Tearsheet

Quaker Houghton (KWR)

Market Price (12/4/2025): $136.04 | Market Cap: $2.4 Bil
Sector: Materials | Industry: Specialty Chemicals

Quaker Houghton (KWR)

Market Price (12/4/2025): $136.04
Market Cap: $2.4 Bil
Sector: Materials
Industry: Specialty Chemicals

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Low stock price volatility Vol 12M is 42%	Weak multi-year price returns 2Y Excs Rtn is -72%, 3Y Excs Rtn is -97%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 47x
1	Megatrend and thematic drivers Megatrends include Advanced Materials, Automation & Robotics, and Battery Technology & Metals. Themes include Specialty Chemicals for Performance, Show more.	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 13.05, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7%
2			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.4%

0	Low stock price volatility Vol 12M is 42%
1	Megatrend and thematic drivers Megatrends include Advanced Materials, Automation & Robotics, and Battery Technology & Metals. Themes include Specialty Chemicals for Performance, Show more.
2	Weak multi-year price returns 2Y Excs Rtn is -72%, 3Y Excs Rtn is -97%
3	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 13.05, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 47x
5	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.4%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$136.04	$138.47	$207.86	$160.96	$220.21
Market Cap CYE ($ Bil)	2.4	2.5	3.7	2.9	3.9
Total Debt ($ Bil)	0.9	0.7	0.8	1.0	0.9
Total Cash ($ Bil)	0.2	0.2	0.2	0.2	0.2
Enterprise Value ($ Bil)	3.1	3.2	4.5	3.9	4.8
Valuation Ratios
P/S TTM	1.2	1.4	1.9	1.5	2.3
P/EBIT TTM	47.5	12.8	18.7	75.0	24.3
P/E TTM	-254.2	21.5	33.9	-186.9	33.9
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$136.04	$138.47	$207.86
Market Cap CYE ($ Bil)	2.4	2.5	3.7
Total Debt ($ Bil)	0.9	0.7	0.8
Total Cash ($ Bil)	0.2	0.2	0.2
Enterprise Value ($ Bil)	3.1	3.2	4.5
Valuation Ratios
P/S TTM	1.2	1.4	1.9
P/EBIT TTM	47.5	12.8	18.7
P/E TTM	-254.2	21.5	33.9
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	KWR	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	1.9
Rev Chg Q	6.8%	7.1%
Rev Chg LTM	0.1%	6.1%
Rev Chg 3Y Avg	-0.7%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	9.3%	18.8%
CFO/Rev LTM	8.2%	20.5%
Net Inc Mgn	-0.5%	13.1%
VALUATION	MODERATE
P/S	1.2	3.2
P/CFO	15.0	15.8
P/FCF	23.6	20.5
P/E	-254.2	23.5
STABILITY	GOOD
Debt/Equity	0.39	0.20
Cash/Assets	0.06	0.07

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Metric	Value	Date	Source
Number of Employees	Approximately 4,400	3312025	Link
Number of Countries with Operations	Over 25	3312025	Link
Number of Customers	Thousands of the world's most advanced and specialized steel, aluminum, automotive, aerospace, offshore, container, mining, and metalworking companies	3312025	Link
Organic Sales Volume Growth YoY	3%	9302025	Link
New Business Wins Globally	Approximately 5%	9302025	Link
Number of Patents	Limited number of patents and patent applications	2282025	Link
Reduction in Scope 2 greenhouse gas emissions	7%	4232025	Link
Waste elimination at QH FLUIDCARE™ partner locations	Over 23,000 metric tons in 2024	4232025	Link
Global electricity consumption from renewable or zero carbon sources	76%	4232025	Link

Upcoming
1/16/2026	Dividend	Amount: $0.51 Payment On: 1/30/2026
2/23/2026	Earnings Release	Rev: - EPS: -

KWR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining the approximate -5.9% movement in Quaker Houghton (KWR) stock for the period from August 31, 2025, to December 4, 2025: 1. Breaking Below Key Technical Indicator: Quaker Houghton's stock broke below its 200-day moving average around November 20, 2025. This technical breach is often interpreted as a bearish signal by investors, potentially leading to increased selling pressure and a downward trend in the stock price. 2. Sell Signal from Pivot Top: A sell signal was issued from a pivot top point on Tuesday, November 25, 2025. This technical indicator can suggest a reversal from an upward trend, implying that the stock's price was likely to continue declining.

