KEYS vs KLAC vs EMR Stock Comparison

Keysight Technologies, Kla and Emerson Electric Prices as of Oct 23, 2026 Peers: Industry group
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KLAC Kla Corp
$145.61 -22.5% 1M +25.6% 1Y
Market cap
$195.64B
P/E
40.5x
Revenue (TTM)
$13.58B
Div. yield
0.01%
Semiconductor Equipment Technology
4 wins
EMR Emerson Electric Co
$161.60 +4.6% 1M +21.3% 1Y
Market cap
$90.47B
P/E
35.1x
Revenue (TTM)
$18.64B
Div. yield
0.01%
Pumps and Valves Industrials
4 wins

Head to Head

12 decided of 12

Kla leads on 4 of the 12 questions below (Kla 4, Emerson Electric 4, Keysight Technologies 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionKEYSKLACEMRLeader
Larger companyMarket capitalisation $55.73B $195.64B $90.47B KLAC
Cheaper on earningsLower P/E, profitable companies only 44.2x 40.5x 35.1x EMR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.4x 25.7x 24.0x EMR
Faster revenue growthRevenue growth, trailing twelve months +25.5% +11.7% +4.8% KEYS
More profitableNet margin, trailing twelve months 19.1% 35.6% 13.8% KLAC
Better return on capitalReturn on invested capital 13.4% 40.7% 10.9% KLAC
Less leveragedLower net debt / EBITDA -0.1x 0.7x 1.8x KEYS
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.01% EMR
Better 1-year returnPrice return, last 12 months +86.8% +25.6% +21.3% KEYS
Better 5-year returnAnnualised price return, 5 years +12.3%/yr +33.6%/yr +10.8%/yr KLAC
Less volatileAnnualised volatility, 1 year 45.0% 61.4% 31.7% EMR
Higher overall scoreMean of the five percentile scores vs peers 63/100 59/100 45/100 KEYS

Percentile Scorecard

KEYSKLACEMR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisKEYSKLACEMR
Valuation 27 #82 of 112 38 #59 of 95 35 #133 of 203
Growth 64 #40 of 109 54 #43 of 93 40 #113 of 188
Profitability 89 #13 of 105 97 #4 of 91 85 #29 of 187
Financial Health 54 #54 of 117 21 #81 of 102 29 #158 of 222
Shareholder Returns 80 #17 of 82 84 #13 of 76 36 #99 of 153
Overall 63 59 45
  • KEYS ranked among 122 companies in Computer Hardware
  • KLAC ranked among 104 companies in Semiconductors
  • EMR ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodKEYSKLACEMRSPY
1 month -11.0%-22.5%+4.6% -1.0%
3 months -1.3%-30.8%+9.2% +2.9%
6 months -9.3%-24.7%+14.3% +6.4%
Year to date +54.8%+19.8%+21.8% +11.4%
1 year +86.8%+25.6%+21.3% +13.1%
3 years +157.4%+209.6%+78.1% +79.4%
3 years, per year +37.1%+45.8%+21.2% +21.5%
5 years +78.5%+324.5%+67.2% +67.7%
5 years, per year +12.3%+33.6%+10.8% +10.9%
10 years +868.3%+1,877.3%+222.5% +255.2%
10 years, per year +25.5%+34.8%+12.4% +13.5%

Risk

MeasureKEYSKLACEMRSPY
Volatility, 1Y 45.0%61.4%31.7% 12.7%
Downside volatility, 1Y 43.9%65.4%33.3% 12.7%
Beta vs S&P 500, 1Y 1.892.791.52 1.00
Return / volatility, 1Y 1.930.420.67 1.03
Max drawdown, 5Y -42.6%-51.7%-29.9% -25.4%
From 52-week high -18.9%-51.7%-1.7% -2.5%
52-week high $387.90$301.71$164.37 $779.14
52-week low $167.77$109.71$123.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleKEYSKLACEMR
P/E now vs peer median 42.7xmedian 31.3x 39.5xmedian 41.5x 35.0xmedian 25.9x
P/S now vs peer median 8.1xmedian 2.6x 14.0xmedian 6.9x 4.8xmedian 1.9x
EV/EBITDA now vs peer median 31.0xmedian 19.6x 32.1xmedian 27.3x 16.4xmedian 13.7x
P/FCF now vs peer median 36.5xmedian 28.3x 50.5xmedian 35.6x 26.0xmedian 21.1x
P/B now vs peer median 8.2xmedian 2.9x 30.0xmedian 4.2x 4.4xmedian 2.3x
PEG now vs peer median 8.75median 1.15 2.66median 2.31 -0.84median 1.19

