Keysight Technologies
KEYS · Electronic Equipment & Instruments
$314.77
1.0%Roper Technologies
ROP · Electronic Equipment & Instruments
$438.14
0.4%The short version
- Roper Technologies is the larger business, with $7.9B of revenue in fiscal 2025 against $5.4B for Keysight Technologies.
- Roper Technologies grew revenue faster (12.3%, against 8.0%).
- Roper Technologies kept more of each dollar of sales as operating profit (28.3% operating margin, against 16.3% operating margin).
- Roper Technologies turned more of its sales into free cash flow (31.6% FCF margin, against 23.8% FCF margin).
- Keysight Technologies earned a higher return on the capital invested in it (12.1%, against 6.4%).
- Investors pay more for each dollar of Keysight Technologies’s earnings: a P/E of 43.1x against 18.2x for Roper Technologies.
| Latest fiscal year | KEYS · FY25 | ROP · FY25 |
|---|---|---|
| Size | ||
| Market cap | $54.5B | $44.1B |
| Revenue | $5.4B | $7.9B |
| Free cash flow | $1.3B | $2.5B |
| Net income | $850M | $1.5B |
| Growth | ||
| Revenue growth | 8.0% | 12.3% |
| 5-year growth | 5.0% | 14.5% |
| Share count change | −1.1% | 0.2% |
| Profitability | ||
| Gross margin | 62.1% | 69.2% |
| Operating margin | 16.3% | 28.3% |
| Net margin | 15.8% | 19.4% |
| FCF margin | 23.8% | 31.6% |
| Return on capital | 12.1% | 6.4% |
| Return on equity | 15.5% | 7.9% |
| Balance sheet | ||
| Net debt | $661M | $9.0B |
| Net debt / EBITDA | 0.6x | 2.9x |
| Dividends and buybacks | $375M | $855M |
| Valuation & quality | ||
| P/E | 43.1x | 18.2x |
| Piotroski F-score | 6 | 5 |
FY16
KEYS $2.9B
ROP $3.8B
FY17
KEYS $3.2B
ROP $4.6B
FY18
KEYS $3.9B
ROP $5.2B
FY19
KEYS $4.3B
ROP $4.7B
FY20
KEYS $4.2B
ROP $4.0B
FY21
KEYS $4.9B
ROP $4.8B
FY22
KEYS $5.4B
ROP $5.4B
FY23
KEYS $5.5B
ROP $6.2B
FY24
KEYS $5.0B
ROP $7.0B
FY25
KEYS $5.4B
ROP $7.9B
KEYS
ROP
FY16
KEYS 13.9%
ROP 27.8%
FY17
KEYS 4.6%
ROP 26.3%
FY18
KEYS −10.2%
ROP 26.9%
FY19
KEYS 16.5%
ROP 28.1%
FY20
KEYS 18.1%
ROP 26.9%
FY21
KEYS 21.9%
ROP 25.7%
FY22
KEYS 24.6%
ROP 28.4%
FY23
KEYS 24.9%
ROP 28.3%
FY24
KEYS 16.7%
ROP 28.4%
FY25
KEYS 16.3%
ROP 28.3%
KEYS
ROP
FY16
KEYS $329M
ROP $927M
FY17
KEYS $256M
ROP $1.2B
FY18
KEYS $423M
ROP $1.4B
FY19
KEYS $878M
ROP $1.4B
FY20
KEYS $899M
ROP $1.5B
FY21
KEYS $1.1B
ROP $2.0B
FY22
KEYS $959M
ROP $695M
FY23
KEYS $1.2B
ROP $2.0B
FY24
KEYS $898M
ROP $2.3B
FY25
KEYS $1.3B
ROP $2.5B
KEYS
ROP
FY16
KEYS 20.5%
ROP 7.8%
FY17
KEYS 4.8%
ROP 10.1%
FY18
KEYS −12.4%
ROP 9.3%
FY19
KEYS 20.6%
ROP 8.0%
FY20
KEYS 19.3%
ROP 5.0%
FY21
KEYS 27.9%
ROP 5.0%
FY22
KEYS 31.4%
ROP 5.7%
FY23
KEYS 26.8%
ROP 6.0%
FY24
KEYS 13.0%
ROP 6.3%
FY25
KEYS 12.1%
ROP 6.4%
KEYS
ROP
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.