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KOP NYSE

Koppers Holdings Inc.
1W: -6.6% 1M: +4.2% 3M: +12.8% YTD: +48.5% 1Y: +27.0% 3Y: +31.8% 5Y: +16.2%
$40.36
+0.73 (+1.84%)
 
Weekly Expected Move ±6.7%
$35 $38 $41 $43 $46
NYSE · Basic Materials · Chemicals - Specialty · Alpha Radar Sell · Power 45 · $776.2M mcap · 18M float · 1.24% daily turnover · Short 62% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE
36.5 / 100
NoneWeakNarrowWide
Primary source: Cost Advantage  ·  ROIC: 7.6%  ·  5Y Avg: 5.4%
Cost Advantage ★
58
Intangibles
31
Switching Cost
30
Network Effect
19
Scale
45
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. KOP has No discernible competitive edge (36.5/100). The business operates without significant structural advantages. The primary source of advantage is Cost Advantage. ROIC of 7.6% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$0
Low
$55
Avg Target
$55
High
Based on 1 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 7Hold: 7Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$55.00
Analysts1
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2025-08-08 Barrington Gary Prestopino Initiated $55 +92.2% $28.62

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+
May 22, 2026
DCF
1
ROE
5
ROA
5
D/E
1
P/E
3
P/B
3
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. KOP receives an overall rating of B+. Strongest factors: ROE (5/5), ROA (5/5). Areas of concern: DCF (1/5), D/E (1/5).
Rating Change History
DateFromTo
2026-05-22 B B+
2026-05-18 B+ B
2026-05-08 B B+
2026-05-04 B+ B
2026-04-01 B B+
2026-03-16 B- B
2026-02-26 C+ B-
2026-01-03 B- C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

56 Grade C
Profitability
23
Balance Sheet
39
Earnings Quality
79
Growth
50
Value
94
Momentum
80
Safety
50
Cash Flow
63
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. KOP scores highest in Value (94/100) and lowest in Profitability (23/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score
2.35
Grey Zone
Piotroski F-Score
6/9
Beneish M-Score
-2.52
Unlikely Manipulator
Ohlson O-Score
-6.75
Bankruptcy prob: 0.1%
Low Risk
Credit Rating
BB+
Score: 48.6/100
Trend: Improving
Earnings Quality
75/100
OCF/NI: 2.49x
Accruals: -6.1%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. KOP scores 2.35, placing it in the Grey Zone (safe > 2.99, distress < 1.81). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. KOP scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. KOP's score of -2.52 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. KOP's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. KOP receives an estimated rating of BB+ (score: 48.6/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). KOP's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
