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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $432.7M, roughly 1.9× Koppers Holdings Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 6.9%, a 27.7% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -9.3%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $28.5M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
KOP vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $432.7M | $822.5M |
| Net Profit | $29.7M | $284.7M |
| Gross Margin | 25.6% | — |
| Operating Margin | 11.5% | 56.4% |
| Net Margin | 6.9% | 34.6% |
| Revenue YoY | -9.3% | 10.6% |
| Net Profit YoY | 391.2% | -6.8% |
| EPS (diluted) | $1.44 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $485.3M | $793.4M | ||
| Q2 25 | $504.8M | $772.7M | ||
| Q1 25 | $456.5M | $745.8M | ||
| Q4 24 | $477.0M | $743.5M | ||
| Q3 24 | $554.3M | $724.7M | ||
| Q2 24 | $563.2M | $707.9M | ||
| Q1 24 | $497.6M | $680.0M |
| Q4 25 | $29.7M | $284.7M | ||
| Q3 25 | $23.8M | $325.4M | ||
| Q2 25 | $16.4M | $303.6M | ||
| Q1 25 | $-13.9M | $288.6M | ||
| Q4 24 | $-10.2M | $305.5M | ||
| Q3 24 | $22.8M | $280.9M | ||
| Q2 24 | $26.8M | $266.8M | ||
| Q1 24 | $13.0M | $256.0M |
| 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% | — | ||
| Q1 24 | 19.3% | — |
| Q4 25 | 11.5% | 56.4% | ||
| Q3 25 | 10.7% | 56.4% | ||
| Q2 25 | 7.7% | 55.0% | ||
| Q1 25 | 5.9% | 50.6% | ||
| Q4 24 | 1.3% | 54.5% | ||
| Q3 24 | 9.0% | 55.4% | ||
| Q2 24 | 10.2% | 54.0% | ||
| Q1 24 | 7.0% | 49.9% |
| Q4 25 | 6.9% | 34.6% | ||
| Q3 25 | 4.9% | 41.0% | ||
| Q2 25 | 3.2% | 39.3% | ||
| Q1 25 | -3.0% | 38.7% | ||
| Q4 24 | -2.1% | 41.1% | ||
| Q3 24 | 4.1% | 38.8% | ||
| Q2 24 | 4.8% | 37.7% | ||
| Q1 24 | 2.6% | 37.6% |
| Q4 25 | $1.44 | $3.81 | ||
| Q3 25 | $1.17 | $4.25 | ||
| Q2 25 | $0.81 | $3.92 | ||
| Q1 25 | $-0.68 | $3.71 | ||
| Q4 24 | $-0.47 | $3.89 | ||
| Q3 24 | $1.09 | $3.57 | ||
| Q2 24 | $1.25 | $3.37 | ||
| Q1 24 | $0.59 | $3.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $515.3M |
| Total DebtLower is stronger | $928.3M | $6.2B |
| Stockholders' EquityBook value | $574.0M | $-2.7B |
| Total Assets | $1.9B | $5.7B |
| Debt / EquityLower = less leverage | 1.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $515.3M | ||
| Q3 25 | — | $400.1M | ||
| Q2 25 | — | $347.3M | ||
| Q1 25 | — | $360.7M | ||
| Q4 24 | — | $409.4M | ||
| Q3 24 | — | $501.0M | ||
| Q2 24 | — | $451.4M | ||
| Q1 24 | — | $519.3M |
| Q4 25 | $928.3M | $6.2B | ||
| Q3 25 | $932.9M | $5.5B | ||
| Q2 25 | $977.5M | $4.5B | ||
| Q1 25 | $989.0M | $4.5B | ||
| Q4 24 | $939.5M | $4.5B | ||
| Q3 24 | $989.4M | $4.5B | ||
| Q2 24 | $1.0B | $4.5B | ||
| Q1 24 | $877.6M | $4.5B |
| Q4 25 | $574.0M | $-2.7B | ||
| Q3 25 | $545.6M | $-1.9B | ||
| Q2 25 | $526.8M | $-886.2M | ||
| Q1 25 | $498.0M | $-958.6M | ||
| Q4 24 | $488.7M | $-940.0M | ||
| Q3 24 | $532.3M | $-751.0M | ||
| Q2 24 | $509.2M | $-734.5M | ||
| Q1 24 | $505.8M | $-650.5M |
| Q4 25 | $1.9B | $5.7B | ||
| Q3 25 | $1.9B | $5.4B | ||
| Q2 25 | $1.9B | $5.4B | ||
| Q1 25 | $1.9B | $5.3B | ||
| Q4 24 | $1.9B | $5.4B | ||
| Q3 24 | $2.0B | $5.4B | ||
| Q2 24 | $1.9B | $5.5B | ||
| Q1 24 | $1.8B | $5.5B |
| 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 | ||
|---|---|---|
| Operating Cash FlowLast quarter | $45.1M | $501.1M |
| Free Cash FlowOCF − Capex | $28.5M | $488.7M |
| FCF MarginFCF / Revenue | 6.6% | 59.4% |
| Capex IntensityCapex / Revenue | 3.8% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.52× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $501.1M | ||
| Q3 25 | $49.6M | $449.4M | ||
| Q2 25 | $50.5M | $336.1M | ||
| Q1 25 | $-22.7M | $301.7M | ||
| Q4 24 | $74.7M | $430.6M | ||
| Q3 24 | $29.8M | $421.6M | ||
| Q2 24 | $27.2M | $349.2M | ||
| Q1 24 | $-12.3M | $300.1M |
| Q4 25 | $28.5M | $488.7M | ||
| Q3 25 | $37.6M | $445.5M | ||
| Q2 25 | $38.4M | $324.7M | ||
| Q1 25 | $-37.0M | $290.2M | ||
| Q4 24 | $56.1M | $416.4M | ||
| Q3 24 | $14.4M | $415.0M | ||
| Q2 24 | $10.1M | $340.6M | ||
| Q1 24 | $-38.6M | $295.9M |
| Q4 25 | 6.6% | 59.4% | ||
| Q3 25 | 7.7% | 56.2% | ||
| Q2 25 | 7.6% | 42.0% | ||
| Q1 25 | -8.1% | 38.9% | ||
| Q4 24 | 11.8% | 56.0% | ||
| Q3 24 | 2.6% | 57.3% | ||
| Q2 24 | 1.8% | 48.1% | ||
| Q1 24 | -7.8% | 43.5% |
| Q4 25 | 3.8% | 1.5% | ||
| Q3 25 | 2.5% | 0.5% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 3.1% | 1.5% | ||
| Q4 24 | 3.9% | 1.9% | ||
| Q3 24 | 2.8% | 0.9% | ||
| Q2 24 | 3.0% | 1.2% | ||
| Q1 24 | 5.3% | 0.6% |
| Q4 25 | 1.52× | 1.76× | ||
| Q3 25 | 2.08× | 1.38× | ||
| Q2 25 | 3.08× | 1.11× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 1.31× | 1.50× | ||
| Q2 24 | 1.01× | 1.31× | ||
| Q1 24 | -0.95× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |