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. In the quarter to June 2026, revenue grew 10.2%, EPS grew 141.3%, free cash flow fell 43.2% and total debt fell 6.67%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.

156.96 1.59 −1.00%
Market cap
$2.7B
P/E
27.9×
Fwd P/E
25.2×
Dividend yield
1.63%
F-score
5/9
Altman Z
2.28
Beneish M
−2.68
Dividend safety
45/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
28.05 98.42 39.76 72.48 113.12 33.99 0.00 33.87 21.62 0.00
Piotroski F-Score
7 5 8 3 6 6 4 7 7 5
P/S ratio
2.28 2.44 2.72 2.20 3.17 2.33 1.50 1.94 1.37 1.27
Altman Z-Score
6.26 6.37 8.06 1.73 2.65 2.78 2.41 3.24 2.72 2.28
Altman Z″-Score (non-manufacturers)
6.46 5.90 6.84 2.21 2.43 2.93 3.02 3.64 3.67 3.11
P/FCF ratio
26.66 37.14 35.32 37.18 27.98 149.55 198.39 15.79 15.44 29.77
Beneish M-Score
(2.51) (2.70) (2.63) (1.56) (2.76) (2.18) (2.49) (2.85) (2.75) (2.68)
P/Operating CF
82.10 83.53 84.56 53.07 67.68 88.51 42.88 47.68 39.84 51.55
Dividend Safety Score
— — — — — — — — — 45
P/B ratio
4.13 4.89 5.40 2.00 3.40 2.96 2.28 2.74 1.86 1.74
Price to Tangible BV
6.59 7.94 8.15 0.00 0.00 0.00 0.00 0.00 306.75 1,936.41
EV/Sales
2.25 2.41 2.64 2.90 3.67 2.75 1.90 2.23 1.65 1.64
EV/EBITDA
16.04 23.85 21.29 35.33 35.26 20.01 27.20 14.68 10.87 20.27
EV/Operating CF
22.82 30.55 29.07 39.89 29.13 98.85 88.33 15.60 14.82 22.64
EV/FCF
26.31 36.71 34.31 49.09 32.38 176.05 250.83 18.12 18.62 38.34
Quick Ratio
2.23 1.93 2.02 1.39 1.45 1.38 1.84 1.74 1.55 1.57
Current Ratio
2.95 2.63 2.76 1.99 2.07 2.14 2.80 2.52 2.31 2.42
Net Debt/EBITDA
(0.21) (0.28) (0.63) 8.57 4.79 3.01 5.69 1.89 1.86 4.53
Debt/Assets
9.61% 9.25% 5.16% 32.30% 30.71% 30.22% 33.77% 27.78% 27.09% 31.11%
Debt/Equity
0.16 0.16 0.08 0.74 0.67 0.64 0.75 0.54 0.52 0.63
Asset Turnover
1.09 1.16 1.21 0.64 0.49 0.60 0.67 0.71 0.69 0.70
Operating CF/Net income
1.21 3.22 1.33 2.61 4.50 0.40 (2.62) 2.47 1.75 (54.84)
Capex/Depreciation
(0.50) (0.54) (0.61) (0.33) (0.20) (0.23) (0.32) (0.47) (0.50) (0.56)
Interest Coverage
29.54 46.20 21.72 2.72 2.23 6.74 1.61 4.23 4.75 1.20
ROE
15.34% 4.90% 14.00% 3.76% 3.09% 8.96% (1.19%) 8.47% 8.52% (0.18%)
ROA
8.87% 2.85% 8.27% 1.77% 1.38% 4.15% (0.55%) 4.07% 4.38% (0.09%)
ROIC
13.67% 10.15% 14.88% 1.41% 1.83% 4.44% 1.59% 6.89% 6.50% 1.60%
Return on Tangible Assets
18.19% 5.95% 16.87% 5.54% 6.46% 17.66% (1.90%) 14.68% 16.06% (0.29%)
Average Days of Receivables
95.43 92.74 85.05 121.07 96.03 89.26 88.81 83.14 79.39 80.62
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
25.94% 24.24% 23.96% 25.04% 26.86% 23.78% 23.88% 24.76% 26.35% 26.60%
Intangible Assets out of Total Assets
0.22 0.22 0.21 0.61 0.59 0.56 0.52 0.52 0.52 0.49
Share Based Compensation of Revenue
