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Side-by-side financial comparison of Keysight Technologies (KEYS) and News Corp (Class A) (NWSA). Click either name above to swap in a different company.

News Corp (Class A) is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.7× Keysight Technologies). Keysight Technologies runs the higher net margin — 16.4% vs 8.2%, a 8.2% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 5.5%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $132.0M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (6.2% CAGR vs -1.3%).

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.

News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called "hard news" to differentiate it from soft media.

KEYS vs NWSA — Head-to-Head

Bigger by revenue
NWSA
NWSA
1.7× larger
NWSA
$2.4B
$1.4B
KEYS
Growing faster (revenue YoY)
KEYS
KEYS
+4.7% gap
KEYS
10.3%
5.5%
NWSA
Higher net margin
KEYS
KEYS
8.2% more per $
KEYS
16.4%
8.2%
NWSA
More free cash flow
KEYS
KEYS
$55.0M more FCF
KEYS
$187.0M
$132.0M
NWSA
Faster 2-yr revenue CAGR
KEYS
KEYS
Annualised
KEYS
6.2%
-1.3%
NWSA

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
KEYS
KEYS
NWSA
NWSA
Revenue
$1.4B
$2.4B
Net Profit
$233.0M
$193.0M
Gross Margin
61.2%
Operating Margin
15.3%
Net Margin
16.4%
8.2%
Revenue YoY
10.3%
5.5%
Net Profit YoY
419.2%
-10.2%
EPS (diluted)
$1.35
$0.34

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
KEYS
KEYS
NWSA
NWSA
Q4 25
$1.4B
$2.4B
Q3 25
$1.4B
$2.1B
Q2 25
$1.3B
$1.6B
Q1 25
$1.3B
$2.0B
Q4 24
$1.3B
$2.2B
Q3 24
$1.2B
$2.6B
Q2 24
$1.2B
$2.6B
Q1 24
$1.3B
$2.4B
Net Profit
KEYS
KEYS
NWSA
NWSA
Q4 25
$233.0M
$193.0M
Q3 25
$191.0M
$112.0M
Q2 25
$257.0M
$743.0M
Q1 25
$169.0M
$103.0M
Q4 24
$-73.0M
$215.0M
Q3 24
$389.0M
$119.0M
Q2 24
$126.0M
$50.0M
Q1 24
$172.0M
$30.0M
Gross Margin
KEYS
KEYS
NWSA
NWSA
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%
Operating Margin
KEYS
KEYS
NWSA
NWSA
Q4 25
15.3%
Q3 25
17.3%
Q2 25
15.8%
8.5%
Q1 25
16.8%
7.5%
Q4 24
17.9%
19.2%
Q3 24
16.8%
7.9%
Q2 24
14.6%
4.3%
Q1 24
17.6%
2.6%
Net Margin
KEYS
KEYS
NWSA
NWSA
Q4 25
16.4%
8.2%
Q3 25
14.1%
5.2%
Q2 25
19.7%
45.6%
Q1 25
13.0%
5.1%
Q4 24
-5.7%
9.6%
Q3 24
32.0%
4.6%
Q2 24
10.4%
1.9%
Q1 24
13.7%
1.2%
EPS (diluted)
KEYS
KEYS
NWSA
NWSA
Q4 25
$1.35
$0.34
Q3 25
$1.10
$0.20
Q2 25
$1.49
$1.30
Q1 25
$0.97
$0.18
Q4 24
$-0.41
$0.38
Q3 24
$2.22
$0.21
Q2 24
$0.72
$0.09
Q1 24
$0.98
$0.05

