Keysight Technologies Inc.

KEYS Technology Scientific & Technical Instruments

Keysight Technologies Inc.’s revenue for fiscal 2025 (year ended October 2025) was $5.4 billion, up 7.95% from fiscal 2024. In the quarter to July 2026, revenue grew 36.5%, EPS grew 109.9%, free cash flow grew 40.2% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500.

331.21 10.87 −3.18%
Market cap
$58.2B
P/E
45.1×
Fwd P/E
45.6×
Dividend yield
—
F-score
5/9
Altman Z
5.36
Beneish M
−2.57
Dividend safety
n/a

Keysight Technologies Inc. (KEYS) Free cash flow margin

Alert me on Free cash flow margin

Keysight Technologies Inc.'s free cash flow margin over the twelve months to 31 July 2026 was 22.7%, down 1.2 percentage points from fiscal 2025 (23.9%). Over the past ten years it has ranged from 8.03% (fiscal 2017) to 23.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Scientific & Technical Instruments industry median of 5.84% and above the Technology sector median of 1.72%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 23.9% 5.67
FY2024 18.2% (4.00)
FY2023 22.2% 4.49
FY2022 17.7% (5.54)
FY2021 23.2% 1.93
FY2020 21.3% 0.90
FY2019 20.4% 8.74
FY2018 11.7% 3.63
FY2017 8.03% (3.24)
FY2016 11.3% 1.29

Against its own ten years

Low 8.03% High 23.9%
Ten-year median 18.2%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
CGNX Cognex Corporation compare 25.3%
KEYS Keysight Technologies Inc. 22.7%
FTV Fortive Corporation compare 21.7%
GRMN Garmin Ltd. compare 20.9%
TRMB Trimble Inc. compare 20.4%
TDY Teledyne Technologies Incorporated compare 17.9%
ESE ESCO Technologies Inc. compare 15.2%
MKSI MKS Inc. compare 10.5%
COHR Coherent Corp. compare −14.4%
Scientific & Technical Instruments industry median 5.84%
Technology sector median 1.72%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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