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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($749.2M vs $432.7M, roughly 1.7× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs 3.6%, a 3.2% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (62.0% vs -9.3%). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (45.0% CAGR vs -6.7%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
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.
CLOV vs KOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $749.2M | $432.7M |
| Net Profit | $27.3M | $29.7M |
| Gross Margin | — | 25.6% |
| Operating Margin | 3.6% | 11.5% |
| Net Margin | 3.6% | 6.9% |
| Revenue YoY | 62.0% | -9.3% |
| Net Profit YoY | — | 391.2% |
| EPS (diluted) | $0.05 | $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.
| Q1 26 | $749.2M | — | ||
| Q4 25 | $487.7M | $432.7M | ||
| Q3 25 | $496.6M | $485.3M | ||
| Q2 25 | $477.6M | $504.8M | ||
| Q1 25 | $462.3M | $456.5M | ||
| Q4 24 | $337.0M | $477.0M | ||
| Q3 24 | $331.0M | $554.3M | ||
| Q2 24 | $356.3M | $563.2M |
| Q1 26 | $27.3M | — | ||
| Q4 25 | $-49.3M | $29.7M | ||
| Q3 25 | $-24.4M | $23.8M | ||
| Q2 25 | $-10.6M | $16.4M | ||
| Q1 25 | $-1.3M | $-13.9M | ||
| Q4 24 | $-22.1M | $-10.2M | ||
| Q3 24 | $-9.2M | $22.8M | ||
| Q2 24 | $7.4M | $26.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.6% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 22.6% | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | 24.5% | 21.9% | ||
| Q2 24 | 30.3% | 21.6% |
| Q1 26 | 3.6% | — | ||
| Q4 25 | -10.1% | 11.5% | ||
| Q3 25 | -4.9% | 10.7% | ||
| Q2 25 | -2.2% | 7.7% | ||
| Q1 25 | -0.3% | 5.9% | ||
| Q4 24 | -6.4% | 1.3% | ||
| Q3 24 | -2.7% | 9.0% | ||
| Q2 24 | 2.0% | 10.2% |
| Q1 26 | 3.6% | — | ||
| Q4 25 | -10.1% | 6.9% | ||
| Q3 25 | -4.9% | 4.9% | ||
| Q2 25 | -2.2% | 3.2% | ||
| Q1 25 | -0.3% | -3.0% | ||
| Q4 24 | -6.6% | -2.1% | ||
| Q3 24 | -2.8% | 4.1% | ||
| Q2 24 | 2.1% | 4.8% |
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | $1.44 | ||
| Q3 25 | — | $1.17 | ||
| Q2 25 | — | $0.81 | ||
| Q1 25 | — | $-0.68 | ||
| Q4 24 | — | $-0.47 | ||
| Q3 24 | — | $1.09 | ||
| Q2 24 | — | $1.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $177.6M | — |
| Total DebtLower is stronger | — | $928.3M |
| Stockholders' EquityBook value | $339.4M | $574.0M |
| Total Assets | $697.7M | $1.9B |
| Debt / EquityLower = less leverage | — | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $177.6M | — | ||
| Q4 25 | $78.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $194.5M | — | ||
| Q3 24 | $288.0M | — | ||
| Q2 24 | $254.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $928.3M | ||
| Q3 25 | — | $932.9M | ||
| Q2 25 | — | $977.5M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $939.5M | ||
| Q3 24 | — | $989.4M | ||
| Q2 24 | — | $1.0B |
| Q1 26 | $339.4M | — | ||
| Q4 25 | $308.7M | $574.0M | ||
| Q3 25 | $340.9M | $545.6M | ||
| Q2 25 | $344.2M | $526.8M | ||
| Q1 25 | $336.1M | $498.0M | ||
| Q4 24 | $341.1M | $488.7M | ||
| Q3 24 | $342.2M | $532.3M | ||
| Q2 24 | $324.9M | $509.2M |
| Q1 26 | $697.7M | — | ||
| Q4 25 | $541.0M | $1.9B | ||
| Q3 25 | $559.7M | $1.9B | ||
| Q2 25 | $575.0M | $1.9B | ||
| Q1 25 | $583.7M | $1.9B | ||
| Q4 24 | $580.7M | $1.9B | ||
| Q3 24 | $653.0M | $2.0B | ||
| Q2 24 | $674.2M | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | — | 1.92× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.97× |
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 | — | $45.1M |
| Free Cash FlowOCF − Capex | — | $28.5M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-66.9M | $45.1M | ||
| Q3 25 | $12.1M | $49.6M | ||
| Q2 25 | $5.4M | $50.5M | ||
| Q1 25 | $-16.3M | $-22.7M | ||
| Q4 24 | $34.8M | $74.7M | ||
| Q3 24 | $50.0M | $29.8M | ||
| Q2 24 | $44.8M | $27.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-69.0M | $28.5M | ||
| Q3 25 | $11.4M | $37.6M | ||
| Q2 25 | $4.8M | $38.4M | ||
| Q1 25 | $-16.5M | $-37.0M | ||
| Q4 24 | $33.3M | $56.1M | ||
| Q3 24 | $49.6M | $14.4M | ||
| Q2 24 | $44.4M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | -14.1% | 6.6% | ||
| Q3 25 | 2.3% | 7.7% | ||
| Q2 25 | 1.0% | 7.6% | ||
| Q1 25 | -3.6% | -8.1% | ||
| Q4 24 | 9.9% | 11.8% | ||
| Q3 24 | 15.0% | 2.6% | ||
| Q2 24 | 12.5% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 3.8% | ||
| Q3 25 | 0.1% | 2.5% | ||
| Q2 25 | 0.1% | 2.4% | ||
| Q1 25 | 0.0% | 3.1% | ||
| Q4 24 | 0.5% | 3.9% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.1% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.52× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | — | 3.08× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 6.04× | 1.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
Segment breakdown not available.
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% |
