Koppers (KOP) financial statements
Koppers reported revenue of $1.9B in fiscal 2025, up 3.2% a year over 9 years.
Net income was $56M and the operating margin 8.9%, against 6.6% in 2016.
Free cash flow was $68M, and the company returned $6M in dividends and $38M in net buybacks.
The diluted share count fell 3% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Koppers's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.6B | $1.6B | $1.7B | $1.7B | $2.0B | $2.2B | $2.1B | $1.9B |
| Cost of revenue | $1.1B | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B | $1.6B | $1.7B | $1.7B | $1.4B |
| Gross profit | $290M | $322M | $302M | $331M | $360M | $334M | $345M | $424M | $423M | $448M |
| Research and development | $7M | $9M | — | — | — | — | — | — | — | — |
| Selling, general and admin | $126M | $132M | $158M | $148M | $143M | $149M | $153M | $174M | $179M | $155M |
| Operating income | $93M | $124M | $84M | $125M | $157M | $156M | $138M | $195M | $148M | $168M |
| Interest expense | $51M | $42M | $54M | $62M | $49M | $40M | $45M | $71M | $76M | $66M |
| Pre-tax income | $38M | $60M | $31M | $64M | $110M | $120M | $95M | $125M | $69M | $81M |
| Income tax | $11M | $29M | $26M | $0 | $21M | $34M | $32M | $35M | $21M | $25M |
| Net income | $29M | $29M | $23M | $67M | $122M | $85M | $63M | $89M | $52M | $56M |
| EPS (diluted) | $1.39 | $1.32 | $1.10 | $3.16 | $5.71 | $3.88 | $2.98 | $4.14 | $2.46 | $2.74 |
| Diluted shares | 21M | 22M | 21M | 21M | 21M | 22M | 21M | 22M | 21M | 20M |
| Gross margin | 20.5% | 21.8% | 19.3% | 20.2% | 21.6% | 19.9% | 17.4% | 19.7% | 20.2% | 23.8% |
| Operating margin | 6.6% | 8.4% | 5.4% | 7.6% | 9.4% | 9.3% | 7.0% | 9.1% | 7.1% | 8.9% |
| Net margin | 2.1% | 2.0% | 1.5% | 4.1% | 7.3% | 5.1% | 3.2% | 4.1% | 2.5% | 3.0% |
Balance sheet
Fiscal years, from Koppers's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $21M | $51M | $41M | $32M | $38M | $46M | $33M | $66M | $44M | $38M |
| Receivables | $137M | $159M | $190M | $162M | $175M | $183M | $216M | $202M | $192M | $159M |
| Inventory | $229M | $237M | $285M | $288M | $296M | $314M | $356M | $396M | $405M | $411M |
| Total current assets | $438M | $507M | $540M | $520M | $564M | $628M | $637M | $699M | $681M | $669M |
| Property, plant and equipment | $281M | $328M | $418M | $359M | $409M | $489M | $557M | $632M | $661M | $651M |
| Goodwill | $186M | $188M | $296M | $296M | $298M | $296M | $294M | $294M | $317M | $329M |
| Total assets | $1.1B | $1.2B | $1.5B | $1.6B | $1.6B | $1.7B | $1.7B | $1.8B | $1.9B | $1.9B |
| Total current liabilities | $293M | $281M | $299M | $296M | $292M | $286M | $324M | $326M | $326M | $227M |
| Long-term debt | $620M | $666M | $979M | $891M | $766M | $782M | $818M | $835M | $926M | $914M |
| Total liabilities | $1.1B | $1.1B | $1.4B | $1.4B | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B | $1.3B |
| Shareholders' equity | $30M | $100M | $56M | $147M | $342M | $407M | $399M | $499M | $489M | $574M |
| Net debt | $642M | $626M | $950M | $869M | $737M | $738M | $784M | $774M | $887M | $881M |
Cash flow
Fiscal years, from Koppers's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $120M | $102M | $78M | $115M | $127M | $103M | $102M | $146M | $119M | $122M |
| Capital spending | $50M | $68M | $110M | $37M | $70M | $125M | $105M | $120M | $77M | $55M |
| Free cash flow | $70M | $34M | -$31M | $78M | $57M | -$22M | -$3M | $26M | $42M | $68M |
| Stock-based compensation | $9M | $11M | $12M | $12M | $11M | $13M | $13M | $17M | $21M | $14M |
| Dividends paid | $0 | $0 | $0 | — | $0 | $0 | $4M | $5M | $6M | $6M |
| Share buybacks (net) | -$300,000 | -$5M | -$32M | -$900,000 | -$2M | -$12M | -$24M | -$20M | -$51M | -$38M |
| Net borrowing | -$32M | -$47M | $80M | -$30M | -$71M | -$10M | -$2M | -$113M | $94M | -$5M |
| Free cash flow margin | 4.9% | 2.3% | -2.0% | 4.8% | 3.4% | -1.3% | -0.2% | 1.2% | 2.0% | 3.6% |
| Dividends per share | — | — | — | — | — | — | $0.20 | $0.23 | $0.28 | $0.31 |
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Open KOP in InvestinglyQuestions
What was Koppers's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Koppers generate?
$68M in fiscal 2025 (operating cash flow minus capital spending).
From Koppers's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.