Stock Movement Drivers

Fundamental Drivers

The 1.4% change in KWR stock from 9/3/2025 to 12/3/2025 was primarily driven by a 1.7% change in the company's Total Revenues ($ Mil).

	9032025	12032025	Change
Stock Price ($)	134.15	135.98	1.37%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1832.67	1864.24	1.72%
P/S Multiple	1.29	1.27	-1.53%
Shares Outstanding (Mil)	17.57	17.36	1.19%
Cumulative Contribution			1.35%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
KWR	1.4%
Market (SPY)	6.2%	49.7%
Sector (XLB)	-2.2%	56.6%

Fundamental Drivers

The 27.2% change in KWR stock from 6/4/2025 to 12/3/2025 was primarily driven by a 21.8% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	106.87	135.98	27.24%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1812.84	1864.24	2.84%
P/S Multiple	1.04	1.27	21.80%
Shares Outstanding (Mil)	17.64	17.36	1.56%
Cumulative Contribution			27.21%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
KWR	27.2%
Market (SPY)	15.1%	42.3%
Sector (XLB)	1.6%	65.7%

Fundamental Drivers

The -11.7% change in KWR stock from 12/3/2024 to 12/3/2025 was primarily driven by a -14.2% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	154.07	135.98	-11.74%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1862.71	1864.24	0.08%
P/S Multiple	1.48	1.27	-14.16%
Shares Outstanding (Mil)	17.84	17.36	2.66%
Cumulative Contribution			-11.80%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
KWR	-11.7%
Market (SPY)	14.3%	57.7%
Sector (XLB)	-4.3%	70.5%

Fundamental Drivers

The -27.1% change in KWR stock from 12/4/2022 to 12/3/2025 was primarily driven by a -27.5% change in the company's P/S Multiple.

	12042022	12032025	Change
Stock Price ($)	186.54	135.98	-27.10%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1905.82	1864.24	-2.18%
P/S Multiple	1.75	1.27	-27.50%
Shares Outstanding (Mil)	17.85	17.36	2.71%
Cumulative Contribution			-27.16%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
KWR	-25.1%
Market (SPY)	53.2%	54.3%
Sector (XLB)	11.8%	65.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
KWR Return	55%	-8%	-27%	29%	-33%	-3%	-13%
Peers Return	13%	29%	-27%	24%	8%	-3%	39%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
KWR Win Rate	67%	58%	33%	58%	33%	60%
Peers Win Rate	45%	57%	30%	42%	43%	34%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
KWR Max Drawdown	-32%	-13%	-42%	-16%	-35%	-31%
Peers Max Drawdown	-32%	-5%	-34%	-5%	-6%	-11%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BCPC, AVNT, VRDE, SHW, ECL. See KWR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	KWR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-55.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	124.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-40.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	67.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	65 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-35.7%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	55.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	356 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-85.8%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	604.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	410 days	1480 days

Compare to BCPC, AVNT, VRDE, SHW, ECL

In The Past

Quaker Houghton's stock fell -55.4% during the 2022 Inflation Shock from a high on 2/22/2021. A -55.4% loss requires a 124.0% gain to breakeven.

Preserve Wealth

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About Quaker Houghton (KWR)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals. The company also provides chemical management services. It serves steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. The company was formerly known as Quaker Chemical Products Corporation and changed its name to Quaker Chemical Corporation in August 1962. Quaker Chemical Corporation was founded in 1918 and is headquartered in Conshohocken, Pennsylvania.

AI Generated Analysis | Feedback

Analogy 1: "Ecolab for industrial lubricants and process fluids"

Analogy 2: "Valvoline for industrial manufacturing"

AI Generated Analysis | Feedback

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Metalworking Fluids: Essential fluids used in machining, grinding, forming, and heat treating metal to improve performance and extend tool life.
Corrosion Protective Coatings: Products applied to metal surfaces to prevent rust and corrosion during manufacturing, storage, and transport.
Die Casting Release Agents: Specialized coatings applied to molds in die casting to facilitate part ejection and protect the mold.
Industrial Lubricants: A broad range of lubricants used in various industrial machinery and equipment to reduce friction and wear.
Hydraulic Fluids: Fluids used in hydraulic systems to transmit power and lubricate components.

