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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and Madison Square Garden Sports Corp. (MSGS). Click either name above to swap in a different company.
Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $403.4M, roughly 1.1× Madison Square Garden Sports Corp.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs 2.0%, a 4.8% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs -9.3%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $28.5M). Over the past eight quarters, Madison Square Garden Sports Corp.'s revenue compounded faster (-3.1% 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 MSGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $432.7M | $403.4M |
| Net Profit | $29.7M | $8.2M |
| Gross Margin | 25.6% | — |
| Operating Margin | 11.5% | 5.5% |
| Net Margin | 6.9% | 2.0% |
| Revenue YoY | -9.3% | 12.8% |
| Net Profit YoY | 391.2% | 641.9% |
| EPS (diluted) | $1.44 | $0.34 |
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.
| Q4 25 | $432.7M | $403.4M | ||
| Q3 25 | $485.3M | $39.5M | ||
| Q2 25 | $504.8M | $204.0M | ||
| Q1 25 | $456.5M | $424.2M | ||
| Q4 24 | $477.0M | $357.8M | ||
| Q3 24 | $554.3M | $53.3M | ||
| Q2 24 | $563.2M | $227.3M | ||
| Q1 24 | $497.6M | $430.0M |
| Q4 25 | $29.7M | $8.2M | ||
| Q3 25 | $23.8M | $-8.8M | ||
| Q2 25 | $16.4M | $-1.8M | ||
| Q1 25 | $-13.9M | $-14.2M | ||
| Q4 24 | $-10.2M | $1.1M | ||
| Q3 24 | $22.8M | $-7.5M | ||
| Q2 24 | $26.8M | $25.5M | ||
| Q1 24 | $13.0M | $37.9M |
| 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% | 5.5% | ||
| Q3 25 | 10.7% | -69.5% | ||
| Q2 25 | 7.7% | -11.1% | ||
| Q1 25 | 5.9% | 7.6% | ||
| Q4 24 | 1.3% | 3.7% | ||
| Q3 24 | 9.0% | -15.5% | ||
| Q2 24 | 10.2% | 23.0% | ||
| Q1 24 | 7.0% | 18.5% |
| Q4 25 | 6.9% | 2.0% | ||
| Q3 25 | 4.9% | -22.3% | ||
| Q2 25 | 3.2% | -0.9% | ||
| Q1 25 | -3.0% | -3.4% | ||
| Q4 24 | -2.1% | 0.3% | ||
| Q3 24 | 4.1% | -14.1% | ||
| Q2 24 | 4.8% | 11.2% | ||
| Q1 24 | 2.6% | 8.8% |
| Q4 25 | $1.44 | $0.34 | ||
| Q3 25 | $1.17 | $-0.37 | ||
| Q2 25 | $0.81 | $-0.08 | ||
| Q1 25 | $-0.68 | $-0.59 | ||
| Q4 24 | $-0.47 | $0.05 | ||
| Q3 24 | $1.09 | $-0.31 | ||
| Q2 24 | $1.25 | $1.07 | ||
| Q1 24 | $0.59 | $1.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $81.3M |
| Total DebtLower is stronger | $928.3M | — |
| Stockholders' EquityBook value | $574.0M | $-282.1M |
| Total Assets | $1.9B | $1.5B |
| Debt / EquityLower = less leverage | 1.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $48.6M | ||
| Q2 25 | — | $144.6M | ||
| Q1 25 | — | $96.5M | ||
| Q4 24 | — | $107.8M | ||
| Q3 24 | — | $52.3M | ||
| Q2 24 | — | $89.1M | ||
| Q1 24 | — | $40.0M |
| 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 | — | ||
| Q1 24 | $877.6M | — |
| Q4 25 | $574.0M | $-282.1M | ||
| Q3 25 | $545.6M | $-294.2M | ||
| Q2 25 | $526.8M | $-281.4M | ||
| Q1 25 | $498.0M | $-283.4M | ||
| Q4 24 | $488.7M | $-273.1M | ||
| Q3 24 | $532.3M | $-277.5M | ||
| Q2 24 | $509.2M | $-266.3M | ||
| Q1 24 | $505.8M | $-294.0M |
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.8B | $1.4B |
| 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 | $32.4M |
| Free Cash FlowOCF − Capex | $28.5M | $31.6M |
| FCF MarginFCF / Revenue | 6.6% | 7.8% |
| Capex IntensityCapex / Revenue | 3.8% | 0.2% |
| Cash ConversionOCF / Net Profit | 1.52× | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $32.4M | ||
| Q3 25 | $49.6M | $-85.0M | ||
| Q2 25 | $50.5M | $49.7M | ||
| Q1 25 | $-22.7M | $6.3M | ||
| Q4 24 | $74.7M | $61.8M | ||
| Q3 24 | $29.8M | $-26.2M | ||
| Q2 24 | $27.2M | $108.4M | ||
| Q1 24 | $-12.3M | $4.0M |
| Q4 25 | $28.5M | $31.6M | ||
| Q3 25 | $37.6M | $-85.3M | ||
| Q2 25 | $38.4M | $49.4M | ||
| Q1 25 | $-37.0M | $3.9M | ||
| Q4 24 | $56.1M | $61.2M | ||
| Q3 24 | $14.4M | $-26.5M | ||
| Q2 24 | $10.1M | $108.0M | ||
| Q1 24 | $-38.6M | $3.9M |
| Q4 25 | 6.6% | 7.8% | ||
| Q3 25 | 7.7% | -216.3% | ||
| Q2 25 | 7.6% | 24.2% | ||
| Q1 25 | -8.1% | 0.9% | ||
| Q4 24 | 11.8% | 17.1% | ||
| Q3 24 | 2.6% | -49.7% | ||
| Q2 24 | 1.8% | 47.5% | ||
| Q1 24 | -7.8% | 0.9% |
| Q4 25 | 3.8% | 0.2% | ||
| Q3 25 | 2.5% | 0.9% | ||
| Q2 25 | 2.4% | 0.2% | ||
| Q1 25 | 3.1% | 0.6% | ||
| Q4 24 | 3.9% | 0.1% | ||
| Q3 24 | 2.8% | 0.7% | ||
| Q2 24 | 3.0% | 0.2% | ||
| Q1 24 | 5.3% | 0.0% |
| Q4 25 | 1.52× | 3.94× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 55.61× | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.01× | 4.25× | ||
| Q1 24 | -0.95× | 0.11× |
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% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
