NewMarket (NEU) Financials

$700.26 +17.42 (+2.55%)

Closing price 05/18/2026 03:59 PM Eastern

Extended Trading

$700.69 +0.43 (+0.06%)

As of 04:22 AM Eastern

Annual Income Statements for NewMarket

This table shows NewMarket's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	239	243	191	235	254	271	191	280	389	462	419
Consolidated Net Income / (Loss)	239	243	191	235	254	271	191	280	389	462	419
Net Income / (Loss) Continuing Operations	239	243	191	235	254	271	191	280	389	462	419
Total Pre-Tax Income	339	343	315	290	332	331	248	348	489	584	561
Total Operating Income	357	355	323	293	337	312	258	355	483	590	544
Total Gross Profit	679	677	636	585	630	595	548	640	773	886	857
Total Revenue	2,141	2,049	2,198	2,290	2,190	2,011	2,356	2,765	2,698	2,787	2,725
Operating Revenue	2,141	2,049	2,198	2,290	2,190	2,011	2,356	2,765	2,698	2,787	2,725
Total Cost of Revenue	1,462	1,372	1,562	1,704	1,560	1,416	1,808	2,124	1,926	1,900	1,868
Operating Cost of Revenue	1,462	1,372	1,562	1,704	1,560	1,416	1,808	2,124	1,926	1,900	1,868
Total Operating Expenses	322	322	314	293	293	283	290	285	289	296	314
Selling, General & Admin Expense	164	162	168	152	148	143	146	145	151	171	182
Research & Development Expense	158	161	146	140	144	140	144	140	138	125	132
Total Other Income / (Expense), net	-18	-12	-7.29	-2.39	-5.73	19	-10	-7.41	5.92	-5.93	17
Interest Expense	15	17	22	27	29	26	34	43	37	57	40
Other Income / (Expense), net	-3.10	5.23	15	24	24	46	24	35	43	51	57
Income Tax Expense	100	100	125	56	77	61	57	68	100	122	142
Basic Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$27.77	$40.44	$48.22	$44.44
Weighted Average Basic Shares Outstanding	12.24M	11.83M	11.82M	11.50M	11.20M	10.92M	10.35M	9.69M	9.59M	9.52M	9.40M
Diluted Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$27.77	$40.44	$48.22	$44.44
Weighted Average Diluted Shares Outstanding	12.24M	11.83M	11.82M	11.50M	11.20M	10.92M	10.35M	9.69M	9.59M	9.52M	9.40M
Weighted Average Basic & Diluted Shares Outstanding	12.24M	11.83M	11.82M	11.50M	11.20M	10.92M	10.35M	9.69M	9.59M	9.52M	9.40M
Cash Dividends to Common per Share	$5.80	$6.40	$7.00	$7.00	$7.30	$7.60	$8.00	$8.40	$8.85	$10.00	$11.25

This table shows NewMarket's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	111	80	108	112	132	111	126	111	100	81	118
Consolidated Net Income / (Loss)	111	80	108	112	132	111	126	111	100	81	118
Net Income / (Loss) Continuing Operations	111	80	108	112	132	111	126	111	100	81	118
Total Pre-Tax Income	134	105	138	143	169	134	164	148	136	113	152
Total Operating Income	132	101	141	147	170	133	160	143	131	110	143
Total Gross Profit	202	177	216	218	244	208	236	221	210	191	221
Total Revenue	667	643	697	710	725	655	701	699	690	635	670
Operating Revenue	667	643	697	710	725	655	701	699	690	635	670
Total Cost of Revenue	465	466	480	492	481	447	465	478	481	445	449
Operating Cost of Revenue	465	466	480	492	481	447	465	478	481	445	449
Total Operating Expenses	69	76	76	72	74	75	76	78	79	81	78
Selling, General & Admin Expense	37	37	44	43	42	42	43	45	44	49	46
Research & Development Expense	32	39	31	29	32	33	33	32	35	32	32
Total Other Income / (Expense), net	2.06	3.29	-3.11	-3.96	-0.35	1.49	4.24	4.54	4.93	3.12	8.43
Interest Expense	9.22	7.11	16	16	14	12	11	11	8.37	9.88	8.77
Other Income / (Expense), net	11	10	13	12	14	13	15	15	13	13	17
Income Tax Expense	23	24	30	31	37	24	38	36	35	32	34
Basic Earnings per Share	$11.60	$8.39	$11.23	$11.63	$13.79	$11.57	$13.26	$11.84	$10.67	$8.67	$12.62
Weighted Average Basic Shares Outstanding	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M	9.43M	9.40M	9.40M	9.40M	9.20M
Diluted Earnings per Share	$11.60	$8.39	$11.23	$11.63	$13.79	$11.57	$13.26	$11.84	$10.67	$8.67	$12.62
Weighted Average Diluted Shares Outstanding	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M	9.43M	9.40M	9.40M	9.40M	9.20M
Weighted Average Basic & Diluted Shares Outstanding	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M	9.43M	9.40M	9.40M	9.40M	9.20M
Cash Dividends to Common per Share	$2.25	-	$2.50	$2.50	$2.50	-	$2.75	$2.75	$2.75	-	$3.00

This table details how cash moves in and out of NewMarket's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-9.58	99	-108	-11	71	-19	-42	-15	43	-34	0.12
Net Cash From Operating Activities	268	353	243	198	337	284	165	109	577	520	569
Net Cash From Continuing Operating Activities	268	353	243	198	337	284	165	109	577	520	569
Net Income / (Loss) Continuing Operations	239	243	191	235	254	271	191	280	389	462	419
Consolidated Net Income / (Loss)	239	243	191	235	254	271	191	280	389	462	419
Depreciation Expense	42	45	55	72	88	84	84	82	78	117	122
Non-Cash Adjustments To Reconcile Net Income	0.10	-8.24	-26	-65	-26	-27	-2.90	0.77	-10	-12	-9.50
Changes in Operating Assets and Liabilities, net	-13	73	23	-44	22	-43	-107	-254	120	-48	37
Net Cash From Investing Activities	-130	-143	-335	-60	-59	-74	-461	316	-48	-739	-291
Net Cash From Continuing Investing Activities	-130	-143	-335	-60	-59	-74	-461	316	-48	-739	-291
Purchase of Property, Plant & Equipment	-126	-143	-149	-75	-59	-93	-79	-56	-48	-57	-78
Acquisitions	0.00	0.00	-184	-	-	-	-	0.00	0.00	-681	-213
Net Cash From Financing Activities	-135	-103	-19	-145	-208	-231	255	-439	-488	186	-279
Net Cash From Continuing Financing Activities	-135	-103	-19	-145	-208	-231	255	-439	-488	186	-279
Repayment of Debt	-0.79	-2.73	-160	-1.09	-2.95	-47	-5.79	-361	-360	64	-96
Repurchase of Common Equity	-195	-36	-26	-232	0.00	-101	-196	-207	-43	-32	-77
Payment of Dividends	-71	-76	-83	-80	-82	-83	-86	-84	-85	-96	-106
Issuance of Debt	131	11	250	168	-123	0.00	543	213	0.00	250	0.00
Effect of Exchange Rate Changes	-12	-7.97	2.84	-3.58	1.66	2.33	-0.93	0.26	2.29	-1.06	1.38

