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Side-by-side financial comparison of KeyCorp (KEY) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.
PAN AMERICAN SILVER CORP is the larger business by last-quarter revenue ($2.8B vs $2.0B, roughly 1.4× KeyCorp).
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.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
KEY vs PAAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2022
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.8B |
| Net Profit | $510.0M | — |
| Gross Margin | — | 27.0% |
| Operating Margin | 32.3% | — |
| Net Margin | 25.4% | — |
| Revenue YoY | 131.8% | — |
| Net Profit YoY | 309.0% | — |
| EPS (diluted) | $0.43 | $-1.05 |
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 | $2.0B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $865.0M | — | ||
| Q3 24 | $695.0M | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $510.0M | — | ||
| Q3 25 | $489.0M | — | ||
| Q2 25 | $425.0M | — | ||
| Q1 25 | $405.0M | — | ||
| Q4 24 | $-244.0M | — | ||
| Q3 24 | $-410.0M | — | ||
| Q2 24 | $274.0M | — | ||
| Q1 24 | $219.0M | — |
| Q4 25 | 32.3% | — | ||
| Q3 25 | 31.8% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | -92.6% | — | ||
| Q3 24 | -72.8% | — | ||
| Q2 24 | 22.0% | — | ||
| Q1 24 | 18.1% | — |
| Q4 25 | 25.4% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 23.1% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | -54.7% | — | ||
| Q3 24 | -59.0% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 14.3% | — |
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.41 | — | ||
| Q2 25 | $0.35 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $-0.30 | — | ||
| Q3 24 | $-0.47 | — | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $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 | $10.2B | — |
| Total DebtLower is stronger | $9.9B | — |
| Stockholders' EquityBook value | $20.4B | — |
| Total Assets | $184.4B | — |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2B | — | ||
| Q3 25 | $13.3B | — | ||
| Q2 25 | $11.6B | — | ||
| Q1 25 | $15.3B | — | ||
| Q4 24 | $17.5B | — | ||
| Q3 24 | $22.8B | — | ||
| Q2 24 | $15.5B | — | ||
| Q1 24 | $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 | $20.4B | — | ||
| Q3 25 | $20.1B | — | ||
| Q2 25 | $19.5B | — | ||
| Q1 25 | $19.0B | — | ||
| Q4 24 | $18.2B | — | ||
| Q3 24 | $16.9B | — | ||
| Q2 24 | $14.8B | — | ||
| Q1 24 | $14.5B | — |
| Q4 25 | $184.4B | — | ||
| Q3 25 | $187.4B | — | ||
| Q2 25 | $185.5B | — | ||
| Q1 25 | $188.7B | — | ||
| Q4 24 | $187.2B | — | ||
| Q3 24 | $189.8B | — | ||
| Q2 24 | $187.4B | — | ||
| Q1 24 | $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 | $2.2B | — |
| Free Cash FlowOCF − Capex | $2.1B | — |
| FCF MarginFCF / Revenue | 104.8% | — |
| Capex IntensityCapex / Revenue | 5.3% | — |
| Cash ConversionOCF / Net Profit | 4.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2B | — | ||
| Q3 25 | $396.0M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $-140.0M | — | ||
| Q4 24 | $664.0M | — | ||
| Q3 24 | $-1.2B | — | ||
| Q2 24 | $-217.0M | — | ||
| Q1 24 | $359.0M | — |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $367.0M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $-150.0M | — | ||
| Q4 24 | $599.0M | — | ||
| Q3 24 | $-1.2B | — | ||
| Q2 24 | $-230.0M | — | ||
| Q1 24 | $347.0M | — |
| Q4 25 | 104.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 65.8% | — | ||
| Q1 25 | -8.5% | — | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | -175.8% | — | ||
| Q2 24 | -15.1% | — | ||
| Q1 24 | 22.6% | — |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 4.33× | — | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 2.90× | — | ||
| Q1 25 | -0.35× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.79× | — | ||
| Q1 24 | 1.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
