NYSE : NEU
NewMarket Corporation — Financial statements
Materials · Specialty Chemicals · United States
Last price 803.07 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.39B
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Financial statements
NewMarket Corporation (NEU) reported revenue of 2.77B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.77B | 2.73B | 2.79B | 2.70B | 2.76B | 2.36B |
| Cost of Revenue | 1.89B | 1.87B | 1.90B | 1.93B | 2.12B | 1.81B |
| Gross Profit | 876.45M | 857.40M | 886.35M | 772.51M | 640.50M | 547.71M |
| Selling, General & Admin | 134.95M | 128.15M | 128.26M | 114.30M | 109.52M | 119.95M |
| Research & Development | 124.05M | 132.09M | 124.90M | 138.00M | 140.25M | 143.95M |
| Operating Expenses | 259.00M | 260.24M | 253.16M | 252.30M | 249.77M | 263.90M |
| Operating Income | 617.45M | 597.16M | 633.19M | 520.22M | 390.73M | 283.81M |
| Interest Expense | -35.46M | -39.69M | -57.37M | -37.36M | -35.20M | -34.22M |
| Other Non Operating Income (Expenses) | 4.70M | 3.50M | 9.28M | 6.11M | -245.00K | 5.40M |
| EBT Excluding Unusual Items | 586.69M | 560.96M | 585.11M | 488.96M | 355.28M | 254.99M |
| Merger & Restructuring Charges | -1.00M | -1.00M | -1.00M | |||
| Gain (Loss) on Sale of Investments | -7.44M | |||||
| Other Unusual Items | 598.00K | 598.00K | -7.54M | |||
| Pretax Income | 586.29M | 560.56M | 584.11M | 488.96M | 347.73M | 247.55M |
| Income Tax Expense | 129.08M | 141.81M | 121.69M | 100.10M | 68.20M | 56.64M |
| Net Income | 457.21M | 418.75M | 462.41M | 388.86M | 279.54M | 190.91M |
| Preferred Dividends & Other Adjustments | 1.81M | 1.61M | 1.65M | 1.34M | 876.00K | 462.00K |
| Net Income to Common | 455.40M | 417.13M | 460.76M | 387.52M | 278.66M | 190.45M |
| Shares Outstanding (Basic) | 9.25M | 9.39M | 9.55M | 9.58M | 10.04M | 10.76M |
| Shares Outstanding (Diluted) | 9.25M | 9.39M | 9.55M | 9.58M | 10.04M | 10.76M |
| EPS (Basic) | 49.23 | 44.44 | 48.22 | 40.44 | 27.77 | 17.71 |
| EPS (Diluted) | 49.23 | 44.44 | 48.22 | 40.44 | 27.77 | 17.71 |
| Free Cash Flow | 383.40M | 491.33M | 462.27M | 528.53M | 52.45M | 86.40M |
| Free Cash Flow Per Share | 41.45 | 52.35 | 48.38 | 55.15 | 5.23 | 8.03 |
| Dividend Per Share | 12.00 | 11.25 | 10.00 | 8.85 | 8.40 | 8.00 |
| Gross Margin | 31.66% | 31.46% | 31.81% | 28.63% | 23.17% | 23.25% |
| Operating Margin | 22.30% | 21.91% | 22.72% | 19.28% | 14.13% | 12.05% |
| Profit Margin | 16.45% | 15.31% | 16.54% | 14.36% | 10.08% | 8.08% |
| Free Cash Flow Margin | 13.85% | 18.03% | 16.59% | 19.59% | 1.90% | 3.67% |
| EBITDA | 744.13M | 719.58M | 750.15M | 598.23M | 473.01M | 368.13M |
| EBITDA Margin | 26.88% | 26.41% | 26.92% | 22.17% | 17.11% | 15.62% |
| D&A For EBITDA | 126.67M | 122.42M | 116.96M | 78.01M | 82.28M | 84.32M |
| EBIT | 617.45M | 597.16M | 633.19M | 520.22M | 390.73M | 283.81M |
| EBIT Margin | 22.30% | 21.91% | 22.72% | 19.28% | 14.13% | 12.05% |
