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Side-by-side financial comparison of KeyCorp (KEY) and RXO, Inc. (RXO). Click either name above to swap in a different company.
KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.5B, roughly 1.4× RXO, Inc.). KeyCorp runs the higher net margin — 25.4% vs -3.1%, a 28.6% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -11.9%). KeyCorp produced more free cash flow last quarter ($2.1B vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 14.4%).
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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
KEY vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.5B |
| Net Profit | $510.0M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 32.3% | -2.9% |
| Net Margin | 25.4% | -3.1% |
| Revenue YoY | 131.8% | -11.9% |
| Net Profit YoY | 309.0% | -84.0% |
| EPS (diluted) | $0.43 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $865.0M | $1.7B | ||
| Q3 24 | $695.0M | $1.0B | ||
| Q2 24 | $1.5B | $930.0M | ||
| Q1 24 | $1.5B | $913.0M |
| Q4 25 | $510.0M | $-46.0M | ||
| Q3 25 | $489.0M | $-14.0M | ||
| Q2 25 | $425.0M | $-9.0M | ||
| Q1 25 | $405.0M | $-31.0M | ||
| Q4 24 | $-244.0M | $-25.0M | ||
| Q3 24 | $-410.0M | $-243.0M | ||
| Q2 24 | $274.0M | $-7.0M | ||
| Q1 24 | $219.0M | $-15.0M |
| Q4 25 | 32.3% | -2.9% | ||
| Q3 25 | 31.8% | -0.5% | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 29.0% | -2.1% | ||
| Q4 24 | -92.6% | -1.4% | ||
| Q3 24 | -72.8% | -1.9% | ||
| Q2 24 | 22.0% | — | ||
| Q1 24 | 18.1% | -1.3% |
| Q4 25 | 25.4% | -3.1% | ||
| Q3 25 | 25.8% | -1.0% | ||
| Q2 25 | 23.1% | -0.6% | ||
| Q1 25 | 22.8% | -2.2% | ||
| Q4 24 | -54.7% | -1.5% | ||
| Q3 24 | -59.0% | -23.4% | ||
| Q2 24 | 18.0% | -0.8% | ||
| Q1 24 | 14.3% | -1.6% |
| Q4 25 | $0.43 | $-0.28 | ||
| Q3 25 | $0.41 | $-0.08 | ||
| Q2 25 | $0.35 | $-0.05 | ||
| Q1 25 | $0.33 | $-0.18 | ||
| Q4 24 | $-0.30 | $-0.17 | ||
| Q3 24 | $-0.47 | $-1.81 | ||
| Q2 24 | $0.25 | $-0.06 | ||
| Q1 24 | $0.20 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $9.9B | $387.0M |
| Stockholders' EquityBook value | $20.4B | $1.5B |
| Total Assets | $184.4B | $3.3B |
| Debt / EquityLower = less leverage | 0.49× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2B | $17.0M | ||
| Q3 25 | $13.3B | $25.0M | ||
| Q2 25 | $11.6B | $18.0M | ||
| Q1 25 | $15.3B | $16.0M | ||
| Q4 24 | $17.5B | $35.0M | ||
| Q3 24 | $22.8B | $55.0M | ||
| Q2 24 | $15.5B | $7.0M | ||
| Q1 24 | $13.2B | $7.0M |
| Q4 25 | $9.9B | $387.0M | ||
| Q3 25 | $10.9B | $387.0M | ||
| Q2 25 | $12.1B | $387.0M | ||
| Q1 25 | $12.4B | $387.0M | ||
| Q4 24 | $12.1B | $351.0M | ||
| Q3 24 | $15.7B | $352.0M | ||
| Q2 24 | $16.9B | $370.0M | ||
| Q1 24 | $20.8B | $351.0M |
| Q4 25 | $20.4B | $1.5B | ||
| Q3 25 | $20.1B | $1.6B | ||
| Q2 25 | $19.5B | $1.6B | ||
| Q1 25 | $19.0B | $1.6B | ||
| Q4 24 | $18.2B | $1.6B | ||
| Q3 24 | $16.9B | $1.7B | ||
| Q2 24 | $14.8B | $579.0M | ||
| Q1 24 | $14.5B | $582.0M |
| Q4 25 | $184.4B | $3.3B | ||
| Q3 25 | $187.4B | $3.2B | ||
| Q2 25 | $185.5B | $3.2B | ||
| Q1 25 | $188.7B | $3.3B | ||
| Q4 24 | $187.2B | $3.4B | ||
| Q3 24 | $189.8B | $3.4B | ||
| Q2 24 | $187.4B | $1.8B | ||
| Q1 24 | $187.5B | $1.8B |
| Q4 25 | 0.49× | 0.25× | ||
| Q3 25 | 0.54× | 0.24× | ||
| Q2 25 | 0.62× | 0.24× | ||
| Q1 25 | 0.65× | 0.24× | ||
| Q4 24 | 0.67× | 0.22× | ||
| Q3 24 | 0.93× | 0.21× | ||
| Q2 24 | 1.14× | 0.64× | ||
| Q1 24 | 1.43× | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $2.1B | $-9.0M |
| FCF MarginFCF / Revenue | 104.8% | -0.6% |
| Capex IntensityCapex / Revenue | 5.3% | 1.1% |
| Cash ConversionOCF / Net Profit | 4.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2B | $7.0M | ||
| Q3 25 | $396.0M | $23.0M | ||
| Q2 25 | $1.2B | $23.0M | ||
| Q1 25 | $-140.0M | $-2.0M | ||
| Q4 24 | $664.0M | $-7.0M | ||
| Q3 24 | $-1.2B | $-7.0M | ||
| Q2 24 | $-217.0M | $-5.0M | ||
| Q1 24 | $359.0M | $7.0M |
| Q4 25 | $2.1B | $-9.0M | ||
| Q3 25 | $367.0M | $9.0M | ||
| Q2 25 | $1.2B | $9.0M | ||
| Q1 25 | $-150.0M | $-17.0M | ||
| Q4 24 | $599.0M | $-19.0M | ||
| Q3 24 | $-1.2B | $-18.0M | ||
| Q2 24 | $-230.0M | $-16.0M | ||
| Q1 24 | $347.0M | $-4.0M |
| Q4 25 | 104.8% | -0.6% | ||
| Q3 25 | 19.4% | 0.6% | ||
| Q2 25 | 65.8% | 0.6% | ||
| Q1 25 | -8.5% | -1.2% | ||
| Q4 24 | 69.2% | -1.1% | ||
| Q3 24 | -175.8% | -1.7% | ||
| Q2 24 | -15.1% | -1.7% | ||
| Q1 24 | 22.6% | -0.4% |
| Q4 25 | 5.3% | 1.1% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 1.3% | 1.0% | ||
| Q1 25 | 0.6% | 1.0% | ||
| Q4 24 | 7.5% | 0.7% | ||
| Q3 24 | 2.4% | 1.1% | ||
| Q2 24 | 0.9% | 1.2% | ||
| Q1 24 | 0.8% | 1.2% |
| 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.
Revenue Breakdown by Segment
KEY
Segment breakdown not available.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
