NEU

MKT CAP:$6B

NewMarket Corporation

Market Cap

$6B

Basic Materials·Chemicals - Specialty·🇺🇸 United States·NYSE

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$689.49+$1.74 (+0.25%)

Apr 24, 2026

Company Details

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-roa...

CEO

Thomas E. Gottwald

IPO Date

Mar 17, 1980

Website

www.newmarket.com

Key Metrics TTM

Revenue

$2.7B

-3.5% YoY

Net Income

$411M

EPS (Diluted)

$43.69

Free Cash Flow

$484M

Revenue / Share

$286.67

Gross Margin

31.3%

Operating Margin

19.6%

Net Margin

15.3%

FCF Margin

18.0%

P/S

2.4x

P/E

15.8x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$670M-4.5%EPS $12.56

FY 2025

Feb 12, 2026

$2.7B-2.2%EPS $44.44

Q4 2025

Feb 12, 2026

$635M-2.9%EPS $8.62

Q3 2025

Oct 31, 2025

$690M-4.8%EPS $10.67

Q2 2025

Jul 31, 2025

$699M-1.7%EPS $11.84

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$724M	$157M	$84M
Q3 22	$696M	$148M	$79M
Q4 22	$683M	$180M	$110M
Q1 23	$703M	$198M	$125M
Q2 23	$685M	$196M	$124M
Q3 23	$667M	$202M	$132M
Q4 23	$643M	$177M	$101M
Q1 24	$697M	$216M	$141M
Q2 24	$710M	$218M	$147M
Q3 24	$725M	$244M	$170M
Q4 24	$655M	$208M	$133M
Q1 25	$701M	$236M	$160M
Q2 25	$699M	$221M	$143M
Q3 25	$690M	$210M	$131M
Q4 25	$635M	$191M	$110M
Q1 26	$670M	$221M	$143M

Valuation

Quarter	P/S	P/E
Q2 22	1.2x	15.6x
Q3 22	1.1x	14.4x
Q4 22	1.2x	11.5x
Q1 23	1.2x	11.0x
Q2 23	1.4x	11.3x
Q3 23	1.6x	10.9x
Q4 23	2.0x	13.9x
Q1 24	2.3x	15.2x
Q2 24	1.8x	12.1x
Q3 24	1.9x	12.2x
Q4 24	1.8x	11.0x
Q1 25	1.9x	11.1x
Q2 25	2.3x	13.5x
Q3 25	2.8x	17.1x
Q4 25	2.4x	15.8x
Q1 26	2.2x	14.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$18M	$2M
Q3 22	-$8M	-$21M
Q4 22	$93M	$77M
Q1 23	$110M	$98M
Q2 23	$152M	$138M
Q3 23	$143M	$134M
Q4 23	$172M	$158M
Q1 24	$103M	$89M
Q2 24	$115M	$100M
Q3 24	$117M	$102M
Q4 24	$185M	$171M
Q1 25	$120M	$107M
Q2 25	$161M	$145M
Q3 25	$142M	$122M
Q4 25	$145M	$117M
Q1 26	$124M	$100M

Capital Expenditures

Quarter	CapEx
Q2 22	$15M
Q3 22	$13M
Q4 22	$16M
Q1 23	$12M
Q2 23	$14M
Q3 23	$9M
Q4 23	$14M
Q1 24	$14M
Q2 24	$15M
Q3 24	$14M
Q4 24	$15M
Q1 25	$13M
Q2 25	$16M
Q3 25	$20M
Q4 25	$28M
Q1 26	$24M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+22.5%	+23.1%
Q3 22	+11.9%	+10.4%
Q4 22	+18.4%	+5.9%
Q1 23	+6.1%	-0.3%
Q2 23	-5.3%	-12.4%
Q3 23	-4.2%	-13.4%
Q4 23	-5.7%	-5.4%
Q1 24	-0.9%	-3.8%
Q2 24	+3.7%	+0.4%
Q3 24	+8.7%	+3.9%
Q4 24	+1.8%	-3.7%
Q1 25	+0.6%	-2.7%
Q2 25	-1.7%	-1.4%
Q3 25	-4.8%	+0.8%
Q4 25	-2.9%	+0.7%
Q1 26	-4.5%	-2.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 22	$35M	$38M
Q3 22	$34M	$35M
Q4 22	$34M	$36M
Q1 23	$33M	$40M
Q2 23	$34M	$37M
Q3 23	$32M	$37M
Q4 23	$39M	$37M
Q1 24	$31M	$44M
Q2 24	$29M	$43M
Q3 24	$32M	$42M
Q4 24	$33M	$42M
Q1 25	$33M	$43M
Q2 25	$32M	$45M
Q3 25	$35M	$44M
Q4 25	$32M	$49M
Q1 26	$32M	$46M

