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KWR

Quaker Chemical Corporation

KWR

Quaker Chemical Corporation • NYSE
$137.85 ▼ -0.58% (-0.80)
Market Cap $2.39 B
52w High $161.47
52w Low $95.91
Dividend Yield 1.96%
P/E -265.1
Volume 50.10K
Outstanding Shares 17.34M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $493.842M ▲ $134.224M ▼ $30.469M ▲ 6.17% ▲ $1.75 ▲ $58.263M ▲
Q2-2025 $483.4M ▲ $224.233M ▲ $-66.58M ▼ -13.773% ▼ $-3.78 ▼ $-29.484M ▼
Q1-2025 $442.914M ▼ $133.636M ▲ $12.922M ▼ 2.917% ▼ $0.73 ▼ $62.379M ▲
Q4-2024 $444.086M ▼ $127.187M ▲ $14.186M ▼ 3.194% ▼ $0.8 ▼ $49.042M ▼
Q3-2024 $462.274M $120.831M $32.346M 6.997% $1.81 $73.676M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $172.038M ▼ $2.817B ▼ $1.45B ▼ $1.364B ▲
Q2-2025 $201.918M ▲ $2.849B ▲ $1.503B ▲ $1.342B ▼
Q1-2025 $186.223M ▼ $2.664B ▲ $1.278B ▲ $1.386B ▲
Q4-2024 $188.88M ▼ $2.611B ▼ $1.256B ▼ $1.354B ▼
Q3-2024 $212.074M $2.736B $1.289B $1.446B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $30.486M ▲ $51.387M ▲ $-12.299M ▲ $-68.286M ▼ $-29.88M ▼ $53.795M ▲
Q2-2025 $-66.563M ▼ $41.572M ▲ $-167.308M ▼ $136.598M ▲ $15.695M ▲ $43.286M ▲
Q1-2025 $12.917M ▼ $-3.05M ▼ $-13.412M ▲ $10.956M ▲ $-2.657M ▲ $-10.155M ▼
Q4-2024 $14.189M ▼ $63.064M ▼ $-20.579M ▲ $-55.662M ▼ $-23.194M ▼ $40.607M ▼
Q3-2024 $32.705M $67.98M $-22.616M $-27.705M $23.506M $79.104M

Revenue by Products

Product Q3-2022Q4-2022Q2-2025Q3-2025
Metals
Metals
 $150.00M ▲$0 ▼$150.00M ▲$160.00M ▲
Metalworking and Other
Metalworking and Other
 $240.00M ▲$0 ▼$330.00M ▲$330.00M ▲
Global Specialty Businesses
Global Specialty Businesses
 $0 ▲$100.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has generally trended upward over the last five years but has flattened more recently, with a slight pullback in the latest year. Despite that, profitability has improved: gross and operating margins have strengthened, and the business has bounced back from a one‑time earnings dip a few years ago to deliver much healthier, more consistent net income. Overall, the income statement tells a story of a specialty chemicals company that is managing pricing and costs fairly well in a cyclical, industrial end‑market environment.

Balance Sheet

Balance Sheet The balance sheet looks balanced and steady rather than aggressive. Total assets have edged down a bit, likely reflecting some tightening of working capital or portfolio cleanup rather than expansion at any cost. Debt has been trimmed from prior peaks, while shareholders’ equity has stayed broadly stable, suggesting a gradual de‑risking of the capital structure. Liquidity appears reasonable with a stable cash position, but not so large that it is a major strategic lever on its own.

Cash Flow

Cash Flow Cash generation has been positive but somewhat choppy. Operating cash flow was weak a couple of years ago, then rebounded strongly, and has eased back more recently while remaining healthy. Free cash flow has stayed positive throughout the period, even in tougher years, helped by relatively light capital spending needs. This pattern points to a business that can fund itself and invest selectively, but where working capital swings and industrial cycles can still create some volatility in cash.

Competitive Edge

Competitive Edge Quaker Houghton operates in a focused niche—industrial process fluids—where performance, reliability, and technical support matter more than simple price. Its competitive strength comes from deep on‑site customer relationships, broad product coverage across many industrial processes, and a sizable global footprint built up over decades and reinforced by the Houghton merger. Its role as a problem‑solving partner embedded in customers’ plants, plus high switching costs for mission‑critical fluids, creates a meaningful, though not unassailable, moat versus smaller or more commodity‑oriented competitors.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic priority, and it is increasingly digital as well as chemical. The QH FLUID INTELLIGENCE platform and related monitoring and control tools turn traditional fluids into data‑rich, managed solutions, tightening customer lock‑in and supporting premium positioning. New product launches in areas like aluminum rolling, aerospace machining, and mining show an emphasis on high‑value, technically demanding niches. At the same time, there is visible effort around sustainability, with formulations designed to reduce environmental impact and support customers’ regulatory and ESG goals.

Summary

Overall, Quaker Houghton looks like a specialized industrial chemicals company with steady, improving profitability, a conservative balance sheet, and positive—if sometimes lumpy—cash generation. Its edge comes less from sheer scale and more from embedded customer relationships, technical know‑how, and integrated service and digital offerings that are hard to replicate quickly. The main watch points are its exposure to cyclical end markets and the need to keep executing on digital and sustainability‑focused innovation to maintain its differentiated position over time.

NEWS

November 19, 2025 · 4:30 PM UTC

Quaker Houghton Announces Quarterly Dividend

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October 30, 2025 · 4:30 PM UTC

QUAKER HOUGHTON ANNOUNCES THIRD QUARTER 2025 RESULTS

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October 16, 2025 · 4:30 PM UTC

Quaker Houghton Announces Third Quarter 2025 Earnings and Investor Call

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October 1, 2025 · 4:30 PM UTC

Quaker Houghton Announces Leadership Appointments

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