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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $432.7M, roughly 1.4× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -2.0%, a 8.8% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -9.3%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $28.5M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% 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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
KOP vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $432.7M | $614.5M |
| Net Profit | $29.7M | $-12.1M |
| Gross Margin | 25.6% | 73.6% |
| Operating Margin | 11.5% | -8.0% |
| Net Margin | 6.9% | -2.0% |
| Revenue YoY | -9.3% | 33.6% |
| Net Profit YoY | 391.2% | 6.0% |
| EPS (diluted) | $1.44 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $485.3M | $562.0M | ||
| Q2 25 | $504.8M | $512.3M | ||
| Q1 25 | $456.5M | $479.1M | ||
| Q4 24 | $477.0M | $459.9M | ||
| Q3 24 | $554.3M | $430.1M | ||
| Q2 24 | $563.2M | $401.0M | ||
| Q1 24 | $497.6M | $378.6M |
| Q4 25 | $29.7M | $-12.1M | ||
| Q3 25 | $23.8M | $-1.3M | ||
| Q2 25 | $16.4M | $-50.4M | ||
| Q1 25 | $-13.9M | $-38.5M | ||
| Q4 24 | $-10.2M | $-12.8M | ||
| Q3 24 | $22.8M | $-15.3M | ||
| Q2 24 | $26.8M | $-15.1M | ||
| Q1 24 | $13.0M | $-35.5M |
| Q4 25 | 25.6% | 73.6% | ||
| Q3 25 | 24.1% | 74.0% | ||
| Q2 25 | 22.6% | 74.9% | ||
| Q1 25 | 23.2% | 75.9% | ||
| Q4 24 | 17.5% | 76.4% | ||
| Q3 24 | 21.9% | 77.7% | ||
| Q2 24 | 21.6% | 77.8% | ||
| Q1 24 | 19.3% | 77.5% |
| Q4 25 | 11.5% | -8.0% | ||
| Q3 25 | 10.7% | -6.7% | ||
| Q2 25 | 7.7% | -13.1% | ||
| Q1 25 | 5.9% | -11.1% | ||
| Q4 24 | 1.3% | -7.5% | ||
| Q3 24 | 9.0% | -7.2% | ||
| Q2 24 | 10.2% | -8.7% | ||
| Q1 24 | 7.0% | -14.4% |
| Q4 25 | 6.9% | -2.0% | ||
| Q3 25 | 4.9% | -0.2% | ||
| Q2 25 | 3.2% | -9.8% | ||
| Q1 25 | -3.0% | -8.0% | ||
| Q4 24 | -2.1% | -2.8% | ||
| Q3 24 | 4.1% | -3.6% | ||
| Q2 24 | 4.8% | -3.8% | ||
| Q1 24 | 2.6% | -9.4% |
| Q4 25 | $1.44 | $-0.03 | ||
| Q3 25 | $1.17 | $0.00 | ||
| Q2 25 | $0.81 | $-0.15 | ||
| Q1 25 | $-0.68 | $-0.11 | ||
| Q4 24 | $-0.47 | $-0.05 | ||
| Q3 24 | $1.09 | $-0.04 | ||
| Q2 24 | $1.25 | $-0.04 | ||
| Q1 24 | $0.59 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $943.5M |
| Total DebtLower is stronger | $928.3M | — |
| Stockholders' EquityBook value | $574.0M | $1.5B |
| Total Assets | $1.9B | $6.0B |
| Debt / EquityLower = less leverage | 1.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
| 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 | $1.5B | ||
| Q3 25 | $545.6M | $1.3B | ||
| Q2 25 | $526.8M | $1.2B | ||
| Q1 25 | $498.0M | $1.4B | ||
| Q4 24 | $488.7M | $1.0B | ||
| Q3 24 | $532.3M | $973.1M | ||
| Q2 24 | $509.2M | $881.5M | ||
| Q1 24 | $505.8M | $797.2M |
| Q4 25 | $1.9B | $6.0B | ||
| Q3 25 | $1.9B | $5.8B | ||
| Q2 25 | $1.9B | $5.6B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | $1.9B | $3.3B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $1.9B | $2.9B | ||
| Q1 24 | $1.8B | $2.8B |
| 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 | $190.4M |
| Free Cash FlowOCF − Capex | $28.5M | $105.2M |
| FCF MarginFCF / Revenue | 6.6% | 17.1% |
| Capex IntensityCapex / Revenue | 3.8% | 13.9% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $190.4M | ||
| Q3 25 | $49.6M | $167.1M | ||
| Q2 25 | $50.5M | $99.8M | ||
| Q1 25 | $-22.7M | $145.8M | ||
| Q4 24 | $74.7M | $127.3M | ||
| Q3 24 | $29.8M | $104.7M | ||
| Q2 24 | $27.2M | $74.8M | ||
| Q1 24 | $-12.3M | $73.6M |
| Q4 25 | $28.5M | $105.2M | ||
| Q3 25 | $37.6M | $82.5M | ||
| Q2 25 | $38.4M | $39.9M | ||
| Q1 25 | $-37.0M | $59.9M | ||
| Q4 24 | $56.1M | $54.2M | ||
| Q3 24 | $14.4M | $54.5M | ||
| Q2 24 | $10.1M | $45.2M | ||
| Q1 24 | $-38.6M | $41.5M |
| Q4 25 | 6.6% | 17.1% | ||
| Q3 25 | 7.7% | 14.7% | ||
| Q2 25 | 7.6% | 7.8% | ||
| Q1 25 | -8.1% | 12.5% | ||
| Q4 24 | 11.8% | 11.8% | ||
| Q3 24 | 2.6% | 12.7% | ||
| Q2 24 | 1.8% | 11.3% | ||
| Q1 24 | -7.8% | 11.0% |
| Q4 25 | 3.8% | 13.9% | ||
| Q3 25 | 2.5% | 15.1% | ||
| Q2 25 | 2.4% | 11.7% | ||
| Q1 25 | 3.1% | 17.9% | ||
| Q4 24 | 3.9% | 15.9% | ||
| Q3 24 | 2.8% | 11.7% | ||
| Q2 24 | 3.0% | 7.4% | ||
| Q1 24 | 5.3% | 8.5% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | -0.95× | — |
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
