Koppers Holdings Inc. KOP

Competitive advantage analysis · basic-materials

Corporate Default
Overall moat score
62/100
Moderate

About Koppers Holdings Inc.

Koppers Holdings Inc. provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. It operates through three segments: Railroad and Utility Products and Services; Performance Chemicals; and Carbon Materials and Chemicals. The company procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings; offers utility … Full KOP analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.94), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 69.1th percentile exceeds peers and WACC, demonstrating superior capital allocation.

Key risks

  • Inconsistent Cash Generation Cash generation is inconsistent (score 0.47), indicating operational challenges.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
68

Where KOP ranks in Specialty Chemicals

Koppers Holdings Inc. ranks #18 of 56 scored companies in Specialty Chemicals by moat score — the top 32%. The widest moat in the group is WD-40 Company (WDFC) at 81/100.

Moat scores for companies ranked near KOP in Specialty Chemicals
# Company Moat score Rating
14 Element Solutions Inc. ESI 67/100 Moderate
15 Sasol Ltd. SSL 65/100 Moderate
16 Innospec Inc. IOSP 64/100 Moderate
17 Sociedad Quimica y Minera S.A. SQM 63/100 Moderate
18 Koppers Holdings Inc. KOP 62/100 Moderate
19 H. B. Fuller Company FUL 61/100 Moderate
20 Eastman Chemical Company EMN 60/100 Moderate
21 Ingevity Corporation NGVT 60/100 Moderate
22 Core Molding Technologies Inc CMT 57/100 Moderate

See every General Corporate company ranked by moat score →

How KOP scores on the Corporate Default defenses

Pricing Power

Score 68 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 71 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 58 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 68 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 53 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 52 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding KOP's moat

What is Koppers Holdings Inc.'s moat score?

Koppers Holdings Inc. (KOP) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #18 of 56 scored companies in Specialty Chemicals, the top 32%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 56 companies in Specialty Chemicals. Its strongest defense is Cost Advantage (71/100) and its weakest is Scale & Market Position (52/100).

How does Koppers Holdings Inc. compare with other Specialty Chemicals companies?

Koppers Holdings Inc. ranks #18 of 56 scored companies in Specialty Chemicals by moat score. The widest moat in Specialty Chemicals is WD-40 Company (WDFC) at 81/100. The companies ranked closest are Sociedad Quimica y Minera S.A. (SQM) at 63 just above it and H. B. Fuller Company (FUL) at 61 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 56 companies in Specialty Chemicals. The defenses are then weighted to produce the overall score out of 100.

Why is Koppers Holdings Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Koppers Holdings Inc.?

The Corporate Default template measures 6 defenses, and KOP scores: Pricing Power (68), Cost Advantage (71), Customer Stickiness (58), Capital Efficiency (68), Resilience (53), Scale & Market Position (52). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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