FN vs. KEYS: Fabrinet vs. Keysight Stock Comparison

November 11, 2026

How do Fabrinet (FN) and Keysight (KEYS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Fabrinet (FN) and Keysight (KEYS) both belong to the Electronic Equipment, Instruments & Components industry, though FN is classified under Electronic Manufacturing Services while KEYS falls under Electronic Equipment & Instruments.

Company profile comparison for Fabrinet (FN) and Keysight (KEYS)
Profile Item	FN	KEYS
Name	Fabrinet	Keysight Technologies, Inc.
Country/Region	Cayman Islands	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Electronic Manufacturing Services	Electronic Equipment & Instruments
Market Capitalization	11.68 billion USD	46.33 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 25, 2010	October 20, 2014
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

KEYS

GSPC

Fabrinet (FN) vs. Keysight (KEYS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Fabrinet (FN) and Keysight (KEYS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fabrinet (FN) and Keysight (KEYS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Fabrinet (FN) and Keysight (KEYS)
Metric	FN	KEYS
Total Return (1Y)	-18.88%	59.88%
Total Return (3Y, Annualized)	29.70%	33.36%
Total Return (5Y, Annualized)	25.04%	9.24%

Risk Profile

Drawdown History

KEYS

GSPC

Fabrinet (FN) vs. Keysight (KEYS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Fabrinet (FN) and Keysight (KEYS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fabrinet (FN) and Keysight (KEYS)
Metric	FN	KEYS
Volatility (1Y, Annualized)	81.72%	47.95%
Beta (5Y)	1.33	1.22
Max Drawdown (5Y)	-60.75%	-42.62%
Avg. Volume (3M)	999.77K	1.31M

Risk-Adjusted Performance

Risk-Return Positioning

FN and KEYS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Fabrinet (FN) and Keysight (KEYS)
Metric	FN	KEYS
Sharpe Ratio (1Y)	-0.28	1.16
Sortino Ratio (1Y)	-0.40	1.82

Profitability

ROE (TTM)

Both Fabrinet (FN) at 21.00% and Keysight (KEYS) at 20.90% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

FN

Technology Hardware & Equipment industry group

21.00%

Max: 42.47%
FN: 21.00%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

KEYS

Technology Hardware & Equipment industry group

20.90%

Max: 42.47%
KEYS: 20.90%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Keysight (KEYS) at 19.14% retains a top-quartile share of revenue as profit, ahead of Fabrinet (FN) at 9.36%, which keeps about the industry-typical share.

FN

Technology Hardware & Equipment industry group

9.36%

Max: 27.60%
Q3: 11.66%
FN: 9.36%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

KEYS

Technology Hardware & Equipment industry group

19.14%

Max: 27.60%
KEYS: 19.14%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Keysight (KEYS) at 25.68% operates in the top operating margin quartile, ahead of Fabrinet (FN) at 9.95%, which runs around its industry’s norm.

FN

Technology Hardware & Equipment industry group

9.95%

Max: 36.27%
Q3: 18.36%
FN: 9.95%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

KEYS

Technology Hardware & Equipment industry group

25.68%

Max: 36.27%
KEYS: 25.68%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Fabrinet (FN) and Keysight (KEYS)
Metric	FN	KEYS
ROE (TTM)	21.00%	20.90%
ROA (TTM)	8.80%	7.23%
Net Margin (TTM)	9.36%	19.14%
Operating Margin (TTM)	9.95%	25.68%
Gross Margin (TTM)	11.95%	63.28%

Growth

Revenue Growth

Fabrinet (FN) at 35.73% sits in the top revenue growth quartile, while Keysight (KEYS) at 7.95% is closer to the peer norm — faster top-line expansion for FN.

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Fabrinet (FN) at 42.31% and Keysight (KEYS) at 39.32% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fabrinet (FN) and Keysight (KEYS)
Metric	FN	KEYS
Revenue Growth (YoY)	35.73%	7.95%
Revenue Growth (3Y CAGR)	20.61%	-0.28%
EPS Growth (YoY)	42.31%	39.32%
EPS Growth (3Y CAGR)	24.70%	-7.51%

Financial Strength

Current Ratio (MRQ)

Both Fabrinet (FN) at 2.04 and Keysight (KEYS) at 2.02 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FN

Technology Hardware & Equipment industry group

2.04

Max: 5.34
Q3: 3.02
FN: 2.04
Median: 1.95
Q1: 1.32
Min: 0.17

KEYS

Technology Hardware & Equipment industry group

2.02

Max: 5.34
Q3: 3.02
KEYS: 2.02
Median: 1.95
Q1: 1.32
Min: 0.17

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Fabrinet (FN) at 0.03 keeps leverage in the lower industry quartile, while Keysight (KEYS) at 0.42 runs a more typical debt-to-equity mix.

FN

Technology Hardware & Equipment industry group

0.03

Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
FN: 0.03
Min: 0.01

KEYS

Technology Hardware & Equipment industry group

0.42

Max: 1.76
Q3: 0.78
KEYS: 0.42
Median: 0.24
Q1: 0.04
Min: 0.01

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Fabrinet (FN) and Keysight (KEYS)
Metric	FN	KEYS
Current Ratio (MRQ)	2.04	2.02
Debt / Equity (MRQ)	0.03	0.42
Net Debt / EBITDA	-1.15	0.09

Dividends

Dividend Yield (TTM)

Neither Fabrinet (FN) nor Keysight (KEYS) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FN

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
FN: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

KEYS

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
KEYS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Fabrinet (FN) nor Keysight (KEYS) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FN

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
FN: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

KEYS

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
KEYS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Fabrinet (FN) and Keysight (KEYS)
Metric	FN	KEYS
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Both Fabrinet (FN) at 24.69 and Keysight (KEYS) at 36.82 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

FN

Technology Hardware & Equipment industry group

24.69

Max: 69.48
Q3: 41.02
Median: 26.39
FN: 24.69
Q1: 19.36
Min: 6.07

KEYS

Technology Hardware & Equipment industry group

36.82

Max: 69.48
Q3: 41.02
KEYS: 36.82
Median: 26.39
Q1: 19.36
Min: 6.07

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Fabrinet (FN) at 2.27 is priced about in line with its industry on P/S ratio, while Keysight (KEYS) at 7.04 sits in the pricier quartile — KEYS costs more per dollar of sales.

FN

Technology Hardware & Equipment industry group

2.27

Max: 11.30
Q3: 5.82
Median: 2.56
FN: 2.27
Q1: 1.05
Min: 0.00

KEYS

Technology Hardware & Equipment industry group

7.04

Max: 11.30
KEYS: 7.04
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Fabrinet (FN) at 4.66 is valued about in line with its industry on P/B ratio, while Keysight (KEYS) at 7.05 carries an above-peer premium to book — KEYS is pricier on assets.

FN

Technology Hardware & Equipment industry group

4.66

Max: 10.75
Q3: 5.52
FN: 4.66
Median: 3.17
Q1: 1.79
Min: 0.33

KEYS

Technology Hardware & Equipment industry group

7.05

Max: 10.75
KEYS: 7.05
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Fabrinet (FN) vs. Keysight (KEYS): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Fabrinet (FN) and Keysight (KEYS)
Metric	FN	KEYS
P/E Ratio (TTM)	24.69	36.82
P/S Ratio (TTM)	2.27	7.04
P/B Ratio (MRQ)	4.66	7.05
Free Cash Flow Yield (TTM)	-2.11%	4.03%