Keysight Technologies, Inc. (KEYS) Factsheet

Keysight Technologies, Inc. (KEYS) Stock Analysis

Analysis from 10-Q filed 2026-09-02. Data as of Q3 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 13.9%. FCF margin 22.3%. D/E 0.4x. Source: 10-Q filed 2026-09-02.

Metric	Value	Context
ROIC	13.9%	Solid returns
FCF Margin	22.3%	Strong cash generation
Debt/Equity	0.4x	Conservative leverage

ROIC 13.9% — Top 25% of sector peers. FCF margin 22.3% — Top 5%.

Explore Keysight Technologies, Inc.: Earnings History | Overview

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for KEYS: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_section, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: Keysight Technologies, Inc. earns 13.9% ROIC, Top 25% in Other

ROIC TTM 13.9%, sector median 5.5%, Top 25%. DuPont: NOPAT margin 18.3% × asset turnover 0.6x. Gross margin 64.7%. Operating margin 20.3%. Source: 10-Q filed 2026-09-02.

Metric	KEYS	Rating	Context
Return on Invested Capital (ROIC)	13.9%	Good	Above sector median of 5.5%
Return on Equity (ROE)	20.5%	Excellent	Efficient use of shareholder equity
Gross Margin	64.7%	Excellent	Strong pricing power
Operating Margin	20.3%	Excellent	Efficient operations

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Cash Flow: Keysight Technologies, Inc. generates $1.5B FCF at 22.3% margin, positive NaN/8 quarters

FCF TTM $1.5B. FCF margin 22.3%, Top 5%. OCF/Net income 1.3x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-09-02.

Metric	KEYS	Rating	Context
Free Cash Flow Margin	22.3%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$1.5B	Good	Positive cash generation
OCF/Net Income	1.3x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: Keysight Technologies, Inc. at 0.4x leverage, 12.3x interest coverage

Debt/Equity 0.4x. Net cash $88.0M. Interest coverage 12.3x. Source: 10-Q filed 2026-09-02.

Metric	KEYS	Rating	Context
Debt to Equity	0.4x	Good	Conservative capital structure
Net Cash Position	$88.0M	Excellent	Net cash positive
Interest Coverage	12.3x	Excellent	Comfortable debt service

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Valuation: Keysight Technologies, Inc. trades at 41.1x earnings

P/E 41.1x. EV/Sales 7.9x. FCF yield 2.8%. Source: 10-Q filed 2026-09-02.

Metric	KEYS	Rating	Context
P/E Ratio	41.1x	Adequate	Premium valuation
EV/Sales	7.9x	Adequate	Growth premium priced in
FCF Yield	2.8%	Adequate	Lower cash yield

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Capital Allocation: Keysight Technologies, Inc. returns 1.2% shareholder yield, reducing shares 0.9% YoY

Total shareholder yield 1.2% (buyback 1.2%). Share count -0.9% YoY. Capital returned $617.0M TTM. Source: 10-Q filed 2026-09-02.

Metric	KEYS	Rating	Context
Total Shareholder Yield	1.2%	Adequate	Dividend + buyback yield combined
Buyback Yield	1.2%	Adequate	Minimal buyback activity
Share Count Change (YoY)	-0.9%	Adequate	Net share reduction (accretive)
Total Capital Returned (TTM)	$617.0M	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	13.9%	Top 25%	2.5x above
Free Cash Flow Margin	22.3%	Top 5%	11.5x above
Gross Margin	64.7%	Top 25%	2.2x above
Operating Margin	20.3%	Top 50%	2.4x above
Return on Equity (ROE)	20.5%	Top 10%	3.4x above
P/E Ratio	41.1x	N/A	-

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Financial Scorecard

Metric	KEYS	Rating	Sector Context
Return on Invested Capital (ROIC)	13.9%	Good	Top 25% of sector (median: 5.5%)
Free Cash Flow Margin	22.3%	Excellent	Top 5% of sector (median: 1.9%)
Gross Margin	64.7%	Excellent	Top 25% of sector (median: 29.1%)
Debt to Equity Ratio	38.3%	Good	Moderate leverage
P/E Ratio (Price-to-Earnings)	41.1x	Adequate	High expectations priced in
Free Cash Flow Yield	2.8%	Warning	Growth-focused valuation

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Frequently Asked Questions

Q: What is Keysight Technologies, Inc.'s Return on Invested Capital (ROIC)?

Keysight Technologies, Inc. (KEYS) has a trailing twelve-month Return on Invested Capital (ROIC) of 13.9%. The 8-quarter median ROIC is 9.9% with a improving trend. Sector median 5.5%. Source: 10-Q filed 2026-09-02.

Q: What is Keysight Technologies, Inc.'s Free Cash Flow Margin?

Keysight Technologies, Inc. (KEYS) has a free cash flow margin of 22.3%, generating $1.5 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-09-02.

Q: What is Keysight Technologies, Inc.'s P/E ratio and how does it compare to peers?

Keysight Technologies, Inc. (KEYS) trades at a P/E ratio of 41.1x, which is above the sector median of N/A. EV/Sales 7.9x. FCF yield 2.8%. Source: 10-Q filed 2026-09-02.

Q: What is Keysight Technologies, Inc.'s revenue and earnings growth?

Keysight Technologies, Inc. (KEYS) grew revenue by 25.5% year-over-year. EPS +132.6% YoY. Source: 10-Q filed 2026-09-02.

Q: Is Keysight Technologies, Inc. buying back stock?

Keysight Technologies, Inc. (KEYS) repurchased $617.0 million of stock over the trailing twelve months. This represents a buyback yield of 1.2%. Share count -0.9% YoY. Source: 10-Q filed 2026-09-02.

Q: How does Keysight Technologies, Inc. compare to competitors in Other?

Compared to other companies in Other, Keysight Technologies, Inc. (KEYS) shows: ROIC 13.9%, sector median 5.5% (Top 25%). FCF margin 22.3%, sector median 1.9% (Top 5%). Gross margin 64.7%, 35.6pp above sector median. These rankings are based on MetricDuck's analysis of all Other companies with available SEC filings.

Q: What warning signs should I watch for with Keysight Technologies, Inc.?

No quantitative warning flags fired for Keysight Technologies, Inc. (KEYS) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2026-09-02.

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Data Source: Data sourced from 10-Q filed 2026-09-02. TTM metrics as of Q3 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.