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Side-by-side financial comparison of KeyCorp (KEY) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.0B, roughly 1.6× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 7.6%, a 17.8% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -3.6%). KeyCorp produced more free cash flow last quarter ($2.1B vs $357.8M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs 1.2%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
KEY vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $3.1B |
| Net Profit | $510.0M | $238.3M |
| Gross Margin | — | 31.0% |
| Operating Margin | 32.3% | 10.4% |
| Net Margin | 25.4% | 7.6% |
| Revenue YoY | 131.8% | -3.6% |
| Net Profit YoY | 309.0% | -17.2% |
| EPS (diluted) | $0.43 | $1.32 |
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 | $3.1B | ||
| Q3 25 | $1.9B | $3.5B | ||
| Q2 25 | $1.8B | $3.7B | ||
| Q1 25 | $1.8B | $2.7B | ||
| Q4 24 | $865.0M | $3.2B | ||
| Q3 24 | $695.0M | $3.6B | ||
| Q2 24 | $1.5B | $3.8B | ||
| Q1 24 | $1.5B | $3.0B |
| Q4 25 | $510.0M | $238.3M | ||
| Q3 25 | $489.0M | $-2.9B | ||
| Q2 25 | $425.0M | $428.7M | ||
| Q1 25 | $405.0M | $121.0M | ||
| Q4 24 | $-244.0M | $287.8M | ||
| Q3 24 | $-410.0M | $199.8M | ||
| Q2 24 | $274.0M | $427.0M | ||
| Q1 24 | $219.0M | $207.8M |
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 31.6% |
| Q4 25 | 32.3% | 10.4% | ||
| Q3 25 | 31.8% | -98.5% | ||
| Q2 25 | 29.3% | 15.6% | ||
| Q1 25 | 29.0% | 6.9% | ||
| Q4 24 | -92.6% | 12.0% | ||
| Q3 24 | -72.8% | 12.5% | ||
| Q2 24 | 22.0% | 15.6% | ||
| Q1 24 | 18.1% | 10.3% |
| Q4 25 | 25.4% | 7.6% | ||
| Q3 25 | 25.8% | -84.0% | ||
| Q2 25 | 23.1% | 11.5% | ||
| Q1 25 | 22.8% | 4.5% | ||
| Q4 24 | -54.7% | 8.9% | ||
| Q3 24 | -59.0% | 5.5% | ||
| Q2 24 | 18.0% | 11.1% | ||
| Q1 24 | 14.3% | 6.8% |
| Q4 25 | $0.43 | $1.32 | ||
| Q3 25 | $0.41 | $-14.79 | ||
| Q2 25 | $0.35 | $2.13 | ||
| Q1 25 | $0.33 | $0.59 | ||
| Q4 24 | $-0.30 | $1.39 | ||
| Q3 24 | $-0.47 | $0.96 | ||
| Q2 24 | $0.25 | $2.03 | ||
| Q1 24 | $0.20 | $0.97 |
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 | $896.5M |
| Total DebtLower is stronger | $9.9B | $6.3B |
| Stockholders' EquityBook value | $20.4B | $10.2B |
| Total Assets | $184.4B | $22.7B |
| Debt / EquityLower = less leverage | 0.49× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2B | $896.5M | ||
| Q3 25 | $13.3B | $950.2M | ||
| Q2 25 | $11.6B | $613.8M | ||
| Q1 25 | $15.3B | $412.7M | ||
| Q4 24 | $17.5B | $969.3M | ||
| Q3 24 | $22.8B | $1.0B | ||
