.68	3.60	4.40	6.30	5.95	8.76	7.48	4.66	5.07
Price to Tangible Book Value (P/TBV)	15.75	9.80	0.00	17.34	14.50	14.03	17.60	13.03	7.58	12.26
Price to Revenue (P/Rev)	1.96	1.91	2.61	2.76	4.40	4.65	6.71	5.74	3.97	5.19
Price to Earnings (P/E)	10.93	16.64	81.46	64.84	30.48	31.30	37.09	27.70	20.50	42.12
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	9.15%	6.01%	1.23%	1.54%	3.28%	3.19%	2.70%	3.61%	4.88%	2.37%
Enterprise Value to Invested Capital (EV/IC)	3.33	3.30	2.73	3.53	6.06	5.99	9.51	8.01	5.37	5.16
Enterprise Value to Revenue (EV/Rev)	2.15	2.00	2.97	2.97	4.43	4.64	6.64	5.69	3.83	5.17
Enterprise Value to EBITDA (EV/EBITDA)	11.56	10.71	19.50	0.00	17.66	16.98	23.81	19.62	13.54	22.62
Enterprise Value to EBIT (EV/EBIT)	14.21	14.22	37.60	0.00	24.71	23.67	30.23	22.87	15.69	29.66
Enterprise Value to NOPAT (EV/NOPAT)	10.80	15.69	112.36	0.00	30.89	31.09	34.34	26.42	19.77	43.54
Enterprise Value to Operating Cash Flow (EV/OCF)	16.36	13.88	28.89	20.77	19.11	19.29	24.83	26.95	14.85	24.47
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	12.91	0.00	0.00	26.00	38.48	42.53	40.04	20.65	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.84	0.72	0.89	0.74	0.60	0.54	0.47	0.43	0.39	0.35
Long-Term Debt to Equity	0.84	0.72	0.88	0.53	0.60	0.54	0.47	0.43	0.26	0.35
Financial Leverage	0.37	0.28	0.37	0.42	0.18	0.02	-0.05	-0.08	-0.12	-0.09
Leverage Ratio	3.17	2.59	2.54	2.48	2.29	2.20	2.12	2.00	1.90	1.84
Compound Leverage Factor	2.84	2.32	1.81	3.00	2.12	2.02	1.97	1.91	1.94	1.83
Debt to Total Capital	45.77%	41.94%	46.99%	42.39%	37.31%	35.18%	32.13%	30.11%	27.82%	25.96%
Short-Term Debt to Total Capital	0.00%	0.00%	0.23%	11.82%	0.00%	0.00%	0.00%	0.00%	9.29%	0.00%
Long-Term Debt to Total Capital	45.77%	41.94%	46.76%	30.57%	37.31%	35.18%	32.13%	30.11%	18.53%	25.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.23%	58.06%	53.01%	57.61%	62.69%	64.83%	67.87%	69.89%	72.18%	74.04%
Debt to EBITDA	2.07	2.01	4.21	-59.67	1.66	1.55	1.30	1.14	1.16	1.57
Net Debt to EBITDA	1.03	0.47	2.40	-27.70	0.13	-0.02	-0.24	-0.20	-0.49	-0.10
Long-Term Debt to EBITDA	2.07	2.01	4.19	-43.03	1.66	1.55	1.30	1.14	0.77	1.57
Debt to NOPAT	1.93	2.94	24.28	-6.49	2.90	2.84	1.87	1.54	1.70	3.03
Net Debt to NOPAT	0.96	0.69	13.84	-3.01	0.23	-0.04	-0.35	-0.27	-0.72	-0.20
Long-Term Debt to NOPAT	1.93	2.94	24.17	-4.68	2.90	2.84	1.87	1.54	1.13	3.03
Altman Z-Score	3.30	3.32	2.57	2.85	4.98	4.84	7.08	7.17	5.65	5.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.30	2.88	2.66	1.63	3.21	3.12	2.93	3.01	2.35	2.98
Quick Ratio	1.28	1.89	1.67	1.05	2.26	2.19	2.13	2.09	1.65	1.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-283	452	-1,625	-63	734	509	772	770	1,013	-503
Operating Cash Flow to CapEx	413.19%	518.52%	512.50%	538.84%	831.67%	868.38%	759.77%	618.38%	714.72%	683.12%
Free Cash Flow to Firm to Interest Expense	-6.16	9.61	-20.31	-0.76	9.17	6.53	9.77	9.75	12.98	-5.98
Operating Cash Flow to Interest Expense	8.17	8.94	4.10	6.69	12.48	13.03	16.73	14.48	18.05	12.52
Operating Cash Flow Less CapEx to Interest Expense	6.20	7.21	3.30	5.45	10.98	11.53	14.53	12.14	15.53	10.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.87	0.80	0.66	0.66	0.69	0.61	0.66	0.68	0.65	0.55
Accounts Receivable Turnover	7.34	6.99	6.48	6.62	6.66	6.63	7.37	6.61	6.05	5.67
Inventory Turnover	2.58	2.69	2.81	2.93	2.67	2.31	2.44	2.41	2.10	1.84
Fixed Asset Turnover	5.78	5.67	6.12	7.15	7.61	7.21	7.94	8.09	7.53	6.49
Accounts Payable Turnover	5.01	6.50	7.46	7.80	7.15	7.08	7.33	6.20	6.09	6.16
