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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($482.8M vs $432.7M, roughly 1.1× Koppers Holdings Inc.). FEDERATED HERMES, INC. runs the higher net margin — 22.2% vs 6.9%, a 15.3% gap on every dollar of revenue. On growth, FEDERATED HERMES, INC. posted the faster year-over-year revenue change (13.7% vs -9.3%). FEDERATED HERMES, INC. produced more free cash flow last quarter ($294.6M vs $28.5M). Over the past eight quarters, FEDERATED HERMES, INC.'s revenue compounded faster (10.4% CAGR vs -6.7%).
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $902.6 billion of customer assets, as of December 2025. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds (ETFs), separate accounts, closed-end funds and collective investment funds. Clie...
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.
FHI vs KOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $482.8M | $432.7M |
| Net Profit | $107.0M | $29.7M |
| Gross Margin | — | 25.6% |
| Operating Margin | 28.1% | 11.5% |
| Net Margin | 22.2% | 6.9% |
| Revenue YoY | 13.7% | -9.3% |
| Net Profit YoY | 26.4% | 391.2% |
| EPS (diluted) | $1.38 | $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 | $482.8M | $432.7M | ||
| Q3 25 | $469.4M | $485.3M | ||
| Q2 25 | $424.8M | $504.8M | ||
| Q1 25 | $423.5M | $456.5M | ||
| Q4 24 | $424.7M | $477.0M | ||
| Q3 24 | $408.5M | $554.3M | ||
| Q2 24 | $402.6M | $563.2M | ||
| Q1 24 | $396.4M | $497.6M |
| Q4 25 | $107.0M | $29.7M | ||
| Q3 25 | $104.1M | $23.8M | ||
| Q2 25 | $91.0M | $16.4M | ||
| Q1 25 | $101.1M | $-13.9M | ||
| Q4 24 | $84.7M | $-10.2M | ||
| Q3 24 | $87.5M | $22.8M | ||
| Q2 24 | $21.0M | $26.8M | ||
| Q1 24 | $75.0M | $13.0M |
| Q4 25 | — | 25.6% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 22.6% | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 21.6% | ||
| Q1 24 | — | 19.3% |
| Q4 25 | 28.1% | 11.5% | ||
| Q3 25 | 27.6% | 10.7% | ||
| Q2 25 | 27.6% | 7.7% | ||
| Q1 25 | 31.1% | 5.9% | ||
| Q4 24 | 26.0% | 1.3% | ||
| Q3 24 | 27.4% | 9.0% | ||
| Q2 24 | 10.1% | 10.2% | ||
| Q1 24 | 24.9% | 7.0% |
| Q4 25 | 22.2% | 6.9% | ||
| Q3 25 | 22.2% | 4.9% | ||
| Q2 25 | 21.4% | 3.2% | ||
| Q1 25 | 23.9% | -3.0% | ||
| Q4 24 | 19.9% | -2.1% | ||
| Q3 24 | 21.4% | 4.1% | ||
| Q2 24 | 5.2% | 4.8% | ||
| Q1 24 | 18.9% | 2.6% |
| Q4 25 | $1.38 | $1.44 | ||
| Q3 25 | $1.34 | $1.17 | ||
| Q2 25 | $1.16 | $0.81 | ||
| Q1 25 | $1.25 | $-0.68 | ||
| Q4 24 | $1.08 | $-0.47 | ||
| Q3 24 | $1.06 | $1.09 | ||
| Q2 24 | $0.20 | $1.25 | ||
| Q1 24 | $0.89 | $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 | $582.5M | — |
| Total DebtLower is stronger | $348.4M | $928.3M |
| Stockholders' EquityBook value | $1.2B | $574.0M |
| Total Assets | $2.2B | $1.9B |
| Debt / EquityLower = less leverage | 0.29× | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $582.5M | — | ||
