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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $432.7M, roughly 1.4× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -21.0%, a 27.9% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% 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.
Rosetta Stone Inc. is an American education technology software company that develops language, literacy and brain-fitness software. Best known for its language-learning products, in 2013, the company expanded beyond language into education-technology with its acquisitions of Livemocha, Lexia Learning, Fit Brains, and Tell Me More. In 2021, it became a subsidiary of IXL Learning.
KOP vs STEP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $432.7M | $586.5M |
| Net Profit | $29.7M | $-123.5M |
| Gross Margin | 25.6% | — |
| Operating Margin | 11.5% | -33.2% |
| Net Margin | 6.9% | -21.0% |
| Revenue YoY | -9.3% | 73.0% |
| Net Profit YoY | 391.2% | 35.7% |
| EPS (diluted) | $1.44 | $-1.55 |
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 | $586.5M | ||
| Q3 25 | $485.3M | $454.2M | ||
| Q2 25 | $504.8M | $364.3M | ||
| Q1 25 | $456.5M | $377.7M | ||
| Q4 24 | $477.0M | $339.0M | ||
| Q3 24 | $554.3M | $271.7M | ||
| Q2 24 | $563.2M | $186.4M | ||
| Q1 24 | $497.6M | $356.8M |
| Q4 25 | $29.7M | $-123.5M | ||
| Q3 25 | $23.8M | $-366.1M | ||
| Q2 25 | $16.4M | $-38.4M | ||
| Q1 25 | $-13.9M | $-18.5M | ||
| Q4 24 | $-10.2M | $-192.0M | ||
| Q3 24 | $22.8M | $17.6M | ||
| Q2 24 | $26.8M | $13.3M | ||
| Q1 24 | $13.0M | $30.8M |
| 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% | -33.2% | ||
| Q3 25 | 10.7% | -148.8% | ||
| Q2 25 | 7.7% | -5.6% | ||
| Q1 25 | 5.9% | 2.6% | ||
| Q4 24 | 1.3% | -101.7% | ||
| Q3 24 | 9.0% | 21.3% | ||
| Q2 24 | 10.2% | 29.4% | ||
| Q1 24 | 7.0% | 26.5% |
| Q4 25 | 6.9% | -21.0% | ||
| Q3 25 | 4.9% | -80.6% | ||
| Q2 25 | 3.2% | -10.5% | ||
| Q1 25 | -3.0% | -4.9% | ||
| Q4 24 | -2.1% | -56.6% | ||
| Q3 24 | 4.1% | 6.5% | ||
| Q2 24 | 4.8% | 7.2% | ||
| Q1 24 | 2.6% | 8.6% |
| Q4 25 | $1.44 | $-1.55 | ||
| Q3 25 | $1.17 | $-4.66 | ||
| Q2 25 | $0.81 | $-0.49 | ||
| Q1 25 | $-0.68 | $-0.37 | ||
| Q4 24 | $-0.47 | $-2.61 | ||
| Q3 24 | $1.09 | $0.26 | ||
| Q2 24 | $1.25 | $0.20 | ||
| Q1 24 | $0.59 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $928.3M | $270.2M |
| Stockholders' EquityBook value | $574.0M | $-378.8M |
| Total Assets | $1.9B | $5.2B |
| Debt / EquityLower = less leverage | 1.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $928.3M | $270.2M | ||
| Q3 25 | $932.9M | $269.9M | ||
| Q2 25 | $977.5M | $269.6M | ||
| Q1 25 | $989.0M | $269.3M | ||
| Q4 24 | $939.5M | $168.9M | ||
| Q3 24 | $989.4M | $172.3M | ||
| Q2 24 | $1.0B | $172.1M | ||
| Q1 24 | $877.6M | $148.8M |
| Q4 25 | $574.0M | $-378.8M | ||
| Q3 25 | $545.6M | $-233.5M | ||
| Q2 25 | $526.8M | $153.9M | ||
| Q1 25 | $498.0M | $179.4M | ||
| Q4 24 | $488.7M | $209.8M | ||
| Q3 24 | $532.3M | $397.5M | ||
| Q2 24 | $509.2M | $366.9M | ||
| Q1 24 | $505.8M | $324.5M |
| Q4 25 | $1.9B | $5.2B | ||
| Q3 25 | $1.9B | $5.3B | ||
| Q2 25 | $1.9B | $4.8B | ||
| Q1 25 | $1.9B | $4.6B | ||
| Q4 24 | $1.9B | $4.3B | ||
| Q3 24 | $2.0B | $4.0B | ||
| Q2 24 | $1.9B | $3.8B | ||
| Q1 24 | $1.8B | $3.8B |
| Q4 25 | 1.62× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 1.86× | 1.75× | ||
| Q1 25 | 1.99× | 1.50× | ||
| Q4 24 | 1.92× | 0.81× | ||
| Q3 24 | 1.86× | 0.43× | ||
| Q2 24 | 1.97× | 0.47× | ||
| Q1 24 | 1.74× | 0.46× |
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 | $27.2M |
| Free Cash FlowOCF − Capex | $28.5M | $26.7M |
| FCF MarginFCF / Revenue | 6.6% | 4.6% |
| Capex IntensityCapex / Revenue | 3.8% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $27.2M | ||
| Q3 25 | $49.6M | $16.2M | ||
| Q2 25 | $50.5M | $46.3M | ||
| Q1 25 | $-22.7M | $-66.5M | ||
| Q4 24 | $74.7M | $27.6M | ||
| Q3 24 | $29.8M | $53.7M | ||
| Q2 24 | $27.2M | $50.2M | ||
| Q1 24 | $-12.3M | $7.6M |
| Q4 25 | $28.5M | $26.7M | ||
| Q3 25 | $37.6M | $15.9M | ||
| Q2 25 | $38.4M | $45.2M | ||
| Q1 25 | $-37.0M | $-69.2M | ||
| Q4 24 | $56.1M | $27.0M | ||
| Q3 24 | $14.4M | $52.4M | ||
| Q2 24 | $10.1M | $49.6M | ||
| Q1 24 | $-38.6M | $6.7M |
| Q4 25 | 6.6% | 4.6% | ||
| Q3 25 | 7.7% | 3.5% | ||
| Q2 25 | 7.6% | 12.4% | ||
| Q1 25 | -8.1% | -18.3% | ||
| Q4 24 | 11.8% | 8.0% | ||
| Q3 24 | 2.6% | 19.3% | ||
| Q2 24 | 1.8% | 26.6% | ||
| Q1 24 | -7.8% | 1.9% |
| Q4 25 | 3.8% | 0.1% | ||
| Q3 25 | 2.5% | 0.1% | ||
| Q2 25 | 2.4% | 0.3% | ||
| Q1 25 | 3.1% | 0.7% | ||
| Q4 24 | 3.9% | 0.2% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 3.0% | 0.3% | ||
| Q1 24 | 5.3% | 0.3% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.31× | 3.05× | ||
| Q2 24 | 1.01× | 3.76× | ||
| Q1 24 | -0.95× | 0.25× |
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% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
