Keysight Technologies (KEYS) Financials

$355.36 +8.80 (+2.54%)

As of 05/26/2026 03:58 PM 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	2025
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	10/31/2025
Net Income / (Loss) Attributable to Common Shareholders	513	335	102	165	621	627	894	1,124	1,057	614	850
Consolidated Net Income / (Loss)	513	335	102	165	621	627	894	1,124	1,057	614	850
Net Income / (Loss) Continuing Operations	513	335	102	165	621	627	894	1,124	1,057	614	869
Total Pre-Tax Income	388	366	179	-411	715	761	1,010	1,285	1,357	865	1,082
Total Operating Income	431	406	148	-394	711	765	1,080	1,334	1,358	833	876
Total Gross Profit	1,587	1,624	1,697	2,111	2,534	2,533	3,069	3,450	3,532	3,133	3,337
Total Revenue	2,856	2,918	3,189	3,878	4,303	4,221	4,941	5,420	5,464	4,979	5,375
Operating Revenue	2,856	2,918	3,189	3,878	4,303	4,221	4,941	5,420	5,464	4,979	5,375
Total Cost of Revenue	1,269	1,294	1,492	1,767	1,769	1,688	1,872	1,970	1,932	1,846	2,038
Operating Cost of Revenue	1,269	1,294	1,492	1,767	1,769	1,688	1,872	1,970	1,932	1,846	2,038
Total Operating Expenses	1,156	1,218	1,549	2,505	1,823	1,768	1,989	2,116	2,174	2,300	2,461
Selling, General & Admin Expense	787	818	1,058	1,205	1,155	1,097	1,195	1,283	1,307	1,395	1,474
Research & Development Expense	387	425	507	624	688	715	811	841	882	919	1,007
Other Operating Expenses / (Income)	-18	-25	-16	-33	-20	-44	-17	-8.00	-15	-14	-20
Total Other Income / (Expense), net	-43	-40	31	-17	4.00	-4.00	-70	-49	-1.00	32	206
Interest Expense	46	47	80	83	80	78	79	79	78	84	96
Interest & Investment Income	1.00	3.00	7.00	12	23	11	3.00	16	102	81	102
Other Income / (Expense), net	2.00	4.00	104	54	61	63	6.00	14	-25	35	200
Income Tax Expense	-125	31	77	-576	94	134	116	161	300	251	213
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	0.00	0.00	-19
Basic Earnings per Share	$3.04	$1.97	$0.57	$0.88	$3.31	$3.35	$4.84	$6.23	$5.95	$3.53	$4.93
Weighted Average Basic Shares Outstanding	169M	170M	180M	187M	188M	187M	185M	180M	178M	174M	172M
Diluted Earnings per Share	$3.00	$1.95	$0.56	$0.86	$3.25	$3.31	$4.78	$6.18	$5.91	$3.51	$4.91
Weighted Average Diluted Shares Outstanding	171M	172M	182M	191M	191M	189M	187M	182M	179M	175M	173M
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	171.82M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	288	226	172	126	389	-73	169	257	191	233	281
Consolidated Net Income / (Loss)	288	-57	172	126	389	-203	169	257	191	233	281
Net Income / (Loss) Continuing Operations	288	226	172	126	389	-73	169	257	191	252	281
Total Pre-Tax Income	389	276	229	175	213	248	199	320	241	322	198
Total Operating Income	365	317	221	177	205	230	218	207	234	217	248
Total Gross Profit	896	844	813	763	755	802	820	814	834	869	995
Total Revenue	1,382	1,311	1,259	1,216	1,217	1,287	1,298	1,306	1,352	1,419	1,600
Operating Revenue	1,382	1,311	1,259	1,216	1,217	1,287	1,298	1,306	1,352	1,419	1,600
Total Cost of Revenue	486	467	446	453	462	485	478	492	518	550	605
Operating Cost of Revenue	486	467	446	453	462	485	478	492	518	550	605
Total Operating Expenses	531	527	592	586	550	572	602	607	600	652	747
Selling, General & Admin Expense	319	313	362	361	329	343	361	360	354	399	447
Research & Development Expense	215	218	232	228	226	233	249	250	250	258	303
Other Operating Expenses / (Income)	-3.00	-4.00	-2.00	-3.00	-5.00	-4.00	-8.00	-3.00	-4.00	-5.00	-3.00
Total Other Income / (Expense), net	24	-41	8.00	-2.00	8.00	18	-19	113	7.00	105	-50
Interest Expense	19	20	20	20	21	23	20	20	28	28	29
Interest & Investment Income	29	32	23	18	19	21	19	21	31	31	16
Other Income / (Expense), net	14	-53	5.00	0.00	10	20	-18	112	4.00	102	-37
Income Tax Expense	101	50	57	49	-176	321	30	63	50	70	-83
Basic Earnings per Share	$1.62	$1.28	$0.98	$0.73	$2.23	($0.41)	$0.97	$1.49	$1.11	$1.36	$1.64
Weighted Average Basic Shares Outstanding	178M	178M	175M	174M	174M	174M	173M	172M	172M	172M	172M
Diluted Earnings per Share	$1.61	$1.27	$0.98	$0.72	$2.22	($0.41)	$0.97	$1.49	$1.10	$1.35	$1.63
Weighted Average Diluted Shares Outstanding	179M	179M	176M	175M	175M	175M	174M	173M	173M	173M	173M
Weighted Average Basic & Diluted Shares Outstanding	177.57M	175.04M	174.56M	174.54M	173.54M	173.17M	172.81M	172.11M	171.86M	171.82M	171.50M

