KEYS vs. NOK: Keysight vs. Nokia Stock Comparison

November 11, 2026

How do Keysight (KEYS) and Nokia (NOK) 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

Keysight (KEYS) and Nokia (NOK) both fall under the Technology Hardware & Equipment industry group, but KEYS is classified in Electronic Equipment, Instruments & Components while NOK is classified in Communications Equipment.

Keysight (KEYS) trades as ordinary local shares, while Nokia (NOK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Keysight (KEYS) and Nokia (NOK)
Profile Item	KEYS	NOK
Name	Keysight Technologies, Inc.	Nokia Corporation Sponsored ADR
Country/Region	United States	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Communications Equipment
GICS Sub-Industry	Electronic Equipment & Instruments	Communications Equipment
Market Capitalization	46.33 billion USD	43.35 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 20, 2014	July 1, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

KEYS

NOK

GSPC

Keysight (KEYS) vs. Nokia (NOK), 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 Keysight (KEYS) and Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Keysight (KEYS) and Nokia (NOK)
Metric	KEYS	NOK
Total Return (1Y)	59.88%	19.81%
Total Return (3Y, Annualized)	33.36%	36.27%
Total Return (5Y, Annualized)	9.24%	9.52%

Risk Profile

Drawdown History

KEYS

NOK

GSPC

Keysight (KEYS) vs. Nokia (NOK), 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 Keysight (KEYS) and Nokia (NOK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Keysight (KEYS) and Nokia (NOK)
Metric	KEYS	NOK
Volatility (1Y, Annualized)	47.95%	62.40%
Beta (5Y)	1.22	1.24
Max Drawdown (5Y)	-42.62%	-55.73%
Avg. Volume (3M)	1.31M	77.91M

Risk-Adjusted Performance

Risk-Return Positioning

KEYS and NOK 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 Keysight (KEYS) and Nokia (NOK)
Metric	KEYS	NOK
Sharpe Ratio (1Y)	1.16	0.25
Sortino Ratio (1Y)	1.82	0.35

Profitability

ROE (TTM)

Keysight (KEYS) at 20.90% sits in the top ROE quartile, while Nokia (NOK) at 3.88% is closer to the peer norm — stronger capital efficiency for KEYS.

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%

NOK

Technology Hardware & Equipment industry group

3.88%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
NOK: 3.88%
Q1: 1.63%
Min: -20.62%

Keysight (KEYS) vs. Nokia (NOK): 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 Nokia (NOK) at 3.75%, which keeps about the industry-typical share.

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%

NOK

Technology Hardware & Equipment industry group

3.75%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
NOK: 3.75%
Q1: 0.00%
Min: -11.02%

Keysight (KEYS) vs. Nokia (NOK): 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 Nokia (NOK) at 10.81%, which runs around its industry’s norm.

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%

NOK

Technology Hardware & Equipment industry group

10.81%

Max: 36.27%
Q3: 18.36%
NOK: 10.81%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

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

Profitability Metrics

Profitability metrics for Keysight (KEYS) and Nokia (NOK)
Metric	KEYS	NOK
ROE (TTM)	20.90%	3.88%
ROA (TTM)	7.23%	3.49%
Net Margin (TTM)	19.14%	3.75%
Operating Margin (TTM)	25.68%	10.81%
Gross Margin (TTM)	63.28%	45.43%

Growth

Revenue Growth

Both Keysight (KEYS) at 7.95% and Nokia (NOK) at 3.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Keysight (KEYS) vs. Nokia (NOK): 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 Nokia (NOK) at -47.83% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Keysight (KEYS) and Nokia (NOK)
Metric	KEYS	NOK
Revenue Growth (YoY)	7.95%	3.48%
Revenue Growth (3Y CAGR)	-0.28%	-5.76%
EPS Growth (YoY)	39.32%	-47.83%
EPS Growth (3Y CAGR)	-7.51%	-45.71%

Financial Strength

Current Ratio (MRQ)

Both Keysight (KEYS) at 2.02 and Nokia (NOK) at 1.46 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

NOK

Technology Hardware & Equipment industry group

1.46

Max: 5.34
Q3: 3.02
Median: 1.95
NOK: 1.46
Q1: 1.32
Min: 0.17

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

Debt / Equity (MRQ)

Both Keysight (KEYS) at 0.42 and Nokia (NOK) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

NOK

Technology Hardware & Equipment industry group

0.16

Max: 1.76
Q3: 0.78
Median: 0.24
NOK: 0.16
Q1: 0.04
Min: 0.01

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

Financial Strength Metrics

Financial strength metrics for Keysight (KEYS) and Nokia (NOK)
Metric	KEYS	NOK
Current Ratio (MRQ)	2.02	1.46
Debt / Equity (MRQ)	0.42	0.16
Net Debt / EBITDA	0.09	-0.59

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 Nokia (NOK) reports a yield of 1.88%, ranking against industry peers normally.

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%

NOK

Technology Hardware & Equipment industry group

1.88%

NOK: 1.88%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Nokia (NOK) reports payout ratio above 100% at 100.17%, meaning dividends exceeded current-period earnings; Keysight (KEYS) pays no dividend (payout 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%

NOK

Technology Hardware & Equipment industry group

100.17%

NOK: 100.17%
Max: 32.27%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Keysight (KEYS) and Nokia (NOK)
Metric	KEYS	NOK
Dividend Yield (TTM)	0.00%	1.88%
Dividend Payout Ratio (TTM)	0.00%	100.17%

Valuation

P/E Ratio (TTM)

Keysight (KEYS) at 36.82 is near its industry’s usual P/E ratio, while Nokia (NOK) at 47.88 sits in the richer quartile — NOK needs stronger growth or earnings quality to justify the premium.

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

NOK

Technology Hardware & Equipment industry group

47.88

Max: 69.48
NOK: 47.88
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

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

P/S Ratio (TTM)

Nokia (NOK) at 2.08 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.

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

NOK

Technology Hardware & Equipment industry group

2.08

Max: 11.30
Q3: 5.82
Median: 2.56
NOK: 2.08
Q1: 1.05
Min: 0.00

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

P/B Ratio (MRQ)

Nokia (NOK) at 1.82 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.

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

NOK

Technology Hardware & Equipment industry group

1.82

Max: 10.75
Q3: 5.52
Median: 3.17
NOK: 1.82
Q1: 1.79
Min: 0.33

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

Valuation Metrics

Valuation metrics for Keysight (KEYS) and Nokia (NOK)
Metric	KEYS	NOK
P/E Ratio (TTM)	36.82	47.88
P/S Ratio (TTM)	7.04	2.08
P/B Ratio (MRQ)	7.05	1.82
Free Cash Flow Yield (TTM)	4.03%	2.98%