Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026
Basics
Sector
Basic Materials
Industry
Specialty Chemicals
Country
United States
Market cap
790.5M USD
Enterprise value
1.7B USD
Full-time employees
1,859
Overall health
Drawback:less profitable than most peersless profitable than peers
Drawback:growing more slowly than most peersgrowing more slowly than peers
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 1.23 vs a peer median of 0.69) and more debt relative to equity (2.34× vs a peer median of 0.36×)higher risk: bigger price swings (beta 1.23 vs peers 0.69) and more debt vs equity (2.34× vs peers 0.36×)
About average: valuation
Ranks #1,114 of 1,217 basic materials companies (bottom 9%)
Earnings slid into a loss. Loss per share this year after a profit last year.
Koppers made a loss per share in its latest year after a profit the year before.
Much more borrowing than peers.Debt is 2.3× equity vs a peer median of 0.4×.Debt is 2.3× equity vs peers 0.4×.
Debt is 2.3× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 2.3× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 93% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Koppers looks cheaper than 93% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Share count shrinking. Shares outstanding down 8.9% from December 2022 to July 2026.
Koppers had 8.9% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 55 → 54
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-11.0%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364
EBITDA yield2.0%
SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.26Sector median: 0.0854 · MAD: 0.0520
Free cash flow yield17.5%
SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 5.72Sector median: 0.0261 · MAD: 0.0261
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Koppers
Is Koppers getting weaker?
Its latest SEC filing (Aug 6, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating margin fell 10.9 points to -2.2%. Its overall score is unchanged at 22/100 since Oct 28, 2026.
How is Koppers valued vs its peers?
Priced about in line with its peers. Valuation scores 54/100 against 1,371 basic materials peers.Free cash flow yield 17.5% vs a peer median of 2.6% (stronger than 93% of peers).Free cash flow yield 17.5% vs peers 2.6% (stronger than 93% of peers).Earnings yield -11.0% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -11.0% vs peers 3.6% (weaker than 100% of peers).
Is Koppers growing?
More slowly than most of its peers. Growth scores 19/100 against 1,371 basic materials peers.Revenue growth -5.0% vs a peer median of 3.4% (weaker than 74% of peers).Revenue growth -5.0% vs peers 3.4% (weaker than 74% of peers).
How profitable is Koppers?
Less profitable than most of its peers. Profitability scores 10/100 against 1,371 basic materials peers.Return on assets -5.0% vs a peer median of 2.5% (weaker than 93% of peers).Return on assets -5.0% vs peers 2.5% (weaker than 93% of peers).
How risky is Koppers?
Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 2.33× vs a peer median of 1.76× (stronger than 67% of peers).Current ratio 2.33× vs peers 1.76× (stronger than 67% of peers).Debt / equity 2.34× vs a peer median of 0.36× (weaker than 100% of peers).Debt / equity 2.34× vs peers 0.36× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026
Got weaker
Turned to a loss over the last 12 months
Operating margin fell 10.9 points to -2.2%
Operating profit now covers interest only 0.0x
Worth watching: Koppers is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.9B USD
1.9B USD
+0.8%
Net income (12 months)
77.0M USD
−86.9M USD
turned negative
Operating margin
8.7%
-2.2%
−10.9 pts
Free cash flow (12 months)
139.4M USD
138.7M USD
−0.5%
Debt
928.8M USD
905.7M USD
−2.5%
Cash
42.8M USD
40.7M USD
−4.9%
Shares outstanding
19.2M
18.9M
−1.7%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Specialty Chemicals · 32 companies
Valuations in Specialty Chemicals are above their usual range since 2016.
74% of months since 2016 were valued lower than now.
17% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −8% and earnings +13% (medians): earnings grew faster than prices.
Median price-to-sales is −36% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
19.9%
17.4%
19.7%
20.2%
23.8%
▲ 3.6 pts
Operating margin
9.3%
7.0%
9.1%
7.1%
8.9%
▲ 1.8 pts
Net margin
5.1%
3.2%
4.1%
2.5%
3.0%
▲ 0.5 pts
Return on assets (ROA)
5.1%
3.7%
4.9%
2.8%
3.0%
▲ 0.2 pts
Return on equity (ROE)
21.0%
15.9%
17.9%
10.7%
9.8%
▼ 1.0 pts
Free cash flow margin
-1.3%
-0.2%
1.2%
2.0%
3.6%
▲ 1.6 pts
Current ratio
2.20×
1.97×
2.14×
2.09×
2.94×
▲ 41%
Quick ratio
1.10×
0.87×
0.93×
0.85×
1.13×
▲ 34%
Debt to equity
1.94×
2.07×
1.70×
1.92×
1.62×
▼ 16%
Interest coverage
3.86×
3.07×
2.75×
1.94×
2.54×
▲ 31%
KOP price history
Price history is added with the daily price update and will appear after the next one.