Demonstrações financeiras detalhadas de Koppers Holdings Inc. (KOP): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Koppers Holdings Inc. registou receitas de $1.88B no último exercício, com um CAGR de 5 anos de 2.4%. O lucro líquido atingiu $56.0M, com CAGR de 5 anos de -14.4%.
Margens dos últimos 12 meses: margem bruta 21.0%, margem operacional -3.0%, margem líquida -4.6%. O fluxo de caixa livre cresceu a CAGR de 3.1% em 5 anos.
Ao preço atual de $46.72, KOP apresenta lucros negativos (P/L não significativo) e um ROE de -16.91%. A capitalização de mercado é de $899M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $1.42B | $1.48B | $1.71B | $1.64B | $1.67B | $1.68B | $1.98B | $2.15B | $2.09B | $1.88B |
| Custo da Receita | $1.13B | $1.15B | $1.38B | $1.31B | $1.31B | $1.34B | $1.64B | $1.73B | $1.67B | $1.43B |
| Lucro Bruto | $288.3M | $321.4M | $335.1M | $330.7M | $360.4M | $334.1M | $344.6M | $424.5M | $422.6M | $447.8M |
| P&D | $6.6M | $9.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $131.0M | $133.3M | $161.6M | 0 | 0 | 0 | 0 | 0 | 0 | $154.9M |
| Despesas Operacionais | $183.9M | $183.1M | $212.4M | $205.7M | $203.7M | $177.6M | $206.9M | $229.3M | $274.4M | $228.5M |
| Lucro Operacional | $86.4M | $112.1M | $110.4M | $125.0M | $156.7M | $156.5M | $137.7M | $195.2M | $148.2M | $219.3M |
| EBITDA | $142.2M | $152.6M | $161.9M | $186.1M | $217.3M | $185.2M | $191.3M | $250.4M | $243.3M | $220.9M |
| Despesas com Juros | $50.8M | $42.5M | $56.3M | $61.7M | $48.9M | $40.5M | $44.8M | $71.0M | $76.2M | $66.1M |
| Lucro Antes de Impostos | $38.5M | $60.3M | $54.8M | $63.7M | $110.1M | $119.6M | $95.4M | $124.6M | $69.3M | $81.2M |
| Imposto | $11.4M | $29.0M | $26.0M | 0 | $21.0M | $34.5M | $31.6M | $34.8M | $20.7M | $25.2M |
| Lucro Líquido | $29.3M | $29.1M | $23.4M | $66.6M | $122.0M | $85.2M | $63.4M | $89.2M | $52.4M | $56.0M |
| LPA | $1.42 | $1.40 | $1.12 | $3.22 | $5.81 | $4.00 | $3.05 | $4.28 | $2.54 | $2.82 |
| LPA Diluído | $1.39 | $1.32 | $1.10 | $3.16 | $5.71 | $3.90 | $3.00 | $4.14 | $2.46 | $2.74 |
| Ações em Circulação (Diluídas) | $21.1M | $22.0M | $21.3M | $21.1M | $21.4M | $21.9M | $21.3M | $21.5M | $21.3M | $20.4M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $485.3M | $432.7M | $455.3M | $520.1M |
| Lucro Bruto | $117.0M | $110.8M | $59.9M | $109.0M |
| Lucro Operacional | $51.8M | $54.0M | $18.2M | -$180.0M |
| EBITDA | $61.0M | $74.2M | $42.3M | -$147.1M |
| Lucro Líquido | $23.8M | $29.7M | $7.1M | -$147.5M |
| LPA | $1.21 | $1.52 | $0.36 | $-7.71 |
| LPA Diluído | $1.17 | $1.47 | $0.35 | $-7.71 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $20.8M | $60.3M | $40.6M | $32.3M | $38.5M | $45.5M | $33.3M | $66.5M | $43.9M | $38.0M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $149.5M | $160.9M | $192.5M | $162.8M | $175.1M | $182.8M | $215.7M | $202.4M | $191.8M | $158.7M |
| Estoque | $228.7M | $236.9M | $284.7M | $288.5M | $295.8M | $313.8M | $355.7M | $395.7M | $404.6M | $411.2M |
| Ativos Circulantes | $438.1M | $506.7M | $540.3M | $519.5M | $564.5M | $628.1M | $636.8M | $699.0M | $680.6M | $668.7M |
| Imobilizado | $280.8M | $328.0M | $417.9M | $471.1M | $511.6M | $580.3M | $643.6M | $722.2M | $750.6M | $753.8M |
