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

QUAKER CHEMICAL CORP is the larger business by last-quarter revenue ($468.5M vs $362.7M, roughly 1.3× VNET Group, Inc.). QUAKER CHEMICAL CORP runs the higher net margin — 4.4% vs -10.7%, a 15.1% gap on every dollar of revenue. QUAKER CHEMICAL CORP produced more free cash flow last quarter ($24.3M vs $-193.1M). Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% 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...

VNET Group, Inc. is a leading neutral internet data center service provider operating primarily in China. It offers cloud computing infrastructure, colocation services, managed network solutions, and hybrid cloud support to enterprise clients across technology, finance, and retail sectors, enabling stable, high-performance digital operation foundations for domestic and global businesses expanding in the Chinese market.

KWR vs VNET — Head-to-Head

Bigger by revenue
KWR
KWR
1.3× larger
KWR
$468.5M
$362.7M
VNET
Higher net margin
KWR
KWR
15.1% more per $
KWR
4.4%
-10.7%
VNET
More free cash flow
KWR
KWR
$217.4M more FCF
KWR
$24.3M
$-193.1M
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
-0.1%
KWR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KWR
KWR
VNET
VNET
Revenue
$468.5M
$362.7M
Net Profit
$20.7M
$-38.7M
Gross Margin
35.3%
20.9%
Operating Margin
6.7%
0.5%
Net Margin
4.4%
-10.7%
Revenue YoY
5.5%
Net Profit YoY
45.9%
EPS (diluted)
$1.16

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
VNET
VNET
Q4 25
$468.5M
Q3 25
$493.8M
$362.7M
Q2 25
$483.4M
Q1 25
$442.9M
$309.5M
Q4 24
$444.1M
Q3 24
$462.3M
$302.2M
Q2 24
$463.6M
$274.4M
Q1 24
$469.8M
$262.9M
Net Profit
KWR
KWR
VNET
VNET
Q4 25
$20.7M
Q3 25
$30.5M
$-38.7M
Q2 25
$-66.6M
Q1 25
$12.9M
$-2.4M
Q4 24
$14.2M
Q3 24
$32.3M
$-2.1M
Q2 24
$34.9M
$-1.1M
Q1 24
$35.2M
$-22.0M
Gross Margin
KWR
KWR
VNET
VNET
Q4 25
35.3%
Q3 25
36.6%
20.9%
Q2 25
35.5%
Q1 25
36.4%
25.2%
Q4 24
35.2%
Q3 24
37.3%
23.2%
Q2 24
37.9%
21.3%
Q1 24
38.7%
21.6%
Operating Margin
KWR
KWR
VNET
VNET
Q4 25
6.7%
Q3 25
9.4%
0.5%
Q2 25
-10.9%
Q1 25
6.2%
0.1%
Q4 24
6.5%
Q3 24
11.2%
24.5%
Q2 24
12.6%
0.2%
Q1 24
11.8%
0.2%
Net Margin
KWR
KWR
VNET
VNET
Q4 25
4.4%
Q3 25
6.2%
-10.7%
Q2 25
-13.8%
Q1 25
2.9%
-0.8%
Q4 24
3.2%
Q3 24
7.0%
-0.7%
Q2 24
7.5%
-0.4%
Q1 24
7.5%
-8.4%
EPS (diluted)
KWR
KWR
VNET
VNET
Q4 25
$1.16
Q3 25
$1.75
Q2 25
$-3.78
Q1 25
$0.73
Q4 24
$0.81
Q3 24
$1.81
Q2 24
$1.94
Q1 24
$1.95

Balance Sheet & Financial Strength

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

Metric
KWR
KWR
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$179.8M
$492.1M
Total DebtLower is stronger
$834.9M
Stockholders' EquityBook value
$1.4B
$890.8M
Total Assets
$2.8B
$6.1B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KWR
KWR
VNET
VNET
Q4 25
$179.8M
Q3 25
$172.0M
$492.1M
Q2 25
$201.9M
Q1 25
$186.2M
$544.3M
Q4 24
$188.9M
Q3 24
$212.1M
$219.5M
Q2 24
$188.6M
$247.2M
Q1 24
$195.8M
$246.9M
Total Debt
KWR
KWR
VNET
VNET
Q4 25
$834.9M
Q3 25
Q2 25
Q1 25
Q4 24
$669.6M
Q3 24
$1.2B
Q2 24
Q1 24
Stockholders' Equity
KWR
KWR
VNET
VNET
Q4 25
$1.4B
Q3 25
$1.4B
$890.8M
Q2 25
$1.3B
Q1 25
$1.4B
$927.8M
Q4 24
$1.4B
Q3 24
$1.4B
$902.9M
Q2 24
$1.4B
$900.6M
Q1 24
$1.4B
$895.1M
Total Assets
KWR
KWR
VNET
VNET
Q4 25
$2.8B
Q3 25
$2.8B
$6.1B
Q2 25
$2.8B
Q1 25
$2.7B
$5.4B
Q4 24
$2.6B
Q3 24
$2.7B
$4.3B
Q2 24
$2.7B
$4.0B
Q1 24
$2.7B
$3.9B
Debt / Equity
KWR
KWR
VNET
VNET
Q4 25
0.61×
Q3 25
Q2 25
Q1 25
Q4 24
0.49×
Q3 24
1.28×
Q2 24
Q1 24

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
VNET
VNET
Operating Cash FlowLast quarter
$46.5M
$113.8M
Free Cash FlowOCF − Capex
$24.3M
$-193.1M
FCF MarginFCF / Revenue
5.2%
-53.2%
Capex IntensityCapex / Revenue
4.7%
84.6%
Cash ConversionOCF / Net Profit
2.25×
TTM Free Cash FlowTrailing 4 quarters
$80.6M
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KWR
KWR
VNET
VNET
Q4 25
$46.5M
Q3 25
$51.4M
$113.8M
Q2 25
$41.6M
Q1 25
$-3.0M
$27.0M
Q4 24
$63.1M
Q3 24
$68.0M
$108.3M
Q2 24
$46.3M
$55.8M
Q1 24
$27.2M
$37.1M
Free Cash Flow
KWR
KWR
VNET
VNET
Q4 25
$24.3M
Q3 25
$38.0M
$-193.1M
Q2 25
$33.6M
Q1 25
$-15.4M
$-220.0M
Q4 24
$40.6M
Q3 24
$59.8M
$-95.0M
Q2 24
$39.6M
$-81.6M
Q1 24
$22.8M
$-102.2M
FCF Margin
KWR
KWR
VNET
VNET
Q4 25
5.2%
Q3 25
7.7%
-53.2%
Q2 25
7.0%
Q1 25
-3.5%
-71.1%
Q4 24
9.1%
Q3 24
12.9%
-31.4%
Q2 24
8.6%
-29.8%
Q1 24
4.8%
-38.9%
Capex Intensity
KWR
KWR
VNET
VNET
Q4 25
4.7%
Q3 25
2.7%
84.6%
Q2 25
1.6%
Q1 25
2.8%
79.8%
Q4 24
5.1%
Q3 24
1.8%
67.3%
Q2 24
1.4%
50.1%
Q1 24
0.9%
53.0%
Cash Conversion
KWR
KWR
VNET
VNET
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%

VNET
VNET

Segment breakdown not available.

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