Days Sales Outstanding (DSO)	49.71	52.22	56.31	55.11	54.80	55.08	49.53	55.22	60.29	64.40
Days Inventory Outstanding (DIO)	141.66	135.54	129.90	124.66	136.59	158.07	149.55	151.47	174.09	198.42
Days Payable Outstanding (DPO)	72.91	56.13	48.93	46.79	51.07	51.57	49.82	58.83	59.89	59.22
Cash Conversion Cycle (CCC)	118.46	131.63	137.29	132.98	140.32	161.58	149.26	147.86	174.49	203.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,848	1,768	3,477	3,264	3,148	3,269	3,453	3,850	3,895	4,989
Invested Capital Turnover	2.01	1.61	1.22	1.15	1.34	1.32	1.47	1.48	1.41	1.12
Increase / (Decrease) in Invested Capital	853	-80	1,709	-213	-116	121	184	397	45	1,094
Enterprise Value (EV)	6,152	5,829	9,476	11,529	19,072	19,597	32,828	30,826	20,914	25,744
Market Capitalization	5,606	5,574	8,309	10,698	18,928	19,625	33,159	31,137	21,673	25,860
Book Value per Share	$7.68	$8.90	$12.42	$12.98	$16.01	$17.62	$20.54	$23.27	$26.21	$29.42
Tangible Book Value per Share	$2.10	$3.35	($2.30)	$3.29	$6.96	$7.48	$10.23	$13.37	$16.10	$12.16
Total Capital	2,401	2,606	4,358	4,223	4,792	5,086	5,575	5,954	6,448	6,895
Total Debt	1,099	1,093	2,048	1,790	1,788	1,789	1,791	1,793	1,794	1,790
Total Long-Term Debt	1,099	1,093	2,038	1,291	1,788	1,789	1,791	1,793	1,195	1,790
Net Debt	546	255	1,167	831	144	-28	-331	-311	-759	-116
Capital Expenditures (CapEx)	91	81	64	103	120	117	174	185	197	154
Debt-free, Cash-free Net Working Capital (DFCFNWC)	410	427	550	502	614	537	473	785	887	1,034
Debt-free Net Working Capital (DFNWC)	893	1,210	1,368	1,415	2,212	2,293	2,525	2,827	3,359	2,830
Net Working Capital (NWC)	893	1,210	1,358	916	2,212	2,293	2,525	2,827	2,760	2,830
Net Nonoperating Expense (NNE)	57	37	-18	-441	-3.47	3.30	62	43	0.78	-23
Net Nonoperating Obligations (NNO)	546	255	1,167	831	144	-28	-331	-311	-759	-116
Total Depreciation and Amortization (D&A)	99	134	234	310	308	326	293	223	212	270
Debt-free, Cash-free Net Working Capital to Revenue	14.36%	14.63%	17.25%	12.94%	14.27%	12.72%	9.57%	14.48%	16.23%	20.77%
Debt-free Net Working Capital to Revenue	31.27%	41.47%	42.90%	36.49%	51.41%	54.32%	51.10%	52.16%	61.48%	56.84%
Net Working Capital to Revenue	31.27%	41.47%	42.58%	23.62%	51.41%	54.32%	51.10%	52.16%	50.51%	56.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.97	$0.57	$0.88	$3.31	$3.35	$4.84	$6.23	$5.95	$3.53
Adjusted Weighted Average Basic Shares Outstanding	0.00	170M	180M	187M	188M	187M	185M	180M	178M	174M
Adjusted Diluted Earnings per Share	$0.00	$1.95	$0.56	$0.86	$3.25	$3.31	$4.78	$6.18	$5.91	$3.51
Adjusted Weighted Average Diluted Shares Outstanding	0.00	172M	182M	191M	191M	189M	187M	182M	179M	175M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	171.45M	187.28M	187.64M	188.45M	186.09M	183.04M	178.80M	175.04M	173.17M
Normalized Net Operating Profit after Tax (NOPAT)	302	372	84	221	618	630	956	1,167	1,058	591
Normalized NOPAT Margin	10.56%	12.74%	2.64%	5.69%	14.35%	14.93%	19.35%	21.53%	19.36%	11.88%
Pre Tax Income Margin	13.59%	12.54%	5.61%	-10.60%	16.62%	18.03%	20.44%	23.71%	24.84%	17.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.41	8.72	3.15	-4.10	9.65	10.62	13.75	17.06	17.09	10.33
NOPAT to Interest Expense	12.39	7.91	1.05	-3.32	7.72	8.08	12.10	14.77	13.56	7.04
EBIT Less CapEx to Interest Expense	7.43	7.00	2.35	-5.34	8.15	9.12	11.54	14.72	14.56	8.50
NOPAT Less CapEx to Interest Expense	10.41	6.18	0.25	-4.56	6.22	6.58	9.90	12.43	11.04	5.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	74.59%
Augmented Payout Ratio	0.00%	18.51%	0.00%	72.73%	25.60%	65.55%	75.28%	75.53%	66.41%	146.74%

