The Filing Desk

Quaker Chemical vs Minerals Technologies

Quaker Chemical KWR · Minerals Technologies MTX · Specialty Chemicals

Minerals Technologies reported revenue of $2.1 billion in fiscal 2025, about the same as Quaker Chemical's $1.9 billion in fiscal 2025. Quaker Chemical's revenue grew 2.7% in its latest year, and Minerals Technologies' fell 2.2%. Quaker Chemical had an operating margin of 2.8%, against 2.3% at Minerals Technologies. Free cash flow was $81 million at Quaker Chemical and $87 million at Minerals Technologies.

Side by side

Quaker ChemicalMinerals Technologies
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.9B$2.1B
Revenue growth2.7%−2.2%
Revenue growth a year, last 5 years5.9%5.4%
Gross margin36.0%25.0%
Operating margin2.8%2.3%
Net margin−0.1%−0.9%
Free cash flow$81M$87M
Free cash flow margin4.3%4.2%
Return on capital1.3%1.6%
Net debt to EBITDA6.1x—
Dividends and buybacks$76M$73M
Change in diluted share count−2.2%−2.8%
Last close$154.87$62.34
P/E at the last close27.6×—
Insider trades, last 12 monthssold $207,544sold $4.1 million
Piotroski F-score5 of 94 of 9
Amounts in each company's own currency, US$ 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
Quaker ChemicalMinerals Technologies
Operating margin
Percent of revenue
Quaker ChemicalMinerals Technologies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Quaker ChemicalMinerals Technologies

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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 Quaker Chemical and Minerals Technologies pages.