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Quaker Houghton

KWR Basic Materials Specialty Chemicals

Quaker Houghton’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 2.66% from fiscal 2024.

Revenue
+10.3%
EPS
−0.42%
Free cash flow
−92.4%
Total debt
+2.00%

Quarter to September 2026, against a year earlier

152.46 4.84 −3.08%
Market cap
$2.6B
P/E
27.2×
Fwd P/E
21.6×
Dividend yield
1.35%
F-score
5/9
Altman Z
2.28
Beneish M
−2.68
Dividend safety
45/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.21
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — — 1 — — —
Insider Ownership 22.20%

Capital & Financial Ratios $m

Size
Market Cap 2,620.00
Revenue ttm 2,026.06
Net income ttm 97.28
Free cash flow ttm 39.43
Net debt Q 724.99
Valuation
P/E 27.16
Forward P/E 21.60
Price / sales 1.29
Forward P/S Powerpack
Price / FCF 66.49
Price / book 1.85
Financial health
Current ratio Q 2.47 (at or above 1.5: strong)
Debt / equity Q 0.63
Interest coverage Q 4.87
Growth
Revenue growth Q +10.27% (above 0%: growing)
Operating income growth Q +4.74% (above 0%: growing)
EPS, this year +13.65%
EPS, next year A +19.20% (at or above 15%: strong)
Revenue, next year A +7.75%
EPS, past 5 yrs —
EPS, next 5 yrs A +16.31% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.7×, against a ten-year median of 2.2×; over the ten years it ranged from 1.3× in 2025 to 4.0× in 2021.
P/E against its own 10 years 24.48%
10-year low 10-year high
P/S against its own 10 years 10.01%
10-year low 10-year high
P/B against its own 10 years 13.20%
10-year low 10-year high
EV/Sales against its own 10 years 15.07%
10-year low 10-year high
EV/FCF against its own 10 years 87.38%
10-year low 10-year high

Dividends raised every year since 2018

Yield
1.35%
Annual rate
2.05
Payout ratio
36.8%
Growth, 2018–26
+4.45%/yr
  1. 1.45 ’18
  2. 1.51 ’19 +4
  3. 1.55 ’20 +3
  4. 1.60 ’21 +3
  5. 1.68 ’22 +5
  6. 1.76 ’23 +5
  7. 1.85 ’24 +5
  8. 1.96 ’25 +6
  9. 2.05 ’26 +5
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 195 189 180 167
Receivables 445 400 417 488
Inventory 234 227 266 320
Other — — — —
928 876 921 1,049
2023 2024 2025 Q'26
Payables 185 198 199 234
ST’ Debt 23 38 36 21
Other — 81 85 99
368 380 380 426

Compound Annual Growth %

10y 5y 3y
Sales 9.86% 5.90% (0.95%)
Cash Flow 6.39% (5.22%) 48.35%
Earnings 0.00% 0.00% 0.00%
Book Value 13.70% 0.83% 2.49%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.16 Actual 2.39