This table details how cash moves in and out of NewMarket's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-28	9.38	5.13	-29	-7.32	-2.83	41	-48	32	-25	-4.44
Net Cash From Operating Activities	143	172	103	115	117	185	120	161	142	145	124
Net Cash From Continuing Operating Activities	143	172	103	115	117	185	120	161	142	145	124
Net Income / (Loss) Continuing Operations	111	80	108	112	132	111	126	111	100	81	118
Consolidated Net Income / (Loss)	111	80	108	112	132	111	126	111	100	81	118
Depreciation Expense	17	20	26	29	30	32	29	28	33	32	32
Non-Cash Adjustments To Reconcile Net Income	-2.11	-3.09	-2.73	0.85	-14	7.59	-2.37	-2.50	-2.32	-2.32	-2.49
Changes in Operating Assets and Liabilities, net	17	74	-28	-27	-32	35	-32	24	11	34	-23
Net Cash From Investing Activities	-8.79	-14	-697	-13	-14	-15	-13	-16	-20	-241	-23
Net Cash From Continuing Investing Activities	-8.79	-14	-697	-13	-14	-15	-13	-16	-20	-241	-23
Purchase of Property, Plant & Equipment	-8.79	-14	-14	-15	-14	-15	-13	-16	-20	-28	-24
Acquisitions	-	-	-684	2.45	-	-	0.00	-	-	-213	1.13
Net Cash From Financing Activities	-160	-152	601	-131	-113	-171	-68	-196	-86	71	-101
Net Cash From Continuing Financing Activities	-160	-152	601	-131	-113	-171	-68	-196	-86	71	-101
Repayment of Debt	87	-355	375	279	-280	76	-54	-150	-60	99	-53
Repurchase of Common Equity	-	-	0.00	-	-	-32	-57	-20	-	-	-126
Payment of Dividends	-22	-22	-24	-24	-24	-24	-26	-26	-26	-28	-28
Issuance of Debt	-225	225	250	-386	191	-191	69	-	-	-	106
Other Net Changes in Cash	-	-	-	-	-	-	1.95	-	-	-	-4.40

This table presents NewMarket's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,286	1,416	1,712	1,697	1,885	1,934	2,558	2,407	2,309	3,130	3,492
Total Current Assets	768	837	834	813	879	898	1,388	1,192	1,040	1,030	1,060
Cash & Equivalents	93	192	84	73	144	125	83	69	112	77	78
Accounts Receivable	288	307	335	315	336	336	392	454	432	395	422
Inventories, net	352	312	383	396	366	-	499	631	456	505	502
Prepaid Expenses	35	26	31	29	33	35	39	38	39	51	58
Plant, Property, & Equipment, net	402	504	652	644	635	665	677	660	655	735	775
Total Noncurrent Assets	115	76	226	240	370	371	493	555	615	1,365	1,657
Goodwill	11	10	144	136	132	130	128	126	125	750	941
Employee Benefit Assets	20	26	66	89	134	137	243	303	371	490	586
Other Noncurrent Operating Assets	39	11	11	9.88	105	104	123	126	119	124	130
Total Liabilities & Shareholders' Equity	1,286	1,416	1,712	1,697	1,885	1,934	2,558	2,407	2,309	3,130	3,492
Total Liabilities	899	933	1,111	1,207	1,202	1,174	1,796	1,644	1,232	1,668	1,714
Total Current Liabilities	264	295	317	271	309	312	725	424	364	374	419
Accounts Payable	129	142	159	152	179	190	246	273	231	226	238
Accrued Expenses	100	104	108	91	77	78	85	90	77	89	110
Dividends Payable	18	17	19	18	19	15	17	18	19	22	24
Current Deferred & Payable Income Tax Liabilities	13	18	16	6.43	11	3.76	4.44	16	6.13	16	17
Other Current Liabilities	5.06	14	14	4.11	23	25	23	27	31	21	30
Total Noncurrent Liabilities	635	639	794	936	893	862	1,071	1,221	868	1,293	1,295
Long-Term Debt	491	507	603	771	643	599	790	1,004	644	971	883
Other Noncurrent Operating Liabilities	144	131	191	165	250	263	281	217	224	322	412
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	388	483	602	490	683	760	762	762	1,077	1,462	1,778
Total Preferred & Common Equity	388	483	602	490	683	760	762	762	1,077	1,462	1,778
Total Common Equity	388	483	602	490	683	760	762	762	1,077	1,462	1,778
Common Stock	0.00	1.60	0.00	0.00	1.97	0.72	0.00	0.00	2.13	0.00	2.39
Retained Earnings	532	664	748	671	844	932	844	834	1,096	1,429	1,669
Accumulated Other Comprehensive Income / (Loss)	-145	-183	-146	-181	-163	-173	-82	-72	-21	33	107

This table presents NewMarket's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,337	2,351	2,366	2,290	3,157	3,150	3,166	3,233	3,195	3,234	3,504
Total Current Assets	1,174	1,132	1,140	1,066	1,119	1,115	1,138	1,124	1,068	1,101	1,065
Cash & Equivalents	72	70	131	103	117	88	80	118	70	102	73
Accounts Receivable	476	457	436	428	465	496	488	463	454	439	438
Inventories, net	592	566	537	503	494	493	534	490	495	512	495
Prepaid Expenses	34	38	36	32	44	39	35	52	49	48	58
Plant, Property, & Equipment, net	653	658	656	650	762	759	755	735	739	740	781
Total Noncurrent Assets	510	561	570	575	1,276	1,275	1,273	1,375	1,388	1,393	1,659
Goodwill	126	126	125	125	769	763	757	744	738	731	932
Employee Benefit Assets	255	311	319	323	378	385	390	503	519	527	594
Other Noncurrent Operating Assets	128	125	126	127	130	127	126	127	131	135	132
Total Liabilities & Shareholders' Equity	2,337	2,351	2,366	2,290	3,157	3,150	3,166	3,233	3,195	3,234	3,504
Total Liabilities	1,669	1,529	1,473	1,318	2,005	1,915	1,802	1,713	1,583	1,544	1,772
Total Current Liabilities	426	358	349	332	391	420	402	396	402	410	417
Accounts Payable	285	212	223	215	260	271	259	250	260	266	259
Accrued Expenses	86	72	73	72	73	85	82	70	78	83	95
Dividends Payable	19	18	19	19	21	21	21	22	21	22	25
Current Deferred & Payable Income Tax Liabilities	11	35	8.52	6.06	15	15	17	32	19	19	18
Other Current Liabilities	25	21	26	20	21	27	22	22	24	21	21
Total Noncurrent Liabilities	1,243	1,170	1,124	986	1,614	1,495	1,400	1,317	1,181	1,133	1,355
Long-Term Debt	1,009	958	916	779	1,279	1,173	1,085	991	842	783	940
Other Noncurrent Operating Liabilities	235	213	208	207	335	322	315	327	339	350	415
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	667	822	893	972	1,152	1,235	1,364	1,519	1,612	1,690	1,733
Total Preferred & Common Equity	667	822	893	972	1,152	1,235	1,364	1,519	1,612	1,690	1,733
Total Common Equity	667	822	893	972	1,152	1,235	1,364	1,519	1,612	1,690	1,733
Common Stock	0.00	0.00	0.00	1.56	1.41	2.05	3.20	0.00	0.52	1.61	0.00
Retained Earnings	816	883	947	1,037	1,180	1,267	1,376	1,476	1,542	1,616	1,634
Accumulated Other Comprehensive Income / (Loss)	-149	-62	-55	-67	-29	-34	-15	44	70	73	98

