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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. 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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.21
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — 1 — — 1 — —
Insider Ownership 21.74%

Capital & Financial Ratios $m

Market Cap 2,730.00
Revenue 1,975.35
Net Income 97.80
Free Cash Flow 74.59
Net Debt 718.35
Current Ratio 2.46 (at or above 1.5: strong)
Debt/Equity 0.63
P/E ratio 27.93
Fwd P/E 25.20
P/S ratio 1.36
P/B ratio 1.95
Past 5Y EPS Growth —
This Y EPS Growth 12.07%
Next Y EPS Growth 21.55% (at or above 15%: strong)
Next Y revenue growth 7.64%
Next 5Y EPS Growth 16.16% (at or above 15%: strong)

Green and red mark values outside typical ranges. 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 28.06%
10-year low 10-year high
P/S against its own 10 years 15.55%
10-year low 10-year high
P/B against its own 10 years 18.02%
10-year low 10-year high
EV/Sales against its own 10 years 19.68%
10-year low 10-year high
EV/FCF against its own 10 years 73.84%
10-year low 10-year high

Dividends

Payout Ratio 0.46
Annual Dividend Rate 2.56
Annual Dividend Yield 1.63%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.05
0.51
0.51
0.51
0.53
2025 1.96
0.49
0.49
0.49
0.51
2024 1.85
0.46
0.46
0.46
0.49
2023 1.76
0.44
0.44
0.44
0.46
2022 1.68
0.42
0.42
0.42
0.44
2021 1.60
0.40
0.40
0.40
0.42
2020 1.55
0.39
0.39
0.39
0.40
2019 1.51
0.37
0.37
0.39
0.39
2018 1.45
0.36
0.36
0.37
0.37
2017 1.75
0.35
0.35
0.35
0.36
0.36
2016 1.33
0.32
0.32
0.35
0.35
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 195 189 180 155
Receivables 445 400 417 464
Inventory 234 227 266 304
Other — — — —
928 876 921 991
2023 2024 2025 Q'26
Payables 185 198 199 234
ST’ Debt 23 38 36 16
Other — 81 85 92
368 380 380 403

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%

Revenue $m

Mar Jun Sep Dec Year
’26 480 533 — — —
’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 — — —
’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 — — —
’25 (15) 34 41 21 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.

EPS $

Mar Jun Sep Dec Year
’26 1.13 1.55 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 68.20 124.92 137.95 141.79 108.14 215.86 129.06 138.67 137.00 95.91

