Key Corp - Understand $key stock

$KEY Market Cap: $15.18 Billion

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Financial Snapshot

Revenue

$4.625B

TTM

Gross Margin

Net Earnings

$754.0M

TTM

Current Assets

Current Liabilities

$10.07B

Q2 2024

Current Ratio

Total Assets

$187.5B

Q2 2024

Total Liabilities

$172.7B

Q2 2024

Book Value

$14.79B

Q2 2024

Cash

$1.326B

Q2 2024

P/E

20.13

Sep 13, 2024 EST

Free Cash Flow

$1.652B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Revenue	$6.413B	$7.272B	$7.292B	$6.715B	$6.400B	$6.455B	$6.308B	$5.024B	$4.256B	$4.114B	$2.620B	$2.705B	$2.889B	$3.408B
YoY Change	-11.81%	-0.27%	8.59%	4.92%	-0.85%	2.33%	25.56%	18.05%	3.45%	57.02%	-3.14%	-6.37%	-15.23%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$6.413B	$7.272B	$7.292B	$6.715B	$6.400B	$6.455B	$6.308B	$5.024B	$4.256B	$4.114B	$2.620B	$2.705B	$2.889B	$3.408B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$368.0M	$314.0M	$284.0M	$232.0M	$214.0M	$210.0M	$225.0M	$255.0M	$164.0M	$158.0M	$156.0M	$164.0M	$166.0M	$185.0M
YoY Change	17.2%	10.56%	22.41%	8.41%	1.9%	-6.67%	-11.76%	55.49%	3.8%	1.28%	-4.88%	-1.2%	-10.27%
% of Gross Profit
Depreciation & Amortization	$89.00M	$96.00M	$107.0M	$115.0M	$118.0M	$131.0M	$138.0M	$123.0M	$120.0M	$246.0M	$220.0M	$235.0M	$270.0M	$330.0M	$389.0M	$429.0M	$420.0M	$397.0M	$358.0M	$345.0M	$368.0M	$226.0M	$530.0M	$382.0M	$396.0M	$328.0M	$284.0M	$253.0M	$222.8M	$217.7M	$225.5M	$195.6M
YoY Change	-7.29%	-10.28%	-6.96%	-2.54%	-9.92%	-5.07%	12.2%	2.5%	-51.22%	11.82%	-6.38%	-12.96%	-18.18%	-15.17%	-9.32%	2.14%	5.79%	10.89%	3.77%	-6.25%	62.83%	-57.36%	38.74%	-3.54%	20.73%	15.49%	12.25%	13.55%	2.34%	-3.46%	15.29%	20.44%
% of Gross Profit
Operating Expenses	$368.0M	$314.0M	$284.0M	$232.0M	$214.0M	$210.0M	$225.0M	$255.0M	$164.0M	$158.0M	$156.0M	$164.0M	$166.0M	$185.0M
YoY Change	17.2%	10.56%	22.41%	8.41%	1.9%	-6.67%	-11.76%	55.49%	3.8%	1.28%	-4.88%	-1.2%	-10.27%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$4.014B	$885.0M	$296.0M	$651.0M	$1.326B	$969.0M	$613.0M	$400.0M	$274.0M	$261.0M	$295.0M	$441.0M	$622.0M	$897.0M
YoY Change	353.56%	198.99%	-54.53%	-50.9%	36.84%	58.08%	53.25%	45.99%	4.98%	-11.53%	-33.11%	-29.1%	-30.66%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Pretax Income	$1.160B	$2.333B	$3.254B	$1.556B	$2.022B	$2.203B	$1.928B	$968.0M	$1.222B	$1.272B	$1.141B	$1.073B	$1.331B	$793.0M	-$2.298B	-$850.0M	$1.244B	$1.643B	$1.526B	$1.312B	$1.242B	$1.312B	$259.0M	$1.517B	$1.684B	$1.479B	$1.345B	$1.143B	$1.158B	$1.284B	$1.084B	$865.1M
