A Business at a Glance
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PART I Keysight Technologies, Inc. (“we,” “us,” “our,” “Keysight” or “the company”), incorporated in Delaware on December 6, 2013, is a global innovator in the computing, communications and electronics markets, committed to advancing our customers’ business success by helping them solve critical challenges in the development and commercialization of their products and services. Our mission, “accelerating innovation to connect and secure the world,” speaks to the value we provide our customers in a world of ever-increasing technological complexity. We deliver this value through a broad range of design and test solutions that enable our customers to bring their innovations to market on ever-shorter schedules. Keysight’s portfolio of hardware, software, and services enables our customers’ workflows as they design, validate, manufacture, deploy, and optimize their products and solutions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.7B | 5.4B | 5.0B | 5.5B | 5.4B | 4.9B |
| Net Income | 962M | 850M | 614M | 1.1B | 1.1B | 894M |
| EPS | $5.57 | $4.91 | $3.51 | $5.91 | $6.18 | $4.78 |
| Free Cash Flow | 1.3B | 1.3B | 898M | 1.2B | 959M | 1.1B |
| ROIC | 18.7% | 17.1% | 16.7% | 45.3% | 55.7% | 56.1% |
| Gross Margin | 61.9% | 62.1% | 62.9% | 64.6% | 63.7% | 62.1% |
| Debt/Equity | 0.41 | 0.47 | 0.40 | 0.56 | 0.48 | 0.53 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 906M | 876M | 833M | 1.4B | 1.3B | 1.1B |
| Operating Margin | 16.0% | 16.3% | 16.7% | 24.9% | 24.6% | 21.9% |
| ROE | 15.5% | 15.5% | 12.0% | 22.7% | 27.0% | 23.6% |
| Shares Outstanding | 172M | 173M | 175M | 179M | 182M | 187M |
Keysight Technologies, Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
Keysight Technologies, Inc. trades at 67.4x trailing earnings, compared to its 15-year median P/E of 33.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 44.4x vs a median of 24.8x. The company's 5-year average ROIC is 38.2% with a gross margin of 63.1%. Total shareholder yield (buybacks) is 0.7%. At current prices, the estimated annualized return to fair value is +12.3%.
Keysight Technologies, Inc. (KEYS) has a current P/E ratio of 67.4, compared to its historical median P/E of 33.1. The stock is currently considered Expensive based on its historical valuation range.
Keysight Technologies, Inc. (KEYS) has a 5-year average return on invested capital (ROIC) of 38.2%. This indicates strong capital allocation and a potential competitive advantage.
Keysight Technologies, Inc. (KEYS) has a market capitalization of $56.8B. It is classified as a large-cap stock.
Keysight Technologies, Inc. (KEYS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.69%.
Based on historical P/E analysis, Keysight Technologies, Inc. (KEYS) appears expensive. The current P/E of 67.4 is 104% above its historical median of 33.1. The estimated fair value CAGR (P/E method) is 16.6%.
Keysight Technologies, Inc. (KEYS) operates in the Industrial Instruments For Measurement, Display, And Control industry, within the Technology sector.
Keysight Technologies, Inc. (KEYS) reported annual revenue of $5.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Keysight Technologies, Inc. (KEYS) has a net profit margin of 15.8%. This is a healthy margin.
Keysight Technologies, Inc. (KEYS) generated $1.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Keysight Technologies, Inc. (KEYS) has a debt-to-equity ratio of 0.47. This indicates a conservatively financed balance sheet.
Keysight Technologies, Inc. (KEYS) reported earnings per share (EPS) of $4.91 in its most recent fiscal year.
Keysight Technologies, Inc. (KEYS) has a return on equity (ROE) of 15.5%. This indicates the company generates strong returns for shareholders.
Keysight Technologies, Inc. (KEYS) has a 5-year average gross margin of 63.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 13 years of financial data for Keysight Technologies, Inc. (KEYS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Keysight Technologies, Inc. (KEYS) has a book value per share of $33.97, based on its most recent annual SEC filing.