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	2025
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	10/31/2025
Net Change in Cash & Equivalents	-327	300	35	97	683	167	301	-11	431	-674	76
Net Cash From Operating Activities	376	420	328	555	998	1,016	1,322	1,144	1,408	1,052	1,409
Net Cash From Continuing Operating Activities	376	440	328	555	998	1,016	1,322	1,144	1,408	1,052	1,409
Net Income / (Loss) Continuing Operations	513	335	102	165	621	627	894	1,124	1,057	614	850
Consolidated Net Income / (Loss)	513	335	102	165	621	627	894	1,124	1,057	614	850
Depreciation Expense	99	85	92	103	96	104	117	117	120	126	131
Amortization Expense	0.00	49	142	207	212	222	176	106	92	144	145
Non-Cash Adjustments To Reconcile Net Income	93	80	12	789	106	79	152	194	268	171	97
Changes in Operating Assets and Liabilities, net	-329	-109	-20	-709	-37	-16	-17	-397	-129	-3.00	186
Net Cash From Investing Activities	-671	-90	-1,722	-108	-196	-442	-353	-251	-288	-819	-1,727
Net Cash From Continuing Investing Activities	-671	-90	-1,722	-108	-196	-442	-353	-251	-288	-819	-1,727
Purchase of Property, Plant & Equipment	-92	-91	-72	-132	-120	-117	-174	-185	-197	-154	-128
Acquisitions	-574	-10	-1,702	-5.00	-88	-357	-178	-33	-85	-681	-2,022
Divestitures	-	-	-	-	-	-	-	-	0.00	0.00	399
Sale and/or Maturity of Investments	1.00	1.00	45	0.00	7.00	-	-	-	0.00	11	30
Other Investing Activities, net	0.00	0.00	-1.00	0.00	5.00	32	0.00	0.00	-6.00	5.00	-6.00
Net Cash From Financing Activities	-19	-29	1,425	-341	-122	-413	-671	-861	-687	-913	385
Net Cash From Continuing Financing Activities	-19	-29	1,425	-341	-122	-413	-671	-861	-687	-913	385
Repayment of Debt	0.00	-1.00	-339	-301	-504	-7.00	-4.00	-1.00	-3.00	-646	-10
Repurchase of Common Equity	0.00	-62	0.00	-120	-159	-411	-673	-849	-702	-443	-377
Payment of Dividends	-	-	-	-	-	-	-	0.00	0.00	-458	0.00
Issuance of Debt	0.00	0.00	1,281	40	500	-	-	0.00	0.00	599	748
Issuance of Common Equity	26	43	495	64	67	58	59	63	67	66	63
Other Financing Activities, net	-45	-9.00	-12	-24	-26	-53	-53	-74	-49	-31	-39
Effect of Exchange Rate Changes	-13	-1.00	4.00	-9.00	3.00	6.00	3.00	-43	-2.00	6.00	9.00
Cash Interest Paid	-	-	-	-	76	75	75	75	75	75	77
Cash Income Taxes Paid	-	-	-	-	103	84	130	191	343	146	120