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AI Generated Analysis | Feedback

Quaker Houghton (symbol: KWR) primarily operates as a business-to-business (B2B) company, supplying industrial process fluids and chemical specialties to a wide range of manufacturing and industrial companies globally.

Due to the diverse and extensive nature of its customer base across numerous industries, and typical confidentiality practices in B2B relationships, Quaker Houghton does not publicly disclose the names of individual major customer companies. No single customer or small group of customers are typically reported to account for a significant percentage (e.g., >10%) of their total revenue, indicating a broad customer base.

Instead of specific company names, Quaker Houghton's major customers can be categorized by the industries they serve. These industries represent the types of companies that rely on Quaker Houghton's products and expertise:

Automotive (original equipment manufacturers and their supply chains)
Aerospace
Steel and Aluminum production
Metalworking (various forms, including machining, stamping, drawing, and casting)
Can Manufacturing (for food and beverage containers)
Mining
General Industrial (including power generation, marine, and heavy equipment manufacturing)

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Joseph A. Berquist, Chief Executive Officer and President

Joseph A. Berquist was appointed Chief Executive Officer and President of Quaker Houghton and to the Board as a director on November 18, 2024. He joined the company in 1997 and has served in various leadership positions, including Executive Vice President and Chief Commercial Officer (January 2023 to November 2024), and Executive Vice President, Chief Strategy Officer, and Managing Director, Global Specialty Businesses (September 2021 through December 2022). Mr. Berquist holds a B.E. in chemical engineering from Youngstown State University and an MBA from Case Western Reserve University.

Tom Coler, Executive Vice President and Chief Financial Officer

Tom Coler was appointed Executive Vice President and Chief Financial Officer, effective June 10, 2024. He brings extensive experience in corporate finance, financial planning and analysis, corporate development, integration, transformation, and implementing information technology solutions. Prior to joining Quaker Houghton, Mr. Coler served as executive vice president and CFO at Savage Companies, and held executive and leadership finance roles at H.B. Fuller Corp., Polaris Industries, Ecolab Corp., and Boston Scientific.

Christine Johnson, Senior Vice President and Chief Transformation Officer

Christine Johnson joined Quaker Houghton as Senior Vice President and Chief Transformation Officer in October 2025. She leads transformation and process optimization efforts across the organization. Previously, Ms. Johnson was a partner at McKinsey & Company, where she advised materials and energy companies, and held digital marketing and communications leadership positions at DuPont.

Dr. André Frodl, Vice President, R&D - Metals and Metalworking

Dr. André Frodl was promoted to Vice President, R&D - Metals and Metalworking in October 2025. A 23-year veteran of Quaker Houghton, Dr. Frodl oversees research and development for the company's metals, metalworking, and operating solutions business globally. His responsibilities include managing lab functions such as product stewardship, fluid analysis, and analytical and raw material chemistry.

Michael F. Barry, Chairman of the Board

Michael F. Barry is the Chairman of the Board of Directors of Quaker Houghton, a position he has held since May 2009. He previously served as Chief Executive Officer and President of the company from October 2008 until his retirement on November 30, 2021. Mr. Barry joined Quaker in 1998 and served as Senior Vice President and Managing Director – North America, and also held the position of Vice President and Chief Financial Officer from 1998 through August 2004. Prior to Quaker, he was Business Director for Lyondell (formerly Arco Chemical)'s Americas urethanes business, where he also held various finance and line management positions. He also serves as a Director of Rogers Corporation and is on the Board of Trustees of The Franklin Institute.

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AI Generated Analysis | Feedback

Quaker Houghton (symbol: KWR) operates within several significant addressable markets for its main products and services, primarily industrial process fluids, industrial lubricants, metalworking fluids, and automotive die casting lubricants. The market sizes for these areas are outlined below:

Industrial Process Fluids: Quaker Houghton estimates that its revenue of $1.6 billion (as of 2019) represents less than 20% of a global addressable market exceeding ten billion dollars.
Industrial Lubricants: The global industrial lubricants market was valued at approximately USD 63.9 billion in 2024 and is projected to reach USD 74.3 billion by 2029. Other estimates place the global market size at USD 57,886.3 million in 2024, projected to reach USD 73,011.3 million by 2033.
Metalworking Fluids: The global metalworking fluids market size was estimated at USD 12.50 billion in 2024 and is expected to reach USD 20.07 billion by 2032. Another report indicates the global market size was estimated at USD 11.7 billion in 2024 and is expected to reach USD 15.8 billion by 2033.
Process Fluids: The global process fluid market was valued at USD 9.2 billion in 2022 and is projected to grow from USD 9.6 billion in 2023 to USD 16.9 billion by 2032.
Automotive Die Casting Lubricants: The global automotive die casting lubricants market size reached USD 1.19 billion in 2024 and is expected to reach USD 1.64 billion by 2033. Other estimations show the global market valued at USD 142.74 million in 2024, expected to increase to USD 189.11 million by 2031.
Metal Treatment Chemicals: The global metal treatment chemical market size is estimated to grow by USD 9.99 billion from 2024-2028.

