
Keysight Technologies Income Statement 2025-2011 | KEYS
Brief overview of income trends at Keysight Technologies
The comparison covers a five-year financial horizon. Revenue at Keysight Technologies moved from $4.2 billion in 2020 to $5.4 billion in 2025. The five-year change reached +27.3%, while CAGR stood at 5%. Revenue was effectively stagnant over the period.
Gross profit was 2.5 billion dollars at the start and 3.3 billion dollars at the end of the period (+31.7%). The relationship between sales and direct costs improved over the period. At the margin level, the figure shifted from 60% to 62.1%. The business retained more gross profit from each unit of revenue.
EBITDA was 869 million dollars at the beginning and 1 billion dollars at the end of the period (+15.9%). EBITDA lagged revenue, showing weaker operating momentum. At the operating-margin level, the figure shifted from 20.6% to 18.7%. The operating margin showed no pronounced shift.
The net result moved from 627 million dollars to 850 million dollars, or +35.6%. Net earnings remained broadly steady over the period.
Market value was $24.7 billion at the start and $27.2 billion at the end. The market broadly confirmed the positive direction of the business.
Conclusion
The five-year picture requires weighing both strengths and weaknesses. The constructive conclusion rests on a stronger gross margin and net-income growth. The weaker side of the profile includes limited revenue growth and pressure on operating profitability. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Keysight Technologies
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
27.2 B | 28.9 B | 28.3 B | 32.9 B | 38.2 B | 24.7 B | 20.1 B | 11.6 B | 7.83 B | 6.26 B | 5.21 B | 5.88 B | - | - | - |
Shares |
172 M | 174 M | 178 M | 180 M | 185 M | 187 M | 188 M | 187 M | 180 M | 170 M | 169 M | 167 M | - | - | - |
Historical Prices |
158 | 166 | 159 | 183 | 207 | 132 | 103 | 62.1 | 41.6 | 36.6 | 28.3 | 33.8 | - | - | - |
Net Income |
850 M | 614 M | 1.06 B | 1.12 B | 894 M | 627 M | 621 M | 165 M | 102 M | 335 M | 513 M | 392 M | 457 M | 841 M | 787 M |
Revenue |
5.38 B | 4.98 B | 5.46 B | 5.42 B | 4.94 B | 4.22 B | 4.3 B | 3.88 B | 3.19 B | 2.92 B | 2.86 B | 2.93 B | 2.89 B | 3.32 B | 3.32 B |
Cost of Revenue |
2.04 B | 1.85 B | 1.93 B | 1.97 B | 1.87 B | 1.69 B | 1.77 B | 1.77 B | 1.49 B | 1.29 B | 1.27 B | 1.31 B | 1.26 B | - | - |
Gross Profit |
- | - | - | - | - | - | 2.53 B | 2.12 B | 1.7 B | 1.62 B | 1.59 B | 1.62 B | 1.62 B | 1.88 B | 1.92 B |
Operating Income |
876 M | 833 M | 1.36 B | 1.33 B | 1.08 B | 765 M | 711 M | -394 M | 148 M | 375 M | 431 M | 469 M | 496 M | - | - |
Interest Expense |
96 M | 84 M | 78 M | 79 M | 79 M | 78 M | 80 M | 83 M | 80 M | 47 M | 46 M | 3 M | - | - | - |
EBITDA |
1.01 B | 959 M | 1.48 B | 1.45 B | 1.2 B | 869 M | 1.02 B | 673 M | 464 M | 540 M | 530 M | 553 M | 573 M | 798 M | 793 M |
Operating Expenses |
- | - | - | - | - | - | 1.82 B | 1.76 B | 1.46 B | 1.22 B | 1.16 B | 1.15 B | 1.13 B | 1.15 B | 1.19 B |
General and Administrative Expenses |
1.47 B | 1.4 B | 1.31 B | 1.28 B | 1.2 B | 1.1 B | 1.16 B | 1.18 B | 1.05 B | 818 M | 787 M | 790 M | - | - | - |
All numbers in USD currency
Quarterly Income Statement Keysight Technologies
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