10.25x
PEG
0.05x
P/S
0.41x
P/B
1.44x
P/FCF
5.58x
P/OCF
4.06x
EV/EBITDA
7.12x
EV/Revenue
0.94x
EV/EBIT
9.71x
EV/FCF
12.65x
Earnings Yield
9.89%
FCF Yield
17.91%
Shareholder Yield
7.08%
Graham Number
$49.56
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 10.2x earnings, KOP trades at a reasonable valuation. An earnings yield of 9.9% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $49.56 per share, suggesting a potential 23% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.724
NI / EBT
×
Interest Burden
0.585
EBT / EBIT
×
EBIT Margin
0.097
EBIT / Rev
×
Asset Turnover
0.994
Rev / Assets
×
Equity Multiplier
3.554
Assets / Equity
=
ROE
14.5%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. KOP's ROE of 14.5% is driven by financial leverage (equity multiplier: 3.55x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate
5.29%
Fair P/E
19.09x
Intrinsic Value
$73.04
Price/Value
0.53x
Margin of Safety
47.05%
Premium
-47.05%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with KOP's realized 5.3% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $73.04, KOP appears undervalued with a 47% margin of safety. The adjusted fair P/E of 19.1x compares to the current market P/E of 10.2x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$40.33
Median 1Y
$37.74
5th Pctile
$16.60
95th Pctile
$85.60
Ann. Volatility
52.3%
25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Leroy M. Ball
Chief Executive Officer and Chair of the Board of Directors
$975,000 $5,145,824 $6,358,244
James A. Sullivan
President and Chief Transformation Officer
$650,000 $2,016,576 $2,910,208
Stephanie L. Apostolou
Chief Legal and Sustainability Officer and Secretary
$475,000 $956,843 $1,572,946
Jimmi Sue Smith
Chief Financial Officer and Treasurer (Now Retired)
$440,000 $819,799 $1,401,910
Stephen G. Lucas
Senior Vice President, Culture and Engagement
$360,360 $599,007 $1,041,022

CEO Pay Ratio

17:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $6,358,244
Avg Employee Cost (SGA/emp): $364,471
Employees: 425

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
425
-7.6% YoY
Revenue / Employee
$4,421,882
Rev: $1,879,300,000
Profit / Employee
$131,765
NI: $56,000,000
SGA / Employee
$364,471
Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
ROE 60.1% 33.4% 22.8% 20.9% 16.8% 19.2% 15.7% 17.4% 20.6% 22.4% 19.9% 17.1% 17.6% 16.8% 10.6% 5.2% 3.1% 3.3% 10.5% 14.5% 14.49%
ROA 9.3% 5.2% 5.2% 4.8% 3.9% 4.4% 3.8% 4.2% 4.9% 5.3% 5.0% 4.3% 4.5% 4.3% 2.8% 1.4% 0.8% 0.9% 3.0% 4.1% 4.08%
