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Side-by-side financial comparison of QUAKER CHEMICAL CORP (KWR) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

QUAKER CHEMICAL CORP is the larger business by last-quarter revenue ($468.5M vs $407.2M, roughly 1.2× Zurn Elkay Water Solutions Corp). Zurn Elkay Water Solutions Corp runs the higher net margin — 10.3% vs 4.4%, a 5.9% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs 5.5%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% 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...

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

KWR vs ZWS — Head-to-Head

Bigger by revenue
KWR
KWR
1.2× larger
KWR
$468.5M
$407.2M
ZWS
Growing faster (revenue YoY)
ZWS
ZWS
+4.4% gap
ZWS
9.8%
5.5%
KWR
Higher net margin
ZWS
ZWS
5.9% more per $
ZWS
10.3%
4.4%
KWR
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
-0.1%
KWR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KWR
KWR
ZWS
ZWS
Revenue
$468.5M
$407.2M
Net Profit
$20.7M
$42.1M
Gross Margin
35.3%
44.4%
Operating Margin
6.7%
14.8%
Net Margin
4.4%
10.3%
Revenue YoY
5.5%
9.8%
Net Profit YoY
45.9%
15.7%
EPS (diluted)
$1.16
$0.24

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
ZWS
ZWS
Q4 25
$468.5M
$407.2M
Q3 25
$493.8M
$455.4M
Q2 25
$483.4M
$444.5M
Q1 25
$442.9M
$388.8M
Q4 24
$444.1M
$370.7M
Q3 24
$462.3M
$410.0M
Q2 24
$463.6M
$412.0M
Q1 24
$469.8M
$373.8M
Net Profit
KWR
KWR
ZWS
ZWS
Q4 25
$20.7M
$42.1M
Q3 25
$30.5M
$61.8M
Q2 25
$-66.6M
$50.5M
Q1 25
$12.9M
$43.6M
Q4 24
$14.2M
$36.4M
Q3 24
$32.3M
$43.5M
Q2 24
$34.9M
$46.0M
Q1 24
$35.2M
$34.3M
Gross Margin
KWR
KWR
ZWS
ZWS
Q4 25
35.3%
44.4%
Q3 25
36.6%
44.1%
Q2 25
35.5%
45.5%
Q1 25
36.4%
46.6%
Q4 24
35.2%
43.5%
Q3 24
37.3%
46.2%
Q2 24
37.9%
45.2%
Q1 24
38.7%
45.5%
Operating Margin
KWR
KWR
ZWS
ZWS
Q4 25
6.7%
14.8%
Q3 25
9.4%
17.0%
Q2 25
-10.9%
17.5%
Q1 25
6.2%
16.3%
Q4 24
6.5%
13.3%
Q3 24
11.2%
17.1%
Q2 24
12.6%
17.5%
Q1 24
11.8%
14.2%
Net Margin
KWR
KWR
ZWS
ZWS
Q4 25
4.4%
10.3%
Q3 25
6.2%
13.6%
Q2 25
-13.8%
11.4%
Q1 25
2.9%
11.2%
Q4 24
3.2%
9.8%
Q3 24
7.0%
10.6%
Q2 24
7.5%
11.2%
Q1 24
7.5%
9.2%
EPS (diluted)
KWR
KWR
ZWS
ZWS
Q4 25
$1.16
$0.24
Q3 25
$1.75
$0.36
Q2 25
$-3.78
$0.29
Q1 25
$0.73
$0.26
Q4 24
$0.81
$0.21
Q3 24
$1.81
$0.25
Q2 24
$1.94
$0.27
Q1 24
$1.95
$0.19

Balance Sheet & Financial Strength

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

Metric
KWR
KWR
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$179.8M
$300.5M
Total DebtLower is stronger
$834.9M
$496.5M
Stockholders' EquityBook value
$1.4B
$1.6B
Total Assets
$2.8B
$2.7B
Debt / EquityLower = less leverage
0.61×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KWR
KWR
ZWS
ZWS
Q4 25
$179.8M
$300.5M
Q3 25
$172.0M
$260.1M
Q2 25
$201.9M
$201.9M
Q1 25
$186.2M
$144.7M
Q4 24
$188.9M
$198.0M
Q3 24
$212.1M
$187.9M
Q2 24
$188.6M
$162.7M
Q1 24
$195.8M
$157.1M
Total Debt
KWR
KWR
ZWS
ZWS
Q4 25
$834.9M
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$669.6M
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
KWR
KWR
ZWS
ZWS
Q4 25
$1.4B
$1.6B
Q3 25
$1.4B
$1.6B
Q2 25
$1.3B
$1.6B
Q1 25
$1.4B
$1.5B
Q4 24
$1.4B
$1.6B
Q3 24
$1.4B
$1.6B
Q2 24
$1.4B
$1.6B
Q1 24
$1.4B
$1.6B
Total Assets
KWR
KWR
ZWS
ZWS
Q4 25
$2.8B
$2.7B
Q3 25
$2.8B
$2.7B
Q2 25
$2.8B
$2.7B
Q1 25
$2.7B
$2.6B
Q4 24
$2.6B
$2.6B
Q3 24
$2.7B
$2.7B
Q2 24
$2.7B
$2.7B
Q1 24
$2.7B
$2.7B
Debt / Equity
KWR
KWR
ZWS
ZWS
Q4 25
0.61×
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.49×
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$46.5M
$91.7M
Free Cash FlowOCF − Capex
$24.3M
FCF MarginFCF / Revenue
5.2%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
2.25×
2.18×
TTM Free Cash FlowTrailing 4 quarters
$80.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KWR
KWR
ZWS
ZWS
Q4 25
$46.5M
$91.7M
Q3 25
$51.4M
$101.3M
Q2 25
$41.6M
$110.6M
Q1 25
$-3.0M
$42.9M
Q4 24
$63.1M
$63.6M
Q3 24
$68.0M
$90.9M
Q2 24
$46.3M
$85.1M
Q1 24
$27.2M
$53.9M
Free Cash Flow
KWR
KWR
ZWS
ZWS
Q4 25
$24.3M
Q3 25
$38.0M
Q2 25
$33.6M
Q1 25
$-15.4M
Q4 24
$40.6M
Q3 24
$59.8M
Q2 24
$39.6M
Q1 24
$22.8M
FCF Margin
KWR
KWR
ZWS
ZWS
Q4 25
5.2%
Q3 25
7.7%
Q2 25
7.0%
Q1 25
-3.5%
Q4 24
9.1%
Q3 24
12.9%
Q2 24
8.6%
Q1 24
4.8%
Capex Intensity
KWR
KWR
ZWS
ZWS
Q4 25
4.7%
Q3 25
2.7%
Q2 25
1.6%
Q1 25
2.8%
Q4 24
5.1%
Q3 24
1.8%
Q2 24
1.4%
Q1 24
0.9%
Cash Conversion
KWR
KWR
ZWS
ZWS
Q4 25
2.25×
2.18×
Q3 25
1.69×
1.64×
Q2 25
2.19×
Q1 25
-0.24×
0.98×
Q4 24
4.45×
1.75×
Q3 24
2.10×
2.09×
Q2 24
1.33×
1.85×
Q1 24
0.77×
1.57×

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%

ZWS
ZWS

Segment breakdown not available.

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