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Side-by-side financial comparison of HEICO CORP (HEI) 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 $1.2B, roughly 1.7× HEICO CORP). KeyCorp runs the higher net margin — 25.4% vs 15.6%, a 9.9% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 19.3%). KeyCorp produced more free cash flow last quarter ($2.1B vs $268.5M). Over the past eight quarters, HEICO CORP's revenue compounded faster (16.2% CAGR vs 14.4%).

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger. Greg Abel succeeded Buffett as CEO at the beginning of 2026. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in t...

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.

HEI vs KEY — Head-to-Head

Bigger by revenue
KEY
KEY
1.7× larger
KEY
$2.0B
$1.2B
HEI
Growing faster (revenue YoY)
KEY
KEY
+112.5% gap
KEY
131.8%
19.3%
HEI
Higher net margin
KEY
KEY
9.9% more per $
KEY
25.4%
15.6%
HEI
More free cash flow
KEY
KEY
$1.8B more FCF
KEY
$2.1B
$268.5M
HEI
Faster 2-yr revenue CAGR
HEI
HEI
Annualised
HEI
16.2%
14.4%
KEY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HEI
HEI
KEY
KEY
Revenue
$1.2B
$2.0B
Net Profit
$188.3M
$510.0M
Gross Margin
40.2%
Operating Margin
23.1%
32.3%
Net Margin
15.6%
25.4%
Revenue YoY
19.3%
131.8%
Net Profit YoY
34.8%
309.0%
EPS (diluted)
$1.32
$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
HEI
HEI
KEY
KEY
Q4 25
$1.2B
$2.0B
Q3 25
$1.1B
$1.9B
Q2 25
$1.1B
$1.8B
Q1 25
$1.0B
$1.8B
Q4 24
$1.0B
$865.0M
Q3 24
$992.2M
$695.0M
Q2 24
$955.4M
$1.5B
Q1 24
$896.4M
$1.5B
Net Profit
HEI
HEI
KEY
KEY
Q4 25
$188.3M
$510.0M
Q3 25
$177.3M
$489.0M
Q2 25
$156.8M
$425.0M
Q1 25
$168.0M
$405.0M
Q4 24
$139.7M
$-244.0M
Q3 24
$136.6M
$-410.0M
Q2 24
$123.1M
$274.0M
Q1 24
$114.7M
$219.0M
Gross Margin
HEI
HEI
KEY
KEY
Q4 25
40.2%
Q3 25
39.8%
Q2 25
39.9%
Q1 25
39.4%
Q4 24
38.9%
Q3 24
39.2%
Q2 24
38.9%
Q1 24
38.7%
Operating Margin
HEI
HEI
KEY
KEY
Q4 25
23.1%
32.3%
Q3 25
23.1%
31.8%
Q2 25
22.6%
29.3%
Q1 25
22.0%
29.0%
Q4 24
21.6%
-92.6%
Q3 24
21.8%
-72.8%
Q2 24
21.9%
22.0%
Q1 24
20.1%
18.1%
Net Margin
HEI
HEI
KEY
KEY
Q4 25
15.6%
25.4%
Q3 25
15.5%
25.8%
Q2 25
14.3%
23.1%
Q1 25
16.3%
22.8%
Q4 24
13.8%
-54.7%
Q3 24
13.8%
-59.0%
Q2 24
12.9%
18.0%
Q1 24
12.8%
14.3%
EPS (diluted)
HEI
HEI
KEY
KEY
Q4 25
$1.32
$0.43
Q3 25
$1.26
$0.41
Q2 25
$1.12
$0.35
Q1 25
$1.20
$0.33
Q4 24
$1.00
$-0.30
Q3 24
$0.97
$-0.47
Q2 24
$0.88
$0.25
Q1 24
$0.82
$0.20

