financial statements

The full income statement, balance sheet, and cash-flow statement for Keysight Technologies Inc. (KEYS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofOct 31 ’25	as ofOct 31 ’24	as ofOct 31 ’23	as ofOct 31 ’22	as ofOct 31 ’21
Revenue	5.38B YoY+8.0%	4.98B YoY-8.9%	5.46B YoY+0.8%	5.42B YoY+9.7%	4.94B YoY+17.1%
Cost of revenue	2.04B YoY+10.4%	1.85B YoY-4.5%	1.93B YoY-1.9%	1.97B YoY+5.2%	1.87B YoY+10.9%
Research & development	1.01B YoY+9.6%	919M YoY+4.2%	882M YoY+4.9%	841M YoY+3.7%	811M YoY+13.4%
Selling, general & administrative	1.47B YoY+5.7%	1.40B YoY+6.7%	1.31B YoY+1.9%	1.28B YoY+7.4%	1.20B YoY+8.9%
Amortization of intangibles	137M YoY-0.7%	138M YoY+53.3%	90.0M YoY-12.6%	103M YoY-40.8%	174M YoY-20.9%
Operating income	876M YoY+5.2%	833M YoY-38.7%	1.36B YoY+1.8%	1.33B YoY+23.5%	1.08B YoY+41.2%
Interest expense	96.0M YoY+14.3%	84.0M YoY+7.7%	78.0M YoY-1.3%	79.0M YoY+0.0%	79.0M YoY+1.3%
Interest & investment income	102M YoY+25.9%	81.0M YoY-20.6%	102M YoY+537.5%	16.0M YoY+433.3%	3.00M YoY-72.7%
Other non-operating income	200M YoY+471.4%	35.0M YoY+240.0%	-25.0M YoY-278.6%	14.0M YoY+133.3%	6.00M YoY-90.5%
Pre-tax income	1.08B YoY+25.1%	865M YoY-36.3%	1.36B YoY+5.6%	1.28B YoY+27.2%	1.01B YoY+32.7%
Income tax	213M YoY-15.1%	251M YoY-16.3%	300M YoY+86.3%	161M YoY+38.8%	116M YoY-13.4%
	850M YoY+38.4%	614M YoY-41.9%	1.06B YoY-6.0%	1.12B YoY+25.7%	894M YoY+42.6%
Income from continuing operations	869M YoY+41.5%	614M YoY-41.9%	1.06B	—	—
	$4.91 YoY+39.9%	$3.51 YoY-40.6%	$5.91 YoY-4.4%	$6.18 YoY+29.3%	$4.78 YoY+44.4%
EPS (basic)	$4.93 YoY+39.7%	$3.53 YoY-40.7%	$5.95 YoY-4.5%	$6.23 YoY+28.7%	$4.84 YoY+44.5%
Weighted-avg shares (basic)	172M YoY-1.1%	174M YoY-2.2%	178M YoY-1.1%	180M YoY-2.7%	185M YoY-1.1%
Weighted-avg shares (diluted)	173M YoY-1.1%	175M YoY-2.2%	179M YoY-1.6%	182M YoY-2.7%	187M YoY-1.1%
Balance Sheet	as ofOct 31 ’25	as ofOct 31 ’24	as ofOct 31 ’23	as ofOct 31 ’22	as ofOct 31 ’21
	4.35B YoY+2.1%	4.26B YoY-11.5%	4.81B YoY+13.6%	4.23B YoY+10.4%	3.83B YoY+13.6%
Cash & equivalents	1.87B YoY+4.3%	1.80B YoY-27.3%	2.47B YoY+21.1%	2.04B YoY-0.5%	2.05B YoY+16.9%
Short-term investments	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%
Accounts receivable	939M YoY+9.6%	857M YoY-4.8%	900M YoY-0.6%	905M YoY+23.1%	735M YoY+21.3%
Inventory	1.05B YoY+2.7%	1.02B YoY+3.8%	985M YoY+14.8%	858M YoY+10.4%	777M YoY+2.6%
Prepaid expenses	486M YoY-16.5%	582M YoY+28.8%	452M YoY+5.4%	429M YoY+58.9%	270M
Other current assets	201M YoY+28.0%	157M YoY+26.6%	124M YoY-16.8%	149M YoY+46.1%	102M YoY-60.0%
	11.3B YoY+21.9%	9.27B YoY+6.7%	8.68B YoY+7.2%	8.10B YoY+4.1%	7.78B YoY+7.8%
Property, plant & equipment	795M YoY+2.7%	774M YoY+1.7%	761M YoY+10.3%	690M YoY+6.2%	650M YoY+9.2%