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Change in Cash & Equivalents	74	-100	-723	-91	-25	165	263	1,058	262	-1,507	305
Net Cash From Operating Activities	241	378	328	110	255	359	378	484	322	225	441
Net Cash From Continuing Operating Activities	241	378	328	110	255	359	378	484	322	225	441
Net Income / (Loss) Continuing Operations	288	226	172	126	389	-73	169	257	191	233	281
Consolidated Net Income / (Loss)	288	226	172	126	389	-73	169	257	191	233	281
Depreciation Expense	31	30	30	32	32	32	31	33	33	34	38
Amortization Expense	23	20	38	38	32	36	35	35	34	41	67
Non-Cash Adjustments To Reconcile Net Income	23	45	52	43	37	39	35	64	26	-28	139
Changes in Operating Assets and Liabilities, net	-124	57	36	-129	-235	325	108	95	38	-55	-84
Net Cash From Investing Activities	-45	-38	-511	-120	-150	-38	-33	-33	-31	-1,630	-44
Net Cash From Continuing Investing Activities	-45	-38	-511	-120	-150	-38	-33	-33	-31	-1,630	-44
Purchase of Property, Plant & Equipment	-45	-39	-47	-36	-33	-38	-32	-27	-31	-38	-34
Acquisitions	-	-	-478	-78	-117	-8.00	0.00	-3.00	-	-2,019	-16
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	7.00
Other Investing Activities, net	-	8.00	14	5.00	-	19	-1.00	-3.00	-	-2.00	-1.00
Net Cash From Financing Activities	-119	-428	-548	-73	-132	-160	-74	589	-28	-102	-99
Net Cash From Continuing Financing Activities	-119	-428	-548	-73	-132	-160	-74	589	-28	-102	-99
Repayment of Debt	-	-2.00	-1.00	-28	-11	-606	-1.00	-6.00	-1.00	-2.00	-13
Repurchase of Common Equity	-151	-426	-93	-46	-150	-154	-75	-153	-50	-99	-87
Payment of Dividends	-	-	-458	-	-	-	0.00	-	-	-	0.00
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	0.00
Issuance of Common Equity	34	-	32	1.00	32	1.00	31	-	32	-	32
Other Financing Activities, net	-2.00	-	-28	-	-3.00	-	-29	-	-9.00	-1.00	-31
Effect of Exchange Rate Changes	-3.00	-12	8.00	-8.00	2.00	4.00	-8.00	18	-1.00	-	7.00
Cash Interest Paid	-	38	0.00	38	-	37	0.00	39	-	38	32
Cash Income Taxes Paid	88	75	12	134	-16	16	9.00	35	30	46	18