ROIC 11.9% 9.2% 9.0% 8.4% 7.2% 7.9% 7.2% 8.1% 9.7% 11.0% 10.3% 9.5% 9.7% 9.1% 7.1% 6.0% 4.4% 4.9% 7.6% 7.6% 7.58%
ROCE 13.6% 10.9% 9.3% 9.1% 8.0% 9.4% 9.9% 10.8% 12.6% 13.3% 12.9% 11.9% 12.1% 12.5% 11.4% 12.2% 12.1% 11.7% 12.7% 10.9% 10.94%
Gross Margin 22.0% 17.9% 18.0% 19.4% 16.5% 18.0% 15.8% 20.3% 19.5% 20.2% 18.8% 19.3% 21.6% 21.9% 17.5% 23.2% 22.6% 24.1% 25.6% 13.2% 13.16%
Operating Margin 10.0% 5.8% 10.8% 8.3% 5.8% 8.0% 5.7% 9.8% 9.4% 9.7% 7.2% 7.0% 10.2% 9.0% 1.3% 5.9% 7.7% 10.7% 12.5% 4.0% 4.00%
Net Margin 6.1% 2.4% 5.5% 4.1% 2.3% 3.6% 2.9% 5.0% 4.2% 4.8% 2.5% 2.6% 4.8% 4.1% -2.1% -3.0% 3.2% 4.9% 6.9% 1.6% 1.56%
EBITDA Margin 13.3% 9.0% 8.5% 10.9% 8.5% 11.3% 8.3% 12.2% 12.0% 12.3% 10.1% 10.2% 13.5% 13.9% 8.3% 14.2% 14.8% 12.6% 17.1% 8.3% 8.26%
FCF Margin 2.1% 0.5% -1.3% -1.4% -1.8% -0.3% -0.2% -0.7% -1.6% -0.1% 1.2% 1.5% 2.9% 1.1% 2.0% 2.1% 3.6% 4.9% 3.6% 7.4% 7.42%
OCF Margin 8.3% 7.3% 6.1% 5.9% 4.9% 5.8% 5.2% 4.7% 3.7% 5.4% 6.8% 7.0% 7.7% 5.2% 5.7% 5.3% 6.6% 7.9% 6.5% 10.2% 10.20%
ROE 3Y Avg snapshot only 11.34%
ROE 5Y Avg snapshot only 14.15%
ROA 3Y Avg snapshot only 3.20%
ROIC 3Y Avg snapshot only 4.33%
ROIC Economic snapshot only 7.58%
Cash ROA snapshot only 10.15%
Cash ROIC snapshot only 12.29%
CROIC snapshot only 8.94%
NOPAT Margin snapshot only 6.29%
Pretax Margin snapshot only 5.66%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 4.18%
SBC / Revenue snapshot only 0.38%
Valuation
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
P/E Ratio 4.69 8.15 7.81 7.42 7.44 5.95 9.22 10.44 8.61 9.33 12.24 15.51 9.95 10.25 12.40 22.19 42.84 35.05 9.87 10.11 10.248
P/S Ratio 0.41 0.40 0.40 0.34 0.26 0.22 0.30 0.36 0.34 0.40 0.51 0.56 0.37 0.36 0.31 0.28 0.32 0.29 0.29 0.41 0.413
P/B Ratio 2.02 1.95 1.64 1.43 1.15 1.05 1.46 1.83 1.79 2.11 2.19 2.38 1.58 1.55 1.33 1.16 1.32 1.15 0.96 1.36 1.436
P/FCF 19.14 87.53 -30.24 -23.57 -14.71 -64.72 -194.84 -50.45 -21.56 -382.28 42.65 36.38 12.72 33.21 15.47 12.98 9.00 5.93 8.19 5.58 5.583
P/OCF 4.91 5.49 6.46 5.66 5.31 3.86 5.71 7.70 9.03 7.35 7.47 7.98 4.82 6.95 5.44 5.19 4.89 3.71 4.51 4.06 4.064
EV/EBITDA 6.51 7.52 8.07 7.77 7.84 6.69 7.53 7.79 6.83 7.16 7.79 8.59 6.71 6.41 6.69 6.00 6.34 6.43 5.60 7.12 7.122
EV/Revenue 0.91 0.90 0.89 0.81 0.72 0.66 0.74 0.79 0.75 0.81 0.91 0.96 0.78 0.77 0.78 0.75 0.82 0.80 0.82 0.94 0.939
EV/EBIT 8.59 10.57 11.72 11.22 11.77 9.73 10.62 10.69 9.06 9.26 10.08 11.41 9.02 8.67 9.11 8.09 8.55 8.42 7.32 9.71 9.707
EV/FCF 42.47 198.04 -67.94 -57.29 -40.80 -190.42 -485.24 -110.54 -47.88 -778.28 76.41 62.81 26.71 70.30 38.76 35.41 22.60 16.22 22.77 12.65 12.646