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsKEYSKLACEMR
Revenue $6.58B $13.58B $18.64B
Gross profit $4.26B $8.32B $9.91B
Operating income $1.33B $5.66B $4.68B
Net income $1.26B $4.83B $2.58B
Free cash flow $1.47B $3.77B $3.46B
R&D $1.19B $1.53B –
EPS (diluted) $7.28 $3.66 $4.59
Cash & equivalents $2.61B $1.65B $2.18B
Total debt $2.52B $5.89B $54.11B
Shares (diluted) 173.00M 1.32B 561.10M
Enterprise value $46.66B $187.80B $83.21B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricKEYSKLACEMR
P/E 42.7x 39.5x 35.0x
P/FCF 36.5x 50.5x 26.0x
P/Operating cash flow 33.4x 45.9x 23.0x
P/S 8.1x 14.0x 4.8x
P/B 8.2x 30.0x 4.4x
P/Tangible book 9.8x 31.2x 7.7x
EV/EBITDA 31.0x 32.1x 16.4x
EV/EBIT 40.1x 34.4x 21.6x
EV/Revenue 8.1x 14.3x 5.4x
EV/FCF 36.4x 51.6x 29.2x
EV/Operating cash flow 33.3x 47.0x 25.8x
PEG (3Y EPS CAGR) 8.75 2.66 -0.84

Growth

14 metrics
MetricKEYSKLACEMR
Revenue growth (1Y) 25.5% 11.7% 4.8%
Revenue CAGR (3Y) 5.6% 9.0% 7.6%
Gross profit growth (1Y) 30.2% 12.4% 5.7%
Gross profit CAGR (3Y) 5.8% 9.9% 11.0%
Operating income growth (1Y) 49.9% 12.9% 9.2%
Operating income CAGR (3Y) -2.1% 12.3% 13.6%
Net income growth (1Y) 131.6% 18.9% -3.0%
Net income CAGR (3Y) 3.7% 12.6% -42.0%
EPS growth (1Y) 131.6% 20.5% -2.2%
EPS CAGR (3Y) 4.9% 14.9% -41.6%
Operating cash flow growth (1Y) 4.0% 1.5% 4.4%
Operating cash flow CAGR (3Y) 4.0% 4.1% 10.1%
Free cash flow growth (1Y) 3.8% 0.5% 4.4%
Free cash flow CAGR (3Y) 6.6% 4.2% 9.4%

Profitability

14 metrics
MetricKEYSKLACEMR
Gross margin 64.7% 61.3% 53.2%
EBITDA margin 26.2% 44.6% 33.1%
Operating margin 20.3% 41.7% 25.1%
Pretax margin 21.5% 41.3% 17.6%
Net margin 19.1% 35.6% 13.8%
FCF margin 22.3% 27.7% 18.6%
Operating cash flow margin 24.4% 30.5% 21.0%
Return on equity 19.8% 79.3% 12.7%
Return on assets 10.8% 27.7% 6.1%
Return on invested capital 13.4% 40.7% 10.9%
Return on capital employed 14.5% 43.2% 14.9%
Asset turnover 0.6x 0.8x 0.4x
Cash conversion (OCF / net income) 1.3x 0.9x 1.5x
Stock comp / revenue 3.3% 2.3% 1.3%

