Financials · KWR

Quaker Houghton (KWR) financials

For the twelve months ended Sep 30, 2026, Quaker Houghton reported $2.03B of revenue and $97.23M of net income.

Revenue, TTM
$2.03B
Revenue growth, YoY
+8.7%
Net income, TTM
$97.23M
Net margin
4.8%
Free cash flow, TTM
$39.43M
EPS, diluted, TTM
$5.57
Cash
$167.01M
Total debt
$891.99M
P/E
27.90
P/S
1.34
Market cap
$2.71B
Annual revenue$1.89B
FY2016FY2025
Annual net income-$2.49M
FY2016FY2025
Annual free cash flow$80.60M
FY2016FY2025

KWR revenue and earnings growth

KWR revenueQ3 2026$544.55M

Quarter YoY
+10.3%
QoQ
+2.3%
FY YoY
+2.7%
5Y CAGR
+5.9%
10Y CAGR
+9.9%

KWR revenue was $544.55M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.3% from a year earlier and up 2.3% from the prior quarter. For the full fiscal 2025 it was $1.89B, up 2.7% from fiscal 2024. Compound annual growth was +5.9% over 5 years and +9.9% over 10 years. It rose in 9 of the last 10 fiscal years.

KWR net incomeQ3 2026$29.98M

Quarter YoY
-1.6%
QoQ
+11.8%

KWR net income was $29.98M in fiscal Q3 2026 (ended Sep 30, 2026), down 1.6% from a year earlier and up 11.8% from the prior quarter. For the full fiscal 2025 it was -$2.49M, compared with $116.64M in fiscal 2024.

KWR EPSQ3 2026$1.73

Quarter YoY
-1.1%
QoQ
+11.6%

KWR diluted EPS was $1.73 in fiscal Q3 2026 (ended Sep 30, 2026), down 1.1% from a year earlier and up 11.6% from the prior quarter. For the full fiscal 2025 it was -$0.14, compared with $6.51 in fiscal 2024.

