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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and OPPENHEIMER HOLDINGS INC (OPY). Click either name above to swap in a different company.

OPPENHEIMER HOLDINGS INC is the larger business by last-quarter revenue ($472.6M vs $432.7M, roughly 1.1× Koppers Holdings Inc.). OPPENHEIMER HOLDINGS INC runs the higher net margin — 15.7% vs 6.9%, a 8.9% gap on every dollar of revenue. On growth, OPPENHEIMER HOLDINGS INC posted the faster year-over-year revenue change (25.9% vs -9.3%). OPPENHEIMER HOLDINGS INC produced more free cash flow last quarter ($183.6M vs $28.5M). Over the past eight quarters, OPPENHEIMER HOLDINGS INC's revenue compounded faster (15.7% 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.

Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.

KOP vs OPY — Head-to-Head

Bigger by revenue
OPY
OPY
1.1× larger
OPY
$472.6M
$432.7M
KOP
Growing faster (revenue YoY)
OPY
OPY
+35.2% gap
OPY
25.9%
-9.3%
KOP
Higher net margin
OPY
OPY
8.9% more per $
OPY
15.7%
6.9%
KOP
More free cash flow
OPY
OPY
$155.1M more FCF
OPY
$183.6M
$28.5M
KOP
Faster 2-yr revenue CAGR
OPY
OPY
Annualised
OPY
15.7%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KOP
KOP
OPY
OPY
Revenue
$432.7M
$472.6M
Net Profit
$29.7M
$74.4M
Gross Margin
25.6%
Operating Margin
11.5%
22.4%
Net Margin
6.9%
15.7%
Revenue YoY
-9.3%
25.9%
Net Profit YoY
391.2%
593.1%
EPS (diluted)
$1.44
$6.51

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
OPY
OPY
Q4 25
$432.7M
$472.6M
Q3 25
$485.3M
$424.4M
Q2 25
$504.8M
$373.2M
Q1 25
$456.5M
$367.8M
Q4 24
$477.0M
$375.4M
Q3 24
$554.3M
$373.4M
Q2 24
$563.2M
$330.6M
Q1 24
$497.6M
$353.1M
Net Profit
KOP
KOP
OPY
OPY
Q4 25
$29.7M
$74.4M
Q3 25
$23.8M
$21.7M
Q2 25
$16.4M
$21.7M
Q1 25
$-13.9M
$30.7M
Q4 24
$-10.2M
$10.7M
Q3 24
$22.8M
$24.5M
Q2 24
$26.8M
$10.3M
Q1 24
$13.0M
$26.1M
Gross Margin
KOP
KOP
OPY
OPY
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
OPY
OPY
Q4 25
11.5%
22.4%
Q3 25
10.7%
7.5%
Q2 25
7.7%
8.6%
Q1 25
5.9%
11.2%
Q4 24
1.3%
4.5%
Q3 24
9.0%
9.5%
Q2 24
10.2%
4.8%
Q1 24
7.0%
10.6%
Net Margin
KOP
KOP
OPY
OPY
Q4 25
6.9%
15.7%
Q3 25
4.9%
5.1%
Q2 25
3.2%
5.8%
Q1 25
-3.0%
8.3%
Q4 24
-2.1%
2.9%
Q3 24
4.1%
6.6%
Q2 24
4.8%
3.1%
Q1 24
2.6%
7.4%
EPS (diluted)
KOP
KOP
OPY
OPY
Q4 25
$1.44
$6.51
Q3 25
$1.17
$1.90
Q2 25
$0.81
$1.91
Q1 25
$-0.68
$2.72
Q4 24
$-0.47
$0.92
Q3 24
$1.09
$2.16
Q2 24
$1.25
$0.92
Q1 24
$0.59
$2.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KOP
KOP
OPY
OPY
Cash + ST InvestmentsLiquidity on hand
$38.4M
Total DebtLower is stronger
$928.3M
Stockholders' EquityBook value
$574.0M
$983.8M
Total Assets
$1.9B
$3.7B
Debt / EquityLower = less leverage
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KOP
KOP
OPY
OPY
Q4 25
$38.4M
Q3 25
$38.3M
Q2 25
$37.6M
Q1 25
$36.7M
Q4 24
$33.1M
Q3 24
$32.2M
Q2 24
$33.2M
Q1 24
$27.7M
Total Debt
KOP
KOP
OPY
OPY
Q4 25
$928.3M
Q3 25
$932.9M
Q2 25
$977.5M
Q1 25
$989.0M
Q4 24
$939.5M
$0
Q3 24
$989.4M
$112.8M
Q2 24
$1.0B
$112.8M
Q1 24
$877.6M
$112.7M
Stockholders' Equity
KOP
KOP
OPY
OPY
Q4 25
$574.0M
$983.8M
Q3 25
$545.6M
$920.3M
Q2 25
$526.8M
$896.9M
Q1 25
$498.0M
$872.3M
Q4 24
$488.7M
$850.4M
Q3 24
$532.3M
$837.8M
Q2 24
$509.2M
$812.1M
Q1 24
$505.8M
$801.5M
Total Assets
KOP
KOP
OPY
OPY
Q4 25
$1.9B
$3.7B
Q3 25
$1.9B
$3.8B
Q2 25
$1.9B
$3.7B
Q1 25
$1.9B
$3.6B
Q4 24
$1.9B
$3.4B
Q3 24
$2.0B
$3.4B
Q2 24
$1.9B
$3.3B
Q1 24
$1.8B
$3.3B
Debt / Equity
KOP
KOP
OPY
OPY
Q4 25
1.62×
Q3 25
1.71×
Q2 25
1.86×
Q1 25
1.99×
Q4 24
1.92×
0.00×
Q3 24
1.86×
0.13×
Q2 24
1.97×
0.14×
Q1 24
1.74×
0.14×