This table displays calculated financial ratios and metrics derived from NewMarket's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.33%	-4.27%	7.27%	4.15%	-4.34%	-8.19%	17.17%	17.35%	-2.40%	3.27%	-2.20%
EBITDA Growth	-0.33%	2.27%	-3.03%	-0.99%	15.34%	-1.51%	-17.10%	29.14%	27.83%	25.50%	-4.71%
EBIT Growth	-0.57%	1.80%	-6.30%	-6.02%	13.82%	-0.89%	-21.21%	38.58%	34.79%	21.88%	-6.43%
NOPAT Growth	0.64%	0.21%	-22.54%	21.42%	9.30%	-1.56%	-21.93%	43.61%	34.56%	21.59%	-13.05%
Net Income Growth	2.29%	2.03%	-21.74%	23.21%	8.33%	6.40%	-29.44%	46.43%	39.11%	18.91%	-9.44%
EPS Growth	5.82%	5.60%	-21.71%	26.49%	11.75%	8.40%	-28.13%	56.80%	45.62%	19.24%	-7.84%
Operating Cash Flow Growth	14.07%	31.87%	-31.30%	-18.49%	70.39%	-15.73%	-41.81%	-34.30%	431.05%	-9.92%	9.50%
Free Cash Flow Firm Growth	-41.34%	63.62%	-153.97%	232.36%	54.78%	130.59%	-167.84%	107.04%	1,522.96%	-159.89%	162.24%
Invested Capital Growth	15.11%	1.64%	39.66%	5.82%	-0.41%	-29.41%	72.10%	17.58%	-5.09%	46.04%	9.69%
Revenue Q/Q Growth	-3.13%	1.09%	2.73%	-0.94%	-0.18%	-0.33%	2.11%	3.99%	-1.43%	0.41%	-0.70%
EBITDA Q/Q Growth	-1.27%	-0.43%	1.55%	2.95%	-0.53%	1.81%	-10.33%	19.72%	-1.09%	6.44%	-3.07%
EBIT Q/Q Growth	-1.58%	-0.83%	0.60%	2.92%	-1.68%	2.56%	-13.09%	25.36%	-1.29%	5.63%	-3.67%
NOPAT Q/Q Growth	-0.27%	-4.97%	-16.50%	34.73%	-5.78%	6.22%	-18.48%	32.71%	-3.44%	7.31%	-6.95%
Net Income Q/Q Growth	0.79%	-3.27%	-17.92%	33.37%	-4.76%	6.61%	-20.65%	35.55%	-2.53%	7.02%	-6.57%
EPS Q/Q Growth	1.73%	-3.07%	-17.88%	34.26%	-4.54%	7.32%	-19.79%	36.19%	-1.87%	7.06%	-6.13%
Operating Cash Flow Q/Q Growth	2.45%	4.21%	-10.64%	19.09%	2.18%	-11.28%	-22.32%	199.39%	15.86%	2.69%	-6.58%
Free Cash Flow Firm Q/Q Growth	-31.55%	10.55%	-55.15%	121.02%	-17.22%	181.75%	-417.08%	147.33%	33.39%	1.76%	-59.53%
Invested Capital Q/Q Growth	1.75%	-2.63%	-1.29%	-3.76%	-0.67%	-31.25%	8.32%	5.67%	-2.38%	-0.54%	9.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.72%	33.04%	28.95%	25.57%	28.76%	29.59%	23.25%	23.17%	28.63%	31.81%	31.46%
EBITDA Margin	18.49%	19.76%	17.86%	16.98%	20.47%	21.96%	15.54%	17.10%	22.40%	27.22%	26.52%
Operating Margin	16.66%	17.31%	14.68%	12.78%	15.40%	15.51%	10.94%	12.85%	17.90%	21.17%	19.95%
EBIT Margin	16.52%	17.57%	15.34%	13.85%	16.47%	17.78%	11.96%	14.12%	19.50%	23.02%	22.03%
Profit (Net Income) Margin	11.15%	11.88%	8.67%	10.25%	11.61%	13.45%	8.10%	10.11%	14.41%	16.59%	15.37%
Tax Burden Percent	70.39%	70.93%	60.39%	80.86%	76.69%	81.67%	77.12%	80.39%	79.53%	79.17%	74.70%
Interest Burden Percent	95.86%	95.34%	93.52%	91.57%	91.90%	92.64%	87.86%	89.05%	92.90%	91.06%	93.39%
Effective Tax Rate	29.61%	29.07%	39.61%	19.14%	23.31%	18.33%	22.88%	19.61%	20.47%	20.83%	25.30%
Return on Invested Capital (ROIC)	33.48%	31.09%	19.94%	20.18%	21.50%	24.86%	17.24%	17.99%	22.98%	23.32%	16.29%
ROIC Less NNEP Spread (ROIC-NNEP)	29.87%	28.90%	18.93%	19.87%	20.78%	30.12%	15.23%	17.27%	23.61%	22.68%	17.74%
Return on Net Nonoperating Assets (RNNOA)	25.54%	24.82%	15.18%	22.83%	21.86%	12.64%	7.85%	18.68%	19.30%	13.11%	9.56%
Return on Equity (ROE)	59.02%	55.91%	35.12%	43.01%	43.36%	37.50%	25.09%	36.67%	42.28%	36.43%	25.85%
Cash Return on Invested Capital (CROIC)	19.43%	29.46%	-13.16%	14.52%	21.91%	59.35%	-35.76%	1.83%	28.21%	-14.10%	7.05%
Operating Return on Assets (OROA)	28.09%	26.64%	21.56%	18.60%	20.14%	18.73%	12.54%	15.73%	22.32%	23.59%	18.13%
Return on Assets (ROA)	18.95%	18.01%	12.18%	13.77%	14.20%	14.17%	8.50%	11.26%	16.49%	17.01%	12.65%
Return on Common Equity (ROCE)	59.02%	55.91%	35.12%	43.01%	43.36%	37.50%	25.09%	36.67%	42.28%	36.43%	25.85%
Return on Equity Simple (ROE_SIMPLE)	61.56%	50.38%	31.66%	47.91%	37.23%	35.61%	25.05%	36.67%	36.10%	31.64%	0.00%
Net Operating Profit after Tax (NOPAT)	251	252	195	237	259	255	199	285	384	467	406
NOPAT Margin	11.73%	12.28%	8.87%	10.34%	11.81%	12.66%	8.44%	10.33%	14.24%	16.76%	14.90%
Net Nonoperating Expense Percent (NNEP)	3.61%	2.19%	1.01%	0.31%	0.71%	-5.26%	2.01%	0.72%	-0.63%	0.64%	-1.44%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.16%	22.33%	19.20%	15.26%
Cost of Revenue to Revenue	68.28%	66.96%	71.05%	74.43%	71.24%	70.41%	76.75%	76.83%	71.37%	68.19%	68.54%
SG&A Expenses to Revenue	7.66%	7.89%	7.63%	6.66%	6.76%	7.10%	6.20%	5.25%	5.61%	6.15%	6.66%
R&D to Revenue	7.39%	7.85%	6.64%	6.13%	6.60%	6.98%	6.11%	5.07%	5.11%	4.48%	4.85%
Operating Expenses to Revenue	15.06%	15.73%	14.27%	12.78%	13.36%	14.08%	12.31%	10.32%	10.73%	10.63%	11.51%
Earnings before Interest and Taxes (EBIT)	354	360	337	317	361	358	282	390	526	641	600
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	396	405	393	389	448	442	366	473	604	758	723
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.97	8.94	6.85	8.53	7.21	5.28	4.52	3.88	4.77	3.47	3.63
Price to Tangible Book Value (P/TBV)	10.26	9.14	9.01	11.82	8.93	6.37	5.43	4.64	5.40	7.13	7.72
Price to Revenue (P/Rev)	1.80	2.11	1.87	1.83	2.25	2.00	1.46	1.07	1.91	1.82	2.37
Price to Earnings (P/E)	16.19	17.74	21.62	17.81	19.36	14.84	18.04	10.57	13.22	10.96	15.42
Dividend Yield	1.80%	1.76%	2.01%	1.91%	1.66%	2.07%	2.47%	2.81%	1.65%	1.89%	1.64%
Earnings Yield	6.18%	5.64%	4.63%	5.61%	5.16%	6.74%	5.54%	9.46%	7.56%	9.12%	6.48%
Enterprise Value to Invested Capital (EV/IC)	5.31	5.68	4.07	4.05	4.52	5.29	2.83	2.27	3.49	2.51	2.79
Enterprise Value to Revenue (EV/Rev)	1.99	2.26	2.11	2.13	2.48	2.23	1.75	1.41	2.10	2.14	2.67
Enterprise Value to EBITDA (EV/EBITDA)	10.76	11.45	11.81	12.55	12.09	10.16	11.26	8.23	9.39	7.86	10.05
Enterprise Value to EBIT (EV/EBIT)	12.05	12.87	13.75	15.39	15.03	12.55	14.63	9.96	10.78	9.30	12.10
Enterprise Value to NOPAT (EV/NOPAT)	16.97	18.42	23.79	20.62	20.96	17.62	20.74	13.62	14.77	12.77	17.88
Enterprise Value to Operating Cash Flow (EV/OCF)	15.90	13.11	19.10	24.65	16.08	15.79	24.94	35.81	9.84	11.48	12.77
Enterprise Value to Free Cash Flow (EV/FCFF)	29.24	19.44	0.00	28.65	20.57	7.38	0.00	133.88	12.03	0.00	41.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.27	1.05	1.00	1.57	0.94	0.79	1.49	1.32	0.60	0.66	0.50
Long-Term Debt to Equity	1.27	1.05	1.00	1.57	0.94	0.79	1.04	1.32	0.60	0.66	0.50
