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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and TreeHouse Foods, Inc. (THS). Click either name above to swap in a different company.

TreeHouse Foods, Inc. is the larger business by last-quarter revenue ($840.3M vs $432.7M, roughly 1.9× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -31.6%, a 38.5% gap on every dollar of revenue. On growth, TreeHouse Foods, Inc. posted the faster year-over-year revenue change (0.1% vs -9.3%). Over the past eight quarters, TreeHouse Foods, Inc.'s revenue compounded faster (-3.9% 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.

TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4,000 people at 20 facilities. Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, calling them "the biggest company you never heard of". In 2015, the company was the 37th-largest food and bev...

KOP vs THS — Head-to-Head

Bigger by revenue
THS
THS
1.9× larger
THS
$840.3M
$432.7M
KOP
Growing faster (revenue YoY)
THS
THS
+9.4% gap
THS
0.1%
-9.3%
KOP
Higher net margin
KOP
KOP
38.5% more per $
KOP
6.9%
-31.6%
THS
Faster 2-yr revenue CAGR
THS
THS
Annualised
THS
-3.9%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KOP
KOP
THS
THS
Revenue
$432.7M
$840.3M
Net Profit
$29.7M
$-265.8M
Gross Margin
25.6%
18.8%
Operating Margin
11.5%
-30.2%
Net Margin
6.9%
-31.6%
Revenue YoY
-9.3%
0.1%
Net Profit YoY
391.2%
-7717.6%
EPS (diluted)
$1.44
$-5.26

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
THS
THS
Q4 25
$432.7M
Q3 25
$485.3M
$840.3M
Q2 25
$504.8M
$798.0M
Q1 25
$456.5M
$792.0M
Q4 24
$477.0M
$905.7M
Q3 24
$554.3M
$839.1M
Q2 24
$563.2M
$788.5M
Q1 24
$497.6M
$820.7M
Net Profit
KOP
KOP
THS
THS
Q4 25
$29.7M
Q3 25
$23.8M
$-265.8M
Q2 25
$16.4M
$-2.9M
Q1 25
$-13.9M
$-31.8M
Q4 24
$-10.2M
$58.7M
Q3 24
$22.8M
$-3.4M
Q2 24
$26.8M
$-16.7M
Q1 24
$13.0M
$-11.7M
Gross Margin
KOP
KOP
THS
THS
Q4 25
25.6%
Q3 25
24.1%
18.8%
Q2 25
22.6%
17.4%
Q1 25
23.2%
14.5%
Q4 24
17.5%
19.5%
Q3 24
21.9%
15.6%
Q2 24
21.6%
16.3%
Q1 24
19.3%
13.6%
Operating Margin
KOP
KOP
THS
THS
Q4 25
11.5%
Q3 25
10.7%
-30.2%
Q2 25
7.7%
3.4%
Q1 25
5.9%
-0.7%
Q4 24
1.3%
8.9%
Q3 24
9.0%
3.8%
Q2 24
10.2%
-0.5%
Q1 24
7.0%
-0.6%
Net Margin
KOP
KOP
THS
THS
Q4 25
6.9%
Q3 25
4.9%
-31.6%
Q2 25
3.2%
-0.4%
Q1 25
-3.0%
-4.0%
Q4 24
-2.1%
6.5%
Q3 24
4.1%
-0.4%
Q2 24
4.8%
-2.1%
Q1 24
2.6%
-1.4%
EPS (diluted)
KOP
KOP
THS
THS
Q4 25
$1.44
Q3 25
$1.17
$-5.26
Q2 25
$0.81
$-0.06
Q1 25
$-0.68
$-0.63
Q4 24
$-0.47
$1.12
Q3 24
$1.09
$-0.07
Q2 24
$1.25
$-0.32
Q1 24
$0.59
$-0.22