| Effective Tax Rate | 22.02% | 25.30% | 20.83% | 20.47% | 19.61% | 22.88% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 77.32M | 77.60M | 77.48M | 111.94M | 68.71M | 83.30M |
| Short-Term Investments | 375.92M | |||||
| Cash & Short-Term Investments | 77.32M | 77.60M | 77.48M | 111.94M | 68.71M | 459.22M |
| Accounts Receivable | 449.89M | 362.41M | 345.85M | 368.24M | 384.64M | 316.70M |
| Other Receivables | 59.67M | 49.60M | 64.11M | 69.06M | 75.08M | |
| Receivables | 449.89M | 422.08M | 395.45M | 432.35M | 453.69M | 391.78M |
| Inventory | 576.62M | 502.26M | 505.43M | 456.23M | 631.38M | 498.54M |
| Other Current Assets | 55.51M | 57.77M | 51.20M | 39.05M | 38.34M | 38.63M |
| Total Current Assets | 1.16B | 1.06B | 1.03B | 1.04B | 1.19B | 1.39B |
| Property, Plant & Equipment | 899.07M | 884.84M | 839.76M | 760.34M | 759.31M | 784.76M |
| Goodwill | 451.50M | 424.13M | 379.59M | 123.74M | 123.66M | 123.92M |
| Other Intangible Assets | 458.44M | 517.03M | 370.83M | 901.00K | 2.41M | 3.83M |
| Long-Term Deferred Tax Assets | 2.58M | 2.07M | 2.73M | 3.58M | 5.32M | |
| Long-Term Deferred Charges | 66.03M | 1.35M | 1.79M | 611.00K | 1.09M | 1.60M |
| Other Long-Term Assets | 613.96M | 602.83M | 505.95M | 380.98M | 324.65M | 250.83M |
| Total Assets | 3.65B | 3.49B | 3.13B | 2.31B | 2.41B | 2.56B |
| Accounts Payable | 298.14M | 238.38M | 225.87M | 231.14M | 273.29M | 246.10M |
| Accrued Expenses | 96.95M | 109.77M | 89.28M | 76.55M | 89.51M | 85.10M |
| Current Portion of Long-Term Debt | 349.43M | |||||
| Current Portion of Leases | 17.79M | 19.28M | 18.27M | 17.83M | 18.27M | 18.54M |
| Current Income Taxes Payable | 19.79M | 17.19M | 15.80M | 6.13M | 16.11M | 4.44M |
| Other Current Liabilities | 38.22M | 34.66M | 25.25M | 32.52M | 26.71M | 21.47M |
| Total Current Liabilities | 470.89M | 419.28M | 374.48M | 364.16M | 423.89M | 725.09M |
| Long-Term Debt | 830.05M | 883.39M | 971.28M | 643.62M | 1.00B | 789.85M |
| Long-Term Leases | 67.08M | 77.10M | 72.43M | 74.90M | 69.40M | 77.64M |
| Pension & Post-Retirement Benefits | 66.48M | 62.59M | 61.66M | 58.97M | 86.54M | |
| Long-Term Deferred Tax Liabilities | 243.76M | 162.91M | 58.66M | 61.99M | 89.44M | |
| Other Long-Term Liabilities | 350.22M | 24.21M | 24.27M | 28.81M | 26.42M | 27.75M |
| Total Liabilities | 1.72B | 1.71B | 1.67B | 1.23B | 1.64B | 1.80B |
| Common Stock | 2.00M | 2.39M | 2.13M | |||
| Retained Earnings | 1.84B | 1.67B | 1.43B | 1.10B | 834.40M | 844.36M |
| Comprehensive Income & Other | 91.91M | 106.82M | 32.87M | -21.07M | -72.00M | -82.23M |
| Shareholders' Equity | 1.93B | 1.78B | 1.46B | 1.08B | 762.41M | 762.13M |
| Total Liabilities & Equity | 3.65B | 3.49B | 3.13B | 2.31B | 2.41B | 2.56B |
| Total Debt | 914.93M | 979.77M | 1.06B | 736.35M | 1.09B | 1.24B |
| Net Cash (Debt) | -837.61M | -902.17M | -984.51M | -624.42M | -1.02B | -776.24M |
