NYSE : KWR
Quaker Chemical Corporation — Financial statements
Materials · Specialty Chemicals · United States
Last price 150.95 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.60B
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Financial statements
Quaker Chemical Corporation (KWR) reported revenue of 2.03B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.03B | 1.89B | 1.84B | 1.95B | 1.94B | 1.76B |
| Cost of Revenue | 1.30B | 1.20B | 1.15B | 1.25B | 1.33B | 1.17B |
| Gross Profit | 724.99M | 685.39M | 686.03M | 705.64M | 612.65M | 596.14M |
| Selling, General & Admin | 412.09M | 368.36M | 369.27M | 377.09M | 358.98M | 313.30M |
| Research & Development | 60.70M | 60.70M | 57.30M | 50.30M | 46.00M | 44.90M |
| Amortization of Goodwill & Intangibles | 63.00M | 63.00M | 58.20M | 58.20M | 57.50M | 59.90M |
| Operating Expenses | 535.79M | 492.06M | 484.77M | 485.59M | 462.48M | 418.10M |
| Operating Income | 189.19M | 193.33M | 201.26M | 220.05M | 150.17M | 178.04M |
| Interest Expense | -40.66M | -44.05M | -44.64M | -54.99M | -36.63M | -23.84M |
| Interest & Investment Income | 3.63M | 4.30M | 4.05M | 1.51M | ||
| Earnings From Equity Investments | 16.73M | 15.18M | 10.97M | 15.33M | 1.97M | 9.38M |
| Currency Exchange Gain (Loss) | -2.50M | -6.19M | -983.00K | -6.99M | -7.80M | -3.22M |
| Other Non Operating Income (Expenses) | 4.07M | 5.50M | 4.79M | 2.70M | -121.00K | 17.22M |
| EBT Excluding Unusual Items | 166.83M | 163.77M | 175.04M | 180.40M | 111.64M | 179.09M |
| Merger & Restructuring Charges | -36.95M | -53.18M | -8.38M | -7.59M | -3.16M | -21.42M |
| Impairment of Goodwill | -88.84M | |||||
| Gain (Loss) on Sale of Assets | 1.93M | 2.20M | 810.00K | 1.31M | 168.00K | -705.00K |
| Asset Writedown | -93.00M | |||||
| Other Unusual Items | -3.05M | -1.75M | -2.44M | -7.80M | -8.36M | -600.00K |
| Pretax Income | 129.76M | 22.21M | 166.03M | 168.46M | 9.08M | 156.37M |
| Income Tax Expense | 32.47M | 24.61M | 49.30M | 55.59M | 24.93M | 34.94M |
| Earnings From Continuing Operations | 97.28M | -2.40M | 116.73M | 112.87M | -15.84M | 121.43M |
| Minority Interest in Earnings | -102.00K | -87.00K | -85.00K | -124.00K | -89.00K | -62.00K |
| Net Income | 97.18M | -2.49M | 116.64M | 112.75M | -15.93M | 121.37M |
| Preferred Dividends & Other Adjustments | -95.00K | -20.00K | 375.00K | 555.00K | -92.00K | 480.00K |
| Net Income to Common | 97.28M | -2.47M | 116.27M | 112.19M | -15.84M | 120.89M |
| Shares Outstanding (Basic) | 17.28M | 17.47M | 17.85M | 17.89M | 17.84M | 17.81M |
| Shares Outstanding (Diluted) | 17.34M | 17.47M | 17.87M | 17.91M | 17.86M | 17.86M |
