Koppers (KOP)
Market Price (12/29/2025): $26.93 | Market Cap: $529.3 MilSector: Materials | Industry: Commodity Chemicals
Koppers (KOP)
Market Price (12/29/2025): $26.93Market Cap: $529.3 MilSector: MaterialsIndustry: Commodity Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldFCF Yield is 18% | Weak multi-year price returns2Y Excs Rtn is -90%, 3Y Excs Rtn is -88% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 187% |
| Low stock price volatilityVol 12M is 40% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%, Rev Chg QQuarterly Revenue Change % is -12% | |
| Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable Infrastructure, and Water Infrastructure. Themes include Specialty Chemicals for Performance, Show more. | Key risksKOP key risks include [1] its heavy debt load and [2] losing margin and market share in its key Performance Chemicals segment due to intensifying competition. |
| Attractive yieldFCF Yield is 18% |
| Low stock price volatilityVol 12M is 40% |
| Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable Infrastructure, and Water Infrastructure. Themes include Specialty Chemicals for Performance, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -90%, 3Y Excs Rtn is -88% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 187% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%, Rev Chg QQuarterly Revenue Change % is -12% |
| Key risksKOP key risks include [1] its heavy debt load and [2] losing margin and market share in its key Performance Chemicals segment due to intensifying competition. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Koppers (KOP) experienced a -6.8% stock movement during the approximate period from August 31, 2025, to December 29, 2025, primarily due to several key factors:
1. Koppers missed Q3 2025 earnings and revenue estimates.
The company reported third-quarter 2025 revenue of $485.3 million, a 12.4% decrease from the previous year, falling short of analysts' consensus estimates. Adjusted earnings per share (EPS) were $1.21, missing the $1.25 consensus estimate.
2. The company experienced lower sales volumes across all operating segments.
The decline in revenue was driven by reduced volumes in its Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments, which saw drops of 10%, 8%, and 12% in revenue, respectively.
Show more
1. Koppers missed Q3 2025 earnings and revenue estimates.
The company reported third-quarter 2025 revenue of $485.3 million, a 12.4% decrease from the previous year, falling short of analysts' consensus estimates. Adjusted earnings per share (EPS) were $1.21, missing the $1.25 consensus estimate.
2. The company experienced lower sales volumes across all operating segments.
The decline in revenue was driven by reduced volumes in its Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments, which saw drops of 10%, 8%, and 12% in revenue, respectively.
Show more
Stock Movement Drivers
Fundamental Drivers
The -4.9% change in KOP stock from 9/28/2025 to 12/28/2025 was primarily driven by a -11.8% change in the company's P/E Multiple.| 9282025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 28.33 | 26.95 | -4.88% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1992.60 | 1923.60 | -3.46% |
| Net Income Margin (%) | 0.76% | 0.84% | 10.45% |
| P/E Multiple | 37.31 | 32.90 | -11.82% |
| Shares Outstanding (Mil) | 19.88 | 19.65 | 1.15% |
| Cumulative Contribution | -4.90% |
Market Drivers
9/28/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KOP | -4.9% | |
| Market (SPY) | 4.3% | 33.2% |
| Sector (XLB) | 3.8% | 37.5% |
Fundamental Drivers
The -17.3% change in KOP stock from 6/29/2025 to 12/28/2025 was primarily driven by a -32.7% change in the company's Net Income Margin (%).| 6292025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 32.57 | 26.95 | -17.26% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2051.00 | 1923.60 | -6.21% |
| Net Income Margin (%) | 1.24% | 0.84% | -32.68% |
| P/E Multiple | 26.02 | 32.90 | 26.45% |
| Shares Outstanding (Mil) | 20.37 | 19.65 | 3.51% |
| Cumulative Contribution | -17.36% |
Market Drivers
6/29/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KOP | -17.3% | |
| Market (SPY) | 12.6% | 28.1% |
| Sector (XLB) | 5.4% | 45.9% |
Fundamental Drivers
The -14.7% change in KOP stock from 12/28/2024 to 12/28/2025 was primarily driven by a -76.4% change in the company's Net Income Margin (%).| 12282024 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 31.60 | 26.95 | -14.72% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2128.30 | 1923.60 | -9.62% |
| Net Income Margin (%) | 3.55% | 0.84% | -76.41% |
| P/E Multiple | 8.54 | 32.90 | 285.14% |
| Shares Outstanding (Mil) | 20.41 | 19.65 | 3.70% |
| Cumulative Contribution | -14.83% |
Market Drivers
