Keysight Technologies Inc. (KEYS) vs Teledyne Technologies Incorporated (TDY)

Keysight Technologies Inc. and Teledyne Technologies Incorporated are both Scientific & Technical Instruments companies. Keysight Technologies Inc. is the larger, with a market value of $58.2B against $28.7B — 2.0× the size. Teledyne Technologies Incorporated trades at the lower P/E: 29.9× against 45.1×. Keysight Technologies Inc. grew revenue faster over the last twelve months: 25.5% against 7.87%. Keysight Technologies Inc. has the higher net margin (19.1% vs 15.3%) and the higher return on invested capital (12.9% vs 6.15%). Across the 22 metrics below, Teledyne Technologies Incorporated leads on 12 and Keysight Technologies Inc. on 10.

Valuation

Metric KEYS TDY Scientific & Technical Instruments median
P/E 45.06 29.87 33.25
P/S 8.60 4.49 4.50
P/B 8.62 2.62 2.90
Price to free cash flow 37.96 25.08 24.81
EV/EBITDA 32.76 19.17 17.92
EV/Sales 8.59 4.76 4.71
Earnings yield 2.22% 3.35% 0.60%
Free cash flow yield 2.63% 3.99% 1.27%

Profitability

Metric KEYS TDY Scientific & Technical Instruments median
Gross margin 64.69% 43.34% 45.75%
Operating margin 20.25% 19.45% 7.34%
Net margin 19.14% 15.29% 1.56%
Free cash flow margin 22.67% 17.92% 5.84%
Return on equity 20.59% 9.16% 2.87%
Return on assets 11.16% 6.41% 0.99%
Return on invested capital 12.85% 6.15% 3.88%

Growth

Metric KEYS TDY Scientific & Technical Instruments median
Revenue growth (TTM) 25.54% 7.87% 11.15%
EPS growth (last fiscal year) 39.32% 9.70% 11.47%
Revenue growth, 5-year CAGR 4.95% 14.66% 7.89%
Net income growth, 5-year CAGR 6.27% 17.36% 0.00%

Health

Metric KEYS TDY Scientific & Technical Instruments median
Debt to equity 0.38 0.19 0.00
Current ratio 2.02 2.18 2.24
Net debt to EBITDA 0.57 1.43 0.44

Dividend

Metric KEYS TDY Scientific & Technical Instruments median
Dividend yield — — 0.58%
Payout ratio — — 0.36

Size

Metric KEYS TDY Scientific & Technical Instruments median
Market cap 58.24b 28.74b 444.25m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack