KeyCorp (KEY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

KeyCorp

NYSE•Financial Services•Banks - Regional

$20.95+0.23(0.01%)After hours

Market Cap

$22.44B

P/E

11.1x

P/S

2.0x

P/B

1.1x

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits and investment products; personal finance and financial wellness, lending, student loan refinancing, mortgage and home equity, credit card, treasury, and business advisory; commercial leasing, investment management, consumer finance; and wealth management and investment services for institutional, non-profit, and high-net-worth clients. It also provides lending, cash management, equipment financing, and commercial mortgage loans; and capital market products and services, such as syndicated finance, debt and equity underwriting, fixed income and equity sales and trading, derivatives, foreign exchange, mergers and acquisition, other advisory services, and public finance to large corporate and institutional clients. In addition, the company offers personal and institutional trust custody services, personal financial and planning services, access to mutual funds, treasury services, and international banking services. Further, it provides community development financing, securities underwriting, brokerage, and investment banking services, as well as merchant services. The company was founded in 1849 and is headquartered in Cleveland, Ohio.

How this company scores

WeakMetricSide Score: 64/100

Grade capped at D — Interest coverage below 1× (0.8x) — earnings cannot cover interest. Strongest: Growth (22/25); weakest: Cash & Earnings Quality (9/25).

Profitability20/25

Growth22/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality9/25

Strengths

Growing revenueStrong marginsRising earningsProfit converts from growth

Grade capped at D

Interest coverage below 1× (0.8x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.1x5y range 5.3x – 701.4x

Currently near its 19-quarter median.

P/S · 2.0x5y range 0.9x – 2.8x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.6x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $22.44B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $11.19B
Q. Revenue: $2.77B
TTM EBITDA: $2.55B
TTM Op. Income: $2.56B
Q. Op. Income: $647.00M
TTM Net Income: $2.03B
Q. Net Income: $509.00M
EPS: $0.44
Shares Out.: $1.07B

$11.19B in TTM revenue grew 19.3% YoY, reaching $2.77B last quarter. TTM EBITDA of $2.55B and TTM operating income of $2.56B show growth is flowing through to the bottom line. TTM net income of $2.03B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 70.7%
EBITDA Margin: 39.0%
Op. Margin: 23.4%
Net Margin: 18.4%

Op. margin of 23.4% is up 4.1% YoY — cost efficiency is improving. Net margin at 18.4% and gross margin of 70.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 21% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.1x
P/S Ratio: 2.0x
P/B Ratio: 1.1x

At 11.1x P/E, the stock trades below typical market levels. P/S of 2.0x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 90% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $191.32B
Cash: $1.71B
Long-Term Debt: $10.97B
Book Value: $19.80B
D/E Ratio: 0.6
Debt/EBITDA: 10.2

With $191.32B in assets and $10.97B in long-term debt, D/E is 0.6and book value is $19.80B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $259.00M
TTM Free Cash Flow: $1.20B
FCF Margin: 10.7%
FCF / Net Income: 0.6

TTM FCF of $1.20B on $259.00M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 22% — a weakening trend.