12/28/2024 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KOP | -14.7% | |
| Market (SPY) | 17.0% | 49.9% |
| Sector (XLB) | 10.2% | 58.1% |
Fundamental Drivers
The -2.9% change in KOP stock from 12/29/2022 to 12/28/2025 was primarily driven by a -77.8% change in the company's Net Income Margin (%).| 12292022 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 27.75 | 26.95 | -2.89% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1903.20 | 1923.60 | 1.07% |
| Net Income Margin (%) | 3.77% | 0.84% | -77.81% |
| P/E Multiple | 8.08 | 32.90 | 307.33% |
| Shares Outstanding (Mil) | 20.90 | 19.65 | 5.95% |
| Cumulative Contribution | -3.23% |
Market Drivers
12/29/2023 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KOP | -46.5% | |
| Market (SPY) | 48.4% | 42.1% |
| Sector (XLB) | 11.4% | 51.1% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KOP Return | -18% | 0% | -9% | 83% | -36% | -15% | -26% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| KOP Win Rate | 58% | 58% | 33% | 67% | 25% | 42% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| KOP Max Drawdown | -78% | -9% | -34% | 0% | -39% | -27% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | KOP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -46.6% | -25.4% |
| % Gain to Breakeven | 87.3% | 34.1% |
| Time to Breakeven | 307 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -78.1% | -33.9% |
| % Gain to Breakeven | 356.1% | 51.3% |
| Time to Breakeven | 399 days | 148 days |
| 2018 Correction | ||
| % Loss | -68.7% | -19.8% |
| % Gain to Breakeven | 220.0% | 24.7% |
| Time to Breakeven | 1,828 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -81.2% | -56.8% |
| % Gain to Breakeven | 432.3% | 131.3% |
| Time to Breakeven | 3,167 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Koppers's stock fell -46.6% during the 2022 Inflation Shock from a high on 5/7/2021. A -46.6% loss requires a 87.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Koppers Holdings Inc. provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC). The RUPS segment procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings. It also provides rail joint bars to join rails together for railroads; transmission and distribution poles for electric and telephone utilities; and pilings. This segment also provides railroad services, such as engineering, design, repair, and inspection services for railroad bridges. The PC segment develops, manufactures, and markets copper-based wood preservatives, including micronized copper azole, micronized pigments, alkaline copper quaternary, amine copper azole, and chromated copper arsenate for decking, fencing, utility poles, construction lumber and timbers, and various agricultural uses; and supplies fire-retardant chemicals for pressure treatment of wood primarily in commercial construction. The CMC segment manufactures 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 feedstock in the production of phthalic anhydride and as a surfactant in the production of concrete; phthalic anhydride for the production of plasticizers, polyester resins, and alkyd paints; and carbon black feedstock for use in the production of carbon black. The company serves the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction industries. Koppers Holdings Inc. was founded in 1988 and is headquartered in Pittsburgh, Pennsylvania.
AI Analysis | Feedback
Here are 1-2 brief analogies for Koppers (KOP):
- The Vulcan Materials for railroad infrastructure and other essential industrial materials.
- A specialized Dow Chemical for industrial carbon compounds and treated wood products.
AI Analysis | Feedback
- Carbon Materials and Chemicals: Manufactures and markets carbon pitch, creosote, naphthalene, and other refined chemicals primarily derived from coal tar for various industrial applications.
- Treated Wood Products: Supplies treated wood railroad ties (sleepers), utility poles, and piling products used in infrastructure and transportation.
- Wood Preservatives and Fire Retardants: Develops and produces chemicals that protect wood from decay, insect attack, and fire for residential, commercial, and industrial lumber applications.
AI Analysis | Feedback
Major Customers of Koppers (KOP)
Koppers primarily operates as a Business-to-Business (B2B) company, supplying critical materials and services to other companies across various industries globally. While specific customer names representing less than 10% of revenue are typically not disclosed due to proprietary reasons, Koppers' major customers fall into the following categories:
-
Railroad Companies: Koppers is a leading provider of treated wood railroad ties, which are essential for railway infrastructure. Major customers in this sector include large freight railroad operators in North America and globally.
