Koppers Holdings (KOP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Koppers Holdings

NYSE•Basic Materials•Specialty Chemicals

$47.12-0.66(-0.01%)Pre-market

Market Cap

$893.66M

P/S

0.5x

P/B

2.3x

Koppers Holdings Inc. provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. It operates through three segments: Railroad and Utility Products and Services; Performance Chemicals; and Carbon Materials and Chemicals. The company procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings; offers utility products, including pressure treatment of transmission and distribution poles for electric and telephone utilities; untreated wood products and rail joint bars; provides railroad markets and inspection services to the utility markets; and operate a business related to the recovery of used crossties. It also provides copper-based wood preservatives comprising micronized copper azole, micronized pigments, alkaline copper quaternary, amine copper azole, dichloro-octyl-isothiazolinone, chromated copper arsenate under the MicroPro and MicroShades brands for decking, fencing, utility poles, construction lumber and timbers, and various agricultural applications; and supplies fire-retardant chemicals under the FlamePro brand for pressure treatment of wood applications. In addition, the company offers creosote for the treatment of wood or as a feedstock in the production of carbon black; carbon pitch, a raw material used in the production of aluminum and steel; naphthalene for use as a surfactant in the production of concrete; and carbon black feedstock. It serves the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction sectors. Koppers Holdings Inc. was founded in 1988 and is headquartered in Pittsburgh, Pennsylvania.

How this company scores

WeakMetricSide Score: 35/100

Grade capped at D — Interest coverage below 1× (-0.7x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (2/25).

Profitability2/25

Growth5/25

Balance Sheet & Red Flags4/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowCash-backed earningsNo share dilution

Grade capped at D

Interest coverage below 1× (-0.7x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.7x5y range 6.0x – 42.3x

Currently near its 19-quarter median.

P/S · 0.5x5y range 0.2x – 0.5x

Currently above its 20-quarter median.

P/B · 2.3x5y range 0.9x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 120.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $893.66M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.89B
Q. Revenue: $520.10M
TTM EBITDA: $32.60M
TTM Op. Income: $-42.30M
Q. Op. Income: $-166.00M
TTM Net Income: $-86.90M
Q. Net Income: $-147.50M
EPS: $-7.71
Shares Out.: $19.13M

$1.89B in TTM revenue declined 5.0% YoY, reaching $520.10M last quarter. TTM EBITDA of $32.60M and TTM operating income of $-42.30M show growth is flowing through to the bottom line. However, net income is negative at $86.90M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 5% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 21.0%
EBITDA Margin: -28.5%
Op. Margin: -31.9%
Net Margin: -28.4%

Op. margin of -31.9% is down 39.7% YoY — costs are rising relative to revenue. Net margin at -28.4% and gross margin of 21.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.5x
P/B Ratio: 2.3x

P/S of 0.5x and P/B of 2.3x. P/S is low relative to typical market levels. Over the past year, P/E is down 57% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.72B
Cash: $40.70M
Long-Term Debt: $892.70M
Book Value: $387.00M
D/E Ratio: 2.3
Debt/EBITDA: N/A

With $1.72B in assets and $892.70M in long-term debt, D/E is 2.3and book value is $387.00M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $50.00M
TTM Free Cash Flow: $138.70M
FCF Margin: 7.3%
FCF / Net Income: -1.6

TTM FCF of $138.70M on $50.00M in operating cash flow. The FCF / Net Income ratio of -1.6x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 93% — a weakening trend.