Revenue Segments

Quarter	Other Segments	Petroleum Additives	Other Operating Segment	Specialty Materials
Q2 22	$3M	$721M	—	—
Q3 22	$3M	$693M	—	—
Q4 22	$2M	$680M	—	—
Q1 23	$3M	$700M	—	—
Q2 23	$1M	$684M	—	—
Q3 23	$3M	$664M	—	—
Q4 23	$1M	$642M	—	—
Q1 24	—	$677M	$2M	$17M
Q2 24	—	$670M	$2M	$38M
Q3 24	—	$663M	$3M	$59M
Q4 24	—	$626M	$1M	$27M
Q1 25	—	$646M	$2M	$54M
Q2 25	—	$654M	$3M	$42M
Q3 25	—	$649M	$3M	$38M
Q4 25	—	$585M	$2M	$49M

Revenue by Geography

Quarter	Asia Pacficexcl China	China	Europe, Middle East, Africa, India	Other Foreign	United States	Asia Pacific
Q2 22	$114M	$62M	$203M	$95M	$250M	—
Q3 22	$120M	$31M	$217M	$86M	$243M	—
Q4 22	$97M	$36M	$191M	$100M	$258M	—
Q1 23	—	—	$204M	$90M	$256M	$152M
Q2 23	—	—	$203M	$87M	$243M	$152M
Q3 23	—	—	$201M	$90M	$246M	$130M
Q1 24	—	—	$209M	$83M	$248M	$156M
Q2 24	—	—	$202M	$85M	$273M	$149M
Q3 24	—	—	$202M	$81M	$305M	$137M
Q4 24	—	—	$174M	$80M	$269M	$132M
Q1 25	—	—	$202M	$81M	$271M	$147M
Q2 25	—	—	$213M	$85M	$269M	$131M
Q3 25	—	—	$211M	$79M	$273M	$127M
Q4 25	—	—	$193M	$76M	$254M	$112M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$79M	$0	$79M
Q3 22	$72M	$0	$72M
Q4 22	$69M	$0	$69M
Q1 23	$70M	$0	$70M
Q2 23	$131M	$0	$131M
Q3 23	$103M	$0	$103M
Q4 23	$112M	$0	$112M
Q1 24	$117M	$0	$117M
Q2 24	$88M	$0	$88M
Q3 24	$80M	$0	$80M
Q4 24	$77M	$0	$77M
Q1 25	$118M	$0	$118M
Q2 25	$70M	$0	$70M
Q3 25	$102M	$0	$102M
Q4 25	$78M	$0	$78M
Q1 26	$73M	$0	$73M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	10M	-1.5%	-7.0%
Q3 22	10M	-1.7%	-7.9%
Q4 22	10M	-1.9%	-6.3%
Q1 23	10M	-1.4%	-6.3%
Q2 23	10M	-0.7%	-5.5%
Q3 23	10M	+0.1%	-3.8%
Q4 23	10M	+0.1%	-1.8%
Q1 24	10M	-0.4%	-0.9%
Q2 24	10M	+0.0%	-0.2%
Q3 24	10M	+0.4%	+0.1%
Q4 24	10M	-0.2%	-0.2%
Q1 25	9M	-1.2%	-1.0%
Q2 25	9M	-0.7%	-1.7%
Q3 25	9M	0.0%	-2.1%
Q4 25	9M	+0.0%	-1.9%
Q1 26	9M	0.0%	-0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$343.9K	2K
Q3 22	$330.8K	2K
Q4 22	$1M	500
Q1 23	$1M	500
Q2 23	$1M	500
Q3 23	$1M	500
Q4 23	$321.7K	2K
Q1 24	$348.4K	2K
Q2 24	$355.1K	2K
Q3 24	$362.5K	2K
Q4 24	$317.8K	2K
Q1 25	$340.3K	2K
Q2 25	$339.1K	2K
Q3 25	$335.1K	2K
Q4 25	$310.0K	2K
Q1 26	$326.7K	2K

Revenue / Employee