- Union Pacific Corporation (NYSE: UNP)
- CSX Corporation (NASDAQ: CSX)
- Norfolk Southern Corporation (NYSE: NSC)
- Canadian National Railway Company (NYSE: CNI)
- Canadian Pacific Kansas City Limited (NYSE: CP)
-
Electric Utility and Telecommunication Companies: Koppers supplies treated wood utility poles that are crucial for maintaining and expanding power transmission and communication networks.
- NextEra Energy, Inc. (NYSE: NEE)
- Duke Energy Corporation (NYSE: DUK)
- The Southern Company (NYSE: SO)
- American Electric Power Company, Inc. (NASDAQ: AEP)
-
Aluminum Smelters and Manufacturers of Carbon Products: Koppers' Carbon Materials and Chemicals segment provides critical raw materials like carbon pitch, which is vital for the production of anodes used in aluminum smelting, as well as other carbon-based products.
- Alcoa Corporation (NYSE: AA)
- Rio Tinto Group (NYSE: RIO)
- South32 Limited (ASX: S32)
Koppers also serves a broad range of other industrial and chemical manufacturers, as well as distributors and lumberyards for its performance chemicals and other treated wood products.
AI Analysis | Feedback
null
AI Analysis | Feedback
Leroy Ball, Chief Executive Officer + Board Chair
Leroy Ball was appointed Chief Executive Officer of Koppers in January 2015 and also serves as Board Chair. He joined Koppers in September 2010 as Vice President and Chief Financial Officer, and later served as Chief Operating Officer from May to December 2014. Prior to joining Koppers, Mr. Ball spent 10 years with Calgon Carbon Corporation, an international chemical company, where he served as Controller before becoming Senior Vice President and Chief Financial Officer in 2002. He also held the position of President of Calgon Carbon's majority-owned Japanese joint venture. Earlier in his career, he held various finance roles with Carmeuse Lime Co./Dravo Corporation.
Jimmi Sue Smith, Chief Financial Officer
Jimmi Sue Smith is the Chief Financial Officer for Koppers, a role she assumed effective January 1, 2022. She joined Koppers in 2020 as Vice President of Finance and Treasurer, overseeing global treasury management and playing an integral role in capital markets financing and merger and acquisition activities. Before her time at Koppers, Ms. Smith spent 11 years with natural gas producer EQT, where she held significant roles including Director of Corporate Accounting, business unit VP/Controller, Chief Accounting Officer, and Senior Vice President/Chief Financial Officer. She also held various finance roles in Pittsburgh-area manufacturing companies. Her expertise includes M&A and divestitures.
James Sullivan, President and Chief Transformation Officer
James Sullivan was appointed President and Chief Transformation Officer, effective June 1, 2025. He has been with Koppers since June 2013, starting as Vice President of Business Development. His previous roles at Koppers include Senior Vice President, Global Carbon Materials and Chemicals, Senior Vice President, Railroad Products and Services and Global Carbon Materials and Chemicals, and Executive Vice President and Chief Operating Officer. Before joining Koppers, Mr. Sullivan served as Senior Vice President, Americas at Calgon Carbon Corporation, where he managed various aspects of operations, marketing, sales, and research and development.
Stephanie Apostolou, Chief Legal and Sustainability Officer and Secretary
Stephanie Apostolou serves as Chief Legal and Sustainability Officer and Secretary for Koppers, a position she was elected to in December 2024. She joined Koppers in 2011 as Corporate Counsel, progressing to Deputy General Counsel and Assistant Secretary before being named General Counsel and Secretary in 2020. In her current role, she oversees Legal, Risk Management, Strategic Planning, Sustainability, and Zero Harm functions. Prior to Koppers, Ms. Apostolou worked as an associate in the Corporate and Securities practice group of a national law firm and held finance roles with a leading financial services provider.
Stephen Lucas, Senior Vice President, Culture and Engagement
Stephen Lucas joined Koppers as Vice President of Culture and Engagement, effective April 11, 2022, and currently serves as Senior Vice President, Culture and Engagement. In this role, he leads initiatives to drive the organization's people-first culture, focusing on talent recruitment, development, retention, inclusion, and diversity. Prior to Koppers, Mr. Lucas was the Global Division Vice President of Human Resources at AMETEK, Inc., and he brings nearly 30 years of experience in HR strategy and employee engagement.
