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Side-by-side financial comparison of QUAKER CHEMICAL CORP (KWR) and PTC Inc. (PTC). Click either name above to swap in a different company.

PTC Inc. is the larger business by last-quarter revenue ($685.8M vs $468.5M, roughly 1.5× QUAKER CHEMICAL CORP). PTC Inc. runs the higher net margin — 24.3% vs 4.4%, a 19.9% gap on every dollar of revenue. On growth, PTC Inc. posted the faster year-over-year revenue change (21.4% vs 5.5%). PTC Inc. produced more free cash flow last quarter ($267.4M vs $24.3M). Over the past eight quarters, PTC Inc.'s revenue compounded faster (6.6% CAGR vs -0.1%).

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...

PTC Inc. is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. The company was a pioneer in parametric, associative feature-based, solid computer-aided design (CAD) modeling software in 1988, including an Internet-based product for Product Lifecycle Management (PLM) in 1998. PTC markets products and services and an Internet of Things (IoT) and augmented reality (AR) platform for partners and developers.

KWR vs PTC — Head-to-Head

Bigger by revenue
PTC
PTC
1.5× larger
PTC
$685.8M
$468.5M
KWR
Growing faster (revenue YoY)
PTC
PTC
+15.9% gap
PTC
21.4%
5.5%
KWR
Higher net margin
PTC
PTC
19.9% more per $
PTC
24.3%
4.4%
KWR
More free cash flow
PTC
PTC
$243.1M more FCF
PTC
$267.4M
$24.3M
KWR
Faster 2-yr revenue CAGR
PTC
PTC
Annualised
PTC
6.6%
-0.1%
KWR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KWR
KWR
PTC
PTC
Revenue
$468.5M
$685.8M
Net Profit
$20.7M
$166.5M
Gross Margin
35.3%
82.8%
Operating Margin
6.7%
32.2%
Net Margin
4.4%
24.3%
Revenue YoY
5.5%
21.4%
Net Profit YoY
45.9%
102.5%
EPS (diluted)
$1.16
$1.39

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
PTC
PTC
Q4 25
$468.5M
$685.8M
Q3 25
$493.8M
$893.8M
Q2 25
$483.4M
$643.9M
Q1 25
$442.9M
$636.4M
Q4 24
$444.1M
$565.1M
Q3 24
$462.3M
$626.5M
Q2 24
$463.6M
$518.6M
Q1 24
$469.8M
$603.1M
Net Profit
KWR
KWR
PTC
PTC
Q4 25
$20.7M
$166.5M
Q3 25
$30.5M
$347.8M
Q2 25
$-66.6M
$141.3M
Q1 25
$12.9M
$162.6M
Q4 24
$14.2M
$82.2M
Q3 24
$32.3M
$126.5M
Q2 24
$34.9M
$69.0M
Q1 24
$35.2M
$114.4M
Gross Margin
KWR
KWR
PTC
PTC
Q4 25
35.3%
82.8%
Q3 25
36.6%
86.9%
Q2 25
35.5%
82.9%
Q1 25
36.4%
83.3%
Q4 24
35.2%
80.2%
Q3 24
37.3%
82.0%
Q2 24
37.9%
78.4%
Q1 24
38.7%
81.8%
Operating Margin
KWR
KWR
PTC
PTC
Q4 25
6.7%
32.2%
Q3 25
9.4%
48.5%
Q2 25
-10.9%
32.6%
Q1 25
6.2%
35.1%
Q4 24
6.5%
20.4%
Q3 24
11.2%
31.0%
Q2 24
12.6%
18.5%
Q1 24
11.8%
29.8%
Net Margin
KWR
KWR
PTC
PTC
Q4 25
4.4%
24.3%
Q3 25
6.2%
38.9%
Q2 25
-13.8%
21.9%
Q1 25
2.9%
25.6%
Q4 24
3.2%
14.6%
Q3 24
7.0%
20.2%
Q2 24
7.5%
13.3%
Q1 24
7.5%
19.0%
EPS (diluted)
KWR
KWR
PTC
PTC
Q4 25
$1.16
$1.39
Q3 25
$1.75
$2.88
Q2 25
$-3.78
$1.17
Q1 25
$0.73
$1.35
Q4 24
$0.81
$0.68
Q3 24
$1.81
$1.05
Q2 24
$1.94
$0.57
Q1 24
$1.95
$0.95