This table displays calculated financial ratios and metrics derived from Keysight Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/31/2022	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.43%	11.51%	10.48%	2.89%	0.44%	-9.15%	-8.83%	-12.52%	-11.94%	-1.83%	3.10%
EBITDA Growth	18.41%	4.84%	12.94%	8.95%	3.59%	-27.48%	-23.44%	-40.34%	-35.57%	1.27%	-9.52%
EBIT Growth	25.26%	6.18%	16.96%	10.46%	4.70%	-30.16%	-31.72%	-50.70%	-43.27%	-5.30%	-11.50%
NOPAT Growth	30.53%	5.44%	7.60%	0.98%	-22.51%	-15.71%	-34.37%	-54.08%	38.54%	-126.08%	11.53%
Net Income Growth	33.07%	6.03%	13.54%	119.38%	-14.79%	-119.06%	-33.85%	-55.48%	35.07%	-256.14%	-1.74%
EPS Growth	37.50%	9.93%	16.94%	12.06%	-13.90%	-23.49%	-32.41%	-54.43%	37.89%	-132.28%	-1.02%
Operating Cash Flow Growth	-12.84%	8.15%	63.39%	41.95%	7.59%	-5.03%	-10.38%	-74.00%	5.81%	-5.03%	15.24%
Free Cash Flow Firm Growth	-137.22%	-182.43%	-254.64%	30.09%	131.83%	340.92%	-800.47%	-2,348.95%	-2,367.60%	-641.40%	128.98%
Invested Capital Growth	14.22%	11.50%	9.41%	8.71%	6.09%	1.17%	23.24%	26.06%	31.42%	28.09%	-0.60%
Revenue Q/Q Growth	1.85%	4.87%	-4.30%	0.65%	-0.58%	-5.14%	-3.97%	-3.42%	0.08%	5.75%	0.85%
EBITDA Q/Q Growth	10.00%	3.59%	-11.32%	7.81%	4.59%	-27.48%	-6.37%	-15.99%	12.96%	13.98%	-16.35%
EBIT Q/Q Growth	11.38%	4.42%	-12.43%	8.46%	5.57%	-30.34%	-14.39%	-21.68%	21.47%	16.28%	-20.00%
NOPAT Q/Q Growth	26.91%	-11.70%	-17.86%	9.72%	-2.62%	-3.94%	-36.05%	-23.22%	193.78%	-118.08%	373.46%
Net Income Q/Q Growth	31.01%	-11.54%	-13.04%	117.69%	-49.12%	-119.79%	401.75%	43.18%	54.37%	-152.19%	183.25%
EPS Q/Q Growth	32.62%	-11.23%	-12.65%	8.97%	1.90%	-21.12%	-22.83%	-26.53%	208.33%	-118.47%	336.59%
Operating Cash Flow Q/Q Growth	-24.83%	77.68%	-8.04%	15.57%	-43.03%	56.85%	-13.23%	-66.46%	131.82%	40.78%	5.29%
Free Cash Flow Firm Q/Q Growth	-136.15%	27.74%	7.85%	55.54%	207.52%	446.94%	-444.41%	-20.91%	0.44%	-30.59%	118.43%
Invested Capital Q/Q Growth	5.22%	1.53%	1.14%	0.62%	2.68%	-3.18%	23.21%	2.92%	7.05%	-5.64%	-4.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.74%	63.06%	63.94%	65.40%	64.83%	64.38%	64.58%	62.75%	62.04%	62.32%	63.17%
EBITDA Margin	30.38%	30.01%	27.81%	29.78%	31.33%	23.95%	23.35%	20.31%	22.93%	24.71%	20.49%
Operating Margin	25.94%	26.26%	23.32%	25.47%	26.41%	24.18%	17.55%	14.56%	16.84%	17.87%	16.80%
EBIT Margin	26.31%	26.20%	23.97%	25.83%	27.42%	20.14%	17.95%	14.56%	17.67%	19.43%	15.41%
Profit (Net Income) Margin	24.56%	20.72%	18.83%	40.72%	20.84%	-4.35%	13.66%	20.72%	31.96%	-15.77%	13.02%
