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Keysight Technologies vs Zebra Technologies

Keysight Technologies and Zebra Technologies are similar in size: $5.38bn and $5.40bn of revenue in their latest fiscal years. Zebra Technologies grew faster (8.3% against 8.0%). Keysight Technologies kept more of each dollar of sales as profit: a net margin of 15.8% against 7.8%.

Latest fiscal yearKeysight TechnologiesKEYS, 2025Zebra TechnologiesZBRA, 2025
Revenue $5.38bn $5.40bn
Revenue growth 8.0% 8.3%
Net income $850m $419m
Operating margin 16.3% —
Net margin 15.8% 7.8%
Return on equity 15.5% 11.7%
Free cash flow $1.28bn $831m
Cash $1.87bn $125m
Total debt $2.53bn $2.51bn
Debt to equity 43.1% —
Dividend per share — —
Dividend yield — —
Share buybacks $375m $587m
Employees 16,800 10,700
Market value $52.83bn $15.88bn
Price vs our value range Within our value range Within our value range
Moat score 77 (Strong) 75 (Strong)
Insider trades, 12 months 0 buys, 27 sales 4 buys, 6 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.