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Side-by-side financial comparison of KeyCorp (KEY) and V F CORP (VFC). Click either name above to swap in a different company.

V F CORP is the larger business by last-quarter revenue ($2.9B vs $2.0B, roughly 1.4× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 10.5%, a 15.0% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 1.5%). KeyCorp produced more free cash flow last quarter ($2.1B vs $977.9M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs 10.1%).

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.

The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.

KEY vs VFC — Head-to-Head

Bigger by revenue
VFC
VFC
1.4× larger
VFC
$2.9B
$2.0B
KEY
Growing faster (revenue YoY)
KEY
KEY
+130.3% gap
KEY
131.8%
1.5%
VFC
Higher net margin
KEY
KEY
15.0% more per $
KEY
25.4%
10.5%
VFC
More free cash flow
KEY
KEY
$1.1B more FCF
KEY
$2.1B
$977.9M
VFC
Faster 2-yr revenue CAGR
KEY
KEY
Annualised
KEY
14.4%
10.1%
VFC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
KEY
KEY
VFC
VFC
Revenue
$2.0B
$2.9B
Net Profit
$510.0M
$300.8M
Gross Margin
56.6%
Operating Margin
32.3%
10.1%
Net Margin
25.4%
10.5%
Revenue YoY
131.8%
1.5%
Net Profit YoY
309.0%
79.3%
EPS (diluted)
$0.43
$0.76

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
VFC
VFC
Q4 25
$2.0B
$2.9B
Q3 25
$1.9B
$2.8B
Q2 25
$1.8B
$1.8B
Q1 25
$1.8B
$2.0B
Q4 24
$865.0M
$2.8B
Q3 24
$695.0M
$2.8B
Q2 24
$1.5B
$1.9B
Q1 24
$1.5B
$2.4B
Net Profit
KEY
KEY
VFC
VFC
Q4 25
$510.0M
$300.8M
Q3 25
$489.0M
$189.8M
Q2 25
$425.0M
$-116.4M
Q1 25
$405.0M
$-150.8M
Q4 24
$-244.0M
$167.8M
Q3 24
$-410.0M
$52.2M
Q2 24
$274.0M
$-258.9M
Q1 24
$219.0M
$-418.3M
Gross Margin
KEY
KEY
VFC
VFC
Q4 25
56.6%
Q3 25
52.2%
Q2 25
53.9%
Q1 25
52.7%
Q4 24
56.3%
Q3 24
52.2%
Q2 24
52.0%
Q1 24
48.4%
Operating Margin
KEY
KEY
VFC
VFC
Q4 25
32.3%
10.1%
Q3 25
31.8%
11.2%
Q2 25
29.3%
-4.9%
Q1 25
29.0%
2.2%
Q4 24
-92.6%
8.0%
Q3 24
-72.8%
9.9%
Q2 24
22.0%
-12.6%
Q1 24
18.1%
-15.0%
Net Margin
KEY
KEY
VFC
VFC
Q4 25
25.4%
10.5%
Q3 25
25.8%
6.8%
Q2 25
23.1%
-6.6%
Q1 25
22.8%
-7.5%
Q4 24
-54.7%
5.9%
Q3 24
-59.0%
1.9%
Q2 24
18.0%
-13.6%
Q1 24
14.3%
-17.6%
EPS (diluted)
KEY
KEY
VFC
VFC
Q4 25
$0.43
$0.76
Q3 25
$0.41
$0.48
Q2 25
$0.35
$-0.30
Q1 25
$0.33
$-0.37
Q4 24
$-0.30
$0.43
Q3 24
$-0.47
$0.13
Q2 24
$0.25
$-0.67
Q1 24
$0.20
$-1.07