Financial Health

11 metrics
MetricKEYSKLACEMR
Debt / assets 21.1% 32.8% 31.1%
Debt / equity 0.4x 0.9x 0.6x
Net debt / EBITDA -0.1x 0.7x 1.8x
Debt / FCF 1.7x 1.6x 3.8x
Liabilities / assets 44.9% 64.6% 51.7%
Equity / assets 55.1% 35.4% 48.3%
Interest coverage 12.3x 19.9x –
Current ratio 2.0x 2.9x 0.9x
Quick ratio 1.4x 1.1x 0.5x
Cash ratio 1.0x 0.4x 0.2x
Altman Z-score 8.15 12.47 4.63

Shareholder Returns

7 metrics
MetricKEYSKLACEMR
Dividend yield – 0.6% 1.4%
Net buyback yield 2.2% 1.1% 1.0%
Shareholder yield 2.2% 1.7% 2.4%
Payout ratio (earnings) – 21.9% 47.8%
Payout ratio (FCF) – 28.1% 35.6%
Dividend growth (1Y) – 17.2% 3.1%
Dividend CAGR (3Y) – 13.1% 0.7%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusKEYSKLACEMR
Forward P/E 29.4xFY2026 25.7xFY2027 24.0xFY2026
EPS, next fiscal year $10.71FY2026 $5.67FY2027 $6.74FY2026
EPS growth, next FY +49.6%FY2026 +50.8%FY2027 +12.3%FY2026
EPS growth, the year after +20.4% +16.8% +15.4%
Revenue, next fiscal year $6.71BFY2026 $19.18BFY2027 $18.13BFY2026
Revenue growth, next FY +24.8%FY2026 +41.2%FY2027 +0.6%FY2026
Revenue growth, the year after +18.9% +8.6% +15.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKEYSKLACEMR
Held by institutions 89.8% 91.0% 82.1%
Institutions holding 1,246 2,478 2,290
Change in shares held, QoQ +1.2% +4.2% +0.9%
Institutions buying 674 1,285 1,080
Institutions selling 380 982 798
Buyers to sellers 1.77 1.31 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

KEYSKLACEMR
KEYS 1.00 0.62 0.51
KLAC 0.62 1.00 0.49
EMR 0.51 0.49 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, KEYS, KLAC and EMR?

Kla (KLAC) is the largest by market capitalisation: Keysight Technologies (KEYS) $55.73B, Kla (KLAC) $195.64B, Emerson Electric (EMR) $90.47B.

Which stock is cheaper, KEYS, KLAC and EMR?

Emerson Electric (EMR) trades on the lowest price-to-earnings ratio (Keysight Technologies (KEYS) 44.2x, Kla (KLAC) 40.5x, Emerson Electric (EMR) 35.1x). On next year's consensus earnings, Emerson Electric (EMR) is cheapest (Keysight Technologies (KEYS) 29.4x, Kla (KLAC) 25.7x, Emerson Electric (EMR) 24.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Keysight Technologies (KEYS) grew revenue fastest over the trailing twelve months: Keysight Technologies (KEYS) +25.5%, Kla (KLAC) +11.7%, Emerson Electric (EMR) +4.8%.

Which company is more profitable?

Kla (KLAC) has the highest net margin (Keysight Technologies (KEYS) 19.1%, Kla (KLAC) 35.6%, Emerson Electric (EMR) 13.8%). On return on invested capital, Kla (KLAC) leads (Keysight Technologies (KEYS) 13.4%, Kla (KLAC) 40.7%, Emerson Electric (EMR) 10.9%).

Which stock has performed better?

Over the past year Keysight Technologies (KEYS) returned the most: Keysight Technologies (KEYS) +86.8%, Kla (KLAC) +25.6%, Emerson Electric (EMR) +21.3%. Over five years, Kla (KLAC) compounded fastest (Keysight Technologies (KEYS) +12.3%/yr, Kla (KLAC) +33.6%/yr, Emerson Electric (EMR) +10.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Emerson Electric (EMR) has the highest dividend yield: Keysight Technologies (KEYS) 0.00%, Kla (KLAC) 0.01%, Emerson Electric (EMR) 0.01%. Keysight Technologies (KEYS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Emerson Electric (EMR) has been the steadiest (Keysight Technologies (KEYS) 45.0%, Kla (KLAC) 61.4%, Emerson Electric (EMR) 31.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, KEYS, KLAC and EMR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Kla (KLAC) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.