Quaker Houghton (KWR) financial statements: income statement, balance sheet and cash flow
Quaker Houghton's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Quaker Houghton reported revenue of $1.9B (+2.7% year on year).
Income statement
Quaker Houghton income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$1.9B
$1.8B
$2.0B
$1.9B
Cost of goods sold (excluding amortization expense - See Note 15)
$1.2B
$1.2B
$1.2B
$1.3B
Gross profit
$679.4M
$686.0M
$705.6M
$612.7M
Selling, general and administrative expenses
$502.4M
$484.8M
$483.6M
$455.4M
Impairment charges
$88.8M
$0
$0
$93.0M
Restructuring and related charges, net
$35.1M
$6.5M
$7.6M
$3.2M
Operating income
$53.0M
$194.7M
$214.5M
$52.3M
Other (expense) income, net
($1.9M)
$1.4M
($10.7M)
($12.6M)
Interest expense
($44.0M)
($41.0M)
—
—
Income before taxes and equity in net income of associated companies
$7.0M
$155.1M
$153.1M
$7.1M
Taxes on income before equity in net income of associated companies
$24.6M
$49.3M
$55.6M
$24.9M
(Loss) income before equity in net income of associated companies
($17.6M)
$105.8M
$97.5M
($17.8M)
Equity in net income of associated companies
$15.2M
$11.0M
$15.3M
$2.0M
Net (loss) income
($2.4M)
$116.7M
$112.9M
($15.8M)
Less: Net income attributable to noncontrolling interest
$87.0K
$85.0K
$124.0K
$89.0K
Net (loss) income attributable to Quaker Chemical Corporation
($2.5M)
$116.6M
$112.7M
($15.9M)
Net (loss) income attributable to Quaker Chemical Corporation common shareholders– basic (in dollars per share)
-$0.14
$6.51
$6.27
-$0.89
Net (loss) income attributable to Quaker Chemical Corporation common shareholders – diluted (in dollars per share)
-$0.14
$6.51
$6.26
-$0.89
Quaker Houghton income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$532.5M
$480.5M
$493.8M
$483.4M
Cost of goods sold (excluding amortization expense - See Note 13)
$343.3M
$303.7M
$313.0M
$311.7M
Gross profit
$189.2M
$176.7M
$180.9M
$171.7M
Selling, general and administrative expenses
$140.5M
$135.8M
$126.5M
$126.6M
Impairment charges
$0
—
$0
$88.8M
Restructuring and related charges, net
$8.1M
$7.4M
$7.7M
$8.8M
Operating income (loss)
$40.6M
$33.6M
$46.6M
($52.5M)
Other income (expense), net
$406.0K
($23.0K)
($270.0K)
($653.0K)
Interest expense
($9.9M)
($9.9M)
($10.9M)
($12.8M)
Income (loss) before taxes and equity in net income of associated companies
$31.1M
$23.7M
$35.4M
($65.9M)
Taxes on income before equity in net income of associated companies
$11.2M
$7.1M
$9.3M
$5.5M
Income (loss) before equity in net income of associated companies
$20.0M
$16.5M
$26.2M
($71.4M)
Equity in net income of associated companies
$6.8M
$3.2M
$4.3M
$4.9M
Net income (loss)
$26.8M
$19.7M
$30.5M
($66.6M)
Less: Net (loss) income attributable to noncontrolling interest
($22.0K)
$73.0K
$17.0K
$17.0K
Net income (loss) attributable to Quaker Chemical Corporation
$26.8M
$19.7M
$30.5M
($66.6M)
Net income attributable to Quaker Chemical Corporation common shareholders – basic (in dollars per share)
$1.56
$1.13
$1.75
-$3.78
Net income attributable to Quaker Chemical Corporation common shareholders – diluted (in dollars per share)
$1.55
$1.13
$1.75
-$3.78
