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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and Strategic Education, Inc. (STRA). Click either name above to swap in a different company.
Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $305.9M, roughly 1.4× Strategic Education, Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs 6.9%, a 3.9% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -9.3%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $28.5M). Over the past eight quarters, Strategic Education, Inc.'s revenue compounded faster (-1.0% 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.
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
KOP vs STRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $432.7M | $305.9M |
| Net Profit | $29.7M | $32.8M |
| Gross Margin | 25.6% | — |
| Operating Margin | 11.5% | 13.4% |
| Net Margin | 6.9% | 10.7% |
| Revenue YoY | -9.3% | 0.8% |
| Net Profit YoY | 391.2% | 10.3% |
| EPS (diluted) | $1.44 | $1.48 |
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.
| Q1 26 | — | $305.9M | ||
| Q4 25 | $432.7M | $323.2M | ||
| Q3 25 | $485.3M | $319.9M | ||
| Q2 25 | $504.8M | $321.5M | ||
| Q1 25 | $456.5M | $303.6M | ||
| Q4 24 | $477.0M | $311.5M | ||
| Q3 24 | $554.3M | $306.0M | ||
| Q2 24 | $563.2M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $29.7M | $37.9M | ||
| Q3 25 | $23.8M | $26.6M | ||
| Q2 25 | $16.4M | $32.3M | ||
| Q1 25 | $-13.9M | $29.7M | ||
| Q4 24 | $-10.2M | $25.3M | ||
| Q3 24 | $22.8M | $27.7M | ||
| Q2 24 | $26.8M | $29.9M |
| Q1 26 | — | — | ||
| 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 26 | — | 13.4% | ||
| Q4 25 | 11.5% | 16.0% | ||
| Q3 25 | 10.7% | 11.6% | ||
| Q2 25 | 7.7% | 14.2% | ||
| Q1 25 | 5.9% | 13.1% | ||
| Q4 24 | 1.3% | 11.6% | ||
| Q3 24 | 9.0% | 11.9% | ||
| Q2 24 | 10.2% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | 6.9% | 11.7% | ||
| Q3 25 | 4.9% | 8.3% | ||
| Q2 25 | 3.2% | 10.1% | ||
| Q1 25 | -3.0% | 9.8% | ||
| Q4 24 | -2.1% | 8.1% | ||
| Q3 24 | 4.1% | 9.1% | ||
| Q2 24 | 4.8% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | $1.44 | $1.65 | ||
| Q3 25 | $1.17 | $1.15 | ||
| Q2 25 | $0.81 | $1.37 | ||
| Q1 25 | $-0.68 | $1.24 | ||
| Q4 24 | $-0.47 | $1.05 | ||
| Q3 24 | $1.09 | $1.15 | ||
| Q2 24 | $1.25 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $150.3M |
| Total DebtLower is stronger | $928.3M | — |
| Stockholders' EquityBook value | $574.0M | $1.6B |
| Total Assets | $1.9B | $2.1B |
| Debt / EquityLower = less leverage | 1.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.3M | ||
| Q4 25 | — | $148.1M | ||
| Q3 25 | — | $172.6M | ||
| Q2 25 | — | $164.9M | ||
| Q1 25 | — | $182.6M | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $256.2M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.6B | ||
| Q4 25 | $574.0M | $1.6B | ||
| Q3 25 | $545.6M | $1.7B | ||
| Q2 25 | $526.8M | $1.7B | ||
| Q1 25 | $498.0M | $1.6B | ||
| Q4 24 | $488.7M | $1.7B | ||
| Q3 24 | $532.3M | $1.7B | ||
| Q2 24 | $509.2M | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $2.0B | $2.2B | ||
| Q2 24 | $1.9B | $2.2B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $87.4M |
| Free Cash FlowOCF − Capex | $28.5M | $77.3M |
| FCF MarginFCF / Revenue | 6.6% | 25.3% |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 1.52× | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $45.1M | $39.2M | ||
| Q3 25 | $49.6M | $60.1M | ||
| Q2 25 | $50.5M | $31.2M | ||
| Q1 25 | $-22.7M | $67.7M | ||
| Q4 24 | $74.7M | $15.9M | ||
| Q3 24 | $29.8M | $51.5M | ||
| Q2 24 | $27.2M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | $28.5M | $27.0M | ||
| Q3 25 | $37.6M | $49.3M | ||
| Q2 25 | $38.4M | $20.4M | ||
| Q1 25 | $-37.0M | $57.3M | ||
| Q4 24 | $56.1M | $4.7M | ||
| Q3 24 | $14.4M | $42.1M | ||
| Q2 24 | $10.1M | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | 6.6% | 8.3% | ||
| Q3 25 | 7.7% | 15.4% | ||
| Q2 25 | 7.6% | 6.3% | ||
| Q1 25 | -8.1% | 18.9% | ||
| Q4 24 | 11.8% | 1.5% | ||
| Q3 24 | 2.6% | 13.8% | ||
| Q2 24 | 1.8% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 3.8% | ||
| Q3 25 | 2.5% | 3.4% | ||
| Q2 25 | 2.4% | 3.4% | ||
| Q1 25 | 3.1% | 3.4% | ||
| Q4 24 | 3.9% | 3.6% | ||
| Q3 24 | 2.8% | 3.1% | ||
| Q2 24 | 3.0% | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | 1.52× | 1.03× | ||
| Q3 25 | 2.08× | 2.26× | ||
| Q2 25 | 3.08× | 0.97× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | 1.31× | 1.86× | ||
| Q2 24 | 1.01× | 0.81× |
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% |
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
