CFG vs KEY: Citizens Financial and KeyCorp compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Citizens Financial is the larger company, worth $27.1B, about 1.2 times KeyCorp.
- Citizens Financial grew revenue faster over the last year (+17.8% vs +5.7%).
- On earnings, KeyCorp is the cheaper stock (12.7x vs 15.2x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CFG | KEY |
|---|---|---|
| Market cap | $27.1B | $22.4B |
| Share price | $63.57 | $19.97 |
| Revenue (last fiscal year) | $1.6B | $1.7B |
| Free cash flow (last fiscal year) | — | $2.1B |
| Revenue growth, last year | +17.8% | +5.7% |
| Revenue growth per year, last 5 fiscal years | +5.4% | -1.0% |
| Operating margin | — | — |
| Net margin | 121.4% | 111.5% |
| Return on equity | 8.1% | 10.2% |
| P/E (trailing) | 15.2x | 12.7x |
| Price / free cash flow | 13.3x | 10.7x |
| EV / EBITDA | 8.99x | 15.8x |
| FCF growth the price implies | — | -3.3% |
| Dividend yield | 2.7% | 4.0% |
| Debt / equity | 7.93x | 8.66x |
| Fundamental grade | C | C |
| Superinvestors holding it | 4 | 6 |
| Insider purchases, last 12 months | 0 | 6 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Citizens Financial
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.3B | — | — |
| 2022 | $1.3B | — | — |
| 2023 | $1.3B | — | — |
| 2024 | $1.5B | — | — |
| 2025 | $1.6B | — | — |
KeyCorp
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.8B | $1.1B | — |
| 2022 | $1.6B | $4.4B | — |
| 2023 | $1.4B | $2.8B | — |
| 2024 | $1.6B | $599M | — |
| 2025 | $1.7B | $2.1B | — |
Where the revenue comes from
Citizens Financial · by segments, 2025
Consumer Banking$6.2B69%
Commercial Banking$2.8B31%
KeyCorp · by segments, 2025
Commercial Bank$4.0B52%
Consumer Bank$3.7B48%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CFG in InvestinglyQuestions
Which is bigger, Citizens Financial or KeyCorp?
Citizens Financial (CFG), at $27.1B against $22.4B.
Is CFG or KEY cheaper?
By trailing P/E, KeyCorp (12.7x) is cheaper than Citizens Financial (15.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, CFG or KEY?
Citizens Financial: revenue grew +17.8% over the last year, against +5.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.