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Side-by-side financial comparison of EQT Corporation (EQT) and KeyCorp (KEY). Click either name above to swap in a different company.

EQT Corporation is the larger business by last-quarter revenue ($3.4B vs $2.0B, roughly 1.7× KeyCorp). EQT Corporation runs the higher net margin — 44.0% vs 25.4%, a 18.6% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 94.2%). KeyCorp produced more free cash flow last quarter ($2.1B vs $1.9B). Over the past eight quarters, EQT Corporation's revenue compounded faster (94.9% CAGR vs 14.4%).

EQT Corporation is a leading independent natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania, U.S. It mainly operates in the Appalachian Basin, producing natural gas, natural gas liquids and crude oil to supply energy for residential, commercial, industrial and power generation needs across North American markets.

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.

EQT vs KEY — Head-to-Head

Bigger by revenue
EQT
EQT
1.7× larger
EQT
$3.4B
$2.0B
KEY
Growing faster (revenue YoY)
KEY
KEY
+37.6% gap
KEY
131.8%
94.2%
EQT
Higher net margin
EQT
EQT
18.6% more per $
EQT
44.0%
25.4%
KEY
More free cash flow
KEY
KEY
$156.0M more FCF
KEY
$2.1B
$1.9B
EQT
Faster 2-yr revenue CAGR
EQT
EQT
Annualised
EQT
94.9%
14.4%
KEY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EQT
EQT
KEY
KEY
Revenue
$3.4B
$2.0B
Net Profit
$1.5B
$510.0M
Gross Margin
Operating Margin
60.3%
32.3%
Net Margin
44.0%
25.4%
Revenue YoY
94.2%
131.8%
Net Profit YoY
514.5%
309.0%
EPS (diluted)
$2.36
$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
EQT
EQT
KEY
KEY
Q1 26
$3.4B
Q4 25
$2.4B
$2.0B
Q3 25
$2.0B
$1.9B
Q2 25
$2.6B
$1.8B
Q1 25
$1.7B
$1.8B
Q4 24
$1.6B
$865.0M
Q3 24
$1.3B
$695.0M
Q2 24
$889.5M
$1.5B
Net Profit
EQT
EQT
KEY
KEY
Q1 26
$1.5B
Q4 25
$677.1M
$510.0M
Q3 25
$335.9M
$489.0M
Q2 25
$784.1M
$425.0M
Q1 25
$242.1M
$405.0M
Q4 24
$418.4M
$-244.0M
Q3 24
$-300.8M
$-410.0M
Q2 24
$9.5M
$274.0M
Gross Margin
EQT
EQT
KEY
KEY
Q1 26
Q4 25
83.8%
Q3 25
80.7%
Q2 25
84.8%
Q1 25
78.3%
Q4 24
76.2%
Q3 24
65.7%
Q2 24
38.9%
Operating Margin
EQT
EQT
KEY
KEY
Q1 26
60.3%
Q4 25
42.5%
32.3%
Q3 25
30.8%
31.8%
Q2 25
44.3%
29.3%
Q1 25
28.5%
29.0%
Q4 24
48.1%
-92.6%
Q3 24
-22.0%
-72.8%
Q2 24
0.3%
22.0%
Net Margin
EQT
EQT
KEY
KEY
Q1 26
44.0%
Q4 25
28.4%
25.4%
Q3 25
17.1%
25.8%
Q2 25
30.7%
23.1%
Q1 25
13.9%
22.8%
Q4 24
25.8%
-54.7%
Q3 24
-23.4%
-59.0%
Q2 24
1.1%
18.0%
EPS (diluted)
EQT
EQT
KEY
KEY
Q1 26
$2.36
Q4 25
$1.08
$0.43
Q3 25
$0.53
$0.41
Q2 25
$1.30
$0.35
Q1 25
$0.40
$0.33
Q4 24
$0.74
$-0.30
Q3 24
$-0.54
$-0.47
Q2 24
$0.02
$0.25