| Ágio | $186.4M | $188.2M | $296.5M | $296.1M | $297.8M | $296.0M | $294.0M | $294.4M | $317.1M | $329.4M |
| Ativos Intangíveis | $141.9M | $129.6M | $188.0M | $168.4M | $149.8M | $131.5M | $116.1M | $102.2M | $119.0M | $106.7M |
| Ativos Totais | $1.09B | $1.20B | $1.48B | $1.56B | $1.60B | $1.66B | $1.71B | $1.84B | $1.89B | $1.89B |
| Contas a Pagar | $144.2M | $141.9M | $177.2M | $162.8M | $154.1M | $171.9M | $207.4M | $202.9M | $179.1M | $122.4M |
| Dívida de Curto Prazo | $42.6M | $11.4M | $11.6M | $10.2M | $10.1M | $2.0M | 0 | $5.0M | $4.9M | $4.9M |
| Passivos Circulantes | $293.1M | $281.2M | $298.7M | $296.2M | $292.1M | $285.7M | $324.0M | $325.9M | $325.8M | $227.1M |
| Dívida de Longo Prazo | $619.8M | $665.6M | $978.8M | $891.0M | $765.8M | $781.5M | $817.7M | $835.4M | $925.9M | $914.3M |
| Passivos Totais | $1.05B | $1.09B | $1.41B | $1.41B | $1.25B | $1.25B | $1.31B | $1.33B | $1.40B | $1.31B |
| Reservas | -$24.7M | $7.4M | $27.2M | $93.8M | $215.8M | $300.9M | $360.2M | $444.0M | $490.3M | $539.4M |
| Patrimônio Líquido | $30.4M | $99.9M | $56.2M | $147.3M | $341.7M | $406.6M | $399.4M | $498.9M | $488.7M | $574.0M |
| Dívida Total | $662.4M | $677.0M | $990.4M | $1.01B | $878.4M | $875.1M | $904.5M | $930.7M | $1.02B | $1.02B |
| Dívida Líquida | $641.6M | $616.7M | $949.8M | $982.4M | $839.9M | $829.6M | $871.2M | $864.2M | $978.0M | $984.5M |
| Capital de Giro | $145.0M | $225.5M | $241.6M | $223.3M | $272.4M | $342.4M | $312.8M | $373.1M | $354.8M | $441.6M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $37.9M | $38.0M | $42.8M | $40.7M |
| Ativos Totais | $1.89B | $1.89B | $1.88B | $1.72B |
| Passivos Totais | $1.35B | $1.31B | $1.33B | $1.34B |
| Patrimônio Líquido | $545.6M | $574.0M | $549.5M | $387.0M |
| Dívida Total | $1.03B | $1.02B | $1.02B | $1.00B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $27.7M | $30.5M | $29.2M | $67.4M | $122.0M | $85.4M | $63.2M | $89.2M | $48.6M | $56.0M |
| Depreciação e Amortização | $52.9M | $49.8M | $50.8M | $55.1M | $54.1M | $57.7M | $56.1M | $57.0M | $67.5M | $73.6M |
| Compensação em Ações | $8.9M | $10.6M | $12.5M | $12.1M | $11.3M | $13.0M | $13.2M | $17.3M | $20.8M | $13.8M |
| Variação Capital de Giro | $21.7M | $3.6M | -$16.7M | $14.0M | $8.7M | -$44.8M | -$45.2M | -$26.4M | -$44.2M | -$41.4M |
| Fluxo de Caixa Operacional | $119.5M | $101.8M | $78.3M | $115.3M | $127.8M | $103.0M | $102.3M | $146.1M | $119.4M | $122.5M |
| CapEx | -$49.9M | -$67.5M | -$109.7M | -$37.2M | -$69.8M | -$125.0M | -$105.3M | -$120.5M | -$77.4M | -$55.0M |
| Aquisições | -$3.8M | $1.5M | -$268.2M | $400000 | 0 | 0 | -$14.7M | 0 | -$99.3M | 0 |
| Recompra de Ações | -$300000 | -$5.2M | -$31.8M | -$900000 | -$1.6M | -$11.5M | -$23.6M | -$20.1M | -$50.8M | -$38.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | -$4.2M | -$5.0M | -$5.9M | -$6.4M |
| Fluxo de Caixa Livre | $69.6M | $34.3M | -$31.4M | $78.1M | $58.0M | -$22.0M | -$3.0M | $25.6M | $42.0M | $67.5M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $49.6M | $45.1M | $46.3M | $50.0M |
| CapEx | -$12.0M | -$16.6M | -$11.4M | -$12.3M |
| Fluxo de Caixa Livre | $37.6M | $28.5M | $34.9M | $37.7M |