Operating lease right-of-use	236M YoY+0.9%	234M YoY+3.5%	226M YoY+2.7%	220M YoY-3.1%	227M YoY+24.7%
Goodwill	3.42B YoY+43.4%	2.39B YoY+45.6%	1.64B YoY+3.7%	1.58B YoY-2.8%	1.63B YoY+5.9%
Intangible assets	1.30B YoY+114.8%	607M YoY+291.6%	155M YoY-18.0%	189M YoY-30.5%	272M YoY-24.7%
Long-term investments	211M YoY+91.8%	110M YoY+35.8%	81.0M YoY+30.6%	62.0M YoY-11.4%	70.0M YoY+14.8%
Deferred tax assets	373M YoY-1.3%	378M YoY-43.7%	671M YoY+0.6%	667M YoY-6.2%	711M YoY-3.9%
Other non-current assets	610M YoY+17.1%	521M YoY+53.2%	340M YoY-25.1%	454M YoY+16.7%	389M YoY+5.7%
	1.85B YoY+29.6%	1.43B YoY-30.4%	2.05B YoY+45.6%	1.41B YoY+7.5%	1.31B YoY+21.1%
Accounts payable	355M YoY+13.4%	313M YoY+9.4%	286M YoY-17.8%	348M YoY+21.3%	287M YoY+28.1%
Deferred revenue	652M YoY+16.2%	561M YoY+3.7%	541M YoY+9.3%	495M YoY+3.6%	478M YoY+22.3%
Short-term & current debt	0.00	0.00 YoY-100.0%	599M	0.00	0.00
Current lease liability	51.0M YoY+18.6%	43.0M YoY+7.5%	40.0M YoY+2.6%	39.0M YoY-4.9%	41.0M YoY-4.7%
Other current liabilities	186M YoY+48.8%	125M YoY-33.9%	189M YoY+96.9%	96.0M YoY+29.7%	74.0M YoY+5.7%
	5.42B YoY+30.2%	4.16B YoY+3.4%	4.03B YoY+2.3%	3.94B YoY-1.5%	4.00B YoY+1.9%
Long-term debt	2.53B YoY+41.6%	1.79B YoY+49.8%	1.20B YoY-33.4%	1.79B YoY+0.1%	1.79B YoY+0.1%
Deferred revenue (non-current)	232M YoY+12.6%	206M YoY-4.6%	216M YoY+9.6%	197M YoY+5.3%	187M YoY+6.9%
Non-current lease liability	193M YoY-2.0%	197M YoY+2.6%	192M YoY+3.2%	186M YoY-2.6%	191M YoY+28.2%
Deferred tax liabilities	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%
Other non-current liabilities	536M YoY+15.8%	463M YoY+47.9%	313M YoY+5.7%	296M YoY-15.9%	352M YoY-3.6%
	5.88B YoY+15.2%	5.11B YoY+9.7%	4.65B YoY+11.8%	4.16B YoY+10.0%	3.78B YoY+14.8%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%
Additional paid-in capital	2.85B YoY+7.0%	2.66B YoY+7.1%	2.49B YoY+6.6%	2.33B YoY+5.1%	2.22B YoY+5.2%
Retained earnings	7.08B YoY+13.7%	6.22B YoY+10.9%	5.61B YoY+23.2%	4.55B YoY+32.8%	3.43B YoY+35.3%
Treasury stock	3.80B YoY+11.0%	3.42B YoY+14.8%	2.98B YoY+31.0%	2.27B YoY+59.6%	1.43B YoY+89.5%
Accumulated other comprehensive income	-248M YoY+31.9%	-364M YoY+21.9%	-466M YoY-2.6%	-454M YoY-2.7%	-442M YoY+26.2%
Total equity incl. non-controlling	5.88B YoY+15.2%	5.11B YoY+9.7%	4.65B YoY+11.8%	4.16B YoY+10.0%	3.78B YoY+14.8%
Total liabilities & equity	11.3B YoY+21.9%	9.27B YoY+6.7%	8.68B YoY+7.2%	8.10B YoY+4.1%	7.78B YoY+7.8%
Common shares issued	202M YoY+0.5%	201M YoY+0.5%	200M YoY+0.5%	199M YoY+1.0%	197M YoY+0.5%
Common shares outstanding	171M YoY+0.0%	171M YoY+0.0%	171M YoY+0.0%	171M YoY+0.0%	171M YoY+0.0%
Shares outstanding (cover)	172M YoY-1.0%	174M YoY-2.3%	178M YoY-0.7%	179M YoY-2.9%	184M YoY-1.6%
Cash Flow	as ofOct 31 ’25	as ofOct 31 ’24	as ofOct 31 ’23	as ofOct 31 ’22	as ofOct 31 ’21
