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Koppers Hldgs Financials

KOP
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Koppers Hldgs (KOP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 42 / 100
Financial Profile 42/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
42

Koppers Hldgs has an operating margin of 8.9%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is up from 7.1% the prior year.

Growth
16

Koppers Hldgs's revenue declined 10.2% year-over-year, from $2.1B to $1.9B. This contraction results in a growth score of 16/100.

Leverage
70

Koppers Hldgs carries a low D/E ratio of 1.59, meaning only $1.59 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 70/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
56

Koppers Hldgs's current ratio of 2.94 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
34

Koppers Hldgs has a free cash flow margin of 3.6%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
33

Koppers Hldgs's ROE of 9.8% shows moderate profitability relative to equity, earning a score of 33/100. This is down from 10.7% the prior year.

Altman Z-Score Grey Zone
2.30

Koppers Hldgs scores 2.30, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
8/9

Koppers Hldgs passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
2.19x

For every $1 of reported earnings, Koppers Hldgs generates $2.19 in operating cash flow ($122.5M OCF vs $56.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.5x

Koppers Hldgs earns $2.5 in operating income for every $1 of interest expense ($167.8M vs $66.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.9B
YoY-10.2%
5Y CAGR+2.4%
10Y CAGR+1.5%

Koppers Hldgs generated $1.9B in revenue in fiscal year 2025. This represents a decrease of 10.2% from the prior year.

EBITDA
$241.4M
YoY+11.9%
5Y CAGR+2.7%
10Y CAGR+23.4%

Koppers Hldgs's EBITDA was $241.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.9% from the prior year.

Net Income
$56.0M
YoY+6.9%
5Y CAGR-14.4%

Koppers Hldgs reported $56.0M in net income in fiscal year 2025. This represents an increase of 6.9% from the prior year.

EPS (Diluted)
$2.74
YoY+11.4%
5Y CAGR-13.7%

Koppers Hldgs earned $2.74 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$67.5M
YoY+60.7%
5Y CAGR+3.3%
10Y CAGR-2.5%

Koppers Hldgs generated $67.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 60.7% from the prior year.

Cash & Debt
$38.0M
YoY-13.4%
5Y CAGR-0.3%
10Y CAGR+5.7%

Koppers Hldgs held $38.0M in cash against $914.3M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.32
YoY+14.3%

Koppers Hldgs paid $0.32 per share in dividends in fiscal year 2025. This represents an increase of 14.3% from the prior year.

Shares Outstanding
20M
YoY-4.1%
5Y CAGR-1.4%
10Y CAGR-0.5%

Koppers Hldgs had 20M shares outstanding in fiscal year 2025. This represents a decrease of 4.1% from the prior year.

Margins & Returns

Gross Margin
23.8%
YoY+3.6pp
5Y CAGR+2.2pp
10Y CAGR+7.8pp

Koppers Hldgs's gross margin was 23.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.6 percentage points from the prior year.

Operating Margin
8.9%
YoY+1.9pp
5Y CAGR-0.5pp
10Y CAGR+10.8pp

Koppers Hldgs's operating margin was 8.9% in fiscal year 2025, reflecting core business profitability. This is up 1.9 percentage points from the prior year.

Net Margin
3.0%
YoY+0.5pp
5Y CAGR-4.3pp
10Y CAGR+7.4pp

Koppers Hldgs's net profit margin was 3.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity
9.8%
YoY-1.0pp
5Y CAGR-25.9pp

Koppers Hldgs's ROE was 9.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$38.2M
YoY-24.8%
5Y CAGR+88.6%
10Y CAGR+62.4%

Koppers Hldgs spent $38.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.8% from the prior year.

Capital Expenditures
$55.0M
YoY-28.9%
5Y CAGR-4.7%
10Y CAGR+3.1%

Koppers Hldgs invested $55.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 28.9% from the prior year.