Financial Leverage	0.86	0.86	0.80	1.15	1.05	0.42	0.52	1.08	0.82	0.58	0.54
Leverage Ratio	3.11	3.10	2.88	3.12	3.05	2.65	2.95	3.26	2.56	2.14	2.04
Compound Leverage Factor	2.99	2.96	2.70	2.86	2.81	2.45	2.59	2.90	2.38	1.95	1.91
Debt to Total Capital	55.88%	51.21%	50.05%	61.15%	48.49%	44.08%	59.92%	56.83%	37.41%	39.92%	33.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.38%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.88%	51.21%	50.05%	61.15%	48.49%	44.08%	41.54%	56.83%	37.41%	39.92%	33.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	44.12%	48.79%	49.95%	38.85%	51.51%	55.92%	40.08%	43.17%	62.60%	60.08%	66.81%
Debt to EBITDA	1.24	1.25	1.54	1.98	1.43	1.36	3.11	2.12	1.07	1.28	1.22
Net Debt to EBITDA	1.00	0.78	1.32	1.80	1.11	1.07	1.86	1.98	0.88	1.18	1.12
Long-Term Debt to EBITDA	1.24	1.25	1.54	1.98	1.43	1.36	2.16	2.12	1.07	1.28	1.22
Debt to NOPAT	1.96	2.02	3.09	3.26	2.49	2.35	5.73	3.52	1.68	2.08	2.17
Net Debt to NOPAT	1.58	1.25	2.66	2.95	1.93	1.86	3.42	3.28	1.38	1.91	1.98
Long-Term Debt to NOPAT	1.96	2.02	3.09	3.26	2.49	2.35	3.97	3.52	1.68	2.08	2.17
Altman Z-Score	6.20	6.18	5.13	4.98	5.24	4.74	3.21	3.63	5.44	4.28	4.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.91	2.84	2.63	3.00	2.85	2.87	1.91	2.81	2.85	2.75	2.53
Quick Ratio	1.45	1.69	1.32	1.43	1.55	1.48	1.17	1.23	1.49	1.26	1.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	146	238	-129	170	264	608	-412	29	471	-282	176
Operating Cash Flow to CapEx	211.88%	247.37%	163.26%	265.16%	567.37%	387.57%	209.46%	193.38%	1,194.42%	906.49%	732.86%
Free Cash Flow to Firm to Interest Expense	9.95	14.21	-5.89	6.37	9.02	23.09	-12.05	0.68	12.62	-4.92	4.43
Operating Cash Flow to Interest Expense	18.29	21.06	11.11	7.41	11.53	10.79	4.83	2.54	15.44	9.06	14.33
Operating Cash Flow Less CapEx to Interest Expense	9.66	12.54	4.30	4.61	9.50	8.01	2.53	1.23	14.15	8.06	12.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.70	1.52	1.41	1.34	1.22	1.05	1.05	1.11	1.14	1.02	0.82
Accounts Receivable Turnover	7.25	6.89	6.85	7.04	6.73	5.98	6.47	6.54	6.09	6.73	6.67
Inventory Turnover	4.18	4.14	4.50	4.37	4.09	0.00	0.00	3.76	3.54	3.95	3.71
Fixed Asset Turnover	6.03	4.52	3.80	3.53	3.42	3.09	3.51	4.14	4.10	4.01	3.61
Accounts Payable Turnover	10.97	10.14	10.37	10.96	9.45	7.68	8.29	8.18	7.64	8.32	8.05
Days Sales Outstanding (DSO)	50.36	52.97	53.31	51.82	54.22	61.01	56.40	55.81	59.92	54.22	54.75
Days Inventory Outstanding (DIO)	87.40	88.19	81.16	83.46	89.15	0.00	0.00	97.07	103.06	92.36	98.46
Days Payable Outstanding (DPO)	33.26	35.99	35.20	33.31	38.64	47.52	44.00	44.62	47.80	43.89	45.36
Cash Conversion Cycle (CCC)	104.50	105.18	99.27	101.98	104.73	13.48	12.40	108.26	115.19	102.68	107.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	803	816	1,139	1,206	1,201	848	1,459	1,715	1,628	2,377	2,608
Invested Capital Turnover	2.85	2.53	2.25	1.95	1.82	1.96	2.04	1.74	1.61	1.39	1.09
Increase / (Decrease) in Invested Capital	105	13	324	66	-4.93	-353	611	256	-87	749	230
Enterprise Value (EV)	4,261	4,634	4,637	4,879	5,422	4,488	4,123	3,889	5,673	5,963	7,264
Market Capitalization	3,864	4,319	4,118	4,181	4,924	4,014	3,443	2,954	5,142	5,070	6,458
Book Value per Share	$32.33	$40.79	$50.76	$42.96	$61.05	$69.57	$71.65	$77.23	$112.31	$152.33	$189.23
Tangible Book Value per Share	$31.42	$39.90	$38.58	$31.03	$49.26	$57.67	$59.64	$64.46	$99.31	$74.12	$89.08
Total Capital	878	991	1,205	1,261	1,326	1,359	1,901	1,766	1,721	2,433	2,662
Total Debt	491	507	603	771	643	599	1,139	1,004	644	971	883
Total Long-Term Debt	491	507	603	771	643	599	790	1,004	644	971	883
Net Debt	397	315	519	698	499	474	680	935	532	894	806
Capital Expenditures (CapEx)	126	143	149	75	59	73	79	56	48	57	78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	411	350	433	469	426	460	553	700	563	578	563
Debt-free Net Working Capital (DFNWC)	505	542	517	542	571	586	1,013	768	675	655	640
Net Working Capital (NWC)	505	542	517	542	571	586	663	768	675	655	640
Net Nonoperating Expense (NNE)	12	8.19	4.40	1.93	4.39	-16	7.89	5.95	-4.71	4.69	-13
Net Nonoperating Obligations (NNO)	415	333	538	716	518	88	697	953	551	916	830
Total Depreciation and Amortization (D&A)	42	45	55	72	88	84	84	82	78	117	122
Debt-free, Cash-free Net Working Capital to Revenue	19.21%	17.08%	19.68%	20.49%	19.45%	22.90%	23.48%	25.30%	20.88%	20.73%	20.65%
Debt-free Net Working Capital to Revenue	23.58%	26.46%	23.51%	23.68%	26.05%	29.12%	42.97%	27.79%	25.03%	23.51%	23.50%
Net Working Capital to Revenue	23.58%	26.46%	23.51%	23.68%	26.05%	29.12%	28.14%	27.79%	25.03%	23.51%	23.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$27.77	$40.44	$48.22	$44.44
Adjusted Weighted Average Basic Shares Outstanding	11.85M	11.85M	11.78M	11.18M	11.19M	10.92M	10.35M	9.69M	9.59M	9.52M	9.40M
Adjusted Diluted Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$27.77	$40.44	$48.22	$44.44
Adjusted Weighted Average Diluted Shares Outstanding	11.85M	11.85M	11.78M	11.18M	11.19M	10.92M	10.35M	9.69M	9.59M	9.52M	9.40M
Adjusted Basic & Diluted Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.85M	11.85M	11.78M	11.18M	11.19M	10.92M	10.35M	9.69M	9.59M	9.52M	9.40M
Normalized Net Operating Profit after Tax (NOPAT)	251	252	195	237	259	255	199	285	384	467	406
Normalized NOPAT Margin	11.73%	12.28%	8.87%	10.34%	11.81%	12.66%	8.44%	10.33%	14.24%	16.76%	14.90%
Pre Tax Income Margin	15.83%	16.75%	14.35%	12.68%	15.14%	16.47%	10.51%	12.58%	18.12%	20.96%	20.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.13	21.45	15.43	11.86	12.34	13.58	8.23	9.13	14.09	11.18	15.12
NOPAT to Interest Expense	17.14	14.99	8.92	8.86	8.85	9.67	5.81	6.68	10.28	8.14	10.23
EBIT Less CapEx to Interest Expense	15.50	12.94	8.63	9.07	10.31	10.80	5.93	7.82	12.80	10.18	13.17
NOPAT Less CapEx to Interest Expense	8.50	6.48	2.11	6.06	6.81	6.89	3.50	5.36	8.99	7.14	8.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.66%	31.15%	43.51%	34.27%	32.12%	30.83%	45.00%	30.14%	21.87%	20.74%	25.30%
Augmented Payout Ratio	111.35%	45.86%	57.15%	133.11%	32.12%	68.32%	147.78%	104.36%	32.89%	27.64%	43.74%