AI Generated Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Quaker Houghton (KWR) over the next 2-3 years:

New Business Wins and Share Gains: Quaker Houghton has consistently reported strong new business wins, contributing to organic volume growth across its segments. For instance, in Q3 2025, net share gains were approximately 5% globally. In Q2 2025, new business wins contributed approximately 5% to organic sales volumes. This momentum in securing new customers and expanding existing relationships is expected to continue driving revenue.
Organic Volume Growth, Particularly in Asia Pacific: The company has seen consecutive quarters of organic volume growth across all regions, with the Asia Pacific segment being a significant outperformer. Asia Pacific delivered an 8% organic sales volume increase in Q3 2025 and 8% organic volume growth in Q2 2025. This regional strength is anticipated to be a key contributor to overall revenue expansion.
Contributions from Acquisitions: Strategic acquisitions, such as Dipsol, are integrating well and contributing as expected to the company's financial performance. The Dipsol acquisition specifically amplified sales in the Asia/Pacific segment in Q2 2025. Further contributions from current and potential future acquisitions are expected to fuel revenue growth.
Expansion of Advanced Solutions: The Advanced Solutions segment has been highlighted as a growth area, demonstrating sustained double-digit volume increases in EMEA and global expansion through acquisitions like Dipsol. This focus on advanced and specialized industrial process fluids is poised to generate increased revenue.

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Share Repurchases

In February 2024, Quaker Houghton's Board of Directors authorized a new share repurchase program for up to $150 million of its common stock.
For the full year 2024, the company repurchased approximately $49.2 million of shares.
In the second quarter of 2025, Quaker Houghton repurchased shares totaling $32.7 million.

Outbound Investments

In March 2025, Quaker Houghton announced an agreement to acquire Dipsol Chemicals Co., Ltd., a leading supplier of surface treatment and plating solutions, for approximately $153 million (23 billion JPY).
In April 2025, the company acquired U.K. based Natech, Ltd for approximately $6.5 million.
In February 2025, Quaker Houghton acquired Chemical Solutions & Innovations (Pty) Ltd. ("CSI"), a South African supplier of metalworking fluids and lubricants, for approximately $3.9 million.

Capital Expenditures

Capital expenditure peaked in 2022.
The latest value for Capital Expenditure (LTM, as of August 2025) was $6.16 million, representing a 78% decline and the lowest level since 2018.
Management anticipates lower capital expenditure guidance for 2025.

Better Bets than Quaker Houghton (KWR)

	KWR	Better Performance than KWR
Metric	Value	INDUSTRY: Specialty Chemicals
Rev Chg LTM	0.1%	DD (14.0%), PPG (8.5%), RPM (3.1%), SHW (1.0%), ECL (0.6%)
Rev Chg 3Y Avg	-0.7%	ALB (6.2%), ECL (5.2%), RPM (2.5%), SHW (2.4%), DD (1.3%)
Op Mgn LTM	9.3%	ECL (17.3%), DD (15.9%), SHW (15.8%), PPG (13.8%), RPM (12.1%)
CFO/Rev LTM	8.2%	ECL (16.7%), DD (15.3%), SHW (14.2%), PPG (8.9%), IFF (8.3%)
FCF/Rev LTM	5.2%	NEU (19.9%), SHW (10.4%), ECL (10.0%), DD (9.7%), RPM (6.9%)
Total Yield	0.7%	LYB (12.7%), PPG (6.8%), SHW (3.9%), ECL (3.7%), ALB (1.8%)
P/S	1.2	LYB (0.4), CE (0.5), EMN (0.8), WLK (0.9), AXTA (1.2)
P/Op Inc	13.3	CE (5.4), EMN (6.1), AXTA (8.1), LYB (10.4), PPG (10.9)

