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Side-by-side financial comparison of COMERICA INC (CMA) and Keysight Technologies (KEYS). Click either name above to swap in a different company.
Keysight Technologies is the larger business by last-quarter revenue ($1.4B vs $838.0M, roughly 1.7× COMERICA INC). COMERICA INC runs the higher net margin — 21.0% vs 16.4%, a 4.6% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 6.2%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced, from the late 1960s to the turn of the millennium, by Hewlett-Packard's Test and Measurement division. Its name is a portmanteau of key and insight.
CMA vs KEYS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $1.4B |
| Net Profit | $176.0M | $233.0M |
| Gross Margin | — | 61.2% |
| Operating Margin | — | 15.3% |
| Net Margin | 21.0% | 16.4% |
| Revenue YoY | 3.3% | 10.3% |
| Net Profit YoY | -4.3% | 419.2% |
| EPS (diluted) | $1.35 | $1.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $1.4B | ||
| Q3 25 | $838.0M | $1.4B | ||
| Q2 25 | $849.0M | $1.3B | ||
| Q1 25 | $829.0M | $1.3B | ||
| Q4 24 | $825.0M | $1.3B | ||
| Q3 24 | $811.0M | $1.2B | ||
| Q2 24 | $824.0M | $1.2B | ||
| Q1 24 | $784.0M | $1.3B |
| Q4 25 | — | $233.0M | ||
| Q3 25 | $176.0M | $191.0M | ||
| Q2 25 | $199.0M | $257.0M | ||
| Q1 25 | $172.0M | $169.0M | ||
| Q4 24 | $170.0M | $-73.0M | ||
| Q3 24 | $184.0M | $389.0M | ||
| Q2 24 | $206.0M | $126.0M | ||
| Q1 24 | $138.0M | $172.0M |
| Q4 25 | — | 61.2% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | — | 62.3% | ||
| Q1 25 | — | 63.2% | ||
| Q4 24 | — | 62.3% | ||
| Q3 24 | — | 62.0% | ||
| Q2 24 | — | 62.7% | ||
| Q1 24 | — | 64.6% |
| Q4 25 | — | 15.3% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | — | 17.6% |
| Q4 25 | — | 16.4% | ||
| Q3 25 | 21.0% | 14.1% | ||
| Q2 25 | 23.4% | 19.7% | ||
| Q1 25 | 20.7% | 13.0% | ||
| Q4 24 | 20.6% | -5.7% | ||
| Q3 24 | 22.7% | 32.0% | ||
| Q2 24 | 25.0% | 10.4% | ||
| Q1 24 | 17.6% | 13.7% |
| Q4 25 | — | $1.35 | ||
| Q3 25 | $1.35 | $1.10 | ||
| Q2 25 | $1.42 | $1.49 | ||
| Q1 25 | $1.25 | $0.97 | ||
| Q4 24 | $1.22 | $-0.41 | ||
| Q3 24 | $1.33 | $2.22 | ||
| Q2 24 | $1.49 | $0.72 | ||
| Q1 24 | $0.98 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.9B |
| Total DebtLower is stronger | $5.4B | $2.5B |
| Stockholders' EquityBook value | $7.4B | $5.9B |
| Total Assets | $77.4B | $11.3B |
| Debt / EquityLower = less leverage | 0.73× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | — | $2.5B | ||
| Q3 25 | $5.4B | $2.5B | ||
| Q2 25 | $5.8B | $2.5B | ||
| Q1 25 | $5.7B | $1.8B | ||
| Q4 24 | $6.7B | $1.8B | ||
| Q3 24 | $6.8B | $1.8B | ||
| Q2 24 | $7.1B | $1.8B | ||
| Q1 24 | $7.1B | $1.8B |
| Q4 25 | — | $5.9B | ||
| Q3 25 | $7.4B | $5.7B | ||
| Q2 25 | $6.9B | $5.5B | ||
| Q1 25 | $7.1B | $5.2B | ||
| Q4 24 | $6.5B | $5.1B | ||
| Q3 24 | $7.4B | $5.2B | ||
| Q2 24 | $6.2B | $4.9B | ||
| Q1 24 | $6.0B | $4.8B |
| Q4 25 | — | $11.3B | ||
| Q3 25 | $77.4B | $10.7B | ||
| Q2 25 | $78.0B | $10.5B | ||
| Q1 25 | $77.6B | $9.4B | ||
| Q4 24 | $79.3B | $9.3B | ||
| Q3 24 | $79.7B | $9.3B | ||
| Q2 24 | $79.6B | $9.0B | ||
| Q1 24 | $79.4B | $9.1B |
| Q4 25 | — | 0.43× | ||
| Q3 25 | 0.73× | 0.45× | ||
| Q2 25 | 0.84× | 0.46× | ||
| Q1 25 | 0.81× | 0.35× | ||
| Q4 24 | 1.02× | 0.35× | ||
| Q3 24 | 0.92× | 0.34× | ||
| Q2 24 | 1.15× | 0.37× | ||
| Q1 24 | 1.18× | 0.38× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-270.0M | $225.0M |
| Free Cash FlowOCF − Capex | — | $187.0M |
| FCF MarginFCF / Revenue | — | 13.2% |
| Capex IntensityCapex / Revenue | — | 2.7% |
| Cash ConversionOCF / Net Profit | -1.53× | 0.97× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $225.0M | ||
| Q3 25 | $-270.0M | $322.0M | ||
| Q2 25 | $476.0M | $484.0M | ||
| Q1 25 | $273.0M | $378.0M | ||
| Q4 24 | $601.0M | $359.0M | ||
| Q3 24 | $1.0B | $255.0M | ||
| Q2 24 | $111.0M | $110.0M | ||
| Q1 24 | $-205.0M | $328.0M |
| Q4 25 | — | $187.0M | ||
| Q3 25 | — | $291.0M | ||
| Q2 25 | — | $457.0M | ||
| Q1 25 | — | $346.0M | ||
| Q4 24 | — | $321.0M | ||
| Q3 24 | — | $222.0M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | $281.0M |
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 22.3% |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | 0.97× | ||
| Q3 25 | -1.53× | 1.69× | ||
| Q2 25 | 2.39× | 1.88× | ||
| Q1 25 | 1.59× | 2.24× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 5.70× | 0.66× | ||
| Q2 24 | 0.54× | 0.87× | ||
| Q1 24 | -1.49× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
Segment breakdown not available.
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