Balance Sheet & Financial Strength

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

Metric
KOP
KOP
THS
THS
Cash + ST InvestmentsLiquidity on hand
$21.0M
Total DebtLower is stronger
$928.3M
$1.5B
Stockholders' EquityBook value
$574.0M
$1.3B
Total Assets
$1.9B
$3.8B
Debt / EquityLower = less leverage
1.62×
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KOP
KOP
THS
THS
Q4 25
Q3 25
$21.0M
Q2 25
$17.1M
Q1 25
$16.4M
Q4 24
$289.6M
Q3 24
$102.0M
Q2 24
$105.8M
Q1 24
$191.8M
Total Debt
KOP
KOP
THS
THS
Q4 25
$928.3M
Q3 25
$932.9M
$1.5B
Q2 25
$977.5M
$1.5B
Q1 25
$989.0M
$1.4B
Q4 24
$939.5M
$1.4B
Q3 24
$989.4M
$1.4B
Q2 24
$1.0B
$1.4B
Q1 24
$877.6M
$1.4B
Stockholders' Equity
KOP
KOP
THS
THS
Q4 25
$574.0M
Q3 25
$545.6M
$1.3B
Q2 25
$526.8M
$1.5B
Q1 25
$498.0M
$1.5B
Q4 24
$488.7M
$1.5B
Q3 24
$532.3M
$1.6B
Q2 24
$509.2M
$1.6B
Q1 24
$505.8M
$1.6B
Total Assets
KOP
KOP
THS
THS
Q4 25
$1.9B
Q3 25
$1.9B
$3.8B
Q2 25
$1.9B
$4.0B
Q1 25
$1.9B
$3.9B
Q4 24
$1.9B
$4.0B
Q3 24
$2.0B
$4.0B
Q2 24
$1.9B
$3.9B
Q1 24
$1.8B
$4.0B
Debt / Equity
KOP
KOP
THS
THS
Q4 25
1.62×
Q3 25
1.71×
1.18×
Q2 25
1.86×
0.98×
Q1 25
1.99×
0.93×
Q4 24
1.92×
0.90×
Q3 24
1.86×
0.90×
Q2 24
1.97×
0.90×
Q1 24
1.74×
0.87×

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
THS
THS
Operating Cash FlowLast quarter
$45.1M
$38.2M
Free Cash FlowOCF − Capex
$28.5M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KOP
KOP
THS
THS
Q4 25
$45.1M
Q3 25
$49.6M
$38.2M
Q2 25
$50.5M
$-47.2M
Q1 25
$-22.7M
$-53.5M
Q4 24
$74.7M
$296.2M
Q3 24
$29.8M
$41.4M
Q2 24
$27.2M
$-19.4M
Q1 24
$-12.3M
$-52.4M
Free Cash Flow
KOP
KOP
THS
THS
Q4 25
$28.5M
Q3 25
$37.6M
Q2 25
$38.4M
Q1 25
$-37.0M
Q4 24
$56.1M
Q3 24
$14.4M
Q2 24
$10.1M
$-42.2M
Q1 24
$-38.6M
$-80.7M
FCF Margin
KOP
KOP
THS
THS
Q4 25
6.6%
Q3 25
7.7%
Q2 25
7.6%
Q1 25
-8.1%
Q4 24
11.8%
Q3 24
2.6%
Q2 24
1.8%
-5.4%
Q1 24
-7.8%
-9.8%
Capex Intensity
KOP
KOP
THS
THS
Q4 25
3.8%
Q3 25
2.5%
Q2 25
2.4%
Q1 25
3.1%
Q4 24
3.9%
Q3 24
2.8%
Q2 24
3.0%
2.9%
Q1 24
5.3%
3.4%
Cash Conversion
KOP
KOP
THS
THS
Q4 25
1.52×
Q3 25
2.08×
Q2 25
3.08×
Q1 25
Q4 24
5.05×
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
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%

THS
THS

Retail Grocery Customers$670.6M80%
Food Away From Home And Other$85.3M10%
Co Manufacturing$84.4M10%

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