Latest Ratios: P/E Ratio -1095.8x · EV/EBITDA 12.6x · ROE -0.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $2.4B | $2.5B | $3.8B | $3.0B | $4.1B | $4.5B | $2.5B | $2.4B | $2.0B | $1.7B |
| Enterprise Value | $3.4B | $3.1B | $3.1B | $4.4B | $3.8B | $4.9B | $5.2B | $3.3B | $2.3B | $2.0B | $1.7B |
| P/E Ratio → | -1095.79 | — | 21.62 | 34.09 | — | 34.09 | 114.14 | 78.72 | 39.76 | 99.20 | 27.63 |
| P/S Ratio | 1.41 | 1.27 | 1.36 | 1.96 | 1.53 | 2.34 | 3.17 | 2.20 | 2.73 | 2.44 | 2.26 |
| P/B Ratio | 1.95 | 1.74 | 1.85 | 2.76 | 2.33 | 2.97 | 3.41 | 2.01 | 5.42 | 4.88 | 4.08 |
| P/FCF | 33.00 | 29.77 | 11.62 | 15.92 | 224.84 | 149.97 | 28.03 | 37.33 | 35.88 | 37.06 | 26.39 |
| P/OCF | 19.49 | 17.58 | 12.26 | 13.70 | 71.31 | 84.21 | 25.21 | 30.28 | 30.01 | 30.84 | 22.83 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.67 | 1.66 | 2.26 | 1.95 | 2.77 | 3.70 | 2.94 | 2.65 | 2.41 | 2.23 |
| EV / EBITDA | 12.60 | 11.64 | 10.96 | 14.90 | 28.55 | 20.61 | 36.76 | 36.63 | 21.37 | 23.87 | 16.19 |
| EV / EBIT | 19.26 | 61.63 | 15.59 | 21.67 | 95.50 | 28.85 | 97.54 | 72.68 | 26.36 | 31.83 | 19.75 |
| EV / FCF | — | 39.06 | 14.16 | 18.39 | 286.01 | 177.79 | 32.66 | 49.89 | 34.86 | 36.64 | 26.04 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.0% | 36.0% | 37.3% | 36.1% | 31.5% | 33.8% | 36.2% | 34.6% | 36.0% | 35.5% | 37.4% |
| Operating Margin | 9.4% | 9.4% | 10.6% | 11.0% | 2.7% | 8.5% | 4.2% | 4.1% | 10.1% | 7.7% | 11.1% |
| Net Profit Margin | -0.1% | -0.1% | 6.3% | 5.8% | -0.8% | 6.9% | 2.8% | 2.8% | 6.9% | 2.5% | 8.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.2% | 8.5% | 8.5% | -1.2% | 9.0% | 3.1% | 3.8% | 14.1% | 4.9% | 15.5% |
| ROA | -0.1% | -0.1% | 4.4% | 4.1% | -0.6% | 4.2% | 1.4% | 1.8% | 8.3% | 2.9% | 8.9% |
| ROIC | 6.6% | 6.6% | 7.5% | 7.9% | 1.8% | 5.4% | 2.1% | 2.8% | 17.4% | 12.1% | 16.1% |
| ROCE | 7.6% | 7.6% | 8.5% | 8.9% | 2.1% | 6.0% | 2.4% | 3.0% | 15.6% | 11.1% | 14.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 0.54 | 0.57 | 0.78 | 0.67 | 0.70 | 0.78 | 0.08 | 0.16 | 0.16 |
| Debt / EBITDA | 3.43 | 3.43 | 2.65 | 2.66 | 7.47 | 3.92 | 6.49 | 10.58 | 0.34 | 0.81 | 0.65 |
| Net Debt / Equity | — | 0.54 | 0.41 | 0.43 | 0.63 | 0.55 | 0.56 | 0.68 | -0.15 | -0.06 | -0.05 |
| Net Debt / EBITDA | 2.77 | 2.77 | 1.97 | 2.00 | 6.11 | 3.23 | 5.22 | 9.22 | -0.63 | -0.28 | -0.22 |
| Debt / FCF | — | 9.29 | 2.54 | 2.47 | 61.17 | 27.82 | 4.64 | 12.56 | -1.03 | -0.43 | -0.35 |
| Interest Coverage | 1.16 | 1.16 | 4.28 | 4.02 | 1.22 | 7.58 | 2.02 | 2.70 | 14.15 | 15.94 | 29.13 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.42 | 2.42 | 2.31 | 2.52 | 2.80 | 2.14 | 2.07 | 1.99 | 2.76 | 2.63 | 2.95 |
| Quick Ratio | 1.72 | 1.72 | 1.71 | 1.89 | 2.00 | 1.52 | 1.58 | 1.50 | 2.14 | 2.06 | 2.35 |
| Cash Ratio | 0.47 | 0.47 | 0.50 | 0.53 | 0.51 | 0.38 | 0.47 | 0.34 | 0.69 | 0.58 | 0.70 |
| Asset Turnover | — | 0.68 | 0.70 | 0.72 | 0.69 | 0.60 | 0.49 | 0.40 | 1.22 | 1.14 | 1.08 |
| Inventory Turnover | 4.55 | 4.55 | 5.07 | 5.34 | 4.67 | 4.41 | 4.82 | 4.24 | 5.90 | 6.06 | 6.06 |
| Days Sales Outstanding | — | 80.62 | 79.39 | 83.14 | 88.81 | 89.26 | 96.03 | 121.07 | 85.05 | 92.74 | 95.43 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.4% | 1.3% | 0.8% | 1.0% | 0.7% | 0.6% | 0.9% | 0.8% | 0.9% | 1.0% |
| Payout Ratio | — | — | 28.4% | 28.1% | — | 23.6% | 69.5% | 69.0% | 32.5% | 91.8% | 28.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.6% | 2.9% | — | 2.9% | 0.9% | 1.3% | 2.5% | 1.0% | 3.6% |
| FCF Yield | 3.0% | 3.4% | 8.6% | 6.3% | 0.4% | 0.7% | 3.6% | 2.7% | 2.8% | 2.7% | 3.8% |
| Buyback Yield | 1.6% | 1.7% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.3% | 0.3% |
| Total Shareholder Yield | 2.8% | 3.2% | 3.3% | 0.8% | 1.0% | 0.7% | 0.6% | 0.9% | 0.8% | 1.2% | 1.4% |
| Shares Outstanding | — | $17M | $18M | $18M | $18M | $18M | $18M | $15M | $13M | $13M | $13M |
Cyclical Industrial Demand Exposure