KWR free cash flowQ3 2026$2.89M

Quarter YoY
-92.4%
QoQ
-84.9%
FY YoY
-50.5%
5Y CAGR
-12.9%
10Y CAGR
+2.6%

KWR free cash flow was $2.89M in fiscal Q3 2026 (ended Sep 30, 2026), down 92.4% from a year earlier and down 84.9% from the prior quarter. For the full fiscal 2025 it was $80.60M, down 50.5% from fiscal 2024. Compound annual growth was -12.9% over 5 years and +2.6% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$1.89B$1.84B$1.95B$1.94B$1.76B$1.42B$1.13B$867.52M$820.08M$746.66M
Cost of revenue$1.21B$1.15B$1.25B$1.33B$1.17B$904.23M$741.39M$555.21M$528.59M$466.56M
Gross profit$679.37M$686.03M$705.64M$612.65M$594.64M$513.44M$392.12M$312.31M$291.50M$280.11M
Research and development$60.70M$57.30M$50.30M$46.00M$44.90M$40.00M$32.10M$24.50M$23.90M$22.50M
Selling, general and admin$502.42M$484.79M$483.56M$464.19M$418.86M$380.75M$283.83M$207.87M$198.81M$193.66M
Operating income$52.99M$194.71M$214.50M$52.30M$150.47M$59.36M$46.13M$87.78M$62.74M$85.35M
Interest expense$44.05M$41.00M$50.70M$32.58M$22.33M$26.60M$16.98M$4.04M$1.36M$2.89M
Pre-tax income$7.03M$155.06M$153.12M$7.12M$146.99M$27.14M$28.90M$83.10M$60.67M$84.01M
Income tax$24.61M$49.30M$55.59M$24.93M$34.94M-$5.30M$2.08M$25.05M$41.65M$23.23M
Net income-$2.49M$116.64M$112.75M-$15.93M$121.37M$39.66M$31.62M$59.47M$20.28M$61.40M
EPS, basic-$0.14$6.51$6.27-$0.89$6.79$2.23$2.08$4.46$1.53$4.64
EPS, diluted-$0.14$6.51$6.26-$0.89$6.77$2.22$2.08$4.45$1.52$4.63
Diluted shares17.5M17.9M17.9M17.9M17.9M17.8M15.2M13.3M13.2M13.2M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$179.83M$188.88M$194.53M$180.96M$165.18M$181.90M$123.52M$104.15M$89.88M$88.82M
Receivables$417.16M$400.13M$444.95M$472.89M$430.68M$372.97M$375.98M$202.14M$208.36M$195.22M
Inventory$265.78M$227.47M$233.86M$284.85M$264.53M$187.76M$174.95M$94.09M$87.22M$77.08M
Current assets$921.19M$876.42M$927.89M$994.14M$920.25M$792.73M$715.97M$418.51M$406.59M$376.47M
Goodwill$501.72M$518.89M$512.52M$515.01M$631.19M$631.21M$607.21M$83.33M$86.03M$80.80M
Total assets$2.80B$2.61B$2.71B$2.82B$2.96B$2.89B$2.85B$709.66M$722.13M$692.03M
Current liabilities$380.16M$379.77M$367.51M$354.79M$430.47M$382.96M$359.93M$151.47M$154.74M$127.41M
Short-term debt$35.66M$37.55M$23.44M$19.25M$56.94M$38.97M$38.33M$670.0K$5.74M$707.0K
Long-term debt$834.90M$669.61M$730.62M$933.56M$836.41M$849.07M$882.44M$35.93M$61.07M$65.77M
Total debt$870.56M$707.17M$754.07M$952.81M$893.35M$888.03M$920.77M$36.60M$66.80M$66.48M
Total liabilities$1.42B$1.26B$1.33B$1.54B$1.57B$1.57B$1.61B$273.30M$312.51M$279.42M
Shareholders' equity$1.37B$1.35B$1.38B$1.28B$1.39B$1.32B$1.24B$436.37M$409.62M$412.61M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$136.45M$204.58M$279.02M$41.79M$48.93M$178.39M$82.37M$78.78M$64.76M$73.75M
Capital expenditures$55.86M$41.79M$38.80M$28.54M$21.46M$17.90M$15.54M$12.89M$10.87M$9.95M
Free cash flow$80.60M$162.78M$240.22M$13.26M$27.48M$160.49M$66.83M$65.89M$53.89M$63.80M
Investing cash flow-$214.12M-$76.42M-$27.62M-$40.19M-$49.13M-$71.39M-$908.63M-$12.36M-$14.61M-$24.76M
Financing cash flow$61.83M-$122.66M-$238.61M$24.67M-$13.46M-$75.25M$844.13M-$46.91M-$55.21M-$38.13M
Dividends paid$34.39M$33.17M$31.65M$30.10M$28.60M$27.56M$21.83M$19.32M$18.61M$17.63M
Share repurchases$41.52M$49.25M$0$0---$0$0$5.86M
Stock-based compensation$13.61M$14.99M$14.61M$11.67M$11.04M$11.00M$4.86M$3.72M$4.19M$6.35M
Depreciation and amortization$65.83M$60.93M$60.82M$60.75M$62.57M$57.47M$27.13M$7.52M$7.49M$7.13M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY2.7%-5.8%0.5%10.4%24.2%25.1%30.7%5.8%9.8%1.2%
Net income growth, YoY-3.5%--206.0%25.4%-46.8%193.3%-67.0%20.0%
EPS growth, YoY-4.0%--205.0%6.7%-53.3%192.8%-67.2%20.6%
Gross margin36.0%37.3%36.1%31.5%33.8%36.2%34.6%36.0%35.5%37.5%
Operating margin2.8%10.6%11.0%2.7%8.5%4.2%4.1%10.1%7.7%11.4%
Net margin-0.1%6.3%5.8%-0.8%6.9%2.8%2.8%6.9%2.5%8.2%
Free cash flow margin4.3%8.8%12.3%0.7%1.6%11.3%5.9%7.6%6.6%8.5%
Return on equity-0.2%8.6%8.1%-1.2%8.7%3.0%2.5%13.6%5.0%14.9%
Return on assets-0.1%4.5%4.2%-0.6%4.1%1.4%1.1%8.4%2.8%8.9%
Current ratio2.422.312.522.802.142.071.992.762.632.95
Debt to equity0.630.520.540.750.640.670.740.080.160.16

Source: XBRL data Quaker Houghton files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

KWR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
KWR$2.03B+8.7%$97.23M4.8%$2.71B
LIN$36.24B+8.2%$7.01B19.3%$238.88B
APD$12.60B+4.5%-$47.30M-0.4%$69.27B
DOW$42.61B+4.2%-$897.00M-2.1%$22.41B
IFF$11.69B+24.3%$182.00M1.6%$21.14B
DD$7.06B+3.2%$301.00M4.3%$20.56B
LYB$31.96B+3.5%$1.30B4.1%$19.23B
ALB$6.15B+24.4%$681.63M11.1%$11.70B
SOLS$4.17B+9.4%$325.00M7.8%$10.01B

KWR FAQ

9 questions
  • What is KWR revenue?
    Quaker Houghton (KWR) reported $2.03B of revenue for the twelve months ended Sep 30, 2026. That is up 8.7% from the year before. Revenue for fiscal 2025 was $1.89B.
  • Is KWR profitable?
    Yes. Quaker Houghton earned $97.23M in net income for the twelve months ended Sep 30, 2026, a net margin of 4.8%.
  • How much cash and debt does KWR have?
    Quaker Houghton reported $167.01M in cash and cash equivalents and $891.99M of debt on its most recent balance sheet in SEC filings.
  • How fast is KWR revenue growing?
    Quaker Houghton's revenue changed +2.7% in fiscal 2025, to $1.89B. Its compound annual growth rate was +5.9% over 5 years and +9.9% over 10 years.
  • What is KWR gross margin?
    Quaker Houghton's gross profit was $724.99M on $2.03B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 35.8%.
  • What is KWR free cash flow?
    Quaker Houghton generated $39.43M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $94.13M less capital expenditures.
  • What is KWR earnings per share?
    Diluted earnings per share were $5.57 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did KWR last report financial results?
    The latest statements here come from Quaker Houghton's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this KWR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Quaker Houghton files with the SEC. It is provided for information only and is not investment advice.