Fundamental analysis · SEC EDGAR · TTM through 30/04/2026

Fundamental analysis of Keysight Technologies, Inc.

KEYS · NYSE · Industrial

Fundamental quality

ATTRACTIVE

77

out of 100

Keysight Technologies, Inc. runs like a cash machine: it converts about 22.3% of revenue into free cash flow and holds a 17.3% net margin, though it grows at a measured pace. On fundamental quality it scores 77 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +6.9%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Keysight Technologies makes the instruments used to measure and test electronics: oscilloscopes, signal analyzers and simulation software. Every new technology generation — 5G, 6G, faster chips, electric cars — needs its equipment to be born.

What will shape its future

  • Its customers' R&D cycles: it sells more when the industry designs the next generation.
  • Its dominant position in high-end measurement, inherited from Hewlett-Packard.
  • Exposure to semiconductors and telecom, deeply cyclical industries.

Breakdown by area

I.Growth
58

EPS growth: 11.8% · Revenue growth: 6.9%

II.Profitability
79

Net margin: 17.3% · ROE: 16.6% · ROIC: 15.6%

III.Financial health
95

Net debt/EBITDA: 0.1x · FCF: 22.3%

Source: SEC EDGAR · TTM through 30/04/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 79%
ROEbeats 48%
Growthbeats 41%
Cash generationbeats 90%
Less debtbeats 90%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Keysight Technologies, Inc. strengths

  • Excellent free-cash-flow generation (FCF margin of 22.3%): profit turns into real cash.
  • High net margin (17.3%), high even for its sector: the business is clearly profitable.
  • Growing earnings per share (11.8% annualized).
  • Positive free cash flow year after year, a self-funding business.

Keysight Technologies, Inc. risks and weaknesses

  • Its net debt has grown over the period.

Keysight Technologies, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20204,22162789933
20214,9418941,148-261
20225,4201,124959-249
20235,4641,0571,211-678
20244,979614898-6
20255,3758501,281661

Between 2020 and 2025, revenue went from $4,221M to $5,375M (+27%) and net income went from $627M to $850M (+36%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended April 30, 2026, versus the half-year ended April 30, 2025 (SEC filings):

  • Revenue+27.4%
  • Net income+47.9%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Keysight Technologies, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Keysight Technologies, Inc. a good company to invest in?

In terms of business quality, Keysight Technologies, Inc. scores 77 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Keysight Technologies, Inc. a profitable company?

Yes. Keysight Technologies, Inc. shows a net margin of 17.3% and an ROE of 16.6%, a sign of a profitable business.

Does Keysight Technologies, Inc. have a lot of debt?

Not particularly. Its net debt is 0.1 times its EBITDA, a low level.

Is Keysight Technologies, Inc. growing?

Its revenue has grown 6.9% annualized in recent years and its earnings per share 11.8%.

Does Keysight Technologies, Inc. generate cash?

Yes. It converts about 22.3% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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