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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and Talen Energy Corp (TLN). Click either name above to swap in a different company.

Talen Energy Corp is the larger business by last-quarter revenue ($758.0M vs $432.7M, roughly 1.8× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -47.9%, a 54.8% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% vs -9.3%). Talen Energy Corp produced more free cash flow last quarter ($254.0M vs $28.5M). Over the past eight quarters, Talen Energy Corp's revenue compounded faster (35.0% 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.

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

KOP vs TLN — Head-to-Head

Bigger by revenue
TLN
TLN
1.8× larger
TLN
$758.0M
$432.7M
KOP
Growing faster (revenue YoY)
TLN
TLN
+124.0% gap
TLN
114.7%
-9.3%
KOP
Higher net margin
KOP
KOP
54.8% more per $
KOP
6.9%
-47.9%
TLN
More free cash flow
TLN
TLN
$225.5M more FCF
TLN
$254.0M
$28.5M
KOP
Faster 2-yr revenue CAGR
TLN
TLN
Annualised
TLN
35.0%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KOP
KOP
TLN
TLN
Revenue
$432.7M
$758.0M
Net Profit
$29.7M
$-363.0M
Gross Margin
25.6%
Operating Margin
11.5%
-41.3%
Net Margin
6.9%
-47.9%
Revenue YoY
-9.3%
114.7%
Net Profit YoY
391.2%
-542.7%
EPS (diluted)
$1.44
$-7.60

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
TLN
TLN
Q4 25
$432.7M
$758.0M
Q3 25
$485.3M
$697.0M
Q2 25
$504.8M
$409.0M
Q1 25
$456.5M
$654.0M
Q4 24
$477.0M
$353.0M
Q3 24
$554.3M
$459.0M
Q2 24
$563.2M
$346.0M
Q1 24
$497.6M
$416.0M
Net Profit
KOP
KOP
TLN
TLN
Q4 25
$29.7M
$-363.0M
Q3 25
$23.8M
$207.0M
Q2 25
$16.4M
$72.0M
Q1 25
$-13.9M
$-135.0M
Q4 24
$-10.2M
$82.0M
Q3 24
$22.8M
$168.0M
Q2 24
$26.8M
$454.0M
Q1 24
$13.0M
$294.0M
Gross Margin
KOP
KOP
TLN
TLN
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
TLN
TLN
Q4 25
11.5%
-41.3%
Q3 25
10.7%
37.7%
Q2 25
7.7%
16.1%
Q1 25
5.9%
-16.2%
Q4 24
1.3%
4.5%
Q3 24
9.0%
34.4%
Q2 24
10.2%
7.8%
Q1 24
7.0%
6.0%
Net Margin
KOP
KOP
TLN
TLN
Q4 25
6.9%
-47.9%
Q3 25
4.9%
29.7%
Q2 25
3.2%
17.6%
Q1 25
-3.0%
-20.6%
Q4 24
-2.1%
23.2%
Q3 24
4.1%
36.6%
Q2 24
4.8%
131.2%
Q1 24
2.6%
70.7%
EPS (diluted)
KOP
KOP
TLN
TLN
Q4 25
$1.44
$-7.60
Q3 25
$1.17
$4.25
Q2 25
$0.81
$1.50
Q1 25
$-0.68
$-2.94
Q4 24
$-0.47
$2.07
Q3 24
$1.09
$3.16
Q2 24
$1.25
$7.60
Q1 24
$0.59
$4.84