| EPS (Basic) | 5.63 | -0.14 | 6.51 | 6.27 | -0.89 | 6.79 |
| EPS (Diluted) | 5.60 | -0.14 | 6.51 | 6.26 | -0.89 | 6.77 |
| Free Cash Flow | 39.43M | 80.60M | 162.78M | 240.22M | 13.26M | 27.48M |
| Free Cash Flow Per Share | 2.27 | 4.61 | 9.11 | 13.41 | 0.74 | 1.54 |
| Dividend Per Share | 2.06 | 1.99 | 1.88 | 1.78 | 1.70 | 1.62 |
| Gross Margin | 35.78% | 36.29% | 37.29% | 36.12% | 31.52% | 33.85% |
| Operating Margin | 9.34% | 10.24% | 10.94% | 11.27% | 7.73% | 10.11% |
| Profit Margin | 4.80% | -0.13% | 6.32% | 5.74% | -0.81% | 6.86% |
| Free Cash Flow Margin | 1.95% | 4.27% | 8.85% | 12.30% | 0.68% | 1.56% |
| EBITDA | 290.57M | 286.79M | 285.38M | 302.04M | 230.64M | 263.89M |
| EBITDA Margin | 14.34% | 15.19% | 15.51% | 15.46% | 11.87% | 14.98% |
| D&A For EBITDA | 101.38M | 93.45M | 84.12M | 81.99M | 80.47M | 85.85M |
| EBIT | 189.19M | 193.33M | 201.26M | 220.05M | 150.17M | 178.04M |
| EBIT Margin | 9.34% | 10.24% | 10.94% | 11.27% | 7.73% | 10.11% |
| Effective Tax Rate | 25.03% | 110.81% | 29.69% | 33.00% | 274.41% | 22.34% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 167.01M | 179.83M | 188.88M | 194.53M | 180.96M | 165.18M |
| Trading Asset Securities | 642.00K | 16.00K | ||||
| Cash & Short-Term Investments | 167.65M | 179.84M | 188.88M | 194.53M | 180.96M | 165.18M |
| Receivables | 487.95M | 417.16M | 400.13M | 444.95M | 472.89M | 430.68M |
| Inventory | 319.61M | 265.78M | 227.47M | 233.86M | 284.85M | 264.53M |
| Prepaid Expenses | 72.63M | 57.21M | 59.94M | 54.56M | 55.44M | 59.87M |
| Other Current Assets | 1.20M | 1.20M | -1.60K | |||
| Total Current Assets | 1.05B | 921.19M | 876.42M | 927.89M | 994.14M | 920.25M |
| Property, Plant & Equipment | 370.31M | 352.16M | 263.65M | 246.43M | 242.36M | 234.16M |
| Long-Term Investments | 140.95M | 106.92M | 99.63M | 102.98M | 88.23M | 95.28M |
| Goodwill | 506.77M | 501.72M | 518.89M | 512.52M | 515.01M | 631.19M |
| Other Intangible Assets | 813.17M | 873.54M | 827.10M | 896.72M | 942.92M | 1.03B |
| Long-Term Deferred Tax Assets | 11.26M | 12.13M | 9.22M | 10.74M | 11.22M | 16.14M |
| Long-Term Deferred Charges | 4.30M | 1.41M | 2.37M | 3.34M | 4.30M | 4.27M |
| Other Long-Term Assets | 19.53M | 28.88M | 13.37M | 13.60M | 23.43M | 26.69M |
| Total Assets | 2.92B | 2.80B | 2.61B | 2.71B | 2.82B | 2.96B |
| Accounts Payable | 233.81M | 198.93M | 198.14M | 184.81M | 193.98M | 226.66M |
| Accrued Expenses | 139.46M | 99.22M | 104.80M | 118.30M | 96.69M | 99.00M |
| Current Portion of Long-Term Debt | 20.53M | 35.00M | 37.55M | 23.60M | 19.25M | 58.72M |
