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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $432.7M, roughly 1.9× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -5.9%, a 12.8% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% 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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
KOP vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $432.7M | $805.0M |
| Net Profit | $29.7M | $-47.4M |
| Gross Margin | 25.6% | 23.1% |
| Operating Margin | 11.5% | 11.1% |
| Net Margin | 6.9% | -5.9% |
| Revenue YoY | -9.3% | 30.5% |
| Net Profit YoY | 391.2% | -215.6% |
| EPS (diluted) | $1.44 | $-0.90 |
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 | $432.7M | $805.0M | ||
| Q3 25 | $485.3M | $738.9M | ||
| Q2 25 | $504.8M | $682.8M | ||
| Q1 25 | $456.5M | $647.2M | ||
| Q4 24 | $477.0M | $616.8M | ||
| Q3 24 | $554.3M | $658.0M | ||
| Q2 24 | $563.2M | $661.5M | ||
| Q1 24 | $497.6M | $603.5M |
| Q4 25 | $29.7M | $-47.4M | ||
| Q3 25 | $23.8M | $44.4M | ||
| Q2 25 | $16.4M | $51.2M | ||
| Q1 25 | $-13.9M | $49.6M | ||
| Q4 24 | $-10.2M | $41.0M | ||
| Q3 24 | $22.8M | $46.1M | ||
| Q2 24 | $26.8M | $47.3M | ||
| Q1 24 | $13.0M | $25.8M |
| Q4 25 | 25.6% | 23.1% | ||
| Q3 25 | 24.1% | 22.3% | ||
| Q2 25 | 22.6% | 24.2% | ||
| Q1 25 | 23.2% | 25.6% | ||
| Q4 24 | 17.5% | 24.3% | ||
| Q3 24 | 21.9% | 25.2% | ||
| Q2 24 | 21.6% | 24.6% | ||
| Q1 24 | 19.3% | 22.4% |
| Q4 25 | 11.5% | 11.1% | ||
| Q3 25 | 10.7% | 9.9% | ||
| Q2 25 | 7.7% | 11.1% | ||
| Q1 25 | 5.9% | 11.5% | ||
| Q4 24 | 1.3% | 9.6% | ||
| Q3 24 | 9.0% | 11.4% | ||
| Q2 24 | 10.2% | 11.2% | ||
| Q1 24 | 7.0% | 7.8% |
| Q4 25 | 6.9% | -5.9% | ||
| Q3 25 | 4.9% | 6.0% | ||
| Q2 25 | 3.2% | 7.5% | ||
| Q1 25 | -3.0% | 7.7% | ||
| Q4 24 | -2.1% | 6.6% | ||
| Q3 24 | 4.1% | 7.0% | ||
| Q2 24 | 4.8% | 7.2% | ||
| Q1 24 | 2.6% | 4.3% |
| Q4 25 | $1.44 | $-0.90 | ||
| Q3 25 | $1.17 | $0.83 | ||
| Q2 25 | $0.81 | $0.95 | ||
| Q1 25 | $-0.68 | $0.92 | ||
| Q4 24 | $-0.47 | $0.76 | ||
| Q3 24 | $1.09 | $0.86 | ||
| Q2 24 | $1.25 | $0.88 | ||
| Q1 24 | $0.59 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $98.7M |
| Total DebtLower is stronger | $928.3M | $570.7M |
| Stockholders' EquityBook value | $574.0M | $1.1B |
| Total Assets | $1.9B | $2.5B |
| Debt / EquityLower = less leverage | 1.62× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $83.8M | ||
| Q2 25 | — | $124.5M | ||
| Q1 25 | — | $71.6M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | — | $78.6M | ||
| Q2 24 | — | $72.9M | ||
| Q1 24 | — | $60.1M |
| Q4 25 | $928.3M | $570.7M | ||
| Q3 25 | $932.9M | $525.8M | ||
| Q2 25 | $977.5M | $482.1M | ||
| Q1 25 | $989.0M | $296.7M | ||
| Q4 24 | $939.5M | $330.0M | ||
| Q3 24 | $989.4M | $359.1M | ||
| Q2 24 | $1.0B | $405.7M | ||
| Q1 24 | $877.6M | $399.9M |
| Q4 25 | $574.0M | $1.1B | ||
| Q3 25 | $545.6M | $1.1B | ||
| Q2 25 | $526.8M | $1.0B | ||
| Q1 25 | $498.0M | $910.2M | ||
| Q4 24 | $488.7M | $855.1M | ||
| Q3 24 | $532.3M | $858.8M | ||
| Q2 24 | $509.2M | $788.4M | ||
| Q1 24 | $505.8M | $747.6M |
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.9B | $2.4B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $2.0B | $1.9B | ||
| Q2 24 | $1.9B | $1.9B | ||
| Q1 24 | $1.8B | $1.9B |
| Q4 25 | 1.62× | 0.51× | ||
| Q3 25 | 1.71× | 0.50× | ||
| Q2 25 | 1.86× | 0.48× | ||
| Q1 25 | 1.99× | 0.33× | ||
| Q4 24 | 1.92× | 0.39× | ||
| Q3 24 | 1.86× | 0.42× | ||
| Q2 24 | 1.97× | 0.51× | ||
| Q1 24 | 1.74× | 0.53× |
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 | $45.1M | $24.7M |
| Free Cash FlowOCF − Capex | $28.5M | $-17.1M |
| FCF MarginFCF / Revenue | 6.6% | -2.1% |
| Capex IntensityCapex / Revenue | 3.8% | 5.2% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $24.7M | ||
| Q3 25 | $49.6M | $1.4M | ||
| Q2 25 | $50.5M | $27.7M | ||
| Q1 25 | $-22.7M | $54.8M | ||
| Q4 24 | $74.7M | $60.7M | ||
| Q3 24 | $29.8M | $57.3M | ||
| Q2 24 | $27.2M | $40.5M | ||
| Q1 24 | $-12.3M | $39.6M |
| Q4 25 | $28.5M | $-17.1M | ||
| Q3 25 | $37.6M | $-30.5M | ||
| Q2 25 | $38.4M | $200.0K | ||
| Q1 25 | $-37.0M | $27.1M | ||
| Q4 24 | $56.1M | $44.7M | ||
| Q3 24 | $14.4M | $43.8M | ||
| Q2 24 | $10.1M | $13.7M | ||
| Q1 24 | $-38.6M | $-4.3M |
| Q4 25 | 6.6% | -2.1% | ||
| Q3 25 | 7.7% | -4.1% | ||
| Q2 25 | 7.6% | 0.0% | ||
| Q1 25 | -8.1% | 4.2% | ||
| Q4 24 | 11.8% | 7.2% | ||
| Q3 24 | 2.6% | 6.7% | ||
| Q2 24 | 1.8% | 2.1% | ||
| Q1 24 | -7.8% | -0.7% |
| Q4 25 | 3.8% | 5.2% | ||
| Q3 25 | 2.5% | 4.3% | ||
| Q2 25 | 2.4% | 4.0% | ||
| Q1 25 | 3.1% | 4.3% | ||
| Q4 24 | 3.9% | 2.6% | ||
| Q3 24 | 2.8% | 2.1% | ||
| Q2 24 | 3.0% | 4.1% | ||
| Q1 24 | 5.3% | 7.3% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 2.08× | 0.03× | ||
| Q2 25 | 3.08× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 1.31× | 1.24× | ||
| Q2 24 | 1.01× | 0.86× | ||
| Q1 24 | -0.95× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