| Q2 24 | $15.5B | $1.6B | ||
| Q1 24 | $13.2B | $458.4M |
| Q4 25 | $9.9B | $6.3B | ||
| Q3 25 | $10.9B | $6.3B | ||
| Q2 25 | $12.1B | $6.3B | ||
| Q1 25 | $12.4B | $6.2B | ||
| Q4 24 | $12.1B | $6.1B | ||
| Q3 24 | $15.7B | $6.2B | ||
| Q2 24 | $16.9B | $7.0B | ||
| Q1 24 | $20.8B | $6.2B |
| Q4 25 | $20.4B | $10.2B | ||
| Q3 25 | $20.1B | $10.3B | ||
| Q2 25 | $19.5B | $13.4B | ||
| Q1 25 | $19.0B | $13.1B | ||
| Q4 24 | $18.2B | $13.1B | ||
| Q3 24 | $16.9B | $13.3B | ||
| Q2 24 | $14.8B | $13.2B | ||
| Q1 24 | $14.5B | $13.1B |
| Q4 25 | $184.4B | $22.7B | ||
| Q3 25 | $187.4B | $22.9B | ||
| Q2 25 | $185.5B | $26.8B | ||
| Q1 25 | $188.7B | $25.9B | ||
| Q4 24 | $187.2B | $26.1B | ||
| Q3 24 | $189.8B | $26.6B | ||
| Q2 24 | $187.4B | $27.4B | ||
| Q1 24 | $187.5B | $26.1B |
| Q4 25 | 0.49× | 0.61× | ||
| Q3 25 | 0.54× | 0.61× | ||
| Q2 25 | 0.62× | 0.47× | ||
| Q1 25 | 0.65× | 0.47× | ||
| Q4 24 | 0.67× | 0.47× | ||
| Q3 24 | 0.93× | 0.47× | ||
| Q2 24 | 1.14× | 0.53× | ||
| Q1 24 | 1.43× | 0.47× |
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 | $540.7M |
| Free Cash FlowOCF − Capex | $2.1B | $357.8M |
| FCF MarginFCF / Revenue | 104.8% | 11.4% |
| Capex IntensityCapex / Revenue | 5.3% | 5.9% |
| Cash ConversionOCF / Net Profit | 4.33× | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2B | $540.7M | ||
| Q3 25 | $396.0M | $616.1M | ||
| Q2 25 | $1.2B | $718.3M | ||
| Q1 25 | $-140.0M | $-90.7M | ||
| Q4 24 | $664.0M | $494.5M | ||
| Q3 24 | $-1.2B | $521.2M | ||
| Q2 24 | $-217.0M | $869.2M | ||
| Q1 24 | $359.0M | $25.4M |
| Q4 25 | $2.1B | $357.8M | ||
| Q3 25 | $367.0M | $483.0M | ||
| Q2 25 | $1.2B | $555.0M | ||
| Q1 25 | $-150.0M | $-328.0M | ||
| Q4 24 | $599.0M | $383.4M | ||
| Q3 24 | $-1.2B | $350.4M | ||
| Q2 24 | $-230.0M | $691.7M | ||
| Q1 24 | $347.0M | $-189.3M |
| Q4 25 | 104.8% | 11.4% | ||
| Q3 25 | 19.4% | 13.9% | ||
| Q2 25 | 65.8% | 14.8% | ||
| Q1 25 | -8.5% | -12.2% | ||
| Q4 24 | 69.2% | 11.8% | ||
| Q3 24 | -175.8% | 9.7% | ||
| Q2 24 | -15.1% | 18.0% | ||
| Q1 24 | 22.6% | -6.2% |
| Q4 25 | 5.3% | 5.9% | ||
| Q3 25 | 1.5% | 3.8% | ||
| Q2 25 | 1.3% | 4.4% | ||
| Q1 25 | 0.6% | 8.8% | ||
| Q4 24 | 7.5% | 3.4% | ||
| Q3 24 | 2.4% | 4.7% | ||
| Q2 24 | 0.9% | 4.6% | ||
| Q1 24 | 0.8% | 7.0% |
| Q4 25 | 4.33× | 2.27× | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 2.90× | 1.68× | ||
| Q1 25 | -0.35× | -0.75× | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | -0.79× | 2.04× | ||
| Q1 24 | 1.64× | 0.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
