Keysight Technologies, Inc. - Understand $keys stock

$KEYS Market Cap: $29.89 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$4.979B

TTM

Gross Margin

62.92%

TTM

Net Earnings

$614.0M

TTM

Current Assets

$4.257B

Q4 2024

Current Liabilities

$1.427B

Q4 2024

Current Ratio

298.32%

Q4 2024

Total Assets

$9.269B

Q4 2024

Total Liabilities

$4.164B

Q4 2024

Book Value

$5.105B

Q4 2024

Cash

$1.796B

Q4 2024

P/E

48.69

Nov 29, 2024 EST

Free Cash Flow

$898.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$4.979B	$5.464B	$5.420B	$4.941B	$4.221B	$4.303B	$3.878B	$3.189B	$2.918B	$2.856B	$2.933B	$2.888B	$3.315B	$3.316B
YoY Change	-8.88%	0.81%	9.69%	17.06%	-1.91%	10.96%	21.61%	9.29%	2.17%	-2.63%	1.56%	-12.88%	-0.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$4.979B	$5.464B	$5.420B	$4.941B	$4.221B	$4.303B	$3.878B	$3.189B	$2.918B	$2.856B	$2.933B	$2.888B	$3.315B	$3.316B
Cost Of Revenue	$1.846B	$1.932B	$1.970B	$1.872B	$1.688B	$1.769B	$1.767B	$1.487B	$1.294B	$1.269B	$1.313B	$1.265B	$1.434B	$1.392B
Gross Profit	$3.133B	$3.532B	$3.450B	$3.069B	$2.533B	$2.534B	$2.111B	$1.702B	$1.624B	$1.587B	$1.620B	$1.623B	$1.881B	$1.924B
Gross Profit Margin	62.92%	64.64%	63.65%	62.11%	60.01%	58.89%	54.44%	53.37%	55.65%	55.57%	55.23%	56.2%	56.74%	58.02%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$1.395B	$1.307B	$1.283B	$1.195B	$1.097B	$1.155B	$1.205B	$1.058B	$832.0M	$787.0M	$790.0M	$752.0M	$771.0M	$806.0M
YoY Change	6.73%	1.87%	7.36%	8.93%	-5.02%	-4.15%	13.89%	27.16%	5.72%	-0.38%	5.05%	-2.46%	-4.34%
% of Gross Profit	44.53%	37.0%	37.19%	38.94%	43.31%	45.58%	57.08%	62.16%	51.23%	49.59%	48.77%	46.33%	40.99%	41.89%
Research & Development	$919.0M	$882.0M	$841.0M	$811.0M	$715.0M	$688.0M	$624.0M	$507.0M	$434.0M	$387.0M	$361.0M	$375.0M	$377.0M	$381.0M
YoY Change	4.2%	4.88%	3.7%	13.43%	3.92%	10.26%	23.08%	16.82%	12.14%	7.2%	-3.73%	-0.53%	-1.05%
% of Gross Profit	29.33%	24.97%	24.38%	26.43%	28.23%	27.15%	29.56%	29.79%	26.72%	24.39%	22.28%	23.11%	20.04%	19.8%
Depreciation & Amortization	$270.0M	$120.0M	$223.0M	$117.0M	$104.0M	$96.00M	$103.0M	$225.0M	$134.0M	$99.00M	$84.00M	$77.00M	$65.00M	$56.00M
YoY Change	125.0%	-46.19%	90.6%	12.5%	8.33%	-6.8%	-54.22%	67.91%	35.35%	17.86%	9.09%	18.46%	16.07%
% of Gross Profit	8.62%	3.4%	6.46%	3.81%	4.11%	3.79%	4.88%	13.22%	8.25%	6.24%	5.19%	4.74%	3.46%	2.91%
Operating Expenses	$2.300B	$2.189B	$2.116B	$2.006B	$1.812B	$1.843B	$1.829B	$1.565B	$1.266B	$1.174B	$1.151B	$1.127B	$1.148B	$1.187B
YoY Change	5.07%	3.45%	5.48%	10.71%	-1.68%	0.77%	16.87%	23.62%	7.84%	2.0%	2.13%	-1.83%	-3.29%
