The Filing Desk

Innospec vs Quaker Chemical

Innospec IOSP · Quaker Chemical KWR · Specialty Chemicals

Quaker Chemical reported revenue of $1.9 billion in fiscal 2025, about the same as Innospec's $1.8 billion in fiscal 2025. Innospec's revenue fell 3.6% in its latest year, and Quaker Chemical's grew 2.7%. Innospec had an operating margin of 7.3%, against 2.8% at Quaker Chemical. Free cash flow was $88 million at Innospec and $81 million at Quaker Chemical.

Side by side

InnospecQuaker Chemical
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.8B$1.9B
Revenue growth−3.6%2.7%
Revenue growth a year, last 5 years8.3%5.9%
Gross margin27.7%36.0%
Operating margin7.3%2.8%
Net margin6.6%−0.1%
Free cash flow$88M$81M
Free cash flow margin5.0%4.3%
Return on capital11.1%1.3%
Net debt to EBITDA−1.7x6.1x
Dividends and buybacks$66M$76M
Change in diluted share count−0.5%−2.2%
Last close$99.18$154.87
P/E at the last close20.2×27.6×
Insider trades, last 12 monthsbought $25,191, sold $398,854sold $207,544
Piotroski F-score6 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
InnospecQuaker Chemical
Operating margin
Percent of revenue
InnospecQuaker Chemical
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
InnospecQuaker Chemical

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Innospec and Quaker Chemical pages.