This table displays calculated financial ratios and metrics derived from NewMarket's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	9,198,019.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	9,198,019.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	12.84
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.15%	-5.74%	-0.86%	3.66%	8.66%	1.76%	0.60%	-1.65%	-4.78%	-2.94%	-4.46%
EBITDA Growth	47.28%	-4.81%	14.67%	21.27%	32.51%	34.74%	13.64%	-0.70%	-16.90%	-12.85%	-5.65%
EBIT Growth	62.01%	-5.82%	12.82%	17.74%	27.57%	30.57%	14.00%	-0.30%	-21.46%	-15.67%	-8.23%
NOPAT Growth	76.79%	-14.93%	12.99%	15.58%	21.04%	40.61%	11.37%	-6.00%	-27.13%	-27.82%	-9.12%
Net Income Growth	75.95%	-11.17%	10.40%	12.04%	18.94%	37.72%	16.91%	-0.34%	-24.22%	-26.60%	-6.26%
EPS Growth	83.54%	-8.41%	11.30%	12.26%	18.88%	37.90%	18.08%	1.81%	-22.63%	-25.06%	-4.83%
Operating Cash Flow Growth	1,799.50%	85.20%	-6.44%	-24.60%	-18.40%	7.94%	16.99%	40.11%	22.18%	-21.63%	3.09%
Free Cash Flow Firm Growth	130.37%	200.20%	-413.94%	-1,797.16%	-1,005.87%	-487.36%	109.08%	108.47%	116.00%	76.35%	-318.12%
Invested Capital Growth	2.74%	-5.09%	35.23%	38.01%	43.34%	46.04%	3.32%	2.69%	0.09%	9.69%	8.71%
Revenue Q/Q Growth	-2.62%	-3.57%	8.30%	1.94%	2.07%	-9.70%	7.07%	-0.35%	-1.17%	-7.95%	5.40%
EBITDA Q/Q Growth	3.61%	-17.87%	35.64%	5.06%	13.21%	-16.49%	14.40%	-8.19%	-5.26%	-12.42%	23.86%
EBIT Q/Q Growth	6.47%	-22.25%	37.25%	3.62%	15.37%	-20.42%	19.82%	-9.38%	-9.11%	-14.55%	30.39%
NOPAT Q/Q Growth	10.37%	-28.90%	41.44%	4.13%	15.59%	-17.41%	12.04%	-12.12%	-10.39%	-18.20%	41.08%
Net Income Q/Q Growth	11.67%	-27.72%	33.98%	3.61%	18.55%	-16.31%	13.74%	-11.68%	-9.87%	-18.93%	45.25%
EPS Q/Q Growth	11.97%	-27.67%	33.85%	3.56%	18.57%	-16.10%	14.61%	-10.71%	-9.88%	-18.74%	45.56%
Operating Cash Flow Q/Q Growth	-6.33%	20.15%	-40.07%	11.79%	1.38%	58.93%	-35.05%	33.88%	-11.59%	1.94%	-14.56%
Free Cash Flow Firm Q/Q Growth	333.08%	153.60%	-401.67%	-6.40%	-11.29%	-8.44%	107.07%	-0.68%	110.11%	-260.35%	34.81%
Invested Capital Q/Q Growth	-1.72%	-2.38%	43.50%	0.25%	2.07%	-0.54%	1.52%	-0.36%	-0.50%	9.00%	0.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.23%	27.53%	31.05%	30.76%	33.64%	31.72%	33.67%	31.63%	30.37%	30.02%	32.98%
EBITDA Margin	24.10%	20.53%	25.71%	26.50%	29.39%	27.18%	29.05%	26.76%	25.65%	24.41%	28.68%
Operating Margin	19.85%	15.75%	20.21%	20.69%	23.38%	20.28%	22.81%	20.49%	18.93%	17.32%	21.39%
EBIT Margin	21.54%	17.37%	22.01%	22.37%	25.29%	22.29%	24.94%	22.68%	20.86%	19.36%	23.95%
Profit (Net Income) Margin	16.68%	12.50%	15.46%	15.72%	18.25%	16.92%	17.97%	15.93%	14.53%	12.79%	17.63%
Tax Burden Percent	82.72%	76.86%	78.24%	78.06%	78.22%	82.49%	76.75%	75.32%	73.94%	71.84%	77.85%
Interest Burden Percent	93.58%	93.64%	89.79%	89.99%	92.28%	92.02%	93.88%	93.22%	94.18%	91.97%	94.53%
Effective Tax Rate	17.28%	23.14%	21.76%	21.94%	21.78%	17.51%	23.25%	24.68%	26.06%	28.16%	22.15%
Return on Invested Capital (ROIC)	27.32%	19.54%	20.95%	21.73%	25.02%	23.28%	20.57%	18.08%	16.06%	13.60%	17.81%
ROIC Less NNEP Spread (ROIC-NNEP)	27.52%	19.88%	20.72%	21.41%	24.99%	23.44%	20.88%	18.44%	16.48%	13.86%	18.54%
Return on Net Nonoperating Assets (RNNOA)	27.73%	16.25%	21.93%	19.22%	18.41%	13.54%	16.24%	12.30%	9.33%	7.47%	10.18%
Return on Equity (ROE)	55.05%	35.79%	42.88%	40.96%	43.43%	36.82%	36.81%	30.38%	25.39%	21.07%	27.99%
Cash Return on Invested Capital (CROIC)	21.48%	28.21%	-10.42%	-11.52%	-14.17%	-14.10%	16.93%	17.26%	18.16%	7.05%	7.34%
Operating Return on Assets (OROA)	25.49%	19.88%	21.52%	22.04%	25.72%	22.84%	21.78%	19.87%	17.89%	15.94%	19.16%
Return on Assets (ROA)	19.73%	14.30%	15.12%	15.48%	18.57%	17.33%	15.69%	13.95%	12.46%	10.53%	14.10%
Return on Common Equity (ROCE)	55.05%	35.79%	42.88%	40.96%	43.43%	36.82%	36.81%	30.38%	25.39%	21.07%	27.99%
Return on Equity Simple (ROE_SIMPLE)	41.05%	0.00%	34.63%	33.27%	31.67%	0.00%	31.63%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	110	78	110	115	133	110	123	108	97	79	112
NOPAT Margin	16.42%	12.11%	15.81%	16.15%	18.29%	16.73%	17.50%	15.44%	14.00%	12.44%	16.65%
Net Nonoperating Expense Percent (NNEP)	-0.21%	-0.34%	0.23%	0.32%	0.03%	-0.17%	-0.31%	-0.36%	-0.42%	-0.26%	-0.73%
Return On Investment Capital (ROIC_SIMPLE)	-	4.53%	-	-	-	4.50%	4.89%	4.39%	3.91%	2.97%	4.17%
Cost of Revenue to Revenue	69.77%	72.47%	68.95%	69.24%	66.36%	68.28%	66.33%	68.37%	69.63%	69.98%	67.02%
SG&A Expenses to Revenue	5.60%	5.72%	6.37%	6.03%	5.81%	6.43%	6.13%	6.50%	6.37%	7.75%	6.87%
R&D to Revenue	4.78%	6.06%	4.48%	4.04%	4.44%	5.02%	4.73%	4.63%	5.07%	4.96%	4.72%
Operating Expenses to Revenue	10.38%	11.78%	10.85%	10.07%	10.25%	11.45%	10.86%	11.14%	11.44%	12.71%	11.59%
Earnings before Interest and Taxes (EBIT)	144	112	153	159	183	146	175	158	144	123	160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	161	132	179	188	213	178	204	187	177	155	192
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.41	4.77	5.26	4.00	3.88	3.47	3.55	4.04	4.60	3.63	3.48
Price to Tangible Book Value (P/TBV)	5.06	5.40	15.80	10.48	8.72	7.13	6.96	7.46	8.12	7.72	7.53
Price to Revenue (P/Rev)	1.57	1.91	2.25	1.82	1.91	1.82	1.93	2.35	2.84	2.37	2.24
Price to Earnings (P/E)	10.75	13.22	15.18	12.04	12.25	10.96	11.23	13.57	17.36	15.42	14.66
Dividend Yield	1.95%	1.65%	1.46%	1.84%	1.77%	1.89%	1.81%	1.52%	1.30%	1.64%	1.79%
Earnings Yield	9.30%	7.56%	6.59%	8.31%	8.16%	9.12%	8.91%	7.37%	5.76%	6.48%	6.82%
Enterprise Value to Invested Capital (EV/IC)	2.98	3.49	3.09	2.58	2.64	2.51	2.60	3.03	3.54	2.79	2.63
Enterprise Value to Revenue (EV/Rev)	1.81	2.10	2.68	2.22	2.27	2.14	2.25	2.62	3.08	2.67	2.56
Enterprise Value to EBITDA (EV/EBITDA)	8.13	9.39	11.51	9.14	8.84	7.86	8.01	9.33	11.35	10.05	9.69
Enterprise Value to EBIT (EV/EBIT)	9.31	10.78	13.28	10.62	10.37	9.30	9.45	11.00	13.58	12.10	11.76
Enterprise Value to NOPAT (EV/NOPAT)	12.48	14.77	18.19	14.63	14.47	12.77	13.07	15.43	19.39	17.88	17.44
Enterprise Value to Operating Cash Flow (EV/OCF)	9.97	9.84	12.67	11.33	12.45	11.48	11.67	12.50	13.90	12.77	12.03
Enterprise Value to Free Cash Flow (EV/FCFF)	14.05	12.03	0.00	0.00	0.00	0.00	15.59	17.80	19.49	41.33	37.26
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	0.60	1.11	0.95	0.80	0.66	0.65	0.52	0.46	0.50	0.54
Long-Term Debt to Equity	0.80	0.60	1.11	0.95	0.80	0.66	0.65	0.52	0.46	0.50	0.54
