Koppers Hldgs Financials
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).
FY2025 was a margin-and-cash conversion year, with better economics per sale offsetting lower revenue.
FY2025 delivered a gross margin of23.8% versus20.2% in FY2024, even as sales fell, so the operating improvement came from better unit economics rather than higher volume. Because capex dropped to$55M while free cash flow rose to$67.5M , the year looks more like a cash-harvest period than an expansion year.
The income statement and cash flow statement diverged in a useful way: net income was only
The balance sheet improved at the short end even without more cash, because cash slipped to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Koppers Hldgs's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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 41/100, indicating healthy but not exceptional operating efficiency. This is up from 7.1% the prior year.
Koppers Hldgs's revenue declined 10.2% year-over-year, from $2.1B to $1.9B. This contraction results in a growth score of 22/100.
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.
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.
Koppers Hldgs has a free cash flow margin of 3.6%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.
Koppers Hldgs's ROE of 9.8% shows moderate profitability relative to equity, earning a score of 37/100. This is down from 10.7% the prior year.
Koppers Hldgs scores 2.33, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
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.
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.
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
Earnings & Revenue
Koppers Hldgs generated $1.9B in revenue in fiscal year 2025. This represents a decrease of 10.2% from the prior year.
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.
Koppers Hldgs reported $56.0M in net income in fiscal year 2025. This represents an increase of 6.9% from the prior year.
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
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.
Koppers Hldgs held $38.0M in cash against $914.3M in long-term debt as of fiscal year 2025.
Koppers Hldgs paid $0.32 per share in dividends in fiscal year 2025. This represents an increase of 14.3% from the prior year.
Koppers Hldgs had 20M shares outstanding in fiscal year 2025. This represents a decrease of 4.1% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $455.3M+5.2% | $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 |
| Cost of Revenue | $368.7M+14.5% | $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 |
| Gross Profit | $86.6M-21.8% | $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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $41.7M+13.3% | $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 |
| Operating Income | $22.0M-55.9% | $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 |
| Interest Expense | $15.0M-3.2% | $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 |
| Income Tax | $800K-91.1% | $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 |
| Net Income | $7.1M-76.1% | $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 |
| EPS (Diluted) | $0.35 | N/A | $1.17+44.4% | $0.81+219.1% | $-0.68 | N/A | $1.09-12.8% | $1.25 |
KOP Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B-0.3% | $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 |
| Current Assets | $668.9M0.0% | $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 |
| Cash & Equivalents | $42.8M+12.6% | $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 |
| Inventory | $395.9M-3.7% | $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 |
| Accounts Receivable | $181.0M+14.1% | $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 |
| Goodwill | $329.4M0.0% | $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 |
| Total Liabilities | $1.3B+1.4% | $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 |
| Current Liabilities | $246.5M+8.5% | $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 |
| Long-Term Debt | $915.3M+0.1% | $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 |
| Total Equity | $549.5M-4.3% | $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 |
| Retained Earnings | $544.3M+0.9% | $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 |
KOP Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $46.3M+2.7% | $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 |
| Capital Expenditures | $11.4M-31.3% | $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 |
| Free Cash Flow | $34.9M+22.5% | $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 |
| Investing Cash Flow | -$10.5M+69.3% | -$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 |
| Financing Cash Flow | -$31.0M-176.8% | -$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 |
| Dividends Paid | $2.2M+29.4% | $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 |
| Share Buybacks | $29.0M+491.8% | $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 |
KOP Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.0%-6.6pp | 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% |
| Operating Margin | 4.8%-6.7pp | 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% |
| Net Margin | 1.6%-5.3pp | 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% |
| Return on Equity | 1.3%-3.9pp | 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% |
| Return on Assets | 0.4%-1.2pp | 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% |
| Current Ratio | 2.71-0.2 | 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 |
| Debt-to-Equity | 1.67+0.1 | 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 |
| FCF Margin | 7.7%+1.1pp | 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% |
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Frequently Asked Questions
What is Koppers Hldgs's annual revenue?
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.
How fast is Koppers Hldgs's revenue growing?
Koppers Hldgs (KOP) revenue declined by 10.2% year-over-year, from $2.1B to $1.9B in fiscal year 2025.
Is Koppers Hldgs profitable?
Yes, Koppers Hldgs (KOP) reported a net income of $56.0M in fiscal year 2025, with a net profit margin of 3.0%.
What is Koppers Hldgs's EBITDA?
Koppers Hldgs (KOP) had EBITDA of $241.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Koppers Hldgs have?
As of fiscal year 2025, Koppers Hldgs (KOP) had $38.0M in cash and equivalents against $914.3M in long-term debt.
What is Koppers Hldgs's gross margin?
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.
What is Koppers Hldgs's operating margin?
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.
What is Koppers Hldgs's net profit margin?
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.
Does Koppers Hldgs pay dividends?
Yes, Koppers Hldgs (KOP) paid $0.32 per share in dividends during fiscal year 2025.
What is Koppers Hldgs's return on equity (ROE)?
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.
What is Koppers Hldgs's free cash flow?
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.
What is Koppers Hldgs's operating cash flow?
Koppers Hldgs (KOP) generated $122.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Koppers Hldgs's total assets?
Koppers Hldgs (KOP) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Koppers Hldgs's capital expenditures?
Koppers Hldgs (KOP) invested $55.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Koppers Hldgs's current ratio?
Koppers Hldgs (KOP) had a current ratio of 2.94 as of fiscal year 2025, which is generally considered healthy.
What is Koppers Hldgs's debt-to-equity ratio?
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.
What is Koppers Hldgs's return on assets (ROA)?
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.
What is Koppers Hldgs's Altman Z-Score?
Koppers Hldgs (KOP) has an Altman Z-Score of 2.33, 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.
What is Koppers Hldgs's Piotroski F-Score?
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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Koppers Hldgs's earnings high quality?
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.
Can Koppers Hldgs cover its interest payments?
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.
How financially healthy is Koppers Hldgs?
Koppers Hldgs (KOP) scores 43 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.