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Side-by-side financial comparison of Keysight Technologies (KEYS) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $1.4B, roughly 1.8× Keysight Technologies). Tapestry, Inc. runs the higher net margin — 22.4% vs 16.4%, a 6.0% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 10.3%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $187.0M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
KEYS vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.5B |
| Net Profit | $233.0M | $561.3M |
| Gross Margin | 61.2% | 75.5% |
| Operating Margin | 15.3% | 28.6% |
| Net Margin | 16.4% | 22.4% |
| Revenue YoY | 10.3% | 14.0% |
| Net Profit YoY | 419.2% | 80.8% |
| EPS (diluted) | $1.35 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.6B | ||
| Q1 24 | $1.3B | $1.5B |
| Q4 25 | $233.0M | $561.3M | ||
| Q3 25 | $191.0M | $274.8M | ||
| Q2 25 | $257.0M | $-517.1M | ||
| Q1 25 | $169.0M | $203.3M | ||
| Q4 24 | $-73.0M | $310.4M | ||
| Q3 24 | $389.0M | $186.6M | ||
| Q2 24 | $126.0M | $159.3M | ||
| Q1 24 | $172.0M | $139.4M |
| Q4 25 | 61.2% | 75.5% | ||
| Q3 25 | 61.7% | 76.3% | ||
| Q2 25 | 62.3% | 76.3% | ||
| Q1 25 | 63.2% | 76.1% | ||
| Q4 24 | 62.3% | 74.4% | ||
| Q3 24 | 62.0% | 75.3% | ||
| Q2 24 | 62.7% | 74.9% | ||
| Q1 24 | 64.6% | 74.7% |
| Q4 25 | 15.3% | 28.6% | ||
| Q3 25 | 17.3% | 19.3% | ||
| Q2 25 | 15.8% | -33.9% | ||
| Q1 25 | 16.8% | 16.0% | ||
| Q4 24 | 17.9% | 22.4% | ||
| Q3 24 | 16.8% | 16.7% | ||
| Q2 24 | 14.6% | 14.8% | ||
| Q1 24 | 17.6% | 13.8% |
| Q4 25 | 16.4% | 22.4% | ||
| Q3 25 | 14.1% | 16.1% | ||
| Q2 25 | 19.7% | -30.0% | ||
| Q1 25 | 13.0% | 12.8% | ||
| Q4 24 | -5.7% | 14.1% | ||
| Q3 24 | 32.0% | 12.4% | ||
| Q2 24 | 10.4% | 10.0% | ||
| Q1 24 | 13.7% | 9.4% |
| Q4 25 | $1.35 | $2.68 | ||
| Q3 25 | $1.10 | $1.28 | ||
| Q2 25 | $1.49 | $-2.30 | ||
| Q1 25 | $0.97 | $0.95 | ||
| Q4 24 | $-0.41 | $1.38 | ||
| Q3 24 | $2.22 | $0.79 | ||
| Q2 24 | $0.72 | $0.67 | ||
| Q1 24 | $0.98 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | $2.5B | $2.4B |
| Stockholders' EquityBook value | $5.9B | $551.2M |
| Total Assets | $11.3B | $6.5B |
| Debt / EquityLower = less leverage | 0.43× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $2.6B | $743.2M | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.6B | $7.3B | ||
| Q2 24 | $1.7B | $7.2B | ||
| Q1 24 | $1.7B | $7.4B |
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $2.5B | $2.4B | ||
| Q2 25 | $2.5B | $2.4B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.8B | $7.0B | ||
| Q2 24 | $1.8B | $6.9B | ||
| Q1 24 | $1.8B | $7.7B |
| Q4 25 | $5.9B | $551.2M | ||
| Q3 25 | $5.7B | $399.5M | ||
| Q2 25 | $5.5B | $857.8M | ||
| Q1 25 | $5.2B | $1.5B | ||
| Q4 24 | $5.1B | $1.3B | ||
| Q3 24 | $5.2B | $3.0B | ||
| Q2 24 | $4.9B | $2.9B | ||
| Q1 24 | $4.8B | $2.8B |
| Q4 25 | $11.3B | $6.5B | ||
| Q3 25 | $10.7B | $6.4B | ||
| Q2 25 | $10.5B | $6.6B | ||
| Q1 25 | $9.4B | $7.3B | ||
| Q4 24 | $9.3B | $7.3B | ||
| Q3 24 | $9.3B | $13.7B | ||
| Q2 24 | $9.0B | $13.4B | ||
| Q1 24 | $9.1B | $13.7B |
| Q4 25 | 0.43× | 4.32× | ||
| Q3 25 | 0.45× | 5.95× | ||
| Q2 25 | 0.46× | 2.77× | ||
| Q1 25 | 0.35× | 1.59× | ||
| Q4 24 | 0.35× | 1.78× | ||
| Q3 24 | 0.34× | 2.35× | ||
| Q2 24 | 0.37× | 2.39× | ||
| Q1 24 | 0.38× | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $187.0M | $1.0B |
| FCF MarginFCF / Revenue | 13.2% | 41.5% |
| Capex IntensityCapex / Revenue | 2.7% | 1.7% |
| Cash ConversionOCF / Net Profit | 0.97× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $225.0M | $1.1B | ||
| Q3 25 | $322.0M | $112.6M | ||
| Q2 25 | $484.0M | $446.8M | ||
| Q1 25 | $378.0M | $144.3M | ||
| Q4 24 | $359.0M | $506.0M | ||
| Q3 24 | $255.0M | $119.5M | ||
| Q2 24 | $110.0M | $256.0M | ||
| Q1 24 | $328.0M | $97.8M |
| Q4 25 | $187.0M | $1.0B | ||
| Q3 25 | $291.0M | $80.2M | ||
| Q2 25 | $457.0M | $411.5M | ||
| Q1 25 | $346.0M | $113.4M | ||
| Q4 24 | $321.0M | $475.1M | ||
| Q3 24 | $222.0M | $93.9M | ||
| Q2 24 | $74.0M | $209.8M | ||
| Q1 24 | $281.0M | $78.8M |
| Q4 25 | 13.2% | 41.5% | ||
| Q3 25 | 21.5% | 4.7% | ||
| Q2 25 | 35.0% | 23.9% | ||
| Q1 25 | 26.7% | 7.2% | ||
| Q4 24 | 24.9% | 21.6% | ||
| Q3 24 | 18.2% | 6.2% | ||
| Q2 24 | 6.1% | 13.2% | ||
| Q1 24 | 22.3% | 5.3% |
| Q4 25 | 2.7% | 1.7% | ||
| Q3 25 | 2.3% | 1.9% | ||
| Q2 25 | 2.1% | 2.0% | ||
| Q1 25 | 2.5% | 2.0% | ||
| Q4 24 | 3.0% | 1.4% | ||
| Q3 24 | 2.7% | 1.7% | ||
| Q2 24 | 3.0% | 2.9% | ||
| Q1 24 | 3.7% | 1.3% |
| Q4 25 | 0.97× | 1.93× | ||
| Q3 25 | 1.69× | 0.41× | ||
| Q2 25 | 1.88× | — | ||
| Q1 25 | 2.24× | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | 0.66× | 0.64× | ||
| Q2 24 | 0.87× | 1.61× | ||
| Q1 24 | 1.91× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
