Keysight Technologies KEYS Ratios & Valuation
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 63.7%+1.8pp | 61.9%-0.2pp | 62.1%-0.3pp | 62.4%-0.1pp | 62.5%-0.1pp | |
| Operating margin | 18.2%+2.2pp | 16%-0.3pp | 16.3%-0.7pp | 17%+0.1pp | 16.8%+0.3pp | |
| Net margin | 17.3%+0.4pp | 16.9%+1.1pp | 15.8%— | —— | —— | |
| EBITDA margin | 20.5%+2.1pp | 18.4%-0.3pp | 18.7%-0.7pp | 19.4%+0.1pp | 19.3%+0.3pp | |
| Free cash flow margin | 22.3%-1.3pp | 23.6%-0.2pp | 23.8%-3.2pp | 27%+0.6pp | 26.4%+7.2pp | |
| Returns | ||||||
| Return on equity | 17.9%+1.0pp | 16.9%+1.4pp | 15.5%— | —— | —— | |
| Return on assets | 9.5%+0.2pp | 9.2%+1.0pp | 8.3%— | —— | —— | |
| Return on invested capital | 17.1%+3.3pp | 13.8%+2.2pp | 11.6%+2.6pp | 9%-3.5pp | 12.6%+0.7pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Inventory turnover | 2.1×+0.1× | 2.1×+0.1× | 2×0.0× | 1.9×+0.1× | 1.9×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.9×-0.7× | 2.6×+0.3× | 2.4×-1.2× | 3.6×+0.2× | 3.4×+0.4× | |
| Quick ratio | 1.5×-0.5× | 2×+0.2× | 1.8×-1.2× | 2.9×+0.2× | 2.8×+0.5× | |
| Cash ratio | 0.9×-0.3× | 1.2×+0.2× | 1×-1.2× | 2.2×+0.2× | 1.9×+0.6× | |
| Leverage | ||||||
| Debt-to-equity | 0.4×0.0× | 0.4×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×+0.1× | |
| Debt-to-assets | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 0.3×-0.3× | 0.6×-0.3× | 0.9×+1.5× | -0.6×-0.2× | -0.4×-0.3× | |
| Interest coverage | 10.1×+1.4× | 8.6×-0.5× | 9.1×-0.6× | 9.8×-0.5× | 10.2×+0.4× | |
| Per Share | ||||||
| Book value per share | $36.60+2.0% | $35.87+5.5% | $33.99+3.7% | $32.77+3.5% | $31.66+6.2% | |
| Valuation | ||||||
| Market capitalization | $60.01B+61.7% | $37.1B+18.0% | $31.44B+11.5% | $28.21B+13.5% | $24.85B-19.4% | |
| Enterprise value | $60.34B+60.1% | $37.68B+16.5% | $32.33B+17.2% | $27.58B+12.7% | $24.48B-20.5% | |
| Price / earnings | 56.9×+18.4× | 38.6×+1.6× | 37×— | —— | —— | |
| Price / sales | 9.9×+3.3× | 6.5×+0.7× | 5.8×+0.5× | 5.4×+0.5× | 4.9×-1.3× | |
| Price / book | 9.5×+3.5× | 6×+0.6× | 5.3×+0.4× | 5×+0.4× | 4.5×-1.4× | |
| EV / EBITDA | 48.3×+12.2× | 36.1×+4.0× | 32.1×+5.0× | 27.1×+2.3× | 24.8×-7.4× | |
| EV / sales | 9.9×+3.3× | 6.6×+0.6× | 6×+0.8× | 5.3×+0.5× | 4.8×-1.3× | |
| Free cash flow yield | 2.3%-1.4pp | 3.6%-0.5pp | 4.1%-0.9pp | 5%-0.4pp | 5.4%+2.3pp | |
| Earnings yield | 1.8%-0.8pp | 2.6%-0.1pp | 2.7%— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Keysight Technologies's profit margins?
- Keysight Technologies (KEYS) runs a 63.7% gross margin and a 18.2% operating margin, with a 17.3% net margin.
- Where do Keysight Technologies's ratios come from?
- Every ratio is computed from Keysight Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
