Cash flow Keysight Technologies, Inc.

Equities

KEYS

US49338L1035

Electronic Equipment & Parts

Real-time Estimate Cboe BZX Other stock markets 12:02:51 2026-05-12 pm EDT			5-day change	1st Jan Change
358.30 ^USD	-2.20%		+0.78%	+76.53%

May. 05	Keysight Technologies, CATARC Set Up Joint Lab for NEV Charging Test Technology	MT
May. 05	Keysight Technologies, Inc. And China Automotive Technology And Research Center New Energy Vehicle Inspection Center Expand Strategic Collaboration	CI

cb4e450d3fc53ad9506a0133.l8jN2RO33gWfrsOQopYFD1ejA_2F55P_mjDOZ061jmc.55yshmHyklTl1KfExMNQVRDVXNDmg8uG6gGZIyvbuCmgprmyUJq9Vv6foA

Published financial data: KEYSIGHT TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2021	2022	2023	2024	2025
Revenues	4.94B	5.42B	5.46B	4.98B	5.38B
Total Revenues	4.94B	5.42B	5.46B	4.98B	5.38B
Cost of Goods Sold, Total	1.87B	1.97B	1.93B	1.85B	2.04B
Gross Profit	3.07B	3.45B	3.53B	3.13B	3.34B
Selling General & Admin Expenses, Total	1.19B	1.24B	1.29B	1.38B	1.41B
R&D Expenses	811M	841M	882M	919M	1.01B
Other Operating Expenses	-17M	-8M	-15M	-14M	-20M
Other Operating Expenses, Total	1.98B	2.07B	2.15B	2.29B	2.4B
Operating Income	1.09B	1.38B	1.38B	844M	938M
Interest Expense, Total	-79M	-79M	-78M	-84M	-96M
Interest And Investment Income	3M	16M	102M	81M	102M
Net Interest Expenses	-76M	-63M	24M	-3M	6M
Currency Exchange Gains (Loss)	3M	-1M	-45M	8M	65M
Other Non Operating Income (Expenses)	-10M	5M	-8M	1M	-28M
EBT, Excl. Unusual Items	1.01B	1.32B	1.35B	850M	981M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-18M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	4M	-36M	7M	15M	119M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.01B	1.28B	1.36B	865M	1.08B
Income Tax Expense	116M	161M	300M	251M	213M
Earnings From Continuing Operations	894M	1.12B	1.06B	614M	869M
Earnings Of Discontinued Operations	-	-	-	-	-19M
Net Income to Company	894M	1.12B	1.06B	614M	850M
Net Income - (IS)	894M	1.12B	1.06B	614M	850M
Net Income to Common Incl Extra Items	894M	1.12B	1.06B	614M	850M
Net Income to Common Excl. Extra Items	894M	1.12B	1.06B	614M	869M
Per Share Items
Net EPS - Basic	4.83	6.24	5.94	3.53	4.94
Basic EPS - Continuing Operations	4.83	6.24	5.94	3.53	5.05
Basic Weighted Average Shares Outstanding	185M	180M	178M	174M	172M
Net EPS - Diluted	4.78	6.18	5.91	3.51	4.91
Diluted EPS - Continuing Operations	4.78	6.18	5.91	3.51	5.02
Diluted Weighted Average Shares Outstanding	187M	182M	179M	175M	173M
Normalized Basic EPS	3.4	4.59	4.74	3.05	3.56
Normalized Diluted EPS	3.36	4.54	4.71	3.04	3.54
Supplemental Items
EBITDA	1.38B	1.6B	1.59B	1.11B	1.21B
EBITA	1.26B	1.49B	1.47B	988M	1.08B
EBIT	1.09B	1.38B	1.38B	844M	938M
EBITDAR	1.45B	1.67B	1.66B	1.2B	1.3B
Total Revenues (As Reported)	4.94B	5.42B	5.46B	4.98B	5.38B
Effective Tax Rate - (Ratio)	11.49	12.53	22.11	29.02	19.69
Current Domestic Taxes	79M	41M	198M	-48M	115M
Current Foreign Taxes	90M	113M	105M	31M	147M
Total Current Taxes	169M	154M	303M	-17M	262M
Deferred Domestic Taxes	-23M	-12M	-57M	-55M	-20M
Deferred Foreign Taxes	-30M	19M	54M	323M	-29M
Total Deferred Taxes	-53M	7M	-3M	268M	-49M
Normalized Net Income	629M	826M	844M	531M	613M
Interest on Long-Term Debt	79M	79M	78M	84M	96M
Non-Cash Pension Expense	-11M	-37M	-18M	-6M	-38M
Supplemental Operating Expense Items
Advertising Expense	21M	27M	24M	18M	14M
Research And Development Expense From Footnotes	811M	841M	882M	919M	1.01B
Net Rental Expense, Total	65M	68M	74M	81M	81M
Imputed Operating Lease Interest Expense	20.52M	21.27M	22.84M	26.84M	25.88M
Imputed Operating Lease Depreciation	44.48M	46.73M	51.16M	54.16M	55.12M
Stock-Based Comp., COGS (Total)	19M	23M	25M	27M	40M
Stock-Based Comp., R&D Exp. (Total)	21M	28M	38M	38M	44M
Stock-Based Comp., SG&A Exp. (Total)	64M	75M	73M	80M	92M
Total Stock-Based Compensation	104M	126M	136M	145M	176M