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
OPY
OPY
Operating Cash FlowLast quarter
$45.1M
$188.8M
Free Cash FlowOCF − Capex
$28.5M
$183.6M
FCF MarginFCF / Revenue
6.6%
38.8%
Capex IntensityCapex / Revenue
3.8%
1.1%
Cash ConversionOCF / Net Profit
1.52×
2.54×
TTM Free Cash FlowTrailing 4 quarters
$67.5M
$191.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KOP
KOP
OPY
OPY
Q4 25
$45.1M
$188.8M
Q3 25
$49.6M
$63.4M
Q2 25
$50.5M
$40.1M
Q1 25
$-22.7M
$-91.7M
Q4 24
$74.7M
$-108.2M
Q3 24
$29.8M
$11.4M
Q2 24
$27.2M
$-115.3M
Q1 24
$-12.3M
$-79.0M
Free Cash Flow
KOP
KOP
OPY
OPY
Q4 25
$28.5M
$183.6M
Q3 25
$37.6M
$62.2M
Q2 25
$38.4M
$38.9M
Q1 25
$-37.0M
$-93.4M
Q4 24
$56.1M
$-113.3M
Q3 24
$14.4M
$11.2M
Q2 24
$10.1M
$-116.7M
Q1 24
$-38.6M
$-79.3M
FCF Margin
KOP
KOP
OPY
OPY
Q4 25
6.6%
38.8%
Q3 25
7.7%
14.7%
Q2 25
7.6%
10.4%
Q1 25
-8.1%
-25.4%
Q4 24
11.8%
-30.2%
Q3 24
2.6%
3.0%
Q2 24
1.8%
-35.3%
Q1 24
-7.8%
-22.5%
Capex Intensity
KOP
KOP
OPY
OPY
Q4 25
3.8%
1.1%
Q3 25
2.5%
0.3%
Q2 25
2.4%
0.3%
Q1 25
3.1%
0.5%
Q4 24
3.9%
1.4%
Q3 24
2.8%
0.1%
Q2 24
3.0%
0.4%
Q1 24
5.3%
0.1%
Cash Conversion
KOP
KOP
OPY
OPY
Q4 25
1.52×
2.54×
Q3 25
2.08×
2.92×
Q2 25
3.08×
1.85×
Q1 25
-2.99×
Q4 24
-10.08×
Q3 24
1.31×
0.47×
Q2 24
1.01×
-11.23×
Q1 24
-0.95×
-3.03×

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%

OPY
OPY

Advisory Fees$166.6M35%
Capital Markets Segment$155.5M33%
Other$57.2M12%
Commissions From Sales And Trading$52.9M11%
Bank Deposit Sweep Income$27.7M6%
Mutual Fund Income$8.9M2%
Investment Banking Capital Markets$3.3M1%

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