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Side-by-side financial comparison of Keysight Technologies (KEYS) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.0× Keysight Technologies). Keysight Technologies runs the higher net margin — 16.4% vs -3.1%, a 19.6% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs -11.9%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 6.2%).
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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
KEYS vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $233.0M | $-46.0M |
| Gross Margin | 61.2% | — |
| Operating Margin | 15.3% | -2.9% |
| Net Margin | 16.4% | -3.1% |
| Revenue YoY | 10.3% | -11.9% |
| Net Profit YoY | 419.2% | -84.0% |
| EPS (diluted) | $1.35 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M | ||
| Q1 24 | $1.3B | $913.0M |
| Q4 25 | $233.0M | $-46.0M | ||
| Q3 25 | $191.0M | $-14.0M | ||
| Q2 25 | $257.0M | $-9.0M | ||
| Q1 25 | $169.0M | $-31.0M | ||
| Q4 24 | $-73.0M | $-25.0M | ||
| Q3 24 | $389.0M | $-243.0M | ||
| Q2 24 | $126.0M | $-7.0M | ||
| Q1 24 | $172.0M | $-15.0M |
| 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% | — |
| Q4 25 | 15.3% | -2.9% | ||
| Q3 25 | 17.3% | -0.5% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 16.8% | -2.1% | ||
| Q4 24 | 17.9% | -1.4% | ||
| Q3 24 | 16.8% | -1.9% | ||
| Q2 24 | 14.6% | — | ||
| Q1 24 | 17.6% | -1.3% |
| Q4 25 | 16.4% | -3.1% | ||
| Q3 25 | 14.1% | -1.0% | ||
| Q2 25 | 19.7% | -0.6% | ||
| Q1 25 | 13.0% | -2.2% | ||
| Q4 24 | -5.7% | -1.5% | ||
| Q3 24 | 32.0% | -23.4% | ||
| Q2 24 | 10.4% | -0.8% | ||
| Q1 24 | 13.7% | -1.6% |
| Q4 25 | $1.35 | $-0.28 | ||
| Q3 25 | $1.10 | $-0.08 | ||
| Q2 25 | $1.49 | $-0.05 | ||
| Q1 25 | $0.97 | $-0.18 | ||
| Q4 24 | $-0.41 | $-0.17 | ||
| Q3 24 | $2.22 | $-1.81 | ||
| Q2 24 | $0.72 | $-0.06 | ||
| Q1 24 | $0.98 | $-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 | $17.0M |
| Total DebtLower is stronger | $2.5B | $387.0M |
| Stockholders' EquityBook value | $5.9B | $1.5B |
| Total Assets | $11.3B | $3.3B |
| Debt / EquityLower = less leverage | 0.43× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $17.0M | ||
| Q3 25 | $2.6B | $25.0M | ||
| Q2 25 | $3.1B | $18.0M | ||
| Q1 25 | $2.1B | $16.0M | ||
| Q4 24 | $1.8B | $35.0M | ||
| Q3 24 | $1.6B | $55.0M | ||
| Q2 24 | $1.7B | $7.0M | ||
| Q1 24 | $1.7B | $7.0M |
| Q4 25 | $2.5B | $387.0M | ||
| Q3 25 | $2.5B | $387.0M | ||
| Q2 25 | $2.5B | $387.0M | ||
| Q1 25 | $1.8B | $387.0M | ||
| Q4 24 | $1.8B | $351.0M | ||
| Q3 24 | $1.8B | $352.0M | ||
| Q2 24 | $1.8B | $370.0M | ||
| Q1 24 | $1.8B | $351.0M |
| Q4 25 | $5.9B | $1.5B | ||
| Q3 25 | $5.7B | $1.6B | ||
| Q2 25 | $5.5B | $1.6B | ||
| Q1 25 | $5.2B | $1.6B | ||
| Q4 24 | $5.1B | $1.6B | ||
| Q3 24 | $5.2B | $1.7B | ||
| Q2 24 | $4.9B | $579.0M | ||
| Q1 24 | $4.8B | $582.0M |
| Q4 25 | $11.3B | $3.3B | ||
| Q3 25 | $10.7B | $3.2B | ||
| Q2 25 | $10.5B | $3.2B | ||
| Q1 25 | $9.4B | $3.3B | ||
| Q4 24 | $9.3B | $3.4B | ||
| Q3 24 | $9.3B | $3.4B | ||
| Q2 24 | $9.0B | $1.8B | ||
| Q1 24 | $9.1B | $1.8B |
| Q4 25 | 0.43× | 0.25× | ||
| Q3 25 | 0.45× | 0.24× | ||
| Q2 25 | 0.46× | 0.24× | ||
| Q1 25 | 0.35× | 0.24× | ||
| Q4 24 | 0.35× | 0.22× | ||
| Q3 24 | 0.34× | 0.21× | ||
| Q2 24 | 0.37× | 0.64× | ||
| Q1 24 | 0.38× | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $187.0M | $-9.0M |
| FCF MarginFCF / Revenue | 13.2% | -0.6% |
| Capex IntensityCapex / Revenue | 2.7% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.97× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $225.0M | $7.0M | ||
| Q3 25 | $322.0M | $23.0M | ||
| Q2 25 | $484.0M | $23.0M | ||
| Q1 25 | $378.0M | $-2.0M | ||
| Q4 24 | $359.0M | $-7.0M | ||
| Q3 24 | $255.0M | $-7.0M | ||
| Q2 24 | $110.0M | $-5.0M | ||
| Q1 24 | $328.0M | $7.0M |
| Q4 25 | $187.0M | $-9.0M | ||
| Q3 25 | $291.0M | $9.0M | ||
| Q2 25 | $457.0M | $9.0M | ||
| Q1 25 | $346.0M | $-17.0M | ||
| Q4 24 | $321.0M | $-19.0M | ||
| Q3 24 | $222.0M | $-18.0M | ||
| Q2 24 | $74.0M | $-16.0M | ||
| Q1 24 | $281.0M | $-4.0M |
| Q4 25 | 13.2% | -0.6% | ||
| Q3 25 | 21.5% | 0.6% | ||
| Q2 25 | 35.0% | 0.6% | ||
| Q1 25 | 26.7% | -1.2% | ||
| Q4 24 | 24.9% | -1.1% | ||
| Q3 24 | 18.2% | -1.7% | ||
| Q2 24 | 6.1% | -1.7% | ||
| Q1 24 | 22.3% | -0.4% |
| Q4 25 | 2.7% | 1.1% | ||
| Q3 25 | 2.3% | 1.0% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 2.5% | 1.0% | ||
| Q4 24 | 3.0% | 0.7% | ||
| Q3 24 | 2.7% | 1.1% | ||
| Q2 24 | 3.0% | 1.2% | ||
| Q1 24 | 3.7% | 1.2% |
| Q4 25 | 0.97× | — | ||
| Q3 25 | 1.69× | — | ||
| Q2 25 | 1.88× | — | ||
| Q1 25 | 2.24× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 1.91× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