Fiscal Period: October	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.05B	2.04B	2.47B	1.8B	1.87B
Total Cash And Short Term Investments	2.05B	2.04B	2.47B	1.8B	1.87B
Accounts Receivable, Total	735M	905M	900M	857M	939M
Other Receivables	30M	-	-	138M	35M
Total Receivables	765M	905M	900M	995M	974M
Inventory	777M	858M	985M	1.02B	1.05B
Prepaid Expenses	-	81M	74M	87M	109M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	240M	348M	378M	357M	342M
Total Current Assets	3.83B	4.23B	4.81B	4.26B	4.35B
Gross Property Plant And Equipment	2.4B	2.45B	2.61B	2.71B	2.84B
Accumulated Depreciation	-1.52B	-1.54B	-1.62B	-1.71B	-1.8B
Net Property Plant And Equipment	877M	910M	987M	1.01B	1.03B
Long-term Investments	118M	195M	81M	110M	211M
Goodwill	1.63B	1.58B	1.64B	2.39B	3.42B
Other Intangibles, Total	272M	189M	155M	607M	1.3B
Deferred Tax Assets Long-Term	711M	667M	671M	378M	373M
Other Long-Term Assets, Total	341M	321M	340M	521M	610M
Total Assets	7.78B	8.1B	8.68B	9.27B	11.3B
Liabilities
Accounts Payable, Total	287M	348M	286M	313M	355M
Accrued Expenses, Total	434M	435M	458M	395M	558M
Current Portion of Long-Term Debt	-	-	599M	-	-
Current Portion of Leases	41M	39M	40M	43M	51M
Current Income Taxes Payable	44M	58M	49M	90M	207M
Unearned Revenue Current, Total	478M	495M	541M	561M	652M
Other Current Liabilities	25M	32M	76M	25M	27M
Total Current Liabilities	1.31B	1.41B	2.05B	1.43B	1.85B
Long-Term Debt	1.79B	1.79B	1.2B	1.79B	2.53B
Long-Term Leases	191M	186M	192M	197M	193M
Unearned Revenue Non Current	187M	197M	216M	206M	232M
Pension & Other Post Retirement Benefits	167M	58M	64M	81M	75M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	352M	296M	313M	463M	536M
Total Liabilities	4B	3.94B	4.03B	4.16B	5.42B
Common Stock, Total	2M	2M	2M	2M	2M
Additional Paid In Capital	2.22B	2.33B	2.49B	2.66B	2.85B
Retained Earnings	3.43B	4.55B	5.61B	6.22B	7.08B
Treasury Stock	-1.42B	-2.27B	-2.98B	-3.42B	-3.8B
Comprehensive Income and Other	-442M	-454M	-466M	-364M	-248M
Total Common Equity	3.78B	4.16B	4.65B	5.1B	5.88B
Total Equity	3.78B	4.16B	4.65B	5.1B	5.88B
Total Liabilities And Equity	7.78B	8.1B	8.68B	9.27B	11.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	183M	179M	175M	173M	172M
ECS Total Common Shares Outstanding	182M	178M	174M	173M	171M
Book Value / Share	20.77	23.37	26.7	29.58	34.34
Tangible Book Value	1.88B	2.39B	2.86B	2.11B	1.15B
Tangible Book Value Per Share	10.34	13.42	16.4	12.23	6.73
Total Debt	2.02B	2.02B	2.03B	2.03B	2.78B
Net Debt	-29M	-24M	-446M	234M	905M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-124M	-188M	-163M	-244M	-315M
Debt Equivalent Oper. Leases	520M	544M	592M	648M	648M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	448M	536M	609M	647M	625M
Inventories - Finished Goods, Total	329M	322M	376M	375M	425M
Land - (BS)	61M	48M	48M	48M	48M
Buildings, Total	785M	798M	828M	851M	879M
Machinery, Total	1.33B	1.38B	1.51B	1.58B	1.67B
Full Time Employees	14.3K	15K	14.9K	15.5K	16.8K
Accumulated Allowance for Doubtful Accounts (Supple)	4M	4M	5M	9M	12M
Order Backlog	2.12B	2.55B	2.29B	2.38B	2.7B