Earnings Yield 21.3% 12.3% 12.8% 13.5% 13.4% 16.8% 10.8% 9.6% 11.6% 10.7% 8.2% 6.4% 10.0% 9.8% 8.1% 4.5% 2.3% 2.9% 10.1% 9.9% 9.89%
FCF Yield 5.2% 1.1% -3.3% -4.2% -6.8% -1.5% -0.5% -2.0% -4.6% -0.3% 2.3% 2.7% 7.9% 3.0% 6.5% 7.7% 11.1% 16.9% 12.2% 17.9% 17.91%
PEG Ratio snapshot only 0.046
Price/Tangible Book snapshot only 5.644
EV/OCF snapshot only 9.205
EV/Gross Profit snapshot only 4.386
Acquirers Multiple snapshot only 10.808
Shareholder Yield snapshot only 7.08%
Graham Number snapshot only $49.56
Leverage & Solvency
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Current Ratio 1.93 1.93 2.20 2.20 2.20 2.20 1.97 1.97 1.97 1.97 2.14 2.14 2.14 2.14 2.09 2.09 2.09 2.09 2.94 2.94 2.945
Quick Ratio 0.92 0.92 1.10 1.10 1.10 1.10 0.87 0.87 0.87 0.87 0.93 0.93 0.93 0.93 0.85 0.85 0.85 0.85 1.13 1.13 1.134
Debt/Equity 2.57 2.57 2.15 2.15 2.15 2.15 2.26 2.26 2.26 2.26 1.87 1.87 1.87 1.87 2.09 2.09 2.09 2.09 1.78 1.78 1.781
Net Debt/Equity 2.46 2.46 2.04 2.04 2.04 2.04 2.18 2.18 2.18 2.18 1.73 1.73 1.73 1.73 2.00 2.00 2.00 2.00 1.72 1.72 1.715
Debt/Assets 0.55 0.55 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.51 0.51 0.51 0.51 0.54 0.54 0.54 0.54 0.54 0.54 0.542
Debt/EBITDA 3.74 4.39 4.73 4.82 5.29 4.66 4.68 4.40 3.90 3.78 3.71 3.89 3.78 3.64 4.20 3.97 3.99 4.26 3.72 4.13 4.131
Net Debt/EBITDA 3.58 4.20 4.48 4.57 5.01 4.42 4.51 4.23 3.76 3.64 3.44 3.61 3.51 3.38 4.02 3.80 3.82 4.07 3.58 3.98 3.977
Interest Coverage 4.20 3.49 3.15 3.13 2.68 3.05 3.06 3.06 3.01 2.81 2.73 2.43 2.46 2.50 2.35 2.52 2.62 2.66 3.18 2.82 2.816
Equity Multiplier 4.68 4.68 4.09 4.09 4.09 4.09 4.28 4.28 4.28 4.28 3.68 3.68 3.68 3.68 3.87 3.87 3.87 3.87 3.29 3.29 3.287
Cash Ratio snapshot only 0.167
Debt Service Coverage snapshot only 3.838
Cash to Debt snapshot only 0.037
FCF to Debt snapshot only 0.136
Defensive Interval snapshot only 300.7 days
Efficiency & Turnover
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Asset Turnover 1.06 1.05 1.03 1.06 1.10 1.17 1.17 1.21 1.25 1.26 1.21 1.21 1.20 1.20 1.12 1.10 1.07 1.03 1.00 0.99 0.994
Inventory Turnover 4.44 4.50 4.41 4.58 4.83 5.12 4.89 5.00 5.14 5.14 4.60 4.58 4.52 4.51 4.17 4.05 3.92 3.76 3.51 3.62 3.619
Receivables Turnover 9.97 9.90 9.38 9.67 10.01 10.64 9.94 10.21 10.59 10.66 10.30 10.23 10.16 10.18 10.61 10.41 10.11 9.76 10.72 10.72 10.717
Payables Turnover 8.18 8.31 8.25 8.56 9.02 9.58 8.63 8.83 9.07 9.07 8.43 8.39 8.28 8.25 8.74 8.48 8.21 7.87 9.50 9.79 9.792
DSO 37 37 39 38 36 34 37 36 34 34 35 36 36 36 34 35 36 37 34 34 34.1 days
DIO 82 81 83 80 76 71 75 73 71 71 79 80 81 81 87 90 93 97 104 101 100.9 days
DPO 45 44 44 43 40 38 42 41 40 40 43 43 44 44 42 43 44 46 38 37 37.3 days