| Q3 25 | $506.3M | — | ||
| Q2 25 | $371.0M | — | ||
| Q1 25 | $387.6M | — | ||
| Q4 24 | $504.4M | — | ||
| Q3 24 | $375.0M | — | ||
| Q2 24 | $307.4M | — | ||
| Q1 24 | $359.8M | — |
| Q4 25 | $348.4M | $928.3M | ||
| Q3 25 | $348.3M | $932.9M | ||
| Q2 25 | $348.2M | $977.5M | ||
| Q1 25 | $348.2M | $989.0M | ||
| Q4 24 | $348.1M | $939.5M | ||
| Q3 24 | $348.0M | $989.4M | ||
| Q2 24 | $348.0M | $1.0B | ||
| Q1 24 | $347.9M | $877.6M |
| Q4 25 | $1.2B | $574.0M | ||
| Q3 25 | $1.2B | $545.6M | ||
| Q2 25 | $1.1B | $526.8M | ||
| Q1 25 | $1.1B | $498.0M | ||
| Q4 24 | $1.1B | $488.7M | ||
| Q3 24 | $1.1B | $532.3M | ||
| Q2 24 | $1.0B | $509.2M | ||
| Q1 24 | $1.1B | $505.8M |
| Q4 25 | $2.2B | $1.9B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.9B | $1.9B | ||
| Q1 24 | $2.1B | $1.8B |
| Q4 25 | 0.29× | 1.62× | ||
| Q3 25 | 0.29× | 1.71× | ||
| Q2 25 | 0.31× | 1.86× | ||
| Q1 25 | 0.32× | 1.99× | ||
| Q4 24 | 0.32× | 1.92× | ||
| Q3 24 | 0.32× | 1.86× | ||
| Q2 24 | 0.34× | 1.97× | ||
| Q1 24 | 0.30× | 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 | $297.3M | $45.1M |
| Free Cash FlowOCF − Capex | $294.6M | $28.5M |
| FCF MarginFCF / Revenue | 61.0% | 6.6% |
| Capex IntensityCapex / Revenue | 0.6% | 3.8% |
| Cash ConversionOCF / Net Profit | 2.78× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $427.5M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $297.3M | $45.1M | ||
| Q3 25 | $103.1M | $49.6M | ||
| Q2 25 | $18.8M | $50.5M | ||
| Q1 25 | $14.3M | $-22.7M | ||
| Q4 24 | $346.6M | $74.7M | ||
| Q3 24 | $117.1M | $29.8M | ||
| Q2 24 | $88.7M | $27.2M | ||
| Q1 24 | $14.0M | $-12.3M |
| Q4 25 | $294.6M | $28.5M | ||
| Q3 25 | $101.6M | $37.6M | ||
| Q2 25 | $18.0M | $38.4M | ||
| Q1 25 | $13.3M | $-37.0M | ||
| Q4 24 | $342.5M | $56.1M | ||
| Q3 24 | $114.1M | $14.4M | ||
| Q2 24 | $82.7M | $10.1M | ||
| Q1 24 | $13.5M | $-38.6M |
| Q4 25 | 61.0% | 6.6% | ||
| Q3 25 | 21.6% | 7.7% | ||
| Q2 25 | 4.2% | 7.6% | ||
| Q1 25 | 3.1% | -8.1% | ||
| Q4 24 | 80.7% | 11.8% | ||
| Q3 24 | 27.9% | 2.6% | ||
| Q2 24 | 20.5% | 1.8% | ||
| Q1 24 | 3.4% | -7.8% |
| Q4 25 | 0.6% | 3.8% | ||
| Q3 25 | 0.3% | 2.5% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.2% | 3.1% | ||
| Q4 24 | 0.9% | 3.9% | ||
| Q3 24 | 0.7% | 2.8% | ||
| Q2 24 | 1.5% | 3.0% | ||
| Q1 24 | 0.1% | 5.3% |
| Q4 25 | 2.78× | 1.52× | ||
| Q3 25 | 0.99× | 2.08× | ||
| Q2 25 | 0.21× | 3.08× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.09× | — | ||
| Q3 24 | 1.34× | 1.31× | ||
| Q2 24 | 4.22× | 1.01× | ||
| Q1 24 | 0.19× | -0.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHI
| Investment Advisory Management And Administrative Service | $314.0M | 65% |
| Separateaccounts | $63.9M | 13% |
| Other | $61.2M | 13% |
| Distribution Service | $43.7M | 9% |
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% |