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	2025
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	10/31/2025
Total Assets	3,508	3,796	5,933	5,824	6,623	7,218	7,781	8,098	8,683	9,269	11,301
Total Current Assets	1,579	1,854	2,177	2,378	3,215	3,374	3,834	4,234	4,809	4,257	4,348
Cash & Equivalents	483	783	818	913	1,598	1,756	2,052	2,042	2,472	1,796	1,873
Accounts Receivable	398	437	547	624	668	606	735	905	900	857	939
Inventories, net	487	474	588	619	705	757	777	858	985	1,022	1,050
Prepaid Expenses	-	-	-	-	-	-	270	429	452	582	486
Plant, Property, & Equipment, net	518	512	530	555	576	595	650	690	761	774	795
Total Noncurrent Assets	1,411	1,430	3,226	2,891	2,832	3,249	3,297	3,174	3,113	4,238	6,158
Long-Term Investments	70	55	63	46	46	61	70	62	81	110	211
Goodwill	700	736	1,882	1,171	1,209	1,537	1,628	1,582	1,640	2,388	3,424
Intangible Assets	246	208	855	645	490	361	272	189	155	607	1,304
Noncurrent Deferred & Refundable Income Taxes	295	392	186	750	755	740	711	667	671	378	373
Other Noncurrent Operating Assets	100	39	240	279	332	550	616	674	566	755	846
Total Liabilities & Shareholders' Equity	3,508	3,796	5,933	5,824	6,623	7,218	7,781	8,098	8,683	9,269	11,301
Total Liabilities	2,206	2,283	3,623	3,391	3,619	3,921	3,997	3,937	4,029	4,164	5,420
Total Current Liabilities	686	644	819	1,462	1,003	1,081	1,309	1,407	2,049	1,427	1,850
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	355
Current Deferred Revenue	175	180	291	334	334	391	478	495	541	561	652
Current Deferred & Payable Income Tax Liabilities	50	41	28	42	55	64	74	96	90	90	207
Current Employee Benefit Liabilities	168	183	217	276	278	289	355	333	304	295	399
Other Current Liabilities	84	51	62	69	83	113	115	135	229	168	237
Total Noncurrent Liabilities	1,520	1,639	2,804	1,929	2,616	2,840	2,688	2,530	1,980	2,737	3,570
Long-Term Debt	1,099	1,093	2,038	1,291	1,788	1,789	1,791	1,793	1,195	1,790	2,534
Noncurrent Deferred Revenue	61	72	101	127	176	175	187	197	216	206	232
Noncurrent Employee Benefit Liabilities	280	405	309	224	357	362	167	58	64	81	75
Other Noncurrent Operating Liabilities	80	69	356	287	295	514	543	482	505	660	729
Total Equity & Noncontrolling Interests	1,302	1,513	2,310	2,433	3,004	3,297	3,784	4,161	4,654	5,105	5,881
Total Preferred & Common Equity	1,302	1,513	2,310	2,433	3,004	3,297	3,784	4,161	4,654	5,105	5,881
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	1,302	1,513	2,310	2,433	3,004	3,297	3,784	4,161	4,654	5,105	5,881
Common Stock	1,167	1,244	1,788	1,891	2,015	2,112	2,221	2,335	2,489	2,666	2,853
Retained Earnings	614	949	1,041	1,212	1,909	2,536	3,430	4,554	5,611	6,225	7,075
Treasury Stock	0.00	-62	-62	-182	-342	-752	-1,425	-2,274	-2,980	-	-3,799
Accumulated Other Comprehensive Income / (Loss)	-479	-618	-457	-488	-578	-599	-442	-454	-466	-364	-248
Other Equity Adjustments	-	-	-	0.00	-	0.00	-	-	-	-3,422	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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	1/31/2026
Total Assets	8,708	8,826	8,683	9,060	8,988	9,323	9,269	9,387	10,535	10,651	11,481
Total Current Assets	4,764	4,902	4,809	4,076	3,968	3,996	4,257	4,456	5,466	5,604	4,701
Cash & Equivalents	2,498	2,572	2,472	1,745	1,657	1,632	1,796	2,060	3,118	2,636	2,178
Accounts Receivable	864	893	900	808	809	802	857	797	744	692	914
Inventories, net	948	975	985	1,024	1,020	1,026	1,022	1,039	1,026	1,021	1,048
Prepaid Expenses	454	462	452	499	482	536	582	560	578	1,255	561
Plant, Property, & Equipment, net	746	754	761	771	769	776	774	764	769	766	757
Total Noncurrent Assets	3,198	3,170	3,113	4,213	4,251	4,551	4,238	4,167	4,300	4,281	6,023
Long-Term Investments	82	96	81	90	102	107	110	147	138	157	147
Goodwill	1,661	1,655	1,640	2,254	2,282	2,391	2,388	2,354	2,433	2,429	3,474
Intangible Assets	198	175	155	616	609	637	607	556	556	524	1,251
Noncurrent Deferred & Refundable Income Taxes	669	656	671	662	668	678	378	365	379	392	330
Other Noncurrent Operating Assets	588	588	566	591	590	738	755	745	794	779	821
Total Liabilities & Shareholders' Equity	8,708	8,826	8,683	9,060	8,988	9,323	9,269	9,387	10,535	10,651	11,481
Total Liabilities	4,003	3,929	4,029	4,243	4,085	4,093	4,164	4,200	5,058	4,981	5,276
Total Current Liabilities	1,422	1,338	2,049	2,116	1,994	1,949	1,427	1,509	1,614	1,560	1,805
Short-Term Debt	-	-	599	609	600	600	0.00	0.00	0.00	0.00	0.00
Accounts Payable	302	289	286	281	268	280	313	289	317	342	334
Current Deferred Revenue	568	518	541	592	578	537	561	594	612	557	729
Current Deferred & Payable Income Tax Liabilities	80	81	90	146	62	85	90	131	175	144	196
Current Employee Benefit Liabilities	317	264	304	261	309	262	295	253	319	290	329
