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

Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $432.7M, roughly 1.8× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -1.5%, a 8.3% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -9.3%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $28.5M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% 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.

Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.

KOP vs ZS — Head-to-Head

Bigger by revenue
ZS
ZS
1.8× larger
ZS
$788.1M
$432.7M
KOP
Growing faster (revenue YoY)
ZS
ZS
+34.8% gap
ZS
25.5%
-9.3%
KOP
Higher net margin
KOP
KOP
8.3% more per $
KOP
6.9%
-1.5%
ZS
More free cash flow
ZS
ZS
$402.5M more FCF
ZS
$431.0M
$28.5M
KOP
Faster 2-yr revenue CAGR
ZS
ZS
Annualised
ZS
22.5%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KOP
KOP
ZS
ZS
Revenue
$432.7M
$788.1M
Net Profit
$29.7M
$-11.6M
Gross Margin
25.6%
76.6%
Operating Margin
11.5%
-4.6%
Net Margin
6.9%
-1.5%
Revenue YoY
-9.3%
25.5%
Net Profit YoY
391.2%
3.6%
EPS (diluted)
$1.44
$-0.07

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
ZS
ZS
Q4 25
$432.7M
$788.1M
Q3 25
$485.3M
$719.2M
Q2 25
$504.8M
$678.0M
Q1 25
$456.5M
$647.9M
Q4 24
$477.0M
$628.0M
Q3 24
$554.3M
$592.9M
Q2 24
$563.2M
$553.2M
Q1 24
$497.6M
$525.0M
Net Profit
KOP
KOP
ZS
ZS
Q4 25
$29.7M
$-11.6M
Q3 25
$23.8M
$-17.6M
Q2 25
$16.4M
$-4.1M
Q1 25
$-13.9M
$-7.7M
Q4 24
$-10.2M
$-12.1M
Q3 24
$22.8M
$-14.9M
Q2 24
$26.8M
$19.1M
Q1 24
$13.0M
$-28.5M
Gross Margin
KOP
KOP
ZS
ZS
Q4 25
25.6%
76.6%
Q3 25
24.1%
76.1%
Q2 25
22.6%
77.0%
Q1 25
23.2%
77.1%
Q4 24
17.5%
77.5%
Q3 24
21.9%
78.0%
Q2 24
21.6%
78.6%
Q1 24
19.3%
77.7%
Operating Margin
KOP
KOP
ZS
ZS
Q4 25
11.5%
-4.6%
Q3 25
10.7%
-4.5%
Q2 25
7.7%
-3.7%
Q1 25
5.9%
-6.2%
Q4 24
1.3%
-4.9%
Q3 24
9.0%
-4.5%
Q2 24
10.2%
-0.5%
Q1 24
7.0%
-8.7%
Net Margin
KOP
KOP
ZS
ZS
Q4 25
6.9%
-1.5%
Q3 25
4.9%
-2.4%
Q2 25
3.2%
-0.6%
Q1 25
-3.0%
-1.2%
Q4 24
-2.1%
-1.9%
Q3 24
4.1%
-2.5%
Q2 24
4.8%
3.5%
Q1 24
2.6%
-5.4%
EPS (diluted)
KOP
KOP
ZS
ZS
Q4 25
$1.44
$-0.07
Q3 25
$1.17
$-0.11
Q2 25
$0.81
$-0.03
Q1 25
$-0.68
$-0.05
Q4 24
$-0.47
$-0.08
Q3 24
$1.09
$-0.09
Q2 24
$1.25
$0.12
Q1 24
$0.59
$-0.19

