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Side-by-side financial comparison of Keysight Technologies (KEYS) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
Keysight Technologies is the larger business by last-quarter revenue ($1.4B vs $932.7M, roughly 1.5× LCI INDUSTRIES). Keysight Technologies runs the higher net margin — 16.4% vs 2.0%, a 14.4% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 10.3%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $64.3M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (6.2% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
KEYS vs LCII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $932.7M |
| Net Profit | $233.0M | $18.7M |
| Gross Margin | 61.2% | 22.1% |
| Operating Margin | 15.3% | 3.8% |
| Net Margin | 16.4% | 2.0% |
| Revenue YoY | 10.3% | 16.1% |
| Net Profit YoY | 419.2% | 95.7% |
| EPS (diluted) | $1.35 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $803.1M | ||
| Q3 24 | $1.2B | $915.5M | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.3B | $968.0M |
| Q4 25 | $233.0M | $18.7M | ||
| Q3 25 | $191.0M | $62.5M | ||
| Q2 25 | $257.0M | $57.6M | ||
| Q1 25 | $169.0M | $49.4M | ||
| Q4 24 | $-73.0M | $9.5M | ||
| Q3 24 | $389.0M | $35.6M | ||
| Q2 24 | $126.0M | $61.2M | ||
| Q1 24 | $172.0M | $36.5M |
| Q4 25 | 61.2% | 22.1% | ||
| Q3 25 | 61.7% | 24.4% | ||
| Q2 25 | 62.3% | 24.4% | ||
| Q1 25 | 63.2% | 24.1% | ||
| Q4 24 | 62.3% | 21.1% | ||
| Q3 24 | 62.0% | 24.0% | ||
| Q2 24 | 62.7% | 25.3% | ||
| Q1 24 | 64.6% | 23.1% |
| Q4 25 | 15.3% | 3.8% | ||
| Q3 25 | 17.3% | 7.3% | ||
| Q2 25 | 15.8% | 7.9% | ||
| Q1 25 | 16.8% | 7.8% | ||
| Q4 24 | 17.9% | 2.0% | ||
| Q3 24 | 16.8% | 5.9% | ||
| Q2 24 | 14.6% | 8.6% | ||
| Q1 24 | 17.6% | 6.0% |
| Q4 25 | 16.4% | 2.0% | ||
| Q3 25 | 14.1% | 6.0% | ||
| Q2 25 | 19.7% | 5.2% | ||
| Q1 25 | 13.0% | 4.7% | ||
| Q4 24 | -5.7% | 1.2% | ||
| Q3 24 | 32.0% | 3.9% | ||
| Q2 24 | 10.4% | 5.8% | ||
| Q1 24 | 13.7% | 3.8% |
| Q4 25 | $1.35 | $0.79 | ||
| Q3 25 | $1.10 | $2.55 | ||
| Q2 25 | $1.49 | $2.29 | ||
| Q1 25 | $0.97 | $1.94 | ||
| Q4 24 | $-0.41 | $0.37 | ||
| Q3 24 | $2.22 | $1.39 | ||
| Q2 24 | $0.72 | $2.40 | ||
| Q1 24 | $0.98 | $1.44 |
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 | $222.6M |
| Total DebtLower is stronger | $2.5B | $945.2M |
| Stockholders' EquityBook value | $5.9B | $1.4B |
| Total Assets | $11.3B | $3.2B |
| Debt / EquityLower = less leverage | 0.43× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $222.6M | ||
| Q3 25 | $2.6B | $199.7M | ||
| Q2 25 | $3.1B | $191.9M | ||
| Q1 25 | $2.1B | $231.2M | ||