Cash Conversion Cycle 74 74 77 75 72 67 69 67 65 65 71 72 73 73 80 82 85 88 100 98 97.6 days
Fixed Asset Turnover snapshot only 2.492
Operating Cycle snapshot only 134.9 days
Cash Velocity snapshot only 49.424
Capital Intensity snapshot only 1.005
Growth (YoY)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue -1.0% 0.5% 0.6% 3.3% 6.7% 14.2% 18.0% 17.6% 17.7% 11.6% 8.8% 5.1% 0.7% 0.2% -2.9% -4.1% -6.2% -9.6% -10.2% -8.4% -8.43%
Net Income 1.2% -34.2% -30.2% -47.7% -57.2% -12.0% -25.6% -10.2% 31.8% 25.5% 40.7% 9.4% -4.7% -16.2% -41.3% -66.8% -80.9% -78.7% 6.9% 2.0% 2.02%
EPS 1.1% -35.9% -31.1% -47.2% -55.7% -8.4% -23.2% -9.0% 31.1% 22.2% 37.7% 6.8% -5.6% -15.4% -37.1% -64.2% -79.6% -77.4% 6.2% 2.1% 2.06%
FCF -60.4% -88.9% -1.4% -1.5% -1.9% -1.9% 86.4% 41.1% -4.1% 66.7% 9.5% 3.3% 2.9% 11.6% 64.1% 33.3% 16.3% 3.1% 60.7% 2.2% 2.20%
EBITDA 26.5% -1.5% -13.1% -24.1% -29.5% -6.1% 4.3% 13.5% 40.1% 27.3% 29.9% 16.2% 6.0% 6.8% -3.1% 7.7% 4.2% -6.0% 12.9% -3.8% -3.83%
Op. Income 40.8% -0.3% -0.1% -19.4% -25.3% 4.2% -12.0% -0.7% 29.1% 20.7% 41.8% 19.8% 4.3% -3.6% -24.1% -21.7% -33.1% -30.6% 16.0% 16.0% 16.00%
OCF Growth snapshot only 75.69%
Asset Growth snapshot only -0.18%
Equity Growth snapshot only 17.45%
Debt Growth snapshot only 0.06%
Shares Change snapshot only -1.21%
Dividend Growth snapshot only 16.67%
Growth (CAGR)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 3Y 1.8% 0.3% -0.6% -0.2% 0.4% 1.8% 4.0% 5.6% 7.6% 8.6% 8.9% 8.5% 8.2% 8.5% 7.6% 5.8% 3.6% 0.4% -1.7% -2.6% -2.63%
Revenue 5Y 1.9% 2.6% 3.5% 4.1% 4.9% 6.0% 6.1% 5.8% 5.8% 5.2% 4.7% 4.2% 3.7% 3.4% 3.5% 3.5% 3.3% 3.0% 2.4% 2.3% 2.32%
EPS 3Y 84.8% 93.1% 50.5% 63.8% 25.9% 18.2% -1.4% 9.2% 6.2% -10.5% -10.0% -19.9% -18.2% -1.8% -12.7% -29.7% -36.8% -38.4% -2.8% 5.3% 5.29%
EPS 5Y 23.0% 17.5% 8.8% 8.2% 16.3% 11.3% 29.6% 51.8% 29.2% 33.7% 19.8% 11.3% -3.7% -13.1% -25.4% -32.8% -13.4% -10.9% -10.90%
Net Income 3Y 84.5% 93.9% 53.8% 65.9% 26.3% 18.3% -1.6% 9.3% 6.7% -10.1% -9.9% -19.9% -18.7% -2.6% -15.0% -31.1% -37.8% -39.2% -4.1% 3.2% 3.18%
Net Income 5Y 23.8% 17.4% 8.1% 7.4% 16.9% 10.5% 28.8% 51.7% 30.7% 35.0% 20.4% 11.7% -4.7% -13.8% -26.0% -33.5% -14.4% -12.4% -12.40%
EBITDA 3Y 12.0% 7.0% 4.2% 6.1% -0.2% 1.8% 0.6% 5.8% 7.7% 5.6% 5.6% 0.0% 1.6% 8.5% 9.5% 12.4% 15.7% 8.5% 12.4% 6.3% 6.35%
EBITDA 5Y 48.5% 45.9% 5.4% 4.6% 1.7% 3.6% 4.5% 2.4% 6.8% 7.9% 8.9% 9.5% 8.1% 7.5% 5.1% 8.1% 6.7% 3.4% 5.2% 0.7% 0.71%
Gross Profit 3Y 3.5% 1.4% -0.1% 1.4% -1.2% -0.1% 0.2% 3.6% 5.5% 5.3% 5.6% 2.5% 3.7% 7.5% 8.1% 8.9% 9.8% 7.2% 9.1% 3.8% 3.77%
Gross Profit 5Y 7.1% 5.1% 3.0% 2.1% 1.1% 1.5% 1.4% 0.8% 2.5% 3.7% 4.8% 5.3% 5.1% 4.9% 4.3% 6.0% 5.1% 4.0% 4.4% 0.8% 0.76%
