undamentalytics Newsletter

KeyCorp key statistics and ratios

In fiscal 2025, KeyCorp had return on equity of 9.5% and a net margin of 24.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

KeyCorp: financial ratios, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−30.2%12.4%23.3%20.8%22.2%21.9%21.5%15.7%20.5%28.9%26.8%20.0%36.0%26.4%15.1%−3.5%24.3%26.0%
Return on equity−12.5%5.1%8.8%8.5%8.8%8.6%8.6%6.1%8.6%12.2%10.5%7.7%14.8%12.4%6.9%−1.0%9.5%10.1%
Return on assets−1.4%0.6%1.0%1.0%1.0%1.0%1.0%0.7%0.9%1.3%1.2%0.9%1.5%1.0%0.5%−0.1%1.0%1.1%
Effective tax rate—23.5%27.3%21.5%23.8%25.6%24.8%18.5%33.0%15.6%15.5%14.6%19.7%18.1%16.9%—20.7%20.6%
Dividends ÷ net income—33.2%17.8%22.3%23.8%26.7%29.1%42.4%37.0%35.2%46.8%61.7%31.4%44.5%94.2%—57.6%51.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

49 /100

Moderate moat

How hard KeyCorp's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 0.9% of total assets over 10 years.

  • Durability 9 / 20

    Net margin has been a median 22.3%; its worst year was 3.4%.

  • Discipline 12 / 20

    The diluted share count rose 12.9% over five years; stock-based pay has been a median 1.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (54 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: KEY vs RFCFG vs KEYFCNCA vs KEY

More: Regional Banks stocks compared, Financials sector, rankings of US companies

Figures from KeyCorp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to KeyCorp.