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 $44.4B against $27.2B — 1.6× the size. Teledyne Technologies Incorporated trades at the lower P/E: 28.2× against 36.9×. Keysight Technologies Inc. grew revenue faster over the last twelve months: 25.5% against 8.57%. Keysight Technologies Inc. has the higher net margin (19.1% vs 15.8%) and the higher return on invested capital (12.9% vs 6.47%). 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 36.94 28.21 28.21
P/S 7.05 4.38 4.46
P/B 7.06 2.57 3.10
Price to free cash flow 31.11 24.90 24.15
EV/EBITDA 26.85 18.25 18.28
EV/Sales 7.04 4.61 4.64
Earnings yield 2.71% 3.54% 0.68%
Free cash flow yield 3.21% 4.02% 1.98%

Profitability

Metric KEYS TDY Scientific & Technical Instruments median
Gross margin 64.69% 43.60% 47.24%
Operating margin 20.25% 20.00% 8.96%
Net margin 19.14% 15.75% 1.92%
Free cash flow margin 22.67% 17.60% 10.59%
Return on equity 20.59% 9.47% 2.66%
Return on assets 11.16% 6.64% 1.12%
Return on invested capital 12.85% 6.47% 4.79%

Growth

Metric KEYS TDY Scientific & Technical Instruments median
Revenue growth (TTM) 25.54% 8.57% 9.26%
EPS growth (last fiscal year) 39.32% 9.70% 13.24%
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 0.18 0.00
Current ratio 2.02 2.31 2.30
Net debt to EBITDA 0.57 1.43 0.45

Dividend

Metric KEYS TDY Scientific & Technical Instruments median
Dividend yield — — 0.62%
Payout ratio — — 0.22

Size

Metric KEYS TDY Scientific & Technical Instruments median
Market cap 44.37b 27.24b 549.07m

Compare with another peer

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