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Koppers Holdings Inc. (KOP)

NYSE / Basic Materials / Chemicals - Specialty

Share price

43.44 USD Market dataClose of Oct 15, 2026

Market capitalisation

821.5M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 26, 2026
Ratios computed
Oct 15, 2026
Filed years
17, FY2008 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

7.4% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

15.40x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

7.6% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 1.42B USDFY2016 Net income: 29.3M USDFY2017 Revenue: 1.48B USDFY2017 Net income: 29.1M USDFY2018 Revenue: 1.56B USDFY2018 Net income: 23.4M USDFY2019 Revenue: 1.64B USDFY2019 Net income: 66.6M USDFY2020 Revenue: 1.67B USDFY2020 Net income: 122.0M USDFY2021 Revenue: 1.68B USDFY2021 Net income: 85.2M USDFY2022 Revenue: 1.98B USDFY2022 Net income: 63.4M USDFY2023 Revenue: 2.15B USDFY2023 Net income: 89.2M USDFY2024 Revenue: 2.09B USDFY2024 Net income: 52.4M USDFY2025 Revenue: 1.88B USDFY2025 Net income: 56.0M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
4 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 15.40x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Basic Materials sector (124 companies), 15.40x sits at the 31st percentile; the middle half of that group runs from 14.77x to 34.48x.

Is it good

Return on invested capital was 7.4% in FY2025, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Basic Materials sector (91 companies), 7.4% sits at the 49th percentile; the middle half of that group runs from 0.8% to 12.7%.

Is it safe

Interest coverage was 2.54x in FY2025, in the band labelled "Speculative grade" (1.50x to 3.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether Koppers Holdings Inc.'s return on invested capital stayed above the median of the Basic Materials sector, year by year. (FY2023 to FY2025, 3 fiscal years of Koppers Holdings Inc. with a comparable figure)
The direction
Which way Koppers Holdings Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Koppers Holdings Inc.)
What could explain it
What in Koppers Holdings Inc.'s filed statements could explain the movements. (11 readings drawn from the statement lines Koppers Holdings Inc. filed)
What to check next
What to check next on Koppers Holdings Inc., and where in its filings. (5 questions for Koppers Holdings Inc.)
In one paragraph
One paragraph on Koppers Holdings Inc.'s returns, cash, balance sheet and price. (16 of sixteen figures read for Koppers Holdings Inc.)

These are KOP’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research KOPPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 26, 2026, accession 0001315257-26-000012.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Koppers Holdings Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax7.4% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Return on equity9.8% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Return on capital employed, pre-tax10.1% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Return on assets3.0% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Gross margin23.8% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Operating margin8.9% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Net margin3.0% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
KOP 3.0%
ODC 11.5%REX 14.6%KRO -6.0%GPRE -5.8%SCL 2.0%
-6.0%14.6%
Net margin: KOP against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Koppers Holdings Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.78 ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Current ratio2.94 ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Quick ratio1.13 ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Interest coverage2.54x ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Altman Z-score2.38 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Net debt984.5M ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Total assets 1.89BTotal liabilities 1.31BShareholders' equity 574.0MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Koppers Holdings Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 26, 2026, 0001315257-26-000012).

Koppers Holdings Inc: balance sheet position
Total assets1.89B FiledFY2025 10-K, filed Feb 26, 2026
Total liabilities1.31B FiledFY2025 10-K, filed Feb 26, 2026
Shareholders' equity574.0M FiledFY2025 10-K, filed Feb 26, 2026
Cash38.0M FiledFY2025 10-K, filed Feb 26, 2026
Total debt1.02B FiledFY2025 10-K, filed Feb 26, 2026
Net debt984.5M
Current ratio2.94
Debt to equity1.78

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Koppers Holdings Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings15.40x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
P/E on trailing twelve months13.54x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.54x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Price to sales0.47x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Enterprise value to EBIT11.15x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Enterprise value to EBITDA7.75x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Diluted earnings per share2.74 USD FiledFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Graham number42.25 USD ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012

We publish no fair value or price target of our own. Value KOP on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Koppers Holdings Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Koppers Holdings Inc: valuation
Share price43.44 USD
Market capitalisation821.5M USD
Enterprise value to EBITDA7.75x
Graham number42.25 USD
Diluted earnings per share, FY20252.74 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 2.65x, median 11.58x, high 50.70x, latest 13.54x. 2,374 trading days with a meaningful ratio, 148 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Koppers Holdings Inc

