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Side-by-side financial comparison of Keysight Technologies (KEYS) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
Keysight Technologies is the larger business by last-quarter revenue ($1.4B vs $891.0M, roughly 1.6× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 16.4%, a 13.1% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 8.7%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $187.0M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
KEYS vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $891.0M |
| Net Profit | $233.0M | $263.0M |
| Gross Margin | 61.2% | — |
| Operating Margin | 15.3% | — |
| Net Margin | 16.4% | 29.5% |
| Revenue YoY | 10.3% | 8.7% |
| Net Profit YoY | 419.2% | 21.8% |
| EPS (diluted) | $1.35 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $1.4B | $861.0M | ||
| Q2 25 | $1.3B | $838.0M | ||
| Q1 25 | $1.3B | $795.0M | ||
| Q4 24 | $1.3B | $820.0M | ||
| Q3 24 | $1.2B | $792.0M | ||
| Q2 24 | $1.2B | $777.0M | ||
| Q1 24 | $1.3B | $742.0M |
| Q4 25 | $233.0M | $263.0M | ||
| Q3 25 | $191.0M | $222.0M | ||
| Q2 25 | $257.0M | $244.0M | ||
| Q1 25 | $169.0M | $170.0M | ||
| Q4 24 | $-73.0M | $216.0M | ||
| Q3 24 | $389.0M | $214.0M | ||
| Q2 24 | $126.0M | $201.0M | ||
| Q1 24 | $172.0M | $153.0M |
| Q4 25 | 61.2% | — | ||
| Q3 25 | 61.7% | — | ||
| Q2 25 | 62.3% | — | ||
| Q1 25 | 63.2% | — | ||
| Q4 24 | 62.3% | — | ||
| Q3 24 | 62.0% | — | ||
| Q2 24 | 62.7% | — | ||
| Q1 24 | 64.6% | — |
| Q4 25 | 15.3% | — | ||
| Q3 25 | 17.3% | — | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 16.8% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 14.6% | — | ||
| Q1 24 | 17.6% | — |
| Q4 25 | 16.4% | 29.5% | ||
| Q3 25 | 14.1% | 25.8% | ||
| Q2 25 | 19.7% | 29.1% | ||
| Q1 25 | 13.0% | 21.4% | ||
| Q4 24 | -5.7% | 26.3% | ||
| Q3 24 | 32.0% | 27.0% | ||
| Q2 24 | 10.4% | 25.9% | ||
| Q1 24 | 13.7% | 20.6% |
| Q4 25 | $1.35 | $1.77 | ||
| Q3 25 | $1.10 | $1.48 | ||
| Q2 25 | $1.49 | $1.63 | ||
| Q1 25 | $0.97 | $1.13 | ||
| Q4 24 | $-0.41 | $1.34 | ||
| Q3 24 | $2.22 | $1.37 | ||
| Q2 24 | $0.72 | $1.28 | ||
| Q1 24 | $0.98 | $0.96 |
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 | $1.5B |
| Stockholders' EquityBook value | $5.9B | $7.2B |
| Total Assets | $11.3B | $89.0B |
| Debt / EquityLower = less leverage | 0.43× | 0.21× |
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 | $1.5B | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.5B | $970.0M | ||
| Q1 25 | $1.8B | $964.0M | ||
| Q4 24 | $1.8B | $950.0M | ||
| Q3 24 | $1.8B | $548.0M | ||
| Q2 24 | $1.8B | $546.0M | ||
| Q1 24 | $1.8B | $544.0M |
| Q4 25 | $5.9B | $7.2B | ||
| Q3 25 | $5.7B | $6.9B | ||
| Q2 25 | $5.5B | $6.6B | ||
| Q1 25 | $5.2B | $6.3B | ||
| Q4 24 | $5.1B | $6.1B | ||
| Q3 24 | $5.2B | $6.4B | ||
| Q2 24 | $4.9B | $6.0B | ||
| Q1 24 | $4.8B | $5.8B |
| Q4 25 | $11.3B | $89.0B | ||
| Q3 25 | $10.7B | $88.5B | ||
| Q2 25 | $10.5B | $88.9B | ||
| Q1 25 | $9.4B | $88.0B | ||
| Q4 24 | $9.3B | $88.8B | ||
| Q3 24 | $9.3B | $87.0B | ||
| Q2 24 | $9.0B | $87.6B | ||
| Q1 24 | $9.1B | $87.1B |
| Q4 25 | 0.43× | 0.21× | ||
| Q3 25 | 0.45× | 0.21× | ||
| Q2 25 | 0.46× | 0.15× | ||
| Q1 25 | 0.35× | 0.15× | ||
| Q4 24 | 0.35× | 0.16× | ||
| Q3 24 | 0.34× | 0.09× | ||
| Q2 24 | 0.37× | 0.09× | ||
| Q1 24 | 0.38× | 0.09× |
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 | $952.0M |
| FCF MarginFCF / Revenue | 13.2% | 106.8% |
| Capex IntensityCapex / Revenue | 2.7% | 13.6% |
| Cash ConversionOCF / Net Profit | 0.97× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $225.0M | $1.1B | ||
| Q3 25 | $322.0M | $438.0M | ||
| Q2 25 | $484.0M | $-62.0M | ||
| Q1 25 | $378.0M | $179.0M | ||
| Q4 24 | $359.0M | $1.1B | ||
| Q3 24 | $255.0M | $119.0M | ||
| Q2 24 | $110.0M | $251.0M | ||
| Q1 24 | $328.0M | $261.0M |
| Q4 25 | $187.0M | $952.0M | ||
| Q3 25 | $291.0M | $413.0M | ||
| Q2 25 | $457.0M | $-93.0M | ||
| Q1 25 | $346.0M | $152.0M | ||
| Q4 24 | $321.0M | $1.1B | ||
| Q3 24 | $222.0M | $97.0M | ||
| Q2 24 | $74.0M | $234.0M | ||
| Q1 24 | $281.0M | $231.0M |
| Q4 25 | 13.2% | 106.8% | ||
| Q3 25 | 21.5% | 48.0% | ||
| Q2 25 | 35.0% | -11.1% | ||
| Q1 25 | 26.7% | 19.1% | ||
| Q4 24 | 24.9% | 128.2% | ||
| Q3 24 | 18.2% | 12.2% | ||
| Q2 24 | 6.1% | 30.1% | ||
| Q1 24 | 22.3% | 31.1% |
| Q4 25 | 2.7% | 13.6% | ||
| Q3 25 | 2.3% | 2.9% | ||
| Q2 25 | 2.1% | 3.7% | ||
| Q1 25 | 2.5% | 3.4% | ||
| Q4 24 | 3.0% | 11.8% | ||
| Q3 24 | 2.7% | 2.8% | ||
| Q2 24 | 3.0% | 2.2% | ||
| Q1 24 | 3.7% | 4.0% |
| Q4 25 | 0.97× | 4.08× | ||
| Q3 25 | 1.69× | 1.97× | ||
| Q2 25 | 1.88× | -0.25× | ||
| Q1 25 | 2.24× | 1.05× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | 0.66× | 0.56× | ||
| Q2 24 | 0.87× | 1.25× | ||
| Q1 24 | 1.91× | 1.71× |
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% |
ZION
Segment breakdown not available.