Dividends declared (in dollars per share)
$0.51
$0.51
$0.51
$0.48
Balance sheet
Quaker Houghton balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$179.8M
$188.9M
$194.5M
$181.0M
Accounts receivable, net
$417.2M
$400.1M
$444.9M
$472.9M
Inventories
$265.8M
$227.5M
$233.9M
$284.8M
Prepaid expenses and other current assets
$58.4M
$59.9M
$54.6M
$55.4M
Total current assets
$921.2M
$876.4M
$927.9M
$994.1M
Property, plant and equipment, net
$313.4M
$229.5M
$207.8M
$198.6M
Right-of-use lease assets
$38.7M
$34.1M
$38.6M
$43.8M
Goodwill
$501.7M
$518.9M
$512.5M
$515.0M
Other intangible assets, net
$873.5M
$827.1M
$896.7M
$942.9M
Investments in associated companies
$106.9M
$98.0M
$101.2M
$88.2M
Deferred tax assets
$12.1M
$9.2M
$10.7M
$11.2M
Other non-current assets
$30.3M
$17.4M
$18.8M
$27.7M
Total assets
$2.8B
$2.6B
$2.7B
$2.8B
Short-term borrowings and current portion of long-term debt
$35.7M
$37.6M
$23.4M
$19.2M
Accounts payable
$198.9M
$198.1M
$184.8M
$194.0M
Dividends payable
$8.8M
$8.6M
$8.2M
$7.8M
Accrued compensation
$41.2M
$50.2M
$55.2M
$39.8M
Accrued restructuring
$8.4M
$2.3M
$3.4M
$5.5M
Accrued pension and postretirement benefits
$2.1M
$2.3M
$2.2M
$1.6M
Other accrued liabilities
$85.1M
$80.7M
$90.3M
$86.9M
Total current liabilities
$380.2M
$379.8M
$367.5M
$354.8M
Long-term debt
$834.9M
$669.6M
$730.6M
$933.6M
Long-term lease liabilities
$22.8M
$20.0M
$22.9M
$27.0M
Deferred tax liabilities
$140.8M
$138.8M
$147.0M
$160.3M
Non-current accrued pension and postretirement benefits
$20.6M
$23.8M
$29.5M
$28.8M
Other non-current liabilities
$22.2M
$24.4M
$31.8M
$38.7M
Total liabilities
$1.4B
$1.3B
$1.3B
$1.5B
Common stock, $1 par value; authorized 30,000,000 shares; issued and outstanding 2025 – 17,331,779 shares; 2024 – 17,673,607 shares
17.3M
17.7M
18.0M
17.9M
Capital in excess of par value
$874.8M
$903.8M
$940.1M
$928.3M
Retained earnings
$596.6M
$633.7M
$550.6M
$469.9M
Accumulated other comprehensive loss
($115.7M)
($201.6M)
($124.4M)
($138.2M)
Total Quaker shareholders’ equity
$1.4B
$1.4B
$1.4B
$1.3B
Noncontrolling interest
$3.4M
$616.0K
$603.0K
$667.0K
Total equity
$1.4B
$1.4B
$1.4B
$1.3B
Total liabilities and equity
$2.8B
$2.6B
$2.7B
$2.8B
Quaker Houghton balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$155.1M
$169.7M
$172.0M
$201.9M
Accounts receivable, net
$463.6M
$441.2M
$436.2M
$437.4M
Raw materials and supplies
$142.1M
$128.7M
$124.2M
$123.9M
Work-in-process and finished goods
$162.0M
$153.8M
$144.4M
$140.5M
Prepaid expenses and other current assets
$68.2M
$59.2M
$69.1M
$70.4M
Total current assets
$991.0M
$952.6M
$946.0M
$974.1M
Property, plant and equipment, at cost
$624.2M
$611.1M
$579.4M
$564.5M
Less: Accumulated depreciation
($309.6M)
($299.7M)
($283.6M)
($278.0M)
Property, plant and equipment, net
$314.6M
$311.4M
$295.8M
$286.5M
Right-of-use lease assets
$53.6M
$38.5M
$38.5M
$40.6M
Goodwill
$503.7M
$502.0M
$501.8M
$502.4M
Other intangible assets, net
$829.5M
$848.0M
$890.6M
$908.3M
Investments in associated companies
$105.9M
$106.2M
$106.8M
$104.5M
Deferred tax assets
$12.7M
$12.2M
$10.1M
$9.3M
Other non-current assets
$40.0M
$31.0M
$27.3M
$23.1M
Total assets
$2.9B
$2.8B
$2.8B
