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Side-by-side financial comparison of Guardant Health, Inc. (GH) 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 $281.3M, roughly 1.5× Guardant Health, Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -45.7%, a 52.5% gap on every dollar of revenue. On growth, Guardant Health, Inc. posted the faster year-over-year revenue change (39.4% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $-54.2M). Over the past eight quarters, Guardant Health, Inc.'s revenue compounded faster (29.2% CAGR vs -6.7%).

Guardant Health, Inc. is an American biotechnology company based in Palo Alto, California. Co-founders Helmy Eltoukhy and AmirAli Talasaz serve as co-chief executive officers.

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.

GH vs KOP — Head-to-Head

Bigger by revenue
KOP
KOP
1.5× larger
KOP
$432.7M
$281.3M
GH
Growing faster (revenue YoY)
GH
GH
+48.7% gap
GH
39.4%
-9.3%
KOP
Higher net margin
KOP
KOP
52.5% more per $
KOP
6.9%
-45.7%
GH
More free cash flow
KOP
KOP
$82.7M more FCF
KOP
$28.5M
$-54.2M
GH
Faster 2-yr revenue CAGR
GH
GH
Annualised
GH
29.2%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GH
GH
KOP
KOP
Revenue
$281.3M
$432.7M
Net Profit
$-128.5M
$29.7M
Gross Margin
64.6%
25.6%
Operating Margin
-43.0%
11.5%
Net Margin
-45.7%
6.9%
Revenue YoY
39.4%
-9.3%
Net Profit YoY
-15.8%
391.2%
EPS (diluted)
$-1.01
$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.