Tax Burden Percent	97.69%	81.25%	78.55%	156.79%	74.04%	-20.65%	75.11%	144.00%	182.63%	-81.85%	84.92%
Interest Burden Percent	95.58%	97.35%	100.00%	100.56%	102.64%	104.55%	101.33%	98.87%	99.07%	99.20%	99.50%
Effective Tax Rate	2.31%	18.75%	21.45%	21.61%	25.96%	18.12%	24.89%	28.00%	-82.63%	129.44%	15.08%
Return on Invested Capital (ROIC)	37.57%	31.68%	27.28%	29.67%	28.00%	27.94%	16.20%	12.23%	33.06%	-5.90%	14.96%
ROIC Less NNEP Spread (ROIC-NNEP)	41.42%	34.46%	25.42%	-30.30%	24.46%	87.11%	13.93%	-20.94%	29.49%	25.03%	22.38%
Return on Net Nonoperating Assets (RNNOA)	-3.01%	-2.78%	-2.36%	3.44%	-2.78%	-10.57%	-0.80%	1.64%	-2.38%	-2.24%	-0.97%
Return on Equity (ROE)	34.56%	28.89%	24.93%	33.11%	25.22%	17.36%	15.41%	13.87%	30.68%	-8.14%	13.99%
Cash Return on Invested Capital (CROIC)	19.10%	21.08%	22.76%	23.16%	22.43%	26.15%	1.51%	-4.53%	-6.95%	-11.32%	13.30%
Operating Return on Assets (OROA)	17.71%	17.88%	16.45%	17.53%	18.40%	13.11%	10.95%	8.50%	9.74%	10.78%	8.38%
Return on Assets (ROA)	16.54%	14.15%	12.92%	27.64%	13.98%	-2.83%	8.34%	12.10%	17.62%	-8.75%	7.08%
Return on Common Equity (ROCE)	34.56%	28.89%	24.93%	33.11%	25.22%	17.36%	15.41%	13.87%	30.68%	-8.14%	13.99%
Return on Equity Simple (ROE_SIMPLE)	28.24%	0.00%	26.23%	31.09%	28.85%	0.00%	20.12%	13.44%	14.53%	0.00%	11.78%
Net Operating Profit after Tax (NOPAT)	349	308	253	278	270	260	166	127	374	-68	185
NOPAT Margin	25.34%	21.34%	18.32%	19.96%	19.55%	19.80%	13.18%	10.48%	30.76%	-5.26%	14.26%
Net Nonoperating Expense Percent (NNEP)	-3.85%	-2.78%	1.86%	59.98%	3.55%	-59.17%	2.28%	33.17%	3.58%	-30.93%	-7.42%
Return On Investment Capital (ROIC_SIMPLE)	-	5.17%	-	-	-	4.03%	2.50%	-	-	-0.98%	2.65%
Cost of Revenue to Revenue	36.26%	36.94%	36.06%	34.60%	35.17%	35.62%	35.42%	37.25%	37.96%	37.68%	36.83%
SG&A Expenses to Revenue	23.04%	22.25%	24.48%	24.24%	23.08%	23.87%	28.75%	29.69%	27.03%	26.65%	27.81%
R&D to Revenue	14.97%	14.90%	16.44%	15.97%	15.56%	16.63%	18.43%	18.75%	18.57%	18.10%	19.18%
Operating Expenses to Revenue	37.79%	36.80%	40.62%	39.93%	38.42%	40.20%	47.02%	48.19%	45.19%	44.44%	46.38%
Earnings before Interest and Taxes (EBIT)	362	378	331	359	379	264	226	177	215	250	200
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	418	433	384	414	433	314	294	247	279	318	266
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.46	7.48	7.28	5.48	5.87	4.66	5.65	5.27	4.66	5.07	5.95
Price to Tangible Book Value (P/TBV)	13.95	13.03	12.21	9.05	9.37	7.58	13.98	12.83	11.06	12.26	13.56