Balance Sheet & Financial Strength

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

Metric
KOP
KOP
ZS
ZS
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$928.3M
Stockholders' EquityBook value
$574.0M
$2.0B
Total Assets
$1.9B
$6.5B
Debt / EquityLower = less leverage
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KOP
KOP
ZS
ZS
Q4 25
$1.3B
Q3 25
$2.4B
Q2 25
$2.0B
Q1 25
$1.8B
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.4B
Total Debt
KOP
KOP
ZS
ZS
Q4 25
$928.3M
Q3 25
$932.9M
Q2 25
$977.5M
$1.1B
Q1 25
$989.0M
$1.1B
Q4 24
$939.5M
$1.1B
Q3 24
$989.4M
$1.1B
Q2 24
$1.0B
$1.1B
Q1 24
$877.6M
$1.1B
Stockholders' Equity
KOP
KOP
ZS
ZS
Q4 25
$574.0M
$2.0B
Q3 25
$545.6M
$1.8B
Q2 25
$526.8M
$1.8B
Q1 25
$498.0M
$1.6B
Q4 24
$488.7M
$1.4B
Q3 24
$532.3M
$1.3B
Q2 24
$509.2M
$1.1B
Q1 24
$505.8M
$958.9M
Total Assets
KOP
KOP
ZS
ZS
Q4 25
$1.9B
$6.5B
Q3 25
$1.9B
$6.4B
Q2 25
$1.9B
$5.3B
Q1 25
$1.9B
$5.0B
Q4 24
$1.9B
$4.7B
Q3 24
$2.0B
$4.7B
Q2 24
$1.9B
$4.2B
Q1 24
$1.8B
$3.9B
Debt / Equity
KOP
KOP
ZS
ZS
Q4 25
1.62×
Q3 25
1.71×
Q2 25
1.86×
0.64×
Q1 25
1.99×
0.71×
Q4 24
1.92×
0.80×
Q3 24
1.86×
0.90×
Q2 24
1.97×
1.04×
Q1 24
1.74×
1.19×

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
ZS
ZS
Operating Cash FlowLast quarter
$45.1M
$448.3M
Free Cash FlowOCF − Capex
$28.5M
$431.0M
FCF MarginFCF / Revenue
6.6%
54.7%
Capex IntensityCapex / Revenue
3.8%
2.2%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$67.5M
$924.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KOP
KOP
ZS
ZS
Q4 25
$45.1M
$448.3M
Q3 25
$49.6M
$250.6M
Q2 25
$50.5M
$211.1M
Q1 25
$-22.7M
$179.4M
Q4 24
$74.7M
$331.3M
Q3 24
$29.8M
$203.6M
Q2 24
$27.2M
$173.4M
Q1 24
$-12.3M
$142.1M
Free Cash Flow
KOP
KOP
ZS
ZS
Q4 25
$28.5M
$431.0M
Q3 25
$37.6M
$190.6M
Q2 25
$38.4M
$138.9M
Q1 25
$-37.0M
$164.4M
Q4 24
$56.1M
$314.3M
Q3 24
$14.4M
$154.2M
Q2 24
$10.1M
$137.8M
Q1 24
$-38.6M
$111.2M
FCF Margin
KOP
KOP
ZS
ZS
Q4 25
6.6%
54.7%
Q3 25
7.7%
26.5%
Q2 25
7.6%
20.5%
Q1 25
-8.1%
25.4%
Q4 24
11.8%
50.1%
Q3 24
2.6%
26.0%
Q2 24
1.8%
24.9%
Q1 24
-7.8%
21.2%
Capex Intensity
KOP
KOP
ZS
ZS
Q4 25
3.8%
2.2%
Q3 25
2.5%
8.3%
Q2 25
2.4%
10.6%
Q1 25
3.1%
2.3%
Q4 24
3.9%
2.7%
Q3 24
2.8%
8.3%
Q2 24
3.0%
6.4%
Q1 24
5.3%
5.9%
Cash Conversion
KOP
KOP
ZS
ZS
Q4 25
1.52×
Q3 25
2.08×
Q2 25
3.08×
Q1 25
Q4 24
Q3 24
1.31×
Q2 24
1.01×
9.07×
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%

ZS
ZS

Segment breakdown not available.

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