	KWR	Better Performance than KWR
Metric	Value	SECTOR: Materials
Rev Chg LTM	0.1%	AEM (35.2%), NEM (26.6%), SCCO (12.7%), LIN (1.3%), SHW (1.0%)
Rev Chg 3Y Avg	-0.7%	AEM (26.0%), NEM (23.9%), SCCO (7.1%), SHW (2.4%), LIN (0.6%)
Op Mgn LTM	9.3%	SCCO (50.3%), AEM (49.4%), NEM (43.5%), LIN (26.9%), SHW (15.8%)
CFO/Rev LTM	8.2%	AEM (55.2%), NEM (42.9%), SCCO (37.4%), LIN (29.8%), SHW (14.2%)
FCF/Rev LTM	5.2%	AEM (34.5%), NEM (28.5%), SCCO (28.2%), LIN (15.2%), SHW (10.4%)
Total Yield	0.7%	NEM (9.0%), SCCO (6.1%), AEM (4.9%), LIN (4.2%), SHW (3.9%)
P/S	1.2	IP (1.0), NUE (1.0), NTR (1.1), AMCR (1.1), STLD (1.2)
P/Op Inc	13.3	B (6.7), FCX (8.1), AU (8.3), NEM (9.9), KGC (11.6)

	KWR	Better Performance than KWR
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	0.1%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-0.7%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	9.3%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	8.2%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	5.2%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	0.7%	GOOGL (4.6%), MSFT (3.4%), AMZN (3.0%), AAPL (3.0%), NVDA (2.3%)
P/S	1.2	CVS (0.2), MCK (0.2), UNH (0.7), CMCSA (0.9), WMT (1.1)
P/Op Inc	13.3	VZ (5.9), T (8.3), MRK (9.4), UNH (11.9), XOM (12.4)

		Best Bets In Materials Sector
	KWR
What You Pay
P/E	-254.1
P/EBIT	47.5
What You Get
Rev Chg Q	6.8%
Rev Chg LTM	0.1%
Rev Chg 3Y Avg	-0.7%
FCF/Rev 3Y Avg	9.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	With Quaker Houghton Stock Surging, Have You Considered The Downside?	Return
2	Quaker Houghton vs Merck: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	Quaker Houghton vs Newmont: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Quaker Houghton vs NewMarket: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	How Does Quaker Houghton Stock Stack Up Against Its Peers?	Peer Comparison
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8	Better Bet Than KWR Stock: Pay Less Than Quaker Houghton To Get More From NEU
9	KWR Dip Buy Analysis
10	Quaker Houghton Total Shareholder Return (TSR): -33.4% in 2024 and -14.3% 3-yr compounded annual returns (below peer average)

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0	ARTICLES

Trade Ideas

Select past ideas related to KWR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.1%	3.1%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.5%	0.5%	-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	30.9%	30.9%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.7%	12.7%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	-2.5%
KWR_7312025_Dip_Buyer_FCFYield	07312025	KWR	Quaker Houghton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.3%	18.3%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.1%	3.1%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.5%	0.5%	-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	30.9%	30.9%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.7%	12.7%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	-2.5%
KWR_7312025_Dip_Buyer_FCFYield	07312025	KWR	Quaker Houghton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.3%	18.3%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Quaker Houghton

Peers to compare with:

Financials

	KWR	BCPC	AVNT	VRDE	SHW	ECL	Median
Name	Quaker H.	Balchem	Avient	Verde Bi.	Sherwin-.	Ecolab
Mkt Price	135.98	154.05	31.31	-	339.24	264.33	154.05
Mkt Cap	2.4	5.0	2.9	-	83.5	74.9	5.0
Rev LTM	1,864	1,014	3,246	-	23,276	15,724	3,246
Op Inc LTM	172	204	250	-	3,680	2,718	250
FCF LTM	97	162	151	-	2,426	1,574	162
FCF 3Y Avg	173	147	137	-	2,305	1,658	173
CFO LTM	153	202	256	-	3,294	2,625	256
CFO 3Y Avg	214	186	256	-	3,225	2,531	256

