Filing Flows

Filing Flows › Companies › Koppers Holdings › Cash flow

Koppers Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$19.4M in Q3 2026 · $120M over twelve months

Operating cash flow$30.6M
Capital spending−$11.2M
Free cash flow+$19.4M
Cash / net income2.1×
Cash conversion cycle90 days

Analysis

In Q3 2026, Koppers Holdings generated $30.6M of operating cash flow and spent $11.2M on capital projects, leaving free cash flow of $19.4M. That is $18.2M less than in Q3 2025 ($37.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $172M; the largest uses were buybacks ($55.9M), capital spending ($51.5M), net borrowing (+) / repaid (−) ($38.7M); besides operations, cash came from asset & business sales ($3.4M), shares issued ($2.2M); the cash balance rose by $4.9M.

Operating cash flow was $30.6M against net income of $14.7M — 2.1× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$18.1M, payables −$11.6M, deferred taxes −$6.3M.

Its cash conversion cycle was 90 days (receivables 38 + inventory 89 − payables 37).

Free cash flow

Koppers Holdings: free cash flow by quarterKoppers Holdings: free cash flow by quarter$56.1MQ4 2024−$37.0MQ1 2025$38.4MQ2 2025$37.6MQ3 2025$28.5MQ4 2025$34.9MQ1 2026$37.7MQ2 2026$19.4MQ3 2026
Operating cash flow less capital spending.
Koppers Holdings: operating cash flow against capital spendingKoppers Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$74.7M$18.6MQ4 2024−$22.7M$14.3MQ1 2025$50.5M$12.1MQ2 2025$49.6M$12.0MQ3 2025$45.1M$16.6MQ4 2025$46.3M$11.4MQ1 2026$50.0M$12.3MQ2 2026$30.6M$11.2MQ3 2026
Latest (Q3 2026): Operating cash flow $30.6M, Capital spending $11.2M.

Capital allocation, year by year

Koppers Holdings: where the cash came from (up) and went (down), by fiscal yearKoppers Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $103MFY2021: Net borrowing $20.3MFY2021: Shares issued $4.7MFY2021: Capital spending −$125MFY2021: Buybacks −$11.5M$128MFY2021FY2022: Operating cash flow $102MFY2022: Net borrowing $74.6MFY2022: Shares issued $1.1MFY2022: Asset sales $4.4MFY2022: Capital spending −$105MFY2022: Acquisitions −$14.7MFY2022: Buybacks −$23.6MFY2022: Dividends −$4.2M$182MFY2022FY2023: Operating cash flow $146MFY2023: Net borrowing $23.1MFY2023: Shares issued $18.7MFY2023: Asset sales $2.8MFY2023: Capital spending −$120MFY2023: Buybacks −$20.1MFY2023: Dividends −$5.0M$191MFY2023FY2024: Operating cash flow $119MFY2024: Net borrowing $88.7MFY2024: Shares issued $9.2MFY2024: Asset sales $2.4MFY2024: Capital spending −$77.4MFY2024: Acquisitions −$99.3MFY2024: Buybacks −$50.8MFY2024: Dividends −$5.9M$220MFY2024FY2025: Operating cash flow $122MFY2025: Net borrowing −$12.7MFY2025: Shares issued $1.6MFY2025: Asset sales $10.0MFY2025: Capital spending −$55.0MFY2025: Acquisitions −$20.7MFY2025: Buybacks −$38.2MFY2025: Dividends −$6.4M$134MFY2025
Over these 5 years operating cash flow totalled $593M; the largest uses were capital spending ($483M) and buybacks ($144M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$42.8M
Debt$896M
Net debt$853M
Due within a year$4.9M

Koppers Holdings funds itself: free cash flow was $120M over the last twelve months, and $42.8M of cash and investments stands against $896M of debt ($4.9M due within a year, 8.7× covered by cash).

Koppers Holdings: debt maturities by year (FY2025)Koppers Holdings: debt maturities by year (FY2025)$4.9MYear 1$4.9MYear 2$4.9MYear 3$4.9MYear 4$917MYear 5
Principal due in each year as disclosed in the annual report, against $42.8M of cash and investments now.

Where the cash came from and went

Koppers Holdings: sources (+) and uses (−) of cash, Q3 2026Koppers Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$30.6MCapital spending−$11.2MNet borrowing (+) / repaid (−)−$10.3MBuybacks−$7.1MCash drawn (+) / kept (−)−$2.1MDividends−$1.7MShares issued$1.4MOther investing$400KAsset & business sales$200KExchange rates−$200K
Koppers Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Koppers Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$172MBuybacks−$55.9MCapital spending−$51.5MNet borrowing (+) / repaid (−)−$38.7MOther investing−$19.1MDividends−$7.2MCash drawn (+) / kept (−)−$4.9MAsset & business sales$3.4MShares issued$2.2MExchange rates−$300K

From profit to cash

Koppers Holdings: net income to operating cash flow, Q3 2026Koppers Holdings: net income to operating cash flow, Q3 2026Net income$14.7MDepreciation & amortization$18.1MStock-based pay$3.2MDeferred taxes−$6.3MOther non-cash−$2.6MReceivables$1.5MInventory−$300KPayables−$11.6MAccrued liabilities$4.2MOther liabilities$4.6MOther operating capital$3.1MOperating cash flow$30.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202638893790
Q2 202634873486
Q1 2026349932100
Q4 20253711640113
Q3 2025381014198
Q2 202538943795
Q1 20253910442101
Q4 202441954195

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$30.6M−$11.2M—−$7.1M−$1.7M−$10.3M$1.4M−$2.1M$19.4M
Q2 2026$50.0M−$12.3M—−$14.9M−$1.6M−$23.6M$400K$2.1M$37.7M
Q1 2026$46.3M−$11.4M—−$29.0M−$2.2M$100K$100K−$4.8M$34.9M
Q4 2025$45.1M−$16.6M−$20.7M−$4.9M−$1.7M−$4.9M$300K−$100K$28.5M
Q3 2025$49.6M−$12.0M—−$4.1M−$1.5M−$45.0M$500K$500K$37.6M
Q2 2025$50.5M−$12.1M—−$10.1M−$1.6M−$11.9M$300K−$5.1M$38.4M
Q1 2025−$22.7M−$14.3M—−$19.1M−$1.6M$49.1M$300K$10.6M−$37.0M
Q4 2024$74.7M−$18.6M$100K−$1.3M−$1.3M−$50.2M$800K$600K$56.1M

Koppers Holdings: income statement and cash flow

Koppers Holdings, Q3 2026: revenue $499M (+3% year over year), operating margin 6.1%. The chart follows the revenue to costs, profit and cash.

Koppers Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.