Quaker Houghton (KWR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.66	$2.19	+31.9%	—	$532.5M	—
Q1 26	$1.62	$1.63	+0.6%	—	$480.5M	—
Q4 25	$1.75	$1.65	-5.7%	—	$468.5M	—
Q3 25	$1.98	$2.08	+5.1%	—	$493.8M	—
Q2 25	$1.83	$1.71	-6.6%	—	—	—
Q1 25	$1.57	$1.58	+0.6%	—	—	—
Q4 24	$1.52	$1.33	-12.5%	—	—	—
Q3 24	$2.08	$1.89	-9.1%	—	—	—
Q2 24	$2.22	$2.13	-4.1%	—	—	—
Q1 24	$1.96	$2.09	+6.6%	—	—	—
Q4 23	$1.68	$1.78	+6.0%	—	—	—
Q3 23	$1.9	$2.05	+7.9%	—	—	—
Q2 23	$1.85	$1.93	+4.3%	—	$495.4M	—
Q1 23	$1.33	$1.89	+42.1%	—	$500.1M	—
Q4 22	$1.27	$1.39	+9.4%	—	$484.8M	—
Q3 22	$1.47	$1.74	+18.4%	—	$492.2M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.14	—	—	$1.9B	—
FY24	—	$6.51	—	—	$1.8B	—
FY23	—	$6.27	—	—	$2B	—
FY22	—	-$0.89	—	—	$1.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$746.7M	$820.1M	$867.5M	$1.1B	$1.4B	$1.8B	$1.9B	$2B	$1.8B	$1.9B
YoY change	+1.24%	+9.83%	+5.78%	+30.7%	+25.1%	+24.2%	+10.4%	+0.5%	-5.82%	+2.66%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	746.7M	820.1M	867.5M	1.1B	1.4B	1.8B	1.9B	2B	1.8B	1.9B
Cost of revenue	466.6M	528.6M	555.2M	741.4M	904.2M	1.2B	1.3B	1.2B	1.2B	1.2B
Gross profit	280.1M	291.5M	312.3M	392.1M	513.4M	594.6M	612.7M	705.6M	686M	679.4M
Gross margin	37.5%	35.5%	36%	34.6%	36.2%	33.8%	31.5%	36.1%	37.3%	36%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	193.7M	198.8M	207.9M	283.8M	380.8M	418.9M	455.4M	483.6M	484.8M	502.4M
Operating expenses	193.7M	198.8M	207.9M	283.8M	380.8M	418.9M	455.4M	483.6M	484.8M	502.4M
Operating income	86.8M	93.7M	105.1M	109.4M	136M	190.9M	155.6M	223.4M	201.2M	177M
Operating margin	11.6%	11.4%	12.1%	9.65%	9.6%	10.8%	8.01%	11.4%	10.9%	9.37%
Non-operating income, net	-2M	-31.7M	-18M	-63.5M	-82.3M	-21.6M	-115.9M	-19.6M	-5.2M	-128.5M
Pretax income	84M	60.7M	83.1M	28.9M	27.1M	147M	7.1M	153.1M	155.1M	7M
Income tax	23.2M	41.7M	25.1M	2.1M	-5.3M	34.9M	24.9M	55.6M	49.3M	24.6M
Net income	63M	22.3M	59.8M	31.9M	39.8M	121.4M	-15.8M	112.9M	116.7M	-2.4M
Net margin	8.44%	2.72%	6.89%	2.81%	2.81%	6.89%	-0.82%	5.78%	6.35%	-0.13%
EBITDA	107.3M	110.5M	123.6M	152.6M	199.1M	280.3M	239.3M	304.7M	286.3M	274.2M
EPS	4.64	1.53	4.46	2.08	2.23	6.79	-0.89	6.27	6.51	-0.14
Diluted EPS	4.63	1.52	4.45	2.08	2.22	6.77	-0.89	6.26	6.51	-0.14

