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Side-by-side financial comparison of Keysight Technologies (KEYS) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
Keysight Technologies is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.1× SEALED AIR CORP). Keysight Technologies runs the higher net margin — 17.6% vs 3.1%, a 14.4% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (27.0% vs 2.6%). Keysight Technologies produced more free cash flow last quarter ($407.0M vs $257.7M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (14.7% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
KEYS vs SEE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.4B |
| Net Profit | $281.0M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 15.5% | 11.4% |
| Net Margin | 17.6% | 3.1% |
| Revenue YoY | 27.0% | 2.6% |
| Net Profit YoY | 66.3% | 700.0% |
| EPS (diluted) | $1.63 | $0.30 |
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.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | $281.0M | — | ||
| Q4 25 | $233.0M | $43.8M | ||
| Q3 25 | $191.0M | $255.1M | ||
| Q2 25 | $257.0M | $93.1M | ||
| Q1 25 | $169.0M | $113.5M | ||
| Q4 24 | $-73.0M | $-7.3M | ||
| Q3 24 | $389.0M | $91.7M | ||
| Q2 24 | $126.0M | $98.3M |
| Q1 26 | — | — | ||
| Q4 25 | 61.2% | 28.6% | ||
| Q3 25 | 61.7% | 29.8% | ||
| Q2 25 | 62.3% | 30.7% | ||
| Q1 25 | 63.2% | 30.9% | ||
| Q4 24 | 62.3% | 30.0% | ||
| Q3 24 | 62.0% | 30.1% | ||
| Q2 24 | 62.7% | 31.2% |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 15.3% | 11.4% | ||
| Q3 25 | 17.3% | 13.8% | ||
| Q2 25 | 15.8% | 15.0% | ||
| Q1 25 | 16.8% | 14.5% | ||
| Q4 24 | 17.9% | 11.7% | ||
| Q3 24 | 16.8% | 13.9% | ||
| Q2 24 | 14.6% | 15.4% |
| Q1 26 | 17.6% | — | ||
| Q4 25 | 16.4% | 3.1% | ||
| Q3 25 | 14.1% | 19.0% | ||
| Q2 25 | 19.7% | 7.0% | ||
| Q1 25 | 13.0% | 9.0% | ||
| Q4 24 | -5.7% | -0.5% | ||
| Q3 24 | 32.0% | 6.9% | ||
| Q2 24 | 10.4% | 7.4% |
| Q1 26 | $1.63 | — | ||
| Q4 25 | $1.35 | $0.30 | ||
| Q3 25 | $1.10 | $1.73 | ||
| Q2 25 | $1.49 | $0.63 | ||
| Q1 25 | $0.97 | $0.77 | ||
| Q4 24 | $-0.41 | $-0.05 | ||
| Q3 24 | $2.22 | $0.63 | ||
| Q2 24 | $0.72 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.2B | $344.0M |
| Total DebtLower is stronger | $2.5B | $3.3B |
| Stockholders' EquityBook value | $6.2B | $1.2B |
| Total Assets | $11.5B | $7.0B |
| Debt / EquityLower = less leverage | 0.41× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.2B | — | ||
| Q4 25 | $1.9B | $344.0M | ||
| Q3 25 | $2.6B | $282.5M | ||
| Q2 25 | $3.1B | $354.4M | ||
| Q1 25 | $2.1B | $335.2M | ||
| Q4 24 | $1.8B | $371.8M | ||
| Q3 24 | $1.6B | $386.0M | ||
| Q2 24 | $1.7B | $388.6M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $3.3B | ||
| Q3 25 | $2.5B | $4.0B | ||
| Q2 25 | $2.5B | $4.0B | ||
| Q1 25 | $1.8B | $4.2B | ||
| Q4 24 | $1.8B | $4.2B | ||
| Q3 24 | $1.8B | $4.3B | ||
| Q2 24 | $1.8B | $4.4B |
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.9B | $1.2B | ||
| Q3 25 | $5.7B | $1.2B | ||
| Q2 25 | $5.5B | $953.1M | ||
| Q1 25 | $5.2B | $797.9M | ||
| Q4 24 | $5.1B | $624.5M | ||
| Q3 24 | $5.2B | $771.2M | ||
| Q2 24 | $4.9B | $650.1M |
| Q1 26 | $11.5B | — | ||
| Q4 25 | $11.3B | $7.0B | ||
| Q3 25 | $10.7B | $7.1B | ||
| Q2 25 | $10.5B | $7.2B | ||
| Q1 25 | $9.4B | $7.0B | ||
| Q4 24 | $9.3B | $7.0B | ||
| Q3 24 | $9.3B | $7.3B | ||
| Q2 24 | $9.0B | $7.3B |
| Q1 26 | 0.41× | — | ||
| Q4 25 | 0.43× | 2.65× | ||
| Q3 25 | 0.45× | 3.34× | ||
| Q2 25 | 0.46× | 4.18× | ||
| Q1 25 | 0.35× | 5.26× | ||
| Q4 24 | 0.35× | 6.72× | ||
| Q3 24 | 0.34× | 5.62× | ||
| Q2 24 | 0.37× | 6.81× |
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 | $441.0M | $293.6M |
| Free Cash FlowOCF − Capex | $407.0M | $257.7M |
| FCF MarginFCF / Revenue | 25.4% | 18.5% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | 1.57× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $441.0M | — | ||
| Q4 25 | $225.0M | $293.6M | ||
| Q3 25 | $322.0M | $165.9M | ||
| Q2 25 | $484.0M | $136.6M | ||
| Q1 25 | $378.0M | $31.9M | ||
| Q4 24 | $359.0M | $244.2M | ||
| Q3 24 | $255.0M | $170.5M | ||
| Q2 24 | $110.0M | $188.2M |
| Q1 26 | $407.0M | — | ||
| Q4 25 | $187.0M | $257.7M | ||
| Q3 25 | $291.0M | $119.6M | ||
| Q2 25 | $457.0M | $93.2M | ||
| Q1 25 | $346.0M | $-12.0M | ||
| Q4 24 | $321.0M | $185.1M | ||
| Q3 24 | $222.0M | $115.2M | ||
| Q2 24 | $74.0M | $129.5M |
| Q1 26 | 25.4% | — | ||
| Q4 25 | 13.2% | 18.5% | ||
| Q3 25 | 21.5% | 8.9% | ||
| Q2 25 | 35.0% | 7.0% | ||
| Q1 25 | 26.7% | -0.9% | ||
| Q4 24 | 24.9% | 13.6% | ||
| Q3 24 | 18.2% | 8.6% | ||
| Q2 24 | 6.1% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 2.6% | ||
| Q3 25 | 2.3% | 3.4% | ||
| Q2 25 | 2.1% | 3.3% | ||
| Q1 25 | 2.5% | 3.5% | ||
| Q4 24 | 3.0% | 4.4% | ||
| Q3 24 | 2.7% | 4.1% | ||
| Q2 24 | 3.0% | 4.4% |
| Q1 26 | 1.57× | — | ||
| Q4 25 | 0.97× | 6.70× | ||
| Q3 25 | 1.69× | 0.65× | ||
| Q2 25 | 1.88× | 1.47× | ||
| Q1 25 | 2.24× | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.66× | 1.86× | ||
| Q2 24 | 0.87× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KEYS
| Commercial Communications | $758.0M | 47% |
| Electronic Industrial | $476.0M | 30% |
| Aerospace, Defense and Government | $366.0M | 23% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
