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Side-by-side financial comparison of Keysight Technologies (KEYS) and OSHKOSH CORP (OSK). Click either name above to swap in a different company.

OSHKOSH CORP is the larger business by last-quarter revenue ($2.3B vs $1.6B, roughly 1.4× Keysight Technologies). Keysight Technologies runs the higher net margin — 17.6% vs 1.9%, a 15.7% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (27.0% vs 0.2%). Over the past eight quarters, Keysight Technologies's revenue compounded faster (14.7% CAGR vs -9.8%).

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.

Oshkosh Corporation, formerly Oshkosh Truck, is an American industrial company that designs and builds specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment. The corporation also owns Pierce Manufacturing, a fire apparatus manufacturer in Appleton, Wisconsin, and JLG Industries, a manufacturer of lift equipment, including aerial lifts, boom lifts, scissor lifts, telehandlers and low-level access lifts.

KEYS vs OSK — Head-to-Head

Bigger by revenue
OSK
OSK
1.4× larger
OSK
$2.3B
$1.6B
KEYS
Growing faster (revenue YoY)
KEYS
KEYS
+26.8% gap
KEYS
27.0%
0.2%
OSK
Higher net margin
KEYS
KEYS
15.7% more per $
KEYS
17.6%
1.9%
OSK
Faster 2-yr revenue CAGR
KEYS
KEYS
Annualised
KEYS
14.7%
-9.8%
OSK

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
KEYS
KEYS
OSK
OSK
Revenue
$1.6B
$2.3B
Net Profit
$281.0M
$43.1M
Gross Margin
13.5%
Operating Margin
15.5%
3.5%
Net Margin
17.6%
1.9%
Revenue YoY
27.0%
0.2%
Net Profit YoY
66.3%
-61.6%
EPS (diluted)
$1.63
$0.68

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
OSK
OSK
Q1 26
$1.6B
$2.3B
Q4 25
$1.4B
$2.7B
Q3 25
$1.4B
$2.7B
Q2 25
$1.3B
$2.7B
Q1 25
$1.3B
$2.3B
Q4 24
$1.3B
$2.6B
Q3 24
$1.2B
$2.7B
Q2 24
$1.2B
$2.8B
Net Profit
KEYS
KEYS
OSK
OSK
Q1 26
$281.0M
$43.1M
Q4 25
$233.0M
$133.8M
Q3 25
$191.0M
$196.2M
Q2 25
$257.0M
$204.8M
Q1 25
$169.0M
$112.2M
Q4 24
$-73.0M
$153.1M
Q3 24
$389.0M
$180.3M
Q2 24
$126.0M
$168.6M
Gross Margin
KEYS
KEYS
OSK
OSK
Q1 26
13.5%
Q4 25
61.2%
15.8%
Q3 25
61.7%
17.5%
Q2 25
62.3%
19.2%
Q1 25
63.2%
17.3%
Q4 24
62.3%
17.2%
Q3 24
62.0%
18.5%
Q2 24
62.7%
19.2%
Operating Margin
KEYS
KEYS
OSK
OSK
Q1 26
15.5%
3.5%
Q4 25
15.3%
7.9%
Q3 25
17.3%
9.7%
Q2 25
15.8%
10.7%
Q1 25
16.8%
7.6%
Q4 24
17.9%
8.6%
Q3 24
16.8%
9.7%
Q2 24
14.6%
9.2%
Net Margin
KEYS
KEYS
OSK
OSK
Q1 26
17.6%
1.9%
Q4 25
16.4%
5.0%
Q3 25
14.1%
7.3%
Q2 25
19.7%
7.5%
Q1 25
13.0%
4.9%
Q4 24
-5.7%
5.9%
Q3 24
32.0%
6.6%
Q2 24
10.4%
5.9%
EPS (diluted)
KEYS
KEYS
OSK
OSK
Q1 26
$1.63
$0.68
Q4 25
$1.35
Q3 25
$1.10
Q2 25
$1.49
Q1 25
$0.97
Q4 24
$-0.41
Q3 24
$2.22
Q2 24
$0.72

