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Quaker Chemical cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.9M in Q3 2026 · $39.4M over twelve months

Operating cash flow$14.3M
Capital spending−$11.4M
Free cash flow+$2.9M
Cash / net income0.5×

Analysis

In Q3 2026, Quaker Chemical generated $14.3M of operating cash flow and spent $11.4M on capital projects, leaving free cash flow of $2.9M. That is $35.2M less than in Q3 2025 ($38.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $94.1M; the largest uses were net borrowing (+) / repaid (−) ($777M), capital spending ($54.7M), dividends ($35.2M); besides operations, cash came from other financing ($799M), other investing ($4.5M); the cash balance fell by $5.0M.

Operating cash flow was $14.3M against net income of $30.0M — 0.5× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$25.3M, depreciation & amortization +$17.5M, inventory −$16.5M.

Free cash flow

Quaker Chemical: free cash flow by quarterQuaker Chemical: free cash flow by quarter$40.6MQ4 2024−$15.4MQ1 2025$33.6MQ2 2025$38.0MQ3 2025$24.3MQ4 2025−$6.9MQ1 2026$19.1MQ2 2026$2.9MQ3 2026
Operating cash flow less capital spending.
Quaker Chemical: operating cash flow against capital spendingQuaker Chemical: operating cash flow against capital spendingOperating cash flowCapital spending$63.1M$22.5MQ4 2024−$3.0M$12.3MQ1 2025$41.6M$8.0MQ2 2025$51.4M$13.3MQ3 2025$46.5M$22.2MQ4 2025$3.8M$10.7MQ1 2026$29.5M$10.4MQ2 2026$14.3M$11.4MQ3 2026
Latest (Q3 2026): Operating cash flow $14.3M, Capital spending $11.4M.

Capital allocation, year by year

Quaker Chemical: where the cash came from (up) and went (down), by fiscal yearQuaker Chemical: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $48.9MFY2021: Net borrowing $14.2MFY2021: Shares issued $890KFY2021: Asset sales $14.7MFY2021: Capital spending −$21.5MFY2021: Acquisitions −$42.4MFY2021: Dividends −$28.6M$78.8MFY2021FY2022: Operating cash flow $41.8MFY2022: Net borrowing $58.9MFY2022: Shares issued −$378KFY2022: Asset sales $1.5MFY2022: Capital spending −$28.5MFY2022: Acquisitions −$13.1MFY2022: Dividends −$30.1M$102MFY2022FY2023: Operating cash flow $279MFY2023: Net borrowing −$204MFY2023: Shares issued −$2.7MFY2023: Asset sales $11.2MFY2023: Capital spending −$38.8MFY2023: Dividends −$31.6M$290MFY2023FY2024: Operating cash flow $205MFY2024: Net borrowing −$37.9MFY2024: Shares issued −$2.4MFY2024: Asset sales $4.7MFY2024: Capital spending −$41.8MFY2024: Acquisitions −$39.3MFY2024: Buybacks −$49.2MFY2024: Dividends −$33.2M$209MFY2024FY2025: Operating cash flow $136MFY2025: Net borrowing $134MFY2025: Shares issued −$1.4MFY2025: Asset sales $3.0MFY2025: Capital spending −$55.9MFY2025: Acquisitions −$164MFY2025: Buybacks −$41.5MFY2025: Dividends −$34.4M$273MFY2025
Over these 5 years operating cash flow totalled $711M; the largest uses were acquisitions ($259M) and net borrowing ($242M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$167M
Debt$890M
Net debt$723M
Due within a year$35.2M

Quaker Chemical funds itself: free cash flow was $39.4M over the last twelve months, and $167M of cash and investments stands against $890M of debt ($35.2M due within a year, 4.7× covered by cash).

Quaker Chemical: debt maturities by year (FY2025)Quaker Chemical: debt maturities by year (FY2025)$35.2MYear 1$825MYear 2$10.0MYear 3
Principal due in each year as disclosed in the annual report, against $167M of cash and investments now.

Where the cash came from and went

Quaker Chemical: sources (+) and uses (−) of cash, Q3 2026Quaker Chemical: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$20.0MOperating cash flow$14.3MCash drawn (+) / kept (−)−$11.9MCapital spending−$11.4MDividends−$8.7MBuybacks−$3.3MOther investing$1.1MAsset & business sales$370KShares issued−$269KExchange rates−$199K
Quaker Chemical: sources (+) and uses (−) of cash, TTM to Q3 2026Quaker Chemical: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$799MNet borrowing (+) / repaid (−)−$777MOperating cash flow$94.1MCapital spending−$54.7MDividends−$35.2MBuybacks−$32.5MCash drawn (+) / kept (−)$5.0MOther investing$4.5MShares issued−$2.3MExchange rates−$1.1MAsset & business sales$373K

From profit to cash

Quaker Chemical: net income to operating cash flow, Q3 2026Quaker Chemical: net income to operating cash flow, Q3 2026Net income$30.0MDepreciation & amortization$17.5MStock-based pay$3.7MDeferred taxes−$4.3MGains on disposals$301KReceivables−$25.3MInventory−$16.5MPayables$11.7MPrepaid and other assets−$4.3MOperating cash flow$14.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$14.3M−$11.4M—−$3.3M−$8.7M$20.0M−$269K−$11.9M$2.9M
Q2 2026$29.5M−$10.4M——−$8.8M−$796M−$6K$14.6M$19.1M
Q1 2026$3.8M−$10.7M——−$8.8M$7.1M−$1.7M$10.1M−$6.9M
Q4 2025$46.5M−$22.2M—−$5.0M−$8.8M−$8.6M−$288K−$7.8M$24.3M
Q3 2025$51.4M−$13.3M−$131K−$3.8M−$8.4M−$56.2M$202K$29.9M$38.0M
Q2 2025$41.6M−$8.0M−$160M—−$8.6M−$8.0M−$125K−$15.7M$33.6M
Q1 2025−$3.0M−$12.3M−$4.0M—−$8.6M−$9.3M−$1.2M$2.7M−$15.4M
Q4 2024$63.1M−$22.5M—−$26.3M−$8.6M−$6.3M−$1.8M$23.2M$40.6M

Quaker Chemical: income statement and cash flow

Quaker Chemical, Q3 2026: revenue $545M (+10% year over year), operating margin 9.0%. The chart follows the revenue to costs, profit and cash.

Quaker Chemical: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.