Price to Revenue (P/Rev)	5.55	5.74	5.78	4.61	5.13	3.97	5.09	5.00	4.87	5.19	6.15
Price to Earnings (P/E)	26.43	27.70	27.76	21.84	25.43	20.50	28.09	31.80	26.68	42.12	50.55
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.78%	3.61%	3.60%	4.58%	3.93%	4.88%	3.56%	3.14%	3.75%	2.37%	1.98%
Enterprise Value to Invested Capital (EV/IC)	7.68	8.01	8.10	6.38	6.92	5.37	5.67	5.24	4.62	5.16	6.39
Enterprise Value to Revenue (EV/Rev)	5.53	5.69	5.68	4.47	4.98	3.83	5.09	5.00	4.88	5.17	6.07
Enterprise Value to EBITDA (EV/EBITDA)	18.78	19.62	19.54	15.15	16.74	13.54	18.69	20.08	21.53	22.62	27.45
Enterprise Value to EBIT (EV/EBIT)	21.97	22.87	22.61	17.47	19.25	15.69	22.15	24.72	27.68	29.66	36.19
Enterprise Value to NOPAT (EV/NOPAT)	25.31	26.42	26.67	21.08	25.16	19.77	28.02	31.52	25.96	43.54	50.17
Enterprise Value to Operating Cash Flow (EV/OCF)	26.15	26.95	24.54	17.70	19.51	14.85	19.85	24.47	22.80	24.47	27.65
Enterprise Value to Free Cash Flow (EV/FCFF)	42.89	40.04	37.21	28.68	31.79	20.65	414.94	0.00	0.00	0.00	47.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.43	0.41	0.38	0.37	0.39	0.38	0.37	0.34	0.35	0.35
Long-Term Debt to Equity	0.46	0.43	0.41	0.38	0.37	0.26	0.25	0.24	0.23	0.35	0.35
Financial Leverage	-0.07	-0.08	-0.09	-0.11	-0.11	-0.12	-0.06	-0.08	-0.08	-0.09	-0.04
Leverage Ratio	2.04	2.00	1.97	1.94	1.89	1.90	1.90	1.84	1.79	1.84	1.84
Compound Leverage Factor	1.95	1.95	1.97	1.95	1.94	1.99	1.92	1.82	1.78	1.82	1.83
Debt to Total Capital	31.37%	30.11%	28.93%	27.59%	26.81%	27.82%	27.39%	26.80%	25.56%	25.96%	25.66%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	9.29%	9.18%	8.96%	8.54%	0.00%	0.00%
Long-Term Debt to Total Capital	31.37%	30.11%	28.93%	27.59%	26.81%	18.53%	18.21%	17.84%	17.02%	25.96%	25.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	68.63%	69.89%	71.07%	72.41%	73.19%	72.18%	72.61%	73.20%	74.44%	74.04%	74.34%
Debt to EBITDA	1.16	1.14	1.11	1.09	1.08	1.16	1.25	1.39	1.58	1.57	1.61
Net Debt to EBITDA	-0.08	-0.20	-0.32	-0.48	-0.53	-0.49	-0.01	0.03	0.05	-0.10	-0.38
Long-Term Debt to EBITDA	1.16	1.14	1.11	1.09	1.08	0.77	0.83	0.93	1.05	1.57	1.61
Debt to NOPAT	1.56	1.54	1.52	1.51	1.62	1.70	1.87	2.19	1.91	3.03	2.95
Net Debt to NOPAT	-0.11	-0.27	-0.43	-0.66	-0.79	-0.72	-0.02	0.04	0.06	-0.20	-0.69
Long-Term Debt to NOPAT	1.56	1.54	1.52	1.51	1.62	1.13	1.24	1.46	1.27	3.03	2.95
Altman Z-Score	6.45	6.77	6.77	5.92	6.50	5.24	5.67	5.62	5.39	5.66	6.35