Financial Leverage	1.01	0.82	1.06	0.90	0.74	0.58	0.78	0.67	0.57	0.54	0.55
Leverage Ratio	2.82	2.56	2.79	2.59	2.34	2.14	2.39	2.23	2.10	2.04	2.07
Compound Leverage Factor	2.64	2.40	2.51	2.33	2.16	1.97	2.25	2.08	1.97	1.88	1.96
Debt to Total Capital	44.50%	37.41%	52.61%	48.70%	44.30%	39.92%	39.46%	34.31%	31.66%	33.19%	35.16%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	44.50%	37.41%	52.61%	48.70%	44.30%	39.92%	39.46%	34.31%	31.66%	33.19%	35.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.50%	62.60%	47.39%	51.30%	55.70%	60.08%	60.54%	65.69%	68.34%	66.81%	64.84%
Debt to EBITDA	1.28	1.07	2.04	1.78	1.52	1.28	1.27	1.08	1.05	1.22	1.32
Net Debt to EBITDA	1.11	0.88	1.85	1.64	1.41	1.18	1.11	0.99	0.91	1.12	1.22
Long-Term Debt to EBITDA	1.28	1.07	2.04	1.78	1.52	1.28	1.27	1.08	1.05	1.22	1.32
Debt to NOPAT	1.96	1.68	3.22	2.84	2.49	2.08	2.07	1.78	1.79	2.17	2.38
Net Debt to NOPAT	1.70	1.38	2.93	2.63	2.31	1.91	1.82	1.63	1.56	1.98	2.19
Long-Term Debt to NOPAT	1.96	1.68	3.22	2.84	2.49	2.08	2.07	1.78	1.79	2.17	2.38
Altman Z-Score	4.37	4.85	3.63	3.41	3.72	3.76	3.84	4.43	4.98	4.05	3.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.21	2.85	2.86	2.66	2.83	2.75	2.84	2.66	2.68	2.53	2.55
Quick Ratio	1.60	1.49	1.49	1.39	1.41	1.26	1.47	1.30	1.32	1.19	1.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	65	165	-498	-530	-590	-640	45	45	94	-151	-99
Operating Cash Flow to CapEx	1,625.42%	1,271.16%	758.18%	768.01%	822.70%	1,267.10%	924.35%	989.48%	700.00%	518.49%	509.23%
Free Cash Flow to Firm to Interest Expense	7.06	23.24	-31.84	-33.33	-41.68	-54.96	4.23	4.19	11.27	-15.32	-11.25
Operating Cash Flow to Interest Expense	15.49	24.14	6.57	7.23	8.23	15.91	11.24	15.00	17.01	14.69	14.14
Operating Cash Flow Less CapEx to Interest Expense	14.54	22.24	5.70	6.29	7.23	14.65	10.03	13.49	14.58	11.85	11.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.18	1.14	0.98	0.99	1.02	1.02	0.87	0.88	0.86	0.82	0.80
Accounts Receivable Turnover	6.06	6.09	5.84	5.83	6.06	6.73	6.01	5.86	5.92	6.67	5.97
Inventory Turnover	3.58	3.54	3.59	3.70	3.70	3.95	3.83	3.79	3.57	3.71	3.76
Fixed Asset Turnover	4.20	4.10	3.79	3.84	3.95	4.01	3.73	3.71	3.67	3.61	3.56
Accounts Payable Turnover	7.84	7.64	8.04	7.71	8.09	8.32	7.39	7.04	7.12	8.05	7.28
Days Sales Outstanding (DSO)	60.25	59.92	62.49	62.58	60.19	54.22	60.69	62.34	61.60	54.75	61.09
Days Inventory Outstanding (DIO)	101.88	103.06	101.70	98.74	98.68	92.36	95.21	96.34	102.14	98.46	97.05
Days Payable Outstanding (DPO)	46.55	47.80	45.37	47.33	45.12	43.89	49.40	51.83	51.25	45.36	50.11
Cash Conversion Cycle (CCC)	115.58	115.19	118.82	113.98	113.75	102.68	106.50	106.85	112.49	107.85	108.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,668	1,628	2,336	2,342	2,390	2,377	2,413	2,405	2,393	2,608	2,624
Invested Capital Turnover	1.66	1.61	1.33	1.35	1.37	1.39	1.18	1.17	1.15	1.09	1.07
Increase / (Decrease) in Invested Capital	44	-87	609	645	723	749	77	63	2.22	230	210
Enterprise Value (EV)	4,965	5,673	7,220	6,032	6,300	5,963	6,268	7,289	8,463	7,264	6,890
Market Capitalization	4,289	5,142	6,058	4,947	5,295	5,070	5,395	6,518	7,782	6,458	6,023
Book Value per Share	$101.36	$112.31	$120.10	$128.76	$142.20	$152.33	$159.53	$170.83	$179.89	$189.23	$184.37
Tangible Book Value per Share	$88.36	$99.31	$39.96	$49.18	$63.29	$74.12	$81.41	$92.62	$102.05	$89.08	$85.14
Total Capital	1,751	1,721	2,432	2,408	2,449	2,433	2,510	2,454	2,474	2,662	2,672
Total Debt	779	644	1,279	1,173	1,085	971	991	842	783	883	940
Total Long-Term Debt	779	644	1,279	1,173	1,085	971	991	842	783	883	940
Net Debt	677	532	1,162	1,085	1,005	894	872	772	681	806	866
Capital Expenditures (CapEx)	8.79	14	14	15	14	15	13	16	20	28	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	631	563	611	608	655	578	609	595	588	563	574
Debt-free Net Working Capital (DFNWC)	733	675	729	696	736	655	728	666	691	640	648
Net Working Capital (NWC)	733	675	729	696	736	655	728	666	691	640	648
Net Nonoperating Expense (NNE)	-1.70	-2.52	2.43	3.09	0.28	-1.23	-3.26	-3.42	-3.65	-2.24	-6.56
Net Nonoperating Obligations (NNO)	696	551	1,184	1,107	1,026	916	894	793	702	830	891
Total Depreciation and Amortization (D&A)	17	20	26	29	30	32	29	28	33	32	32
Debt-free, Cash-free Net Working Capital to Revenue	23.04%	20.88%	22.71%	22.38%	23.61%	20.73%	21.83%	21.43%	21.43%	20.65%	21.32%
Debt-free Net Working Capital to Revenue	26.79%	25.03%	27.06%	25.60%	26.51%	23.51%	26.07%	23.96%	25.17%	23.50%	24.04%
Net Working Capital to Revenue	26.79%	25.03%	27.06%	25.60%	26.51%	23.51%	26.07%	23.96%	25.17%	23.50%	24.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$11.60	$8.39	$11.23	$11.63	$13.79	$11.57	$13.26	$11.84	$10.67	$8.67	$12.62
Adjusted Weighted Average Basic Shares Outstanding	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M	9.43M	9.40M	9.40M	9.40M	9.20M
Adjusted Diluted Earnings per Share	$11.60	$8.39	$11.23	$11.63	$13.79	$11.57	$13.26	$11.84	$10.67	$8.67	$12.62
Adjusted Weighted Average Diluted Shares Outstanding	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M	9.43M	9.40M	9.40M	9.40M	9.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M	9.43M	9.40M	9.40M	9.40M	9.20M
Normalized Net Operating Profit after Tax (NOPAT)	110	78	110	115	133	110	123	108	97	79	112
Normalized NOPAT Margin	16.42%	12.11%	15.81%	16.15%	18.29%	16.73%	17.50%	15.44%	14.00%	12.44%	16.65%
Pre Tax Income Margin	20.16%	16.26%	19.76%	20.13%	23.34%	20.51%	23.41%	21.14%	19.64%	17.81%	22.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.58	15.71	9.80	9.99	12.95	12.53	16.34	14.76	17.19	12.45	18.29
NOPAT to Interest Expense	11.88	10.95	7.04	7.21	9.37	9.40	11.47	10.04	11.54	8.00	12.71
EBIT Less CapEx to Interest Expense	14.63	13.82	8.93	9.05	11.95	11.27	15.12	13.24	14.76	9.62	15.51
NOPAT Less CapEx to Interest Expense	10.93	9.06	6.17	6.27	8.37	8.15	10.25	8.53	9.11	5.16	9.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.04%	21.87%	22.24%	22.17%	21.65%	20.74%	20.38%	20.79%	22.69%	25.30%	26.25%
Augmented Payout Ratio	46.00%	32.89%	25.84%	22.17%	21.65%	27.64%	38.90%	43.51%	47.04%	43.74%	61.71%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, four-year view of NewMarket (NYSE: NEU) based on quarterly income statements, cash flow statements, and balance sheets. The focus is on profitability, cash generation, and balance-sheet strength relevant to retail investors.

