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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) 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 $1.2B, roughly 1.2× eXp World Holdings, Inc.). Keysight Technologies runs the higher net margin — 16.4% vs -1.1%, a 17.5% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 8.5%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $11.9M). Over the past eight quarters, eXp World Holdings, Inc.'s revenue compounded faster (12.4% CAGR vs 6.2%).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

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.

EXPI vs KEYS — Head-to-Head

Bigger by revenue
KEYS
KEYS
1.2× larger
KEYS
$1.4B
$1.2B
EXPI
Growing faster (revenue YoY)
KEYS
KEYS
+1.7% gap
KEYS
10.3%
8.5%
EXPI
Higher net margin
KEYS
KEYS
17.5% more per $
KEYS
16.4%
-1.1%
EXPI
More free cash flow
KEYS
KEYS
$175.1M more FCF
KEYS
$187.0M
$11.9M
EXPI
Faster 2-yr revenue CAGR
EXPI
EXPI
Annualised
EXPI
12.4%
6.2%
KEYS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPI
EXPI
KEYS
KEYS
Revenue
$1.2B
$1.4B
Net Profit
$-12.9M
$233.0M
Gross Margin
61.2%
Operating Margin
-1.1%
15.3%
Net Margin
-1.1%
16.4%
Revenue YoY
8.5%
10.3%
Net Profit YoY
-35.7%
419.2%
EPS (diluted)
$-0.08
$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.