YoY Change	-50.28%	-28.3%	109.13%	-23.05%	-8.22%	14.26%	99.17%	-20.79%	-3.93%	11.48%	6.34%	-19.38%	67.84%	-134.51%	170.35%	-168.33%	-24.28%	7.67%	16.31%	5.64%	-5.34%	406.56%	-82.93%	-9.92%	13.86%	9.96%	17.67%	-1.27%	-9.8%	18.41%	25.29%	92.07%
Income Tax	$196.0M	$422.0M	$642.0M	$227.0M	$314.0M	$344.0M	$637.0M	$179.0M	$303.0M	$326.0M	$271.0M	$231.0M	$364.0M	$186.0M	-$1.035B	$437.0M	$277.0M	$450.0M	$436.0M	$405.0M	$339.0M	$336.0M	$102.0M	$515.0M	$577.0M	$483.0M	$426.0M	$360.0M	$368.5M	$430.0M	$374.0M	$279.6M
% Of Pretax Income	16.9%	18.09%	19.73%	14.59%	15.53%	15.62%	33.04%	18.49%	24.8%	25.63%	23.75%	21.53%	27.35%	23.46%			22.27%	27.39%	28.57%	30.87%	27.29%	25.61%	39.38%	33.95%	34.26%	32.66%	31.67%	31.5%	31.83%	33.5%	34.51%	32.32%
Net Earnings	$824.0M	$1.799B	$2.625B	$1.343B	$1.717B	$1.866B	$1.296B	$791.0M	$916.0M	$900.0M	$910.0M	$858.0M	$920.0M	$554.0M	-$1.383B	-$1.468B	$919.0M	$1.055B	$1.129B	$954.0M	$903.0M	$976.0M	$132.0M	$1.002B	$1.107B	$996.0M	$919.0M	$783.0M	$825.0M	$853.5M	$709.9M	$592.1M
YoY Change	-54.2%	-31.47%	95.46%	-21.78%	-7.98%	43.98%	63.84%	-13.65%	1.78%	-1.1%	6.06%	-6.74%	66.06%	-140.06%	-5.79%	-259.74%	-12.89%	-6.55%	18.34%	5.65%	-7.48%	639.39%	-86.83%	-9.49%	11.14%	8.38%	17.37%	-5.09%	-3.34%	20.23%	19.9%	88.75%
Net Earnings / Revenue	12.85%	24.74%	36.0%	20.0%	26.83%	28.91%	20.55%	15.74%	21.52%	21.88%	34.73%	31.72%	31.84%	16.26%
Basic Earnings Per Share	$0.89	$1.94	$2.65	$1.28	$1.63	$1.73	$1.14	$0.81	$1.06	$1.01	$0.98	$0.89	$0.87	$0.45	-$2.34
Diluted Earnings Per Share	$0.88	$1.928M	$2.63	$1.27	$1.62	$1.71	$1.13	$0.80	$1.05	$0.99	$0.97	$0.89	$0.87	$0.44	-$2.34	-$3.262M	$2.322M	$2.572M	$2.727M	$2.297M	$2.119M	$2.266M	$307.3K	$2.300M	$2.447M	$2.226M	$2.067M	$1.686M	$1.745M	$1.739M	$1.469M	$1.260M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$661.0M	$636.0M	$1.276B	$1.383B	$1.468B	$882.0M	$930.0M	$978.0M	$779.0M	$841.0M	$885.0M	$965.0M	$944.0M	$908.0M	$880.0M	$840.0M	$681.0M	$595.0M	$656.0M	$603.0M	$606.0M	$644.0M	$689.0M	$717.0M	$797.0M	$902.0M	$985.0M	$1.084B	$1.030B	$987.0M	$913.0M	$843.0M
YoY Change	3.93%	-50.16%	-7.74%	-5.79%	66.44%	-5.16%	-4.91%	25.55%	-7.37%	-4.97%	-8.29%	2.22%	3.96%	3.18%	4.76%	23.35%	14.45%	-9.3%	8.79%	-0.5%	-5.9%	-6.53%	-3.91%	-10.04%	-11.64%	-8.43%	-9.13%	5.24%	4.36%	8.11%	8.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments							$1.300B	$1.200B	$1.100B
YoY Change							8.33%	9.09%
Other Assets	$344.0M	$436.0M	$562.0M	$699.0M	$891.0M	$1.100B	$2.430B	$3.021B	$2.923B	$3.325B	$5.676B	$5.282B	$5.860B	$6.554B	$4.208B	$4.413B
YoY Change	-21.1%	-22.42%	-19.6%	-21.55%	-19.0%	-54.73%	-19.56%	3.35%	-12.09%	-41.42%	7.46%	-9.86%	-10.59%	55.75%	-4.65%
Total Long-Term Assets
YoY Change