Balance Sheet & Financial Strength

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

Metric
HEI
HEI
KEY
KEY
Cash + ST InvestmentsLiquidity on hand
$217.8M
$10.2B
Total DebtLower is stronger
$2.2B
$9.9B
Stockholders' EquityBook value
$4.3B
$20.4B
Total Assets
$8.5B
$184.4B
Debt / EquityLower = less leverage
0.50×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HEI
HEI
KEY
KEY
Q4 25
$217.8M
$10.2B
Q3 25
$261.9M
$13.3B
Q2 25
$242.3M
$11.6B
Q1 25
$165.5M
$15.3B
Q4 24
$162.1M
$17.5B
Q3 24
$202.9M
$22.8B
Q2 24
$204.2M
$15.5B
Q1 24
$196.3M
$13.2B
Total Debt
HEI
HEI
KEY
KEY
Q4 25
$2.2B
$9.9B
Q3 25
$2.4B
$10.9B
Q2 25
$2.3B
$12.1B
Q1 25
$2.3B
$12.4B
Q4 24
$2.2B
$12.1B
Q3 24
$2.3B
$15.7B
Q2 24
$2.4B
$16.9B
Q1 24
$2.5B
$20.8B
Stockholders' Equity
HEI
HEI
KEY
KEY
Q4 25
$4.3B
$20.4B
Q3 25
$4.1B
$20.1B
Q2 25
$4.0B
$19.5B
Q1 25
$3.7B
$19.0B
Q4 24
$3.6B
$18.2B
Q3 24
$3.5B
$16.9B
Q2 24
$3.4B
$14.8B
Q1 24
$3.3B
$14.5B
Total Assets
HEI
HEI
KEY
KEY
Q4 25
$8.5B
$184.4B
Q3 25
$8.5B
$187.4B
Q2 25
$8.1B
$185.5B
Q1 25
$7.9B
$188.7B
Q4 24
$7.6B
$187.2B
Q3 24
$7.4B
$189.8B
Q2 24
$7.4B
$187.4B
Q1 24
$7.3B
$187.5B
Debt / Equity
HEI
HEI
KEY
KEY
Q4 25
0.50×
0.49×
Q3 25
0.59×
0.54×
Q2 25
0.57×
0.62×
Q1 25
0.63×
0.65×
Q4 24
0.61×
0.67×
Q3 24
0.64×
0.93×
Q2 24
0.70×
1.14×
Q1 24
0.76×
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
HEI
HEI
KEY
KEY
Operating Cash FlowLast quarter
$295.3M
$2.2B
Free Cash FlowOCF − Capex
$268.5M
$2.1B
FCF MarginFCF / Revenue
22.2%
104.8%
Capex IntensityCapex / Revenue
2.2%
5.3%
Cash ConversionOCF / Net Profit
1.57×
4.33×
TTM Free Cash FlowTrailing 4 quarters
$861.4M
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HEI
HEI
KEY
KEY
Q4 25
$295.3M
$2.2B
Q3 25
$231.2M
$396.0M
Q2 25
$204.7M
$1.2B
Q1 25
$203.0M
$-140.0M
Q4 24
$205.6M
$664.0M
Q3 24
$214.0M
$-1.2B
Q2 24
$141.1M
$-217.0M
Q1 24
$111.7M
$359.0M
Free Cash Flow
HEI
HEI
KEY
KEY
Q4 25
$268.5M
$2.1B
Q3 25
$218.5M
$367.0M
Q2 25
$188.7M
$1.2B
Q1 25
$185.7M
$-150.0M
Q4 24
$189.5M
$599.0M
Q3 24
$198.1M
$-1.2B
Q2 24
$128.2M
$-230.0M
Q1 24
$98.3M
$347.0M
FCF Margin
HEI
HEI
KEY
KEY
Q4 25
22.2%
104.8%
Q3 25
19.0%
19.4%
Q2 25
17.2%
65.8%
Q1 25
18.0%
-8.5%
Q4 24
18.7%
69.2%
Q3 24
20.0%
-175.8%
Q2 24
13.4%
-15.1%
Q1 24
11.0%
22.6%
Capex Intensity
HEI
HEI
KEY
KEY
Q4 25
2.2%
5.3%
Q3 25
1.1%
1.5%
Q2 25
1.5%
1.3%
Q1 25
1.7%
0.6%
Q4 24
1.6%
7.5%
Q3 24
1.6%
2.4%
Q2 24
1.4%
0.9%
Q1 24
1.5%
0.8%
Cash Conversion
HEI
HEI
KEY
KEY
Q4 25
1.57×
4.33×
Q3 25
1.30×
0.81×
Q2 25
1.31×
2.90×
Q1 25
1.21×
-0.35×
Q4 24
1.47×
Q3 24
1.57×
Q2 24
1.15×
-0.79×
Q1 24
0.97×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HEI
HEI

Aftermarket Replacement Parts$510.0M42%
Electronic Componentsfor Defense Spaceand Aerospace$311.8M26%
Defenseand Space$170.6M14%
Specialty Products$118.9M10%
Other Electronic Components$73.0M6%
Other Industries$15.9M1%

KEY
KEY

Segment breakdown not available.

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