vs
Side-by-side financial comparison of DONALDSON Co INC (DCI) 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 $935.4M, roughly 1.5× DONALDSON Co INC). Keysight Technologies runs the higher net margin — 16.4% vs 12.2%, a 4.2% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 3.9%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $111.2M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (6.2% CAGR vs 3.3%).
Donaldson Company, Inc. is a filtration company engaged in the production and marketing of filtration products used in a variety of industry sectors, including commercial/industrial, aerospace, chemical, alternative energy (windmills), food & beverage, and pharmaceuticals. Also the company's research division, located in Minneapolis, Minn., participated in defense-related projects for various military applications.
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.
DCI vs KEYS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $1.4B |
| Net Profit | $113.9M | $233.0M |
| Gross Margin | 35.2% | 61.2% |
| Operating Margin | 16.0% | 15.3% |
| Net Margin | 12.2% | 16.4% |
| Revenue YoY | 3.9% | 10.3% |
| Net Profit YoY | 15.1% | 419.2% |
| EPS (diluted) | $0.97 | $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 | $935.4M | $1.4B | ||
| Q3 25 | $980.7M | $1.4B | ||
| Q2 25 | $940.1M | $1.3B | ||
| Q1 25 | $870.0M | $1.3B | ||
| Q4 24 | $900.1M | $1.3B | ||
| Q3 24 | $935.4M | $1.2B | ||
| Q2 24 | $927.9M | $1.2B | ||
| Q1 24 | $876.7M | $1.3B |
| Q4 25 | $113.9M | $233.0M | ||
| Q3 25 | $114.3M | $191.0M | ||
| Q2 25 | $57.8M | $257.0M | ||
| Q1 25 | $95.9M | $169.0M | ||
| Q4 24 | $99.0M | $-73.0M | ||
| Q3 24 | $109.7M | $389.0M | ||
| Q2 24 | $113.5M | $126.0M | ||
| Q1 24 | $98.7M | $172.0M |
| Q4 25 | 35.2% | 61.2% | ||
| Q3 25 | 34.5% | 61.7% | ||
| Q2 25 | 34.2% | 62.3% | ||
| Q1 25 | 35.2% | 63.2% | ||
| Q4 24 | 35.5% | 62.3% | ||
| Q3 24 | 35.8% | 62.0% | ||
| Q2 24 | 35.6% | 62.7% | ||
| Q1 24 | 35.2% | 64.6% |
| Q4 25 | 16.0% | 15.3% | ||
| Q3 25 | 15.5% | 17.3% | ||
| Q2 25 | 9.3% | 15.8% | ||
| Q1 25 | 14.4% | 16.8% | ||
| Q4 24 | 14.5% | 17.9% | ||
| Q3 24 | 15.6% | 16.8% | ||
| Q2 24 | 15.5% | 14.6% | ||
| Q1 24 | 14.8% | 17.6% |
| Q4 25 | 12.2% | 16.4% | ||
| Q3 25 | 11.7% | 14.1% | ||
| Q2 25 | 6.1% | 19.7% | ||
| Q1 25 | 11.0% | 13.0% | ||
| Q4 24 | 11.0% | -5.7% | ||
| Q3 24 | 11.7% | 32.0% | ||
| Q2 24 | 12.2% | 10.4% | ||
| Q1 24 | 11.3% | 13.7% |
| Q4 25 | $0.97 | $1.35 | ||
| Q3 25 | $0.97 | $1.10 | ||
| Q2 25 | $0.48 | $1.49 | ||
| Q1 25 | $0.79 | $0.97 | ||
| Q4 24 | $0.81 | $-0.41 | ||
| Q3 24 | $0.90 | $2.22 | ||
| Q2 24 | $0.92 | $0.72 | ||
| Q1 24 | $0.81 | $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 | $210.7M | $1.9B |
| Total DebtLower is stronger | $671.5M | $2.5B |
| Stockholders' EquityBook value | $1.5B | $5.9B |
