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Side-by-side financial comparison of Koppers Holdings Inc. (KOP) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $432.7M, roughly 1.3× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -33.1%, a 40.0% gap on every dollar of revenue. On growth, WillScot Holdings Corp posted the faster year-over-year revenue change (-6.1% vs -9.3%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $28.5M). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% 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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
KOP vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $432.7M | $566.0M |
| Net Profit | $29.7M | $-187.3M |
| Gross Margin | 25.6% | 50.4% |
| Operating Margin | 11.5% | -32.5% |
| Net Margin | 6.9% | -33.1% |
| Revenue YoY | -9.3% | -6.1% |
| Net Profit YoY | 391.2% | -310.0% |
| EPS (diluted) | $1.44 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $485.3M | $566.8M | ||
| Q2 25 | $504.8M | $589.1M | ||
| Q1 25 | $456.5M | $559.6M | ||
| Q4 24 | $477.0M | $602.5M | ||
| Q3 24 | $554.3M | $601.4M | ||
| Q2 24 | $563.2M | $604.6M | ||
| Q1 24 | $497.6M | $587.2M |
| Q4 25 | $29.7M | $-187.3M | ||
| Q3 25 | $23.8M | $43.3M | ||
| Q2 25 | $16.4M | $47.9M | ||
| Q1 25 | $-13.9M | $43.1M | ||
| Q4 24 | $-10.2M | $89.2M | ||
| Q3 24 | $22.8M | $-70.5M | ||
| Q2 24 | $26.8M | $-46.9M | ||
| Q1 24 | $13.0M | $56.2M |
| Q4 25 | 25.6% | 50.4% | ||
| Q3 25 | 24.1% | 49.7% | ||
| Q2 25 | 22.6% | 50.3% | ||
| Q1 25 | 23.2% | 53.7% | ||
| Q4 24 | 17.5% | 55.8% | ||
| Q3 24 | 21.9% | 53.5% | ||
| Q2 24 | 21.6% | 54.1% | ||
| Q1 24 | 19.3% | 54.0% |
| Q4 25 | 11.5% | -32.5% | ||
| Q3 25 | 10.7% | 21.0% | ||
| Q2 25 | 7.7% | 21.5% | ||
| Q1 25 | 5.9% | 21.3% | ||
| Q4 24 | 1.3% | 28.9% | ||
| Q3 24 | 9.0% | -5.9% | ||
| Q2 24 | 10.2% | -0.9% | ||
| Q1 24 | 7.0% | 22.1% |
| Q4 25 | 6.9% | -33.1% | ||
| Q3 25 | 4.9% | 7.6% | ||
| Q2 25 | 3.2% | 8.1% | ||
| Q1 25 | -3.0% | 7.7% | ||
| Q4 24 | -2.1% | 14.8% | ||
| Q3 24 | 4.1% | -11.7% | ||
| Q2 24 | 4.8% | -7.7% | ||
| Q1 24 | 2.6% | 9.6% |
| Q4 25 | $1.44 | $-1.02 | ||
| Q3 25 | $1.17 | $0.24 | ||
| Q2 25 | $0.81 | $0.26 | ||
| Q1 25 | $-0.68 | $0.23 | ||
| Q4 24 | $-0.47 | $0.48 | ||
| Q3 24 | $1.09 | $-0.37 | ||
| Q2 24 | $1.25 | $-0.25 | ||
| Q1 24 | $0.59 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $14.6M |
| Total DebtLower is stronger | $928.3M | $3.6B |
| Stockholders' EquityBook value | $574.0M | $856.3M |
| Total Assets | $1.9B | $5.8B |
| Debt / EquityLower = less leverage | 1.62× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.6M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $5.9M | ||
| Q1 24 | — | $13.1M |
| Q4 25 | $928.3M | $3.6B | ||
| Q3 25 | $932.9M | $3.6B | ||
| Q2 25 | $977.5M | $3.7B | ||
| Q1 25 | $989.0M | $3.6B | ||
| Q4 24 | $939.5M | $3.7B | ||
| Q3 24 | $989.4M | $3.6B | ||
| Q2 24 | $1.0B | $3.5B | ||
| Q1 24 | $877.6M | $3.5B |
| Q4 25 | $574.0M | $856.3M | ||
| Q3 25 | $545.6M | $1.1B | ||
| Q2 25 | $526.8M | $1.0B | ||
| Q1 25 | $498.0M | $1.0B | ||
| Q4 24 | $488.7M | $1.0B | ||
| Q3 24 | $532.3M | $1.1B | ||
| Q2 24 | $509.2M | $1.2B | ||
| Q1 24 | $505.8M | $1.3B |
| Q4 25 | $1.9B | $5.8B | ||
| Q3 25 | $1.9B | $6.1B | ||
| Q2 25 | $1.9B | $6.1B | ||
| Q1 25 | $1.9B | $6.0B | ||
| Q4 24 | $1.9B | $6.0B | ||
| Q3 24 | $2.0B | $6.0B | ||
| Q2 24 | $1.9B | $6.0B | ||
| Q1 24 | $1.8B | $6.2B |
| Q4 25 | 1.62× | 4.15× | ||
| Q3 25 | 1.71× | 3.39× | ||
| Q2 25 | 1.86× | 3.55× | ||
| Q1 25 | 1.99× | 3.56× | ||
| Q4 24 | 1.92× | 3.62× | ||
| Q3 24 | 1.86× | 3.42× | ||
| Q2 24 | 1.97× | 2.88× | ||
| Q1 24 | 1.74× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $28.5M | $149.7M |
| FCF MarginFCF / Revenue | 6.6% | 26.5% |
| Capex IntensityCapex / Revenue | 3.8% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $67.5M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $158.9M | ||
| Q3 25 | $49.6M | $191.2M | ||
| Q2 25 | $50.5M | $205.3M | ||
| Q1 25 | $-22.7M | $206.6M | ||
| Q4 24 | $74.7M | $178.9M | ||
| Q3 24 | $29.8M | $-1.6M | ||
| Q2 24 | $27.2M | $175.6M | ||
| Q1 24 | $-12.3M | $208.7M |
| Q4 25 | $28.5M | $149.7M | ||
| Q3 25 | $37.6M | $186.9M | ||
| Q2 25 | $38.4M | $199.0M | ||
| Q1 25 | $-37.0M | $202.0M | ||
| Q4 24 | $56.1M | $176.6M | ||
| Q3 24 | $14.4M | $-4.9M | ||
| Q2 24 | $10.1M | $169.4M | ||
| Q1 24 | $-38.6M | $202.1M |
| Q4 25 | 6.6% | 26.5% | ||
| Q3 25 | 7.7% | 33.0% | ||
| Q2 25 | 7.6% | 33.8% | ||
| Q1 25 | -8.1% | 36.1% | ||
| Q4 24 | 11.8% | 29.3% | ||
| Q3 24 | 2.6% | -0.8% | ||
| Q2 24 | 1.8% | 28.0% | ||
| Q1 24 | -7.8% | 34.4% |
| Q4 25 | 3.8% | 1.6% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 2.4% | 1.1% | ||
| Q1 25 | 3.1% | 0.8% | ||
| Q4 24 | 3.9% | 0.4% | ||
| Q3 24 | 2.8% | 0.6% | ||
| Q2 24 | 3.0% | 1.0% | ||
| Q1 24 | 5.3% | 1.1% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 2.08× | 4.41× | ||
| Q2 25 | 3.08× | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | -0.95× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
