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Side-by-side financial comparison of QUAKER CHEMICAL CORP (KWR) and MADRIGAL PHARMACEUTICALS, INC. (MDGL). Click either name above to swap in a different company.

QUAKER CHEMICAL CORP is the larger business by last-quarter revenue ($468.5M vs $321.1M, roughly 1.5× MADRIGAL PHARMACEUTICALS, INC.). QUAKER CHEMICAL CORP runs the higher net margin — 4.4% vs -18.2%, a 22.7% gap on every dollar of revenue. On growth, MADRIGAL PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (210.8% vs 5.5%). QUAKER CHEMICAL CORP produced more free cash flow last quarter ($24.3M vs $-133.8M).

Quaker Chemical Corporation, doing business as Quaker Houghton, is an American chemical company that was founded in 1918. It is headquartered in Conshohocken, Pennsylvania. With its global presence in 21 countries and 35 locations worldwide, the company has over 50% of net sales outside of the United States. Quaker Houghton manufactures process fluids for use in the steel, aluminum, metalworking, automotive, mining, aerospace, tube & pipe, can making, and other industrial processes. On August...

Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called primary biliary cholangitis, non-alcoholic fatty liver disease, cirrhosis, portal hypertension, primary sclerosing cholangitis and also the intestinal disorder, bile acid diarrhea.

