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Side-by-side financial comparison of Keysight Technologies (KEYS) and Knight-Swift Transportation Holdings Inc. (KNX). Click either name above to swap in a different company.
Knight-Swift Transportation Holdings Inc. is the larger business by last-quarter revenue ($1.9B vs $1.4B, roughly 1.3× Keysight Technologies). Keysight Technologies runs the higher net margin — 16.4% vs 0.0%, a 16.4% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 1.4%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $56.9M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (6.2% CAGR vs 0.1%).
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.
Swift Transportation is an American truckload motor shipping carrier based in Phoenix, Arizona. In 2017, Swift merged with Knight Transportation, also of Phoenix, forming Knight-Swift.
KEYS vs KNX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.9B |
| Net Profit | $233.0M | $96.0K |
| Gross Margin | 61.2% | — |
| Operating Margin | 15.3% | 1.5% |
| Net Margin | 16.4% | 0.0% |
| Revenue YoY | 10.3% | 1.4% |
| Net Profit YoY | 419.2% | -76.6% |
| EPS (diluted) | $1.35 | $-0.01 |
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.
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.2B | $1.8B |
| Q1 26 | — | $96.0K | ||
| Q4 25 | $233.0M | $-6.8M | ||
| Q3 25 | $191.0M | $7.9M | ||
| Q2 25 | $257.0M | $34.2M | ||
| Q1 25 | $169.0M | $30.6M | ||
| Q4 24 | $-73.0M | $69.5M | ||
| Q3 24 | $389.0M | $30.5M | ||
| Q2 24 | $126.0M | $20.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 1.5% | ||
| Q4 25 | 15.3% | 1.4% | ||
| Q3 25 | 17.3% | 2.6% | ||
| Q2 25 | 15.8% | 3.9% | ||
| Q1 25 | 16.8% | 3.7% | ||
| Q4 24 | 17.9% | 4.2% | ||
| Q3 24 | 16.8% | 4.3% | ||
| Q2 24 | 14.6% | 3.4% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 16.4% | -0.4% | ||
| Q3 25 | 14.1% | 0.4% | ||
| Q2 25 | 19.7% | 1.8% | ||
| Q1 25 | 13.0% | 1.7% | ||
| Q4 24 | -5.7% | 3.7% | ||
| Q3 24 | 32.0% | 1.6% | ||
| Q2 24 | 10.4% | 1.1% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $1.35 | $-0.04 | ||
| Q3 25 | $1.10 | $0.05 | ||
| Q2 25 | $1.49 | $0.21 | ||
| Q1 25 | $0.97 | $0.19 | ||
| Q4 24 | $-0.41 | $0.43 | ||
| Q3 24 | $2.22 | $0.19 | ||
| Q2 24 | $0.72 | $0.13 |
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 | $222.8M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $5.9B | $7.1B |
| Total Assets | $11.3B | $11.9B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $222.8M | ||
| Q4 25 | $1.9B | $220.4M | ||
| Q3 25 | $2.6B | $192.7M | ||
| Q2 25 | $3.1B | $216.3M | ||
| Q1 25 | $2.1B | $209.5M | ||
| Q4 24 | $1.8B | $218.3M | ||
| Q3 24 | $1.6B | $166.3M | ||
| Q2 24 | $1.7B | $186.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.5B | $1.9B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.8B | $1.9B | ||
| Q2 24 | $1.8B | $1.6B |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $5.9B | $7.1B | ||
| Q3 25 | $5.7B | $7.1B | ||
| Q2 25 | $5.5B | $7.1B | ||
| Q1 25 | $5.2B | $7.1B | ||
| Q4 24 | $5.1B | $7.1B | ||
| Q3 24 | $5.2B | $7.1B | ||
| Q2 24 | $4.9B | $7.1B |
| Q1 26 | — | $11.9B | ||
| Q4 25 | $11.3B | $12.0B | ||
| Q3 25 | $10.7B | $12.6B | ||
| Q2 25 | $10.5B | $12.5B | ||
| Q1 25 | $9.4B | $12.6B | ||
| Q4 24 | $9.3B | $12.7B | ||
| Q3 24 | $9.3B | $12.8B | ||
| Q2 24 | $9.0B | $12.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.25× | ||
| Q3 25 | 0.45× | 0.26× | ||
| Q2 25 | 0.46× | 0.26× | ||
| Q1 25 | 0.35× | 0.26× | ||
| Q4 24 | 0.35× | 0.26× | ||
| Q3 24 | 0.34× | 0.26× | ||
| Q2 24 | 0.37× | 0.23× |
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 | $225.0M | $142.5M |
| Free Cash FlowOCF − Capex | $187.0M | $56.9M |
| FCF MarginFCF / Revenue | 13.2% | 3.1% |
| Capex IntensityCapex / Revenue | 2.7% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.97× | 1484.79× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $142.5M | ||
| Q4 25 | $225.0M | $723.2M | ||
| Q3 25 | $322.0M | $217.5M | ||
| Q2 25 | $484.0M | $216.5M | ||
| Q1 25 | $378.0M | $109.4M | ||
| Q4 24 | $359.0M | $274.3M | ||
| Q3 24 | $255.0M | $214.0M | ||
| Q2 24 | $110.0M | $273.4M |
| Q1 26 | — | $56.9M | ||
| 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 26 | — | 3.1% | ||
| 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 26 | — | 4.6% | ||
| 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 26 | — | 1484.79× | ||
| Q4 25 | 0.97× | — | ||
| Q3 25 | 1.69× | 27.67× | ||
| Q2 25 | 1.88× | 6.32× | ||
| Q1 25 | 2.24× | 3.57× | ||
| Q4 24 | — | 3.95× | ||
| Q3 24 | 0.66× | 7.03× | ||
| Q2 24 | 0.87× | 13.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
KNX
| Revenue, excluding truckload and LTL fuel surcharge | $1.6B | 89% |
| Truckload and LTL fuel surcharge | $212.2M | 11% |
