KeyCorp (KEY) vs Pinnacle Financial Partners, Inc. (PNFP)

KeyCorp and Pinnacle Financial Partners, Inc. are both Banks Regional companies. KeyCorp is the larger, with a market value of $22.1B against $15.3B — 1.4× the size. KeyCorp trades at the lower P/E: 11.5× against 13.5×. Pinnacle Financial Partners, Inc. grew revenue faster over the last twelve months: 97.6% against 8.99%. KeyCorp has the higher net margin (17.6% vs 15.2%) and the higher return on invested capital (12.2% vs 5.96%). Both pay a dividend; KeyCorp yields more (3.91% vs 2.20%). Across the 19 metrics below, KeyCorp leads on 10 and Pinnacle Financial Partners, Inc. on 9.

Valuation

Metric KEY PNFP Banks Regional median
P/E 11.47 13.50 12.02
P/S 1.97 2.39 2.36
P/B 1.40 1.11 1.23
Price to free cash flow 14.57 10.63 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.72% 7.41% 8.21%
Free cash flow yield 6.86% 9.41% 9.23%

Profitability

Metric KEY PNFP Banks Regional median
Gross margin 70.72% 66.55% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 17.55% 15.22% 18.82%
Free cash flow margin 13.54% 22.50% 17.97%
Return on equity 11.79% 9.56% 10.28%
Return on assets 1.04% 1.05% 1.13%
Return on invested capital 12.15% 5.96% 8.45%

Growth

Metric KEY PNFP Banks Regional median
Revenue growth (TTM) 8.99% 97.64% 6.37%
EPS growth (last fiscal year) 575.00% 35.40% 18.85%
Revenue growth, 5-year CAGR 8.88% 19.79% 12.65%
Net income growth, 5-year CAGR 6.39% 9.35% 9.81%

Health

Metric KEY PNFP Banks Regional median
Debt to equity 0.64 0.68 0.17
Current ratio 0.84 0.93 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric KEY PNFP Banks Regional median
Dividend yield 3.91% 2.20% 2.49%
Payout ratio 0.45 0.30 0.29

Size

Metric KEY PNFP Banks Regional median
Market cap 22.13b 15.34b 934.85m

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