Total Assets	$188.3B	$189.8B	$186.3B	$170.3B	$145.0B	$139.6B	$137.7B	$136.5B	$95.13B	$93.82B	$92.93B	$89.24B	$88.79B	$91.84B	$93.29B	$104.5B	$98.23B	$92.34B	$93.13B	$90.75B	$84.49B	$85.20B	$80.94B	$87.27B	$83.40B	$80.02B	$73.70B	$67.62B	$66.34B	$66.80B	$59.63B	$55.07B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$5.412B	$4.994B	$2.637B	$1.121B	$1.464B	$1.421B	$1.033B	$967.0M	$827.0M	$814.0M	$663.0M	$1.387B	$1.763B	$1.931B	$1.579B	$2.349B	$5.386B	$5.228B	$5.149B	$5.086B
YoY Change	8.37%	89.38%	135.24%	-23.43%	3.03%	37.56%	6.83%	16.93%	1.6%	22.78%	-52.2%	-21.33%	-8.7%	22.29%	-32.78%	-56.39%	3.02%	1.53%	1.24%
Deferred Revenue
YoY Change
Short-Term Debt	$3.091B	$9.463B	$761.0M	$979.0M	$1.092B	$863.0M	$1.011B	$2.310B	$905.0M	$998.0M	$1.877B	$1.896B	$2.048B	$3.196B	$2.082B	$10.03B	$9.788B	$5.070B	$6.615B	$4.660B	$5.614B	$6.685B	$9.284B	$11.89B	$12.62B	$14.20B	$12.95B	$10.89B	$8.424B	$8.777B	$5.896B	$5.082B
YoY Change	-67.34%	1143.5%	-22.27%	-10.35%	26.54%	-14.64%	-56.23%	155.25%	-9.32%	-46.83%	-1.0%	-7.42%	-35.92%	53.51%	-79.25%	2.51%	93.06%	-23.36%	41.95%	-16.99%	-16.02%	-27.99%	-21.94%	-5.73%	-11.13%	9.66%	18.84%	29.32%	-4.02%	48.86%	16.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$8.503B	$4.994B	$2.637B	$1.121B	$1.464B	$1.421B	$1.033B	$967.0M	$827.0M	$814.0M	$663.0M	$1.387B	$1.763B	$1.931B	$1.579B	$2.349B	$5.386B	$5.228B	$5.149B	$5.086B	$5.614B	$6.685B	$9.284B	$11.89B	$12.62B	$14.20B	$12.95B	$10.89B	$8.424B	$8.777B	$5.896B	$5.082B
YoY Change	70.26%	89.38%	135.24%	-23.43%	3.03%	37.56%	6.83%	16.93%	1.6%	22.78%	-52.2%	-21.33%	-8.7%	22.29%	-32.78%	-56.39%	3.02%	1.53%	1.24%	-9.41%	-16.02%	-27.99%	-21.94%	-5.73%	-11.13%	9.66%	18.84%	29.32%	-4.02%	48.86%	16.02%
Long-Term Debt	$19.55B	$19.31B	$12.04B	$13.71B	$12.45B	$13.73B	$14.33B	$12.38B	$10.19B	$7.875B	$7.650B	$6.847B	$9.520B	$10.59B	$11.56B	$15.00B	$11.83B	$13.75B	$12.98B	$13.88B	$14.41B	$15.85B	$15.08B	$14.95B	$16.88B	$13.68B	$8.033B	$4.520B	$3.736B	$3.570B	$1.764B	$1.790B
YoY Change	1.28%	60.33%	-12.16%	10.13%	-9.35%	-4.19%	15.74%	21.58%	29.35%	2.94%	11.73%	-28.08%	-10.12%	-8.36%	-22.92%	26.8%	-14.0%	5.93%	-6.44%	-3.69%	-9.09%	5.09%	0.86%	-11.43%	23.45%	70.24%	77.72%	20.99%	4.65%	102.38%	-1.45%
Other Long-Term Liabilities							$291.0M	$636.0M	$632.0M	$787.0M	$2.268B	$2.804B	$3.576B	$4.140B	$1.136B	$1.213B	$252.0M	$922.0M	$1.060B	$1.196B	$5.752B	$5.471B	$4.862B	$4.701B	$4.033B	$3.110B	$2.303B	$1.816B	$1.477B	$1.200B	$1.078B	$836.0M
YoY Change							-54.25%	0.63%	-19.7%	-65.3%	-19.12%	-21.59%	-13.62%	264.44%	-6.35%	381.35%	-72.67%	-13.02%	-11.37%	-79.21%	5.14%	12.53%	3.42%	16.56%	29.68%	35.04%	26.82%	22.95%	23.08%	11.32%	28.95%
