NewMarket Corporation (NEU) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	$10.1	—	—	$702.8M	—
Q4 22	—	$9.26	—	—	$682.6M	—
Q3 22	—	$6.32	—	—	$696M	—
Q2 22	—	$6.54	—	—	$723.6M	—
Q1 22	—	$6.34	—	—	$662.6M	—
Q4 21	—	$1.65	—	—	$576.6M	—
Q3 21	—	$4.8	—	—	$622.2M	—
Q2 21	—	$4.75	—	—	$590.7M	—
Q1 21	—	$6.38	—	—	$566.6M	—
Q4 20	—	$6.12	—	—	$527.8M	—
Q2 20	—	$2.05	—	—	$410.9M	—
Q3 19	$5.93	$6.06	+2.2%	—	$555.8M	—
Q2 19	$5.16	$6.63	+28.5%	—	$563.4M	—
Q1 19	$5.81	$5.57	-4.1%	—	$536.6M	—
Q4 18	$4.66	$5.56	+19.3%	—	$538.3M	—
Q2 18	$5.68	$4.53	-20.2%	—	$599M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$44.4	—	—	$2.7B	—
FY24	—	$48.2	—	—	$2.8B	—
FY23	—	$40.4	—	—	$2.7B	—
FY22	—	$27.8	—	—	$2.8B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2B	$2.2B	$2.3B	$2.2B	$2B	$2.4B	$2.8B	$2.7B	$2.8B	$2.7B
YoY change	-4.27%	+7.27%	+4.15%	-4.34%	-8.19%	+17.2%	+17.3%	-2.4%	+3.27%	-2.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2B	2.2B	2.3B	2.2B	2B	2.4B	2.8B	2.7B	2.8B	2.7B
Cost of revenue	1.4B	1.6B	1.7B	1.6B	1.4B	1.8B	2.1B	1.9B	1.9B	1.9B
Gross profit	677.2M	636.4M	585.4M	629.9M	595M	547.7M	640.5M	772.5M	886.3M	857.4M
Gross margin	33%	28.9%	25.6%	28.8%	29.6%	23.2%	23.2%	28.6%	31.8%	31.5%
Research & development	160.8M	146M	140.3M	144.5M	140.4M	144M	140.3M	138M	124.9M	132.1M
Selling, general & administrative	161.6M	167.7M	152.4M	148.1M	142.9M	146M	145.1M	151.5M	171.4M	181.6M
Operating expenses	322.4M	313.7M	292.7M	292.5M	283.2M	289.9M	285.4M	289.5M	296.3M	313.7M
Operating income	354.8M	322.7M	292.7M	337.3M	311.8M	257.8M	355.1M	483M	590M	543.7M
Operating margin	17.3%	14.7%	12.8%	15.4%	15.5%	10.9%	12.8%	17.9%	21.2%	20%
Non-operating income, net	5.2M	14.6M	24.3M	23.5M	45.8M	24M	27.8M	43.3M	51.4M	56.5M
Pretax income	343.2M	315.4M	290.3M	331.6M	331.3M	247.6M	347.7M	489M	584.1M	560.6M
Income tax	99.8M	124.9M	55.6M	77.3M	60.7M	56.6M	68.2M	100.1M	121.7M	141.8M
Net income	243.4M	190.5M	234.7M	254.3M	270.6M	190.9M	279.5M	388.9M	462.4M	418.7M
Net margin	11.9%	8.67%	10.3%	11.6%	13.5%	8.1%	10.1%	14.4%	16.6%	15.4%
EBITDA	404.9M	392.6M	388.8M	448.4M	441.6M	366.1M	472.8M	604.3M	758.4M	722.7M
EPS	20.5	16.1	20.3	22.7	24.6	17.7	27.8	40.4	48.2	44.4
Diluted EPS	20.5	16.1	20.3	22.7	24.6	17.7	27.8	40.4	48.2	44.4

