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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $219.2M, roughly 2.0× Perella Weinberg Partners). Koppers Holdings Inc. runs the higher net margin — 6.9% vs 6.3%, a 0.6% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -9.3%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $28.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
KOP vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $432.7M | $219.2M |
| Net Profit | $29.7M | $13.8M |
| Gross Margin | 25.6% | — |
| Operating Margin | 11.5% | 8.5% |
| Net Margin | 6.9% | 6.3% |
| Revenue YoY | -9.3% | -2.9% |
| Net Profit YoY | 391.2% | — |
| EPS (diluted) | $1.44 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $485.3M | $164.6M | ||
| Q2 25 | $504.8M | $155.3M | ||
| Q1 25 | $456.5M | $211.8M | ||
| Q4 24 | $477.0M | $225.7M | ||
| Q3 24 | $554.3M | $278.2M | ||
| Q2 24 | $563.2M | $272.0M | ||
| Q1 24 | $497.6M | $102.1M |
| Q4 25 | $29.7M | $13.8M | ||
| Q3 25 | $23.8M | $6.0M | ||
| Q2 25 | $16.4M | $2.7M | ||
| Q1 25 | $-13.9M | $17.3M | ||
| Q4 24 | $-10.2M | — | ||
| Q3 24 | $22.8M | $16.4M | ||
| Q2 24 | $26.8M | $-66.0M | ||
| Q1 24 | $13.0M | $-35.8M |
| 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% | 8.5% | ||
| Q3 25 | 10.7% | 5.4% | ||
| Q2 25 | 7.7% | 5.8% | ||
| Q1 25 | 5.9% | 5.5% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 9.0% | 12.9% | ||
| Q2 24 | 10.2% | -30.2% | ||
| Q1 24 | 7.0% | -52.4% |
| Q4 25 | 6.9% | 6.3% | ||
| Q3 25 | 4.9% | 3.6% | ||
| Q2 25 | 3.2% | 1.8% | ||
| Q1 25 | -3.0% | 8.2% | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 4.1% | 5.9% | ||
| Q2 24 | 4.8% | -24.3% | ||
| Q1 24 | 2.6% | -35.1% |
| Q4 25 | $1.44 | $0.11 | ||
| Q3 25 | $1.17 | $0.08 | ||
| Q2 25 | $0.81 | $0.04 | ||
| Q1 25 | $-0.68 | $0.24 | ||
| Q4 24 | $-0.47 | — | ||
| Q3 24 | $1.09 | $0.24 | ||
| Q2 24 | $1.25 | $-1.21 | ||
| Q1 24 | $0.59 | $-0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $255.9M |
| Total DebtLower is stronger | $928.3M | — |
| Stockholders' EquityBook value | $574.0M | $-127.4M |
| Total Assets | $1.9B | $797.6M |
| Debt / EquityLower = less leverage | 1.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $255.9M | ||
| Q3 25 | — | $185.5M | ||
| Q2 25 | — | $145.0M | ||
| Q1 25 | — | $111.2M | ||
| Q4 24 | — | $407.4M | ||
| Q3 24 | — | $335.1M | ||
| Q2 24 | — | $185.3M | ||
| Q1 24 | — | $156.7M |
| 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 | $-127.4M | ||
| Q3 25 | $545.6M | $-302.4M | ||
| Q2 25 | $526.8M | $-318.4M | ||
| Q1 25 | $498.0M | $-323.1M | ||
| Q4 24 | $488.7M | $-421.4M | ||
| Q3 24 | $532.3M | $-360.8M | ||
| Q2 24 | $509.2M | $-283.0M | ||
| Q1 24 | $505.8M | $161.9M |
| Q4 25 | $1.9B | $797.6M | ||
| Q3 25 | $1.9B | $650.2M | ||
| Q2 25 | $1.9B | $606.7M | ||
| Q1 25 | $1.9B | $570.5M | ||
| Q4 24 | $1.9B | $876.8M | ||
| Q3 24 | $2.0B | $810.9M | ||
| Q2 24 | $1.9B | $645.5M | ||
| Q1 24 | $1.8B | $583.6M |
| 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 | $34.8M |
| Free Cash FlowOCF − Capex | $28.5M | $30.5M |
| FCF MarginFCF / Revenue | 6.6% | 13.9% |
| Capex IntensityCapex / Revenue | 3.8% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.52× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $34.8M | ||
| Q3 25 | $49.6M | $59.2M | ||
| Q2 25 | $50.5M | $56.1M | ||
| Q1 25 | $-22.7M | $-176.5M | ||
| Q4 24 | $74.7M | $223.4M | ||
| Q3 24 | $29.8M | $200.3M | ||
| Q2 24 | $27.2M | $90.0M | ||
| Q1 24 | $-12.3M | $-206.3M |
| Q4 25 | $28.5M | $30.5M | ||
| Q3 25 | $37.6M | $57.6M | ||
| Q2 25 | $38.4M | $55.3M | ||
| Q1 25 | $-37.0M | $-177.6M | ||
| Q4 24 | $56.1M | $207.0M | ||
| Q3 24 | $14.4M | $199.3M | ||
| Q2 24 | $10.1M | $83.7M | ||
| Q1 24 | $-38.6M | $-214.8M |
| Q4 25 | 6.6% | 13.9% | ||
| Q3 25 | 7.7% | 35.0% | ||
| Q2 25 | 7.6% | 35.6% | ||
| Q1 25 | -8.1% | -83.8% | ||
| Q4 24 | 11.8% | 91.7% | ||
| Q3 24 | 2.6% | 71.6% | ||
| Q2 24 | 1.8% | 30.8% | ||
| Q1 24 | -7.8% | -210.3% |
| Q4 25 | 3.8% | 2.0% | ||
| Q3 25 | 2.5% | 0.9% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | 3.1% | 0.5% | ||
| Q4 24 | 3.9% | 7.3% | ||
| Q3 24 | 2.8% | 0.4% | ||
| Q2 24 | 3.0% | 2.3% | ||
| Q1 24 | 5.3% | 8.3% |
| Q4 25 | 1.52× | 2.52× | ||
| Q3 25 | 2.08× | 9.85× | ||
| Q2 25 | 3.08× | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.31× | 12.23× | ||
| 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% |
PWP
Segment breakdown not available.
