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Quaker Houghton KWR Metal removal fluids — Concentration risk (as a percent)

Other product segments

Rolling lubricants
18.3%-10.7%
Hydraulic fluids
12.2%-14.1%
Surface solutions
10.9%+110%

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Other financials

Income statement

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Revenue$480.5M+8.5%
Gross profit$176.7M+9.6%
Operating income$33.6M+21.6%
Net income$19.7M+52.2%
EPS (diluted)$1.13+54.8%

Balance sheet

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Cash & equivalents$169.7M-8.9%
Total debt$947.3M+17.4%
Total equity$1.4B-0.7%
Total assets$2.8B+5.2%

Cash flow

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Operating cash flow$3.8M+224%
CapEx$10.7M-13.6%
Free cash flow-$6.9M+55.3%

Valuation

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Market cap$2.92B+32.3%
Enterprise value$3.7B+22.6%
P/S1.5×+0.3×

Profitability

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Gross margin36.1%-0.6pp
Operating margin3.1%-6.1pp
Net margin-0.5%-7.1pp
FCF margin4.6%-2.2pp

Returns & leverage

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Return on equity-0.6%-9.4pp
Debt / equity0.7×+0.1×
Current ratio2.5×0.0×

Where this comes from

Reported directly by Quaker Houghton in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The source filing: Quaker Houghton’s 10-K, filed February 23, 2026.

Filed
Feb 23, 2026, 4:40 PM EST
Fiscal year
FY2025
Accession
0001628280-26-010694
Major Product Line202520242023
Metal removal fluids19.0%22.4%23.6%
Rolling lubricants18.3%20.5%19.5%
Hydraulic fluids12.2%14.2%14.1%
Surface solutions10.9%5.2%5.0%

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Quaker Houghton's metal removal fluids — concentration risk (as a percent)?
Quaker Houghton (KWR) reported metal removal fluids — concentration risk (as a percent) of 4.8% in Q4 2025.
How has Quaker Houghton's metal removal fluids — concentration risk (as a percent) changed year-over-year?
Quaker Houghton's metal removal fluids — concentration risk (as a percent) decreased by 15.2% year-over-year, from 5.6% to 4.8%.
What is the long-term trend for Quaker Houghton's metal removal fluids — concentration risk (as a percent)?
Over 4 years (2021 to 2025), Quaker Houghton's metal removal fluids — concentration risk (as a percent) has grown at a -5.1% compound annual growth rate (CAGR), from 23.4% to 19%.
What does metal removal fluids — concentration risk (as a percent) mean?
This metric measures the proportion of total consolidated net sales derived from the metal removal fluids product line. It serves as an indicator of revenue dependency on specific machining and grinding compound offerings within the company's portfolio. High concentration levels may signal increased exposure to market-specific demand fluctuations or competitive pressures within this product category.

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