| Current Portion of Leases | 12.32M | 13.19M | 10.62M | 11.96M | 12.02M | 9.98M |
| Current Income Taxes Payable | 11.83M | 12.77M | 14.84M | 12.97M | 16.64M | |
| Other Current Liabilities | 19.39M | 21.99M | 15.88M | 13.99M | 19.88M | 19.48M |
| Total Current Liabilities | 425.51M | 380.16M | 379.77M | 367.51M | 354.79M | 430.47M |
| Long-Term Debt | 871.46M | 834.14M | 669.61M | 730.62M | 933.56M | 836.41M |
| Long-Term Leases | 35.49M | 23.52M | 20.03M | 22.94M | 26.97M | 26.34M |
| Pension & Post-Retirement Benefits | 18.64M | 20.61M | 23.78M | 29.46M | 28.77M | 45.98M |
| Long-Term Deferred Tax Liabilities | 128.16M | 140.81M | 138.83M | 146.96M | 160.29M | 179.03M |
| Other Long-Term Liabilities | 18.98M | 22.19M | 24.45M | 31.80M | 38.66M | 49.62M |
| Total Liabilities | 1.50B | 1.42B | 1.26B | 1.33B | 1.54B | 1.57B |
| Common Stock | 17.19M | 17.33M | 17.67M | 17.99M | 17.95M | 17.90M |
| Additional Paid-In Capital | 856.03M | 874.83M | 903.78M | 940.10M | 928.29M | 917.05M |
| Retained Earnings | 646.42M | 596.62M | 633.73M | 550.64M | 469.92M | 516.33M |
| Comprehensive Income & Other | -105.98M | -115.66M | -201.62M | -124.42M | -138.24M | -63.99M |
| Total Common Equity | 1.41B | 1.37B | 1.35B | 1.38B | 1.28B | 1.39B |
| Minority Interest | 3.42M | 3.39M | 616.00K | 603.00K | 667.00K | 628.00K |
| Shareholders' Equity | 1.42B | 1.38B | 1.35B | 1.38B | 1.28B | 1.39B |
| Total Liabilities & Equity | 2.92B | 2.80B | 2.61B | 2.71B | 2.82B | 2.96B |
| Total Debt | 939.80M | 905.85M | 737.82M | 789.13M | 991.80M | 931.44M |
| Net Cash (Debt) | -772.16M | -726.01M | -548.93M | -594.60M | -810.83M | -766.26M |
| Net Cash Per Share | -44.54 | -41.55 | -30.72 | -33.19 | -45.41 | -42.92 |
| Filing Date Shares Outstanding | 17.19M | 17.34M | 17.67M | 17.99M | 17.95M | 17.90M |
| Total Common Shares Outstanding | 17.19M | 17.33M | 17.67M | 17.99M | 17.95M | 17.90M |
| Working Capital | 623.53M | 541.03M | 496.65M | 560.38M | 639.35M | 489.79M |
| Book Value Per Share | 82.23 | 79.23 | 76.59 | 76.94 | 71.19 | 77.52 |
| Tangible Book Value | 93.72M | -2.15M | 7.58M | -24.92M | -180.01M | -271.68M |
| Tangible Book Value Per Share | 5.45 | -0.12 | 0.43 | -1.39 | -10.03 | -15.18 |
| Land | 35.65M | 25.14M | 26.11M | 29.01M | 30.79M | |
| Buildings | 178.25M | 149.78M | 147.13M | 138.76M | 134.31M | |
| Machinery | 321.88M | 272.19M | 264.00M | 240.10M | 252.78M | |
| Construction In Progress | 69.01M | 35.92M | 16.18M | 20.32M | 16.46M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 97.18M | -2.49M | 116.64M | 112.75M | -15.93M | 121.37M |