| Net Cash Per Share | -90.54 | -96.12 | -103.04 | -65.16 | -101.91 | -72.17 |
| Filing Date Shares Outstanding | 9.20M | 9.40M | 9.52M | 9.59M | 9.69M | 10.35M |
| Total Common Shares Outstanding | 9.20M | 9.40M | 9.52M | 9.59M | 9.70M | 10.36M |
| Working Capital | 688.44M | 640.43M | 655.08M | 675.41M | 768.24M | 663.09M |
| Book Value Per Share | 209.86 | 189.23 | 153.45 | 112.31 | 78.58 | 73.55 |
| Tangible Book Value | 1.02B | 837.09M | 711.16M | 952.42M | 636.34M | 634.38M |
| Tangible Book Value Per Share | 110.92 | 89.08 | 74.66 | 99.31 | 65.59 | 61.22 |
| Land | 42.00M | 37.65M | 37.23M | 37.09M | 37.75M | |
| Buildings | 186.59M | 180.24M | 185.54M | 183.03M | 185.22M | |
| Machinery | 1.49B | 1.43B | 1.33B | 1.28B | 1.28B | |
| Construction In Progress | 54.28M | 33.38M | 27.56M | 30.92M | 27.01M | |
| Leasehold Improvements | 2.73M | 2.03M | 1.84M | 1.83M | 1.89M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 457.21M | 418.75M | 462.41M | 388.86M | 279.54M | 190.91M |
| Depreciation & Amortization | 126.67M | 122.42M | 116.96M | 78.01M | 82.28M | 84.32M |
| Loss (Gain) From Sale of Investments | 2.98M | 7.44M | ||||
| Other Operating Activities | -24.81M | 5.47M | -36.45M | -24.33M | -51.54M | -977.00K |
| Change in Accounts Receivable | -10.65M | -10.65M | 36.15M | 31.59M | -73.09M | -53.99M |
| Change in Inventory | 32.77M | 32.77M | -36.54M | 192.47M | -166.56M | -96.20M |
| Change in Accounts Payable | 16.00M | 16.00M | -7.64M | -59.18M | 35.53M | 60.41M |
| Change in Income Taxes | 523.00K | 523.00K | 6.95M | -9.49M | 11.59M | 562.00K |
| Change in Other Net Operating Assets | -97.84M | -16.32M | -22.25M | -21.12M | -12.11M | -27.14M |
| Operating Cash Flow | 499.88M | 568.97M | 519.59M | 576.82M | 108.62M | 165.34M |
| Capital Expenditures | -116.47M | -77.64M | -57.32M | -48.29M | -56.17M | -78.93M |
| Cash Acquisitions | -213.45M | -213.45M | -681.48M | |||
| Investment in Securities | 372.06M | -382.48M | ||||
| Other Investing Activities | 1.16M | |||||
| Investing Cash Flow | -328.76M | -291.08M | -738.80M | -48.29M | 315.89M | -461.41M |
| Long-Term Debt Issued | 211.00M | 327.00M | 213.00M | 543.05M | ||
| Long-Term Debt Repaid | -300.00M | -361.00M | -350.00M | |||
| Net Debt Issued (Repaid) | 46.00M | -89.00M | 327.00M | -361.00M | -137.00M | 543.05M |
| Repurchase of Common Stock | -126.43M | -77.22M | -31.91M | -42.86M | -207.47M | -196.22M |
| Common Dividends Paid | -111.33M | -105.93M | -95.90M | -85.03M | -84.26M | -85.91M |
| Other Financing Activities | -5.78M | -6.99M | -13.38M | 1.30M | -10.62M | -5.79M |
| Financing Cash Flow | -197.54M | -279.14M | 185.81M | -487.59M | -439.36M | 255.13M |
| Foreign Exchange Rate Adjustments | 1.29M | 1.38M | -1.06M | 2.29M | 255.00K | -926.00K |
| Net Cash Flow | -25.14M | 122.00K | -34.46M | 43.22M | -14.59M | -41.87M |
| Free Cash Flow | 383.40M | 491.33M | 462.27M | 528.53M | 52.45M | 86.40M |