171 M | 172 M | 172 M | 172 M | 172 M | 172 M | 173 M | 174 M | 174 M | 174 M | 175 M | 178 M | 178 M | 178 M | 178 M | 181 M | 179 M | 181 M | 186 M | 185 M | 184 M | 185 M | 188 M | 187 M | 187 M | 187 M | 187 M | 188 M | 188 M | 188 M | 187 M | 187 M | 188 M | 188 M | 171 M | 178 M | 186 M | 177 M | 171 M | 170 M | 170 M | 170 M | 168 M | 169 M | 169 M | 169 M | 167 M | 167 M | 167 M | 167 M | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
349 M | 281 M | 281 M | 191 M | 191 M | 257 M | 169 M | 389 M | 389 M | 126 M | 172 M | 288 M | 288 M | 283 M | 260 M | 825 M | 338 M | 258 M | 172 M | 612 M | 254 M | 186 M | 163 M | 410 M | 176 M | 71 M | 114 M | 426 M | 159 M | 153 M | 94 M | 279 M | 121 M | 64 M | 109 M | 140 M | -18 M | 49 M | 64 M | 243 M | 91 M | 88 M | 70 M | 236 M | 70 M | 96 M | 74 M | 291 M | 107 M | 110 M | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
1.72 B | 1.6 B | 1.6 B | 1.35 B | 1.35 B | 1.31 B | 1.3 B | 1.22 B | 1.22 B | 1.22 B | 1.26 B | 1.38 B | 1.38 B | 1.39 B | 1.38 B | 3.98 B | 1.38 B | 1.35 B | 1.25 B | 3.65 B | 1.25 B | 1.22 B | 1.1 B | 3 B | 1.01 B | 895 M | 1.01 B | 3.18 B | 1.09 B | 1.09 B | 837 M | 2.83 B | 1 B | 990 M | 726 M | 2.31 B | 832 M | 753 M | 721 M | 2.17 B | 715 M | 731 M | 701 M | 2.11 B | 665 M | 740 M | 671 M | 2.17 B | 757 M | 743 M | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
539 M | 605 M | 605 M | 518 M | 518 M | 492 M | 478 M | 462 M | 462 M | 453 M | 446 M | 486 M | 486 M | 481 M | 498 M | 1.44 B | 499 M | 492 M | 473 M | 1.42 B | 458 M | 484 M | 440 M | 1.22 B | 405 M | 379 M | 428 M | 1.31 B | 444 M | 442 M | 410 M | 1.3 B | 439 M | 447 M | 322 M | 1.08 B | 421 M | 340 M | 329 M | 963 M | 309 M | 325 M | 318 M | 937 M | 295 M | 324 M | 299 M | 970 M | 343 M | 328 M | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
407 M | 248 M | 248 M | 234 M | 234 M | 207 M | 218 M | 205 M | 205 M | 177 M | 221 M | 365 M | 365 M | 354 M | 322 M | 955 M | 357 M | 327 M | 212 M | 731 M | 284 M | 235 M | 203 M | 487 M | 182 M | 102 M | 121 M | 503 M | 197 M | 185 M | -17 M | 186 M | 117 M | 86 M | 162 M | 200 M | -4 M | 42 M | 98 M | 299 M | 106 M | 95 M | 87 M | 320 M | 100 M | 133 M | 91 M | 339 M | 121 M | 127 M | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
18 M | -37 M | -37 M | 4 M | 4 M | 112 M | -18 M | 10 M | 10 M | - | 5 M | 19 M | 14 M | 5 M | 19 M | 59 M | 20 M | 19 M | 20 M | 59 M | 20 M | 19 M | 19 M | 59 M | 20 M | 20 M | 20 M | 60 M | 20 M | 20 M | 22 M | 63 M | 20 M | 21 M | 12 M | 58 M | 22 M | 24 M | 12 M | 35 M | 11 M | 12 M | 12 M | 35 M | 12 M | 11 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
484 M | 286 M | 286 M | 331 M | 267 M | 239 M | 249 M | 299 M | 236 M | 214 M | 251 M | 455 M | 388 M | 379 M | 351 M | 1.04 B | 383 M | 353 M | 240 M | 818 M | 317 M | 291 M | 227 M | 563 M | 232 M | 155 M | 145 M | 575 M | 245 M | 236 M | 61 M | 264 M | 170 M | 137 M | 194 M | 270 M | 69 M | 60 M | 131 M | 400 M | 173 M | 105 M | 110 M | 389 M | 146 M | 135 M | 110 M | 398 M | 160 M | 129 M | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
456 M | 447 M | 447 M | 354 M | 354 M | 360 M | 361 M | 329 M | 329 M | 361 M | 362 M | 319 M | 319 M | 337 M | 338 M | 962 M | 317 M | 319 M | 301 M | 900 M | 302 M | 297 M | 300 M | 810 M | 259 M | 251 M | 288 M | 869 M | 281 M | 300 M | 295 M | 894 M | 294 M | 305 M | 213 M | 755 M | 286 M | 256 M | 200 M | 607 M | 200 M | 207 M | 206 M | 581 M | 183 M | 192 M | 191 M | 592 M | 202 M | 199 M | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Keysight Technologies (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.