Total Long-Term Liabilities	$19.55B	$19.31B	$12.04B	$13.71B	$12.45B	$13.73B	$14.62B	$13.02B	$10.82B	$8.662B	$9.918B	$9.651B	$13.10B	$14.73B	$12.69B	$16.21B	$12.08B	$14.67B	$14.04B	$15.07B	$20.16B	$21.32B	$19.94B	$19.65B	$20.92B	$16.79B	$10.34B	$6.336B	$5.213B	$4.770B	$2.842B	$2.626B
YoY Change	1.28%	60.33%	-12.16%	10.13%	-9.35%	-6.1%	12.32%	20.35%	24.89%	-12.66%	2.77%	-26.31%	-11.11%	16.05%	-21.68%	34.19%	-17.69%	4.5%	-6.83%	-25.24%	-5.44%	6.9%	1.47%	-6.03%	24.61%	62.39%	63.13%	21.54%	9.29%	67.84%	8.23%
Total Liabilities	$173.6B	$176.4B	$168.9B	$152.4B	$128.0B	$124.0B	$122.7B	$121.2B	$84.39B	$83.29B	$82.63B	$78.97B	$78.88B	$80.73B	$82.62B	$94.05B	$90.48B	$84.63B	$85.53B	$83.63B	$77.52B	$78.37B	$74.78B	$80.65B	$77.01B	$73.85B	$68.52B	$62.74B	$61.19B	$62.11B	$55.24B	$51.14B
YoY Change	-1.54%	4.4%	10.87%	19.07%	3.17%	1.09%	1.21%	43.64%	1.32%	0.8%	4.64%	0.11%	-2.29%	-2.3%	-12.15%	3.94%	6.91%	-1.05%	2.27%	7.88%	-1.08%	4.79%	-7.27%	4.73%	4.27%	7.79%	9.21%	2.54%	-1.49%	12.44%	8.01%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	927.2M shares	924.4M shares	947.1M shares	967.8M shares	992.1M shares	1.041B shares	1.072B shares	927.8M shares	836.8M shares	871.5M shares	906.5M shares	938.9M shares	931.9M shares	874.7M shares	697.2M shares
Diluted Shares Outstanding	932.8M shares	933.1M shares	957.4M shares	974.8M shares	1.002B shares	1.055B shares	1.089B shares	938.5M shares	844.5M shares	878.2M shares	912.6M shares	943.3M shares	935.8M shares	878.2M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $15.176 Billion

About KeyCorp

KeyCorp is a bank holding company, which engages in the provision of financial services. The company is headquartered in Cleveland, Ohio and currently employs 16,752 full-time employees. Through KeyBank and certain other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients. The company has two business segments: Consumer Bank and Commercial Bank. The Consumer Bank serves individuals and small businesses by offering a variety of deposit and investment products, personal finance and financial wellness services, lending, student loan refinancing, mortgage and home equity, credit card, treasury services, and business advisory services. The Commercial Bank consists of the Commercial and Institutional operating segments. The Commercial operating segment serves the needs of middle market clients.

Industry: National Commercial Banks Peers: Citizens Financial Group Inc Comerica Inc Fifth Third Bancorp First Citizens BancShares Inc (Delaware) First Horizon Corp Huntington Bancshares Inc Regions Financial Corp PNC Financial Services Group Inc SVB Financial Group