| Depreciation & Amortization | 101.38M | 93.45M | 84.12M | 81.99M | 80.47M | 85.85M |
| Other Amortization | 2.94M | 4.75M | ||||
| Loss (Gain) From Sale of Assets | 269.00K | -2.20M | -810.00K | -1.31M | -168.00K | -4.70M |
| Asset Writedown & Restructuring Costs | 27.76M | 123.97M | 6.53M | 7.59M | 96.16M | 2.13M |
| Loss (Gain) on Equity Investments | -9.64M | -6.65M | -2.73M | -11.15M | 1.00M | -8.97M |
| Stock-Based Compensation | 13.76M | 13.61M | 14.99M | 14.61M | 14.28M | 5.71M |
| Other Operating Activities | -46.27M | -39.72M | -10.50M | -6.92M | -19.58M | -20.87M |
| Change in Accounts Receivable | -53.27M | 24.23M | 24.98M | 32.17M | -59.11M | -67.47M |
| Change in Inventory | -52.95M | -12.24M | -3.24M | 49.75M | -29.86M | -84.43M |
| Change in Accounts Payable | 47.93M | -30.27M | -8.64M | 5.94M | -27.90M | 38.00M |
| Change in Income Taxes | -1.71M | -1.71M | -2.92M | 3.42M | -2.69M | 4.00M |
| Change in Other Net Operating Assets | -30.30M | -23.53M | -13.84M | -9.81M | 2.17M | -26.44M |
| Operating Cash Flow | 94.13M | 136.45M | 204.58M | 279.02M | 41.79M | 48.93M |
| Capital Expenditures | -54.69M | -55.86M | -41.79M | -38.80M | -28.54M | -21.46M |
| Sale of Property, Plant & Equipment | 373.00K | 3.00M | 4.68M | 11.18M | 1.46M | 14.74M |
| Cash Acquisitions | -164.21M | -39.30M | -13.12M | -42.42M | ||
| Other Investing Activities | 4.50M | 2.95M | ||||
| Investing Cash Flow | -49.82M | -214.12M | -76.42M | -27.62M | -40.19M | -49.13M |
| Long-Term Debt Issued | 174.24M | 19.36M | 750.00M | 53.03M | ||
| Long-Term Debt Repaid | -35.11M | -57.22M | -204.21M | -691.11M | -38.79M | |
| Net Debt Issued (Repaid) | 28.03M | 139.13M | -37.86M | -204.21M | 58.89M | 14.24M |
| Issuance of Common Stock | 890.00K | |||||
| Repurchase of Common Stock | -32.51M | -41.52M | -49.25M | |||
| Common Dividends Paid | -35.18M | -34.39M | -33.17M | -31.65M | -30.10M | -28.60M |
| Other Financing Activities | -8.54M | -1.39M | -2.38M | -2.75M | -4.11M | |
| Financing Cash Flow | -48.19M | 61.83M | -122.66M | -238.61M | 24.67M | -13.46M |
| Foreign Exchange Rate Adjustments | -1.15M | 6.78M | -11.14M | 771.00K | -10.49M | -3.06M |
| Net Cash Flow | -5.03M | -9.05M | -5.65M | 13.56M | 15.79M | -16.72M |
| Free Cash Flow | 39.43M | 80.60M | 162.78M | 240.22M | 13.26M | 27.48M |
| Free Cash Flow Margin | 1.95% | 4.27% | 8.85% | 12.30% | 0.68% | 1.56% |
| Free Cash Flow Per Share | 2.27 | 4.61 | 9.11 | 13.41 | 0.74 | 1.54 |
| Levered Free Cash Flow | 103.19M | 91.07M | 200.69M | 249.19M | 41.14M | 61.06M |
| Unlevered Free Cash Flow | 128.61M | 118.60M | 228.58M | 283.56M | 61.10M | 71.21M |
