KEY vs. NWG: KeyCorp vs. NatWest Stock Comparison
How do KeyCorp (KEY) and NatWest (NWG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
KeyCorp (KEY) and NatWest (NWG) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
KeyCorp (KEY) trades as ordinary local shares, while NatWest (NWG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | KEY | NWG |
|---|---|---|
| Name | KeyCorp | NatWest Group plc Sponsored ADR |
| Country/Region | United States | United Kingdom |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 22.02 billion USD | 61.54 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | November 5, 1987 | October 18, 2007 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | KEY | NWG |
|---|---|---|
| Total Return (1Y) | 24.10% | 7.03% |
| Total Return (3Y, Annualized) | 31.53% | 59.12% |
| Total Return (5Y, Annualized) | 3.00% | 30.15% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | KEY | NWG |
|---|---|---|
| Volatility (1Y, Annualized) | 23.07% | 33.39% |
| Beta (5Y) | 1.06 | 0.96 |
| Max Drawdown (5Y) | -65.23% | -40.66% |
| Avg. Volume (3M) | 14.36M | 3.73M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | KEY | NWG |
|---|---|---|
| Sharpe Ratio (1Y) | 0.86 | 0.08 |
| Sortino Ratio (1Y) | 1.25 | 0.12 |
Profitability
ROE (TTM)
NatWest (NWG) at 14.58% sits in the top ROE quartile, while KeyCorp (KEY) at 11.17% is closer to the peer norm — stronger capital efficiency for NWG.
KEY
Banks industry group
11.17%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- KEY
- 11.17%
- Q1
- 9.50%
- Min
- 3.64%
NWG
Banks industry group
14.58%
- Max
- 19.84%
- NWG
- 14.58%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
NatWest (NWG) at 36.93% retains a top-quartile share of revenue as profit, ahead of KeyCorp (KEY) at 27.99%, which keeps about the industry-typical share.
KEY
Banks industry group
27.99%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- KEY
- 27.99%
- Q1
- 27.11%
- Min
- 14.93%
NWG
Banks industry group
36.93%
- Max
- 47.19%
- NWG
- 36.93%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for KeyCorp (KEY) in Banks and NatWest (NWG) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | KEY | NWG |
|---|---|---|
| ROE (TTM) | 11.17% | 14.58% |
| ROA (TTM) | 1.11% | 0.85% |
| Net Margin (TTM) | 27.99% | 36.93% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
KeyCorp (KEY) at 65.72% clears its industry range for revenue growth, far stronger top-line momentum than NatWest (NWG) at 13.35%, which is closer to a typical peer reading.
EPS Growth
Only one side can be read here: NatWest (NWG) reports EPS growth of 26.93%, ranked against its industry; KeyCorp (KEY) has no EPS growth figure this period.
Growth Metrics
| Metric | KEY | NWG |
|---|---|---|
| Revenue Growth (YoY) | 65.72% | 13.35% |
| Revenue Growth (3Y CAGR) | 1.21% | 7.55% |
| EPS Growth (YoY) | -- | 26.93% |
| EPS Growth (3Y CAGR) | -7.65% | 26.12% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: KeyCorp (KEY) in Banks and NatWest (NWG) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: KeyCorp (KEY) in Banks and NatWest (NWG) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | KEY | NWG |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
KeyCorp (KEY) at 3.91% delivers top-quartile income for its industry, while NatWest (NWG) at 2.19% pays a more typical yield — both are credible income propositions, KEY the richer one.
KEY
Banks industry group
3.91%
- Max
- 5.79%
- KEY
- 3.91%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
NWG
Banks industry group
2.19%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- NWG
- 2.19%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both KeyCorp (KEY) at 45.05% and NatWest (NWG) at 47.43% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
KEY
Banks industry group
45.05%
- Max
- 70.75%
- KEY
- 45.05%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
NWG
Banks industry group
47.43%
- Max
- 70.75%
- NWG
- 47.43%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | KEY | NWG |
|---|---|---|
| Dividend Yield (TTM) | 3.91% | 2.19% |
| Dividend Payout Ratio (TTM) | 45.05% | 47.43% |
Valuation
P/E Ratio (TTM)
NatWest (NWG) at 7.84 sits in the cheaper P/E ratio quartile, while KeyCorp (KEY) at 11.46 is closer to its industry’s usual earnings multiple — a discount for NWG, though growth and earnings durability still matter.
KEY
Banks industry group
11.46
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- KEY
- 11.46
- Q1
- 10.64
- Min
- 6.49
NWG
Banks industry group
7.84
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- NWG
- 7.84
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both KeyCorp (KEY) in Banks and NatWest (NWG) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
On P/B ratio, both KeyCorp (KEY) at 1.39 and NatWest (NWG) at 1.20 are valued close to their industries’ norm against book — neither stands out from peers.
KEY
Banks industry group
1.39
- Max
- 2.28
- Q3
- 1.58
- KEY
- 1.39
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
NWG
Banks industry group
1.20
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- NWG
- 1.20
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | KEY | NWG |
|---|---|---|
| P/E Ratio (TTM) | 11.46 | 7.84 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.39 | 1.20 |
| Free Cash Flow Yield (TTM) | -- | -- |