Revenue
GH
GH
KOP
KOP
Q4 25
$281.3M
$432.7M
Q3 25
$265.2M
$485.3M
Q2 25
$232.1M
$504.8M
Q1 25
$203.5M
$456.5M
Q4 24
$201.8M
$477.0M
Q3 24
$191.5M
$554.3M
Q2 24
$177.2M
$563.2M
Q1 24
$168.5M
$497.6M
Net Profit
GH
GH
KOP
KOP
Q4 25
$-128.5M
$29.7M
Q3 25
$-92.7M
$23.8M
Q2 25
$-99.9M
$16.4M
Q1 25
$-95.2M
$-13.9M
Q4 24
$-111.0M
$-10.2M
Q3 24
$-107.8M
$22.8M
Q2 24
$-102.6M
$26.8M
Q1 24
$-115.0M
$13.0M
Gross Margin
GH
GH
KOP
KOP
Q4 25
64.6%
25.6%
Q3 25
64.7%
24.1%
Q2 25
65.0%
22.6%
Q1 25
63.3%
23.2%
Q4 24
61.6%
17.5%
Q3 24
61.1%
21.9%
Q2 24
59.1%
21.6%
Q1 24
61.2%
19.3%
Operating Margin
GH
GH
KOP
KOP
Q4 25
-43.0%
11.5%
Q3 25
-37.3%
10.7%
Q2 25
-45.9%
7.7%
Q1 25
-54.6%
5.9%
Q4 24
-62.4%
1.3%
Q3 24
-61.3%
9.0%
Q2 24
-56.8%
10.2%
Q1 24
-59.2%
7.0%
Net Margin
GH
GH
KOP
KOP
Q4 25
-45.7%
6.9%
Q3 25
-35.0%
4.9%
Q2 25
-43.0%
3.2%
Q1 25
-46.8%
-3.0%
Q4 24
-55.0%
-2.1%
Q3 24
-56.3%
4.1%
Q2 24
-57.9%
4.8%
Q1 24
-68.2%
2.6%
EPS (diluted)
GH
GH
KOP
KOP
Q4 25
$-1.01
$1.44
Q3 25
$-0.74
$1.17
Q2 25
$-0.80
$0.81
Q1 25
$-0.77
$-0.68
Q4 24
$-0.90
$-0.47
Q3 24
$-0.88
$1.09
Q2 24
$-0.84
$1.25
Q1 24
$-0.94
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GH
GH
KOP
KOP
Cash + ST InvestmentsLiquidity on hand
$378.2M
Total DebtLower is stronger
$1.5B
$928.3M
Stockholders' EquityBook value
$-99.3M
$574.0M
Total Assets
$2.0B
$1.9B
Debt / EquityLower = less leverage
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GH
GH
KOP
KOP
Q4 25
$378.2M
Q3 25
$580.0M
Q2 25
$629.1M
Q1 25
$698.6M
Q4 24
$525.5M
Q3 24
$585.0M
Q2 24
$933.7M
Q1 24
$1.0B
Total Debt
GH
GH
KOP
KOP
Q4 25
$1.5B
$928.3M
Q3 25
$1.1B
$932.9M
Q2 25
$1.1B
$977.5M
Q1 25
$1.1B
$989.0M
Q4 24
$1.1B
$939.5M
Q3 24
$989.4M
Q2 24
$1.0B
Q1 24
$877.6M
Stockholders' Equity
GH
GH
KOP
KOP
Q4 25
$-99.3M
$574.0M
Q3 25
$-354.5M
$545.6M
Q2 25
$-305.5M
$526.8M
Q1 25
$-250.8M
$498.0M
Q4 24
$-139.6M
$488.7M
Q3 24
$-60.1M
$532.3M
Q2 24
$-1.6M
$509.2M
Q1 24
$68.3M
$505.8M
Total Assets
GH
GH
KOP
KOP
Q4 25
$2.0B
$1.9B
Q3 25
$1.3B
$1.9B
Q2 25
$1.3B
$1.9B
Q1 25
$1.3B
$1.9B
Q4 24
$1.5B
$1.9B
Q3 24
$1.5B
$2.0B
Q2 24
$1.6B
$1.9B
Q1 24
$1.7B
$1.8B
Debt / Equity
GH
GH
KOP
KOP
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×
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
GH
GH
KOP
KOP
Operating Cash FlowLast quarter
$-26.4M
$45.1M
Free Cash FlowOCF − Capex
$-54.2M
$28.5M
FCF MarginFCF / Revenue
-19.3%
6.6%
Capex IntensityCapex / Revenue
9.9%
3.8%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$-233.1M
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GH
GH
KOP
KOP
Q4 25
$-26.4M
$45.1M
Q3 25
$-35.4M
$49.6M
Q2 25
$-60.3M
$50.5M
Q1 25
$-62.7M
$-22.7M
Q4 24
$-64.5M
$74.7M
Q3 24
$-51.1M
$29.8M
Q2 24
$-94.0M
$27.2M
Q1 24
$-30.3M
$-12.3M
Free Cash Flow
GH
GH
KOP
KOP
Q4 25
$-54.2M
$28.5M
Q3 25
$-45.8M
$37.6M
Q2 25
$-65.9M
$38.4M
Q1 25
$-67.1M
$-37.0M
Q4 24
$-83.4M
$56.1M
Q3 24
$-55.3M
$14.4M
Q2 24
$-99.1M
$10.1M
Q1 24
$-37.2M
$-38.6M
FCF Margin
GH
GH
KOP
KOP
Q4 25
-19.3%
6.6%
Q3 25
-17.3%
7.7%
Q2 25
-28.4%
7.6%
Q1 25
-33.0%
-8.1%
Q4 24
-41.3%
11.8%
Q3 24
-28.9%
2.6%
Q2 24
-55.9%
1.8%
Q1 24
-22.1%
-7.8%
Capex Intensity
GH
GH
KOP
KOP
Q4 25
9.9%
3.8%
Q3 25
3.9%
2.5%
Q2 25
2.4%
2.4%
Q1 25
2.2%
3.1%
Q4 24
9.4%
3.9%
Q3 24
2.2%
2.8%
Q2 24
2.9%
3.0%
Q1 24
4.1%
5.3%
Cash Conversion
GH
GH
KOP
KOP
Q4 25
1.52×
Q3 25
2.08×
Q2 25
3.08×
Q1 25
Q4 24
Q3 24
1.31×
Q2 24
1.01×
Q1 24
-0.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GH
GH

Oncology$189.9M68%
Biopharma Data$54.0M19%
Screening$35.1M12%
Licensing Other$2.2M1%

KOP
KOP

Other$127.8M30%
Railroad Treated Products$119.0M28%
Utility Poles$79.8M18%
Pitch And Related Products$74.1M17%
Carbon Black Feedstock And Distillates$14.4M3%
Railroad Infrastructure Products And Services$9.9M2%
Phthalic Anhydride Naphthalene And Other Chemicals$7.7M2%

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