Op. Income 3Y 17.3% 10.6% 12.3% 16.4% 6.7% 8.6% 1.3% 8.3% 10.7% 7.8% 7.6% -1.4% 0.2% 6.6% -1.8% -2.3% -3.4% -6.9% 7.7% 2.9% 2.88%
Op. Income 5Y 12.6% 7.3% 3.9% 5.3% 4.2% 3.2% 9.3% 11.2% 12.1% 13.5% 10.3% 8.3% 2.2% 3.6% -1.1% -3.4% 1.9% -2.7% -2.70%
FCF 3Y -23.1% -14.5% 19.7% 45.3%
FCF 5Y -1.7% -35.6% 98.6% -20.2% -11.7% -10.5% -4.6% 6.7% 3.7% 21.6% 21.61%
OCF 3Y 24.0% 25.5% 9.6% 3.3% 4.8% -4.5% -3.9% -5.5% -16.6% -2.4% 5.0% 3.2% 5.2% -2.8% 5.0% 2.1% 14.5% 11.1% 6.2% 26.3% 26.32%
OCF 5Y 10.8% 1.0% -2.9% 2.0% -5.4% 5.3% 0.1% -0.4% 1.4% 13.3% 13.3% 9.9% 16.3% -2.7% 0.7% -0.7% -0.6% 4.4% -0.6% 7.1% 7.12%
Assets 3Y 10.0% 10.0% 3.9% 3.9% 3.9% 3.9% 3.0% 3.0% 3.0% 3.0% 4.7% 4.7% 4.7% 4.7% 4.4% 4.4% 4.4% 4.4% 3.3% 3.3% 3.31%
Assets 5Y 7.3% 7.3% 8.9% 8.9% 8.9% 8.9% 7.4% 7.4% 7.4% 7.4% 4.4% 4.4% 4.4% 4.4% 3.9% 3.9% 3.9% 3.9% 3.4% 3.4% 3.37%
Equity 3Y 50.7% 50.7% 93.4% 93.4% 93.4% 93.4% 39.4% 39.4% 39.4% 39.4% 13.4% 13.4% 13.4% 13.4% 6.3% 6.3% 6.3% 6.3% 12.8% 12.8% 12.85%
Book Value 3Y 50.9% 50.1% 89.2% 91.0% 92.8% 93.2% 39.8% 39.3% 38.8% 38.8% 13.3% 13.4% 14.2% 14.3% 9.1% 8.6% 8.1% 7.8% 14.3% 15.2% 15.16%
Dividend 3Y 58.6% 29.3% 14.0% 5.9% 5.7% 7.4% 7.3% 8.5% 7.1% 4.0% 2.6% 4.1% 7.4% 7.43%
Growth Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue Stability 0.52 0.40 0.48 0.58 0.62 0.61 0.69 0.74 0.72 0.69 0.63 0.64 0.62 0.62 0.68 0.72 0.63 0.49 0.31 0.25 0.250
Earnings Stability 0.79 0.67 0.67 0.42 0.37 0.31 0.36 0.24 0.32 0.36 0.21 0.12 0.08 0.01 0.17 0.23 0.32 0.68 0.67 0.48 0.476
Margin Stability 0.90 0.94 0.96 0.90 0.90 0.91 0.91 0.88 0.90 0.93 0.92 0.89 0.90 0.94 0.94 0.94 0.93 0.92 0.88 0.90 0.900
Rev. Growth Consistency 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.500
FCF Positive Streak 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1
Earnings Persistence 0.50 0.86 0.88 0.81 0.50 0.95 0.90 0.96 0.87 0.90 0.84 0.96 0.98 0.94 0.83 0.50 0.50 0.50 0.97 0.50 0.500
Earnings Smoothness 0.27 0.59 0.64 0.37 0.20 0.87 0.71 0.89 0.73 0.77 0.66 0.91 0.95 0.82 0.48 0.00 0.00 0.00 0.93 0.00 0.000
ROE Trend -0.08 -0.57 -0.20 -0.21 -0.29 -0.36 -0.12 -0.14 -0.08 0.02 -0.01 -0.03 -0.02 -0.05 -0.06 -0.11 -0.15 -0.16 -0.05 0.03 0.031
Gross Margin Trend 0.04 0.01 -0.01 -0.02 -0.03 -0.03 -0.03 -0.04 -0.02 -0.00 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.04 0.01 0.011
FCF Margin Trend -0.01 -0.04 -0.05 -0.05 -0.06 -0.03 -0.01 -0.02 -0.02 -0.00 0.02 0.03 0.05 0.01 0.01 0.02 0.03 0.04 0.02 0.06 0.056
Sustainable Growth Rate 60.1% 33.4% 22.8% 20.6% 16.3% 18.3% 14.7% 16.3% 19.4% 21.2% 18.7% 15.9% 16.3% 15.5% 9.4% 3.9% 1.8% 2.0% 9.3% 13.2% 13.17%
