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Side-by-side financial comparison of Brookfield Property Partners L.P. (BPYPP) and KeyCorp (KEY). Click either name above to swap in a different company.

KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.8B, roughly 1.1× Brookfield Property Partners L.P.). KeyCorp runs the higher net margin — 25.4% vs -2.6%, a 28.0% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -25.6%).

Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property. It is headquartered in Hamilton, Bermuda.

Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.

BPYPP vs KEY — Head-to-Head

Bigger by revenue
KEY
KEY
1.1× larger
KEY
$2.0B
$1.8B
BPYPP
Growing faster (revenue YoY)
KEY
KEY
+157.4% gap
KEY
131.8%
-25.6%
BPYPP
Higher net margin
KEY
KEY
28.0% more per $
KEY
25.4%
-2.6%
BPYPP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BPYPP
BPYPP
KEY
KEY
Revenue
$1.8B
$2.0B
Net Profit
$-46.0M
$510.0M
Gross Margin
Operating Margin
32.3%
Net Margin
-2.6%
25.4%
Revenue YoY
-25.6%
131.8%
Net Profit YoY
94.2%
309.0%
EPS (diluted)
$0.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BPYPP
BPYPP
KEY
KEY
Q4 25
$2.0B
Q3 25
$1.9B
Q2 25
$1.8B
$1.8B
Q1 25
$1.8B
Q4 24
$865.0M
Q3 24
$695.0M
Q2 24
$2.4B
$1.5B
Q1 24
$1.5B
Net Profit
BPYPP
BPYPP
KEY
KEY
Q4 25
$510.0M
Q3 25
$489.0M
Q2 25
$-46.0M
$425.0M
Q1 25
$405.0M
Q4 24
$-244.0M
Q3 24
$-410.0M
Q2 24
$-789.0M
$274.0M
Q1 24
$219.0M
Operating Margin
BPYPP
BPYPP
KEY
KEY
Q4 25
32.3%
Q3 25
31.8%
Q2 25
29.3%
Q1 25
29.0%
Q4 24
-92.6%
Q3 24
-72.8%
Q2 24
22.0%
Q1 24
18.1%
Net Margin
BPYPP
BPYPP
KEY
KEY
Q4 25
25.4%
Q3 25
25.8%
Q2 25
-2.6%
23.1%
Q1 25
22.8%
Q4 24
-54.7%
Q3 24
-59.0%
Q2 24
-32.6%
18.0%
Q1 24
14.3%
EPS (diluted)
BPYPP
BPYPP
KEY
KEY
Q4 25
$0.43
Q3 25
$0.41
Q2 25
$0.35
Q1 25
$0.33
Q4 24
$-0.30
Q3 24
$-0.47
Q2 24
$0.25
Q1 24
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BPYPP
BPYPP
KEY
KEY
Cash + ST InvestmentsLiquidity on hand
$1.7B
$10.2B
Total DebtLower is stronger
$9.9B
Stockholders' EquityBook value
$40.2B
$20.4B
Total Assets
$98.9B
$184.4B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BPYPP
BPYPP
KEY
KEY
Q4 25
$10.2B
Q3 25
$13.3B
Q2 25
$1.7B
$11.6B
Q1 25
$15.3B
Q4 24
$17.5B
Q3 24
$22.8B
Q2 24
$2.4B
$15.5B
Q1 24
$13.2B
Total Debt
BPYPP
BPYPP
KEY
KEY
Q4 25
$9.9B
Q3 25
$10.9B
Q2 25
$12.1B
Q1 25
$12.4B
Q4 24
$12.1B
Q3 24
$15.7B
Q2 24
$16.9B
Q1 24
$20.8B
Stockholders' Equity
BPYPP
BPYPP
KEY
KEY
Q4 25
$20.4B
Q3 25
$20.1B
Q2 25
$40.2B
$19.5B
Q1 25
$19.0B
Q4 24
$18.2B
Q3 24
$16.9B
Q2 24
$48.5B
$14.8B
Q1 24
$14.5B
Total Assets
BPYPP
BPYPP
KEY
KEY
Q4 25
$184.4B
Q3 25
$187.4B
Q2 25
$98.9B
$185.5B
Q1 25
$188.7B
Q4 24
$187.2B
Q3 24
$189.8B
Q2 24
$132.6B
$187.4B
Q1 24
$187.5B
Debt / Equity
BPYPP
BPYPP
KEY
KEY
Q4 25
0.49×
Q3 25
0.54×
Q2 25
0.62×
Q1 25
0.65×
Q4 24
0.67×
Q3 24
0.93×
Q2 24
1.14×
Q1 24
1.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BPYPP
BPYPP
KEY
KEY
Operating Cash FlowLast quarter
$2.2B
Free Cash FlowOCF − Capex
$2.1B
FCF MarginFCF / Revenue
104.8%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
4.33×
TTM Free Cash FlowTrailing 4 quarters
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BPYPP
BPYPP
KEY
KEY
Q4 25
$2.2B
Q3 25
$396.0M
Q2 25
$1.2B
Q1 25
$-140.0M
Q4 24
$664.0M
Q3 24
$-1.2B
Q2 24
$-217.0M
Q1 24
$359.0M
Free Cash Flow
BPYPP
BPYPP
KEY
KEY
Q4 25
$2.1B
Q3 25
$367.0M
Q2 25
$1.2B
Q1 25
$-150.0M
Q4 24
$599.0M
Q3 24
$-1.2B
Q2 24
$-230.0M
Q1 24
$347.0M
FCF Margin
BPYPP
BPYPP
KEY
KEY
Q4 25
104.8%
Q3 25
19.4%
Q2 25
65.8%
Q1 25
-8.5%
Q4 24
69.2%
Q3 24
-175.8%
Q2 24
-15.1%
Q1 24
22.6%
Capex Intensity
BPYPP
BPYPP
KEY
KEY
Q4 25
5.3%
Q3 25
1.5%
Q2 25
1.3%
Q1 25
0.6%
Q4 24
7.5%
Q3 24
2.4%
Q2 24
0.9%
Q1 24
0.8%
Cash Conversion
BPYPP
BPYPP
KEY
KEY
Q4 25
4.33×
Q3 25
0.81×
Q2 25
2.90×
Q1 25
-0.35×
Q4 24
Q3 24
Q2 24
-0.79×
Q1 24
1.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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