Balance Sheet & Financial Strength

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

Metric
EQT
EQT
KEY
KEY
Cash + ST InvestmentsLiquidity on hand
$326.6M
$10.2B
Total DebtLower is stronger
$507.5M
$9.9B
Stockholders' EquityBook value
$28.8B
$20.4B
Total Assets
$41.7B
$184.4B
Debt / EquityLower = less leverage
0.02×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQT
EQT
KEY
KEY
Q1 26
$326.6M
Q4 25
$110.8M
$10.2B
Q3 25
$235.7M
$13.3B
Q2 25
$555.5M
$11.6B
Q1 25
$281.8M
$15.3B
Q4 24
$202.1M
$17.5B
Q3 24
$89.0M
$22.8B
Q2 24
$30.0M
$15.5B
Total Debt
EQT
EQT
KEY
KEY
Q1 26
$507.5M
Q4 25
$7.8B
$9.9B
Q3 25
$8.2B
$10.9B
Q2 25
$8.3B
$12.1B
Q1 25
$8.4B
$12.4B
Q4 24
$9.3B
$12.1B
Q3 24
$13.8B
$15.7B
Q2 24
$5.0B
$16.9B
Stockholders' Equity
EQT
EQT
KEY
KEY
Q1 26
$28.8B
Q4 25
$23.8B
$20.4B
Q3 25
$23.2B
$20.1B
Q2 25
$21.4B
$19.5B
Q1 25
$20.7B
$19.0B
Q4 24
$20.6B
$18.2B
Q3 24
$20.3B
$16.9B
Q2 24
$15.1B
$14.8B
Total Assets
EQT
EQT
KEY
KEY
Q1 26
$41.7B
Q4 25
$41.8B
$184.4B
Q3 25
$41.2B
$187.4B
Q2 25
$39.7B
$185.5B
Q1 25
$39.7B
$188.7B
Q4 24
$39.8B
$187.2B
Q3 24
$39.9B
$189.8B
Q2 24
$24.7B
$187.4B
Debt / Equity
EQT
EQT
KEY
KEY
Q1 26
0.02×
Q4 25
0.33×
0.49×
Q3 25
0.35×
0.54×
Q2 25
0.39×
0.62×
Q1 25
0.41×
0.65×
Q4 24
0.45×
0.67×
Q3 24
0.68×
0.93×
Q2 24
0.33×
1.14×

Cash Flow & Capital Efficiency

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

Metric
EQT
EQT
KEY
KEY
Operating Cash FlowLast quarter
$3.1B
$2.2B
Free Cash FlowOCF − Capex
$1.9B
$2.1B
FCF MarginFCF / Revenue
57.6%
104.8%
Capex IntensityCapex / Revenue
18.0%
5.3%
Cash ConversionOCF / Net Profit
2.05×
4.33×
TTM Free Cash FlowTrailing 4 quarters
$3.5B
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQT
EQT
KEY
KEY
Q1 26
$3.1B
Q4 25
$1.1B
$2.2B
Q3 25
$1.0B
$396.0M
Q2 25
$1.2B
$1.2B
Q1 25
$1.7B
$-140.0M
Q4 24
$756.3M
$664.0M
Q3 24
$593.0M
$-1.2B
Q2 24
$322.0M
$-217.0M
Free Cash Flow
EQT
EQT
KEY
KEY
Q1 26
$1.9B
Q4 25
$512.7M
$2.1B
Q3 25
$391.3M
$367.0M
Q2 25
$692.1M
$1.2B
Q1 25
$1.2B
$-150.0M
Q4 24
$164.7M
$599.0M
Q3 24
$23.5M
$-1.2B
Q2 24
$-236.1M
$-230.0M
FCF Margin
EQT
EQT
KEY
KEY
Q1 26
57.6%
Q4 25
21.5%
104.8%
Q3 25
20.0%
19.4%
Q2 25
27.1%
65.8%
Q1 25
71.4%
-8.5%
Q4 24
10.1%
69.2%
Q3 24
1.8%
-175.8%
Q2 24
-26.5%
-15.1%
Capex Intensity
EQT
EQT
KEY
KEY
Q1 26
18.0%
Q4 25
25.7%
5.3%
Q3 25
32.0%
1.5%
Q2 25
21.5%
1.3%
Q1 25
28.7%
0.6%
Q4 24
36.4%
7.5%
Q3 24
44.4%
2.4%
Q2 24
62.7%
0.9%
Cash Conversion
EQT
EQT
KEY
KEY
Q1 26
2.05×
Q4 25
1.66×
4.33×
Q3 25
3.03×
0.81×
Q2 25
1.58×
2.90×
Q1 25
7.19×
-0.35×
Q4 24
1.81×
Q3 24
Q2 24
33.84×
-0.79×

Financial Flow Comparison

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

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