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Side-by-side financial comparison of Forestar Group Inc. (FOR) 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 $273.0M, roughly 1.6× Forestar Group Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs 5.6%, a 1.2% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $-157.1M). Over the past eight quarters, Koppers Holdings Inc.'s revenue compounded faster (-6.7% CAGR vs -9.6%).
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
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.
FOR vs KOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $432.7M |
| Net Profit | $15.4M | $29.7M |
| Gross Margin | 20.1% | 25.6% |
| Operating Margin | 7.6% | 11.5% |
| Net Margin | 5.6% | 6.9% |
| Revenue YoY | 9.0% | -9.3% |
| Net Profit YoY | -6.7% | 391.2% |
| EPS (diluted) | $0.30 | $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 | $273.0M | $432.7M | ||
| Q3 25 | $670.5M | $485.3M | ||
| Q2 25 | $390.5M | $504.8M | ||
| Q1 25 | $351.0M | $456.5M | ||
| Q4 24 | $250.4M | $477.0M | ||
| Q3 24 | $551.3M | $554.3M | ||
| Q2 24 | $318.4M | $563.2M | ||
| Q1 24 | $333.8M | $497.6M |
| Q4 25 | $15.4M | $29.7M | ||
| Q3 25 | $86.9M | $23.8M | ||
| Q2 25 | $32.9M | $16.4M | ||
| Q1 25 | $31.6M | $-13.9M | ||
| Q4 24 | $16.5M | $-10.2M | ||
| Q3 24 | $81.5M | $22.8M | ||
| Q2 24 | $38.7M | $26.8M | ||
| Q1 24 | $45.0M | $13.0M |
| Q4 25 | 20.1% | 25.6% | ||
| Q3 25 | 22.3% | 24.1% | ||
| Q2 25 | 20.4% | 22.6% | ||
| Q1 25 | 22.6% | 23.2% | ||
| Q4 24 | 22.0% | 17.5% | ||
| Q3 24 | 23.9% | 21.9% | ||
| Q2 24 | 22.5% | 21.6% | ||
| Q1 24 | 24.9% | 19.3% |
| Q4 25 | 7.6% | 11.5% | ||
| Q3 25 | 16.9% | 10.7% | ||
| Q2 25 | 11.2% | 7.7% | ||
| Q1 25 | 11.6% | 5.9% | ||
| Q4 24 | 8.7% | 1.3% | ||
| Q3 24 | 19.7% | 9.0% | ||
| Q2 24 | 16.2% | 10.2% | ||
| Q1 24 | 17.6% | 7.0% |
| Q4 25 | 5.6% | 6.9% | ||
| Q3 25 | 13.0% | 4.9% | ||
| Q2 25 | 8.4% | 3.2% | ||
| Q1 25 | 9.0% | -3.0% | ||
| Q4 24 | 6.6% | -2.1% | ||
| Q3 24 | 14.8% | 4.1% | ||
| Q2 24 | 12.2% | 4.8% | ||
| Q1 24 | 13.5% | 2.6% |
| Q4 25 | $0.30 | $1.44 | ||
| Q3 25 | $1.70 | $1.17 | ||
| Q2 25 | $0.65 | $0.81 | ||
| Q1 25 | $0.62 | $-0.68 | ||
| Q4 24 | $0.32 | $-0.47 | ||
| Q3 24 | $1.59 | $1.09 | ||
| Q2 24 | $0.76 | $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 | $211.7M | — |
| Total DebtLower is stronger | $793.2M | $928.3M |
| Stockholders' EquityBook value | $1.8B | $574.0M |
| Total Assets | $3.2B | $1.9B |
| Debt / EquityLower = less leverage | 0.44× | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | — | ||
| Q2 25 | $189.2M | — | ||
| Q1 25 | $174.3M | — | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | — | ||
| Q2 24 | $359.2M | — | ||
| Q1 24 | $416.2M | — |
| Q4 25 | $793.2M | $928.3M | ||
| Q3 25 | $802.7M | $932.9M | ||
| Q2 25 | $872.8M | $977.5M | ||
| Q1 25 | $872.5M | $989.0M | ||
| Q4 24 | $806.8M | $939.5M | ||
| Q3 24 | $706.4M | $989.4M | ||
| Q2 24 | $706.1M | $1.0B | ||
| Q1 24 | $705.7M | $877.6M |
| Q4 25 | $1.8B | $574.0M | ||
| Q3 25 | $1.8B | $545.6M | ||
| Q2 25 | $1.7B | $526.8M | ||
| Q1 25 | $1.6B | $498.0M | ||
| Q4 24 | $1.6B | $488.7M | ||
| Q3 24 | $1.6B | $532.3M | ||
| Q2 24 | $1.5B | $509.2M | ||
| Q1 24 | $1.5B | $505.8M |
| Q4 25 | $3.2B | $1.9B | ||
| Q3 25 | $3.1B | $1.9B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $2.8B | $2.0B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.6B | $1.8B |
| Q4 25 | 0.44× | 1.62× | ||
| Q3 25 | 0.45× | 1.71× | ||
| Q2 25 | 0.52× | 1.86× | ||
| Q1 25 | 0.53× | 1.99× | ||
| Q4 24 | 0.50× | 1.92× | ||
| Q3 24 | 0.44× | 1.86× | ||
| Q2 24 | 0.47× | 1.97× | ||
| Q1 24 | 0.48× | 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 | $-157.0M | $45.1M |
| Free Cash FlowOCF − Capex | $-157.1M | $28.5M |
| FCF MarginFCF / Revenue | -57.5% | 6.6% |
| Capex IntensityCapex / Revenue | 0.0% | 3.8% |
| Cash ConversionOCF / Net Profit | -10.19× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $45.1M | ||
| Q3 25 | $256.3M | $49.6M | ||
| Q2 25 | $15.8M | $50.5M | ||
| Q1 25 | $-19.8M | $-22.7M | ||
| Q4 24 | $-450.0M | $74.7M | ||
| Q3 24 | $119.2M | $29.8M | ||
| Q2 24 | $-61.7M | $27.2M | ||
| Q1 24 | $-59.2M | $-12.3M |
| Q4 25 | $-157.1M | $28.5M | ||
| Q3 25 | $255.6M | $37.6M | ||
| Q2 25 | $15.0M | $38.4M | ||
| Q1 25 | $-20.5M | $-37.0M | ||
| Q4 24 | — | $56.1M | ||
| Q3 24 | $118.4M | $14.4M | ||
| Q2 24 | $-62.3M | $10.1M | ||
| Q1 24 | $-59.8M | $-38.6M |
| Q4 25 | -57.5% | 6.6% | ||
| Q3 25 | 38.1% | 7.7% | ||
| Q2 25 | 3.8% | 7.6% | ||
| Q1 25 | -5.8% | -8.1% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | 21.5% | 2.6% | ||
| Q2 24 | -19.6% | 1.8% | ||
| Q1 24 | -17.9% | -7.8% |
| Q4 25 | 0.0% | 3.8% | ||
| Q3 25 | 0.1% | 2.5% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.2% | 3.1% | ||
| Q4 24 | 0.0% | 3.9% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.2% | 3.0% | ||
| Q1 24 | 0.2% | 5.3% |
| Q4 25 | -10.19× | 1.52× | ||
| Q3 25 | 2.95× | 2.08× | ||
| Q2 25 | 0.48× | 3.08× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 1.31× | ||
| Q2 24 | -1.59× | 1.01× | ||
| Q1 24 | -1.32× | -0.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
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% |
