F

KeyCorp — Earnings Quality Grade F

KEY · Financial Services

Major red flags

Revenue
$7.3B
2025
Net Income
$1.8B
2025
Gross Margin
Free Cash Flow
$2.1B
01

Screening Summary

9
Passed
0
Watch
1
Failed
M-Score
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

Insufficient data

A2AR vs Revenue Growth

Insufficient data

A3Revenue vs CFFO

Revenue 65.7%, CFFO 232.5%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth 64.6% vs revenue 65.7%. Normal

B3SG&A Ratio

Insufficient data

B4Gross Margin

Insufficient data

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.21. Profits backed by cash

C2Free Cash Flow

FCF $2.1B, FCF/NI = 1.15

C3Accruals Ratio

Accruals ratio = -0.2%. Low accruals

C4Cash vs Debt

Cash $1.3B covers only 12% of debt $11.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $2.8B = 14% of equity. Manageable

D2Leverage

Insufficient data

D3Soft Asset Growth

Insufficient data

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -1% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Altman Z-Score — Not Applicable

KeyCorp is a financial company. Z-Score is designed for non-financial companies.

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09

KeyCorp (KEY) Earnings Quality Grade F — EarningsGrade