HPE vs. KEYS: Hewlett Packard Enterprise vs. Keysight Stock Comparison

November 11, 2026

How do Hewlett Packard Enterprise (HPE) 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

Hewlett Packard Enterprise (HPE) and Keysight (KEYS) both fall under the Technology Hardware & Equipment industry group, but HPE is classified in Technology Hardware, Storage & Peripherals while KEYS is classified in Electronic Equipment, Instruments & Components.

Company profile comparison for Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Profile Item	HPE	KEYS
Name	Hewlett Packard Enterprise Company	Keysight Technologies, Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Technology Hardware, Storage & Peripherals	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Technology Hardware, Storage & Peripherals	Electronic Equipment & Instruments
Market Capitalization	59.43 billion USD	46.33 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 19, 2015	October 20, 2014
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HPE

KEYS

GSPC

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) and Keysight (KEYS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Hewlett Packard Enterprise (HPE) and Keysight (KEYS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Metric	HPE	KEYS
Total Return (1Y)	110.12%	59.88%
Total Return (3Y, Annualized)	49.38%	33.36%
Total Return (5Y, Annualized)	28.98%	9.24%

Risk Profile

Drawdown History

HPE

KEYS

GSPC

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) and Keysight (KEYS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Metric	HPE	KEYS
Volatility (1Y, Annualized)	61.60%	47.95%
Beta (5Y)	1.49	1.22
Max Drawdown (5Y)	-48.36%	-42.62%
Avg. Volume (3M)	20.47M	1.31M

Risk-Adjusted Performance

Risk-Return Positioning

HPE 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 Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Metric	HPE	KEYS
Sharpe Ratio (1Y)	1.72	1.16
Sortino Ratio (1Y)	2.76	1.82

Profitability

ROE (TTM)

Keysight (KEYS) at 20.90% sits in the top ROE quartile, while Hewlett Packard Enterprise (HPE) at 10.94% is closer to the peer norm — stronger capital efficiency for KEYS.

HPE

Technology Hardware & Equipment industry group

10.94%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
HPE: 10.94%
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%

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) at 6.67%, which keeps about the industry-typical share.

HPE

Technology Hardware & Equipment industry group

6.67%

Max: 27.60%
Q3: 11.66%
HPE: 6.67%
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%

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) at 12.56%, which runs around its industry’s norm.

HPE

Technology Hardware & Equipment industry group

12.56%

Max: 36.27%
Q3: 18.36%
HPE: 12.56%
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%

Hewlett Packard Enterprise (HPE) vs. Keysight (KEYS): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Metric	HPE	KEYS
ROE (TTM)	10.94%	20.90%
ROA (TTM)	2.64%	7.23%
Net Margin (TTM)	6.67%	19.14%
Operating Margin (TTM)	12.56%	25.68%
Gross Margin (TTM)	36.62%	63.28%

Growth

Revenue Growth

Both Hewlett Packard Enterprise (HPE) at 13.84% and Keysight (KEYS) at 7.95% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Hewlett Packard Enterprise (HPE) vs. Keysight (KEYS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Keysight (KEYS) at 39.32% is around its peer norm for EPS growth, while Hewlett Packard Enterprise (HPE) at -102.07% drops into the bottom quartile, signaling weaker earnings momentum.

Hewlett Packard Enterprise (HPE) vs. Keysight (KEYS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Metric	HPE	KEYS
Revenue Growth (YoY)	13.84%	7.95%
Revenue Growth (3Y CAGR)	6.37%	-0.28%
EPS Growth (YoY)	-102.07%	39.32%
EPS Growth (3Y CAGR)	--	-7.51%

Financial Strength

Current Ratio (MRQ)

Keysight (KEYS) at 2.02 keeps current ratio within its industry’s typical mid-range, while Hewlett Packard Enterprise (HPE) at 1.11 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for HPE.

HPE

Technology Hardware & Equipment industry group

1.11

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
HPE: 1.11
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

Hewlett Packard Enterprise (HPE) vs. Keysight (KEYS): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Hewlett Packard Enterprise (HPE) at 0.76 and Keysight (KEYS) at 0.42 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

HPE

Technology Hardware & Equipment industry group

0.76

Max: 1.76
Q3: 0.78
HPE: 0.76
Median: 0.24
Q1: 0.04
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

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Metric	HPE	KEYS
Current Ratio (MRQ)	1.11	2.02
Debt / Equity (MRQ)	0.76	0.42
Net Debt / EBITDA	2.05	0.09

Dividends

Dividend Yield (TTM)

Keysight (KEYS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Hewlett Packard Enterprise (HPE) reports a yield of 1.26%, ranking against industry peers normally.

HPE

Technology Hardware & Equipment industry group

1.26%

HPE: 1.26%
Max: 0.73%
Q3: 0.31%
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%

Hewlett Packard Enterprise (HPE) vs. Keysight (KEYS): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Keysight (KEYS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Hewlett Packard Enterprise (HPE) reports a payout of 28.74%, ranking against industry peers normally.

HPE

Technology Hardware & Equipment industry group

28.74%

Max: 32.27%
HPE: 28.74%
Q3: 14.48%
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%

Hewlett Packard Enterprise (HPE) vs. Keysight (KEYS): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Metric	HPE	KEYS
Dividend Yield (TTM)	1.26%	0.00%
Dividend Payout Ratio (TTM)	28.74%	0.00%

Valuation

P/E Ratio (TTM)

Both Hewlett Packard Enterprise (HPE) at 23.08 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.

HPE

Technology Hardware & Equipment industry group

23.08

Max: 69.48
Q3: 41.02
Median: 26.39
HPE: 23.08
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

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

P/S Ratio (TTM)

Hewlett Packard Enterprise (HPE) at 1.42 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.

HPE

Technology Hardware & Equipment industry group

1.42

Max: 11.30
Q3: 5.82
Median: 2.56
HPE: 1.42
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

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

P/B Ratio (MRQ)

Hewlett Packard Enterprise (HPE) at 2.24 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.

HPE

Technology Hardware & Equipment industry group

2.24

Max: 10.75
Q3: 5.52
Median: 3.17
HPE: 2.24
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

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

Valuation Metrics

Valuation metrics for Hewlett Packard Enterprise (HPE) and Keysight (KEYS)
Metric	HPE	KEYS
P/E Ratio (TTM)	23.08	36.82
P/S Ratio (TTM)	1.42	7.04
P/B Ratio (MRQ)	2.24	7.05
Free Cash Flow Yield (TTM)	7.97%	4.03%