Growth & Margins

	KWR	BCPC	AVNT	VRDE	SHW	ECL	Median
Name	Quaker H.	Balchem	Avient	Verde Bi.	Sherwin-.	Ecolab
Rev Chg LTM	0.1%	7.6%	1.0%	-	1.0%	0.6%	1.0%
Rev Chg 3Y Avg	-0.7%	3.2%	-1.6%	-	2.4%	5.2%	2.4%
Rev Chg Q	6.8%	11.5%	-1.1%	-	3.2%	1.0%	3.2%
QoQ Delta Rev Chg LTM	1.7%	2.8%	-0.3%	-	0.8%	0.3%	0.8%
Op Mgn LTM	9.3%	20.2%	7.7%	-	15.8%	17.3%	15.8%
Op Mgn 3Y Avg	10.5%	18.4%	7.1%	-	15.8%	15.2%	15.2%
QoQ Delta Op Mgn LTM	-0.2%	0.1%	-0.3%	-	-0.0%	0.4%	-0.0%
CFO/Rev LTM	8.2%	19.9%	7.9%	-	14.2%	16.7%	14.2%
CFO/Rev 3Y Avg	11.2%	19.3%	7.9%	-	13.9%	16.4%	13.9%
FCF/Rev LTM	5.2%	15.9%	4.7%	-	10.4%	10.0%	10.0%
FCF/Rev 3Y Avg	9.1%	15.3%	4.2%	-	10.0%	10.8%	10.0%

Valuation

	KWR	BCPC	AVNT	VRDE	SHW	ECL	Median
Name	Quaker H.	Balchem	Avient	Verde Bi.	Sherwin-.	Ecolab
Mkt Cap	2.4	5.0	2.9	-	83.5	74.9	5.0
P/S	1.2	4.8	0.9	-	3.7	4.9	3.7
P/EBIT	47.5	23.7	12.0	-	22.8	25.8	23.7
P/E	-254.1	32.5	26.6	-	33.1	36.3	32.5
P/CFO	15.0	24.0	11.8	-	25.9	29.6	24.0
Total Yield	0.7%	3.7%	7.0%	-	3.9%	3.7%	3.7%
Dividend Yield	1.1%	0.6%	3.2%	-	0.9%	0.9%	0.9%
FCF Yield 3Y Avg	6.2%	3.0%	3.9%	-	2.9%	2.5%	3.0%
D/E	0.4	0.0	0.7	-	0.2	0.1	0.2
Net D/E	0.3	0.0	0.5	-	0.2	0.1	0.2

Returns

	KWR	BCPC	AVNT	VRDE	SHW	ECL	Median
Name	Quaker H.	Balchem	Avient	Verde Bi.	Sherwin-.	Ecolab
1M Rtn	2.2%	1.0%	-2.4%	-	-1.6%	2.7%	1.0%
3M Rtn	1.4%	-4.0%	-13.8%	-	-6.3%	-3.0%	-4.0%
6M Rtn	27.2%	-7.4%	-12.8%	-	-5.9%	-0.5%	-5.9%
12M Rtn	-11.7%	-13.0%	-37.3%	-	-13.4%	7.6%	-13.0%
3Y Rtn	-27.1%	11.0%	-5.0%	-	35.2%	80.5%	11.0%
1M Excs Rtn	2.2%	1.0%	-2.4%	-	-1.6%	2.7%	1.0%
3M Excs Rtn	-8.6%	-9.9%	-20.8%	-	-12.4%	-9.0%	-9.9%
6M Excs Rtn	12.5%	-22.1%	-27.6%	-	-20.6%	-15.3%	-20.6%
12M Excs Rtn	-25.9%	-27.8%	-50.8%	-	-27.4%	-6.2%	-27.4%
3Y Excs Rtn	-97.2%	-60.0%	-69.3%	-	-30.9%	15.0%	-60.0%