  1. Oil-Dri Corporation of America (ODC)Market cap 1.09B USD
  2. REX American Resources Corporation (REX)Market cap 1.39B USD
  3. Kronos Worldwide, Inc. (KRO)Market cap 851.7M USD
  4. Green Plains Inc. (GPRE)Market cap 1.00B USD
  5. Stepan Company (SCL)Market cap 1.41B USD

Same industry (Chemicals - Specialty) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Koppers Holdings Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield7.6% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Free cash flow67.5M USD ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Free cash flow margin3.6% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Dividend yield0.8% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Payout ratio11.4% ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
FY2016 Free cash flow: 69.6M USDFY2016 Net income: 29.3M USDFY2017 Free cash flow: 34.3M USDFY2017 Net income: 29.1M USDFY2018 Free cash flow: -31.4M USDFY2018 Net income: 23.4M USDFY2019 Free cash flow: 78.1M USDFY2019 Net income: 66.6M USDFY2020 Free cash flow: 57.3M USDFY2020 Net income: 122.0M USDFY2021 Free cash flow: -22.0M USDFY2021 Net income: 85.2M USDFY2022 Free cash flow: -3.0M USDFY2022 Net income: 63.4M USDFY2023 Free cash flow: 25.6M USDFY2023 Net income: 89.2M USDFY2024 Free cash flow: 42.0M USDFY2024 Net income: 52.4M USDFY2025 Free cash flow: 67.5M USDFY2025 Net income: 56.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Koppers Holdings Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
15.40xFY2025Oct 15, 2026
1.54xFY2025Oct 15, 2026
11.15xFY2025Oct 15, 2026
7.6%FY2025Oct 15, 2026
7.4%FY2025Feb 26, 2026
0.8%FY2025Oct 15, 2026
1.78FY2025Feb 26, 2026
2.94FY2025Feb 26, 2026
0.47xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
2.38FY2025Oct 15, 2026
-2.64FY2025Feb 26, 2026
8/9FY2025Feb 26, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 17 filed fiscal years on record, FY2008 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Koppers Holdings Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Koppers Holdings Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20251.88B167.8M56.0M2.7467.5M8.9%9.8%10-K, Feb 26, 20260001315257-26-000012
FY20242.09B148.2M52.4M2.4642.0M7.1%10.7%10-K, Feb 27, 20250000950170-25-028542
FY20232.15B195.2M89.2M4.1425.6M9.1%17.9%10-K, Feb 28, 20240000950170-24-021787
FY20221.98B137.7M63.4M2.98-3.0M7.0%15.9%10-K, Feb 27, 20230000950170-23-004546
FY20211.68B156.5M85.2M3.88-22.0M9.3%20.9%10-K, Feb 23, 20220001564590-22-006039
FY20201.67B156.7M122.0M5.7157.3M9.4%35.7%10-K, Feb 24, 20210001564590-21-007979
FY20191.64B125.0M66.6M3.1678.1M7.6%45.2%10-K, Feb 27, 20200001564590-20-006973
FY20181.56B84.4M23.4M1.10-31.4M5.4%41.6%10-K, Mar 1, 20190001564590-19-005736
FY20171.48B123.6M29.1M1.3234.3M8.4%29.1%10-K, Feb 27, 20180001564590-18-003507
FY20161.42B93.4M29.3M1.3969.6M6.6%96.4%10-K, Feb 24, 20170001564590-17-002413
  • Revenue, compound annual growth FY2016 to FY2025: 3.2%
  • Earnings, compound annual growth FY2016 to FY2025: 7.5%
  • Earnings per share, compound annual growth FY2016 to FY2025: 7.8%
  • Free cash flow, compound annual growth FY2016 to FY2025: -0.3%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Koppers Holdings Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.64 ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Piotroski F-score8/9 ComputedFY2025 10-K, filed Feb 26, 2026, 0001315257-26-000012
Named tests met4 of 30 Computed
Beta0.93 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 4 met, 26 not met, 0 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
ROIC at or above WACC; Owner earnings yield; Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Figures we could not read(1)
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • One figure could not be read on this company: PEG Ratio.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.