10-K annual report · filed Feb 23, 2026

QUAKER CHEMICAL CORP (KWR) FY2025 10-K Annual Report

Short answer

QUAKER CHEMICAL CORP (KWR) filed its fiscal 2025 10-K annual report with the SEC on Feb 23, 2026. It reported revenue of $1.9B (+2.7% year over year) and net income of −$2M.

  • Top risk flagged: No cybersecurity incidents materially affecting business as of report date

FY2025 key financial metrics · XBRL

Revenue
$1.9B
+2.7% YoY
Net income
−$2M
−102.1% YoY
Operating margin
2.8%
−7.8 pp YoY
Gross margin
36.0%
−1.3 pp YoY
EPS (diluted)
−$0.14
−102.2% YoY
ROE
-0.2%
−8.8 pp YoY
Operating cash flow
$136M
−33.3% YoY

Source: XBRL data from the QUAKER CHEMICAL CORP (KWR) FY2025 10-K on SEC EDGAR. USD.

QUAKER CHEMICAL CORP FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business: Global leader in industrial process fluids serving steel, aluminum, automotive, aerospace, and metalworking sectors through chemical formulations and Fluidcare™ services
  • New emphasis on Surface solutions segment rising to 10.9% of net sales in 2025 from ~5% in prior two years
  • Geographic segment reporting maintained with Americas, EMEA, and Asia/Pacific divisions, no strategic restructuring disclosed
  • Notable sales metric: five largest customers accounted for 11% of net sales in 2025, largest customer 3%
  • Raw materials cost volatility from oil, natural gas derivatives impacted earnings in 2024 and 2025

Management Discussion & Analysis

  • Operating earnings: Asia/Pacific up on sales and acquisitions despite lower margins; EMEA and Americas down due to margin declines, Americas also down on sales
  • Operating cash flow $136.5M in 2025 vs $204.6M in 2024; cash used in investing $214.1M vs $76.4M; financing cash provided $61.8M vs used $122.7M
  • Share repurchases $41.5M in 2025 with $59.2M capacity remaining under $150M 2024 program
  • Recorded $88.8M pre-tax goodwill impairment charge in EMEA segment due to lower earnings and increased cost of capital
  • Management expects sufficient liquidity to fund operations, dividends, buybacks, capex, and acquisitions; evaluating tax law impacts for 2026-27

Risk Factors

  • No cybersecurity incidents materially affecting business as of report date
  • Quarterly cybersecurity risk updates to Board via Audit Committee
  • Global Cyber Security team led by Senior Director with certified expertise
  • Cybersecurity risk management follows NIST framework categories
  • 24/7 monitoring via Company and third-party Cybersecurity Operations Centers

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