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.02	3.01	3.07	3.35	3.66	2.35	1.93	1.99	2.05	2.98	2.95
Quick Ratio	2.08	2.09	2.15	2.36	2.59	1.65	1.21	1.24	1.25	1.86	1.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-123	-89	-82	-36	39	215	-739	-894	-890	-1,162	214
Operating Cash Flow to CapEx	700.00%	686.21%	610.00%	798.11%	535.56%	969.23%	697.87%	305.56%	772.73%	944.74%	1,181.25%
Free Cash Flow to Firm to Interest Expense	-6.16	-4.45	-4.32	-1.82	2.06	10.73	-36.95	-44.68	-42.36	-50.51	10.71
Operating Cash Flow to Interest Expense	11.20	19.90	19.26	21.15	12.68	18.90	16.40	5.50	12.14	15.61	18.90
Operating Cash Flow Less CapEx to Interest Expense	9.60	17.00	16.11	18.50	10.32	16.95	14.05	3.70	10.57	13.96	17.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.68	0.69	0.68	0.67	0.65	0.61	0.58	0.55	0.55	0.54
Accounts Receivable Turnover	6.76	6.61	6.82	6.71	6.31	6.05	6.18	6.18	5.90	5.67	6.25
Inventory Turnover	2.36	2.41	2.36	2.29	2.21	2.10	1.95	1.88	1.83	1.84	1.82
Fixed Asset Turnover	8.21	8.09	7.93	7.93	7.87	7.53	7.13	6.82	6.54	6.49	6.54
Accounts Payable Turnover	6.57	6.20	6.53	6.54	6.48	6.09	6.20	6.50	6.43	6.16	6.59
Days Sales Outstanding (DSO)	53.98	55.22	53.52	54.42	57.89	60.29	59.03	59.08	61.83	64.40	58.37
Days Inventory Outstanding (DIO)	154.85	151.47	154.61	159.54	165.51	174.09	187.64	193.93	199.77	198.42	200.48
Days Payable Outstanding (DPO)	55.60	58.83	55.87	55.81	56.36	59.89	58.83	56.17	56.81	59.22	55.39
Cash Conversion Cycle (CCC)	153.23	147.86	152.27	158.15	167.04	174.49	187.85	196.84	204.80	203.60	203.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,792	3,850	3,894	3,918	4,023	3,895	4,799	4,939	5,287	4,989	4,770
Invested Capital Turnover	1.48	1.48	1.49	1.49	1.43	1.41	1.23	1.17	1.07	1.12	1.05
Increase / (Decrease) in Invested Capital	472	397	335	314	231	45	905	1,021	1,264	1,094	-29
Enterprise Value (EV)	29,131	30,826	31,557	24,979	27,857	20,914	27,197	25,860	24,417	25,744	30,468
Market Capitalization	29,259	31,137	32,067	25,766	28,731	21,673	27,215	25,824	24,360	25,860	30,885
Book Value per Share	$21.78	$23.27	$24.63	$26.41	$27.45	$26.21	$27.53	$28.09	$29.96	$29.42	$29.95
Tangible Book Value per Share	$11.66	$13.37	$14.69	$15.98	$17.19	$16.10	$11.13	$11.53	$12.62	$12.16	$13.15
Total Capital	5,712	5,954	6,197	6,498	6,691	6,448	6,634	6,698	7,026	6,895	6,977
Total Debt	1,792	1,793	1,793	1,793	1,794	1,794	1,817	1,795	1,796	1,790	1,790
Total Long-Term Debt	1,792	1,793	1,793	1,793	1,794	1,195	1,208	1,195	1,196	1,790	1,790
