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Side-by-side financial comparison of Keysight Technologies (KEYS) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
Keysight Technologies is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× VALMONT INDUSTRIES INC). Keysight Technologies runs the higher net margin — 16.4% vs 10.5%, a 5.9% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 6.2%). Over the past eight quarters, Keysight Technologies's revenue compounded faster (6.2% CAGR vs -0.5%).
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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
KEYS vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.0B |
| Net Profit | $233.0M | $108.0M |
| Gross Margin | 61.2% | 30.8% |
| Operating Margin | 15.3% | 15.1% |
| Net Margin | 16.4% | 10.5% |
| Revenue YoY | 10.3% | 6.2% |
| Net Profit YoY | 419.2% | 23.8% |
| EPS (diluted) | $1.35 | $5.51 |
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 | — | $1.0B | ||
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $969.3M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $233.0M | $168.0M | ||
| Q3 25 | $191.0M | $99.0M | ||
| Q2 25 | $257.0M | $-4.0M | ||
| Q1 25 | $169.0M | $87.3M | ||
| Q4 24 | $-73.0M | $77.7M | ||
| Q3 24 | $389.0M | $83.1M | ||
| Q2 24 | $126.0M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | 61.2% | 29.8% | ||
| Q3 25 | 61.7% | 30.4% | ||
| Q2 25 | 62.3% | 30.6% | ||
| Q1 25 | 63.2% | 30.0% | ||
| Q4 24 | 62.3% | 30.2% | ||
| Q3 24 | 62.0% | 29.6% | ||
| Q2 24 | 62.7% | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 15.3% | 11.2% | ||
| Q3 25 | 17.3% | 13.5% | ||
| Q2 25 | 15.8% | 2.8% | ||
| Q1 25 | 16.8% | 13.2% | ||
| Q4 24 | 17.9% | 11.6% | ||
| Q3 24 | 16.8% | 12.3% | ||
| Q2 24 | 14.6% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 16.4% | 16.2% | ||
| Q3 25 | 14.1% | 9.5% | ||
| Q2 25 | 19.7% | -0.4% | ||
| Q1 25 | 13.0% | 9.0% | ||
| Q4 24 | -5.7% | 7.5% | ||
| Q3 24 | 32.0% | 8.1% | ||
| Q2 24 | 10.4% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $1.35 | $9.02 | ||
| Q3 25 | $1.10 | $4.98 | ||
| Q2 25 | $1.49 | $-1.53 | ||
| Q1 25 | $0.97 | $4.32 | ||
| Q4 24 | $-0.41 | $3.85 | ||
| Q3 24 | $2.22 | $4.11 | ||
| Q2 24 | $0.72 | $4.91 |
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 | $160.2M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $5.9B | $1.7B |
| Total Assets | $11.3B | $3.4B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $1.9B | $187.1M | ||
| Q3 25 | $2.6B | $226.1M | ||
| Q2 25 | $3.1B | $208.5M | ||
| Q1 25 | $2.1B | $184.4M | ||
| Q4 24 | $1.8B | $164.3M | ||
| Q3 24 | $1.6B | $200.5M | ||
| Q2 24 | $1.7B | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $795.7M | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | $730.6M | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $5.9B | $1.6B | ||
| Q3 25 | $5.7B | $1.6B | ||
| Q2 25 | $5.5B | $1.5B | ||
| Q1 25 | $5.2B | $1.6B | ||
| Q4 24 | $5.1B | $1.5B | ||
| Q3 24 | $5.2B | $1.5B | ||
| Q2 24 | $4.9B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $11.3B | $3.4B | ||
| Q3 25 | $10.7B | $3.4B | ||
| Q2 25 | $10.5B | $3.3B | ||
| Q1 25 | $9.4B | $3.4B | ||
| Q4 24 | $9.3B | $3.3B | ||
| Q3 24 | $9.3B | $3.5B | ||
| Q2 24 | $9.0B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.49× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | 0.47× | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.37× | — |
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 | — |
| Free Cash FlowOCF − Capex | $187.0M | — |
| FCF MarginFCF / Revenue | 13.2% | — |
| Capex IntensityCapex / Revenue | 2.7% | — |
| Cash ConversionOCF / Net Profit | 0.97× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $225.0M | $111.2M | ||
| Q3 25 | $322.0M | $112.5M | ||
| Q2 25 | $484.0M | $167.6M | ||
| Q1 25 | $378.0M | $65.1M | ||
| Q4 24 | $359.0M | $193.4M | ||
| Q3 24 | $255.0M | $225.1M | ||
| Q2 24 | $110.0M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $187.0M | $70.4M | ||
| Q3 25 | $291.0M | $70.6M | ||
| Q2 25 | $457.0M | $135.6M | ||
| Q1 25 | $346.0M | $34.8M | ||
| Q4 24 | $321.0M | $167.8M | ||
| Q3 24 | $222.0M | $204.6M | ||
| Q2 24 | $74.0M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | 6.8% | ||
| Q3 25 | 21.5% | 6.7% | ||
| Q2 25 | 35.0% | 12.9% | ||
| Q1 25 | 26.7% | 3.6% | ||
| Q4 24 | 24.9% | 16.2% | ||
| Q3 24 | 18.2% | 20.1% | ||
| Q2 24 | 6.1% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 3.9% | ||
| Q3 25 | 2.3% | 4.0% | ||
| Q2 25 | 2.1% | 3.0% | ||
| Q1 25 | 2.5% | 3.1% | ||
| Q4 24 | 3.0% | 2.5% | ||
| Q3 24 | 2.7% | 2.0% | ||
| Q2 24 | 3.0% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.97× | 0.66× | ||
| Q3 25 | 1.69× | 1.14× | ||
| Q2 25 | 1.88× | — | ||
| Q1 25 | 2.24× | 0.75× | ||
| Q4 24 | — | 2.49× | ||
| Q3 24 | 0.66× | 2.71× | ||
| Q2 24 | 0.87× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
