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Side-by-side financial comparison of KeyCorp (KEY) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.0B, roughly 2.0× Liberty Energy Inc.). KeyCorp runs the higher net margin — 25.4% vs 2.2%, a 23.2% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 4.5%). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
KEY vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.0B |
| Net Profit | $510.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 32.3% | 2.2% |
| Net Margin | 25.4% | 2.2% |
| Revenue YoY | 131.8% | 4.5% |
| Net Profit YoY | 309.0% | — |
| EPS (diluted) | $0.43 | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $1.9B | $947.4M | ||
| Q2 25 | $1.8B | $1.0B | ||
| Q1 25 | $1.8B | $977.5M | ||
| Q4 24 | $865.0M | $943.6M | ||
| Q3 24 | $695.0M | $1.1B | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $510.0M | $13.7M | ||
| Q3 25 | $489.0M | $43.1M | ||
| Q2 25 | $425.0M | $71.0M | ||
| Q1 25 | $405.0M | $20.1M | ||
| Q4 24 | $-244.0M | $51.9M | ||
| Q3 24 | $-410.0M | $73.8M | ||
| Q2 24 | $274.0M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 32.3% | 1.9% | ||
| Q3 25 | 31.8% | -0.3% | ||
| Q2 25 | 29.3% | 3.6% | ||
| Q1 25 | 29.0% | 1.9% | ||
| Q4 24 | -92.6% | 2.6% | ||
| Q3 24 | -72.8% | 9.4% | ||
| Q2 24 | 22.0% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 25.4% | 1.3% | ||
| Q3 25 | 25.8% | 4.5% | ||
| Q2 25 | 23.1% | 6.8% | ||
| Q1 25 | 22.8% | 2.1% | ||
| Q4 24 | -54.7% | 5.5% | ||
| Q3 24 | -59.0% | 6.5% | ||
| Q2 24 | 18.0% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.43 | $0.08 | ||
| Q3 25 | $0.41 | $0.26 | ||
| Q2 25 | $0.35 | $0.43 | ||
| Q1 25 | $0.33 | $0.12 | ||
| Q4 24 | $-0.30 | $0.31 | ||
| Q3 24 | $-0.47 | $0.44 | ||
| Q2 24 | $0.25 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.2B | $699.1M |
| Total DebtLower is stronger | $9.9B | $7.1M |
| Stockholders' EquityBook value | $20.4B | $1.9B |
| Total Assets | $184.4B | $4.4B |
| Debt / EquityLower = less leverage | 0.49× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $10.2B | $27.6M | ||
| Q3 25 | $13.3B | $13.5M | ||
| Q2 25 | $11.6B | $19.6M | ||
| Q1 25 | $15.3B | $24.1M | ||
| Q4 24 | $17.5B | $20.0M | ||
| Q3 24 | $22.8B | $23.0M | ||
| Q2 24 | $15.5B | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $9.9B | $246.6M | ||
| Q3 25 | $10.9B | — | ||
| Q2 25 | $12.1B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $12.1B | $190.5M | ||
| Q3 24 | $15.7B | — | ||
| Q2 24 | $16.9B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $20.4B | $2.1B | ||
| Q3 25 | $20.1B | $2.1B | ||
| Q2 25 | $19.5B | $2.0B | ||
| Q1 25 | $19.0B | $2.0B | ||
| Q4 24 | $18.2B | $2.0B | ||
| Q3 24 | $16.9B | $2.0B | ||
| Q2 24 | $14.8B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $184.4B | $3.6B | ||
| Q3 25 | $187.4B | $3.5B | ||
| Q2 25 | $185.5B | $3.4B | ||
| Q1 25 | $188.7B | $3.4B | ||
| Q4 24 | $187.2B | $3.3B | ||
| Q3 24 | $189.8B | $3.3B | ||
| Q2 24 | $187.4B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.49× | 0.12× | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.67× | 0.10× | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.2B | — |
| Free Cash FlowOCF − Capex | $2.1B | — |
| FCF MarginFCF / Revenue | 104.8% | — |
| Capex IntensityCapex / Revenue | 5.3% | 13.1% |
| Cash ConversionOCF / Net Profit | 4.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $195.4M | ||
| Q3 25 | $396.0M | $51.5M | ||
| Q2 25 | $1.2B | $170.6M | ||
| Q1 25 | $-140.0M | $192.1M | ||
| Q4 24 | $664.0M | $177.3M | ||
| Q3 24 | $-1.2B | $244.5M | ||
| Q2 24 | $-217.0M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $-10.0M | ||
| Q3 25 | $367.0M | $-67.2M | ||
| Q2 25 | $1.2B | $33.1M | ||
| Q1 25 | $-150.0M | $58.2M | ||
| Q4 24 | $599.0M | $-26.2M | ||
| Q3 24 | $-1.2B | $77.9M | ||
| Q2 24 | $-230.0M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 104.8% | -1.0% | ||
| Q3 25 | 19.4% | -7.1% | ||
| Q2 25 | 65.8% | 3.2% | ||
| Q1 25 | -8.5% | 6.0% | ||
| Q4 24 | 69.2% | -2.8% | ||
| Q3 24 | -175.8% | 6.8% | ||
| Q2 24 | -15.1% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 5.3% | 19.8% | ||
| Q3 25 | 1.5% | 12.5% | ||
| Q2 25 | 1.3% | 13.2% | ||
| Q1 25 | 0.6% | 13.7% | ||
| Q4 24 | 7.5% | 21.6% | ||
| Q3 24 | 2.4% | 14.6% | ||
| Q2 24 | 0.9% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.33× | 14.28× | ||
| Q3 25 | 0.81× | 1.20× | ||
| Q2 25 | 2.90× | 2.40× | ||
| Q1 25 | -0.35× | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | -0.79× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
