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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

Bigger by revenue
MSCI
MSCI
1.9× larger
MSCI
$822.5M
$432.7M
KOP
Growing faster (revenue YoY)
MSCI
MSCI
+19.9% gap
MSCI
10.6%
-9.3%
KOP
Higher net margin
MSCI
MSCI
27.7% more per $
MSCI
34.6%
6.9%
KOP
More free cash flow
MSCI
MSCI
$460.2M more FCF
MSCI
$488.7M
$28.5M
KOP
Faster 2-yr revenue CAGR
MSCI
MSCI
Annualised
MSCI
10.0%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KOP
KOP
MSCI
MSCI
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.

Revenue
KOP
KOP
MSCI
MSCI
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
Net Profit
KOP
KOP
MSCI
MSCI
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
Gross Margin
KOP
KOP
MSCI
MSCI
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%
Operating Margin
KOP
KOP
MSCI
MSCI
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%
Net Margin
KOP
KOP
MSCI
MSCI
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%
EPS (diluted)
KOP
KOP
MSCI
MSCI
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
KOP
KOP
MSCI
MSCI
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.

Cash + ST Investments
KOP
KOP
MSCI
MSCI
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
Total Debt
KOP
KOP
MSCI
MSCI
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
Stockholders' Equity
KOP
KOP
MSCI
MSCI
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
Total Assets
KOP
KOP
MSCI
MSCI
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
Debt / Equity
KOP
KOP
MSCI
MSCI
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
KOP
KOP
MSCI
MSCI
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.

Operating Cash Flow
KOP
KOP
MSCI
MSCI
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
Free Cash Flow
KOP
KOP
MSCI
MSCI
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
FCF Margin
KOP
KOP
MSCI
MSCI
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%
Capex Intensity
KOP
KOP
MSCI
MSCI
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%
Cash Conversion
KOP
KOP
MSCI
MSCI
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
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%

MSCI
MSCI

Recurring Subscriptions$246.4M30%
Asset Based Fees$211.7M26%
Analytics Segment$182.3M22%
Sustainability And Climate Segment$90.3M11%
Other$70.9M9%
Non Recurring$21.1M3%

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