Revenue
EXPI
EXPI
KEYS
KEYS
Q4 25
$1.2B
$1.4B
Q3 25
$1.3B
$1.4B
Q2 25
$1.3B
$1.3B
Q1 25
$954.9M
$1.3B
Q4 24
$1.1B
$1.3B
Q3 24
$1.2B
$1.2B
Q2 24
$1.3B
$1.2B
Q1 24
$943.1M
$1.3B
Net Profit
EXPI
EXPI
KEYS
KEYS
Q4 25
$-12.9M
$233.0M
Q3 25
$3.5M
$191.0M
Q2 25
$-2.3M
$257.0M
Q1 25
$-11.0M
$169.0M
Q4 24
$-9.5M
$-73.0M
Q3 24
$-8.5M
$389.0M
Q2 24
$12.4M
$126.0M
Q1 24
$-15.6M
$172.0M
Gross Margin
EXPI
EXPI
KEYS
KEYS
Q4 25
61.2%
Q3 25
61.7%
Q2 25
62.3%
Q1 25
63.2%
Q4 24
62.3%
Q3 24
99.9%
62.0%
Q2 24
99.9%
62.7%
Q1 24
64.6%
Operating Margin
EXPI
EXPI
KEYS
KEYS
Q4 25
-1.1%
15.3%
Q3 25
0.3%
17.3%
Q2 25
-0.2%
15.8%
Q1 25
-1.1%
16.8%
Q4 24
-1.0%
17.9%
Q3 24
-0.7%
16.8%
Q2 24
1.4%
14.6%
Q1 24
-1.9%
17.6%
Net Margin
EXPI
EXPI
KEYS
KEYS
Q4 25
-1.1%
16.4%
Q3 25
0.3%
14.1%
Q2 25
-0.2%
19.7%
Q1 25
-1.2%
13.0%
Q4 24
-0.9%
-5.7%
Q3 24
-0.7%
32.0%
Q2 24
1.0%
10.4%
Q1 24
-1.7%
13.7%
EPS (diluted)
EXPI
EXPI
KEYS
KEYS
Q4 25
$-0.08
$1.35
Q3 25
$0.02
$1.10
Q2 25
$-0.01
$1.49
Q1 25
$-0.07
$0.97
Q4 24
$-0.06
$-0.41
Q3 24
$-0.06
$2.22
Q2 24
$0.08
$0.72
Q1 24
$-0.10
$0.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXPI
EXPI
KEYS
KEYS
Cash + ST InvestmentsLiquidity on hand
$124.2M
$1.9B
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$242.8M
$5.9B
Total Assets
$442.5M
$11.3B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
KEYS
KEYS
Q4 25
$124.2M
$1.9B
Q3 25
$112.8M
$2.6B
Q2 25
$94.6M
$3.1B
Q1 25
$115.7M
$2.1B
Q4 24
$113.6M
$1.8B
Q3 24
$130.4M
$1.6B
Q2 24
$108.4M
$1.7B
Q1 24
$109.2M
$1.7B
Total Debt
EXPI
EXPI
KEYS
KEYS
Q4 25
$2.5B
Q3 25
$2.5B
Q2 25
$2.5B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Q1 24
$1.8B
Stockholders' Equity
EXPI
EXPI
KEYS
KEYS
Q4 25
$242.8M
$5.9B
Q3 25
$235.3M
$5.7B
Q2 25
$218.4M
$5.5B
Q1 25
$212.0M
$5.2B
Q4 24
$204.9M
$5.1B
Q3 24
$211.1M
$5.2B
Q2 24
$220.3M
$4.9B
Q1 24
$222.4M
$4.8B
Total Assets
EXPI
EXPI
KEYS
KEYS
Q4 25
$442.5M
$11.3B
Q3 25
$458.7M
$10.7B
Q2 25
$481.2M
$10.5B
Q1 25
$435.8M
$9.4B
Q4 24
$390.7M
$9.3B
Q3 24
$432.6M
$9.3B
Q2 24
$457.4M
$9.0B
Q1 24
$426.7M
$9.1B
Debt / Equity
EXPI
EXPI
KEYS
KEYS
Q4 25
0.43×
Q3 25
0.45×
Q2 25
0.46×
Q1 25
0.35×
Q4 24
0.35×
Q3 24
0.34×
Q2 24
0.37×
Q1 24
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
EXPI
EXPI
KEYS
KEYS
Operating Cash FlowLast quarter
$13.8M
$225.0M
Free Cash FlowOCF − Capex
$11.9M
$187.0M
FCF MarginFCF / Revenue
1.0%
13.2%
Capex IntensityCapex / Revenue
0.2%
2.7%
Cash ConversionOCF / Net Profit
0.97×
TTM Free Cash FlowTrailing 4 quarters
$109.0M
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
KEYS
KEYS
Q4 25
$13.8M
$225.0M
Q3 25
$28.9M
$322.0M
Q2 25
$36.1M
$484.0M
Q1 25
$39.8M
$378.0M
Q4 24
$13.7M
$359.0M
Q3 24
$46.0M
$255.0M
Q2 24
$71.1M
$110.0M
Q1 24
$60.7M
$328.0M
Free Cash Flow
EXPI
EXPI
KEYS
KEYS
Q4 25
$11.9M
$187.0M
Q3 25
$26.6M
$291.0M
Q2 25
$33.3M
$457.0M
Q1 25
$37.3M
$346.0M
Q4 24
$11.6M
$321.0M
Q3 24
$44.4M
$222.0M
Q2 24
$69.7M
$74.0M
Q1 24
$59.3M
$281.0M
FCF Margin
EXPI
EXPI
KEYS
KEYS
Q4 25
1.0%
13.2%
Q3 25
2.0%
21.5%
Q2 25
2.5%
35.0%
Q1 25
3.9%
26.7%
Q4 24
1.1%
24.9%
Q3 24
3.6%
18.2%
Q2 24
5.4%
6.1%
Q1 24
6.3%
22.3%
Capex Intensity
EXPI
EXPI
KEYS
KEYS
Q4 25
0.2%
2.7%
Q3 25
0.2%
2.3%
Q2 25
0.2%
2.1%
Q1 25
0.3%
2.5%
Q4 24
0.2%
3.0%
Q3 24
0.1%
2.7%
Q2 24
0.1%
3.0%
Q1 24
0.1%
3.7%
Cash Conversion
EXPI
EXPI
KEYS
KEYS
Q4 25
0.97×
Q3 25
8.26×
1.69×
Q2 25
1.88×
Q1 25
2.24×
Q4 24
Q3 24
0.66×
Q2 24
5.75×
0.87×
Q1 24
1.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

KEYS
KEYS

Transferred At Point In Time$790.0M56%
Electronicindustrial$429.0M30%
Transferred Over Time$200.0M14%

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