	1.41B YoY+33.9%	1.05B YoY-25.3%	1.41B YoY+23.1%	1.14B YoY-13.5%	1.32B YoY+30.1%
Depreciation & amortization	131M YoY+4.0%	126M YoY+5.0%	120M YoY+2.6%	117M YoY+0.0%	117M YoY+12.5%
Share-based compensation	162M YoY+18.2%	137M YoY+1.5%	135M YoY+8.0%	125M YoY+21.4%	103M YoY+12.0%
Deferred income taxes	-116M YoY-143.3%	268M YoY+9033.3%	-3.00M YoY-142.9%	7.00M YoY+113.2%	-53.0M YoY-229.3%
Change in receivables	-23.0M YoY+67.6%	-71.0M YoY-407.1%	-14.0M YoY-106.9%	204M YoY+67.2%	122M YoY+262.7%
Change in inventory	24.0M YoY-51.0%	49.0M YoY-66.9%	148M YoY+18.4%	125M YoY+190.7%	43.0M YoY-41.1%
Change in payables	26.0M YoY+0.0%	26.0M YoY+141.9%	-62.0M YoY-210.7%	56.0M YoY+5.7%	53.0M YoY+260.6%
	-1.73B YoY-110.9%	-819M YoY-184.4%	-288M YoY-14.7%	-251M YoY+28.9%	-353M YoY+20.1%
Capital expenditure	128M YoY-16.9%	154M YoY-21.8%	197M YoY+6.5%	185M YoY+6.3%	174M YoY+48.7%
Acquisitions	2.02B YoY+196.9%	681M YoY+701.2%	85.0M YoY+157.6%	33.0M YoY-81.5%	178M YoY-50.1%
Purchases of investments	—	11.0M YoY+57.1%	7.00M YoY-78.8%	33.0M YoY+3200.0%	1.00M
Sales/maturities of investments	—	—	—	—	0.00
Other investing activities	7.00M YoY+250.0%	2.00M YoY-71.4%	7.00M	0.00 YoY-100.0%	1.00M
	385M YoY+142.2%	-913M YoY-32.9%	-687M YoY+20.2%	-861M YoY-28.3%	-671M YoY-62.5%
Common stock repurchased	375M YoY-14.6%	439M YoY-37.5%	702M YoY-17.3%	849M YoY+26.2%	673M YoY+63.7%
Other financing activities	-2.00M YoY+80.0%	-10.0M YoY-233.3%	-3.00M YoY-200.0%	-1.00M YoY+75.0%	-4.00M YoY+42.9%
FX effect on cash	9.00M YoY+50.0%	6.00M YoY+400.0%	-2.00M YoY+95.3%	-43.0M YoY-1533.3%	3.00M YoY-50.0%
Net change in cash	76.0M YoY+111.3%	-674M YoY-256.4%	431M YoY+4018.2%	-11.0M YoY-103.7%	301M YoY+80.2%
Interest paid	77.0M YoY+2.7%	75.0M YoY+0.0%	75.0M YoY+0.0%	75.0M YoY+0.0%	75.0M YoY+0.0%
Income taxes paid	120M YoY-17.8%	146M YoY-57.4%	343M YoY+79.6%	191M YoY+46.9%	130M YoY+54.8%
Valuation Ratios	as ofOct 31 ’25	as ofOct 31 ’24	as ofOct 31 ’23	as ofOct 31 ’22	as ofOct 31 ’21
Market cap	31.4B YoY+21.6%	25.9B YoY+19.3%	21.7B YoY-30.4%	31.1B YoY-6.1%	33.2B YoY+69.0%
P/E	37.0× YoY-12.2%	42.1× YoY+105.4%	20.5× YoY-26.0%	27.7× YoY-30.8%	40.0× YoY+23.4%
P/S	5.8× YoY+12.6%	5.2× YoY+30.9%	4.0× YoY-31.0%	5.7× YoY-15.7%	6.8× YoY+43.2%
P/B	5.3× YoY+5.5%	5.1× YoY+8.8%	4.7× YoY-37.8%	7.5× YoY-15.4%	8.8× YoY+51.2%
P/FCF	24.5× YoY-14.8%	28.8× YoY+60.9%	17.9× YoY-44.9%	32.5× YoY+13.7%	28.6× YoY+20.0%
Earnings yield	2.7% YoY+13.9%	2.4% YoY-51.3%	4.9% YoY+35.1%	3.6% YoY+44.4%	2.5% YoY-19.0%
FCF yield	4.1% YoY+17.3%	3.5% YoY-37.9%	5.6% YoY+81.4%	3.1% YoY-12.0%	3.5% YoY-16.7%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: KEYS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all KEYS filings on SEC EDGAR → Not investment advice.

KEYS▼ financial statements

About this data

financial statements