According to recent financial statements, KWR's gross margin has compressed from 38.7% in 2024Q1 to 36.8% in 2026Q1, suggesting that the company is struggling to maintain pricing power against volatile raw material inputs and the high fixed-cost burden inherent in its service-heavy business model.
The decline in operating margins, which dipped as low as -10.9% during 2025Q2, indicates that the company's profitability is highly sensitive to volume fluctuations and integration-related expenses. Investors should monitor whether the current margin recovery trend is sustainable or merely a temporary reprieve from the prior period's operational inefficiencies.
Based on reported figures, KWR's ROIC has remained suppressed, hovering near 1.2% as of 2026Q1, which reflects the significant drag from intangible assets and goodwill accumulated during the Houghton merger rather than a failure of the underlying chemical management services model to generate returns.
The low return on invested capital suggests that the company is currently failing to generate economic value above its cost of capital. This trend warrants further investigation into whether management can improve asset utilization or if the current capital structure is structurally impaired by the acquisition premium.
As reported in quarterly filings, the cash conversion cycle has remained elevated, reaching 103 days in 2025Q4, which indicates that KWR's reliance on complex service-level agreements and inventory management is creating persistent friction in converting operational activity into free cash flow for the business.
The stability of the current ratio above 2.40 suggests that liquidity is not an immediate concern, yet the inefficiency in working capital management limits the company's ability to self-fund growth. This suggests that the firm remains overly dependent on external financing to navigate cyclical downturns in industrial production.
Based on the provided data, KWR's debt-to-EBITDA ratio has fluctuated significantly, peaking at 26.69 in 2026Q1, which suggests that the company's ability to service its debt is currently under pressure from inconsistent earnings generation and the ongoing costs associated with its historical acquisition strategy.
While the debt-to-equity ratio appears manageable at 0.65, the volatility in interest coverage ratios indicates that the company's financial flexibility is limited during periods of industrial contraction. Investors should monitor whether future cash flows will be sufficient to deleverage the balance sheet without further equity dilution.
The market's reliance on the P/E ratio to value KWR is fundamentally flawed, as reported GAAP earnings are heavily distorted by non-cash amortization of intangibles and one-time integration costs, which obscure the company's true cash-generating capacity as a mission-critical industrial service provider.
Analysts should instead focus on EV/EBITDA or free cash flow yields to better capture the underlying economics of the business. Using P/E in this context risks mispricing the company as a failing commodity seller rather than a high-moat provider of essential industrial fluids.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying KWR stock.
Quaker Chemical Corporation's current P/E ratio is -1095.8x. The historical average is 31.8x.
Quaker Chemical Corporation's current EV/EBITDA is 12.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
Quaker Chemical Corporation's return on equity (ROE) is -0.2%. The historical average is 10.4%.
Based on historical data, Quaker Chemical Corporation is trading at a P/E of -1095.8x. Compare with industry peers and growth rates for a complete picture.
Quaker Chemical Corporation's current dividend yield is 1.28%.
Quaker Chemical Corporation has 36.0% gross margin and 9.4% operating margin.
Quaker Chemical Corporation's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.