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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) 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 $256.5M, roughly 1.7× Great Lakes Dredge & Dock CORP). Koppers Holdings Inc. runs the higher net margin — 6.9% vs 4.9%, a 1.9% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs -9.3%). Great Lakes Dredge & Dock CORP produced more free cash flow last quarter ($50.3M vs $28.5M). Over the past eight quarters, Great Lakes Dredge & Dock CORP's revenue compounded faster (13.6% CAGR vs -6.7%).

Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.

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.

GLDD vs KOP — Head-to-Head

Bigger by revenue
KOP
KOP
1.7× larger
KOP
$432.7M
$256.5M
GLDD
Growing faster (revenue YoY)
GLDD
GLDD
+35.8% gap
GLDD
26.5%
-9.3%
KOP
Higher net margin
KOP
KOP
1.9% more per $
KOP
6.9%
4.9%
GLDD
More free cash flow
GLDD
GLDD
$21.8M more FCF
GLDD
$50.3M
$28.5M
KOP
Faster 2-yr revenue CAGR
GLDD
GLDD
Annualised
GLDD
13.6%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GLDD
GLDD
KOP
KOP
Revenue
$256.5M
$432.7M
Net Profit
$12.6M
$29.7M
Gross Margin
20.9%
25.6%
Operating Margin
12.7%
11.5%
Net Margin
4.9%
6.9%
Revenue YoY
26.5%
-9.3%
Net Profit YoY
-35.9%
391.2%
EPS (diluted)
$0.19
$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
GLDD
GLDD
KOP
KOP
Q4 25
$256.5M
$432.7M
Q3 25
$195.2M
$485.3M
Q2 25
$193.8M
$504.8M
Q1 25
$242.9M
$456.5M
Q4 24
$202.8M
$477.0M
Q3 24
$191.2M
$554.3M
Q2 24
$170.1M
$563.2M
Q1 24
$198.7M
$497.6M
Net Profit
GLDD
GLDD
KOP
KOP
Q4 25
$12.6M
$29.7M
Q3 25
$17.7M
$23.8M
Q2 25
$9.7M
$16.4M
Q1 25
$33.4M
$-13.9M
Q4 24
$19.7M
$-10.2M
Q3 24
$8.9M
$22.8M
Q2 24
$7.7M
$26.8M
Q1 24
$21.0M
$13.0M
Gross Margin
GLDD
GLDD
KOP
KOP
Q4 25
20.9%
25.6%
Q3 25
22.4%
24.1%
Q2 25
18.9%
22.6%
Q1 25
28.6%
23.2%
Q4 24
24.1%
17.5%
Q3 24
19.0%
21.9%
Q2 24
17.5%
21.6%
Q1 24
22.9%
19.3%
Operating Margin
GLDD
GLDD
KOP
KOP
Q4 25
12.7%
11.5%
Q3 25
14.4%
10.7%
Q2 25
8.8%
7.7%
Q1 25
20.6%
5.9%
Q4 24
14.8%
1.3%
Q3 24
8.7%
9.0%
Q2 24
8.6%
10.2%
Q1 24
15.8%
7.0%
Net Margin
GLDD
GLDD
KOP
KOP
Q4 25
4.9%
6.9%
Q3 25
9.1%
4.9%
Q2 25
5.0%
3.2%
Q1 25
13.8%
-3.0%
Q4 24
9.7%
-2.1%
Q3 24
4.6%
4.1%
Q2 24
4.5%
4.8%
Q1 24
10.6%
2.6%
EPS (diluted)
GLDD
GLDD
KOP
KOP
Q4 25
$0.19
$1.44
Q3 25
$0.26
$1.17
Q2 25
$0.14
$0.81
Q1 25
$0.49
$-0.68
Q4 24
$0.29
$-0.47
Q3 24
$0.13
$1.09
Q2 24
$0.11
$1.25
Q1 24
$0.31
$0.59