Net Debt	-128	-311	-510	-787	-874	-759	-18	36	57	-116	-417
Capital Expenditures (CapEx)	32	58	60	53	45	39	47	36	33	38	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	802	785	805	844	992	887	824	917	1,015	1,034	887
Debt-free Net Working Capital (DFNWC)	2,649	2,827	3,033	3,342	3,564	3,359	2,569	2,574	2,647	2,830	2,947
Net Working Capital (NWC)	2,649	2,827	3,033	3,342	3,564	2,760	1,960	1,974	2,047	2,830	2,947
Net Nonoperating Expense (NNE)	11	8.94	-7.07	-288	-18	317	-6.01	-125	-15	135	16
Net Nonoperating Obligations (NNO)	-128	-311	-510	-787	-874	-759	-18	36	57	-116	-417
Total Depreciation and Amortization (D&A)	56	55	53	55	54	50	68	70	64	68	66
Debt-free, Cash-free Net Working Capital to Revenue	15.22%	14.48%	14.50%	15.10%	17.73%	16.23%	15.42%	17.74%	20.29%	20.77%	17.68%
Debt-free Net Working Capital to Revenue	50.26%	52.16%	54.64%	59.79%	63.69%	61.48%	48.09%	49.81%	52.91%	56.84%	58.73%
Net Working Capital to Revenue	50.26%	52.16%	54.64%	59.79%	63.69%	50.51%	36.69%	38.20%	40.92%	56.84%	58.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.89	$1.67	$1.46	$1.59	$1.62	$1.28	$0.98	$0.73	$2.23	($0.41)	$0.97
Adjusted Weighted Average Basic Shares Outstanding	179M	180M	178M	178M	178M	178M	175M	174M	174M	174M	173M
Adjusted Diluted Earnings per Share	$1.87	$1.66	$1.45	$1.58	$1.61	$1.27	$0.98	$0.72	$2.22	($0.41)	$0.97
Adjusted Weighted Average Diluted Shares Outstanding	181M	182M	180M	179M	179M	179M	176M	175M	175M	175M	174M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	178.80M	178.80M	178.14M	178.37M	177.57M	175.04M	174.56M	174.54M	173.54M	173.17M	172.81M
Normalized Net Operating Profit after Tax (NOPAT)	349	308	253	278	270	260	166	127	144	161	185
Normalized NOPAT Margin	25.34%	21.34%	18.32%	19.96%	19.55%	19.80%	13.18%	10.48%	11.79%	12.51%	14.26%
Pre Tax Income Margin	25.15%	25.50%	23.97%	25.97%	28.15%	21.05%	18.19%	14.39%	17.50%	19.27%	15.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.10	18.90	17.42	17.95	19.95	13.20	11.30	8.85	10.24	10.87	10.00
NOPAT to Interest Expense	17.44	15.40	13.31	13.88	14.22	12.98	8.30	6.37	17.83	-2.94	9.26
EBIT Less CapEx to Interest Expense	16.50	16.00	14.26	15.30	17.58	11.25	8.95	7.05	8.67	9.22	8.40
NOPAT Less CapEx to Interest Expense	15.84	12.50	10.15	11.23	11.85	11.03	5.95	4.57	16.26	-4.60	7.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	47.27%	0.00%	0.00%	74.59%	0.00%
Augmented Payout Ratio	97.20%	75.53%	66.49%	33.49%	28.45%	66.41%	116.41%	108.65%	94.08%	146.74%	69.56%

