KOP
Koppers Holdings Inc.
Next earnings Aug 6, 2026 · consensus $1.13 EPS, $511M rev
Last earnings +6.9% on 2026-05-08
$45.12
▲ +0.94%$45.12▲ +43.36%
over 1Y
L $26.16EODHDH $45.12
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.9%
1W+1.6%
1M+5.8%
3M+19.2%
YTD+70.0%
1Y+43.4%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 7 analysts
Buy
Cheap, deleveraging wood-products operator with margin gains masked by a 10% revenue slide and segment-wide volume losses.
Revenue $1.88B · FY2025
The read
Middling fundamentals and a rich price (~51% above fair value) leave little margin of safety — a wait-and-see.
Koppers is a classically cheap industrial — 16x earnings, 0.5x sales, $876M market cap on $1.88B of revenue — but the cheapness reflects real top-line erosion. FY2025 revenue fell 10.2% YoY with every segment down: Railroad/Utility Products -1.7% on weaker Class I crosstie volumes and the divested railroad bridge services business, Performance Chemicals -16.5% on a 17% volume decline driven by U.S. market-share loss, and Carbon Materials -17.9% as management ceased phthalic anhydride production in Q2 2025 and carbon pitch prices fell 6% globally. Three segments shrinking simultaneously is not a one-off — it is a structural softening, and the 'historically...lower in the first and fourth calendar quarters' seasonality language in Item 1A means Q1 2026 numbers will not rescue sentiment.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.68B | $1.98B | $2.15B | $2.09B | $1.88B |
| Gross profit | — | — | — | — | — |
| Operating income | $157M | $138M | $195M | $148M | $168M |
| Net income | $85.2M | $63.4M | $89.2M | $52.4M | $56.0M |
| Diluted EPS | $3.88 | $2.98 | $4.14 | $2.46 | $2.74 |
| Net margin | 5.1% | 3.2% | 4.1% | 2.5% | 3.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.77B
EV / EBITDA7.3
EV / Sales0.9
EV / FCF26.2
P / FCF13.1
PEG (trailing)2.40
Earnings yield6.3%
FCF yield7.6%
Quality & risk
ROIC (est.)8.9%
Free cash flow$67.5M
Total debt$919M
Net cash-$881M
Altman Z-Score2.38 grey
Piotroski F-Score7/8
Capital returns
Buyback yield4.3%
Dividend yield (est.)0.7%
Shareholder yield5.0%
Shares Δ YoY-4.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
- 8-K Officer / director change2026-05-11
Officer/director change disclosed alongside Reg FD investor update.
- 8-K Exit / restructuring costs2026-05-08
Q1'26 10-Q reflects phthalic anhydride exit and rail-bridge divestiture impact on sales.
- 10-Q Quarterly report2026-05-08
Q1'26 10-Q reflects phthalic anhydride exit and rail-bridge divestiture impact on sales.
- 8-K/A Amended 8-K2026-05-07
Amendment to prior 8-K with revised exhibits/disclosure.
- DEF 14A Proxy statement2026-03-27
2026 proxy: director slate, executive comp, auditor ratification.
- 8-K/A Amended 8-K2026-03-18
Amendment to prior 8-K filing.
- 8-K Earnings results2026-02-26
FY25 10-K: rev -10%, EPS +11% to $2.74, ceased phthalic anhydride, net leverage 3.3x.
- 10-K Annual report2026-02-26
FY25 10-K: rev -10%, EPS +11% to $2.74, ceased phthalic anhydride, net leverage 3.3x.
- 8-K Officer / director change2026-01-09
Officer transition plus other corporate event disclosure.
Recent filings
all on EDGAR ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-112026-06-15open ↗4Period ending 2026-06-032026-06-04open ↗4Period ending 2026-05-262026-05-27open ↗3Period ending 2026-05-262026-05-27open ↗SCHEDULE 13DFiling2026-05-19open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-132026-05-14open ↗
Frequently asked
- Is Koppers Holdings Inc. (KOP) a buy?
- KOP currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cheap, deleveraging wood-products operator with margin gains masked by a 10% revenue slide and segment-wide volume losses.
- What is KOP's fair value?
- A Modified-Graham model based on KOP's SEC fundamentals estimates a fair value of about $22.13. It is an estimate from reported earnings, not a price target.
- Is KOP overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, KOP currently appears overvalued relative to its SEC-grounded earnings power.
- What is Koppers Holdings Inc.'s quality score?
- KOP scores 65.19607843137254/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001315257, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/25/2026, 2:51:50 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.