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Side-by-side financial comparison of Hyatt Hotels Corp (H) 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× Hyatt Hotels Corp). KeyCorp runs the higher net margin — 25.4% vs -1.1%, a 26.6% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 11.7%). KeyCorp produced more free cash flow last quarter ($2.1B vs $236.0M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs 2.2%).
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
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.
H vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $2.0B |
| Net Profit | $-20.0M | $510.0M |
| Gross Margin | — | — |
| Operating Margin | 0.4% | 32.3% |
| Net Margin | -1.1% | 25.4% |
| Revenue YoY | 11.7% | 131.8% |
| Net Profit YoY | 64.3% | 309.0% |
| EPS (diluted) | $-0.20 | $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 | $1.8B | $2.0B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.6B | $865.0M | ||
| Q3 24 | $1.6B | $695.0M | ||
| Q2 24 | $1.7B | $1.5B | ||
| Q1 24 | $1.7B | $1.5B |
| Q4 25 | $-20.0M | $510.0M | ||
| Q3 25 | $-49.0M | $489.0M | ||
| Q2 25 | $-3.0M | $425.0M | ||
| Q1 25 | $20.0M | $405.0M | ||
| Q4 24 | $-56.0M | $-244.0M | ||
| Q3 24 | $471.0M | $-410.0M | ||
| Q2 24 | $359.0M | $274.0M | ||
| Q1 24 | $522.0M | $219.0M |
| Q4 25 | 0.4% | 32.3% | ||
| Q3 25 | -1.0% | 31.8% | ||
| Q2 25 | 2.1% | 29.3% | ||
| Q1 25 | 3.0% | 29.0% | ||
| Q4 24 | -3.0% | -92.6% | ||
| Q3 24 | 37.3% | -72.8% | ||
| Q2 24 | 27.1% | 22.0% | ||
| Q1 24 | 31.6% | 18.1% |
| Q4 25 | -1.1% | 25.4% | ||
| Q3 25 | -2.7% | 25.8% | ||
| Q2 25 | -0.2% | 23.1% | ||
| Q1 25 | 1.2% | 22.8% | ||
| Q4 24 | -3.5% | -54.7% | ||
| Q3 24 | 28.9% | -59.0% | ||
| Q2 24 | 21.1% | 18.0% | ||
| Q1 24 | 30.5% | 14.3% |
| Q4 25 | $-0.20 | $0.43 | ||
| Q3 25 | $-0.51 | $0.41 | ||
| Q2 25 | $-0.03 | $0.35 | ||
| Q1 25 | $0.19 | $0.33 | ||
| Q4 24 | $-0.37 | $-0.30 | ||
| Q3 24 | $4.63 | $-0.47 | ||
| Q2 24 | $3.46 | $0.25 | ||
| Q1 24 | $4.93 | $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 | $813.0M | $10.2B |
| Total DebtLower is stronger | — | $9.9B |
| Stockholders' EquityBook value | $3.3B | $20.4B |
| Total Assets | $14.0B | $184.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $813.0M | $10.2B | ||
| Q3 25 | $749.0M | $13.3B | ||
| Q2 25 | $912.0M | $11.6B | ||
| Q1 25 | $1.8B | $15.3B | ||
| Q4 24 | $1.4B | $17.5B | ||
| Q3 24 | $1.1B | $22.8B | ||
| Q2 24 | $2.0B | $15.5B | ||
| Q1 24 | $794.0M | $13.2B |
| Q4 25 | — | $9.9B | ||
| Q3 25 | $6.0B | $10.9B | ||
| Q2 25 | $6.0B | $12.1B | ||
| Q1 25 | $4.3B | $12.4B | ||
| Q4 24 | $3.8B | $12.1B | ||
| Q3 24 | $3.1B | $15.7B | ||
| Q2 24 | $3.9B | $16.9B | ||
| Q1 24 | $3.1B | $20.8B |
| Q4 25 | $3.3B | $20.4B | ||
| Q3 25 | $3.5B | $20.1B | ||
| Q2 25 | $3.6B | $19.5B | ||
| Q1 25 | $3.5B | $19.0B | ||
| Q4 24 | $3.5B | $18.2B | ||
| Q3 24 | $3.7B | $16.9B | ||
| Q2 24 | $3.9B | $14.8B | ||
| Q1 24 | $3.7B | $14.5B |
| Q4 25 | $14.0B | $184.4B | ||
| Q3 25 | $15.7B | $187.4B | ||
| Q2 25 | $15.9B | $185.5B | ||
| Q1 25 | $14.0B | $188.7B | ||
| Q4 24 | $13.3B | $187.2B | ||
| Q3 24 | $11.9B | $189.8B | ||
| Q2 24 | $12.8B | $187.4B | ||
| Q1 24 | $11.7B | $187.5B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | 1.73× | 0.54× | ||
| Q2 25 | 1.69× | 0.62× | ||
| Q1 25 | 1.25× | 0.65× | ||
| Q4 24 | 1.07× | 0.67× | ||
| Q3 24 | 0.85× | 0.93× | ||
| Q2 24 | 1.01× | 1.14× | ||
| Q1 24 | 0.84× | 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 | $313.0M | $2.2B |
| Free Cash FlowOCF − Capex | $236.0M | $2.1B |
| FCF MarginFCF / Revenue | 13.2% | 104.8% |
| Capex IntensityCapex / Revenue | 4.3% | 5.3% |
| Cash ConversionOCF / Net Profit | — | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | $159.0M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $313.0M | $2.2B | ||
| Q3 25 | $-20.0M | $396.0M | ||
| Q2 25 | $-67.0M | $1.2B | ||
| Q1 25 | $153.0M | $-140.0M | ||
| Q4 24 | $235.0M | $664.0M | ||
| Q3 24 | $-21.0M | $-1.2B | ||
| Q2 24 | $177.0M | $-217.0M | ||
| Q1 24 | $242.0M | $359.0M |
| Q4 25 | $236.0M | $2.1B | ||
| Q3 25 | $-89.0M | $367.0M | ||
| Q2 25 | $-111.0M | $1.2B | ||
| Q1 25 | $123.0M | $-150.0M | ||
| Q4 24 | $184.0M | $599.0M | ||
| Q3 24 | $-64.0M | $-1.2B | ||
| Q2 24 | $135.0M | $-230.0M | ||
| Q1 24 | $208.0M | $347.0M |
| Q4 25 | 13.2% | 104.8% | ||
| Q3 25 | -5.0% | 19.4% | ||
| Q2 25 | -6.1% | 65.8% | ||
| Q1 25 | 7.2% | -8.5% | ||
| Q4 24 | 11.5% | 69.2% | ||
| Q3 24 | -3.9% | -175.8% | ||
| Q2 24 | 7.9% | -15.1% | ||
| Q1 24 | 12.1% | 22.6% |
| Q4 25 | 4.3% | 5.3% | ||
| Q3 25 | 3.9% | 1.5% | ||
| Q2 25 | 2.4% | 1.3% | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 3.2% | 7.5% | ||
| Q3 24 | 2.6% | 2.4% | ||
| Q2 24 | 2.5% | 0.9% | ||
| Q1 24 | 2.0% | 0.8% |
| Q4 25 | — | 4.33× | ||
| Q3 25 | — | 0.81× | ||
| Q2 25 | — | 2.90× | ||
| Q1 25 | 7.65× | -0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.04× | — | ||
| Q2 24 | 0.49× | -0.79× | ||
| Q1 24 | 0.46× | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
KEY
Segment breakdown not available.
