vs
Side-by-side financial comparison of Andersons, Inc. (ANDE) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $329.5M, roughly 1.3× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 6.9%, a 13.6% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -6.7%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
ANDE vs KOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $432.7M |
| Net Profit | $67.4M | $29.7M |
| Gross Margin | 70.3% | 25.6% |
| Operating Margin | 26.6% | 11.5% |
| Net Margin | 20.5% | 6.9% |
| Revenue YoY | -2.4% | -9.3% |
| Net Profit YoY | 49.6% | 391.2% |
| EPS (diluted) | — | $1.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $329.5M | $432.7M | ||
| Q3 25 | $295.8M | $485.3M | ||
| Q2 25 | $535.0M | $504.8M | ||
| Q1 25 | $370.8M | $456.5M | ||
| Q4 24 | $337.5M | $477.0M | ||
| Q3 24 | $231.9M | $554.3M | ||
| Q2 24 | $492.5M | $563.2M | ||
| Q1 24 | $341.4M | $497.6M |
| Q4 25 | $67.4M | $29.7M | ||
| Q3 25 | $20.1M | $23.8M | ||
| Q2 25 | $7.9M | $16.4M | ||
| Q1 25 | $284.0K | $-13.9M | ||
| Q4 24 | $45.1M | $-10.2M | ||
| Q3 24 | $27.4M | $22.8M | ||
| Q2 24 | $36.0M | $26.8M | ||
| Q1 24 | $5.6M | $13.0M |
| Q4 25 | 70.3% | 25.6% | ||
| Q3 25 | 57.8% | 24.1% | ||
| Q2 25 | 29.6% | 22.6% | ||
| Q1 25 | 41.2% | 23.2% | ||
| Q4 24 | 63.1% | 17.5% | ||
| Q3 24 | 76.4% | 21.9% | ||
| Q2 24 | 35.6% | 21.6% | ||
| Q1 24 | 37.6% | 19.3% |
| Q4 25 | 26.6% | 11.5% | ||
| Q3 25 | 8.7% | 10.7% | ||
| Q2 25 | 4.6% | 7.7% | ||
| Q1 25 | 0.9% | 5.9% | ||
| Q4 24 | 19.9% | 1.3% | ||
| Q3 24 | 26.8% | 9.0% | ||
| Q2 24 | 11.6% | 10.2% | ||
| Q1 24 | 4.1% | 7.0% |
| Q4 25 | 20.5% | 6.9% | ||
| Q3 25 | 6.8% | 4.9% | ||
| Q2 25 | 1.5% | 3.2% | ||
| Q1 25 | 0.1% | -3.0% | ||
| Q4 24 | 13.4% | -2.1% | ||
| Q3 24 | 11.8% | 4.1% | ||
| Q2 24 | 7.3% | 4.8% | ||
| Q1 24 | 1.6% | 2.6% |
| Q4 25 | — | $1.44 | ||
| Q3 25 | $0.59 | $1.17 | ||
| Q2 25 | $0.23 | $0.81 | ||
| Q1 25 | $0.01 | $-0.68 | ||
| Q4 24 | $1.31 | $-0.47 | ||
| Q3 24 | $0.80 | $1.09 | ||
| Q2 24 | $1.05 | $1.25 | ||
| Q1 24 | $0.16 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | — |
| Total DebtLower is stronger | $560.0M | $928.3M |
| Stockholders' EquityBook value | $1.2B | $574.0M |
| Total Assets | $3.7B | $1.9B |
| Debt / EquityLower = less leverage | 0.45× | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $561.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $560.0M | $928.3M | ||
| Q3 25 | — | $932.9M | ||
| Q2 25 | — | $977.5M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | $608.2M | $939.5M | ||
| Q3 24 | — | $989.4M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $877.6M |
| Q4 25 | $1.2B | $574.0M | ||
| Q3 25 | $1.2B | $545.6M | ||
| Q2 25 | $1.4B | $526.8M | ||
| Q1 25 | $1.4B | $498.0M | ||
| Q4 24 | $1.4B | $488.7M | ||
| Q3 24 | $1.3B | $532.3M | ||
| Q2 24 | $1.3B | $509.2M | ||
| Q1 24 | $1.3B | $505.8M |
| Q4 25 | $3.7B | $1.9B | ||
| Q3 25 | $3.3B | $1.9B | ||
| Q2 25 | $3.4B | $1.9B | ||
| Q1 25 | $3.8B | $1.9B | ||
| Q4 24 | $4.1B | $1.9B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.3B | $1.9B | ||
| Q1 24 | $3.3B | $1.8B |
| Q4 25 | 0.45× | 1.62× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | 0.45× | 1.92× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.74× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | $45.1M |
| Free Cash FlowOCF − Capex | $-77.1M | $28.5M |
| FCF MarginFCF / Revenue | -23.4% | 6.6% |
| Capex IntensityCapex / Revenue | 21.5% | 3.8% |
| Cash ConversionOCF / Net Profit | -0.09× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $45.1M | ||
| Q3 25 | $233.9M | $49.6M | ||
| Q2 25 | $299.3M | $50.5M | ||
| Q1 25 | $-350.0M | $-22.7M | ||
| Q4 24 | $268.8M | $74.7M | ||
| Q3 24 | $-2.1M | $29.8M | ||
| Q2 24 | $304.4M | $27.2M | ||
| Q1 24 | $-239.6M | $-12.3M |
| Q4 25 | $-77.1M | $28.5M | ||
| Q3 25 | $167.0M | $37.6M | ||
| Q2 25 | $250.5M | $38.4M | ||
| Q1 25 | $-396.6M | $-37.0M | ||
| Q4 24 | $212.9M | $56.1M | ||
| Q3 24 | $-40.0M | $14.4M | ||
| Q2 24 | $275.8M | $10.1M | ||
| Q1 24 | $-266.4M | $-38.6M |
| Q4 25 | -23.4% | 6.6% | ||
| Q3 25 | 56.5% | 7.7% | ||
| Q2 25 | 46.8% | 7.6% | ||
| Q1 25 | -106.9% | -8.1% | ||
| Q4 24 | 63.1% | 11.8% | ||
| Q3 24 | -17.2% | 2.6% | ||
| Q2 24 | 56.0% | 1.8% | ||
| Q1 24 | -78.0% | -7.8% |
| Q4 25 | 21.5% | 3.8% | ||
| Q3 25 | 22.6% | 2.5% | ||
| Q2 25 | 9.1% | 2.4% | ||
| Q1 25 | 12.6% | 3.1% | ||
| Q4 24 | 16.6% | 3.9% | ||
| Q3 24 | 16.3% | 2.8% | ||
| Q2 24 | 5.8% | 3.0% | ||
| Q1 24 | 7.8% | 5.3% |
| Q4 25 | -0.09× | 1.52× | ||
| Q3 25 | 11.61× | 2.08× | ||
| Q2 25 | 38.10× | 3.08× | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | 1.31× | ||
| Q2 24 | 8.46× | 1.01× | ||
| Q1 24 | -42.94× | -0.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