Other Current Liabilities	155	186	229	227	177	185	168	242	191	227	217
Total Noncurrent Liabilities	2,581	2,591	1,980	2,127	2,091	2,144	2,737	2,691	3,444	3,421	3,471
Long-Term Debt	1,793	1,794	1,195	1,208	1,195	1,196	1,790	1,790	2,532	2,533	2,534
Noncurrent Deferred Revenue	222	229	216	213	211	207	206	209	218	208	237
Noncurrent Employee Benefit Liabilities	62	62	64	67	68	71	81	79	82	84	75
Other Noncurrent Operating Liabilities	504	506	505	639	617	670	660	613	612	596	625
Total Equity & Noncontrolling Interests	4,705	4,897	4,654	4,817	4,903	5,230	5,105	5,187	5,477	5,670	6,205
Total Preferred & Common Equity	4,705	4,897	4,654	4,817	4,903	5,230	5,105	5,187	5,477	5,670	6,205
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	4,705	4,897	4,654	4,817	4,903	5,230	5,105	5,187	5,477	5,670	6,205
Common Stock	2,406	2,464	2,489	2,549	2,582	2,639	2,666	2,733	2,767	2,821	2,934
Retained Earnings	5,097	5,385	5,611	5,783	5,909	6,298	6,225	6,394	6,651	6,842	7,356
Treasury Stock	-2,399	-2,550	-2,980	-3,073	-3,119	-3,270	-3,422	-3,497	-3,648	-3,698	-3,886
Accumulated Other Comprehensive Income / (Loss)	-399	-402	-466	-442	-469	-437	-364	-443	-293	-295	-199
Other Equity Adjustments	0.00	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	2025
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	10/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.63%	2.17%	9.29%	21.61%	10.96%	-1.91%	17.06%	9.69%	0.81%	-8.88%	7.95%
EBITDA Growth	-5.34%	2.26%	-10.66%	-106.17%	3,700.00%	6.85%	19.50%	13.92%	-1.66%	-26.34%	18.80%
EBIT Growth	-9.41%	-5.31%	-38.54%	-234.92%	327.06%	7.25%	31.16%	24.13%	-1.11%	-34.88%	23.96%
NOPAT Growth	47.23%	-34.79%	-77.31%	-427.03%	323.90%	2.07%	51.67%	22.06%	-9.35%	-44.10%	18.99%
Net Income Growth	30.87%	-34.70%	-69.55%	61.76%	276.36%	0.97%	42.58%	25.73%	-5.96%	-41.91%	38.44%
EPS Growth	27.66%	-35.00%	-71.28%	53.57%	277.91%	1.85%	44.41%	29.29%	-4.37%	-40.61%	39.89%
Operating Cash Flow Growth	-33.21%	11.70%	-21.90%	69.21%	79.82%	1.80%	30.12%	-13.46%	23.08%	-25.28%	33.94%
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%	-27.00%
Invested Capital Growth	85.73%	-4.33%	96.66%	-6.13%	-3.55%	3.84%	5.63%	11.50%	1.17%	28.09%	26.90%
Revenue Q/Q Growth	-0.42%	0.03%	4.15%	4.56%	1.73%	2.43%	1.52%	2.83%	-2.36%	-0.48%	2.52%
EBITDA Q/Q Growth	-3.45%	0.00%	-3.95%	-105.15%	268.60%	7.05%	3.06%	1.29%	-7.15%	0.35%	5.96%
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%	6.85%
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%	46.64%
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%	56.25%
EPS Q/Q Growth	50.75%	-35.64%	-58.21%	-30.08%	100.62%	4.09%	8.14%	2.49%	-6.19%	-32.37%	55.87%
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%	-8.68%
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%	-278.95%
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%	17.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.57%	55.65%	53.21%	54.44%	58.89%	60.01%	62.11%	63.65%	64.64%	62.92%	62.08%
EBITDA Margin	18.63%	18.64%	15.24%	-0.77%	25.10%	27.34%	27.91%	28.99%	28.28%	22.86%	25.15%
Operating Margin	15.09%	13.91%	4.64%	-10.16%	16.52%	18.12%	21.86%	24.61%	24.85%	16.73%	16.30%
EBIT Margin	15.16%	14.05%	7.90%	-8.77%	17.94%	19.62%	21.98%	24.87%	24.40%	17.43%	20.02%
Profit (Net Income) Margin	17.96%	11.48%	3.20%	4.25%	14.43%	14.85%	18.09%	20.74%	19.34%	12.33%	15.81%
Tax Burden Percent	132.22%	91.53%	56.98%	-40.15%	86.85%	82.39%	88.51%	87.47%	77.89%	70.98%	78.56%
Interest Burden Percent	89.61%	89.27%	71.03%	120.88%	92.62%	91.91%	93.00%	95.33%	101.80%	99.65%	100.56%
Effective Tax Rate	-32.22%	8.47%	43.02%	0.00%	13.15%	17.61%	11.49%	12.53%	22.11%	29.02%	19.69%
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%	12.43%
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%	100.12%
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%	3.04%
Return on Equity (ROE)	49.54%	23.80%	5.34%	6.96%	22.84%	19.90%	25.25%	28.29%	23.98%	12.58%	15.47%
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%	-11.28%
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%	10.46%
Return on Assets (ROA)	15.65%	9.17%	2.10%	2.81%	9.98%	9.06%	11.92%	14.16%	12.60%	6.84%	8.26%
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%	15.47%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	570	372	84	-276	618	630	956	1,167	1,058	591	704
NOPAT Margin	19.95%	12.74%	2.64%	-7.11%	14.35%	14.93%	19.35%	21.53%	19.36%	11.88%	13.09%
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%	-87.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	19.60%	16.40%	8.58%	8.36%
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%	37.92%
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%	27.42%
