Friday 6 November 2026
Export KOP’s income statement to Excel — free account
Koppers Holdings Inc.
KOP Basic Materials Specialty Chemicals
Koppers Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 10.2% from fiscal 2024.
- Revenue
- +2.84%
- EPS
- −35.5%
- Free cash flow
- −2.84%
- Total debt
- −3.79%
Quarter to September 2026, against a year earlier
33.19
6.45
−16.27%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1,416 | 1,476 | 1,563 | 1,637 | 1,669 | 1,679 | 1,981 | 2,154 | 2,092 | 1,879 | 1,907 | +3.2% | 1,938 | 2,014 | 2,027 | +2.6% | |
| Gross margin, % | 20.48 | 21.83 | 19.31 | 20.20 | 21.59 | 19.90 | 17.40 | 19.71 | 20.20 | 23.83 | 21.27 | +3.4 pt | ||||||
| EBT | 39 | 60 | 31 | 64 | 110 | 120 | 95 | 125 | 69 | 81 | (117) | +8.6% | ||||||
| EBT margin, % | 2.72 | 4.09 | 2.00 | 3.89 | 6.60 | 7.12 | 4.82 | 5.78 | 3.31 | 4.32 | (6.13) | +1.6 pt | ||||||
| Net income | 28 | 31 | 29 | 67 | 121 | 85 | 63 | 90 | 49 | 56 | (96) | +8.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 68.63 | 71.09 | 74.87 | 79.22 | 79.51 | 79.04 | 94.41 | 103.39 | 101.27 | 94.65 | 101.05 | +3.6% | |||||
| Earnings | 1.42 | 1.40 | 1.12 | 3.23 | 5.81 | 4.00 | 3.02 | 4.28 | 2.54 | 2.82 | (5.05) | +7.9% | ||||||
| Cash flow | 5.79 | 4.91 | 3.75 | 5.58 | 6.05 | 4.85 | 4.88 | 7.01 | 5.78 | 6.17 | 9.11 | +0.7% | ||||||
| Capex | (2.42) | (3.25) | (5.26) | (1.80) | (3.33) | (5.89) | (4.81) | (5.65) | (3.63) | (2.51) | 0.00 | +0.4% | ||||||
| Free cash flow | 3.37 | 1.65 | (1.50) | 3.78 | 2.73 | (1.04) | 0.07 | 1.36 | 2.15 | 3.66 | 9.11 | +0.9% | ||||||
| Book value | 1.68 | 5.10 | 3.21 | 7.68 | 16.48 | 19.34 | 19.21 | 24.14 | 23.67 | 28.92 | 21.33 | +37.2% | ||||||
| Shares, m | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 20 | 19 | (0.4%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 28.63 | 36.29 | 15.21 | 11.87 | 5.38 | 7.83 | 9.41 | 11.79 | 12.86 | 9.40 | 0.00 | 14.9 | |||||
| P/S | 0.59 | 0.71 | 0.23 | 0.48 | 0.39 | 0.40 | 0.30 | 0.49 | 0.32 | 0.29 | 0.32 | 0.4 | ||||||
| P/B | 24.24 | 9.97 | 5.31 | 4.98 | 1.89 | 1.62 | 1.48 | 2.09 | 1.37 | 0.94 | 1.53 | 5.4 | ||||||
| EV/Sales | 1.05 | 1.13 | 0.84 | 1.01 | 0.83 | 0.84 | 0.71 | 0.85 | 0.74 | 0.76 | 0.77 | 0.9 | ||||||
| EV/FCF | 21.27 | 48.72 | (41.57) | 21.24 | 24.28 | (63.76) | 1,001.27 | 64.28 | 35.05 | 19.52 | 11.95 | 113.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 120 | 102 | 78 | 115 | 127 | 103 | 102 | 146 | 119 | 123 | 172 | +0.3% | |||||
| Capex | (50) | (67) | (110) | (37) | (70) | (125) | (101) | (118) | (75) | (50) | (50) | 0.0% | ||||||
| Free cash flow | 70 | 34 | (31) | 78 | 57 | (22) | 1 | 28 | 44 | 73 | 172 | +0.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 145 | 226 | 242 | 223 | 272 | 342 | 313 | 373 | 355 | 442 | 390 | +13.2% | |||||
| Net debt | 642 | 617 | 950 | 869 | 737 | 738 | 805 | 774 | 887 | 881 | 845 | +3.6% | ||||||