AI Analysis | Feedback
Koppers (KOP) faces several key risks to its business, primarily stemming from its cyclical operations, significant debt burden, and increasing competitive pressures.Key Risks to Koppers (KOP)
- Cyclical Nature of Business, Economic Downturns, and Raw Material Price Volatility: Koppers operates in cyclical industries, such as infrastructure, which are heavily influenced by general economic conditions. Economic downturns can lead to significant revenue declines and reduced earnings, with the company currently navigating a "downcycle in margins" and "revenue declines." The business is also exposed to fluctuations in the price and availability of key raw materials, including coal tar, lumber, and scrap copper, which directly impact profitability and operational costs.
- High Debt Burden and Financial Leverage: The company carries a "heavy debt load" and "high debt," evidenced by a net leverage ratio of 3.4x EBITDA in 2024. This level of debt can become particularly problematic during economic downturns or periods of declining earnings, potentially increasing interest costs and creating financial strain. Koppers is prioritizing cash generation to reduce its debt.
- Intensifying Competition and Market Share Erosion in Key Segments: Koppers is experiencing increasing competitive pressures, particularly in its Performance Chemicals segment, which has historically been its strongest. This segment is "losing margin and market share" due to rising competition, leading to concerns about its long-term profitability. The company also faces competition in other areas, such as the North American railroad crosstie market.
AI Analysis | Feedback
AI Analysis | Feedback
The addressable markets for Koppers' main products and services are as follows:
- Performance Chemicals (Treated Wood Products): The global treated wood market was valued at $6.21 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.7% to reach $9.78 billion by 2032. Within this, the global fire retardant treated wood market size was estimated at $0.37 billion in 2024 and is forecasted to reach $0.57 billion by 2033, growing at a CAGR of 5.02%.
- Railroad and Utility Products and Services: The global railroad market size was valued at $332.2 billion in 2024 and is projected to reach $460.8 billion by 2033, exhibiting a CAGR of 3.52%.
- Carbon Materials and Chemicals: null
AI Analysis | Feedback
Koppers (KOP) is expected to drive future revenue growth over the next two to three years through several key initiatives and market trends:- Stronger Volumes and Pricing in Railroad and Utility Products and Services (RUPS): Koppers anticipates an increase in consolidated sales for 2025, largely attributed to stronger volumes and some pricing improvements within its Railroad and Utility Products and Services (RUPS) segment. This segment has already demonstrated growth, with sales in the domestic utility pole business increasing by 11.0 percent in the third quarter of 2024.
- Targeted Growth in Performance Chemicals and Utility and Industrial Products: The company is strategically focused on expanding its more profitable Performance Chemicals and Utility and Industrial Products businesses. This selective growth approach is designed to enhance overall financial performance.
- Increasing Demand for Utility Poles: The market for utility poles is projected to grow, driven by critical factors such as aging infrastructure, the expansion of renewable energy sources, and necessary grid-hardening measures. This trend presents a significant opportunity for Koppers' RUPS segment.
- Benefits from the Catalyst Transformation Process: Koppers' "Catalyst transformation process" is aimed at improving operational efficiency and overall financial performance. By enhancing efficiency and reallocating resources to more profitable business lines, this strategic initiative is expected to indirectly contribute to revenue growth by strengthening the company's competitive position and ability to invest in growth areas.
AI Analysis | Feedback
Share Repurchases
- Koppers authorized a new $100 million share repurchase program in February 2025, replacing a prior $100 million program from August 2021 that had approximately $11 million remaining.
- Year-to-date through September 30, 2025, Koppers had repurchased $33.3 million in shares, with $71.5 million remaining under the current authorization.
- The company anticipates lower capital expenditures and higher free cash flow in 2025 and beyond, which it plans to allocate towards debt reduction and aggressive share repurchases.
Outbound Investments
- In November 2022, Koppers acquired substantially all of the assets of Gross & Janes Co., the largest independent supplier of untreated railroad crossties in North America, which reported approximately $50 million in annual sales in 2021.
- Koppers completed the acquisition of most of the assets of Brown Wood Preserving Company, Inc. in April 2024 for approximately $100 million in cash.
- In August 2025, Koppers completed the sale of its Railroad Structures business to simplify its portfolio.
