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Side-by-side financial comparison of KeyCorp (KEY) and Packaging Corporation of America (PKG). Click either name above to swap in a different company.

Packaging Corporation of America is the larger business by last-quarter revenue ($2.4B vs $1.9B, roughly 1.2× KeyCorp). KeyCorp runs the higher net margin — 26.8% vs 7.2%, a 19.6% gap on every dollar of revenue. On growth, Packaging Corporation of America posted the faster year-over-year revenue change (10.6% vs 10.2%). Over the past eight quarters, KeyCorp's revenue compounded faster (12.9% CAGR vs 6.8%).

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.

Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.

KEY vs PKG — Head-to-Head

Bigger by revenue
PKG
PKG
1.2× larger
PKG
$2.4B
$1.9B
KEY
Growing faster (revenue YoY)
PKG
PKG
+0.4% gap
PKG
10.6%
10.2%
KEY
Higher net margin
KEY
KEY
19.6% more per $
KEY
26.8%
7.2%
PKG
Faster 2-yr revenue CAGR
KEY
KEY
Annualised
KEY
12.9%
6.8%
PKG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
KEY
KEY
PKG
PKG
Revenue
$1.9B
$2.4B
Net Profit
$522.0M
$170.9M
Gross Margin
19.1%
Operating Margin
10.6%
Net Margin
26.8%
7.2%
Revenue YoY
10.2%
10.6%
Net Profit YoY
28.9%
-16.1%
EPS (diluted)
$0.44
$1.91

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
KEY
KEY
PKG
PKG
Q1 26
$1.9B
$2.4B
Q4 25
$2.0B
$2.4B
Q3 25
$1.9B
$2.3B
Q2 25
$1.8B
$2.2B
Q1 25
$1.8B
$2.1B
Q4 24
$865.0M
$2.1B
Q3 24
$695.0M
$2.2B
Q2 24
$1.5B
$2.1B
Net Profit
KEY
KEY
PKG
PKG
Q1 26
$522.0M
$170.9M
Q4 25
$510.0M
$101.9M
Q3 25
$489.0M
$226.9M
Q2 25
$425.0M
$241.5M
Q1 25
$405.0M
$203.8M
Q4 24
$-244.0M
$221.2M
Q3 24
$-410.0M
$238.1M
Q2 24
$274.0M
$198.9M
Gross Margin
KEY
KEY
PKG
PKG
Q1 26
19.1%
Q4 25
18.9%
Q3 25
21.8%
Q2 25
22.2%
Q1 25
21.2%
Q4 24
21.9%
Q3 24
23.1%
Q2 24
21.1%
Operating Margin
KEY
KEY
PKG
PKG
Q1 26
10.6%
Q4 25
32.3%
7.1%
Q3 25
31.8%
14.0%
Q2 25
29.3%
15.4%
Q1 25
29.0%
13.1%
Q4 24
-92.6%
14.1%
Q3 24
-72.8%
15.0%
Q2 24
22.0%
13.3%
Net Margin
KEY
KEY
PKG
PKG
Q1 26
26.8%
7.2%
Q4 25
25.4%
4.3%
Q3 25
25.8%
9.8%
Q2 25
23.1%
11.1%
Q1 25
22.8%
9.5%
Q4 24
-54.7%
10.3%
Q3 24
-59.0%
10.9%
Q2 24
18.0%
9.6%
EPS (diluted)
KEY
KEY
PKG
PKG
Q1 26
$0.44
$1.91
Q4 25
$0.43
$1.14
Q3 25
$0.41
$2.51
Q2 25
$0.35
$2.67
Q1 25
$0.33
$2.26
Q4 24
$-0.30
$2.45
Q3 24
$-0.47
$2.64
Q2 24
$0.25
$2.21

Balance Sheet & Financial Strength

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

Metric
KEY
KEY
PKG
PKG
Cash + ST InvestmentsLiquidity on hand
$11.8B
Total DebtLower is stronger
$10.9B
Stockholders' EquityBook value
$20.0B
Total Assets
$188.7B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEY
KEY
PKG
PKG
Q1 26
$11.8B
Q4 25
$10.2B
$529.0M
Q3 25
$13.3B
$634.0M
Q2 25
$11.6B
$787.9M
Q1 25
$15.3B
$751.7M
Q4 24
$17.5B
$685.0M
Q3 24
$22.8B
$676.6M
Q2 24
$15.5B
$613.6M
Total Debt
KEY
KEY
PKG
PKG
Q1 26
$10.9B
Q4 25
$9.9B
$4.0B
Q3 25
$10.9B
$4.0B
Q2 25
$12.1B
Q1 25
$12.4B
Q4 24
$12.1B
$2.5B
Q3 24
$15.7B
$2.5B
Q2 24
$16.9B
Stockholders' Equity
KEY
KEY
PKG
PKG
Q1 26
$20.0B
Q4 25
$20.4B
$4.6B
Q3 25
$20.1B
$4.8B
Q2 25
$19.5B
$4.6B
Q1 25
$19.0B
$4.5B
Q4 24
$18.2B
$4.4B
Q3 24
$16.9B
$4.3B
Q2 24
$14.8B
$4.1B
Total Assets
KEY
KEY
PKG
PKG
Q1 26
$188.7B
Q4 25
$184.4B
$10.7B
Q3 25
$187.4B
$11.0B
Q2 25
$185.5B
$9.0B
Q1 25
$188.7B
$9.0B
Q4 24
$187.2B
$8.8B
Q3 24
$189.8B
$8.8B
Q2 24
$187.4B
$9.0B
Debt / Equity
KEY
KEY
PKG
PKG
Q1 26
0.54×
Q4 25
0.49×
0.87×
Q3 25
0.54×
0.84×
Q2 25
0.62×
Q1 25
0.65×
Q4 24
0.67×
0.57×
Q3 24
0.93×
0.58×
Q2 24
1.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KEY
KEY

Net Interest Income$1.2B63%
Noninterest Income$723.0M37%

PKG
PKG

Segment breakdown not available.

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