R&D to Revenue	13.55%	14.56%	15.90%	16.09%	15.99%	16.94%	16.41%	15.52%	16.14%	18.46%	18.73%
Operating Expenses to Revenue	40.48%	41.74%	48.57%	64.60%	42.37%	41.89%	40.26%	39.04%	39.79%	46.19%	45.79%
Earnings before Interest and Taxes (EBIT)	433	410	252	-340	772	828	1,086	1,348	1,333	868	1,076
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	532	544	486	-30	1,080	1,154	1,379	1,571	1,545	1,138	1,352
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	5.35
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	27.27
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	5.85
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	36.99
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	9.15%	6.01%	1.23%	1.54%	3.28%	3.19%	2.70%	3.61%	4.88%	2.37%	2.70%
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	5.04
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	5.93
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	23.59
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	29.64
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	45.33
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	22.64
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	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	0.43
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	0.43
Financial Leverage	0.37	0.28	0.37	0.42	0.18	0.02	-0.05	-0.08	-0.12	-0.09	0.03
Leverage Ratio	3.17	2.59	2.54	2.48	2.29	2.20	2.12	2.00	1.90	1.84	1.87
Compound Leverage Factor	2.84	2.32	1.81	3.00	2.12	2.02	1.97	1.91	1.94	1.83	1.88
Debt to Total Capital	45.77%	41.94%	46.99%	42.39%	37.31%	35.18%	32.13%	30.11%	27.82%	25.96%	30.11%
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%	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%	30.11%
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	54.23%	58.06%	53.01%	57.61%	62.69%	64.83%	67.87%	69.89%	72.18%	74.04%	69.89%
Debt to EBITDA	2.07	2.01	4.21	-59.67	1.66	1.55	1.30	1.14	1.16	1.57	1.87
Net Debt to EBITDA	1.03	0.47	2.40	-27.70	0.13	-0.02	-0.24	-0.20	-0.49	-0.10	0.33
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	1.87
Debt to NOPAT	1.93	2.94	24.28	-6.49	2.90	2.84	1.87	1.54	1.70	3.03	3.60
Net Debt to NOPAT	0.96	0.69	13.84	-3.01	0.23	-0.04	-0.35	-0.27	-0.72	-0.20	0.64
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	3.60
Altman Z-Score	3.30	3.32	2.57	2.85	4.98	4.84	7.08	7.17	5.65	5.88	5.41
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	2.30	2.88	2.66	1.63	3.21	3.12	2.93	3.01	2.35	2.98	2.35
Quick Ratio	1.28	1.89	1.67	1.05	2.26	2.19	2.13	2.09	1.65	1.86	1.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-283	452	-1,625	-63	734	509	772	770	1,013	-503	-638
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%	1,100.78%
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	-6.65
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	14.68
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	13.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.87	0.80	0.66	0.66	0.69	0.61	0.66	0.68	0.65	0.55	0.52
Accounts Receivable Turnover	7.34	6.99	6.48	6.62	6.66	6.63	7.37	6.61	6.05	5.67	5.99
Inventory Turnover	2.58	2.69	2.81	2.93	2.67	2.31	2.44	2.41	2.10	1.84	1.97
Fixed Asset Turnover	5.78	5.67	6.12	7.15	7.61	7.21	7.94	8.09	7.53	6.49	6.85
Accounts Payable Turnover	5.01	6.50	7.46	7.80	7.15	7.08	7.33	6.20	6.09	6.16	6.10
Days Sales Outstanding (DSO)	49.71	52.22	56.31	55.11	54.80	55.08	49.53	55.22	60.29	64.40	60.98
Days Inventory Outstanding (DIO)	141.66	135.54	129.90	124.66	136.59	158.07	149.55	151.47	174.09	198.42	185.54
Days Payable Outstanding (DPO)	72.91	56.13	48.93	46.79	51.07	51.57	49.82	58.83	59.89	59.22	59.82
Cash Conversion Cycle (CCC)	118.46	131.63	137.29	132.98	140.32	161.58	149.26	147.86	174.49	203.60	186.71
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	6,331
Invested Capital Turnover	2.01	1.61	1.22	1.15	1.34	1.32	1.47	1.48	1.41	1.12	0.95
Increase / (Decrease) in Invested Capital	853	-80	1,709	-213	-116	121	184	397	45	1,094	1,342
Enterprise Value (EV)	6,152	5,829	9,476	11,529	19,072	19,597	32,828	30,826	20,914	25,744	31,893
Market Capitalization	5,606	5,574	8,309	10,698	18,928	19,625	33,159	31,137	21,673	25,860	31,443
Book Value per Share	$7.68	$8.90	$12.42	$12.98	$16.01	$17.62	$20.54	$23.27	$26.21	$29.42	$34.22
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	$6.71
Total Capital	2,401	2,606	4,358	4,223	4,792	5,086	5,575	5,954	6,448	6,895	8,415
Total Debt	1,099	1,093	2,048	1,790	1,788	1,789	1,791	1,793	1,794	1,790	2,534
Total Long-Term Debt	1,099	1,093	2,038	1,291	1,788	1,789	1,791	1,793	1,195	1,790	2,534
Net Debt	546	255	1,167	831	144	-28	-331	-311	-759	-116	450
Capital Expenditures (CapEx)	91	81	64	103	120	117	174	185	197	154	128