$2.8B
Short-term borrowings and current portion of long-term debt
$15.7M
$37.3M
$35.9M
$37.9M
Accounts payable
$234.3M
$205.4M
$205.5M
$203.6M
Dividends payable
$8.7M
$8.8M
$8.8M
$8.4M
Accrued compensation
$41.3M
$30.3M
$42.1M
$36.4M
Accrued restructuring
$8.8M
$9.5M
$4.8M
$7.6M
Accrued pension and postretirement benefits
$2.1M
$2.1M
$2.3M
$2.3M
Other accrued liabilities
$92.5M
$95.1M
$83.9M
$83.9M
Total current liabilities
$403.4M
$388.5M
$383.4M
$380.1M
Long-term debt
$857.8M
$837.1M
$838.5M
$898.0M
Long-term lease liabilities
$37.6M
$22.1M
$22.6M
$24.3M
Deferred tax liabilities
$131.3M
$131.9M
$150.7M
$151.0M
Non-current accrued pension and postretirement benefits
$20.2M
$20.2M
$23.8M
$24.5M
Other non-current liabilities
$20.2M
$22.9M
$30.9M
$25.5M
Total liabilities
$1.5B
$1.4B
$1.4B
$1.5B
Common stock $1 par value; authorized 30,000,000 shares; issued and outstanding June 30, 2026 – 17,212,963 shares; December 31, 2025 – 17,331,779 shares
17.2M
17.4M
17.4M
17.4M
Capital in excess of par value
$855.9M
$876.2M
$876.9M
$877.0M
Retained earnings
$625.6M
$607.5M
$584.7M
$563.1M
Accumulated other comprehensive loss
($121.5M)
($125.4M)
($115.3M)
($115.2M)
Total Quaker shareholders’ equity
$1.4B
$1.4B
$1.4B
$1.3B
Noncontrolling interest
$3.4M
$3.5M
$3.2M
$3.2M
Total equity
$1.4B
$1.4B
$1.4B
$1.3B
Total liabilities and equity
$2.9B
$2.8B
$2.8B
$2.8B
Cash flow statement
Quaker Houghton cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net (loss) income
($2.4M)
$116.7M
$112.9M
($15.8M)
Depreciation and amortization
$93.5M
$84.1M
$82.0M
$80.5M
Equity in undistributed earnings of associated companies, net of dividends
($6.6M)
($2.7M)
($11.1M)
$1.0M
Deferred income taxes
($30.4M)
($10.0M)
($11.4M)
($10.6M)
Restructuring and related charges
$35.1M
$6.5M
$7.6M
$3.2M
Share-based compensation
$13.6M
$15.0M
$14.6M
$11.7M
Gain on disposal of property, plant, equipment and other assets
($2.2M)
($810.0K)
($1.3M)
($168.0K)
Inventory step-up amortization
$6.0M
—
—
—
Impairment charges
$88.8M
$0
$0
$93.0M
Uncertain tax positions (non-deferred portion)
($5.7M)
($2.4M)
($644.0K)
($6.4M)
Pension and other postretirement benefits
($4.1M)
($4.5M)
($2.1M)
($8.0M)
Other adjustments
($5.6M)
—
—
—
Accounts receivable
$24.2M
$25.0M
$32.2M
($59.1M)
Inventories
($12.2M)
($3.2M)
$49.8M
($29.9M)
Prepaid expenses and other assets
$3.1M
($6.2M)
($21.0K)
$3.7M
Accrued restructuring
($26.6M)
($7.6M)
($9.8M)
($1.5M)
Accounts payable and accrued liabilities
($30.3M)
($8.6M)
$5.9M
($23.4M)
Estimated taxes on (loss) income
($1.7M)
($2.9M)
$3.4M
($2.7M)
Net cash provided by operating activities
$136.5M
$204.6M
$279.0M
$41.8M
Investments in property, plant and equipment
($55.9M)
($41.8M)
($38.8M)
($28.5M)
Payments related to acquisitions, net of cash acquired
($164.2M)
($39.3M)
$0
($13.1M)
Proceeds from disposition of assets
$3.0M
$4.7M
$11.2M
$1.5M
Other investing activities
$3.0M
—
—
—
Net cash used in investing activities
($214.1M)
($76.4M)
($27.6M)
($40.2M)
Payments of long-term debt
($34.7M)
($57.2M)
($38.9M)
($673.2M)
Borrowings (payments) on revolving credit facilities, net
$174.2M
$17.9M
—
—
(Payments) borrowings on other debt, net