Operating Profit	$833.0M	$1.358B	$1.334B	$1.080B	$765.0M	$711.0M	-$394.0M	$148.0M	$375.0M	$431.0M	$469.0M	$496.0M	$733.0M	$737.0M
YoY Change	-38.66%	1.8%	23.52%	41.18%	7.59%	-280.46%	-366.22%	-60.53%	-12.99%	-8.1%	-5.44%	-32.33%	-0.54%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	-$3.000M	$78.00M	-$63.00M	$79.00M	$78.00M	$80.00M	$83.00M	$80.00M	$47.00M	$46.00M	$3.000M	$0.00	-$1.000M	-$1.000M
YoY Change	-103.85%	-223.81%	-179.75%	1.28%	-2.5%	-3.61%	3.75%	70.21%	2.17%	1433.33%		-100.0%	0.0%
% of Operating Profit	-0.36%	5.74%	-4.72%	7.31%	10.2%	11.25%		54.05%	12.53%	10.67%	0.64%	0.0%	-0.14%	-0.14%
Other Income/Expense, Net	$35.00M	-$25.00M	$14.00M	$6.000M	$63.00M	$61.00M	$54.00M	$104.0M	$35.00M	$2.000M	$9.000M	$5.000M	$14.00M	$13.00M
YoY Change	-240.0%	-278.57%	133.33%	-90.48%	3.28%	12.96%	-48.08%	197.14%	1650.0%	-77.78%	80.0%	-64.29%	7.69%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$865.0M	$1.357B	$1.285B	$1.010B	$761.0M	$715.0M	$735.0M	$598.0M	$515.0M	$559.0M	$601.0M	$583.0M	$746.0M	$749.0M
YoY Change	-36.26%	5.6%	27.23%	32.72%	6.43%	-2.72%	22.91%	16.12%	-7.87%	-6.99%	3.09%	-21.85%	-0.4%
Income Tax	$251.0M	$300.0M	$161.0M	$116.0M	$134.0M	$94.00M	-$576.0M	$77.00M	$31.00M	-$125.0M	$83.00M	$44.00M	-$95.00M	-$38.00M
% Of Pretax Income	29.02%	22.11%	12.53%	11.49%	17.61%	13.15%	-78.37%	12.88%	6.02%	-22.36%	13.81%	7.55%	-12.73%	-5.07%
Net Earnings	$614.0M	$1.057B	$1.124B	$894.0M	$627.0M	$621.0M	$165.0M	$102.0M	$335.0M	$513.0M	$392.0M	$457.0M	$841.0M	$787.0M
YoY Change	-41.91%	-5.96%	25.73%	42.58%	0.97%	276.36%	61.76%	-69.55%	-34.7%	30.87%	-14.22%	-45.66%	6.86%
Net Earnings / Revenue	12.33%	19.34%	20.74%	18.09%	14.85%	14.43%	4.25%	3.2%	11.48%	17.96%	13.37%	15.82%	25.37%	23.73%
Basic Earnings Per Share	$3.53	$5.95	$6.23	$4.84	$3.35	$3.31	$0.88	$0.57	$1.97	$3.04	$2.35	$2.74
Diluted Earnings Per Share	$3.51	$5.91	$6.176M	$4.78	$3.31	$3.25	$0.86	$0.56	$1.95	$3.00	$2.35	$2.74	$5.042M	$4.718M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$1.796B	$2.472B	$2.042B	$2.052B	$1.756B	$1.598B	$913.0M	$818.0M	$783.0M	$483.0M	$810.0M	$0.00	$0.00
YoY Change	-27.35%	21.06%	-0.49%	16.86%	9.89%	75.03%	11.61%	4.47%	62.11%	-40.37%
Cash & Equivalents	$1.796B	$2.472B	$2.042B	$2.052B	$1.756B	$1.598B	$913.0M	$818.0M	$783.0M	$483.0M	$810.0M	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$582.0M	$452.0M	$429.0M	$270.0M	$255.0M	$244.0M	$222.0M	$224.0M	$160.0M	$211.0M	$162.0M	$130.0M	$129.0M
YoY Change	28.76%	5.36%	58.89%	5.88%	4.51%	9.91%	-0.89%	40.0%	-24.17%	30.25%	24.62%	0.78%