Balance Sheet & Financial Strength

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

Metric
KEYS
KEYS
OSK
OSK
Cash + ST InvestmentsLiquidity on hand
$2.2B
$250.3M
Total DebtLower is stronger
$2.5B
$600.6M
Stockholders' EquityBook value
$6.2B
Total Assets
$11.5B
$10.0B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEYS
KEYS
OSK
OSK
Q1 26
$2.2B
$250.3M
Q4 25
$1.9B
$479.8M
Q3 25
$2.6B
$211.8M
Q2 25
$3.1B
$191.7M
Q1 25
$2.1B
$210.3M
Q4 24
$1.8B
$204.9M
Q3 24
$1.6B
$160.9M
Q2 24
$1.7B
$141.4M
Total Debt
KEYS
KEYS
OSK
OSK
Q1 26
$2.5B
$600.6M
Q4 25
$2.5B
Q3 25
$2.5B
Q2 25
$2.5B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.8B
$602.3M
Q2 24
$1.8B
$599.1M
Stockholders' Equity
KEYS
KEYS
OSK
OSK
Q1 26
$6.2B
Q4 25
$5.9B
$4.5B
Q3 25
$5.7B
$4.5B
Q2 25
$5.5B
$4.5B
Q1 25
$5.2B
$4.2B
Q4 24
$5.1B
$4.2B
Q3 24
$5.2B
$4.1B
Q2 24
$4.9B
$3.9B
Total Assets
KEYS
KEYS
OSK
OSK
Q1 26
$11.5B
$10.0B
Q4 25
$11.3B
$10.1B
Q3 25
$10.7B
$9.8B
Q2 25
$10.5B
$10.0B
Q1 25
$9.4B
$9.8B
Q4 24
$9.3B
$9.4B
Q3 24
$9.3B
$9.9B
Q2 24
$9.0B
$9.7B
Debt / Equity
KEYS
KEYS
OSK
OSK
Q1 26
0.41×
Q4 25
0.43×
Q3 25
0.45×
Q2 25
0.46×
Q1 25
0.35×
Q4 24
0.35×
Q3 24
0.34×
0.15×
Q2 24
0.37×
0.15×

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
OSK
OSK
Operating Cash FlowLast quarter
$441.0M
Free Cash FlowOCF − Capex
$407.0M
FCF MarginFCF / Revenue
25.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.57×
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEYS
KEYS
OSK
OSK
Q1 26
$441.0M
Q4 25
$225.0M
$600.1M
Q3 25
$322.0M
$489.0M
Q2 25
$484.0M
$89.2M
Q1 25
$378.0M
$-394.9M
Q4 24
$359.0M
$790.8M
Q3 24
$255.0M
$326.1M
Q2 24
$110.0M
$-211.0M
Free Cash Flow
KEYS
KEYS
OSK
OSK
Q1 26
$407.0M
Q4 25
$187.0M
$540.3M
Q3 25
$291.0M
$464.3M
Q2 25
$457.0M
$48.6M
Q1 25
$346.0M
$-435.2M
Q4 24
$321.0M
$703.3M
Q3 24
$222.0M
$272.2M
Q2 24
$74.0M
$-250.5M
FCF Margin
KEYS
KEYS
OSK
OSK
Q1 26
25.4%
Q4 25
13.2%
20.1%
Q3 25
21.5%
17.3%
Q2 25
35.0%
1.8%
Q1 25
26.7%
-18.8%
Q4 24
24.9%
27.1%
Q3 24
18.2%
9.9%
Q2 24
6.1%
-8.8%
Capex Intensity
KEYS
KEYS
OSK
OSK
Q1 26
Q4 25
2.7%
2.2%
Q3 25
2.3%
0.9%
Q2 25
2.1%
1.5%
Q1 25
2.5%
1.7%
Q4 24
3.0%
3.4%
Q3 24
2.7%
2.0%
Q2 24
3.0%
1.4%
Cash Conversion
KEYS
KEYS
OSK
OSK
Q1 26
1.57×
Q4 25
0.97×
4.49×
Q3 25
1.69×
2.49×
Q2 25
1.88×
0.44×
Q1 25
2.24×
-3.52×
Q4 24
5.17×
Q3 24
0.66×
1.81×
Q2 24
0.87×
-1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KEYS
KEYS

Commercial Communications$758.0M47%
Electronic Industrial$476.0M30%
Aerospace, Defense and Government$366.0M23%

OSK
OSK

Segment breakdown not available.

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