KOP Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $432.7M-10.8% $485.3M-3.9% $504.8M+10.6% $456.5M-4.3% $477.0M-13.9% $554.3M-1.6% $563.2M+13.2% $497.6M
Cost of Revenue $321.9M-12.6% $368.3M-5.7% $390.6M+11.4% $350.7M-10.9% $393.4M-9.2% $433.1M-1.9% $441.6M+10.0% $401.4M
Gross Profit $110.8M-5.3% $117.0M+2.5% $114.2M+7.9% $105.8M+26.6% $83.6M-31.0% $121.2M-0.3% $121.6M+26.4% $96.2M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $36.8M-1.9% $37.5M-5.1% $39.5M-3.9% $41.1M-6.6% $44.0M+0.2% $43.9M-4.4% $45.9M+0.9% $45.5M
Operating Income $49.9M-3.7% $51.8M+32.5% $39.1M+44.8% $27.0M+321.9% $6.4M-87.1% $49.7M-13.6% $57.5M+66.2% $34.6M
Interest Expense $15.5M-7.2% $16.7M-3.5% $17.3M+4.2% $16.6M-9.3% $18.3M-9.4% $20.2M-1.9% $20.6M+20.5% $17.1M
Income Tax $9.0M-25.0% $12.0M+60.0% $7.5M+327.3% -$3.3M+26.7% -$4.5M-142.5% $10.6M+3.9% $10.2M+131.8% $4.4M
Net Income $29.7M+24.8% $23.8M+45.1% $16.4M+218.0% -$13.9M-36.3% -$10.2M-144.7% $22.8M-14.9% $26.8M+106.2% $13.0M
EPS (Diluted) N/A $1.17+44.4% $0.81+219.1% $-0.68 N/A $1.09-12.8% $1.25+111.9% $0.59

KOP Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.9B-0.4% $1.9B-1.9% $1.9B+2.1% $1.9B0.0% $1.9B-3.5% $2.0B+0.6% $1.9B+5.6% $1.8B
Current Assets $668.7M-2.1% $682.8M-3.6% $708.0M+2.3% $691.8M+1.6% $680.6M-6.8% $730.1M+1.2% $721.4M+1.9% $707.7M
Cash & Equivalents $38.0M+0.3% $37.9M-1.3% $38.4M+15.3% $33.3M-24.1% $43.9M-1.3% $44.5M-9.0% $48.9M-0.2% $49.0M
Inventory $411.2M+2.7% $400.3M-1.3% $405.4M+0.5% $403.4M-0.3% $404.6M-0.3% $405.9M+0.9% $402.3M+0.8% $399.0M
Accounts Receivable $158.7M-17.4% $192.1M-9.3% $211.7M+3.4% $204.8M+6.8% $191.8M-19.4% $238.0M+6.2% $224.1M+2.7% $218.3M
Goodwill $329.4M+3.8% $317.3M-0.5% $319.0M+0.4% $317.7M+0.2% $317.1M-0.8% $319.8M+0.3% $319.0M+8.8% $293.1M
Total Liabilities $1.3B-2.7% $1.3B-3.9% $1.4B+0.8% $1.4B-0.6% $1.4B-1.8% $1.4B-0.5% $1.4B+7.4% $1.3B
Current Liabilities $227.1M-12.6% $259.8M-4.6% $272.3M+3.9% $262.2M-19.5% $325.8M+13.5% $287.0M+0.7% $284.9M-7.8% $308.9M
Long-Term Debt $914.3M-0.4% $918.3M-4.6% $962.9M-1.3% $975.9M+5.4% $925.9M-5.1% $975.9M-1.1% $986.7M+14.1% $865.1M
Total Equity $574.0M+5.2% $545.6M+3.6% $526.8M+5.8% $498.0M+1.9% $488.7M-8.2% $532.3M+4.5% $509.2M+0.7% $505.8M
Retained Earnings $539.4M+5.5% $511.4M+4.5% $489.3M+3.1% $474.5M-3.2% $490.3M-2.3% $502.0M+4.4% $480.7M+5.6% $455.4M

KOP Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $45.1M-9.1% $49.6M-1.8% $50.5M+322.5% -$22.7M-130.4% $74.7M+150.7% $29.8M+9.6% $27.2M+321.1% -$12.3M
Capital Expenditures $16.6M+38.3% $12.0M-0.8% $12.1M-15.4% $14.3M-23.1% $18.6M+20.8% $15.4M-9.9% $17.1M-35.0% $26.3M
Free Cash Flow $28.5M-24.2% $37.6M-2.1% $38.4M+203.8% -$37.0M-166.0% $56.1M+289.6% $14.4M+42.6% $10.1M+126.2% -$38.6M
Investing Cash Flow -$34.2M-4375.0% $800K+103.7% -$21.7M-23.3% -$17.6M+6.9% -$18.9M-47.7% -$12.8M+88.9% -$115.8M-348.8% -$25.8M
Financing Cash Flow -$11.2M+77.9% -$50.6M-99.2% -$25.4M-188.5% $28.7M+154.5% -$52.7M-127.2% -$23.2M-126.2% $88.6M+285.2% $23.0M
Dividends Paid $1.7M+13.3% $1.5M-6.3% $1.6M0.0% $1.6M+23.1% $1.3M-13.3% $1.5M-6.3% $1.6M+6.7% $1.5M
Share Buybacks $4.9M+19.5% $4.1M-59.4% $10.1M-47.1% $19.1M+1369.2% $1.3M-87.5% $10.4M-67.7% $32.2M+366.7% $6.9M