Frequently Asked Questions About Keysight Technologies' Financials

When does Keysight Technologies's financial year end?

According to the most recent income statement we have on file, Keysight Technologies' fiscal year ends in October. Their fiscal year 2024 ended on October 31, 2024.

How has Keysight Technologies' net income changed over the last 9 years?

Keysight Technologies' net income appears to be on an upward trend, with a most recent value of $614 million in 2024, rising from $513 million in 2015. The previous period was $1.06 billion in 2023. Check out Keysight Technologies' forecast to explore projected trends and price targets.

What is Keysight Technologies's operating income?

Keysight Technologies's total operating income in 2024 was $833 million, based on the following breakdown:

Total Gross Profit: $3.13 billion
Total Operating Expenses: $2.30 billion

How has Keysight Technologies revenue changed over the last 9 years?

Over the last 9 years, Keysight Technologies' total revenue changed from $2.86 billion in 2015 to $4.98 billion in 2024, a change of 74.3%.

How much debt does Keysight Technologies have?

Keysight Technologies' total liabilities were at $4.16 billion at the end of 2024, a 3.4% increase from 2023, and a 88.8% increase since 2015.

How much cash does Keysight Technologies have?

In the past 9 years, Keysight Technologies' cash and equivalents has ranged from $483 million in 2015 to $2.47 billion in 2023, and is currently $1.80 billion as of their latest financial filing in 2024.

How has Keysight Technologies' book value per share changed over the last 9 years?

Over the last 9 years, Keysight Technologies' book value per share changed from 7.68 in 2015 to 29.42 in 2024, a change of 282.9%.

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This page (NYSE:KEYS) was last updated on 5/5/2025 by MarketBeat.com Staff

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Keysight Technologies (KEYS) Financials

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Keysight Technologies (KEYS) Financials

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