Capital Expenditures
- Expected capital expenditures for 2025 are projected to be $52 million to $55 million, a decrease from $74 million in 2024.
- Year-to-date capital expenditures as of September 30, 2025, were $38.4 million gross or $33.7 million net, with a primary focus on maintenance.
- The company has focused capital expenditures in recent years on its Utility and Industrial Products (UIP) business, specifically for increasing internal drying capacity, converting facilities to Koppers-produced preservatives, and upgrading equipment for efficiency.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to KOP. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 7.6% | 7.6% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.4% | -1.4% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 51.0% | 51.0% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 30.6% | 30.6% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.2% | 6.2% | -2.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Koppers
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 52.55 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 13.8% |
| Op Mgn 3Y Avg | 12.7% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Segment Financials
Assets by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Railroad and Utility Products and Services | 744 | 661 | 594 | 583 | 562 |
| Carbon Materials and Chemicals | 539 | 500 | 447 | 424 | 502 |
| Performance Chemicals | 521 | 517 | 587 | 536 | 458 |
| All other | 32 | 33 | 34 | ||
| Other assets | 55 | ||||
| Deferred taxes | 17 | ||||
| Income tax receivable | 2 | ||||
| Operating lease right-of-use assets | 13 | ||||
| Prepaid insurance and other assets | 5 | ||||
| Property, plant and equipment, net | 5 | ||||
| Total | 1,835 | 1,711 | 1,662 | 1,599 | 1,565 |
Price Behavior
Price Behavior
| Market Price | $26.95 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 02/01/2006 | |
| Distance from 52W High | -22.0% | |
| 50 Days | 200 Days | |
| DMA Price | $28.23 | $29.04 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -4.5% | -7.2% |
| 3M | 1YR | |
| Volatility | 30.7% | 40.0% |
| Downside Capture | 68.09 | 105.53 |
| Upside Capture | 30.10 | 73.32 |
| Correlation (SPY) | 32.6% | 49.8% |
KOP Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.98 | 0.85 | 0.94 | 1.04 | 1.00 | 1.05 |
| Up Beta | 2.67 | 2.49 | 2.96 | 2.24 | 1.15 | 1.19 |
| Down Beta | -1.69 | 0.44 | 0.50 | 0.76 | 0.89 | 1.02 |
| Up Capture | 154% | 75% | 52% | 50% | 61% | 67% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 11 | 21 | 30 | 58 | 119 | 389 |
| Down Capture | 60% | 46% | 60% | 98% | 107% | 102% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 20 | 31 | 66 | 126 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of KOP With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| KOP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -12.2% | 9.9% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 39.7% | 19.9% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.23 | 0.36 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 57.7% | 49.7% | -7.3% | 16.5% | 46.3% | 18.2% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of KOP With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| KOP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -0.4% | 7.2% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 38.5% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.10 | 0.29 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 59.5% | 47.5% | 4.5% | 22.0% | 41.1% | 20.0% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of KOP With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| KOP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 4.2% | 10.1% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 49.1% | 20.7% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.27 | 0.44 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 60.6% | 52.8% | -0.4% | 27.1% | 47.2% | 15.2% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/7/2025 | -4.1% | 5.6% | 0.1% |
| 8/8/2025 | -13.3% | -7.9% | -13.6% |
| 5/9/2025 | 3.4% | 20.1% | 26.0% |
| 2/27/2025 | -9.4% | -11.5% | -9.5% |
| 11/8/2024 | -2.1% | -1.2% | -7.9% |
| 8/8/2024 | 0.7% | 4.4% | 3.9% |
| 5/3/2024 | -16.9% | -17.8% | -16.0% |
| 2/28/2024 | 7.6% | 0.9% | 3.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 13 |
| # Negative | 10 | 10 | 10 |
| Median Positive | 3.4% | 4.4% | 10.0% |
| Median Negative | -7.2% | -8.3% | -8.7% |
| Max Positive | 22.2% | 22.7% | 70.4% |
| Max Negative | -18.3% | -21.3% | -65.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11072025 | 10-Q 9/30/2025 |
| 6302025 | 8082025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 2272025 | 10-K 12/31/2024 |
| 9302024 | 11082024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5032024 | 10-Q 3/31/2024 |
| 12312023 | 2282024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2272023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 2232022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.