Inventory	$1.022B	$985.0M	$858.0M	$777.0M	$757.0M	$705.0M	$619.0M	$588.0M	$474.0M	$487.0M	$498.0M	$502.0M	$472.0M
Prepaid Expenses
Receivables	$857.0M	$900.0M	$905.0M	$735.0M	$606.0M	$668.0M	$624.0M	$547.0M	$437.0M	$398.0M	$380.0M	$340.0M	$392.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.257B	$4.809B	$4.234B	$3.834B	$3.374B	$3.215B	$2.378B	$2.177B	$1.854B	$1.579B	$1.850B	$972.0M	$993.0M
YoY Change	-11.48%	13.58%	10.43%	13.63%	4.95%	35.2%	9.23%	17.42%	17.42%	-14.65%	90.33%	-2.11%
Property, Plant & Equipment	$1.008B	$987.0M	$910.0M	$877.0M	$777.0M	$576.0M	$555.0M	$530.0M	$512.0M	$518.0M	$470.0M	$469.0M	$493.0M
YoY Change	2.13%	8.46%	3.76%	12.87%	34.9%	3.78%	4.72%	3.52%	-1.16%	10.21%	0.21%	-4.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$110.0M	$81.00M	$62.00M	$70.00M	$61.00M	$46.00M	$46.00M	$63.00M	$55.00M	$70.00M	$63.00M	$44.00M	$26.00M
YoY Change	35.8%	30.65%	-11.43%	14.75%	32.61%	0.0%	-26.98%	14.55%	-21.43%	11.11%	43.18%	69.23%
Other Assets	$899.0M	$1.011B	$1.121B	$1.100B	$1.108B	$1.087B	$1.029B	$426.0M	$431.0M	$395.0M	$257.0M	$104.0M	$126.0M
YoY Change	-11.08%	-9.81%	1.91%	-0.72%	1.93%	5.64%	141.55%	-1.16%	9.11%	53.7%	147.12%	-17.46%
Total Long-Term Assets	$5.012B	$3.874B	$3.864B	$3.947B	$3.844B	$3.408B	$3.446B	$3.756B	$1.942B	$1.929B	$1.200B	$1.056B	$1.140B
YoY Change	29.38%	0.26%	-2.1%	2.68%	12.79%	-1.1%	-8.25%	93.41%	0.67%	60.75%	13.64%	-7.37%
Total Assets	$9.269B	$8.683B	$8.098B	$7.781B	$7.218B	$6.623B	$5.824B	$5.933B	$3.796B	$3.508B	$3.050B	$2.028B	$2.133B
YoY Change
Accounts Payable	$313.0M	$286.0M	$348.0M	$287.0M	$224.0M	$253.0M	$242.0M	$211.0M	$189.0M	$209.0M	$298.0M	$131.0M	$156.0M
YoY Change	9.44%	-17.82%	21.25%	28.13%	-11.46%	4.55%	14.69%	11.64%	-9.57%	-29.87%	127.48%	-16.03%
Accrued Expenses	$463.0M	$533.0M	$468.0M	$470.0M	$401.0M	$355.0M	$338.0M	$277.0M	$226.0M	$242.0M	$221.0M	$184.0M	$182.0M
YoY Change	-13.13%	13.89%	-0.43%	17.21%	12.96%	5.03%	22.02%	22.57%	-6.61%	9.5%	20.11%	1.1%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$599.0M			$1.000M	$0.00	$500.0M	$11.00M
YoY Change	-100.0%					-100.0%	4445.45%
Total Short-Term Liabilities	$1.427B	$2.049B	$1.407B	$1.309B	$1.081B	$1.003B	$1.462B	$819.0M	$644.0M	$686.0M	$769.0M	$560.0M	$595.0M
YoY Change	-30.36%	45.63%	7.49%	21.09%	7.78%	-31.4%	78.51%	27.17%	-6.12%	-10.79%	37.32%	-5.88%
Long-Term Debt	$1.790B	$1.195B	$1.793B	$1.791B	$1.792B	$1.792B	$1.295B	$2.042B	$1.093B	$1.099B	$1.099B	$0.00	$0.00
YoY Change	49.79%	-33.35%	0.11%	-0.06%	0.0%	38.38%	-36.58%	86.83%	-0.55%	0.0%