Balance Sheet & Financial Strength

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

Metric
KOP
KOP
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$689.0M
Total DebtLower is stronger
$928.3M
$6.8B
Stockholders' EquityBook value
$574.0M
$1.1B
Total Assets
$1.9B
$10.9B
Debt / EquityLower = less leverage
1.62×
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KOP
KOP
TLN
TLN
Q4 25
$689.0M
Q3 25
$497.0M
Q2 25
$122.0M
Q1 25
$295.0M
Q4 24
$328.0M
Q3 24
$648.0M
Q2 24
$632.0M
Q1 24
Total Debt
KOP
KOP
TLN
TLN
Q4 25
$928.3M
$6.8B
Q3 25
$932.9M
$3.0B
Q2 25
$977.5M
$3.0B
Q1 25
$989.0M
$3.0B
Q4 24
$939.5M
$3.0B
Q3 24
$989.4M
$2.6B
Q2 24
$1.0B
$2.6B
Q1 24
$877.6M
Stockholders' Equity
KOP
KOP
TLN
TLN
Q4 25
$574.0M
$1.1B
Q3 25
$545.6M
$1.5B
Q2 25
$526.8M
$1.2B
Q1 25
$498.0M
$1.2B
Q4 24
$488.7M
$1.4B
Q3 24
$532.3M
$2.4B
Q2 24
$509.2M
$2.5B
Q1 24
$505.8M
$2.8B
Total Assets
KOP
KOP
TLN
TLN
Q4 25
$1.9B
$10.9B
Q3 25
$1.9B
$6.1B
Q2 25
$1.9B
$5.8B
Q1 25
$1.9B
$5.9B
Q4 24
$1.9B
$6.1B
Q3 24
$2.0B
$6.8B
Q2 24
$1.9B
$7.1B
Q1 24
$1.8B
Debt / Equity
KOP
KOP
TLN
TLN
Q4 25
1.62×
6.23×
Q3 25
1.71×
2.03×
Q2 25
1.86×
2.40×
Q1 25
1.99×
2.54×
Q4 24
1.92×
2.17×
Q3 24
1.86×
1.10×
Q2 24
1.97×
1.05×
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
KOP
KOP
TLN
TLN
Operating Cash FlowLast quarter
$45.1M
$280.0M
Free Cash FlowOCF − Capex
$28.5M
$254.0M
FCF MarginFCF / Revenue
6.6%
33.5%
Capex IntensityCapex / Revenue
3.8%
3.4%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$67.5M
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KOP
KOP
TLN
TLN
Q4 25
$45.1M
$280.0M
Q3 25
$49.6M
$489.0M
Q2 25
$50.5M
$-184.0M
Q1 25
$-22.7M
$119.0M
Q4 24
$74.7M
Q3 24
$29.8M
$96.0M
Q2 24
$27.2M
$-23.0M
Q1 24
$-12.3M
$173.0M
Free Cash Flow
KOP
KOP
TLN
TLN
Q4 25
$28.5M
$254.0M
Q3 25
$37.6M
$468.0M
Q2 25
$38.4M
$-217.0M
Q1 25
$-37.0M
$101.0M
Q4 24
$56.1M
Q3 24
$14.4M
$83.0M
Q2 24
$10.1M
$-43.0M
Q1 24
$-38.6M
$148.0M
FCF Margin
KOP
KOP
TLN
TLN
Q4 25
6.6%
33.5%
Q3 25
7.7%
67.1%
Q2 25
7.6%
-53.1%
Q1 25
-8.1%
15.4%
Q4 24
11.8%
Q3 24
2.6%
18.1%
Q2 24
1.8%
-12.4%
Q1 24
-7.8%
35.6%
Capex Intensity
KOP
KOP
TLN
TLN
Q4 25
3.8%
3.4%
Q3 25
2.5%
3.0%
Q2 25
2.4%
8.1%
Q1 25
3.1%
2.8%
Q4 24
3.9%
Q3 24
2.8%
2.8%
Q2 24
3.0%
5.8%
Q1 24
5.3%
6.0%
Cash Conversion
KOP
KOP
TLN
TLN
Q4 25
1.52×
Q3 25
2.08×
2.36×
Q2 25
3.08×
-2.56×
Q1 25
Q4 24
Q3 24
1.31×
0.57×
Q2 24
1.01×
-0.05×
Q1 24
-0.95×
0.59×

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%

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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