Balance Sheet & Financial Strength

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

Metric
KEY
KEY
VFC
VFC
Cash + ST InvestmentsLiquidity on hand
$10.2B
$1.5B
Total DebtLower is stronger
$9.9B
$3.6B
Stockholders' EquityBook value
$20.4B
$1.8B
Total Assets
$184.4B
$10.4B
Debt / EquityLower = less leverage
0.49×
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEY
KEY
VFC
VFC
Q4 25
$10.2B
$1.5B
Q3 25
$13.3B
$419.1M
Q2 25
$11.6B
$642.4M
Q1 25
$15.3B
$429.4M
Q4 24
$17.5B
$1.4B
Q3 24
$22.8B
$492.2M
Q2 24
$15.5B
$637.4M
Q1 24
$13.2B
$674.6M
Total Debt
KEY
KEY
VFC
VFC
Q4 25
$9.9B
$3.6B
Q3 25
$10.9B
$3.5B
Q2 25
$12.1B
$3.6B
Q1 25
$12.4B
$3.4B
Q4 24
$12.1B
$3.9B
Q3 24
$15.7B
$4.0B
Q2 24
$16.9B
$3.9B
Q1 24
$20.8B
$4.7B
Stockholders' Equity
KEY
KEY
VFC
VFC
Q4 25
$20.4B
$1.8B
Q3 25
$20.1B
$1.5B
Q2 25
$19.5B
$1.3B
Q1 25
$19.0B
$1.5B
Q4 24
$18.2B
$1.7B
Q3 24
$16.9B
$1.4B
Q2 24
$14.8B
$1.4B
Q1 24
$14.5B
$1.7B
Total Assets
KEY
KEY
VFC
VFC
Q4 25
$184.4B
$10.4B
Q3 25
$187.4B
$10.6B
Q2 25
$185.5B
$10.2B
Q1 25
$188.7B
$9.4B
Q4 24
$187.2B
$10.6B
Q3 24
$189.8B
$12.2B
Q2 24
$187.4B
$11.5B
Q1 24
$187.5B
$11.6B
Debt / Equity
KEY
KEY
VFC
VFC
Q4 25
0.49×
1.99×
Q3 25
0.54×
2.40×
Q2 25
0.62×
2.76×
Q1 25
0.65×
2.30×
Q4 24
0.67×
2.31×
Q3 24
0.93×
2.86×
Q2 24
1.14×
2.84×
Q1 24
1.43×
2.84×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KEY
KEY
VFC
VFC
Operating Cash FlowLast quarter
$2.2B
$1.0B
Free Cash FlowOCF − Capex
$2.1B
$977.9M
FCF MarginFCF / Revenue
104.8%
34.0%
Capex IntensityCapex / Revenue
5.3%
1.1%
Cash ConversionOCF / Net Profit
4.33×
3.36×
TTM Free Cash FlowTrailing 4 quarters
$3.5B
$357.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEY
KEY
VFC
VFC
Q4 25
$2.2B
$1.0B
Q3 25
$396.0M
$-227.0M
Q2 25
$1.2B
$-145.5M
Q1 25
$-140.0M
$-171.1M
Q4 24
$664.0M
$918.1M
Q3 24
$-1.2B
$-301.6M
Q2 24
$-217.0M
$19.8M
Q1 24
$359.0M
Free Cash Flow
KEY
KEY
VFC
VFC
Q4 25
$2.1B
$977.9M
Q3 25
$367.0M
$-253.5M
Q2 25
$1.2B
$-173.7M
Q1 25
$-150.0M
$-193.0M
Q4 24
$599.0M
$899.7M
Q3 24
$-1.2B
$-322.4M
Q2 24
$-230.0M
$-5.4M
Q1 24
$347.0M
FCF Margin
KEY
KEY
VFC
VFC
Q4 25
104.8%
34.0%
Q3 25
19.4%
-9.0%
Q2 25
65.8%
-9.9%
Q1 25
-8.5%
-9.6%
Q4 24
69.2%
31.7%
Q3 24
-175.8%
-11.7%
Q2 24
-15.1%
-0.3%
Q1 24
22.6%
Capex Intensity
KEY
KEY
VFC
VFC
Q4 25
5.3%
1.1%
Q3 25
1.5%
0.9%
Q2 25
1.3%
1.6%
Q1 25
0.6%
1.1%
Q4 24
7.5%
0.6%
Q3 24
2.4%
0.8%
Q2 24
0.9%
1.3%
Q1 24
0.8%
Cash Conversion
KEY
KEY
VFC
VFC
Q4 25
4.33×
3.36×
Q3 25
0.81×
-1.20×
Q2 25
2.90×
Q1 25
-0.35×
Q4 24
5.47×
Q3 24
-5.78×
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
KEY

Segment breakdown not available.

VFC
VFC

Outdoor$1.9B67%
Sales Channel Through Intermediary$813.4M28%
Other$136.3M5%

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