Balance Sheet & Financial Strength

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

Metric
GLDD
GLDD
KOP
KOP
Cash + ST InvestmentsLiquidity on hand
$13.4M
Total DebtLower is stronger
$378.2M
$928.3M
Stockholders' EquityBook value
$517.1M
$574.0M
Total Assets
$1.3B
$1.9B
Debt / EquityLower = less leverage
0.73×
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLDD
GLDD
KOP
KOP
Q4 25
$13.4M
Q3 25
$12.7M
Q2 25
$2.9M
Q1 25
$11.3M
Q4 24
$10.2M
Q3 24
$12.0M
Q2 24
$23.1M
Q1 24
$22.8M
Total Debt
GLDD
GLDD
KOP
KOP
Q4 25
$378.2M
$928.3M
Q3 25
$932.9M
Q2 25
$977.5M
Q1 25
$989.0M
Q4 24
$448.2M
$939.5M
Q3 24
$989.4M
Q2 24
$1.0B
Q1 24
$877.6M
Stockholders' Equity
GLDD
GLDD
KOP
KOP
Q4 25
$517.1M
$574.0M
Q3 25
$502.1M
$545.6M
Q2 25
$481.9M
$526.8M
Q1 25
$479.9M
$498.0M
Q4 24
$448.9M
$488.7M
Q3 24
$425.4M
$532.3M
Q2 24
$418.0M
$509.2M
Q1 24
$409.0M
$505.8M
Total Assets
GLDD
GLDD
KOP
KOP
Q4 25
$1.3B
$1.9B
Q3 25
$1.3B
$1.9B
Q2 25
$1.2B
$1.9B
Q1 25
$1.2B
$1.9B
Q4 24
$1.3B
$1.9B
Q3 24
$1.1B
$2.0B
Q2 24
$1.1B
$1.9B
Q1 24
$1.1B
$1.8B
Debt / Equity
GLDD
GLDD
KOP
KOP
Q4 25
0.73×
1.62×
Q3 25
1.71×
Q2 25
1.86×
Q1 25
1.99×
Q4 24
1.00×
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
GLDD
GLDD
KOP
KOP
Operating Cash FlowLast quarter
$79.7M
$45.1M
Free Cash FlowOCF − Capex
$50.3M
$28.5M
FCF MarginFCF / Revenue
19.6%
6.6%
Capex IntensityCapex / Revenue
11.5%
3.8%
Cash ConversionOCF / Net Profit
6.31×
1.52×
TTM Free Cash FlowTrailing 4 quarters
$99.5M
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLDD
GLDD
KOP
KOP
Q4 25
$79.7M
$45.1M
Q3 25
$49.2M
$49.6M
Q2 25
$56.9M
$50.5M
Q1 25
$60.9M
$-22.7M
Q4 24
$-13.5M
$74.7M
Q3 24
$26.8M
$29.8M
Q2 24
$18.4M
$27.2M
Q1 24
$38.4M
$-12.3M
Free Cash Flow
GLDD
GLDD
KOP
KOP
Q4 25
$50.3M
$28.5M
Q3 25
$13.2M
$37.6M
Q2 25
$-3.7M
$38.4M
Q1 25
$39.6M
$-37.0M
Q4 24
$-36.1M
$56.1M
Q3 24
$-11.5M
$14.4M
Q2 24
$-34.0M
$10.1M
Q1 24
$26.5M
$-38.6M
FCF Margin
GLDD
GLDD
KOP
KOP
Q4 25
19.6%
6.6%
Q3 25
6.8%
7.7%
Q2 25
-1.9%
7.6%
Q1 25
16.3%
-8.1%
Q4 24
-17.8%
11.8%
Q3 24
-6.0%
2.6%
Q2 24
-20.0%
1.8%
Q1 24
13.4%
-7.8%
Capex Intensity
GLDD
GLDD
KOP
KOP
Q4 25
11.5%
3.8%
Q3 25
18.4%
2.5%
Q2 25
31.3%
2.4%
Q1 25
8.7%
3.1%
Q4 24
11.2%
3.9%
Q3 24
20.0%
2.8%
Q2 24
30.8%
3.0%
Q1 24
6.0%
5.3%
Cash Conversion
GLDD
GLDD
KOP
KOP
Q4 25
6.31×
1.52×
Q3 25
2.77×
2.08×
Q2 25
5.87×
3.08×
Q1 25
1.82×
Q4 24
-0.69×
Q3 24
3.02×
1.31×
Q2 24
2.39×
1.01×
Q1 24
1.83×
-0.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLDD
GLDD

Segment breakdown not available.

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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