Debt-free, Cash-free Net Working Capital (DFCFNWC)	410	427	550	502	614	537	473	785	887	1,034	625
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	2,498
Net Working Capital (NWC)	893	1,210	1,358	916	2,212	2,293	2,525	2,827	2,760	2,830	2,498
Net Nonoperating Expense (NNE)	57	37	-18	-441	-3.47	3.30	62	43	0.78	-23	-146
Net Nonoperating Obligations (NNO)	546	255	1,167	831	144	-28	-331	-311	-759	-116	450
Total Depreciation and Amortization (D&A)	99	134	234	310	308	326	293	223	212	270	276
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%	11.63%
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%	46.47%
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%	46.47%
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	$4.93
Adjusted Weighted Average Basic Shares Outstanding	0.00	170M	180M	187M	188M	187M	185M	180M	178M	174M	172M
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	$4.91
Adjusted Weighted Average Diluted Shares Outstanding	0.00	172M	182M	191M	191M	189M	187M	182M	179M	175M	173M
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	0.00	171.45M	187.28M	187.64M	188.45M	186.09M	183.04M	178.80M	175.04M	173.17M	171.82M
Normalized Net Operating Profit after Tax (NOPAT)	302	372	84	221	618	630	956	1,167	1,058	591	704
Normalized NOPAT Margin	10.56%	12.74%	2.64%	5.69%	14.35%	14.93%	19.35%	21.53%	19.36%	11.88%	13.09%
Pre Tax Income Margin	13.59%	12.54%	5.61%	-10.60%	16.62%	18.03%	20.44%	23.71%	24.84%	17.37%	20.13%
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	11.21
NOPAT to Interest Expense	12.39	7.91	1.05	-3.32	7.72	8.08	12.10	14.77	13.56	7.04	7.33
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	9.88
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	6.00
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%	0.00%
Augmented Payout Ratio	0.00%	18.51%	0.00%	72.73%	25.60%	65.55%	75.28%	75.53%	66.41%	146.74%	44.35%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	171,817,127.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	171,817,127.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.64
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	270	260	166	127	374	-68	185	166	185	170	352
Return On Investment Capital (ROIC_SIMPLE)	-	4.03%	2.50%	-	-	-0.98%	2.65%	2.08%	2.26%	2.02%	4.03%
Earnings before Interest and Taxes (EBIT)	379	264	226	177	215	250	200	319	238	319	211
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	433	314	294	247	279	318	266	387	305	394	316
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	39	215	-739	-894	-890	-1,162	214	352	62	-1,172	-1,292
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,023	3,895	4,799	4,939	5,287	4,989	4,770	4,753	5,410	6,331	6,414
Increase / (Decrease) in Invested Capital	231	45	905	1,021	1,264	1,094	-29	-186	123	1,342	1,644
Book Value per Share	$27.45	$26.21	$27.53	$28.09	$29.96	$29.42	$29.95	$31.69	$32.94	$34.22	$36.11
Tangible Book Value per Share	$17.19	$16.10	$11.13	$11.53	$12.62	$12.16	$13.15	$14.40	$15.79	$6.71	$8.61
Total Capital	6,691	6,448	6,634	6,698	7,026	6,895	6,977	8,009	8,203	8,415	8,739
Total Debt	1,794	1,794	1,817	1,795	1,796	1,790	1,790	2,532	2,533	2,534	2,534
Total Long-Term Debt	1,794	1,195	1,208	1,195	1,196	1,790	1,790	2,532	2,533	2,534	2,534
Net Debt	-874	-759	-18	36	57	-116	-417	-724	-260	450	209
Capital Expenditures (CapEx)	45	39	47	36	33	38	32	27	31	38	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	992	887	824	917	1,015	1,034	887	734	1,408	625	718
Debt-free Net Working Capital (DFNWC)	3,564	3,359	2,569	2,574	2,647	2,830	2,947	3,852	4,044	2,498	2,896
Net Working Capital (NWC)	3,564	2,760	1,960	1,974	2,047	2,830	2,947	3,852	4,044	2,498	2,896
Net Nonoperating Expense (NNE)	-18	317	-6.01	-125	-15	135	16	-91	-5.55	-63	71
Net Nonoperating Obligations (NNO)	-874	-759	-18	36	57	-116	-417	-724	-260	450	209
Total Depreciation and Amortization (D&A)	54	50	68	70	64	68	66	68	67	75	105
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.62	$1.28	$0.98	$0.73	$2.23	($0.41)	$0.97	$1.49	$1.11	$1.36	$1.64
Adjusted Weighted Average Basic Shares Outstanding	178M	178M	175M	174M	174M	174M	173M	172M	172M	172M	172M
Adjusted Diluted Earnings per Share	$1.61	$1.27	$0.98	$0.72	$2.22	($0.41)	$0.97	$1.49	$1.10	$1.35	$1.63
Adjusted Weighted Average Diluted Shares Outstanding	179M	179M	176M	175M	175M	175M	174M	173M	173M	173M	173M
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	177.57M	175.04M	174.56M	174.54M	173.54M	173.17M	172.81M	172.11M	171.86M	171.82M	171.50M
Normalized Net Operating Profit after Tax (NOPAT)	270	260	166	127	144	161	185	166	185	170	174
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