Comparison Analyses

	Title
0	How Does Quaker Houghton Stock Stack Up Against Its Peers?
1	Why BCPC With 15% Upside May Beat KWR?
2	Quaker Chemical vs. Ansys: With Return Forecast Of 40%, Ansys Is A Better Bet
3	Quaker Chemical vs. HubSpot: With Return Forecast Of 76%, HubSpot Is A Better Bet
4	Quaker Chemical vs. CoStar Group: With Return Forecast Of 73%, CoStar Group Is A Better Bet
5	Quaker Chemical vs. Hexcel: Similar Market Cap, But Hexcel Is A Better Bet
6	Quaker Chemical vs. HealthEquity: Similar Market Cap, But HealthEquity Is A Better Bet
7	Quaker Chemical vs. Allison Transmission: Similar Market Cap, But Quaker Chemical Is A Better Bet
8	Quaker Chemical vs Veeva Systems: Similar Revenue; Which Stock Is A Better Bet?
9	Quaker Chemical vs Maximus: Similar Market Cap; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/24/2025	2/29/2024	2/23/2023	3/1/2022	3/1/2021	3/20/2020
Key Financials
Total Revenue	1,864	1,840	1,953	1,944	1,761	1,418	1,134
EBITDA	138	280	286	120	256	137	91
Operating Income	172	201	222	148	176	133	108
Net Income	-9	117	113	-16	121	40	32
EPS	-0.50	6.51	6.27	-0.89	6.79	2.23	2.08
Growth Rates
Total Revenue Growth	0.1%	-5.8%	0.5%	10.4%	24.2%	25.1%	30.7%
EBITDA Growth	-53.8%	-2.0%	137.8%	-53.0%	86.8%	50.9%	-15.0%
Operating Income Growth	-21.7%	-9.4%	49.6%	-15.5%	32.5%	22.5%	3.7%
Net Income Growth	-107.3%	3.5%	807.7%	-113.1%	206.0%	25.4%	-46.8%
Margins
EBITDA Margin	7.4%	15.2%	14.6%	6.2%	14.5%	9.7%	8.0%
Operating Income Margin	9.3%	10.9%	11.4%	7.6%	10.0%	9.4%	9.6%
Net Income Margin	-0.5%	6.3%	5.8%	-0.8%	6.9%	2.8%	2.8%
Cash & Debt
Total Cash	172	189	195	181	165	182	124
Total Debt	897	738	789	992	930	926	963
Net Debt / (Cash)	725	549	594	811	764	744	840
Cash Flows
Net Cash from Operations	153	205	279	42	49	178	82
Free Cash from Operations	97	163	240	13	27	160	67
Returns to Shareholders
Dividends	34	33	32	30	29	28	22
Share Repurchases	30	49	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	7/31/2025	5/1/2025	2/24/2025	10/31/2024	8/5/2024	5/2/2024	2/29/2024	11/2/2023	8/1/2023	5/4/2023	2/23/2023
Key Financials Quarterly
Total Revenue	494	483	443	444	462	464	470	467	491	495	500	485
Ebitda	71	-29	48	49	74	80	77	67	77	74	68	-36
Operating Income	54	45	42	31	54	59	57	50	61	58	54	35
Net Income	30	-67	13	14	32	35	35	20	34	29	30	-76
EPS	1.75	-3.78	0.73	0.80	1.81	1.94	1.96	1.12	1.87	1.63	1.64	-4.24
Key Financials TTM
Total Revenue TTM	1,864	1,833	1,813	1,840	1,863	1,891	1,923	1,953	1,971	1,973	1,970	1,944
Ebitda TTM	138	141	250	280	298	302	295	286	183	170	140	120
Operating Income TTM	172	172	186	201	220	226	226	222	207	192	168	148
Net Income TTM	-9	-7	94	117	123	124	118	113	17	9	-6	-16
Growth Rates Quarterly
Total Revenue Growth	6.8%	4.3%	-5.7%	-4.9%	-5.8%	-6.4%	-6.1%	-3.7%	-0.3%	0.6%	5.5%	8.4%
EBITDA Growth	-4.2%	-136.8%	-38.6%	-26.5%	-4.8%	8.5%	13.9%	285.7%	20.3%	67.3%	42.6%	-169.9%
Operating Income Growth	0.1%	-23.2%	-26.4%	-38.2%	-10.3%	1.6%	6.5%	41.6%	33.7%	71.5%	57.3%	-5.5%
Net Income Growth	-5.8%	-290.9%	-63.3%	-29.8%	-3.9%	18.9%	19.3%	126.6%	30.2%	104.6%	49.0%	-519.0%
Margins Quarterly
EBITDA Margin	14.3%	-6.1%	10.7%	11.0%	15.9%	17.3%	16.5%	14.3%	15.8%	14.9%	13.6%	-7.4%
Operating Income Margin	11.0%	9.3%	9.5%	6.9%	11.8%	12.7%	12.2%	10.7%	12.3%	11.7%	10.8%	7.3%
Net Income Margin	6.2%	-13.8%	2.9%	3.2%	7.0%	7.5%	7.5%	4.3%	6.9%	5.9%	5.9%	-15.7%
Cash & Debt
Total Cash	172	202	186	189	212	189	196	195	198	189	190	181
Total Debt	897	960	757	738	760	758	791	789	846	908	967	992
Net Debt / (Cash)	725	758	571	549	548	569	595	594	648	718	777	811
Cash Flows Quarterly
FCF from Operations	51	42	-3	63	68	46	27	80	83	78	38	68
Cash Flows TTM
FCF from Operations TTM	153	170	174	205	221	237	268	279	268	166	86	42
Returns to Shareholders Quarterly
Dividends	8	9	9	9	8	8	8	8	8	8	8	8
Share Repurchases	4	-0	-0	26	15	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	10.7%	11.7%	7.2%	5.2%	11.3%	11.6%	11.8%	6.3%	11.5%	9.9%	9.7%	8.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	11.5%	11.2%	9.2%	10.8%	10.5%	10.8%	10.3%	9.9%	1.0%	12.5%	10.5%	9.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	1,953	1,944	1,761	1,418	1,134
Total	1,953	1,944	1,761	1,418	1,134