($386.0K)
$1.4M
($506.0K)
($1.6M)
Dividends paid
($34.4M)
($33.2M)
($31.6M)
($30.1M)
Shares purchased under share repurchase program
-41.5M
-49.2M
—
—
Other stock related activity
($1.4M)
($2.4M)
($2.7M)
($378.0K)
Net cash provided by (used in) financing activities
$61.8M
($122.7M)
($238.6M)
$24.7M
Effect of foreign exchange rate changes on cash
$6.8M
($11.1M)
$771.0K
($10.5M)
Net (decrease) increase in cash and cash equivalents
($9.1M)
($5.6M)
$13.6M
$15.8M
Cash and cash equivalents at the beginning of the period
$188.9M
$194.5M
$181.0M
$165.2M
Cash and cash equivalents at the end of the period
$179.8M
$188.9M
$194.5M
—
Interest
$42.8M
$44.5M
$54.9M
$29.1M
Accrued purchases of property, plant and equipment, net
$9.0M
$11.3M
($746.0K)
$278.0K
Quaker Houghton cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$46.6M
$19.7M
($23.2M)
($53.6M)
Depreciation and amortization
$51.0M
$25.6M
$68.5M
$44.3M
Equity in undistributed earnings of associated companies, net of dividends
($3.6M)
($2.8M)
($4.4M)
($44.0K)
Deferred income taxes
($11.7M)
($7.5M)
($16.5M)
($15.6M)
Share-based compensation
$6.9M
$3.2M
$10.4M
$6.9M
Impairment charges
$0
—
$88.8M
$88.8M
Restructuring and related charges, net
$15.5M
$7.4M
$31.1M
$23.4M
Inventory step-up amortization
$0
—
$6.0M
$6.0M
Loss (gain) on disposal of property, plant and equipment and other assets
$121.0K
$0
($2.1M)
($2.1M)
Other adjustments
($1.9M)
$492.0K
($5.1M)
($5.2M)
Accounts receivable
($47.6M)
($25.5M)
$4.6M
$3.0M
Inventories
($40.7M)
($18.4M)
($16.5M)
($11.8M)
Prepaid expenses and other current assets
($10.4M)
($1.3M)
($4.3M)
($3.9M)
Accrued restructuring
($11.3M)
($3.9M)
($21.7M)
($15.9M)
Accounts payable and accrued liabilities
$40.5M
$6.8M
($26.0M)
($25.6M)
Net cash provided by operating activities
$33.2M
$3.8M
$89.9M
$38.5M
Investments in property, plant and equipment
($21.0M)
($10.7M)
($33.6M)
($20.3M)
Payments related to acquisitions, net of cash acquired
$0
$0
($164.2M)
($164.1M)
Proceeds from disposition of assets
$0
$0
$3.0M
$3.0M
Other investing activities
$2.2M
$1.1M
$1.8M
$697.0K
Net cash used in investing activities
($18.8M)
($9.5M)
($193.0M)
($180.7M)
Payments of long-term debt
($629.7M)
($8.8M)
($26.0M)
($17.2M)
Proceeds from long-term debt
$800.0M
—
—
—
Borrowings on revolving credit facilities
$197.3M
—
—
—
Payments on revolving credit facilities
($356.3M)
—
—
—
Payments on other debt
$0
$1.9M
($525.0K)
($101.0K)
Financing-related debt issuance costs
($6.2M)
—
—
—
Dividends paid
($17.6M)
($8.8M)
($25.6M)
($17.1M)
Shares purchased under share repurchase programs
-24.2M
—
-36.5M
-32.7M
Other stock related activity
($1.8M)
($1.7M)
($1.1M)
($1.3M)
Net cash (used in) provided by financing activities
($38.5M)
($3.4M)
$79.3M
$147.6M
Effect of foreign exchange rate changes on cash
($731.0K)
($943.0K)
$7.0M
$7.7M
Net (decrease) increase in cash and cash equivalents
($24.7M)
($10.1M)
($16.8M)
$13.0M
Cash and cash equivalents at the beginning of the period
$179.8M
$179.8M
$188.9M
$188.9M
Cash and cash equivalents at the end of the period
$155.1M
$169.7M
$172.0M
$201.9M
Accrued purchases of property, plant and equipment, net