vs
Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and Madison Square Garden Entertainment Corp. (MSGE). Click either name above to swap in a different company.
Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $424.8M, roughly 1.0× Madison Square Garden Entertainment Corp.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 6.9%, a 15.0% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs -9.3%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% 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.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
KOP vs MSGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $432.7M | $424.8M |
| Net Profit | $29.7M | $92.7M |
| Gross Margin | 25.6% | — |
| Operating Margin | 11.5% | 38.6% |
| Net Margin | 6.9% | 21.8% |
| Revenue YoY | -9.3% | 12.5% |
| Net Profit YoY | 391.2% | 22.2% |
| EPS (diluted) | $1.44 | $1.94 |
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 | $424.8M | ||
| Q3 25 | $485.3M | $154.1M | ||
| Q2 25 | $504.8M | $145.1M | ||
| Q1 25 | $456.5M | $206.0M | ||
| Q4 24 | $477.0M | $377.6M | ||
| Q3 24 | $554.3M | $134.1M | ||
| Q2 24 | $563.2M | $177.6M | ||
| Q1 24 | $497.6M | $191.6M |
| Q4 25 | $29.7M | $92.7M | ||
| Q3 25 | $23.8M | $-21.7M | ||
| Q2 25 | $16.4M | $-27.2M | ||
| Q1 25 | $-13.9M | $8.0M | ||
| Q4 24 | $-10.2M | $75.9M | ||
| Q3 24 | $22.8M | $-19.3M | ||
| Q2 24 | $26.8M | $66.9M | ||
| Q1 24 | $13.0M | $2.8M |
| 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% | 38.6% | ||
| Q3 25 | 10.7% | -19.3% | ||
| Q2 25 | 7.7% | -17.7% | ||
| Q1 25 | 5.9% | 13.3% | ||
| Q4 24 | 1.3% | 36.8% | ||
| Q3 24 | 9.0% | -13.8% | ||
| Q2 24 | 10.2% | -5.0% | ||
| Q1 24 | 7.0% | 8.8% |
| Q4 25 | 6.9% | 21.8% | ||
| Q3 25 | 4.9% | -14.0% | ||
| Q2 25 | 3.2% | -18.7% | ||
| Q1 25 | -3.0% | 3.9% | ||
| Q4 24 | -2.1% | 20.1% | ||
| Q3 24 | 4.1% | -14.4% | ||
| Q2 24 | 4.8% | 37.7% | ||
| Q1 24 | 2.6% | 1.5% |
| Q4 25 | $1.44 | $1.94 | ||
| Q3 25 | $1.17 | $-0.46 | ||
| Q2 25 | $0.81 | $-0.56 | ||
| Q1 25 | $-0.68 | $0.17 | ||
| Q4 24 | $-0.47 | $1.56 | ||
| Q3 24 | $1.09 | $-0.40 | ||
| Q2 24 | $1.25 | $1.32 | ||
| Q1 24 | $0.59 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $157.1M |
| Total DebtLower is stronger | $928.3M | $554.6M |
| Stockholders' EquityBook value | $574.0M | $36.0M |
| Total Assets | $1.9B | $1.8B |
| Debt / EquityLower = less leverage | 1.62× | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $157.1M | ||
| Q3 25 | — | $29.9M | ||
| Q2 25 | — | $43.0M | ||
| Q1 25 | — | $89.0M | ||
| Q4 24 | — | $54.9M | ||
| Q3 24 | — | $37.3M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | — | $28.0M |
| Q4 25 | $928.3M | $554.6M | ||
| Q3 25 | $932.9M | $581.7M | ||
| Q2 25 | $977.5M | $568.8M | ||
| Q1 25 | $989.0M | $577.4M | ||
| Q4 24 | $939.5M | $584.7M | ||
| Q3 24 | $989.4M | $647.0M | ||
| Q2 24 | $1.0B | $599.2M | ||
| Q1 24 | $877.6M | $602.5M |
| Q4 25 | $574.0M | $36.0M | ||
| Q3 25 | $545.6M | $-65.8M | ||
| Q2 25 | $526.8M | $-13.3M | ||
| Q1 25 | $498.0M | $9.5M | ||
| Q4 24 | $488.7M | $10.3M | ||
| Q3 24 | $532.3M | $-48.7M | ||
| Q2 24 | $509.2M | $-23.2M | ||
| Q1 24 | $505.8M | $-94.6M |
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $1.8B | $1.5B |
| Q4 25 | 1.62× | 15.40× | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.99× | 60.61× | ||
| Q4 24 | 1.92× | 56.61× | ||
| 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 | $164.4M |
| Free Cash FlowOCF − Capex | $28.5M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 1.52× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $164.4M | ||
| Q3 25 | $49.6M | $19.8M | ||
| Q2 25 | $50.5M | $-27.0M | ||
| Q1 25 | $-22.7M | $56.8M | ||
| Q4 24 | $74.7M | $112.9M | ||
| Q3 24 | $29.8M | $-27.4M | ||
| Q2 24 | $27.2M | $212.0K | ||
| Q1 24 | $-12.3M | $5.8M |
| Q4 25 | $28.5M | — | ||
| Q3 25 | $37.6M | — | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $-37.0M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $14.4M | — | ||
| Q2 24 | $10.1M | — | ||
| Q1 24 | $-38.6M | — |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.1% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | -7.8% | — |
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | 1.52× | 1.77× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | 7.07× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.01× | 0.00× | ||
| Q1 24 | -0.95× | 2.08× |
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% |
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