| Free Cash Flow Margin | 13.85% | 18.03% | 16.59% | 19.59% | 1.90% | 3.67% |
| Free Cash Flow Per Share | 41.45 | 52.35 | 48.38 | 55.15 | 5.23 | 8.03 |
| Levered Free Cash Flow | 353.14M | 409.96M | 406.95M | 472.00M | 104.35M | 67.55M |
| Unlevered Free Cash Flow | 375.30M | 434.77M | 442.80M | 495.35M | 126.35M | 88.93M |
| Cash Interest Paid | 38.84M | 38.84M | 55.91M | 36.64M | 40.53M | 30.46M |
| Cash Income Tax Paid | 133.09M | 133.09M | 119.53M | 132.93M | 88.87M | 67.92M |
| Change in Working Capital | -59.19M | 22.32M | -23.33M | 134.28M | -204.64M | -116.36M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.05B | 6.46B | 5.06B | 5.23B | 3.07B | 3.59B |
| Enterprise Value | 7.89B | 7.22B | 6.14B | 5.97B | 4.07B | 4.21B |
| Last Close Price | 783.66 | 678.95 | 513.28 | 520.85 | 290.74 | 311.61 |
| PE Ratio | 15.57 | 15.48 | 10.98 | 13.51 | 11.02 | 18.84 |
| Forward PE | 18.21 | 18.21 | 19.14 | 19.14 | 19.14 | |
| PS Ratio | 2.55 | 2.37 | 1.82 | 1.94 | 1.11 | 1.52 |
| PB Ratio | 3.73 | 3.63 | 3.46 | 4.86 | 4.03 | 4.71 |
| P/TBV Ratio | 6.92 | 7.71 | 7.12 | 5.50 | 4.83 | 5.66 |
| P/FCF Ratio | 18.42 | 13.14 | 10.95 | 9.90 | 58.55 | 41.52 |
| P/OCF Ratio | 14.13 | 11.35 | 9.74 | 9.07 | 28.27 | 21.70 |
| PEG Ratio | 2.09 | 2.09 | 2.09 | 2.09 | 2.09 | |
| EV/Sales Ratio | 2.85 | 2.65 | 2.20 | 2.21 | 1.47 | 1.79 |
| EV/EBITDA Ratio | 10.62 | 10.03 | 8.18 | 9.99 | 8.61 | 11.43 |
| EV/EBIT Ratio | 12.79 | 12.09 | 9.69 | 11.48 | 10.42 | 14.83 |
| EV/FCF Ratio | 20.60 | 14.69 | 13.28 | 11.30 | 77.62 | 48.71 |
| Debt / Equity Ratio | 0.47 | 0.55 | 0.73 | 0.68 | 1.43 | 1.62 |
| Debt / EBITDA Ratio | 1.18 | 1.31 | 1.36 | 1.18 | 2.16 | 3.09 |
| Debt / FCF Ratio | 2.39 | 1.99 | 2.30 | 1.39 | 20.81 | 14.30 |
| Net Debt / Equity Ratio | 0.43 | 0.51 | 0.67 | 0.58 | 1.34 | 1.02 |
| Net Debt / EBITDA Ratio | 1.13 | 1.25 | 1.31 | 1.04 | 2.16 | 2.11 |
| Net Debt / FCF Ratio | 2.19 | 1.84 | 2.13 | 1.18 | 19.50 | 8.98 |
| Asset Turnover | 0.81 | 0.82 | 1.02 | 1.14 | 1.11 | 1.05 |
| Inventory Turnover | 3.48 | 3.71 | 3.95 | 3.54 | 3.76 | 4.02 |
| Quick Ratio | 1.12 | 1.19 | 1.26 | 1.50 | 1.23 | 1.17 |
| Current Ratio | 2.46 | 2.53 | 2.75 | 2.85 | 2.81 | 1.91 |
| Return on Equity (ROE) | 25.26% | 25.85% | 36.43% | 42.28% | 36.67% | 25.09% |
| Return on Assets (ROA) | 11.21% | 11.27% | 14.55% | 13.79% | 9.84% | 7.90% |
| Return on Invested Capital (ROIC) | 17.66% | 17.40% | 24.17% | 23.73% | 18.90% | 15.38% |
| Return on Capital Employed (ROCE) | 19.40% | 19.40% | 23.00% | 26.80% | 19.70% | 15.50% |
| Earnings Yield | 6.42% | 6.48% | 9.14% | 7.43% | 9.10% | 5.32% |
| FCF Yield | 5.43% | 7.61% | 9.13% | 10.10% | 1.71% | 2.41% |
| Dividend Yield | 1.70% | 1.64% | 1.88% | 1.62% | 2.65% | 2.31% |
| Payout Ratio | 26.41% | 25.30% | 20.74% | 21.87% | 30.14% | 45.00% |
| Buyback Yield / Dilution | 1.91% | 1.77% | 0.29% | 4.50% | 6.70% | 1.87% |
| Total Shareholder Return | 3.61% | 3.41% | 2.17% | 6.12% | 9.36% | 4.18% |