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Keysight Technologies vs Ralliant: revenue, profit, margins and growth compared

Keysight Technologies brought in $5.4B of revenue in fiscal 2025, Ralliant $2.1B in fiscal 2025. Revenue changed by +8.0% at Keysight Technologies and -4.0% at Ralliant on the year before, so Keysight Technologies grew faster. Keysight Technologies kept 15.8% of its revenue as net profit, Ralliant -59.1%. Free cash flow was $1.3B at Keysight Technologies and $358.4M at Ralliant.

Side by side, latest fiscal year

KEYSRAL
Fiscal year endedFY2025 (October 31, 2025)FY2025 (December 31, 2025)
Revenue$5.4B$2.1B
Revenue growth+8.0%-4.0%
Net income$850M-$1.2B
Net margin15.8%-59.1%
Free cash flow$1.3B$358.4M
Free cash flow margin23.8%17.3%
Earnings per share (diluted)$4.91-$10.84
Cash$1.9B$318.8M
Debt$2.5B$1.1B
Price to earnings73.8n/a
Market value$61.9B$7.7B
Dividend yieldn/a0.14%
Rank by revenue in sector#118 of 451 · Industrials#217 of 451 · Industrials

Over the years

Revenue
KEYS FY2018: $3.9BKEYS FY2019: $4.3BKEYS FY2020: $4.2BKEYS FY2021: $4.9BKEYS FY2022: $5.4BKEYS FY2023: $5.5BKEYS FY2024: $5BKEYS FY2025: $5.4BRAL FY2023: $2.2BRAL FY2025: $2.2BRAL FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
KEYS $5.4BRAL $2.1B
Net income
KEYS FY2018: $165MKEYS FY2019: $621MKEYS FY2020: $627MKEYS FY2021: $894MKEYS FY2022: $1.1BKEYS FY2023: $1.1BKEYS FY2024: $614MKEYS FY2025: $850MRAL FY2023: $416.8MRAL FY2025: $354.6MRAL FY2025: -$1.2BFY18FY19FY20FY21FY22FY23FY24FY25
KEYS $850MRAL -$1.2B
Net margin
KEYS FY2018: 4.3%KEYS FY2019: 14.4%KEYS FY2020: 14.9%KEYS FY2021: 18.1%KEYS FY2022: 20.7%KEYS FY2023: 19.3%KEYS FY2024: 12.3%KEYS FY2025: 15.8%RAL FY2023: 19.3%RAL FY2025: 16.5%RAL FY2025: -59.1%FY18FY19FY20FY21FY22FY23FY24FY25
KEYS 15.8%RAL -59.1%
Revenue growth
KEYS FY2019: +11.0%KEYS FY2020: -1.9%KEYS FY2021: +17.1%KEYS FY2022: +9.7%KEYS FY2023: +0.8%KEYS FY2024: -8.9%KEYS FY2025: +8.0%RAL FY2025: -0.0%RAL FY2025: -4.0%FY19FY20FY21FY22FY23FY24FY25
KEYS +8.0%RAL -4.0%
Free cash flow
KEYS FY2018: $423MKEYS FY2019: $878MKEYS FY2020: $899MKEYS FY2021: $1.1BKEYS FY2022: $959MKEYS FY2023: $1.2BKEYS FY2024: $898MKEYS FY2025: $1.3BRAL FY2023: $432.6MRAL FY2025: $420.2MRAL FY2025: $358.4MFY18FY19FY20FY21FY22FY23FY24FY25
KEYS $1.3BRAL $358.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Keysight Technologies and Ralliant

Which is bigger by revenue, Keysight Technologies or Ralliant?

Keysight Technologies is bigger by revenue: $5.4B in fiscal 2025, against $2.1B for Ralliant in fiscal 2025.

Which keeps more of its revenue as profit, Keysight Technologies or Ralliant?

Keysight Technologies had a net margin of 15.8% in fiscal 2025; Ralliant had -59.1% in fiscal 2025.

Which grew revenue faster, Keysight Technologies or Ralliant?

In their latest fiscal years revenue changed by +8.0% at Keysight Technologies and -4.0% at Ralliant.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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