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Side-by-side financial comparison of Keysight Technologies (KEYS) and StandardAero, Inc. (SARO). Click either name above to swap in a different company.
StandardAero, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.1× Keysight Technologies). Keysight Technologies runs the higher net margin — 16.4% vs 4.9%, a 11.5% gap on every dollar of revenue. On growth, StandardAero, Inc. posted the faster year-over-year revenue change (13.5% vs 10.3%). StandardAero, Inc. produced more free cash flow last quarter ($307.3M vs $187.0M). Over the past eight quarters, StandardAero, Inc.'s revenue compounded faster (13.8% 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.
StandardAero, Inc. is an American maintenance, repair and overhaul (MRO) provider based in Scottsdale, Arizona.
KEYS vs SARO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.6B |
| Net Profit | $233.0M | $78.6M |
| Gross Margin | 61.2% | 13.8% |
| Operating Margin | 15.3% | 9.3% |
| Net Margin | 16.4% | 4.9% |
| Revenue YoY | 10.3% | 13.5% |
| Net Profit YoY | 419.2% | 659.6% |
| EPS (diluted) | $1.35 | $0.24 |
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 | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.3B | $1.2B |
| Q4 25 | $233.0M | $78.6M | ||
| Q3 25 | $191.0M | $68.1M | ||
| Q2 25 | $257.0M | $67.7M | ||
| Q1 25 | $169.0M | $62.9M | ||
| Q4 24 | $-73.0M | $-14.1M | ||
| Q3 24 | $389.0M | $16.4M | ||
| Q2 24 | $126.0M | $5.4M | ||
| Q1 24 | $172.0M | $3.2M |
| Q4 25 | 61.2% | 13.8% | ||
| Q3 25 | 61.7% | 14.9% | ||
| Q2 25 | 62.3% | 15.4% | ||
| Q1 25 | 63.2% | 15.2% | ||
| Q4 24 | 62.3% | 14.3% | ||
| Q3 24 | 62.0% | 15.0% | ||
| Q2 24 | 62.7% | 13.7% | ||
| Q1 24 | 64.6% | 14.7% |
| Q4 25 | 15.3% | 9.3% | ||
| Q3 25 | 17.3% | 9.2% | ||
| Q2 25 | 15.8% | 8.9% | ||
| Q1 25 | 16.8% | 9.0% | ||
| Q4 24 | 17.9% | 6.7% | ||
| Q3 24 | 16.8% | 7.9% | ||
| Q2 24 | 14.6% | 7.8% | ||
| Q1 24 | 17.6% | 8.5% |
| Q4 25 | 16.4% | 4.9% | ||
| Q3 25 | 14.1% | 4.5% | ||
| Q2 25 | 19.7% | 4.4% | ||
| Q1 25 | 13.0% | 4.4% | ||
| Q4 24 | -5.7% | -1.0% | ||
| Q3 24 | 32.0% | 1.3% | ||
| Q2 24 | 10.4% | 0.4% | ||
| Q1 24 | 13.7% | 0.3% |
| Q4 25 | $1.35 | $0.24 | ||
| Q3 25 | $1.10 | $0.20 | ||
| Q2 25 | $1.49 | $0.20 | ||
| Q1 25 | $0.97 | $0.19 | ||
| Q4 24 | $-0.41 | $-0.05 | ||
| Q3 24 | $2.22 | $0.06 | ||
| Q2 24 | $0.72 | $0.02 | ||
| Q1 24 | $0.98 | $0.01 |
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 | — |
| Total DebtLower is stronger | $2.5B | $2.2B |
| Stockholders' EquityBook value | $5.9B | $2.7B |
| Total Assets | $11.3B | $6.6B |
| Debt / EquityLower = less leverage | 0.43× | 0.83× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.5B | $2.3B | ||
| Q2 25 | $2.5B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.8B | $3.4B | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
| Q4 25 | $5.9B | $2.7B | ||
| Q3 25 | $5.7B | $2.6B | ||
| Q2 25 | $5.5B | $2.5B | ||
| Q1 25 | $5.2B | $2.4B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | $5.2B | $1.2B | ||
| Q2 24 | $4.9B | $1.2B | ||
| Q1 24 | $4.8B | $1.2B |
| Q4 25 | $11.3B | $6.6B | ||
| Q3 25 | $10.7B | $6.6B | ||
| Q2 25 | $10.5B | $6.5B | ||
| Q1 25 | $9.4B | $6.5B | ||
| Q4 24 | $9.3B | $6.2B | ||
| Q3 24 | $9.3B | $6.1B | ||
| Q2 24 | $9.0B | — | ||
| Q1 24 | $9.1B | — |
| Q4 25 | 0.43× | 0.83× | ||
| Q3 25 | 0.45× | 0.90× | ||
| Q2 25 | 0.46× | 0.92× | ||
| Q1 25 | 0.35× | 0.96× | ||
| Q4 24 | 0.35× | 0.94× | ||
| Q3 24 | 0.34× | 2.94× | ||
| 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 | $323.0M |
| Free Cash FlowOCF − Capex | $187.0M | $307.3M |
| FCF MarginFCF / Revenue | 13.2% | 19.2% |
| Capex IntensityCapex / Revenue | 2.7% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.97× | 4.11× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $234.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $225.0M | $323.0M | ||
| Q3 25 | $322.0M | $14.8M | ||
| Q2 25 | $484.0M | $2.9M | ||
| Q1 25 | $378.0M | $-24.0M | ||
| Q4 24 | $359.0M | — | ||
| Q3 24 | $255.0M | $-13.9M | ||
| Q2 24 | $110.0M | — | ||
| Q1 24 | $328.0M | $-83.6M |
| Q4 25 | $187.0M | $307.3M | ||
| Q3 25 | $291.0M | $-4.7M | ||
| Q2 25 | $457.0M | $-19.0M | ||
| Q1 25 | $346.0M | $-49.3M | ||
| Q4 24 | $321.0M | — | ||
| Q3 24 | $222.0M | $-39.2M | ||
| Q2 24 | $74.0M | — | ||
| Q1 24 | $281.0M | $-102.0M |
| Q4 25 | 13.2% | 19.2% | ||
| Q3 25 | 21.5% | -0.3% | ||
| Q2 25 | 35.0% | -1.2% | ||
| Q1 25 | 26.7% | -3.4% | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 18.2% | -3.1% | ||
| Q2 24 | 6.1% | — | ||
| Q1 24 | 22.3% | -8.3% |
| Q4 25 | 2.7% | 1.0% | ||
| Q3 25 | 2.3% | 1.3% | ||
| Q2 25 | 2.1% | 1.4% | ||
| Q1 25 | 2.5% | 1.8% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.7% | 2.0% | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 3.7% | 1.5% |
| Q4 25 | 0.97× | 4.11× | ||
| Q3 25 | 1.69× | 0.22× | ||
| Q2 25 | 1.88× | 0.04× | ||
| Q1 25 | 2.24× | -0.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.66× | -0.84× | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 1.91× | -26.22× |
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% |
SARO
| Commercial Aerospace | $1.0B | 63% |
| Business Aviation | $266.2M | 17% |
| Military And Helicopter | $262.0M | 16% |
| Other | $68.1M | 4% |