| Q4 24 | $1.8B | $165.8M | ||
| Q3 24 | $1.6B | $161.2M | ||
| Q2 24 | $1.7B | $130.4M | ||
| Q1 24 | $1.7B | $22.6M |
| Q4 25 | $2.5B | $945.2M | ||
| Q3 25 | $2.5B | $947.8M | ||
| Q2 25 | $2.5B | $948.0M | ||
| Q1 25 | $1.8B | $938.3M | ||
| Q4 24 | $1.8B | $757.3M | ||
| Q3 24 | $1.8B | $822.5M | ||
| Q2 24 | $1.8B | $829.7M | ||
| Q1 24 | $1.8B | $855.3M |
| Q4 25 | $5.9B | $1.4B | ||
| Q3 25 | $5.7B | $1.4B | ||
| Q2 25 | $5.5B | $1.4B | ||
| Q1 25 | $5.2B | $1.4B | ||
| Q4 24 | $5.1B | $1.4B | ||
| Q3 24 | $5.2B | $1.4B | ||
| Q2 24 | $4.9B | $1.4B | ||
| Q1 24 | $4.8B | $1.4B |
| Q4 25 | $11.3B | $3.2B | ||
| Q3 25 | $10.7B | $3.2B | ||
| Q2 25 | $10.5B | $3.2B | ||
| Q1 25 | $9.4B | $3.1B | ||
| Q4 24 | $9.3B | $2.9B | ||
| Q3 24 | $9.3B | $3.0B | ||
| Q2 24 | $9.0B | $3.0B | ||
| Q1 24 | $9.1B | $3.0B |
| Q4 25 | 0.43× | 0.69× | ||
| Q3 25 | 0.45× | 0.70× | ||
| Q2 25 | 0.46× | 0.68× | ||
| Q1 25 | 0.35× | 0.69× | ||
| Q4 24 | 0.35× | 0.55× | ||
| Q3 24 | 0.34× | 0.58× | ||
| Q2 24 | 0.37× | 0.60× | ||
| Q1 24 | 0.38× | 0.63× |
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 | $78.9M |
| Free Cash FlowOCF − Capex | $187.0M | $64.3M |
| FCF MarginFCF / Revenue | 13.2% | 6.9% |
| Capex IntensityCapex / Revenue | 2.7% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.97× | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $225.0M | $78.9M | ||
| Q3 25 | $322.0M | $97.2M | ||
| Q2 25 | $484.0M | $112.2M | ||
| Q1 25 | $378.0M | $42.7M | ||
| Q4 24 | $359.0M | $106.6M | ||
| Q3 24 | $255.0M | $78.4M | ||
| Q2 24 | $110.0M | $192.9M | ||
| Q1 24 | $328.0M | $-7.7M |
| Q4 25 | $187.0M | $64.3M | ||
| Q3 25 | $291.0M | $80.9M | ||
| Q2 25 | $457.0M | $99.5M | ||
| Q1 25 | $346.0M | $33.7M | ||
| Q4 24 | $321.0M | $95.7M | ||
| Q3 24 | $222.0M | $68.3M | ||
| Q2 24 | $74.0M | $180.2M | ||
| Q1 24 | $281.0M | $-16.3M |
| Q4 25 | 13.2% | 6.9% | ||
| Q3 25 | 21.5% | 7.8% | ||
| Q2 25 | 35.0% | 9.0% | ||
| Q1 25 | 26.7% | 3.2% | ||
| Q4 24 | 24.9% | 11.9% | ||
| Q3 24 | 18.2% | 7.5% | ||
| Q2 24 | 6.1% | 17.1% | ||
| Q1 24 | 22.3% | -1.7% |
| Q4 25 | 2.7% | 1.6% | ||
| Q3 25 | 2.3% | 1.6% | ||
| Q2 25 | 2.1% | 1.2% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 3.0% | 1.4% | ||
| Q3 24 | 2.7% | 1.1% | ||
| Q2 24 | 3.0% | 1.2% | ||
| Q1 24 | 3.7% | 0.9% |
| Q4 25 | 0.97× | 4.22× | ||
| Q3 25 | 1.69× | 1.55× | ||
| Q2 25 | 1.88× | 1.95× | ||
| Q1 25 | 2.24× | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | 0.66× | 2.20× | ||
| Q2 24 | 0.87× | 3.15× | ||
| Q1 24 | 1.91× | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