Net income attributable to common shareholders stayed positive across 2022–2025, with Q4 2025 posting $81,285,000 in net income.
Cash flow from operations remained positive throughout 2022–2025. In Q4 2025, net cash from continuing operating activities was $145,168,000, reflecting solid ongoing cash generation.
Long-term debt declined in 2025, moving from about $991M in 2024 to $783,104,000 by Q3 2025, signaling improved leverage and balance-sheet flexibility.
Dividends per share remained stable at $2.75 in recent quarters, indicating a steady, shareholder-friendly payout policy.
Liquidity appears solid: total current assets around $1.10B and total current liabilities near $410M in 2025 Q3, supporting a healthy working-capital position.
Revenue and margins have shown volatility. Q4 2025 revenue was $635.403M, down from Q4 2024’s $654.647M, and gross margins cooled modestly (approx. 30.0% in Q4 2025 versus ~31.7% in Q4 2024).
Investing cash flows were notably negative in 2025 due to acquisitions and capital expenditures, contributing to subordinate near-term cash flow despite positive CFO.
Earnings per share fluctuated year to year; Q4 2025 basic/diluted EPS was $8.67, down from Q4 2024’s $11.57, indicating quarterly earnings variability even as full-year profitability remains positive.
Net income margin and per-share profitability faced a compression in Q4 2025, reflecting higher costs relative to revenue in that quarter.