| Dividendos Pagos | -$1.5M | -$1.7M | -$2.2M | -$1.6M |
| Compensação em Ações | $2.4M | $3.1M | $3.9M | $2.9M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +4.2% | +15.9% | -4.3% | +2.0% | +0.6% | +18.0% | +8.8% | -2.9% | -10.2% |
| Crescimento Lucro Líquido (anual) | | -0.7% | -19.6% | +184.6% | +83.2% | -30.2% | -25.6% | +40.7% | -41.3% | +6.9% |
| Crescimento LPA (anual) | | -1.4% | -20.0% | +187.5% | +80.4% | -31.2% | -23.8% | +40.3% | -40.7% | +11.0% |
| Variação de Ações (anual) | | +4.5% | -3.1% | -1.2% | +1.5% | +2.6% | -2.8% | +1.1% | -1.2% | -4.2% |
| Crescimento FCF (anual) | | -50.7% | -191.5% | +348.7% | -25.7% | -137.9% | +86.4% | +953.3% | +64.1% | +60.7% |
| Margem Bruta | 20.4% | 21.8% | 19.6% | 20.2% | 21.6% | 19.9% | 17.4% | 19.7% | 20.2% | 23.8% |
| Margem Operacional | 6.1% | 7.6% | 6.5% | 7.6% | 9.4% | 9.3% | 7.0% | 9.1% | 7.1% | 11.7% |
| Margem EBITDA | 10.0% | 10.3% | 9.5% | 11.4% | 13.0% | 11.0% | 9.7% | 11.6% | 11.6% | 11.8% |
| Margem Líquida | 2.1% | 2.0% | 1.4% | 4.1% | 7.3% | 5.1% | 3.2% | 4.1% | 2.5% | 3.0% |
| Margem FCF | 4.9% | 2.3% | -1.8% | 4.8% | 3.5% | -1.3% | -0.2% | 1.2% | 2.0% | 3.6% |
| Taxa Efetiva de Imposto | 29.6% | 48.1% | 47.4% | 0.0% | 19.1% | 28.8% | 33.1% | 27.9% | 29.9% | 31.0% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $3.31 | $1.56 | $-1.47 | $3.71 | $2.71 | $-1.00 | $-0.14 | $1.19 | $1.97 | $3.31 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.23 | $0.28 | $0.31 |
| Ações em Circulação (Básicas) | $20.6M | $20.8M | $20.9M | $20.7M | $21.0M | $21.2M | $21.0M | $20.8M | $20.7M | $19.9M |
O que olhar em Basic Materials
Mineiras, químicas, aço. 100% commodity-driven. Analisar com P/E puro é um erro — olha posição de custos e sustentabilidade do dividendo.
- FCF yield — Em commodities o FCF é ouro — EPS engana muito
- Margem bruta — Margem bruta consistente 5 anos = sinal de moat
- Dívida líquida / EBITDA (vale) — Usar EBITDA do pior ano do ciclo, não o atual
- Cobertura dividendo — Dividendo coberto por FCF em ano médio, não no pico
- Capex / D&A — >1x = mantêm/crescem reservas. <0.7x = a descapitalizar
- Altman Z-Score — Modelo de falência (NYU 1968) — combina liquidez, alavancagem e rentabilidade. Chave em cíclicas
- P/B em ciclos — Commodities: 0.8-1.2x em vales, 2x+ em picos. <2x ainda zona razoável
Rentabilidade
| Retorno sobre patrimônio | -16.91% |
| Retorno sobre capital investido | -3.40% |
| Retorno sobre ativos | -5.05% |
| Margem bruta | 20.95% |
| Margem operacional | -2.96% |
| Margem líquida | -4.59% |
Saúde financeira
| Dívida / Patrimônio | 2.59 |
| Liquidez corrente | 2.33 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 28.38 | 36.36 | 15.21 | 11.87 | 5.36 | 7.83 | 9.25 | 11.97 | 12.76 | 9.60 |
| P/VP | 27.36 | 10.57 | 6.33 | 5.36 | 1.91 | 1.63 | 1.48 | 2.14 | 1.37 | 0.94 |
| P/V | 0.59 | 0.72 | 0.21 | 0.48 | 0.39 | 0.40 | 0.30 | 0.50 | 0.32 | 0.29 |
| Margem Bruta | 20.4% | 21.8% | 19.6% | 20.2% | 21.6% | 19.9% | 17.4% | 19.7% | 20.2% | 23.8% |
| Margem Operacional | 6.1% | 7.6% | 6.5% | 7.6% | 9.4% | 9.3% | 7.0% | 9.1% | 7.1% | 11.7% |
| Margem Líquida | 2.1% | 2.0% | 1.4% | 4.1% | 7.3% | 5.1% | 3.2% | 4.1% | 2.5% | 3.0% |