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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.

Mid-America Apartment Communities is the larger business by last-quarter revenue ($553.7M vs $432.7M, roughly 1.3× Koppers Holdings Inc.). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs -9.3%). Over the past eight quarters, Mid-America Apartment Communities's revenue compounded faster (0.7% CAGR vs -6.7%).

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.

Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.

KOP vs MAA — Head-to-Head

Bigger by revenue
MAA
MAA
1.3× larger
MAA
$553.7M
$432.7M
KOP
Growing faster (revenue YoY)
MAA
MAA
+448.0% gap
MAA
438.7%
-9.3%
KOP
Faster 2-yr revenue CAGR
MAA
MAA
Annualised
MAA
0.7%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KOP
KOP
MAA
MAA
Revenue
$432.7M
$553.7M
Net Profit
$29.7M
Gross Margin
25.6%
Operating Margin
11.5%
Net Margin
6.9%
Revenue YoY
-9.3%
438.7%
Net Profit YoY
391.2%
EPS (diluted)
$1.44
$4.34

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
KOP
KOP
MAA
MAA
Q1 26
$553.7M
Q4 25
$432.7M
$555.6M
Q3 25
$485.3M
$554.4M
Q2 25
$504.8M
$549.9M
Q1 25
$456.5M
$549.3M
Q4 24
$477.0M
$549.8M
Q3 24
$554.3M
$551.1M
Q2 24
$563.2M
$546.4M
Net Profit
KOP
KOP
MAA
MAA
Q1 26
Q4 25
$29.7M
$57.6M
Q3 25
$23.8M
$99.5M
Q2 25
$16.4M
$108.1M
Q1 25
$-13.9M
$181.7M
Q4 24
$-10.2M
$166.6M
Q3 24
$22.8M
$115.2M
Q2 24
$26.8M
$102.0M
Gross Margin
KOP
KOP
MAA
MAA
Q1 26
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%
Operating Margin
KOP
KOP
MAA
MAA
Q1 26
Q4 25
11.5%
10.4%
Q3 25
10.7%
18.7%
Q2 25
7.7%
20.2%
Q1 25
5.9%
34.0%
Q4 24
1.3%
31.3%
Q3 24
9.0%
21.5%
Q2 24
10.2%
19.3%
Net Margin
KOP
KOP
MAA
MAA
Q1 26
Q4 25
6.9%
10.4%
Q3 25
4.9%
18.0%
Q2 25
3.2%
19.7%
Q1 25
-3.0%
33.1%
Q4 24
-2.1%
30.3%
Q3 24
4.1%
20.9%
Q2 24
4.8%
18.7%
EPS (diluted)
KOP
KOP
MAA
MAA
Q1 26
$4.34
Q4 25
$1.44
$0.48
Q3 25
$1.17
$0.84
Q2 25
$0.81
$0.92
Q1 25
$-0.68
$1.54
Q4 24
$-0.47
$1.43
Q3 24
$1.09
$0.98
Q2 24
$1.25
$0.86

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KOP
KOP
MAA
MAA
Q1 26
Q4 25
$60.3M
Q3 25
$32.2M
Q2 25
$54.5M
Q1 25
$55.8M
Q4 24
$43.0M
Q3 24
$50.2M
Q2 24
$62.8M
Total Debt
KOP
KOP
MAA
MAA
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
Stockholders' Equity
KOP
KOP
MAA
MAA
Q1 26
Q4 25
$574.0M
$5.7B
Q3 25
$545.6M
$5.8B
Q2 25
$526.8M
$5.9B
Q1 25
$498.0M
$5.9B
Q4 24
$488.7M
$5.9B
Q3 24
$532.3M
$5.9B
Q2 24
$509.2M
$6.0B
Total Assets
KOP
KOP
MAA
MAA
Q1 26
Q4 25
$1.9B
$12.0B
Q3 25
$1.9B
$11.9B
Q2 25
$1.9B
$11.8B
Q1 25
$1.9B
$11.8B
Q4 24
$1.9B
$11.8B
Q3 24
$2.0B
$11.8B
Q2 24
$1.9B
$11.6B
Debt / Equity
KOP
KOP
MAA
MAA
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
KOP
KOP
MAA
MAA
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.

Operating Cash Flow
KOP
KOP
MAA
MAA
Q1 26
Q4 25
$45.1M
$261.7M
Q3 25
$49.6M
$266.4M
Q2 25
$50.5M
$353.4M
Q1 25
$-22.7M
$196.6M
Q4 24
$74.7M
$239.1M
Q3 24
$29.8M
$309.5M
Q2 24
$27.2M
$349.4M
Free Cash Flow
KOP
KOP
MAA
MAA
Q1 26
Q4 25
$28.5M
$158.6M
Q3 25
$37.6M
$170.8M
Q2 25
$38.4M
$264.5M
Q1 25
$-37.0M
$124.0M
Q4 24
$56.1M
$152.6M
Q3 24
$14.4M
$215.5M
Q2 24
$10.1M
$259.7M
FCF Margin
KOP
KOP
MAA
MAA
Q1 26
Q4 25
6.6%
28.5%
Q3 25
7.7%
30.8%
Q2 25
7.6%
48.1%
Q1 25
-8.1%
22.6%
Q4 24
11.8%
27.8%
Q3 24
2.6%
39.1%
Q2 24
1.8%
47.5%
Capex Intensity
KOP
KOP
MAA
MAA
Q1 26
Q4 25
3.8%
18.6%
Q3 25
2.5%
17.2%
Q2 25
2.4%
16.2%
Q1 25
3.1%
13.2%
Q4 24
3.9%
15.7%
Q3 24
2.8%
17.1%
Q2 24
3.0%
16.4%
Cash Conversion
KOP
KOP
MAA
MAA
Q1 26
Q4 25
1.52×
4.55×
Q3 25
2.08×
2.68×
Q2 25
3.08×
3.27×
Q1 25
1.08×
Q4 24
1.43×
Q3 24
1.31×
2.69×
Q2 24
1.01×
3.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

MAA
MAA

Same Store Communities$517.0M93%
Non-Same Store Communities$22.1M4%
Lease-up/Development Communities$7.7M1%
Commercial Property/Land$7.0M1%

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