Balance Sheet & Financial Strength

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

Metric
KWR
KWR
PTC
PTC
Cash + ST InvestmentsLiquidity on hand
$179.8M
$209.7M
Total DebtLower is stronger
$834.9M
$1.2B
Stockholders' EquityBook value
$1.4B
$3.8B
Total Assets
$2.8B
$6.4B
Debt / EquityLower = less leverage
0.61×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KWR
KWR
PTC
PTC
Q4 25
$179.8M
$209.7M
Q3 25
$172.0M
$184.4M
Q2 25
$201.9M
$199.3M
Q1 25
$186.2M
$235.2M
Q4 24
$188.9M
$196.3M
Q3 24
$212.1M
$265.8M
Q2 24
$188.6M
$247.7M
Q1 24
$195.8M
$249.0M
Total Debt
KWR
KWR
PTC
PTC
Q4 25
$834.9M
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$669.6M
$1.0B
Q3 24
$1.2B
Q2 24
$1.3B
Q1 24
$1.5B
Stockholders' Equity
KWR
KWR
PTC
PTC
Q4 25
$1.4B
$3.8B
Q3 25
$1.4B
$3.8B
Q2 25
$1.3B
$3.5B
Q1 25
$1.4B
$3.4B
Q4 24
$1.4B
$3.2B
Q3 24
$1.4B
$3.2B
Q2 24
$1.4B
$3.0B
Q1 24
$1.4B
$2.9B
Total Assets
KWR
KWR
PTC
PTC
Q4 25
$2.8B
$6.4B
Q3 25
$2.8B
$6.6B
Q2 25
$2.8B
$6.2B
Q1 25
$2.7B
$6.2B
Q4 24
$2.6B
$6.1B
Q3 24
$2.7B
$6.4B
Q2 24
$2.7B
$6.1B
Q1 24
$2.7B
$6.2B
Debt / Equity
KWR
KWR
PTC
PTC
Q4 25
0.61×
0.31×
Q3 25
0.31×
Q2 25
0.34×
Q1 25
0.40×
Q4 24
0.49×
0.32×
Q3 24
0.38×
Q2 24
0.43×
Q1 24
0.51×

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
PTC
PTC
Operating Cash FlowLast quarter
$46.5M
$269.7M
Free Cash FlowOCF − Capex
$24.3M
$267.4M
FCF MarginFCF / Revenue
5.2%
39.0%
Capex IntensityCapex / Revenue
4.7%
0.3%
Cash ConversionOCF / Net Profit
2.25×
1.62×
TTM Free Cash FlowTrailing 4 quarters
$80.6M
$888.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KWR
KWR
PTC
PTC
Q4 25
$46.5M
$269.7M
Q3 25
$51.4M
$104.0M
Q2 25
$41.6M
$243.9M
Q1 25
$-3.0M
$281.3M
Q4 24
$63.1M
$238.4M
Q3 24
$68.0M
$98.1M
Q2 24
$46.3M
$213.8M
Q1 24
$27.2M
$250.7M
Free Cash Flow
KWR
KWR
PTC
PTC
Q4 25
$24.3M
$267.4M
Q3 25
$38.0M
$100.5M
Q2 25
$33.6M
$242.0M
Q1 25
$-15.4M
$278.5M
Q4 24
$40.6M
$235.7M
Q3 24
$59.8M
$93.6M
Q2 24
$39.6M
$212.2M
Q1 24
$22.8M
$247.1M
FCF Margin
KWR
KWR
PTC
PTC
Q4 25
5.2%
39.0%
Q3 25
7.7%
11.2%
Q2 25
7.0%
37.6%
Q1 25
-3.5%
43.8%
Q4 24
9.1%
41.7%
Q3 24
12.9%
14.9%
Q2 24
8.6%
40.9%
Q1 24
4.8%
41.0%
Capex Intensity
KWR
KWR
PTC
PTC
Q4 25
4.7%
0.3%
Q3 25
2.7%
0.4%
Q2 25
1.6%
0.3%
Q1 25
2.8%
0.4%
Q4 24
5.1%
0.5%
Q3 24
1.8%
0.7%
Q2 24
1.4%
0.3%
Q1 24
0.9%
0.6%
Cash Conversion
KWR
KWR
PTC
PTC
Q4 25
2.25×
1.62×
Q3 25
1.69×
0.30×
Q2 25
1.73×
Q1 25
-0.24×
1.73×
Q4 24
4.45×
2.90×
Q3 24
2.10×
0.78×
Q2 24
1.33×
3.10×
Q1 24
0.77×
2.19×

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%

PTC
PTC

Support And Cloud Services$393.3M57%
License$269.7M39%
Technology Service$22.9M3%
Perpetual License$5.6M1%

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