| Total Assets | $3.0B | $11.3B |
| Debt / EquityLower = less leverage | 0.44× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $1.9B | ||
| Q3 25 | $180.4M | $2.6B | ||
| Q2 25 | $178.5M | $3.1B | ||
| Q1 25 | $189.1M | $2.1B | ||
| Q4 24 | $221.2M | $1.8B | ||
| Q3 24 | $232.7M | $1.6B | ||
| Q2 24 | $223.7M | $1.7B | ||
| Q1 24 | $193.8M | $1.7B |
| Q4 25 | $671.5M | $2.5B | ||
| Q3 25 | $630.4M | $2.5B | ||
| Q2 25 | $638.8M | $2.5B | ||
| Q1 25 | $514.7M | $1.8B | ||
| Q4 24 | $538.6M | $1.8B | ||
| Q3 24 | $483.4M | $1.8B | ||
| Q2 24 | $481.8M | $1.8B | ||
| Q1 24 | $352.0M | $1.8B |
| Q4 25 | $1.5B | $5.9B | ||
| Q3 25 | $1.5B | $5.7B | ||
| Q2 25 | $1.5B | $5.5B | ||
| Q1 25 | $1.5B | $5.2B | ||
| Q4 24 | $1.5B | $5.1B | ||
| Q3 24 | $1.5B | $5.2B | ||
| Q2 24 | $1.5B | $4.9B | ||
| Q1 24 | $1.4B | $4.8B |
| Q4 25 | $3.0B | $11.3B | ||
| Q3 25 | $3.0B | $10.7B | ||
| Q2 25 | $3.0B | $10.5B | ||
| Q1 25 | $3.0B | $9.4B | ||
| Q4 24 | $3.0B | $9.3B | ||
| Q3 24 | $2.9B | $9.3B | ||
| Q2 24 | $2.9B | $9.0B | ||
| Q1 24 | $2.8B | $9.1B |
| Q4 25 | 0.44× | 0.43× | ||
| Q3 25 | 0.43× | 0.45× | ||
| Q2 25 | 0.44× | 0.46× | ||
| Q1 25 | 0.33× | 0.35× | ||
| Q4 24 | 0.35× | 0.35× | ||
| Q3 24 | 0.32× | 0.34× | ||
| Q2 24 | 0.32× | 0.37× | ||
| Q1 24 | 0.26× | 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 | $125.4M | $225.0M |
| Free Cash FlowOCF − Capex | $111.2M | $187.0M |
| FCF MarginFCF / Revenue | 11.9% | 13.2% |
| Capex IntensityCapex / Revenue | 1.5% | 2.7% |
| Cash ConversionOCF / Net Profit | 1.10× | 0.97× |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $225.0M | ||
| Q3 25 | $167.8M | $322.0M | ||
| Q2 25 | $87.7M | $484.0M | ||
| Q1 25 | $90.4M | $378.0M | ||
| Q4 24 | $72.9M | $359.0M | ||
| Q3 24 | $126.0M | $255.0M | ||
| Q2 24 | $141.5M | $110.0M | ||
| Q1 24 | $87.0M | $328.0M |
| Q4 25 | $111.2M | $187.0M | ||
| Q3 25 | $147.5M | $291.0M | ||
| Q2 25 | $73.0M | $457.0M | ||
| Q1 25 | $71.5M | $346.0M | ||
| Q4 24 | $47.9M | $321.0M | ||
| Q3 24 | $106.2M | $222.0M | ||
| Q2 24 | $120.2M | $74.0M | ||
| Q1 24 | $65.7M | $281.0M |
| Q4 25 | 11.9% | 13.2% | ||
| Q3 25 | 15.0% | 21.5% | ||
| Q2 25 | 7.8% | 35.0% | ||
| Q1 25 | 8.2% | 26.7% | ||
| Q4 24 | 5.3% | 24.9% | ||
| Q3 24 | 11.4% | 18.2% | ||
| Q2 24 | 13.0% | 6.1% | ||
| Q1 24 | 7.5% | 22.3% |
| Q4 25 | 1.5% | 2.7% | ||
| Q3 25 | 2.1% | 2.3% | ||
| Q2 25 | 1.6% | 2.1% | ||
| Q1 25 | 2.2% | 2.5% | ||
| Q4 24 | 2.8% | 3.0% | ||
| Q3 24 | 2.1% | 2.7% | ||
| Q2 24 | 2.3% | 3.0% | ||
| Q1 24 | 2.4% | 3.7% |
| Q4 25 | 1.10× | 0.97× | ||
| Q3 25 | 1.47× | 1.69× | ||
| Q2 25 | 1.52× | 1.88× | ||
| Q1 25 | 0.94× | 2.24× | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 1.15× | 0.66× | ||
| Q2 24 | 1.25× | 0.87× | ||
| Q1 24 | 0.88× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
