Koppers Holdings Inc. KOP
We are a leading integrated global provider of treated wood products, wood preservation chemicals and carbon compounds. Our products and services are used in a variety of niche applications in a diverse range of end-markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber and construction industries. We serve our customers through a comprehensive global manufacturing and distribution network, with manufacturing capabilities in North America, South America, Australasia and Europe.
We operate three principal business segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC) and Carbon Materials and Chemicals (CMC).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.88B | $2.09B | $2.15B | $1.98B | $1.68B | $1.67B | $1.64B | $1.56B | $1.48B | $1.42B |
| Cost of revenue | $1.43B | $1.67B | $1.73B | $1.64B | $1.34B | $1.31B | $1.31B | $1.26B | $1.15B | $1.13B |
| Gross profit | $447.8M | $422.6M | $424.5M | $344.6M | $334.1M | $360.4M | $330.7M | $301.8M | $322.1M | $290.0M |
| R&D | — | — | — | — | — | — | — | — | $9.0M | $6.6M |
| SG&A | $154.9M | $179.3M | $174.1M | $153.3M | $148.9M | $143.1M | $148.3M | $158.2M | $132.5M | $125.7M |
| Operating income | $167.8M | $148.2M | $195.2M | $137.7M | $156.5M | $156.7M | $125.0M | $84.4M | $123.6M | $93.4M |
| Interest expense | $66.1M | $76.2M | $71.0M | $44.8M | $40.5M | $48.9M | $61.7M | $54.1M | $42.5M | $50.8M |
| Pre-tax income | $81.2M | $69.3M | $124.6M | $95.4M | $119.6M | $110.1M | $63.7M | $31.2M | $60.3M | $38.5M |
| Income tax | $25.2M | $20.7M | $34.8M | $31.6M | $34.5M | $21.0M | $0 | $25.7M | $29.0M | $11.4M |
| Net income | $56.0M | $52.4M | $89.2M | $63.4M | $85.2M | $122.0M | $66.6M | $23.4M | $29.1M | $29.3M |
| EPS, basic | 2.82 | 2.54 | 4.28 | 3.02 | 4.00 | 5.81 | 3.22 | 1.12 | 1.40 | 1.42 |
| EPS, diluted | 2.74 | 2.46 | 4.14 | 2.98 | 3.88 | 5.71 | 3.16 | 1.10 | 1.32 | 1.39 |
| Shares, diluted (wtd. avg.) | $20.4M | $21.3M | $21.5M | $21.3M | $21.9M | $21.4M | $21.1M | $21.3M | $22.0M | $21.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $38.0M | $43.9M | $66.5M | $33.3M | $45.5M | $38.5M | $32.3M | $37.4M | $50.9M | $20.8M |
| Receivables | $158.7M | $191.8M | $202.4M | $215.7M | $182.8M | $175.1M | $161.7M | $189.7M | $159.2M | $136.8M |
| Inventory | $411.2M | $404.6M | $395.7M | $355.7M | $313.8M | $295.8M | $288.5M | $284.7M | $236.9M | $228.7M |
| Total current assets | $668.7M | $680.6M | $699.0M | $636.8M | $628.1M | $564.5M | $519.5M | $540.3M | $506.7M | $438.1M |
| Property, plant and equipment | $650.9M | $660.8M | $631.7M | $557.3M | $489.1M | $409.1M | $358.8M | $417.9M | $328.0M | $280.8M |
| Goodwill | $329.4M | $317.1M | $294.4M | $294.0M | $296.0M | $297.8M | $296.1M | $296.5M | $188.2M | $186.4M |
| Other intangibles | $106.7M | $119.0M | $102.2M | $116.1M | $131.5M | $149.8M | $168.4M | $188.0M | $129.6M | $141.9M |
| Total assets | $1.89B | $1.89B | $1.84B | $1.71B | $1.66B | $1.60B | $1.56B | $1.48B | $1.20B | $1.09B |
| Accounts payable | $122.4M | $179.1M | $202.9M | $207.4M | $171.9M | $154.1M | $162.8M | $177.2M | $141.9M | $144.2M |
| Short-term debt | $4.9M | $4.9M | $5.0M | $0 | $2.0M | $10.1M | $10.2M | $11.6M | $11.4M | $42.6M |
| Total current liabilities | $227.1M | $325.8M | $325.9M | $324.0M | $285.7M | $292.1M | $296.2M | $298.7M | $281.2M | $293.1M |
| Long-term debt | $914.3M | $925.9M | $835.4M | $817.7M | $781.5M | $765.8M | $891.0M | $978.8M | $665.6M | $619.8M |
| Total liabilities | $1.31B | $1.40B | $1.33B | $1.31B | $1.25B | $1.25B | $1.41B | $1.41B | $1.09B | $1.05B |
| Retained earnings | $539.4M | $490.3M | $444.0M | $360.2M | $300.9M | $215.8M | $93.8M | $27.2M | $7.4M | -$24.7M |
| Total equity | $574.0M | $488.7M | $503.0M | $403.0M | $410.8M | $346.0M | $158.7M | $67.0M | $105.8M | $34.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $122.5M | $119.4M | $146.1M | $102.3M | $103.0M | $127.1M | $115.3M | $78.3M | $101.8M | $119.5M |
| Depreciation and amortisation | $57.6M | $51.7M | $42.5M | $41.2M | $39.4M | $33.7M | $30.7M | $27.7M | — | — |
| Stock-based compensation | $13.8M | $20.8M | $17.3M | $13.2M | $13.0M | $11.3M | $12.1M | $12.5M | $10.6M | $8.9M |
| Capital expenditure | $55.0M | $77.4M | $120.5M | $105.3M | $125.0M | $69.8M | $37.2M | $109.7M | $67.5M | $49.9M |
| Investing cash flow | -$72.7M | -$173.3M | -$116.0M | -$114.8M | -$89.5M | $5.6M | -$33.8M | -$376.4M | -$56.5M | -$53.7M |
| Financing cash flow | -$58.5M | $35.7M | $2.6M | $4.8M | -$4.0M | -$128.7M | -$88.7M | $282.8M | -$5.9M | -$62.7M |
| Dividends paid | $6.4M | $5.9M | $5.0M | $4.2M | $0 | $0 | — | $0 | $0 | $0 |
| Buybacks | $38.2M | $50.8M | $20.1M | $23.6M | $11.5M | $1.6M | $900.0K | $31.8M | $5.2M | $300.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001315257-26-000012.
Others in SIC 2400
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LPX | LOUISIANA-PACIFIC CORP | $4.77B | 32.8x | -7.9% |
| TREX | TREX CO INC | $4.65B | 25.6x | 2.0% |
| NWGL | CL Workshop Group Ltd | — | — | -15.4% |