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	667.1M	643.4M	696.7M	710.2M	724.9M	654.6M	700.9M	698.5M	690.3M	635.4M	669.7M	747.1M
Cost of revenue	465.4M	466.2M	480.4M	491.8M	481.1M	447M	464.9M	477.6M	480.7M	444.6M	448.8M	504.7M
Gross profit	201.7M	177.1M	216.4M	218.5M	243.8M	207.7M	236M	221M	209.6M	190.8M	220.9M	242.4M
Gross margin	30.2%	27.5%	31.1%	30.8%	33.6%	31.7%	33.7%	31.6%	30.4%	30%	33%	32.4%
Research & development	31.9M	39M	31.2M	28.7M	32.2M	32.8M	33.2M	32.4M	35M	31.5M	31.6M	30.4M
Selling, general & administrative	37.4M	36.8M	44.4M	42.8M	42.1M	42.1M	43M	45.4M	43.9M	49.2M	46M	48.4M
Operating expenses	69.3M	75.8M	75.6M	71.5M	74.3M	74.9M	76.2M	77.8M	79M	80.8M	77.7M	78.8M
Operating income	132.4M	101.3M	140.8M	147M	169.5M	132.8M	159.9M	143.2M	130.7M	110M	143.2M	163.7M
Operating margin	19.8%	15.8%	20.2%	20.7%	23.4%	20.3%	22.8%	20.5%	18.9%	17.3%	21.4%	21.9%
Non-operating income, net	11.3M	10.4M	12.5M	12M	13.8M	13.1M	14.9M	15.3M	13.3M	13M	17.2M	15.5M
Pretax income	134.5M	104.6M	137.7M	143M	169.2M	134.2M	164.1M	147.7M	135.6M	113.2M	151.7M	170.3M
Income tax	23.2M	24.2M	30M	31.4M	36.8M	23.5M	38.2M	36.4M	35.3M	31.9M	33.6M	36.6M
Net income	111.2M	80.4M	107.7M	111.6M	132.3M	110.7M	125.9M	111.2M	100.3M	81.3M	118.1M	133.8M
Net margin	16.7%	12.5%	15.5%	15.7%	18.3%	16.9%	18%	15.9%	14.5%	12.8%	17.6%	17.9%
EBITDA	160.8M	132.1M	179.2M	188.2M	213.1M	178M	203.6M	186.9M	177.1M	155.1M	192.1M	211M
EPS	11.6	8.38	11.2	11.6	13.8	11.6	13.3	11.8	10.7	8.65	12.6	14.5
Diluted EPS	11.6	8.38	11.2	11.6	13.8	11.6	13.3	11.8	10.7	8.65	12.6	14.5

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5B	4.7B	4.8B	5.4B	4.4B	3.7B	3.1B	5.2B	5.1B	6.5B	8.4B
Enterprise value	5.3B	5.2B	5.5B	6B	4.9B	4.5B	4.2B	5.9B	6B	7.4B	9.2B
Shares outstanding	11.9M	11.8M	11.5M	11.2M	11M	10.8M	10.1M	9.6M	9.6M	9.4M	9.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20.6	24.7	20.3	21.4	16.2	19.4	11.2	13.5	11	15.5	19.3
P/S	2.45	2.14	2.08	2.48	2.17	1.57	1.13	1.95	1.82	2.38	3.06
P/B	10.4	7.83	9.71	7.97	5.76	4.85	4.11	4.87	3.47	3.64	4.56
EV/EBITDA	13.2	13.3	14	13.4	11.1	12.2	8.78	9.71	7.97	10.2	12.6
EV/Sales	2.6	2.38	2.38	2.75	2.45	1.9	1.5	2.18	2.17	2.71	3.37
Earnings yield	4.85%	4.05%	4.94%	4.67%	6.19%	5.17%	8.93%	7.41%	9.13%	6.47%	5.17%
FCF yield	4.19%	2%	2.59%	5.1%	4.36%	2.34%	1.67%	10.1%	9.12%	7.59%	5.19%
PEG	—	—	—	—	—	—	—	—	—	—	0.85

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	33%	28.9%	25.6%	28.8%	29.6%	23.2%	23.2%	28.6%	31.8%	31.5%	32.4%
Operating margin	17.3%	14.7%	12.8%	15.4%	15.5%	10.9%	12.8%	17.9%	21.2%	20%	23.9%
Net margin	11.9%	8.67%	10.3%	11.6%	13.5%	8.1%	10.1%	14.4%	16.6%	15.4%	15.8%
ROE	50.4%	31.7%	47.9%	37.2%	35.6%	25%	36.7%	36.1%	31.6%	23.5%	25.1%
ROA	17.2%	11.1%	13.8%	13.5%	14%	7.46%	11.6%	16.8%	14.8%	12%	11.1%
ROIC	31.5%	17.4%	19.9%	20.6%	19.5%	12.9%	16%	22.6%	19.1%	15.2%	15.5%
Return on tangible assets	17.4%	13.4%	16.5%	15.7%	16.2%	8.29%	13%	18.9%	28.4%	26%	24.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.84	2.63	3	2.85	2.87	1.91	2.81	2.85	2.75	2.53	2.25
Quick ratio	1.78	1.42	1.54	1.66	1.59	1.23	1.32	1.6	1.4	1.33	1.23
Debt / equity	1.05	1	1.57	1.05	0.88	1.62	1.43	0.68	0.72	0.55	0.51
Debt / assets	0.36	0.35	0.45	0.38	0.35	0.48	0.45	0.32	0.34	0.28	0.26
Net debt / EBITDA	0.78	1.32	1.8	1.27	1.24	2.11	2.16	1.03	1.29	1.24	1.15
Interest coverage	21.4	15.4	11.9	12.3	13.6	8.23	10.9	14.1	11.2	15.1	16.9
Effective tax rate	29.1%	39.6%	19.1%	23.3%	18.3%	22.9%	19.6%	20.5%	20.8%	25.3%	24.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	172.9	185.6	198.4	195.8	183.1	218.6	274.7	280.6	290.6	289.2	294.9
EPS (basic)	20.5	16.1	20.3	22.7	24.6	17.7	27.8	40.4	48.2	44.4	44.4
EPS (diluted)	20.5	16.1	20.3	22.7	24.6	17.7	27.8	40.4	48.2	44.4	47.2
Book value per share	40.8	50.8	42.5	61.1	69.2	70.7	75.7	112	152.4	188.7	199.9
FCF per share	17.8	7.94	10.7	24.8	17.4	8.02	5.21	55	48.2	52.1	51.5
Cash per share	16.2	7.1	6.33	12.9	11.4	42.6	6.83	11.6	8.08	8.24	10.2
Capex per share	—	—	0	0	1.82	0	0	—	—	8.24	10.9