KEYS: 10 key takeaways from KEYS’ last four years of quarterly results

Revenue growth: KEYS’ quarterly revenue has trended higher in 2025 versus 2024, with Q4 2025 revenue of 1.419 billion vs Q4 2024 at 1.287 billion.
Gross margin stability: The company has maintained healthy gross margins in the 61–63% range in 2025, e.g., Q4 2025 gross profit of 869M on 1.419B revenue (about 61%).
Operating profitability strength: Q3 2025 delivered a strong operating margin near 28% (234M operating income on 834M gross profit), continuing a positive profitability trend through 2025.
Robust cash flow from operations: 2025 quarters show solid operating cash flow, including 484M in Q2 2025 and 225M in Q4 2025 from continuing operations.
Earnings power and EPS momentum: Diluted earnings per share reached about 1.49 in Q2 2025 and 1.35 in Q4 2025, reflecting earnings momentum.
Capital returns via share buybacks: KEYS executed notable share repurchases in 2025 (roughly $153M in Q2, $50M in Q3, and $99M in Q4), supporting per-share metrics.
M&A activity: A large acquisition in Q4 2025 (~$2.02B) signals inorganic growth but depresses near-term liquidity and cash balance.
Capex profile: Capital expenditures are modest, with quarterly PPE outlays typically in the $27–38M range (e.g., Q4 2025 PPE outflow of $38M).
Debt and leverage: Long-term debt rose to about $2.793B by Q4 2025, indicating higher leverage after recent activity.
Near-term cash drain from investments: Investing activities included a substantial outflow in Q4 2025 (acquisitions and related spending), contributing to a net cash decrease of about $1.507B for the quarter.

05/27/26 02:37 AM ETAI Generated. May Contain Errors.

Keysight Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Keysight Technologies' financial year ends in October. Their financial year 2025 ended on October 31, 2025.

Keysight Technologies' net income appears to be on an upward trend, with a most recent value of $850 million in 2025, rising from $513 million in 2015. The previous period was $614 million in 2024. View Keysight Technologies' forecast to see where analysts expect Keysight Technologies to go next.

Keysight Technologies' total operating income in 2025 was $876 million, based on the following breakdown:

Total Gross Profit: $3.34 billion
Total Operating Expenses: $2.46 billion

Over the last 10 years, Keysight Technologies' total revenue changed from $2.86 billion in 2015 to $5.38 billion in 2025, a change of 88.2%.

Keysight Technologies' total liabilities were at $5.42 billion at the end of 2025, a 30.2% increase from 2024, and a 145.7% increase since 2015.

In the past 10 years, Keysight Technologies' cash and equivalents has ranged from $483 million in 2015 to $2.47 billion in 2023, and is currently $1.87 billion as of their latest financial filing in 2025.

Over the last 10 years, Keysight Technologies' book value per share changed from 7.68 in 2015 to 34.22 in 2025, a change of 345.4%.

Related Companies

Financial statements for NYSE:KEYS last updated on 3/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Keysight Technologies (KEYS) Financials

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Keysight Technologies (KEYS) Financials

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