NYSE · Financial Statements

Keysight Technologies Inc. (KEYS) Financial Statements

$314.76 NYSE: KEYS Market Cap $53.59B

Keysight Technologies Inc. most recently reported annual revenue of $5.4B, net profit of $846.0M. Revenue grew at an average annual rate of 5.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Keysight Technologies Inc.: Revenue rose from $2.9B in 2016 to $5.4B in 2025, a change of +84.2% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 13.9% to 17.6%, a shift of +3.7 percentage points; the most recent year shows net profit of $846.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.9B$3.2B$3.9B$4.3B$4.2B$4.9B$5.4B$5.5B$5.0B$5.4B
Operating Expenses$2.5B$3.0B$4.3B$3.6B$3.5B$3.9B$4.1B$4.1B$4.1B$4.4B
Operating Profit$406.0M$148.0M$-394.0M$711.0M$765.0M$1.1B$1.3B$1.4B$833.0M$948.0M
Operating Margin13.9%4.6%-10.2%16.5%18.1%21.9%24.6%24.9%16.7%17.6%
Other Income$-40.0M$31.0M$-17.0M$4.0M$-4.0M$-70.0M$-49.0M$-1.0M$32.0M$134.0M
Interest$47.0M$80.0M$83.0M$80.0M$78.0M$79.0M$79.0M$78.0M$84.0M$96.0M
Depreciation$134.0M$225.0M$310.0M$308.0M$326.0M$293.0M$223.0M$212.0M$270.0M$275.0M
Profit Before Tax$366.0M$179.0M$-411.0M$715.0M$761.0M$1.0B$1.3B$1.4B$865.0M$1.1B
Tax$8.5M$43.0M$140.2M$13.2M$17.6M$11.5M$12.5M$22.1M$29.0M$19.7M
Net Profit$335.0M$102.0M$165.0M$621.0M$627.0M$894.0M$1.1B$1.1B$614.0M$846.0M
EPS$1.95$0.56$0.86$3.25$3.32$4.78$6.18$5.91$3.51$4.88
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.4B$1.3B$1.3B$1.2B$1.2B$1.3B$1.3B$1.3B$1.4B$1.4B$1.6B$1.7B
Operating Expenses$1.0B$994.0M$1.0B$1.0B$1.0B$1.1B$1.1B$1.1B$1.1B$1.2B$1.4B$1.3B
Operating Profit$365.0M$317.0M$221.0M$177.0M$205.0M$230.0M$218.0M$207.0M$234.0M$217.0M$248.0M$407.0M
Operating Margin26.4%24.2%17.6%14.6%16.8%17.9%16.8%15.8%17.3%15.3%15.5%23.7%
Interest$19.0M$20.0M$20.0M$20.0M$21.0M$23.0M$20.0M$20.0M$28.0M$28.0M$29.0M$25.0M
Profit Before Tax$389.0M$276.0M$229.0M$175.0M$213.0M$248.0M$199.0M$320.0M$241.0M$322.0M$198.0M$418.0M
Tax$26.0M$18.1M$24.9M$28.0M$-82.6M$129.4M$15.1M$19.7M$20.8M$21.7M$-41.9M$16.5M
Net Profit$288.0M$226.0M$172.0M$126.0M$389.0M$-73.0M$169.0M$257.0M$191.0M$229.0M$281.0M$349.0M
EPS$1.61$1.28$0.98$0.72$2.22$-0.42$0.97$1.49$1.10$1.32$1.63$2.02

Over the 10 years reported for Keysight Technologies Inc., borrowings increased from $1.1B in 2016 to $3.0B in 2025, cash stood at $1.9B in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 2.35 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$3.8B$5.9B$5.8B$6.6B$7.2B$7.8B$8.1B$8.7B$9.3B$11.3B
Current Assets$1.9B$2.2B$2.4B$3.2B$3.4B$3.8B$4.2B$4.8B$4.3B$4.3B
Cash$783.0M$818.0M$913.0M$1.6B$1.8B$2.1B$2.0B$2.5B$1.8B$1.9B
Inventory$474.0M$588.0M$619.0M$705.0M$757.0M$777.0M$858.0M$985.0M$1.0B$1.1B
Receivables$437.0M$547.0M$624.0M$668.0M$606.0M$735.0M$905.0M$944.0M$995.0M$939.0M
Fixed Assets$512.0M$530.0M$555.0M$576.0M$777.0M$877.0M$910.0M$987.0M$1.0B$1.0B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$55.0M$63.0M$46.0M$46.0M$61.0M$70.0M$62.0M$81.0M$110.0M$211.0M
Other Assets$736.0M$1.9B$1.2B$1.2B$1.5B$1.6B$1.6B$1.6B$2.4B$3.4B
Total Liabilities$2.3B$3.6B$3.4B$3.6B$3.9B$4.0B$3.9B$4.0B$4.2B$5.4B
Current Liabilities$644.0M$819.0M$1.5B$1.0B$1.1B$1.3B$1.4B$2.0B$1.4B$1.9B
Borrowings$1.1B$2.0B$1.8B$1.8B$2.0B$2.0B$2.0B$2.0B$2.0B$3.0B
Other Liabilities$1.2B$1.6B$1.6B$1.8B$1.9B$2.0B$1.9B$2.0B$2.1B$2.4B
Equity$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Reserves$1.5B$2.3B$2.4B$3.0B$3.3B$3.8B$4.2B$4.7B$5.1B$5.9B

For Keysight Technologies Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.3B; free cash flow was positive in 10 of 10 years; financing activities used $418.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$416.0M$313.0M$555.0M$998.0M$1.0B$1.3B$1.1B$1.4B$1.1B$1.4B
Investing Cash Flow$-181.0M$-1.8B$-248.0M$-316.0M$-559.0M$-527.0M$-436.0M$-484.0M$-973.0M$-1.9B
Financing Cash Flow$-67.0M$494.0M$-139.0M$-185.0M$-464.0M$-730.0M$-924.0M$-754.0M$-954.0M$-418.0M
Net Cash Flow$300.0M$35.0M$95.0M$683.0M$167.0M$301.0M$-11.0M$431.0M$-674.0M$76.0M
Free Cash Flow$325.0M$241.0M$423.0M$878.0M$899.0M$1.1B$959.0M$1.2B$898.0M$1.3B

Valuation & Return Ratios

MetricValue
PEG Ratio0.41
EV / EBITDA38.43
FCF Yield2.23%
Quick Ratio1.62
Interest Coverage12.34
Return 1Y82.40%
Return 3Y151.24%
Return 5Y138.39%

Keysight Technologies Inc. (KEYS) financials — frequently asked questions

What is Keysight Technologies Inc.'s annual revenue?

Keysight Technologies Inc. (KEYS) reported annual revenue of $5.4B in its most recent fiscal year.

What is Keysight Technologies Inc.'s net profit?

Keysight Technologies Inc. (KEYS) reported net profit of $846.0M in its most recent fiscal year.

What is KEYS EV/EBITDA?

Keysight Technologies Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 38.43.

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