05/19/26 06:30 AM ETAI Generated. May Contain Errors.

NewMarket Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NewMarket's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

NewMarket's net income appears to be on an upward trend, with a most recent value of $418.75 million in 2025, rising from $238.60 million in 2015. The previous period was $462.41 million in 2024. See where experts think NewMarket is headed by visiting NewMarket's forecast page.

NewMarket's total operating income in 2025 was $543.73 million, based on the following breakdown:

Total Gross Profit: $857.40 million
Total Operating Expenses: $313.68 million

Over the last 10 years, NewMarket's total revenue changed from $2.14 billion in 2015 to $2.73 billion in 2025, a change of 27.3%.

NewMarket's total liabilities were at $1.71 billion at the end of 2025, a 2.8% increase from 2024, and a 90.7% increase since 2015.

In the past 10 years, NewMarket's cash and equivalents has ranged from $68.71 million in 2022 to $192.15 million in 2016, and is currently $77.60 million as of their latest financial filing in 2025.

Over the last 10 years, NewMarket's book value per share changed from 32.33 in 2015 to 189.23 in 2025, a change of 485.2%.

Related Companies

Financial statements for NYSE:NEU last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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NewMarket (NEU) Financials

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NewMarket (NEU) Financials

Annual Income Statements for NewMarket

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Quarterly Cash Flow Statements for NewMarket

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Quarterly Balance Sheets for NewMarket

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Quarterly Metrics And Ratios for NewMarket

Financials Breakdown Chart

Key Financial Trends

NewMarket Financials - Frequently Asked Questions

When does NewMarket's financial year end?

How has NewMarket's net income changed over the last 10 years?

What is NewMarket's operating income?

How has NewMarket's revenue changed over the last 10 years?

How much debt does NewMarket have?

How much cash does NewMarket have?

How has NewMarket's book value per share changed over the last 10 years?

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