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Side-by-side financial comparison of Keysight Technologies (KEYS) and Rockwell Automation (ROK). Click either name above to swap in a different company.
Rockwell Automation is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× Keysight Technologies). Keysight Technologies runs the higher net margin — 16.4% vs 14.5%, a 1.9% gap on every dollar of revenue. On growth, Rockwell Automation posted the faster year-over-year revenue change (11.9% vs 10.3%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $170.0M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (6.2% CAGR vs -0.5%).
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.
Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies headquartered in Milwaukee, Wisconsin. Its brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Rockwell Automation employs approximately 27,000 people and has customers in more than 100 countries worldwide.
KEYS vs ROK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $233.0M | $305.0M |
| Gross Margin | 61.2% | 48.3% |
| Operating Margin | 15.3% | 20.7% |
| Net Margin | 16.4% | 14.5% |
| Revenue YoY | 10.3% | 11.9% |
| Net Profit YoY | 419.2% | 65.8% |
| EPS (diluted) | $1.35 | $2.69 |
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 | $2.1B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.3B | $2.1B |
| Q4 25 | $233.0M | $305.0M | ||
| Q3 25 | $191.0M | $138.0M | ||
| Q2 25 | $257.0M | $295.0M | ||
| Q1 25 | $169.0M | $252.0M | ||
| Q4 24 | $-73.0M | $184.0M | ||
| Q3 24 | $389.0M | $239.1M | ||
| Q2 24 | $126.0M | $232.0M | ||
| Q1 24 | $172.0M | $266.2M |
| Q4 25 | 61.2% | 48.3% | ||
| Q3 25 | 61.7% | 69.4% | ||
| Q2 25 | 62.3% | 40.9% | ||
| Q1 25 | 63.2% | 40.5% | ||
| Q4 24 | 62.3% | 38.4% | ||
| Q3 24 | 62.0% | 37.9% | ||
| Q2 24 | 62.7% | 38.8% | ||
| Q1 24 | 64.6% | 39.2% |
| Q4 25 | 15.3% | 20.7% | ||
| Q3 25 | 17.3% | 2.7% | ||
| Q2 25 | 15.8% | 16.0% | ||
| Q1 25 | 16.8% | 14.9% | ||
| Q4 24 | 17.9% | 17.1% | ||
| Q3 24 | 16.8% | 13.5% | ||
| Q2 24 | 14.6% | 12.4% | ||
| Q1 24 | 17.6% | 14.6% |
| Q4 25 | 16.4% | 14.5% | ||
| Q3 25 | 14.1% | 6.0% | ||
| Q2 25 | 19.7% | 13.8% | ||
| Q1 25 | 13.0% | 12.6% | ||
| Q4 24 | -5.7% | 9.8% | ||
| Q3 24 | 32.0% | 11.7% | ||
| Q2 24 | 10.4% | 11.3% | ||
| Q1 24 | 13.7% | 12.5% |
| Q4 25 | $1.35 | $2.69 | ||
| Q3 25 | $1.10 | $1.24 | ||
| Q2 25 | $1.49 | $2.60 | ||
| Q1 25 | $0.97 | $2.22 | ||
| Q4 24 | $-0.41 | $1.61 | ||
| Q3 24 | $2.22 | $2.09 | ||
| Q2 24 | $0.72 | $2.02 | ||
| Q1 24 | $0.98 | $2.31 |
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 | $444.0M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $5.9B | $3.7B |
| Total Assets | $11.3B | $11.2B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $444.0M | ||
| Q3 25 | $2.6B | $468.0M | ||
| Q2 25 | $3.1B | $495.0M | ||
| Q1 25 | $2.1B | $456.0M | ||
| Q4 24 | $1.8B | $477.0M | ||
| Q3 24 | $1.6B | $471.3M | ||
| Q2 24 | $1.7B | $407.0M | ||
| Q1 24 | $1.7B | $470.5M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | $2.6B | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $2.6B | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
| Q4 25 | $5.9B | $3.7B | ||
| Q3 25 | $5.7B | $3.7B | ||
| Q2 25 | $5.5B | $3.5B | ||
| Q1 25 | $5.2B | $3.4B | ||
| Q4 24 | $5.1B | $3.4B | ||
| Q3 24 | $5.2B | $3.5B | ||
| Q2 24 | $4.9B | $3.3B | ||
| Q1 24 | $4.8B | $3.5B |
| Q4 25 | $11.3B | $11.2B | ||
| Q3 25 | $10.7B | $11.2B | ||
| Q2 25 | $10.5B | $11.2B | ||
| Q1 25 | $9.4B | $11.0B | ||
| Q4 24 | $9.3B | $10.9B | ||
| Q3 24 | $9.3B | $11.2B | ||
| Q2 24 | $9.0B | $11.2B | ||
| Q1 24 | $9.1B | $11.4B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.45× | 0.72× | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.34× | 0.73× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $225.0M | $234.0M |
| Free Cash FlowOCF − Capex | $187.0M | $170.0M |
| FCF MarginFCF / Revenue | 13.2% | 8.1% |
| Capex IntensityCapex / Revenue | 2.7% | 3.0% |
| Cash ConversionOCF / Net Profit | 0.97× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $225.0M | $234.0M | ||
| Q3 25 | $322.0M | $454.0M | ||
| Q2 25 | $484.0M | $527.0M | ||
| Q1 25 | $378.0M | $199.0M | ||
| Q4 24 | $359.0M | $364.0M | ||
| Q3 24 | $255.0M | $432.3M | ||
| Q2 24 | $110.0M | $279.1M | ||
| Q1 24 | $328.0M | $119.8M |
| Q4 25 | $187.0M | $170.0M | ||
| Q3 25 | $291.0M | — | ||
| Q2 25 | $457.0M | $489.0M | ||
| Q1 25 | $346.0M | $171.0M | ||
| Q4 24 | $321.0M | $293.0M | ||
| Q3 24 | $222.0M | — | ||
| Q2 24 | $74.0M | $238.4M | ||
| Q1 24 | $281.0M | $68.6M |
| Q4 25 | 13.2% | 8.1% | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 35.0% | 22.8% | ||
| Q1 25 | 26.7% | 8.5% | ||
| Q4 24 | 24.9% | 15.6% | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 6.1% | 11.6% | ||
| Q1 24 | 22.3% | 3.2% |
| Q4 25 | 2.7% | 3.0% | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.1% | 1.8% | ||
| Q1 25 | 2.5% | 1.4% | ||
| Q4 24 | 3.0% | 3.8% | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 3.0% | 2.0% | ||
| Q1 24 | 3.7% | 2.4% |
| Q4 25 | 0.97× | 0.77× | ||
| Q3 25 | 1.69× | 3.29× | ||
| Q2 25 | 1.88× | 1.79× | ||
| Q1 25 | 2.24× | 0.79× | ||
| Q4 24 | — | 1.98× | ||
| Q3 24 | 0.66× | 1.81× | ||
| Q2 24 | 0.87× | 1.20× | ||
| Q1 24 | 1.91× | 0.45× |
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% |
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