Price Behavior

Price Behavior

Market Price	$135.98
Market Cap ($ Bil)	2.4
First Trading Date	03/26/1990
Distance from 52W High	-12.3%
	50 Days	200 Days
DMA Price	$132.69	$124.36
DMA Trend	indeterminate	down
Distance from DMA	2.5%	9.3%
	3M	1YR
Volatility	40.9%	42.3%
Downside Capture	195.04	137.85
Upside Capture	147.16	107.69
Correlation (SPY)	46.5%	57.6%

KWR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.01	1.58	1.63	1.59	1.23	1.29
Up Beta	1.24	1.47	2.28	2.32	1.35	1.43
Down Beta	0.05	0.94	1.12	1.09	1.07	1.15
Up Capture	336%	198%	129%	177%	112%	121%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	9	20	26	59	110	363
Down Capture	198%	174%	186%	142%	120%	108%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	22	37	67	138	386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of KWR With Other Asset Classes (Last 1Y)
	KWR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-11.3%	-4.2%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	42.2%	20.1%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.18	-0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		70.4%	57.6%	-0.6%	17.0%	53.1%	34.6%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of KWR With Other Asset Classes (Last 5Y)
	KWR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-10.9%	6.3%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	38.6%	18.9%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.20	0.24	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		62.3%	56.8%	6.4%	17.3%	48.9%	26.6%

Based On 10-Year Data

		Comparison of KWR With Other Asset Classes (Last 10Y)
	KWR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	6.0%	9.0%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	36.8%	20.8%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.27	0.39	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		64.1%	60.0%	3.5%	24.0%	49.6%	16.5%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	2,014,815
Short Interest: % Change Since 10312025	3.7%
Average Daily Volume	154,368
Days-to-Cover Short Interest	13.05
Basic Shares Quantity	17,363,947
Short % of Basic Shares	11.6%

Returns Analyses

	Title
0	With Quaker Houghton Stock Surging, Have You Considered The Downside?
1	Quaker Houghton Stock Return Comparison
2	Quaker Chemical (KWR) Stock Return: AI Predicts KWR Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	7312025	10-Q 6/30/2025
3312025	5012025	10-Q 3/31/2025
12312024	2242025	10-K 12/31/2024
9302024	10312024	10-Q 9/30/2024
6302024	8052024	10-Q 6/30/2024
3312024	5022024	10-Q 3/31/2024
12312023	2292024	10-K 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8012023	10-Q 6/30/2023
3312023	5042023	10-Q 3/31/2023
12312022	2232023	10-K 12/31/2022
9302022	11032022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	5052022	10-Q 3/31/2022
12312021	3012022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Quaker Houghton (KWR)

Market Price (12/4/2025): $136.04 | Market Cap: $2.4 BilSector: Materials | Industry: Specialty Chemicals

Quaker Houghton (KWR)

Market Price (12/4/2025): $136.04Market Cap: $2.4 BilSector: MaterialsIndustry: Specialty Chemicals

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Market Price (12/4/2025): $136.04 | Market Cap: $2.4 Bil
Sector: Materials | Industry: Specialty Chemicals

Market Price (12/4/2025): $136.04
Market Cap: $2.4 Bil
Sector: Materials
Industry: Specialty Chemicals