0.85% 0.51% 0.43% 0.43% 0.78% 0.63% 0.60% 0.75% 0.81% 0.72%
Graham Net Nets
0.06 0.05 0.06 (0.36) (0.17) (0.16) (0.19) (0.11) (0.15) (0.21)
Graham Number
57.20 32.78 57.51 64.77 61.29 109.13 0.00 104.41 105.41 0.00
Earnings Yield
3.57% 1.02% 2.52% 1.38% 0.88% 2.94% (0.54%) 2.95% 4.62% (0.09%)
Free Cash Flow Yield
3.75% 2.69% 2.83% 2.69% 3.57% 0.67% 0.50% 6.33% 6.48% 3.36%
Revenue per Share
56.84 62.10 65.38 74.93 80.00 98.91 108.94 109.17 103.06 108.09
Operating CF per Share
5.61 4.90 5.94 5.45 10.07 2.75 2.34 15.59 11.46 7.81
Capex per Share
(0.74) (0.82) (0.91) (1.02) (1.01) (1.21) (1.52) (2.17) (2.34) (3.20)
Free Cash Flow per Share
4.87 4.08 5.03 4.42 9.06 1.54 0.83 13.43 9.12 4.61
Cash per Share
6.76 6.81 7.85 8.17 10.26 9.28 10.14 10.87 10.58 10.29
Shareholders Equity per Share
31.41 31.02 32.89 82.13 74.54 77.95 71.67 77.40 75.86 78.78
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
31.41 31.02 32.89 82.13 74.54 77.95 71.67 77.40 75.86 78.78
Free Cash Flow
63.99 53.89 66.76 66.93 160.49 27.48 14.72 240.22 162.78 80.60
Working Capital
249.06 251.84 267.04 356.04 409.77 489.79 639.35 560.38 496.65 541.03
Capital Expenditures
(9.77) (10.87) (12.02) (15.44) (17.90) (21.46) (27.08) (38.80) (41.79) (55.86)
Net Current Asset Value
97.05 94.08 145.21 (891.98) (778.19) (647.58) (548.90) (401.40) (380.05) (500.25)
EV/EBIT
19.72 31.53 26.09 71.23 87.54 32.15 70.58 20.30 15.57 58.32
Capex to Sales
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.03
Price to Operating Income
19.98 31.90 26.86 53.94 75.64 27.31 55.82 17.69 12.90 45.28
Other line items
Depreciation/Fixed assets
0.23 0.23 0.24 0.22 0.43 0.46 0.42 0.39 0.37 0.32
Cash ROIC
11.27% 9.52% 11.57% 2.93% 6.71% 1.12% 0.61% 10.29% 7.23% 3.32%
Accounts Receivable Turnover
3.89 4.06 4.23 3.92 3.79 4.38 4.30 4.26 4.35 4.62
Accounts Payable Turnover
6.44 6.20 6.14 5.73 4.89 5.48 6.33 6.59 6.03 6.09
Inventory Turnover
6.13 6.43 6.12 5.51 4.99 5.16 4.85 4.81 5.00 4.90
Average Days of Payables
60.70 64.22 57.73 84.15 80.28 70.92 53.20 54.07 62.69 60.04
Days of Inventory on Hand
60.30 60.23 61.86 86.13 75.79 82.77 78.12 68.41 71.97 80.22
Average Receivables
191.76 201.79 205.25 289.06 374.48 401.83 451.78 458.92 422.54 408.64
Average Payables
72.44 85.30 90.41 129.37 184.90 212.76 210.32 189.40 191.48 198.53
Average Inventory
76.09 82.15 90.66 134.52 181.36 226.15 274.69 259.35 230.66 246.62
Average Assets
686.38 707.08 715.90 1,779.99 2,871.08 2,923.80 2,888.69 2,767.92 2,662.43 2,704.29
Average Common Equity
396.92 411.11 422.99 839.37 1,281.64 1,354.42 1,333.25 1,331.75 1,369.55 1,365.34

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Columns are period end dates