Internal Growth Rate 10.2% 5.4% 5.5% 5.0% 3.9% 4.4% 3.6% 4.1% 4.9% 5.3% 5.0% 4.2% 4.3% 4.1% 2.6% 1.1% 0.5% 0.5% 2.7% 3.8% 3.85%
Cash Flow Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
OCF/Net Income 0.95 1.49 1.21 1.31 1.40 1.54 1.61 1.36 0.95 1.27 1.64 1.94 2.06 1.47 2.28 4.27 8.76 9.45 2.19 2.49 2.487
FCF/OCF 0.26 0.06 -0.21 -0.24 -0.36 -0.06 -0.03 -0.15 -0.42 -0.02 0.18 0.22 0.38 0.21 0.35 0.40 0.54 0.63 0.55 0.73 0.728
FCF/Net Income snapshot only 1.810
OCF/EBITDA snapshot only 0.774
CapEx/Revenue 6.2% 6.8% 7.4% 7.3% 6.7% 6.2% 5.3% 5.4% 5.3% 5.5% 5.6% 5.4% 4.8% 4.1% 3.7% 3.2% 3.0% 3.0% 2.9% 2.8% 2.77%
CapEx/Depreciation snapshot only 0.790
Accruals Ratio 0.00 -0.03 -0.01 -0.01 -0.02 -0.02 -0.02 -0.01 0.00 -0.01 -0.03 -0.04 -0.05 -0.02 -0.04 -0.04 -0.06 -0.07 -0.04 -0.06 -0.061
Sloan Accruals snapshot only 0.011
Cash Flow Adequacy snapshot only 3.240
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Dividend Yield 0.0% 0.0% 0.0% 0.2% 0.4% 0.7% 0.7% 0.6% 0.6% 0.6% 0.5% 0.4% 0.7% 0.7% 0.9% 1.1% 0.9% 1.1% 1.2% 0.9% 0.82%
Dividend/Share $0.00 $0.00 $0.00 $0.05 $0.10 $0.15 $0.20 $0.21 $0.22 $0.22 $0.23 $0.24 $0.26 $0.27 $0.29 $0.29 $0.30 $0.30 $0.31 $0.35 $0.33
Payout Ratio 0.0% 0.0% 0.0% 1.4% 3.3% 4.5% 6.6% 6.3% 5.5% 5.3% 5.6% 6.8% 7.1% 7.7% 11.3% 23.5% 39.7% 37.3% 11.4% 9.1% 9.09%
FCF Payout Ratio 0.0% 0.0% 19.5% 15.9% 9.1% 24.9% 14.0% 13.8% 8.3% 6.3% 9.5% 5.0% 5.02%
Total Payout Ratio 1.6% 4.5% 13.5% 28.0% 48.0% 41.6% 43.8% 32.4% 18.8% 21.9% 28.1% 34.4% 74.6% 86.9% 1.1% 2.7% 3.1% 2.5% 79.6% 71.6% 71.56%
Div. Increase Streak 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Chowder Number 3.01 1.20 0.51 0.20 0.19 0.22 0.22 0.19 0.16 0.08 0.05 0.10 0.18 0.176
Buyback Yield 0.3% 0.6% 1.7% 3.6% 6.0% 6.3% 4.0% 2.5% 1.5% 1.8% 1.8% 1.8% 6.8% 7.7% 7.8% 11.1% 6.3% 6.1% 6.9% 6.2% 6.18%
Net Buyback Yield -0.0% 0.2% 1.4% 3.3% 5.7% 6.0% 3.8% 2.2% 1.2% 1.4% 0.9% 0.8% 5.2% 6.3% 7.0% 10.8% 6.0% 5.8% 6.7% 6.0% 6.03%
Total Shareholder Return -0.0% 0.2% 1.4% 3.5% 6.2% 6.7% 4.6% 2.8% 1.9% 1.9% 1.4% 1.2% 5.9% 7.0% 7.9% 11.8% 7.0% 6.9% 7.8% 6.9% 6.93%
DuPont Factors
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Tax Burden (NI/EBT) 1.03 0.74 0.71 0.69 0.65 0.63 0.66 0.68 0.70 0.75 0.72 0.72 0.73 0.73 0.76 0.73 0.70 0.58 0.69 0.72 0.724
Interest Burden (EBT/EBIT) 0.80 0.77 0.94 0.91 0.88 0.88 0.70 0.68 0.68 0.65 0.64 0.59 0.59 0.55 0.39 0.18 0.11 0.15 0.39 0.59 0.585
EBIT Margin 0.11 0.09 0.08 0.07 0.06 0.07 0.07 0.07 0.08 0.09 0.09 0.08 0.09 0.09 0.09 0.09 0.10 0.10 0.11 0.10 0.097
Asset Turnover 1.06 1.05 1.03 1.06 1.10 1.17 1.17 1.21 1.25 1.26 1.21 1.21 1.20 1.20 1.12 1.10 1.07 1.03 1.00 0.99 0.994
