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Side-by-side financial comparison of Fabrinet (FN) 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 $1.1B, roughly 1.8× Fabrinet). KeyCorp runs the higher net margin — 25.4% vs 9.9%, a 15.5% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 35.9%). KeyCorp produced more free cash flow last quarter ($2.1B vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 14.4%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs KEY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.0B |
| Net Profit | $112.6M | $510.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | 32.3% |
| Net Margin | 9.9% | 25.4% |
| Revenue YoY | 35.9% | 131.8% |
| Net Profit YoY | 30.0% | 309.0% |
| EPS (diluted) | $3.11 | $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.
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $978.1M | $1.9B | ||
| Q2 25 | $909.7M | $1.8B | ||
| Q1 25 | $871.8M | $1.8B | ||
| Q4 24 | $833.6M | $865.0M | ||
| Q3 24 | $804.2M | $695.0M | ||
| Q2 24 | $753.3M | $1.5B | ||
| Q1 24 | $731.5M | $1.5B |
| Q4 25 | $112.6M | $510.0M | ||
| Q3 25 | $95.9M | $489.0M | ||
| Q2 25 | $87.2M | $425.0M | ||
| Q1 25 | $81.3M | $405.0M | ||
| Q4 24 | $86.6M | $-244.0M | ||
| Q3 24 | $77.4M | $-410.0M | ||
| Q2 24 | $81.1M | $274.0M | ||
| Q1 24 | $80.9M | $219.0M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 10.1% | 32.3% | ||
| Q3 25 | 9.6% | 31.8% | ||
| Q2 25 | 9.8% | 29.3% | ||
| Q1 25 | 9.0% | 29.0% | ||
| Q4 24 | 9.5% | -92.6% | ||
| Q3 24 | 9.6% | -72.8% | ||
| Q2 24 | 9.7% | 22.0% | ||
| Q1 24 | 9.7% | 18.1% |
| Q4 25 | 9.9% | 25.4% | ||
| Q3 25 | 9.8% | 25.8% | ||
| Q2 25 | 9.6% | 23.1% | ||
| Q1 25 | 9.3% | 22.8% | ||
| Q4 24 | 10.4% | -54.7% | ||
| Q3 24 | 9.6% | -59.0% | ||
| Q2 24 | 10.8% | 18.0% | ||
| Q1 24 | 11.1% | 14.3% |
| Q4 25 | $3.11 | $0.43 | ||
| Q3 25 | $2.66 | $0.41 | ||
| Q2 25 | $2.41 | $0.35 | ||
| Q1 25 | $2.25 | $0.33 | ||
| Q4 24 | $2.38 | $-0.30 | ||
| Q3 24 | $2.13 | $-0.47 | ||
| Q2 24 | $2.22 | $0.25 | ||
| Q1 24 | $2.21 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.8M | $10.2B |
| Total DebtLower is stronger | — | $9.9B |
| Stockholders' EquityBook value | $2.2B | $20.4B |
| Total Assets | $3.3B | $184.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $10.2B | ||
| Q3 25 | $968.8M | $13.3B | ||
| Q2 25 | $934.2M | $11.6B | ||
| Q1 25 | $950.7M | $15.3B | ||
| Q4 24 | $934.6M | $17.5B | ||
| Q3 24 | $908.9M | $22.8B | ||
| Q2 24 | $858.6M | $15.5B | ||
| Q1 24 | $794.0M | $13.2B |
| 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 |
| Q4 25 | $2.2B | $20.4B | ||
| Q3 25 | $2.1B | $20.1B | ||
| Q2 25 | $2.0B | $19.5B | ||
| Q1 25 | $1.9B | $19.0B | ||
| Q4 24 | $1.8B | $18.2B | ||
| Q3 24 | $1.8B | $16.9B | ||
| Q2 24 | $1.7B | $14.8B | ||
| Q1 24 | $1.7B | $14.5B |
| Q4 25 | $3.3B | $184.4B | ||
| Q3 25 | $3.0B | $187.4B | ||
| Q2 25 | $2.8B | $185.5B | ||
| Q1 25 | $2.6B | $188.7B | ||
| Q4 24 | $2.5B | $187.2B | ||
| Q3 24 | $2.4B | $189.8B | ||
| Q2 24 | $2.3B | $187.4B | ||
| Q1 24 | $2.2B | $187.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $46.3M | $2.2B |
| Free Cash FlowOCF − Capex | $-5.3M | $2.1B |
| FCF MarginFCF / Revenue | -0.5% | 104.8% |
| Capex IntensityCapex / Revenue | 4.6% | 5.3% |
| Cash ConversionOCF / Net Profit | 0.41× | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $2.2B | ||
| Q3 25 | $102.6M | $396.0M | ||
| Q2 25 | $55.1M | $1.2B | ||
| Q1 25 | $74.2M | $-140.0M | ||
| Q4 24 | $115.9M | $664.0M | ||
| Q3 24 | $83.2M | $-1.2B | ||
| Q2 24 | $83.1M | $-217.0M | ||
| Q1 24 | $100.9M | $359.0M |
| Q4 25 | $-5.3M | $2.1B | ||
| Q3 25 | $57.3M | $367.0M | ||
| Q2 25 | $4.7M | $1.2B | ||
| Q1 25 | $45.7M | $-150.0M | ||
| Q4 24 | $94.0M | $599.0M | ||
| Q3 24 | $62.9M | $-1.2B | ||
| Q2 24 | $70.4M | $-230.0M | ||
| Q1 24 | $87.3M | $347.0M |
| Q4 25 | -0.5% | 104.8% | ||
| Q3 25 | 5.9% | 19.4% | ||
| Q2 25 | 0.5% | 65.8% | ||
| Q1 25 | 5.2% | -8.5% | ||
| Q4 24 | 11.3% | 69.2% | ||
| Q3 24 | 7.8% | -175.8% | ||
| Q2 24 | 9.3% | -15.1% | ||
| Q1 24 | 11.9% | 22.6% |
| Q4 25 | 4.6% | 5.3% | ||
| Q3 25 | 4.6% | 1.5% | ||
| Q2 25 | 5.5% | 1.3% | ||
| Q1 25 | 3.3% | 0.6% | ||
| Q4 24 | 2.6% | 7.5% | ||
| Q3 24 | 2.5% | 2.4% | ||
| Q2 24 | 1.7% | 0.9% | ||
| Q1 24 | 1.9% | 0.8% |
| Q4 25 | 0.41× | 4.33× | ||
| Q3 25 | 1.07× | 0.81× | ||
| Q2 25 | 0.63× | 2.90× | ||
| Q1 25 | 0.91× | -0.35× | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.02× | -0.79× | ||
| Q1 24 | 1.25× | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
KEY
Segment breakdown not available.