KOP Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 25.6%+1.5pp 24.1%+1.5pp 22.6%-0.6pp 23.2%+5.6pp 17.5%-4.3pp 21.9%+0.3pp 21.6%+2.3pp 19.3%
Operating Margin 11.5%+0.9pp 10.7%+2.9pp 7.8%+1.8pp 5.9%+4.6pp 1.3%-7.6pp 9.0%-1.2pp 10.2%+3.3pp 7.0%
Net Margin 6.9%+2.0pp 4.9%+1.7pp 3.3%+6.3pp -3.0%-0.9pp -2.1%-6.3pp 4.1%-0.7pp 4.8%+2.2pp 2.6%
Return on Equity 5.2%+0.8pp 4.4%+1.3pp 3.1%+5.9pp -2.8%-0.7pp -2.1%-6.4pp 4.3%-1.0pp 5.3%+2.7pp 2.6%
Return on Assets 1.6%+0.3pp 1.3%+0.4pp 0.9%+1.6pp -0.7%-0.2pp -0.5%-1.7pp 1.2%-0.2pp 1.4%+0.7pp 0.7%
Current Ratio 2.94+0.3 2.63+0.0 2.60-0.0 2.64+0.5 2.09-0.5 2.54+0.0 2.53+0.2 2.29
Debt-to-Equity 1.59-0.1 1.68-0.1 1.83-0.1 1.96+0.1 1.89+0.1 1.83-0.1 1.94+0.2 1.71
FCF Margin 6.6%-1.2pp 7.8%+0.1pp 7.6%+15.7pp -8.1%-19.9pp 11.8%+9.2pp 2.6%+0.8pp 1.8%+9.6pp -7.8%

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Frequently Asked Questions

Koppers Hldgs (KOP) reported $1.9B in total revenue for fiscal year 2025. This represents a -10.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Koppers Hldgs (KOP) revenue declined by 10.2% year-over-year, from $2.1B to $1.9B in fiscal year 2025.

Yes, Koppers Hldgs (KOP) reported a net income of $56.0M in fiscal year 2025, with a net profit margin of 3.0%.

Koppers Hldgs (KOP) reported diluted earnings per share of $2.74 for fiscal year 2025. This represents a 11.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Koppers Hldgs (KOP) had EBITDA of $241.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Koppers Hldgs (KOP) had $38.0M in cash and equivalents against $914.3M in long-term debt.

Koppers Hldgs (KOP) had a gross margin of 23.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Koppers Hldgs (KOP) had an operating margin of 8.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Koppers Hldgs (KOP) had a net profit margin of 3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Koppers Hldgs (KOP) paid $0.32 per share in dividends during fiscal year 2025.

Koppers Hldgs (KOP) has a return on equity of 9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Koppers Hldgs (KOP) generated $67.5M in free cash flow during fiscal year 2025. This represents a 60.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Koppers Hldgs (KOP) generated $122.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Koppers Hldgs (KOP) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Koppers Hldgs (KOP) invested $55.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Koppers Hldgs (KOP) spent $38.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Koppers Hldgs (KOP) had 20M shares outstanding as of fiscal year 2025.

Koppers Hldgs (KOP) had a current ratio of 2.94 as of fiscal year 2025, which is generally considered healthy.

Koppers Hldgs (KOP) had a debt-to-equity ratio of 1.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Koppers Hldgs (KOP) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Koppers Hldgs (KOP) has an Altman Z-Score of 2.30, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Koppers Hldgs (KOP) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Koppers Hldgs (KOP) has an earnings quality ratio of 2.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Koppers Hldgs (KOP) has an interest coverage ratio of 2.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Koppers Hldgs (KOP) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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