Other Long-Term Liabilities	$947.0M	$785.0M	$737.0M	$897.0M	$1.048B	$824.0M	$634.0M	$762.0M	$546.0M	$421.0M	$413.0M	$223.0M	$233.0M
YoY Change	20.64%	6.51%	-17.84%	-14.41%	27.18%	29.97%	-16.8%	39.56%	29.69%	1.94%	85.2%	-4.29%
Total Long-Term Liabilities	$2.737B	$1.980B	$2.530B	$2.688B	$2.840B	$2.616B	$1.929B	$2.804B	$1.639B	$1.520B	$1.512B	$223.0M	$233.0M
YoY Change	38.23%	-21.74%	-5.88%	-5.35%	8.56%	35.61%	-31.21%	71.08%	7.83%	0.53%	578.03%	-4.29%
Total Liabilities	$4.164B	$4.029B	$3.937B	$3.997B	$3.921B	$3.619B	$3.391B	$3.623B	$2.283B	$2.206B	$2.281B	$783.0M	$828.0M
YoY Change	3.35%	2.34%	-1.5%	1.94%	8.34%	6.72%	-6.4%	58.69%	3.49%	-3.29%	191.32%	-5.43%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	174.0M shares	178.0M shares	180.0M shares	185.0M shares	187.0M shares	188.0M shares	187.0M shares	180.0M shares	170.0M shares	169.0M shares	167.0M shares	167.0M shares
Diluted Shares Outstanding	175.0M shares	179.0M shares	182.0M shares	187.0M shares	189.0M shares	191.0M shares	191.0M shares	182.0M shares	172.0M shares	171.0M shares	167.0M shares	167.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $29.895 Billion

About Keysight Technologies, Inc.

Keysight Technologies, Inc. engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. The company is headquartered in Santa Rosa California, California. The company went IPO on 2014-10-20. The firm is primarily engaged in providing electronic design and test solutions. The company operates through two segments: Communications Solutions Group (CSG) and Electronics Industrial Solutions Group (EISG). Its CSG segment serves customers, including commercial communications and aerospace, defense, and government end markets. Its CSG’s solutions consist of electronic design and test software, electronic measurement instruments, systems and related services. The Company’s EISG segment provides test and measurement solutions and related services across a set of electronic industrial end markets, focusing on applications in the automotive and energy industries and measurement solutions for consumer electronics, education, general electronics design and manufacturing, and semiconductor design and manufacturing. The firm also offers customization, consulting and optimization services throughout the product development lifecycle.

Industry: Industrial Instruments For Measurement, Display, and Control Peers: ADVANCED ENERGY INDUSTRIES INC COGNEX CORP NOVANTA INC COHERENT CORP. NATIONAL INSTRUMENTS CORP TELEDYNE TECHNOLOGIES INC Vontier Corp TRIMBLE INC. ZEBRA TECHNOLOGIES CORP