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	493.8M	468.5M	480.5M	532.5M
Cost of revenue	—	—	—	—	—	—	—	—	313M	303M	303.7M	343.3M
Gross profit	—	—	—	—	—	—	—	—	180.9M	165.5M	176.7M	189.2M
Gross margin	—	—	—	—	—	—	—	—	36.6%	35.3%	36.8%	35.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	126.5M	130.3M	135.8M	140.5M
Operating expenses	—	—	—	—	—	—	—	—	126.5M	130.3M	135.8M	140.5M
Operating income	—	—	—	—	—	—	—	—	54.4M	35.2M	41M	48.7M
Operating margin	—	—	—	—	—	—	—	—	11%	7.52%	8.53%	9.15%
Non-operating income, net	—	—	—	—	—	—	—	—	-8.6M	-4.9M	-8M	-8.4M
Pretax income	—	—	—	—	—	—	—	—	35.4M	20.2M	23.7M	31.1M
Income tax	13.6M	18.6M	12.5M	15.8M	12.2M	8.8M	7.5M	5.5M	9.3M	2.3M	7.1M	11.2M
Net income	—	—	—	—	—	—	—	—	30.5M	20.8M	19.7M	26.8M
Net margin	—	—	—	—	—	—	—	—	6.17%	4.43%	4.11%	5.03%
EBITDA	—	—	—	—	—	—	—	—	80.1M	61.1M	67.3M	75.6M
EPS	1.87	—	1.96	1.94	1.81	0.8	0.73	-3.78	1.75	1.18	1.13	1.56
Diluted EPS	1.87	—	1.95	1.94	1.81	0.8	0.73	-3.78	1.75	1.18	1.13	1.55

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.7B	2B	2.4B	—	—	4.1B	3B	3.8B	2.5B	2.4B	2.8B
Enterprise value	1.7B	2B	2.3B	—	—	4.9B	3.8B	4.4B	3.1B	3.1B	3.6B
Shares outstanding	13.1M	13.2M	13.3M	15.1M	17.7M	17.8M	17.8M	17.9M	17.9M	17.5M	17.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	26.7	89.3	39.4	—	—	33.8	—	33.8	21.5	—	29
P/S	2.25	2.43	2.72	—	—	2.33	1.53	1.95	1.37	1.27	1.41
P/B	4.07	4.86	5.4	—	—	2.96	2.33	2.76	1.86	1.74	2.02
EV/EBITDA	15.4	17.8	18.5	—	—	17.4	15.8	14.5	10.7	11.4	12.5
EV/Sales	2.22	2.4	2.64	—	—	2.77	1.95	2.26	1.66	1.65	1.81
Earnings yield	3.75%	1.12%	2.54%	—	—	2.96%	—	2.96%	4.65%	—	3.44%
FCF yield	3.8%	2.71%	2.79%	—	—	0.67%	0.45%	6.29%	6.48%	3.36%	4.71%
PEG	—	—	—	—	—	—	—	—	—	—	-0.21

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	37.5%	35.5%	36%	34.6%	36.2%	33.8%	31.5%	36.1%	37.3%	36%	35.5%
Operating margin	11.6%	11.4%	12.1%	9.65%	9.6%	10.8%	8.01%	11.4%	10.9%	9.37%	9.13%
Net margin	8.44%	2.72%	6.89%	2.81%	2.81%	6.89%	-0.82%	5.78%	6.35%	-0.13%	4.95%
ROE	15.3%	5.44%	13.7%	2.57%	3.01%	8.75%	-1.24%	8.15%	8.62%	-0.17%	7.17%
ROA	9.11%	3.09%	8.43%	1.12%	1.38%	4.11%	-0.56%	4.16%	4.47%	-0.09%	4.1%
ROIC	16.1%	7.6%	19.9%	4.88%	6.59%	6.76%	0%	7.19%	7.21%	0%	6.12%
Return on tangible assets	16.4%	5.48%	14.4%	-5.25%	-7.46%	-33.5%	16.8%	-108.3%	-143.5%	-5.06%	53%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.95	2.63	2.76	1.99	2.07	2.14	2.8	2.52	2.31	2.42	2.46
Quick ratio	2.35	2.06	2.14	1.5	1.58	1.52	2	1.89	1.71	1.72	1.7
Debt / equity	0.16	0.16	0.08	0.78	0.7	0.67	0.78	0.57	0.54	0.66	0.67
Debt / assets	0.1	0.09	0.05	0.34	0.32	0.31	0.35	0.29	0.28	0.32	0.32
Net debt / EBITDA	-0.21	-0.21	-0.55	5.5	3.74	2.73	3.39	1.95	1.92	2.65	2.66
Interest coverage	30.1	45.7	21.6	2.7	2.02	7.58	1.22	4.02	4.78	1.16	3.66
Effective tax rate	27.6%	68.7%	30.1%	7.21%	0%	23.8%	100%	36.3%	31.8%	100%	27.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	56.8	62.1	65.4	74.9	80	98.9	108.9	109.2	103.1	108.1	114.3
EPS (basic)	4.64	1.53	4.46	2.08	2.23	6.79	-0.89	6.27	6.51	-0.14	-0.14
EPS (diluted)	4.63	1.52	4.45	2.08	2.22	6.77	-0.89	6.26	6.51	-0.14	5.57
Book value per share	31.4	31	32.9	82.1	74.5	78	71.7	77.4	75.9	78.8	80
FCF per share	4.86	4.08	4.97	4.42	9.06	1.54	0.74	13.4	9.12	4.61	4.34
Cash per share	6.76	6.81	7.85	8.17	10.3	9.28	10.1	10.9	10.6	10.3	9.02
Capex per share	0.76	0.82	0.97	1.03	1.01	1.21	1.6	2.17	2.34	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.33%	1.33%	1.49%	1.37%	1.26%	1.22%	1.47%	1.99%	2.27%	—	—
Capex / operating cash flow	12.4%	15.6%	16.8%	14.8%	18.8%	37.4%	-88.6%	13.8%	18.8%	—	—
Payout ratio	28%	83.5%	32.3%	68.5%	69.3%	23.6%	-190%	28%	28.4%	-1.4K%	36%
Dividend yield	1.05%	0.93%	0.82%	—	—	0.7%	1.01%	0.83%	1.32%	1.43%	1.27%