| Shareholders’ equity | 35 | 106 | 67 | 159 | 346 | 411 | 403 | 503 | 489 | 574 | 403 | +36.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 2.66 | 2.54 | 1.75 | 4.38 | 7.71 | 5.23 | 3.76 | 5.03 | 2.81 | 2.97 | (5.32) | +0.3 pt | |||||
| ROIC | 8.63 | 10.69 | 5.19 | 7.60 | 9.04 | 8.51 | 7.12 | 9.55 | 6.73 | 7.21 | (3.19) | (1.4) pt | ||||||
| ROE | 263.96 | 41.45 | 27.08 | 59.02 | 48.35 | 22.52 | 15.58 | 19.69 | 10.56 | 10.53 | (20.24) | (253.4) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 1,853 | 1,800 | 2,229 | 2,120 | 2,061 | 2,088 | 2,119 | 2,108 | 2,082 | 1,859 | — | 0.0% | |||||
| Revenue/emp, $m | 0.76 | 0.82 | 0.70 | 0.77 | 0.81 | 0.80 | 0.93 | 1.02 | 1.00 | 1.01 | — | +3.2% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Koppers Holdings Inc. vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SCL Stepan Company | $1.5B | 361× | — (loss-making) | +17.26% (above 0%: growing) | +65.47% (above 0%: growing) | −4.42% (below 0%: shrinking) | 12.65% | 3.75% | Compare |
| ECVT Ecovyst Inc. | $1.1B | — (loss-making) | 14.5× | +41.97% (above 0%: growing) | +40.00% (above 0%: growing) | −66.55% (below 0%: shrinking) | 19.94% | 7.75% | Compare |
| ODC Oil-Dri Corporation Of America | $920.5M | 16.5× | 37.5× | +3.26% (above 0%: growing) | +11.46% (above 0%: growing) | −20.76% (below 0%: shrinking) | 27.83% | 14.11% | Compare |
| KRO Kronos Worldwide Inc | $819.5M | — (loss-making) | — (loss-making) | +18.43% (above 0%: growing) | n/m | +326.44% (above 0%: growing) | 23.54% | 10.70% | Compare |
| KOP Koppers Holdings Inc. | $749.7M | — (loss-making) | — (loss-making) | +3.03% (above 0%: growing) | −1,028.92% (below 0%: shrinking) | −2.84% (below 0%: shrinking) | 20.96% | (31.92%) | |
| MATV Mativ Holdings, Inc. | $682.2M | 7.5× | — (loss-making) | −2.76% (below 0%: shrinking) | n/m | −28.57% (below 0%: shrinking) | 19.56% | 3.98% | Compare |
| LWLG Lightwave Logic Inc. | $588.2M | — (loss-making) | — (loss-making) | +28.13% (above 0%: growing) | n/m | −79.80% (below 0%: shrinking) | 100.00% | (22,161.89%) | Compare |
| ASPN Aspen Aerogels, Inc. | $428.2M | — (loss-making) | — (loss-making) | +16.66% (above 0%: growing) | n/m | −93.09% (below 0%: shrinking) | 24.15% | (8.36%) | Compare |
| MNTK Montauk Renewables, Inc. | $343.0M | 38.8× | 16.6× | +19.71% (above 0%: growing) | n/m | +60.35% (above 0%: growing) | 100.00% | (0.14%) | Compare |
| Median of peers | $750.8M | 27.7× | 16.6× | +17.85% | +40.00% | −24.66% | 23.85% | 3.87% |
Pay and ownership Proxy statement filed 27 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 6.36m | 1.08m | 89.66 |
| 2024 | 5.88m | (3.00m) | 106.14 |
| 2023 | 5.96m | 17.57m | 166.69 |
| 2022 | 5.77m | 2.90m | 91.17 |
| 2021 | 5.20m | 3.80m | 100.45 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement