Keysight Technologies, Inc.

KEYSNYSETechnology● Active

$331.99

+$2.16(+0.65%)

Market Cap$56.9B

P/E Ratio—

52W High$370.175

52W Low$152.846

Avg Volume1.5M

Open$334.43

Beta1.22

Free Cash Flow Financials Revenue

Keysight Technologies, Inc. (KEYS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

KEYS · free cash flow · updated Jun 8, 2026

Core FCF metrics

KEYS · FCF · TTM · margin & CAGR

Free cash flow was $1.28B for FY2025 (fiscal year ending 2025-10-31), up 42.7% year-over-year The FCF margin was 23.8%. Five-year CAGR stands at +7.3%.

FY2025 Free Cash Flow$1.28B▲ +42.7% YoY

Trailing 12M (TTM)$1.45Btrailing 4 quarters sum

FCF Margin23.8%$1.28B ÷ revenue

3-Year CAGR+10.1%FY2022 → FY2025

5-Year CAGR+7.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

KEYS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.41B(128M)$1.28B▲ +42.7%23.8%

FY2024$1.05B(154M)$898.0M▼ 25.9%18.0%

FY2023$1.41B(196M)$1.21B▲ +26.4%22.2%

FY2022$1.14B(185M)$959.0M▼ 16.5%17.7%

FY2021$1.32B(174M)$1.15B▲ +27.7%23.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

KEYS · P/FCF · FCF yield · FCF per share

Keysight Technologies, Inc. (KEYS) trades at a FCF yield of 2.55% and a price-to-free-cash-flow ratio of 39.7x. FCF per share stands at $8.36, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.55%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.36

TTM FCF ÷ Shares Outstanding

Price / FCF

x39.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x39.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-10-31

Cash flow statement summary

KEYS · cash flow statement · operating / investing / financing

For FY2025, Keysight Technologies, Inc. generated $1.41B in operating cash flow and spent 128M in capital expenditures, yielding $1.28B in free cash flow.

Operating Activities

+$1.41B

Cash from core business operations

2025-10-31

Investing Activities

−$1.73B

CapEx, acquisitions & investments

2025-10-31

Financing Activities

+$385.0M

Buybacks, dividends & debt

2025-10-31

FCF FormulaOperating CF ($1.41B) − |CapEx| (128M) = FCF ($1.28B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

KEYS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Keysight Technologies, Inc.YOU

KEYS

$1.28B+42.7%23.8%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Keysight Technologies, Inc. (KEYS) reported free cash flow of $1.28B for FY2025 (fiscal year ending 2025-10-31), up 42.7% year-over-year. The FCF margin was 23.8%.

Based on available data, Keysight Technologies, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.28B in FY2025. The 5-year CAGR stands at +7.3%.

Keysight Technologies, Inc.'s FCF yield is 2.55% and price-to-FCF ratio is 39.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

KEYS free cash flow · 8 questions

Keysight Technologies, Inc. free cash flow was $1.28B for FY2025, up 42.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.45B.

KEYS free cash flowKEYS FCFKEYS FCF 2025KEYS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Keysight Technologies, Inc. · Keysight Technologies, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026