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	0%	0%	0.99%	0%	0%	—	—	2.85%	3.65%
Capex / operating cash flow	—	—	0%	0%	6.38%	0%	0%	—	—	13.6%	17.4%
Payout ratio	31.1%	43.5%	34.3%	32.1%	30.8%	45%	30.1%	21.9%	20.7%	25.3%	25.3%
Dividend yield	1.51%	1.76%	1.69%	1.5%	1.91%	2.33%	2.69%	1.62%	1.89%	1.64%	1.32%

Yield

1.32%

trailing twelve months

Frequency

Quarterly

Last dividend

$3.00

ex-dividend Sep 15, 2026

Payout ratio

25%

of earnings

Dividend growth

7 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$3.00
Jun 15, 2026	$3.00
Mar 16, 2026	$3.00

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$667.1M	$643.4M	$696.7M	$710.2M	$724.9M	$654.6M	$700.9M	$698.5M	$690.3M	$635.4M	$669.7M	$747.1M
YoY change	-4.15%	-5.74%	-0.86%	+3.66%	+8.66%	+1.76%	+0.6%	-1.65%	-4.78%	-2.94%	-4.46%	+6.96%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	192.2M	84.2M	73M	144.4M	125.2M	459.2M	68.7M	111.9M	77.5M	77.6M
Receivables	266M	310.9M	276.7M	289.7M	284.8M	316.7M	384.6M	368.2M	345.8M	362.4M
Inventory	311.5M	383.1M	396.3M	365.9M	401M	498.5M	631.4M	456.2M	505.4M	502.3M
Total current assets	836.9M	833.7M	813.4M	879.4M	898.1M	1.4B	1.2B	1B	1B	1.1B
Property, plant & equipment	342.2M	481.7M	477.6M	534.2M	554M	599.5M	576.3M	574.8M	659.5M	698.3M
Goodwill & intangibles	20.9M	288.7M	272.1M	263.8M	259.9M	255.5M	252.1M	249.3M	1.5B	1.9B
Total assets	1.4B	1.7B	1.7B	1.9B	1.9B	2.6B	2.4B	2.3B	3.1B	3.5B
Accounts payable	141.9M	159.4M	151.6M	178.8M	189.9M	246.1M	273.3M	231.1M	225.9M	238.4M
Short-term debt	—	—	—	14M	13.4M	365.1M	15.6M	15.1M	15.3M	16.2M
Total current liabilities	294.6M	316.8M	271.3M	308.9M	312.5M	725.1M	423.9M	364.2M	374.5M	419.3M
Long-term debt	507.3M	602.9M	771M	700.9M	657.2M	867.5M	1.1B	718.5M	1B	960.5M
Total liabilities	933.2M	1.1B	1.2B	1.2B	1.2B	1.8B	1.6B	1.2B	1.7B	1.7B
Shareholders' equity	483.3M	601.6M	489.9M	683.1M	759.8M	762.1M	762.4M	1.1B	1.5B	1.8B
Total debt	507.3M	602.9M	771M	714.9M	670.7M	1.2B	1.1B	733.6M	1.1B	976.7M
Net debt	315.1M	518.7M	698M	570.5M	545.5M	1.1B	1B	621.7M	981.6M	899.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	77.5M	118.3M	70.3M	102.5M	77.6M	73.2M	93.6M
Receivables	—	—	—	—	—	345.8M	463.3M	453.7M	438.8M	362.4M	438.4M	480.7M
Inventory	—	—	—	—	—	505.4M	489.8M	494.8M	512.2M	502.3M	495M	523.5M
Total current assets	—	—	—	—	—	1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B
Property, plant & equipment	—	—	—	—	—	659.5M	809.8M	815.4M	818.6M	698.3M	861.1M	878.5M
Goodwill & intangibles	—	—	—	—	—	1.5B	1.5B	1.5B	1.5B	1.9B	1.9B	1.8B
Total assets	—	—	—	—	—	3.1B	3.2B	3.2B	3.2B	3.5B	3.5B	3.6B
Accounts payable	—	—	—	—	—	225.9M	249.8M	260.5M	265.8M	238.4M	258.7M	341.6M