Balance Sheet & Financial Strength

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

Metric
KEYS
KEYS
NWSA
NWSA
Cash + ST InvestmentsLiquidity on hand
$1.9B
$2.1B
Total DebtLower is stronger
$2.5B
$2.0B
Stockholders' EquityBook value
$5.9B
$8.8B
Total Assets
$11.3B
$15.5B
Debt / EquityLower = less leverage
0.43×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEYS
KEYS
NWSA
NWSA
Q4 25
$1.9B
$2.1B
Q3 25
$2.6B
$2.2B
Q2 25
$3.1B
$2.4B
Q1 25
$2.1B
$2.1B
Q4 24
$1.8B
$1.8B
Q3 24
$1.6B
$1.8B
Q2 24
$1.7B
$2.0B
Q1 24
$1.7B
$1.9B
Total Debt
KEYS
KEYS
NWSA
NWSA
Q4 25
$2.5B
$2.0B
Q3 25
$2.5B
$2.0B
Q2 25
$2.5B
$2.0B
Q1 25
$1.8B
$2.0B
Q4 24
$1.8B
$2.0B
Q3 24
$1.8B
$2.9B
Q2 24
$1.8B
$2.9B
Q1 24
$1.8B
$2.9B
Stockholders' Equity
KEYS
KEYS
NWSA
NWSA
Q4 25
$5.9B
$8.8B
Q3 25
$5.7B
$8.7B
Q2 25
$5.5B
$8.8B
Q1 25
$5.2B
$8.2B
Q4 24
$5.1B
$8.1B
Q3 24
$5.2B
$8.3B
Q2 24
$4.9B
$8.1B
Q1 24
$4.8B
$8.1B
Total Assets
KEYS
KEYS
NWSA
NWSA
Q4 25
$11.3B
$15.5B
Q3 25
$10.7B
$15.3B
Q2 25
$10.5B
$15.5B
Q1 25
$9.4B
$16.6B
Q4 24
$9.3B
$16.2B
Q3 24
$9.3B
$16.9B
Q2 24
$9.0B
$16.7B
Q1 24
$9.1B
$16.5B
Debt / Equity
KEYS
KEYS
NWSA
NWSA
Q4 25
0.43×
0.22×
Q3 25
0.45×
0.22×
Q2 25
0.46×
0.22×
Q1 25
0.35×
0.24×
Q4 24
0.35×
0.24×
Q3 24
0.34×
0.35×
Q2 24
0.37×
0.36×
Q1 24
0.38×
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KEYS
KEYS
NWSA
NWSA
Operating Cash FlowLast quarter
$225.0M
$231.0M
Free Cash FlowOCF − Capex
$187.0M
$132.0M
FCF MarginFCF / Revenue
13.2%
5.6%
Capex IntensityCapex / Revenue
2.7%
4.2%
Cash ConversionOCF / Net Profit
0.97×
1.20×
TTM Free Cash FlowTrailing 4 quarters
$1.3B
$586.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEYS
KEYS
NWSA
NWSA
Q4 25
$225.0M
$231.0M
Q3 25
$322.0M
$85.0M
Q2 25
$484.0M
$189.0M
Q1 25
$378.0M
$511.0M
Q4 24
$359.0M
$252.0M
Q3 24
$255.0M
$64.0M
Q2 24
$110.0M
$254.0M
Q1 24
$328.0M
$539.0M
Free Cash Flow
KEYS
KEYS
NWSA
NWSA
Q4 25
$187.0M
$132.0M
Q3 25
$291.0M
$4.0M
Q2 25
$457.0M
$32.0M
Q1 25
$346.0M
$418.0M
Q4 24
$321.0M
$190.0M
Q3 24
$222.0M
$-31.0M
Q2 24
$74.0M
$111.0M
Q1 24
$281.0M
$422.0M
FCF Margin
KEYS
KEYS
NWSA
NWSA
Q4 25
13.2%
5.6%
Q3 25
21.5%
0.2%
Q2 25
35.0%
2.0%
Q1 25
26.7%
20.8%
Q4 24
24.9%
8.5%
Q3 24
18.2%
-1.2%
Q2 24
6.1%
4.3%
Q1 24
22.3%
17.4%
Capex Intensity
KEYS
KEYS
NWSA
NWSA
Q4 25
2.7%
4.2%
Q3 25
2.3%
3.8%
Q2 25
2.1%
9.6%
Q1 25
2.5%
4.6%
Q4 24
3.0%
2.8%
Q3 24
2.7%
3.7%
Q2 24
3.0%
5.5%
Q1 24
3.7%
4.8%
Cash Conversion
KEYS
KEYS
NWSA
NWSA
Q4 25
0.97×
1.20×
Q3 25
1.69×
0.76×
Q2 25
1.88×
0.25×
Q1 25
2.24×
4.96×
Q4 24
1.17×
Q3 24
0.66×
0.54×
Q2 24
0.87×
5.08×
Q1 24
1.91×
17.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KEYS
KEYS

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

NWSA
NWSA

Book Publishing Segment$633.0M27%
Consumer$607.0M26%
News And Information Services Segment$570.0M24%
Real Estate$401.0M17%
Other Product Or Service$173.0M7%

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