Fiscal Period: October	2021	2022	2023	2024	2025
Net Income	894M	1.12B	1.06B	614M	850M
Depreciation & Amortization - CF	117M	117M	120M	126M	131M
Amortization of Goodwill and Intangible Assets - (CF)	176M	106M	92M	144M	145M
Depreciation & Amortization, Total	293M	223M	212M	270M	276M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	31M	-5M	-	-114M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	103M	125M	135M	137M	162M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-4M	45M	28M	302M	-67M
Change In Accounts Receivable	-122M	-204M	14M	71M	23M
Change In Inventories	-43M	-125M	-148M	-49M	-24M
Change In Accounts Payable	53M	56M	-62M	26M	26M
Change in Unearned Revenues	96M	79M	61M	-12M	35M
Change In Income Taxes	34M	-14M	-40M	-172M	210M
Change in Other Net Operating Assets	18M	-196M	156M	-135M	32M
Cash from Operations	1.32B	1.14B	1.41B	1.05B	1.41B
Capital Expenditure	-174M	-185M	-196M	-154M	-128M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-178M	-33M	-85M	-681M	-2.02B
Divestitures	-	-	-	-	399M
Investment in Marketable and Equity Securities, Total	-	-33M	-7M	-11M	30M
Other Investing Activities, Total	-1M	-	-	27M	-6M
Cash from Investing	-353M	-251M	-288M	-819M	-1.73B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	599M	748M
Total Debt Issued	-	-	-	599M	748M
Long-Term Debt Repaid, Total	-	-	-	-624M	-
Total Debt Repaid	-	-	-	-624M	-
Issuance of Common Stock	59M	63M	67M	66M	63M
Repurchase of Common Stock	-726M	-923M	-751M	-474M	-416M
Other Financing Activities, Total	-4M	-1M	-3M	-480M	-10M
Cash from Financing	-671M	-861M	-687M	-913M	385M
Foreign Exchange Rate Adjustments	3M	-43M	-2M	6M	9M
Net Change in Cash	301M	-11M	431M	-674M	76M
Supplemental Items
Cash Interest Paid	75M	75M	75M	75M	77M
Cash Income Tax Paid (Refund)	130M	191M	343M	146M	120M
Levered Free Cash Flow	920M	667M	862M	586M	1.25B
Unlevered Free Cash Flow	970M	716M	911M	638M	1.31B
Change In Net Working Capital	-66M	310M	103M	150M	-401M
Net Debt Issued / Repaid	-	-	-	-25M	748M