Analyst estimates 2026–2028

Powerpack
High 139.92 165.93 217.15 224.30 272.31 301.99 245.22 221.94 214.19 148.80
People
People Employees 2,020 2,110 2,160 4,500 4,200 4,700 4,600 4,400 4,400 4,700
Revenue/emp, $m 0.37 0.39 0.40 0.25 0.34 0.37 0.42 0.44 0.42 0.40
Income, $m
Income, $m Revenue 747 820 868 1,134 1,418 1,761 1,944 1,953 1,840 1,889
Gross margin, % 37.51 35.54 36.00 34.59 36.22 33.76 31.52 36.13 37.29 35.97
EBT 84 61 83 29 27 147 7 153 155 7
EBT margin, % 11.25 7.40 9.58 2.55 1.91 8.35 0.37 7.84 8.43 0.37
Net income 63 22 60 32 40 121 (16) 113 117 (2)
Depreciation 20 20 20 47 88 91 83 82 84 99
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
Earnings 4.64 1.53 4.46 2.08 2.23 6.79 (0.89) 6.27 6.51 (0.14)
Cash flow 5.61 4.90 5.94 5.45 10.07 2.75 2.34 15.59 11.46 7.81
Capex (0.74) (0.82) (0.91) (1.02) (1.01) (1.21) (1.52) (2.17) (2.34) (3.20)
Free cash flow 4.87 4.08 5.03 4.42 9.06 1.54 0.83 13.43 9.12 4.61
Book value 31.41 31.02 32.89 82.13 74.54 77.95 71.67 77.40 75.86 78.78
Shares, m 13 13 13 15 18 18 18 18 18 17
Valuation, ×
Valuation, × P/E 28.05 98.42 39.76 72.48 113.12 33.99 0.00 33.87 21.62 0.00
P/S 2.28 2.44 2.72 2.20 3.17 2.33 1.50 1.94 1.37 1.27
P/B 4.13 4.89 5.40 2.00 3.40 2.96 2.28 2.74 1.86 1.74
EV/Sales 2.25 2.41 2.64 2.90 3.67 2.75 1.90 2.23 1.65 1.64
EV/FCF 26.31 36.71 34.31 49.09 32.38 176.05 250.83 18.12 18.62 38.34
Cash, $m
Cash, $m Operating cash flow 74 65 79 82 178 49 42 279 205 136
Capex (10) (11) (12) (15) (18) (21) (27) (39) (42) (56)
Free cash flow 64 54 67 67 160 27 15 240 163 81
Balance, $m
Balance, $m Working capital 249 252 267 356 410 490 639 560 497 541
Total debt 66 67 37 921 888 893 953 754 707 871
Net debt (22) (23) (68) 797 706 728 772 560 518 691
Shareholders’ equity 413 410 436 1,242 1,321 1,388 1,279 1,385 1,354 1,376
Returns, %
Returns, % 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
ROE 15.34 4.90 14.00 3.76 3.09 8.96 (1.19) 8.47 8.52 (0.18)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
AVNT Avient Corporation $3.6B 21.0× 14.0× +5.83% (above 0%: growing) +24.56% (above 0%: growing) −16.67% (below 0%: shrinking) 33.54% 12.26% Compare
ASH Ashland Inc. $3.3B 62.4× 24.9× +7.34% (above 0%: growing) n/m +5.26% (above 0%: growing) 34.21% 8.65% Compare
FUL H. B. Fuller Company $2.8B 14.1× 16.8× +5.17% (above 0%: growing) +18.19% (above 0%: growing) −58.41% (below 0%: shrinking) 33.22% 12.07% Compare
HWKN Hawkins, Inc. $2.8B 33.8× 36.3× +7.64% (above 0%: growing) −3.55% (below 0%: shrinking) +30.29% (above 0%: growing) 23.44% 12.25% Compare
KWR Quaker Houghton $2.7B 27.9× 25.2× +10.17% (above 0%: growing) n/m −43.19% (below 0%: shrinking) 35.53% 7.62%
WDFC WD-40 Company $2.7B 30.3× 34.0× +24.35% (above 0%: growing) +45.45% (above 0%: growing) −13.28% (below 0%: shrinking) 56.59% 20.67% Compare
NGVT Ingevity Corporation $2.4B 45.3× 18.5× −5.25% (below 0%: shrinking) n/m −136.08% (below 0%: shrinking) 44.25% 19.13% Compare
IOSP Innospec Inc. $2.4B 19.7× 16.3× +11.76% (above 0%: growing) +32.98% (above 0%: growing) −63.16% (below 0%: shrinking) 28.14% 8.08% Compare
MTX Minerals Technologies Inc. $2.0B — (loss-making) 12.4× +3.69% (above 0%: growing) n/m +5.92% (above 0%: growing) 24.40% (40.17%) Compare
Median of peers $2.7B 30.3× 17.7× +6.59% +24.56% −14.97% 33.38% 12.16%

All 60 Specialty Chemicals stocks →

Quaker Houghton (KWR) key facts

  • Strength: Quaker Houghton’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 2.66% from fiscal 2024.
  • Quaker Houghton (KWR) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, KWR traded at $156.96, a market capitalization of $2.7 billion.
  • Quaker Houghton pays an annual dividend of $2.56 per share, a yield of 1.63%, with a payout ratio of 45.7%.
  • Return on equity was −0.18% and debt-to-equity 0.63.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.28 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/KWR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com