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How Quaker Chemical (KWR) makes money

Quaker Chemical (KWR) made $545M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 36¢ was left as gross profit, 9¢ was left as operating profit, 6¢ was left as net earnings.

Drawing the Sankey…

Quaker Chemical revenue by quarterQuaker Chemical revenue by quarter$443MQ1 2025$483MQ2 2025$494MQ3 2025$468MQ4 2025$480MQ1 2026$533MQ2 2026$545MQ3 2026
Quaker Chemical: where each dollar of revenue goesQuaker Chemical: where each dollar of revenue goesCost of revenue64¢Gross profit36¢Operating expenses27¢Operating profit9¢Income tax2¢Net earnings6¢Operating cash flow3¢Free cash flow1¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$545M100.0%
Cost of revenue$351M64.5%
Gross profit$194M35.5%
Operating expenses$145M26.6%
Operating profit$48.9M9.0%
Income tax$11.8M2.2%
Net earnings$30.0M5.5%
Operating cash flow$14.3M2.6%
Free cash flow$2.9M0.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$545M+10%
Q2 2026$533M+10%
Q1 2026$480M+8%
Q4 2025$468M+6%
Q3 2025$494M+7%
Q2 2025$483M+4%
Q1 2025$443M-6%

From Quaker Chemical's 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Quaker Chemical make money?

Quaker Chemical (KWR) made $545M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 36¢ was left as gross profit, 9¢ was left as operating profit, 6¢ was left as net earnings.

What is Quaker Chemical's profit margin?

Net earnings were $30.0M, 5.5% of revenue, in the third quarter 2026; the operating margin was 9.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.