Fiscal Period: October	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.08	10.86	10.27	5.88	5.7
Return on Total Capital	12.28	14.39	13.4	7.64	7.42
Return On Equity %	25.25	28.29	23.98	12.58	15.82
Return on Common Equity	25.25	28.29	23.98	12.58	15.82
Margin Analysis
Gross Profit Margin %	62.11	63.65	64.64	62.92	62.08
SG&A Margin	24	22.82	23.54	27.8	26.27
EBITDA Margin %	27.97	29.58	29.12	22.37	22.59
EBITA Margin %	25.6	27.42	26.92	19.84	20.15
EBIT Margin %	22.04	25.46	25.24	16.95	17.45
Income From Continuing Operations Margin %	18.09	20.74	19.34	12.33	16.17
Net Income Margin %	18.09	20.74	19.34	12.33	15.81
Net Avail. For Common Margin %	18.09	20.74	19.34	12.33	16.17
Normalized Net Income Margin	12.73	15.23	15.44	10.67	11.41
Levered Free Cash Flow Margin	18.62	12.31	15.78	11.77	23.28
Unlevered Free Cash Flow Margin	19.62	13.22	16.67	12.82	24.4
Asset Turnover
Asset Turnover	0.66	0.68	0.65	0.55	0.52
Fixed Assets Turnover	5.97	6.07	5.76	4.99	5.27
Receivables Turnover (Average Receivables)	7.37	6.61	6.05	5.67	5.99
Inventory Turnover (Average Inventory)	2.44	2.41	2.1	1.84	1.97
Short Term Liquidity
Current Ratio	2.93	3.01	2.35	2.98	2.35
Quick Ratio	2.15	2.09	1.65	1.96	1.54
Operating Cash Flow to Current Liabilities	1.01	0.81	0.69	0.74	0.76
Days Sales Outstanding (Average Receivables)	49.53	55.22	60.29	64.58	60.98
Days Outstanding Inventory (Average Inventory)	149.55	151.47	174.09	198.96	185.54
Average Days Payable Outstanding	49.29	56.5	56.19	58.21	59.01
Cash Conversion Cycle (Average Days)	149.79	150.18	178.19	205.32	187.52
Long Term Solvency
Total Debt/Equity	53.46	48.5	43.53	39.76	47.24
Total Debt / Total Capital	34.84	32.66	30.33	28.45	32.08
LT Debt/Equity	52.38	47.56	29.8	38.92	46.37
Long-Term Debt / Total Capital	34.13	32.03	20.76	27.85	31.49
Total Liabilities / Total Assets	51.37	48.62	46.4	44.92	47.96
EBIT / Interest Expense	13.78	17.47	17.68	10.05	9.77
EBITDA / Interest Expense	18.32	21.15	21.35	14.23	13.49
(EBITDA - Capex) / Interest Expense	16.11	18.81	18.83	12.39	12.16
Total Debt / EBITDA	1.4	1.21	1.22	1.7	2.15
Net Debt / EBITDA	-0.02	-0.01	-0.27	0.2	0.7
Total Debt / (EBITDA - Capex)	1.59	1.36	1.38	1.95	2.38
Net Debt / (EBITDA - Capex)	-0.02	-0.02	-0.3	0.22	0.78
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.06	9.69	0.81	-8.88	7.95
Gross Profit, 1 Yr. Growth %	21.16	12.41	2.38	-11.3	6.51
EBITDA, 1 Yr. Growth %	25.18	15.99	-0.75	-29.98	8.98
EBITA, 1 Yr. Growth %	26.5	17.47	-1.01	-32.83	9.62
EBIT, 1 Yr. Growth %	39.97	26.72	-0.07	-38.8	11.14
Earnings From Cont. Operations, 1 Yr. Growth %	42.58	25.73	-5.96	-41.91	41.53
Net Income, 1 Yr. Growth %	42.58	25.73	-5.96	-41.91	38.44
Normalized Net Income, 1 Yr. Growth %	40.9	31.31	2.2	-37.04	15.41
Diluted EPS Before Extra, 1 Yr. Growth %	44.41	29.29	-4.37	-40.61	43.02
Accounts Receivable, 1 Yr. Growth %	21.29	23.13	-0.55	-4.78	9.57
Inventory, 1 Yr. Growth %	2.64	10.42	14.8	3.76	2.74
Net Property, Plant and Equip., 1 Yr. Growth %	12.87	3.76	8.46	2.13	2.28
Total Assets, 1 Yr. Growth %	7.8	4.07	7.22	6.75	21.92
Tangible Book Value, 1 Yr. Growth %	34.67	26.86	19.62	-26.2	-45.36
Common Equity, 1 Yr. Growth %	14.77	9.96	11.85	9.69	15.2
Cash From Operations, 1 Yr. Growth %	30.12	-13.46	23.08	-25.28	33.94
Capital Expenditures, 1 Yr. Growth %	48.72	6.32	5.95	-21.83	-16.88
Levered Free Cash Flow, 1 Yr. Growth %	18.97	-27.51	29.23	-31.95	113.52
Unlevered Free Cash Flow, 1 Yr. Growth %	17.92	-26.11	27.13	-29.83	105.36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.16	13.32	5.16	-4.15	-0.82