| Cash Interest Paid | 42.79M | 42.79M | 44.54M | 54.89M | 29.07M | 19.30M |
| Cash Income Tax Paid | 59.71M | 59.71M | 69.00M | 68.60M | 35.33M | 34.77M |
| Change in Working Capital | -90.31M | -43.52M | -3.66M | 81.47M | -117.38M | -136.35M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.60B | 2.38B | 2.50B | 3.84B | 2.99B | 4.13B |
| Enterprise Value | 3.37B | 3.12B | 3.06B | 4.50B | 3.78B | 4.92B |
| Last Close Price | 150.95 | 135.44 | 136.58 | 205.03 | 158.77 | 217.20 |
| PE Ratio | 26.95 | 21.54 | 34.21 | 34.16 | ||
| Forward PE | 16.92 | 16.45 | 16.99 | 25.10 | 25.48 | 30.29 |
| PS Ratio | 1.28 | 1.26 | 1.36 | 1.97 | 1.54 | 2.35 |
| PB Ratio | 1.84 | 1.73 | 1.85 | 2.77 | 2.34 | 2.98 |
| P/TBV Ratio | 27.69 | 330.54 | ||||
| P/FCF Ratio | 65.81 | 29.54 | 15.38 | 15.98 | 225.79 | 150.30 |
| P/OCF Ratio | 27.57 | 17.45 | 12.24 | 13.76 | 71.61 | 84.39 |
| PEG Ratio | 1.11 | 1.37 | 1.53 | 1.55 | 2.86 | 2.52 |
| EV/Sales Ratio | 1.66 | 1.65 | 1.67 | 2.30 | 1.94 | 2.79 |
| EV/EBITDA Ratio | 11.59 | 10.89 | 10.74 | 14.90 | 16.37 | 18.64 |
| EV/EBIT Ratio | 17.80 | 16.15 | 15.22 | 20.45 | 25.15 | 27.62 |
| EV/FCF Ratio | 85.39 | 38.75 | 18.82 | 18.73 | 284.92 | 178.98 |
| Debt / Equity Ratio | 0.66 | 0.66 | 0.55 | 0.57 | 0.78 | 0.67 |
| Debt / EBITDA Ratio | 3.04 | 2.98 | 2.45 | 2.48 | 4.02 | 3.34 |
| Debt / FCF Ratio | 23.83 | 11.24 | 4.53 | 3.29 | 74.82 | 33.90 |
| Net Debt / Equity Ratio | 0.55 | 0.53 | 0.41 | 0.43 | 0.63 | 0.55 |
| Net Debt / EBITDA Ratio | 2.66 | 2.53 | 1.92 | 1.97 | 3.52 | 2.90 |
| Net Debt / FCF Ratio | 19.58 | 9.01 | 3.37 | 2.48 | 61.17 | 27.89 |
| Asset Turnover | 0.71 | 0.70 | 0.69 | 0.71 | 0.67 | 0.60 |
| Inventory Turnover | 4.42 | 4.88 | 5.00 | 4.81 | 4.84 | 5.15 |
| Quick Ratio | 1.54 | 1.57 | 1.55 | 1.74 | 1.84 | 1.38 |
| Current Ratio | 2.46 | 2.42 | 2.31 | 2.52 | 2.80 | 2.14 |
| Return on Equity (ROE) | 6.99% | -0.18% | 8.52% | 8.48% | -1.19% | 8.97% |
| Return on Assets (ROA) | 4.13% | 4.47% | 4.72% | 4.97% | 3.25% | 3.81% |
| Return on Invested Capital (ROIC) | 6.54% | -1.04% | 7.29% | 7.25% | -12.34% | 6.55% |
| Return on Capital Employed (ROCE) | 7.60% | 8.00% | 9.00% | 9.40% | 6.10% | 7.10% |
| Earnings Yield | 3.71% | -0.10% | 4.66% | 2.94% | -0.53% | 2.94% |
| FCF Yield | 1.52% | 3.38% | 6.50% | 6.26% | 0.44% | 0.66% |
| Dividend Yield | 1.40% | 1.45% | 1.33% | 0.83% | 1.02% | 0.70% |
| Payout Ratio | 37.85% | 28.44% | 28.07% | 23.56% | ||
| Buyback Yield / Dilution | 1.37% | 2.22% | 0.25% | -0.33% | -0.01% | -0.59% |
| Total Shareholder Return | 2.77% | 3.67% | 1.58% | 0.51% | 1.01% | 0.11% |