Yield

1.27%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.508

ex-dividend Jul 17, 2026

Payout ratio

36%

of earnings

Dividend growth

15 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 17, 2026	$0.508
Apr 16, 2026	$0.508
Jan 16, 2026	$0.508

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$493.8M	$468.5M	$480.5M	$532.5M
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	88.8M	89.9M	104.1M	123.5M	181.8M	165.2M	181M	194.5M	188.9M	179.8M
Receivables	195.2M	208.4M	202.1M	376M	373M	430.7M	472.9M	444.9M	400.1M	417.2M
Inventory	77.1M	87.2M	94.1M	174.9M	187.8M	264.5M	284.8M	233.9M	227.5M	265.8M
Total current assets	376.5M	406.6M	418.5M	716M	792.7M	920.3M	994.1M	927.9M	876.4M	921.2M
Property, plant & equipment	5M	-407K	-1.1M	125.9M	106.8M	99.8M	103.6M	99.3M	113.9M	173.9M
Goodwill & intangibles	307.8M	315.3M	293.8M	3.5B	3.4B	3.3B	2.9B	2.8B	2.7B	2.8B
Total assets	692M	722.1M	709.7M	2.9B	2.9B	3B	2.8B	2.7B	2.6B	2.8B
Accounts payable	77.6M	93M	87.8M	164.1M	191.8M	226.7M	194M	184.8M	198.1M	198.9M
Short-term debt	707K	5.7M	670K	49.5M	49.9M	66.9M	31.3M	35.4M	48.2M	48.2M
Total current liabilities	127.4M	154.7M	151.5M	359.9M	383M	430.5M	354.8M	367.5M	379.8M	380.2M
Long-term debt	65.8M	61.1M	35.9M	913.7M	876.1M	862.7M	960.5M	753.6M	689.6M	857.7M
Total liabilities	279.4M	312.5M	273.3M	1.6B	1.6B	1.6B	1.5B	1.3B	1.3B	1.4B
Shareholders' equity	412.6M	409.6M	436.4M	1.2B	1.3B	1.4B	1.3B	1.4B	1.4B	1.4B
Total debt	66.5M	66.8M	36.6M	963.2M	926M	929.7M	991.8M	789M	737.8M	905.9M
Net debt	-22.3M	-23.1M	-67.5M	839.7M	744.2M	764.5M	810.8M	594.4M	548.9M	726M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	198.4M	194.5M	195.8M	188.6M	212.1M	188.9M	186.2M	201.9M	172M	179.8M	169.7M	155.1M
Receivables	446.5M	444.9M	440M	423.9M	422.7M	400.1M	418.7M	437.4M	436.2M	417.2M	441.2M	463.6M
Inventory	250.8M	233.9M	240.5M	239.1M	245M	227.5M	246.1M	264.3M	268.6M	265.8M	282.5M	304.1M
Total current assets	966.3M	927.9M	933M	919.1M	941.9M	876.4M	912.4M	974.1M	946M	921.2M	952.6M	991M
Property, plant & equipment	235M	99.3M	240.4M	237.5M	251M	113.9M	268.6M	327.1M	334.2M	173.9M	350M	368.2M
Goodwill & intangibles	2.8B	2.8B	2.8B	2.8B	2.8B	2.7B	2.7B	2.8B	2.8B	2.8B	2.7B	2.7B
Total assets	2.7B	2.7B	2.7B	2.7B	2.7B	2.6B	2.7B	2.8B	2.8B	2.8B	2.8B	2.9B
Accounts payable	190.1M	184.8M	191.2M	185.4M	191.8M	198.1M	199.4M	203.6M	205.5M	198.9M	205.4M	234.3M
Short-term debt	19.2M	35.4M	27.8M	32.4M	38.8M	48.2M	37.3M	37.9M	35.9M	48.2M	37.3M	15.7M
Total current liabilities	352.1M	367.5M	350.2M	350.1M	371.3M	379.8M	372.8M	380.1M	383.4M	380.2M	388.5M	403.4M
Long-term debt	827.1M	753.6M	763.2M	725.3M	721.3M	689.6M	719.9M	922.3M	861.2M	857.7M	859.3M	895.4M
