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Side-by-side financial comparison of Keysight Technologies (KEYS) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
Keysight Technologies is the larger business by last-quarter revenue ($1.4B vs $766.5M, roughly 1.9× SCANSOURCE, INC.). Keysight Technologies runs the higher net margin — 16.4% vs 2.2%, a 14.3% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 2.5%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $28.9M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (6.2% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
KEYS vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $766.5M |
| Net Profit | $233.0M | $16.5M |
| Gross Margin | 61.2% | 13.4% |
| Operating Margin | 15.3% | 2.3% |
| Net Margin | 16.4% | 2.2% |
| Revenue YoY | 10.3% | 2.5% |
| Net Profit YoY | 419.2% | -3.3% |
| EPS (diluted) | $1.35 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.4B | $739.6M | ||
| Q2 25 | $1.3B | $812.9M | ||
| Q1 25 | $1.3B | $704.8M | ||
| Q4 24 | $1.3B | $747.5M | ||
| Q3 24 | $1.2B | $775.6M | ||
| Q2 24 | $1.2B | $746.1M | ||
| Q1 24 | $1.3B | $752.6M |
| Q4 25 | $233.0M | $16.5M | ||
| Q3 25 | $191.0M | $19.9M | ||
| Q2 25 | $257.0M | $20.1M | ||
| Q1 25 | $169.0M | $17.4M | ||
| Q4 24 | $-73.0M | $17.1M | ||
| Q3 24 | $389.0M | $17.0M | ||
| Q2 24 | $126.0M | $16.1M | ||
| Q1 24 | $172.0M | $12.8M |
| Q4 25 | 61.2% | 13.4% | ||
| Q3 25 | 61.7% | 14.5% | ||
| Q2 25 | 62.3% | 12.9% | ||
| Q1 25 | 63.2% | 14.2% | ||
| Q4 24 | 62.3% | 13.6% | ||
| Q3 24 | 62.0% | 13.1% | ||
| Q2 24 | 62.7% | 13.0% | ||
| Q1 24 | 64.6% | 12.6% |
| Q4 25 | 15.3% | 2.3% | ||
| Q3 25 | 17.3% | 3.5% | ||
| Q2 25 | 15.8% | 3.3% | ||
| Q1 25 | 16.8% | 3.2% | ||
| Q4 24 | 17.9% | 2.5% | ||
| Q3 24 | 16.8% | 2.3% | ||
| Q2 24 | 14.6% | 2.9% | ||
| Q1 24 | 17.6% | 2.3% |
| Q4 25 | 16.4% | 2.2% | ||
| Q3 25 | 14.1% | 2.7% | ||
| Q2 25 | 19.7% | 2.5% | ||
| Q1 25 | 13.0% | 2.5% | ||
| Q4 24 | -5.7% | 2.3% | ||
| Q3 24 | 32.0% | 2.2% | ||
| Q2 24 | 10.4% | 2.2% | ||
| Q1 24 | 13.7% | 1.7% |
| Q4 25 | $1.35 | $0.75 | ||
| Q3 25 | $1.10 | $0.89 | ||
| Q2 25 | $1.49 | $0.87 | ||
| Q1 25 | $0.97 | $0.74 | ||
| Q4 24 | $-0.41 | $0.70 | ||
| Q3 24 | $2.22 | $0.69 | ||
| Q2 24 | $0.72 | $0.66 | ||
| Q1 24 | $0.98 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $5.9B | $910.9M |
| Total Assets | $11.3B | $1.7B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $83.5M | ||
| Q3 25 | $2.6B | $124.9M | ||
| Q2 25 | $3.1B | $126.2M | ||
| Q1 25 | $2.1B | $146.3M | ||
| Q4 24 | $1.8B | $110.5M | ||
| Q3 24 | $1.6B | $145.0M | ||
| Q2 24 | $1.7B | $185.5M | ||
| Q1 24 | $1.7B | $159.1M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
| Q4 25 | $5.9B | $910.9M | ||
| Q3 25 | $5.7B | $914.0M | ||
| Q2 25 | $5.5B | $906.4M | ||
| Q1 25 | $5.2B | $901.7M | ||
| Q4 24 | $5.1B | $900.7M | ||
| Q3 24 | $5.2B | $920.9M | ||
| Q2 24 | $4.9B | $924.3M | ||
| Q1 24 | $4.8B | $944.1M |
| Q4 25 | $11.3B | $1.7B | ||
| Q3 25 | $10.7B | $1.7B | ||
| Q2 25 | $10.5B | $1.8B | ||
| Q1 25 | $9.4B | $1.7B | ||
| Q4 24 | $9.3B | $1.7B | ||
| Q3 24 | $9.3B | $1.8B | ||
| Q2 24 | $9.0B | $1.8B | ||
| Q1 24 | $9.1B | $1.8B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.34× | — | ||
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $187.0M | $28.9M |
| FCF MarginFCF / Revenue | 13.2% | 3.8% |
| Capex IntensityCapex / Revenue | 2.7% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.97× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $225.0M | $30.8M | ||
| Q3 25 | $322.0M | $23.2M | ||
| Q2 25 | $484.0M | — | ||
| Q1 25 | $378.0M | $66.1M | ||
| Q4 24 | $359.0M | $-6.2M | ||
| Q3 24 | $255.0M | $44.8M | ||
| Q2 24 | $110.0M | — | ||
| Q1 24 | $328.0M | $160.2M |
| Q4 25 | $187.0M | $28.9M | ||
| Q3 25 | $291.0M | $20.8M | ||
| Q2 25 | $457.0M | — | ||
| Q1 25 | $346.0M | $64.6M | ||
| Q4 24 | $321.0M | $-8.2M | ||
| Q3 24 | $222.0M | $42.5M | ||
| Q2 24 | $74.0M | — | ||
| Q1 24 | $281.0M | $157.7M |
| Q4 25 | 13.2% | 3.8% | ||
| Q3 25 | 21.5% | 2.8% | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | 26.7% | 9.2% | ||
| Q4 24 | 24.9% | -1.1% | ||
| Q3 24 | 18.2% | 5.5% | ||
| Q2 24 | 6.1% | — | ||
| Q1 24 | 22.3% | 21.0% |
| Q4 25 | 2.7% | 0.3% | ||
| Q3 25 | 2.3% | 0.3% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | 2.7% | 0.3% | ||
| Q2 24 | 3.0% | 0.2% | ||
| Q1 24 | 3.7% | 0.3% |
| Q4 25 | 0.97× | 1.87× | ||
| Q3 25 | 1.69× | 1.17× | ||
| Q2 25 | 1.88× | — | ||
| Q1 25 | 2.24× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 0.66× | 2.64× | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 1.91× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