Short-term debt	—	—	—	—	—	15.3M	16.3M	17.2M	16.9M	16.2M	16.1M	18M
Total current liabilities	—	—	—	—	—	374.5M	396.3M	402.1M	410.5M	419.3M	417.3M	510.8M
Long-term debt	828.5M	718.5M	1.3B	1.2B	1.1B	1B	1B	901.2M	845M	960.5M	1B	922M
Total liabilities	—	—	—	—	—	1.7B	1.7B	1.6B	1.5B	1.7B	1.8B	1.8B
Shareholders' equity	—	—	—	—	—	1.5B	1.5B	1.6B	1.7B	1.8B	1.7B	1.8B
Total debt	828.5M	718.5M	1.3B	1.2B	1.1B	1.1B	1.1B	918.4M	861.9M	976.7M	1B	939.9M
Net debt	—	—	—	—	—	981.6M	946.7M	848.1M	759.5M	899.1M	946.6M	846.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	243.4M	190.5M	234.7M	254.3M	270.6M	190.9M	279.5M	388.9M	462.4M	418.7M
Depreciation & amortization	44.9M	55.3M	71.8M	87.6M	84M	84.3M	82.3M	78M	117M	122.4M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	4.9M	-25.1M	-45.4M	3.5M	-41M	-114.2M	-218.4M	143M	-31.4M	25.3M
Operating cash flow	319.8M	254M	206.9M	336M	313.7M	167.5M	87.3M	585.6M	511.5M	569M
Capital expenditure	—	—	0	0	20M	0	0	—	—	-77.6M
Investing cash flow	-487K	-185.9M	14.6M	0	19.1M	-382.5M	372.1M	0	-681.5M	-291.1M
Dividends paid	-75.8M	-82.9M	-80.4M	-81.7M	-83.4M	-85.9M	-84.3M	-85M	-95.9M	-105.9M
Share repurchases	-35.8M	-26M	-232M	0	-101.4M	-196.2M	-207.5M	-42.9M	-31.9M	-77.2M
Financing cash flow	-103.4M	-19M	-145.4M	-331.5M	-276.1M	403.1M	-439.4M	-487.6M	185.8M	-279.1M
Net change in cash	216M	49.1M	76.1M	4.4M	56.6M	188.1M	20M	98M	15.9M	-1.3M
Free cash flow	210.6M	94.1M	123.3M	277.8M	190.8M	86.4M	52.5M	528.5M	462.3M	491.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	111.2M	80.4M	107.7M	111.6M	132.3M	110.7M	125.9M	111.2M	100.3M	81.3M	118.1M	133.8M
Depreciation & amortization	17.1M	20.3M	25.8M	29.3M	29.8M	32.1M	28.8M	28.5M	33.1M	32.1M	31.7M	31.8M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	123.4M	109.2M	124.3M	134.2M	157.7M	126.7M	146.9M	135.3M	142.4M	145.2M	124M	162.1M
Capital expenditure	—	—	—	—	—	—	—	—	-20.3M	-28M	-24.4M	-27.4M
Investing cash flow	0	0	-683.9M	2.4M	0	0	0	0	-20.3M	-241.4M	-23.2M	-27.4M
Dividends paid	-21.6M	-21.6M	-24M	-24M	-24M	-23.9M	-26.1M	-25.8M	-25.8M	-28.2M	-28M	-27.6M
Share repurchases	0	0	0	0	0	-31.9M	-57.1M	-20.2M	0	0	-125.6M	-861K
Financing cash flow	-159.8M	-377.1M	601.4M	-516.9M	-392.5M	19.8M	-68.5M	-126.7M	-96.9M	-129M	-100.9M	-114.2M
Net change in cash	-36.4M	-267.8M	41.7M	-380.2M	-234.7M	146.5M	78.4M	8.6M	25.2M	-225.3M	-44K	20.5M
Free cash flow	134M	158.1M	89.3M	100M	102.4M	170.6M	107.3M	144.8M	122.1M	117.2M	99.7M	134.7M

Date	Ratio
Jul 1, 2002	1:5
Mar 11, 1994	2:1
Jul 1, 1993	3:2
Jun 2, 1986	2:1
Apr 2, 1985	2:1
Apr 12, 1983	2:1

NewMarket Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history