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Side-by-side financial comparison of KeyCorp (KEY) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $2.0B, roughly 1.2× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 22.4%, a 3.0% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 14.0%). KeyCorp produced more free cash flow last quarter ($2.1B vs $1.0B). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
KEY vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.5B |
| Net Profit | $510.0M | $561.3M |
| Gross Margin | — | 75.5% |
| Operating Margin | 32.3% | 28.6% |
| Net Margin | 25.4% | 22.4% |
| Revenue YoY | 131.8% | 14.0% |
| Net Profit YoY | 309.0% | 80.8% |
| EPS (diluted) | $0.43 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $865.0M | $2.2B | ||
| Q3 24 | $695.0M | $1.5B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
| Q4 25 | $510.0M | $561.3M | ||
| Q3 25 | $489.0M | $274.8M | ||
| Q2 25 | $425.0M | $-517.1M | ||
| Q1 25 | $405.0M | $203.3M | ||
| Q4 24 | $-244.0M | $310.4M | ||
| Q3 24 | $-410.0M | $186.6M | ||
| Q2 24 | $274.0M | $159.3M | ||
| Q1 24 | $219.0M | $139.4M |
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
| Q4 25 | 32.3% | 28.6% | ||
| Q3 25 | 31.8% | 19.3% | ||
| Q2 25 | 29.3% | -33.9% | ||
| Q1 25 | 29.0% | 16.0% | ||
| Q4 24 | -92.6% | 22.4% | ||
| Q3 24 | -72.8% | 16.7% | ||
| Q2 24 | 22.0% | 14.8% | ||
| Q1 24 | 18.1% | 13.8% |
| Q4 25 | 25.4% | 22.4% | ||
| Q3 25 | 25.8% | 16.1% | ||
| Q2 25 | 23.1% | -30.0% | ||
| Q1 25 | 22.8% | 12.8% | ||
| Q4 24 | -54.7% | 14.1% | ||
| Q3 24 | -59.0% | 12.4% | ||
| Q2 24 | 18.0% | 10.0% | ||
| Q1 24 | 14.3% | 9.4% |
| Q4 25 | $0.43 | $2.68 | ||
| Q3 25 | $0.41 | $1.28 | ||
| Q2 25 | $0.35 | $-2.30 | ||
| Q1 25 | $0.33 | $0.95 | ||
| Q4 24 | $-0.30 | $1.38 | ||
| Q3 24 | $-0.47 | $0.79 | ||
| Q2 24 | $0.25 | $0.67 | ||
| Q1 24 | $0.20 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | $9.9B | $2.4B |
| Stockholders' EquityBook value | $20.4B | $551.2M |
| Total Assets | $184.4B | $6.5B |
| Debt / EquityLower = less leverage | 0.49× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2B | $1.1B | ||
| Q3 25 | $13.3B | $743.2M | ||
| Q2 25 | $11.6B | $1.1B | ||
| Q1 25 | $15.3B | $1.1B | ||
| Q4 24 | $17.5B | $1.0B | ||
| Q3 24 | $22.8B | $7.3B | ||
| Q2 24 | $15.5B | $7.2B | ||
| Q1 24 | $13.2B | $7.4B |
| Q4 25 | $9.9B | $2.4B | ||
| Q3 25 | $10.9B | $2.4B | ||
| Q2 25 | $12.1B | $2.4B | ||
| Q1 25 | $12.4B | $2.4B | ||
| Q4 24 | $12.1B | $2.4B | ||
| Q3 24 | $15.7B | $7.0B | ||
| Q2 24 | $16.9B | $6.9B | ||
| Q1 24 | $20.8B | $7.7B |
| Q4 25 | $20.4B | $551.2M | ||
| Q3 25 | $20.1B | $399.5M | ||
| Q2 25 | $19.5B | $857.8M | ||
| Q1 25 | $19.0B | $1.5B | ||
| Q4 24 | $18.2B | $1.3B | ||
| Q3 24 | $16.9B | $3.0B | ||
| Q2 24 | $14.8B | $2.9B | ||
| Q1 24 | $14.5B | $2.8B |
| Q4 25 | $184.4B | $6.5B | ||
| Q3 25 | $187.4B | $6.4B | ||
| Q2 25 | $185.5B | $6.6B | ||
| Q1 25 | $188.7B | $7.3B | ||
| Q4 24 | $187.2B | $7.3B | ||
| Q3 24 | $189.8B | $13.7B | ||
| Q2 24 | $187.4B | $13.4B | ||
| Q1 24 | $187.5B | $13.7B |
| Q4 25 | 0.49× | 4.32× | ||
| Q3 25 | 0.54× | 5.95× | ||
| Q2 25 | 0.62× | 2.77× | ||
| Q1 25 | 0.65× | 1.59× | ||
| Q4 24 | 0.67× | 1.78× | ||
| Q3 24 | 0.93× | 2.35× | ||
| Q2 24 | 1.14× | 2.39× | ||
| Q1 24 | 1.43× | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $2.1B | $1.0B |
| FCF MarginFCF / Revenue | 104.8% | 41.5% |
| Capex IntensityCapex / Revenue | 5.3% | 1.7% |
| Cash ConversionOCF / Net Profit | 4.33× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $396.0M | $112.6M | ||
| Q2 25 | $1.2B | $446.8M | ||
| Q1 25 | $-140.0M | $144.3M | ||
| Q4 24 | $664.0M | $506.0M | ||
| Q3 24 | $-1.2B | $119.5M | ||
| Q2 24 | $-217.0M | $256.0M | ||
| Q1 24 | $359.0M | $97.8M |
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $367.0M | $80.2M | ||
| Q2 25 | $1.2B | $411.5M | ||
| Q1 25 | $-150.0M | $113.4M | ||
| Q4 24 | $599.0M | $475.1M | ||
| Q3 24 | $-1.2B | $93.9M | ||
| Q2 24 | $-230.0M | $209.8M | ||
| Q1 24 | $347.0M | $78.8M |
| Q4 25 | 104.8% | 41.5% | ||
| Q3 25 | 19.4% | 4.7% | ||
| Q2 25 | 65.8% | 23.9% | ||
| Q1 25 | -8.5% | 7.2% | ||
| Q4 24 | 69.2% | 21.6% | ||
| Q3 24 | -175.8% | 6.2% | ||
| Q2 24 | -15.1% | 13.2% | ||
| Q1 24 | 22.6% | 5.3% |
| Q4 25 | 5.3% | 1.7% | ||
| Q3 25 | 1.5% | 1.9% | ||
| Q2 25 | 1.3% | 2.0% | ||
| Q1 25 | 0.6% | 2.0% | ||
| Q4 24 | 7.5% | 1.4% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 0.9% | 2.9% | ||
| Q1 24 | 0.8% | 1.3% |
| Q4 25 | 4.33× | 1.93× | ||
| Q3 25 | 0.81× | 0.41× | ||
| Q2 25 | 2.90× | — | ||
| Q1 25 | -0.35× | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | -0.79× | 1.61× | ||
| Q1 24 | 1.64× | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KEY
Segment breakdown not available.
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