Gross Profit, 2 Yr. CAGR %	10.05	16.71	7.28	-4.7	-2.8
EBITDA, 2 Yr. CAGR %	14.08	20.5	7.3	-16.82	-12.65
EBITA, 2 Yr. CAGR %	14.43	21.9	7.84	-18.65	-14.2
EBIT, 2 Yr. CAGR %	20.18	33.18	12.53	-21.99	-17.53
Earnings From Cont. Operations, 2 Yr. CAGR %	19.98	33.89	8.73	-26.09	-9.33
Net Income, 2 Yr. CAGR %	19.98	33.89	8.73	-26.09	-10.32
Normalized Net Income, 2 Yr. CAGR %	20.48	36.02	15.84	-20	-14.76
Diluted EPS Before Extra, 2 Yr. CAGR %	21.28	36.64	11.19	-24.64	-7.84
Accounts Receivable, 2 Yr. CAGR %	4.9	22.2	10.66	-2.69	2.14
Inventory, 2 Yr. CAGR %	4.98	6.46	12.59	9.14	3.25
Net Property, Plant and Equip., 2 Yr. CAGR %	23.39	8.22	6.09	5.25	2.2
Total Assets, 2 Yr. CAGR %	8.39	5.92	5.64	6.99	14.08
Tangible Book Value, 2 Yr. CAGR %	20.15	30.7	23.19	-6.04	-36.5
Common Equity, 2 Yr. CAGR %	12.23	12.34	10.9	10.76	12.41
Cash From Operations, 2 Yr. CAGR %	15.09	6.11	3.2	-4.11	0.04
Capital Expenditures, 2 Yr. CAGR %	20.42	25.75	6.13	-8.76	-19.39
Levered Free Cash Flow, 2 Yr. CAGR %	26.04	-7.13	-3.21	-6.58	20.54
Unlevered Free Cash Flow, 2 Yr. CAGR %	24.13	-6.65	-3.08	-5.89	20.05
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.41	8	8.98	0.26	-0.28
Gross Profit, 3 Yr. CAGR %	13.28	10.83	11.72	0.69	-1.1
EBITDA, 3 Yr. CAGR %	22.87	14.71	12.95	-6.93	-8.98
EBITA, 3 Yr. CAGR %	25.37	15.44	13.73	-7.91	-10.15
EBIT, 3 Yr. CAGR %	35.78	22.32	21.02	-8.14	-12.22
Earnings From Cont. Operations, 3 Yr. CAGR %	75.64	21.87	19.02	-11.77	-8.22
Net Income, 3 Yr. CAGR %	75.64	21.87	19.02	-11.77	-8.89
Normalized Net Income, 3 Yr. CAGR %	39.7	23.99	23.66	-5.46	-9.6
Diluted EPS Before Extra, 3 Yr. CAGR %	77.14	23.89	21.32	-9.78	-6.7
Accounts Receivable, 3 Yr. CAGR %	5.61	10.65	14.09	5.25	1.24
Inventory, 3 Yr. CAGR %	7.87	6.77	9.17	9.57	6.96
Net Property, Plant and Equip., 3 Yr. CAGR %	16.48	16.47	8.3	4.75	4.25
Total Assets, 3 Yr. CAGR %	10.14	6.93	6.35	6.01	11.75
Tangible Book Value, 3 Yr. CAGR %	45.08	22.35	26.9	3.85	-21.57
Common Equity, 3 Yr. CAGR %	15.86	11.47	12.18	10.5	12.22
Cash From Operations, 3 Yr. CAGR %	33.55	4.66	11.49	-7.33	7.19
Capital Expenditures, 3 Yr. CAGR %	9.65	15.52	18.77	-3.99	-11.55
Levered Free Cash Flow, 3 Yr. CAGR %	22.14	4.82	3.68	-13.97	23.06
Unlevered Free Cash Flow, 3 Yr. CAGR %	20.3	4.42	3.47	-13	22.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.11	11.19	7.1	2.96	4.95
Gross Profit, 5 Yr. CAGR %	13.57	15.25	10.84	4.34	5.67
EBITDA, 5 Yr. CAGR %	21.13	30.53	16.39	0.96	1.92
EBITA, 5 Yr. CAGR %	23.24	35.03	18.04	0.45	1.61
EBIT, 5 Yr. CAGR %	22.42	47.45	25.95	2.28	3.81
Earnings From Cont. Operations, 5 Yr. CAGR %	21.69	61.6	44.98	-0.23	6.75
Net Income, 5 Yr. CAGR %	21.69	61.6	44.98	-0.23	6.27
Normalized Net Income, 5 Yr. CAGR %	22.95	45.15	29.62	4.17	6.56
Diluted EPS Before Extra, 5 Yr. CAGR %	19.64	61.64	47.03	1.55	8.69
Accounts Receivable, 5 Yr. CAGR %	10.96	10.59	7.6	5.11	9.15
Inventory, 5 Yr. CAGR %	10.39	7.85	9.74	7.71	6.76
Net Property, Plant and Equip., 5 Yr. CAGR %	11.36	11.42	12.2	11.84	5.82
Total Assets, 5 Yr. CAGR %	15.44	6.42	8.32	6.95	9.38
Tangible Book Value, 5 Yr. CAGR %	27.06	41.12	35.89	10.09	-3.79
Common Equity, 5 Yr. CAGR %	20.12	12.49	13.85	11.19	12.27
Cash From Operations, 5 Yr. CAGR %	25.78	28.38	20.47	1.06	6.76
Capital Expenditures, 5 Yr. CAGR %	13.84	20.77	8.23	5.12	1.81
Levered Free Cash Flow, 5 Yr. CAGR %	25.71	31.64	11.29	0.23	10.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.63	27.85	10.34	0.29	9.78