KWR vs MDGL — Head-to-Head

Bigger by revenue
KWR
KWR
1.5× larger
KWR
$468.5M
$321.1M
MDGL
Growing faster (revenue YoY)
MDGL
MDGL
+205.3% gap
MDGL
210.8%
5.5%
KWR
Higher net margin
KWR
KWR
22.7% more per $
KWR
4.4%
-18.2%
MDGL
More free cash flow
KWR
KWR
$158.2M more FCF
KWR
$24.3M
$-133.8M
MDGL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KWR
KWR
MDGL
MDGL
Revenue
$468.5M
$321.1M
Net Profit
$20.7M
$-58.6M
Gross Margin
35.3%
Operating Margin
6.7%
-18.6%
Net Margin
4.4%
-18.2%
Revenue YoY
5.5%
210.8%
Net Profit YoY
45.9%
1.4%
EPS (diluted)
$1.16
$-2.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KWR
KWR
MDGL
MDGL
Q4 25
$468.5M
$321.1M
Q3 25
$493.8M
$287.3M
Q2 25
$483.4M
$212.8M
Q1 25
$442.9M
$137.3M
Q4 24
$444.1M
$103.3M
Q3 24
$462.3M
$62.2M
Q2 24
$463.6M
Q1 24
$469.8M
$0
Net Profit
KWR
KWR
MDGL
MDGL
Q4 25
$20.7M
$-58.6M
Q3 25
$30.5M
$-114.2M
Q2 25
$-66.6M
$-42.3M
Q1 25
$12.9M
$-73.2M
Q4 24
$14.2M
$-59.4M
Q3 24
$32.3M
$-107.0M
Q2 24
$34.9M
Q1 24
$35.2M
$-147.5M
Gross Margin
KWR
KWR
MDGL
MDGL
Q4 25
35.3%
Q3 25
36.6%
Q2 25
35.5%
Q1 25
36.4%
96.7%
Q4 24
35.2%
Q3 24
37.3%
Q2 24
37.9%
Q1 24
38.7%
Operating Margin
KWR
KWR
MDGL
MDGL
Q4 25
6.7%
-18.6%
Q3 25
9.4%
-39.7%
Q2 25
-10.9%
-22.2%
Q1 25
6.2%
-57.8%
Q4 24
6.5%
-64.8%
Q3 24
11.2%
-187.1%
Q2 24
12.6%
Q1 24
11.8%
Net Margin
KWR
KWR
MDGL
MDGL
Q4 25
4.4%
-18.2%
Q3 25
6.2%
-39.8%
Q2 25
-13.8%
-19.9%
Q1 25
2.9%
-53.4%
Q4 24
3.2%
-57.5%
Q3 24
7.0%
-172.0%
Q2 24
7.5%
Q1 24
7.5%
EPS (diluted)
KWR
KWR
MDGL
MDGL
Q4 25
$1.16
$-2.55
Q3 25
$1.75
$-5.08
Q2 25
$-3.78
$-1.90
Q1 25
$0.73
$-3.32
Q4 24
$0.81
$-2.50
Q3 24
$1.81
$-4.92
Q2 24
$1.94
Q1 24
$1.95
$-7.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KWR
KWR
MDGL
MDGL
Cash + ST InvestmentsLiquidity on hand
$179.8M
$198.7M
Total DebtLower is stronger
$834.9M
$339.9M
Stockholders' EquityBook value
$1.4B
$602.7M
Total Assets
$2.8B
$1.3B
Debt / EquityLower = less leverage
0.61×
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KWR
KWR
MDGL
MDGL
Q4 25
$179.8M
$198.7M
Q3 25
$172.0M
$295.7M
Q2 25
$201.9M
$186.2M
Q1 25
$186.2M
$183.6M
Q4 24
$188.9M
$100.0M
Q3 24
$212.1M
$232.7M
Q2 24
$188.6M
Q1 24
$195.8M
$622.5M
Total Debt
KWR
KWR
MDGL
MDGL
Q4 25
$834.9M
$339.9M
Q3 25
$339.8M
Q2 25
$118.4M
Q1 25
$118.0M
Q4 24
$669.6M
$117.6M
Q3 24
$117.1M
Q2 24
Q1 24
$116.1M
Stockholders' Equity
KWR
KWR
MDGL
MDGL
Q4 25
$1.4B
$602.7M
Q3 25
$1.4B
$625.7M
Q2 25
$1.3B
$696.0M
Q1 25
$1.4B
$710.6M
Q4 24
$1.4B
$754.4M
Q3 24
$1.4B
$777.2M
Q2 24
$1.4B
Q1 24
$1.4B
$850.8M
Total Assets
KWR
KWR
MDGL
MDGL
Q4 25
$2.8B
$1.3B
Q3 25
$2.8B
$1.4B
Q2 25
$2.8B
$1.0B
Q1 25
$2.7B
$996.6M
Q4 24
$2.6B
$1.0B
Q3 24
$2.7B
$1.1B
Q2 24
$2.7B
Q1 24
$2.7B
$1.1B
Debt / Equity
KWR
KWR
MDGL
MDGL
Q4 25
0.61×
0.56×
Q3 25
0.54×
Q2 25
0.17×
Q1 25
0.17×
Q4 24
0.49×
0.16×
Q3 24
0.15×
Q2 24
Q1 24
0.14×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KWR
KWR
MDGL
MDGL
Operating Cash FlowLast quarter
$46.5M
$-133.5M
Free Cash FlowOCF − Capex
$24.3M
$-133.8M
FCF MarginFCF / Revenue
5.2%
-41.7%
Capex IntensityCapex / Revenue
4.7%
0.1%
Cash ConversionOCF / Net Profit
2.25×
TTM Free Cash FlowTrailing 4 quarters
$80.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KWR
KWR
MDGL
MDGL
Q4 25
$46.5M
$-133.5M
Q3 25
$51.4M
$79.8M
Q2 25
$41.6M
$-47.1M
Q1 25
$-3.0M
$-88.9M
Q4 24
$63.1M
$-104.5M
Q3 24
$68.0M
$-67.0M
Q2 24
$46.3M
Q1 24
$27.2M
$-149.2M
Free Cash Flow
KWR
KWR
MDGL
MDGL
Q4 25
$24.3M
$-133.8M
Q3 25
$38.0M
$79.0M
Q2 25
$33.6M
Q1 25
$-15.4M
Q4 24
$40.6M
$-104.7M
Q3 24
$59.8M
$-67.8M
Q2 24
$39.6M
Q1 24
$22.8M
$-149.5M
FCF Margin
KWR
KWR
MDGL
MDGL
Q4 25
5.2%
-41.7%
Q3 25
7.7%
27.5%
Q2 25
7.0%
Q1 25
-3.5%
Q4 24
9.1%
-101.3%
Q3 24
12.9%
-109.0%
Q2 24
8.6%
Q1 24
4.8%
Capex Intensity
KWR
KWR
MDGL
MDGL
Q4 25
4.7%
0.1%
Q3 25
2.7%
0.3%
Q2 25
1.6%
0.0%
Q1 25
2.8%
0.0%
Q4 24
5.1%
0.2%
Q3 24
1.8%
1.3%
Q2 24
1.4%
Q1 24
0.9%
Cash Conversion
KWR
KWR
MDGL
MDGL
Q4 25
2.25×
Q3 25
1.69×
Q2 25
Q1 25
-0.24×
Q4 24
4.45×
Q3 24
2.10×
Q2 24
1.33×
Q1 24
0.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KWR
KWR

Other$260.7M56%
Metalworking And Other$146.4M31%
Metals$61.4M13%

MDGL
MDGL

Rebates Customer Fees Credits Co Pay Assistance And Other$208.5M65%
Other$76.0M24%
Chargebacks Discounts For Prompt Pay And Other Allowances$36.6M11%

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