Total liabilities	1.4B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.5B	1.4B	1.4B	1.4B	1.5B
Shareholders' equity	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.3B	1.4B	1.4B	1.4B	1.4B
Total debt	846.4M	789M	791M	757.8M	760M	737.8M	757.2M	960.1M	897.1M	905.9M	896.6M	911.1M
Net debt	648M	594.4M	595.3M	569.2M	548M	548.9M	571M	758.2M	725.1M	726M	726.8M	756M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	63M	22.3M	59.8M	31.9M	39.8M	121.4M	-15.8M	112.9M	116.7M	-2.4M
Depreciation & amortization	19.6M	20M	19.7M	44.9M	83.2M	86.5M	80.5M	82M	84.1M	93.5M
Stock-based compensation	6.3M	4.2M	3.7M	4.9M	11M	11M	11.7M	14.6M	15M	13.6M
Change in working capital	-10M	151K	-8.2M	20.5M	6.3M	-153.2M	-93.2M	75.5M	11.2M	-20M
Operating cash flow	80.3M	69.8M	76.7M	104.8M	95.4M	57.4M	-32.2M	281.9M	222.6M	136.5M
Capital expenditure	-10M	-10.9M	-12.9M	-15.5M	-17.9M	-21.5M	-28.5M	-38.8M	-41.8M	—
Investing cash flow	-24.8M	-14.7M	-12.5M	-908.9M	-71.4M	-49.1M	-40.2M	-27.6M	-76.4M	-158.3M
Dividends paid	-17.6M	-18.6M	-19.3M	-21.8M	-27.6M	-28.6M	-30.1M	-31.6M	-33.2M	-34.4M
Share repurchases	-5.9M	0	0	—	—	—	—	—	-49.2M	-41.5M
Financing cash flow	-37.3M	-53.3M	-47M	842.8M	-79.1M	-14.4M	25.1M	-235.9M	-122.7M	61.8M
Net change in cash	18.2M	1.9M	17.2M	38.8M	-55.2M	-6.1M	-47.3M	18.4M	23.5M	40M
Free cash flow	63.8M	53.9M	65.9M	66.8M	160.5M	27.5M	13.3M	240.2M	162.8M	80.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	33.7M	20.2M	35.3M	34.9M	32.4M	14.2M	12.9M	-66.6M	30.5M	20.8M	19.7M	26.8M
Depreciation & amortization	20.6M	20.6M	20.8M	21.2M	21.2M	21M	20.6M	23.7M	24.2M	25M	25.6M	25.4M
Stock-based compensation	3.8M	3.4M	3.9M	4.2M	4.3M	2.6M	3.2M	3.7M	3.5M	3.2M	3.2M	3.7M
Change in working capital	30.4M	27.3M	-8.8M	6.5M	7.8M	12M	-39.5M	5.1M	-3.5M	19.6M	-37.1M	-10.8M
Operating cash flow	89.9M	73.4M	53.3M	67.5M	61.8M	47.3M	10.7M	41.6M	51.4M	46.5M	3.8M	29.5M
Capital expenditure	-8.8M	-13M	-4.5M	-6.7M	-8.2M	-22.5M	-12.3M	—	—	—	—	—
Investing cash flow	-8.8M	-13M	-29.3M	-3.9M	-22.6M	-20.6M	-13.4M	-159.3M	1M	1.1M	1.1M	1.1M
Dividends paid	-7.8M	-8.2M	-8.2M	-8.2M	-8.2M	-8.6M	-8.6M	-8.6M	-8.4M	-8.8M	-8.8M	-8.8M
Share repurchases	0	—	—	—	-15.1M	-26.3M	—	—	-3.8M	-5M	—	—
Financing cash flow	-111.6M	26.6M	6.6M	-38.1M	-27.7M	-73.6M	11M	169.3M	-68.3M	-22.7M	-3.4M	-10.9M
Net change in cash	-30.4M	87M	30.6M	25.5M	11.5M	-46.8M	8.2M	51.5M	-15.9M	24.9M	1.5M	19.7M
Free cash flow	74.7M	66.6M	22.8M	39.6M	59.8M	40.6M	-15.4M	33.6M	38M	24.3M	-6.9M	19.1M

Date	Ratio
Jul 31, 1990	3:2
Jan 31, 1985	2:1

Quaker Houghton Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history