Equity Multiplier 6.47 6.47 4.36 4.36 4.36 4.36 4.19 4.19 4.19 4.19 3.95 3.95 3.95 3.95 3.77 3.77 3.77 3.77 3.55 3.55 3.554
Per Share
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
EPS (Diluted TTM) $6.69 $3.72 $3.89 $3.60 $2.96 $3.41 $2.99 $3.28 $3.88 $4.16 $4.11 $3.50 $3.66 $3.52 $2.59 $1.25 $0.75 $0.80 $2.74 $3.83 $3.83
Book Value/Share $15.56 $15.57 $18.55 $18.74 $19.14 $19.28 $18.82 $18.68 $18.71 $18.44 $23.00 $22.77 $23.14 $23.26 $24.11 $23.99 $24.15 $24.18 $28.13 $28.53 $28.10
Tangible Book/Share $-4.82 $-4.83 $-0.95 $-0.96 $-0.98 $-0.99 $-0.50 $-0.50 $-0.50 $-0.49 $4.72 $4.67 $4.75 $4.77 $2.60 $2.58 $2.60 $2.60 $6.76 $6.85 $6.85
Revenue/Share $76.44 $75.93 $76.59 $79.77 $84.37 $90.26 $93.31 $95.14 $98.79 $98.05 $99.33 $97.60 $98.54 $99.23 $103.22 $100.69 $98.47 $95.17 $92.10 $93.34 $96.06
FCF/Share $1.64 $0.35 $-1.00 $-1.13 $-1.50 $-0.31 $-0.14 $-0.68 $-1.55 $-0.10 $1.18 $1.49 $2.87 $1.09 $2.07 $2.14 $3.55 $4.71 $3.31 $6.93 $7.13
OCF/Share $6.38 $5.52 $4.70 $4.72 $4.15 $5.25 $4.82 $4.44 $3.70 $5.28 $6.74 $6.81 $7.57 $5.19 $5.89 $5.35 $6.54 $7.53 $6.00 $9.52 $9.79
Cash/Share $1.75 $1.75 $2.08 $2.10 $2.14 $2.16 $1.57 $1.56 $1.56 $1.54 $3.07 $3.04 $3.08 $3.10 $2.17 $2.16 $2.17 $2.17 $1.86 $1.89 $2.19
EBITDA/Share $10.68 $9.12 $8.45 $8.36 $7.79 $8.91 $9.10 $9.62 $10.86 $11.04 $11.57 $10.91 $11.41 $11.91 $12.00 $12.64 $12.67 $11.88 $13.46 $12.30 $12.30
Debt/Share $39.99 $40.02 $39.93 $40.34 $41.20 $41.50 $42.62 $42.30 $42.36 $41.76 $42.92 $42.48 $43.17 $43.39 $50.42 $50.17 $50.50 $50.56 $50.11 $50.82 $50.82
Net Debt/Share $38.23 $38.27 $37.85 $38.24 $39.06 $39.35 $41.05 $40.74 $40.80 $40.22 $39.85 $39.44 $40.09 $40.29 $48.25 $48.01 $48.33 $48.39 $48.25 $48.93 $48.93
Academic Models
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Altman Z-Score 2.350
Altman Z-Prime snapshot only 3.737
Piotroski F-Score 5 5 5 7 7 8 6 7 6 7 8 7 6 7 5 6 6 6 6 6 6
Beneish M-Score -2.22 -2.36 -2.24 -2.50 -2.38 -2.57 -2.37 -2.44 -2.40 -2.49 -2.81 -2.72 -2.84 -2.51 -2.44 -2.61 -2.62 -2.86 -2.97 -2.52 -2.516
Ohlson O-Score snapshot only -6.753
ROIC (Greenblatt) snapshot only 15.19%
Net-Net WC snapshot only $-31.99
EVA snapshot only $-37706067.73
Credit
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Credit Rating snapshot only BB+
Credit Score 41.66 39.21 40.99 42.83 36.88 41.87 40.10 40.95 41.87 39.10 47.99 48.16 44.83 43.25 42.24 43.95 45.77 44.39 52.82 48.60 48.604
Credit Grade snapshot only 11
Credit Trend snapshot only 4.652
Implied Spread (bps) snapshot only 400.000
Industry Credit Rank snapshot only 35
Sector Credit Rank snapshot only 41

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