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.71 1.65 Miss by 0.06
Q1 FY26 1.66 1.63 Miss by 0.03
Q2 FY26 1.68 2.19 Beat by 0.51
Q3 FY26 2.16 2.39 Beat by 0.23
Q4 FY26 1.83 — Reports 22 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.13 1.55 1.73 — —
’25 0.73 (3.78) 1.75 1.18 (0.14)
’24 1.95 1.94 1.81 0.81 6.51
’23 1.64 1.63 1.87 1.12 6.26
’22 1.11 0.80 1.44 (4.24) (0.89)
’21 2.15 1.88 1.73 1.01 6.77
’20 (1.60) (0.43) 1.53 2.72 2.22
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 480 533 545 — —
’25 443 483 494 468 1,889
’24 470 464 462 444 1,840
’23 500 495 491 467 1,953
’22 474 492 492 485 1,944
’21 430 435 449 447 1,761
’20 379 286 367 386 1,418
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 4 29 14 — —
’25 (3) 42 51 47 136
’24 27 46 68 63 205
’23 38 78 83 80 279
’22 (6) (2) (18) 68 42
’21 (13) 3 12 46 49
’20 20 24 67 66 178
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (7) 19 3 — —
’25 (15) 34 38 24 81
’24 23 42 60 38 163
’23 32 67 75 67 240
’22 (15) (8) (23) 61 15
’21 (2) (15) 6 38 27
’20 15 22 63 61 160
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 747 820 868 1,134 1,418 1,761 1,944 1,953 1,840 1,889 2,026 +10.9% 2,035 2,127 2,212 +5.4%
Gross margin, % 37.51 35.54 36.00 34.59 36.22 33.76 31.52 36.13 37.29 35.97 35.78 (1.5) pt
EBT 84 61 83 29 27 147 7 153 155 7 113 (24.1%)
EBT margin, % 11.25 7.40 9.58 2.55 1.91 8.35 0.37 7.84 8.43 0.37 5.58 (10.9) pt
Net income 63 22 60 32 40 121 (16) 113 117 (2) 97 n/m
Per share, $
Per share, $ Revenue 56.84 62.10 65.38 74.93 80.00 98.91 108.94 109.17 103.06 108.09 117.81 +7.4%
Earnings 4.64 1.53 4.46 2.08 2.23 6.79 (0.89) 6.27 6.51 (0.14) 5.61 n/m
Cash flow 5.61 4.90 5.94 5.45 10.07 2.75 2.34 15.59 11.46 7.81 5.47 +3.7%
Capex (0.74) (0.82) (0.91) (1.02) (1.01) (1.21) (1.52) (2.17) (2.34) (3.20) (3.18) +17.6%
Free cash flow 4.87 4.08 5.03 4.42 9.06 1.54 0.83 13.43 9.12 4.61 2.29 (0.6%)
Book value 31.41 31.02 32.89 82.13 74.54 77.95 71.67 77.40 75.86 78.78 82.40 +10.8%
Shares, m 13 13 13 15 18 18 18 18 18 17 17 +3.2%
Valuation, ×
Valuation, × P/E 28.05 98.42 39.76 72.48 113.12 33.99 0.00 33.87 21.62 0.00 27.16 44.1
P/S 2.28 2.44 2.72 2.20 3.17 2.33 1.50 1.94 1.37 1.27 1.29 2.1
P/B 4.13 4.89 5.40 2.00 3.40 2.96 2.28 2.74 1.86 1.74 1.85 3.1
EV/Sales 2.25 2.41 2.64 2.90 3.67 2.75 1.90 2.23 1.65 1.64 1.65 2.4
EV/FCF 26.31 36.71 34.31 49.09 32.38 176.05 250.83 18.12 18.62 38.34 84.87 68.1
Cash, $m
Cash, $m Operating cash flow 74 65 79 82 178 49 42 279 205 136 94 +7.1%
Capex (10) (11) (12) (15) (18) (21) (27) (39) (42) (56) (55) +21.4%
Free cash flow 64 54 67 67 160 27 15 240 163 81 39 +2.6%
Balance, $m
Balance, $m Working capital 249 252 267 356 410 490 639 560 497 541 624 +9.0%
Net debt (22) (23) (68) 797 706 728 772 560 518 691 725 n/m
Shareholders’ equity 413 410 436 1,242 1,321 1,388 1,279 1,385 1,354 1,376 1,417 +14.3%
Returns, %
Returns, % ROA 8.87 2.85 8.27 1.77 1.38 4.15 (0.55) 4.07 4.38 (0.09) 3.39 (9.0) pt
ROIC 13.67 10.15 14.88 1.41 1.83 4.44 1.59 6.89 6.50 1.60 4.50 (12.1) pt
ROE 15.34 4.90 14.00 3.76 3.09 8.96 (1.19) 8.47 8.52 (0.18) 6.98 (15.5) pt
People
People Employees 2,020 2,110 2,160 4,500 4,200 4,700 4,600 4,400 4,400 4,700 — +9.8%
Revenue/emp, $m 0.37 0.39 0.40 0.25 0.34 0.37 0.42 0.44 0.42 0.40 — +0.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Quaker Houghton vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ASH Ashland Inc. $3.5B 67.1× 39.4× +4.40% (above 0%: growing) n/m +400.00% (above 0%: growing) 35.94% 5.82% Compare
HWKN Hawkins, Inc. $3.2B 36.6× 36.3× +11.90% (above 0%: growing) +23.06% (above 0%: growing) +1.32% (above 0%: growing) 24.41% 13.35% Compare
WDFC WD-40 Company $3.0B 37.0× 32.3× +8.14% (above 0%: growing) −31.85% (below 0%: shrinking) +63.49% (above 0%: growing) 52.78% 10.78% Compare
FUL H. B. Fuller Company $2.7B 13.8× 11.7× +5.17% (above 0%: growing) +18.19% (above 0%: growing) −58.41% (below 0%: shrinking) 33.22% 12.07% Compare
KWR Quaker Houghton $2.6B 27.2× 21.6× +10.27% (above 0%: growing) −0.42% (below 0%: shrinking) −92.40% (below 0%: shrinking) 35.54% 8.97%
NGVT Ingevity Corporation $2.2B 42.0× 18.4× −5.25% (below 0%: shrinking) n/m −136.08% (below 0%: shrinking) 44.25% 19.13% Compare
IOSP Innospec Inc. $2.0B 13.9× 19.5× +7.17% (above 0%: growing) +146.71% (above 0%: growing) −88.68% (below 0%: shrinking) 27.26% 8.80% Compare
MTX Minerals Technologies Inc. $1.9B — (loss-making) — (loss-making) +4.23% (above 0%: growing) +2.80% (above 0%: growing) +19.04% (above 0%: growing) 23.28% 11.68% Compare
CC The Chemours Company $1.9B — (loss-making) — (loss-making) +3.01% (above 0%: growing) +223.80% (above 0%: growing) −12.50% (below 0%: shrinking) 15.00% 14.87% Compare
Median of peers $2.4B 36.8× 25.9× +4.79% +20.63% −5.59% 30.24% 11.88%

All 61 Specialty Chemicals stocks →

Pay and ownership Proxy statement filed 31 March 2026

Ownership

Directors and executive officers, together 1.00%
Gulf Hungary Holding Korlátolt Felelősségű Társaság andQH Hungary Holdings LimitedBAH Center2 Furj Street1124 Budapest, Hungary 21.00%
BlackRock, Inc.50 Hudson YardsNew York, NY 11.50%
The Vanguard Group100 Vanguard BoulevardMalvern, PA 8.90%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Quaker Houghton (KWR) Latest News

2 Nov

Impact 3 · · Zacks

30 Oct

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29 Oct

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Impact 3 · · Associated Press
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19 Oct

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14 Oct

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30 Sep

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25 Sep

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27 Aug

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7 Aug

Impact 3 · · The Motley Fool transcript

3 Aug

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2 Aug

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31 Jul

Impact 4 · transcript
Impact 3 · · MarketBeat transcript
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30 Jul

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23 Jul

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26 Jun

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25 Jun

Impact 3 · · PR Newswire

13 May

Impact 4 · · PR Newswire

11 May

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4 May

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2 May

Impact 3 · · GuruFocus.com

KWR metrics, ten years each

stockrow.com/KWR · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com