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NEWMARKET CORP

NEU Clue Score75
United States Fiscal year ends December CIK 0001282637
$893.36 -1.14% Close, 9 Oct 2026
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Price $893.36 +153.69% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,049.5Operating income354.8Net income243.4Fiscal year 2017Revenue2,198.4 +7.3%Operating income322.7Net income190.5 −21.7%Fiscal year 2018Revenue2,289.7 +4.2%Operating income292.7Net income234.7 +23.2%Fiscal year 2019Revenue2,190.3 −4.3%Operating income337.3Net income254.3 +8.3%Fiscal year 2020Revenue2,010.9 −8.2%Operating income311.8Net income270.6 +6.4%EPS, diluted24.64Fiscal year 2021Revenue2,356.1 +17.2%Operating income257.8Net income190.9 −29.4%EPS, diluted17.71 −28.1%Fiscal year 2022Revenue2,764.8 +17.3%Operating income355.1Net income279.5 +46.4%EPS, diluted27.77 +56.8%Fiscal year 2023Revenue2,698.4 −2.4%Operating income483.0Net income388.9 +39.1%EPS, diluted40.44 +45.6%Fiscal year 2024Revenue2,786.6 +3.3%Operating income590.0Net income462.4 +18.9%EPS, diluted48.22 +19.2%Fiscal year 2025Revenue2,725.2 −2.2%Operating income543.7Net income418.7 −9.4%EPS, diluted44.44 −7.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,049.5 2,198.4 2,289.7 2,190.3 2,010.9 2,356.1 2,764.8 2,698.4 2,786.6 2,725.2
Growth +7.3% +4.2% −4.3% −8.2% +17.2% +17.3% −2.4% +3.3% −2.2%
Operating income 354.8 322.7 292.7 337.3 311.8 257.8 355.1 483.0 590.0 543.7
Net income 243.4 190.5 234.7 254.3 270.6 190.9 279.5 388.9 462.4 418.7
Growth −21.7% +23.2% +8.3% +6.4% −29.4% +46.4% +39.1% +18.9% −9.4%
EPS, diluted n/a n/a n/a n/a 24.64 17.71 27.77 40.44 48.22 44.44
Growth −28.1% +56.8% +45.6% +19.2% −7.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin33.0%Operating margin17.3%Net margin11.9%Free cash flow margin10.3%Fiscal year 2017Gross margin28.9%Operating margin14.7%Net margin8.7%Free cash flow margin4.3%Fiscal year 2018Gross margin25.6%Operating margin12.8%Net margin10.3%Free cash flow margin5.4%Fiscal year 2019Gross margin28.8%Operating margin15.4%Net margin11.6%Free cash flow margin12.7%Fiscal year 2020Gross margin29.6%Operating margin15.5%Net margin13.5%Free cash flow margin9.5%Fiscal year 2021Gross margin23.2%Operating margin10.9%Net margin8.1%Free cash flow margin3.7%Fiscal year 2022Gross margin23.2%Operating margin12.8%Net margin10.1%Free cash flow margin1.9%Fiscal year 2023Gross margin28.6%Operating margin17.9%Net margin14.4%Free cash flow margin19.6%Fiscal year 2024Gross margin31.8%Operating margin21.2%Net margin16.6%Free cash flow margin16.6%Fiscal year 2025Gross margin31.5%Operating margin20.0%Net margin15.4%Free cash flow margin18.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 33.0% 28.9% 25.6% 28.8% 29.6% 23.2% 23.2% 28.6% 31.8% 31.5%
Operating margin 17.3% 14.7% 12.8% 15.4% 15.5% 10.9% 12.8% 17.9% 21.2% 20.0%
Net margin 11.9% 8.7% 10.3% 11.6% 13.5% 8.1% 10.1% 14.4% 16.6% 15.4%
Free cash flow margin 10.3% 4.3% 5.4% 12.7% 9.5% 3.7% 1.9% 19.6% 16.6% 18.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow353.4Capital expenditure−142.9Free cash flow210.6Buybacks−35.8Dividends paid−75.8Fiscal year 2017Operating cash flow242.8Capital expenditure−148.7Free cash flow94.1 −55.3%Buybacks−26.0Dividends paid−82.9Fiscal year 2018Operating cash flow197.9Capital expenditure−74.6Free cash flow123.3 +31.0%Buybacks−232.0Dividends paid−80.4Fiscal year 2019Operating cash flow337.2Capital expenditure−59.4Free cash flow277.8 +125.3%Buybacks0.0Dividends paid−81.7Fiscal year 2020Operating cash flow284.2Capital expenditure−93.3Free cash flow190.8 −31.3%Buybacks−101.4Dividends paid−83.4Fiscal year 2021Operating cash flow165.3Capital expenditure−78.9Free cash flow86.4 −54.7%Buybacks−196.2Dividends paid−85.9Fiscal year 2022Operating cash flow108.6Capital expenditure−56.2Free cash flow52.5 −39.3%Buybacks−207.5Dividends paid−84.3Fiscal year 2023Operating cash flow576.8Capital expenditure−48.3Free cash flow528.5 +907.7%Buybacks−42.9Dividends paid−85.0Fiscal year 2024Operating cash flow519.6Capital expenditure−57.3Free cash flow462.3 −12.5%Buybacks−31.9Dividends paid−95.9Fiscal year 2025Operating cash flow569.0Capital expenditure−77.6Free cash flow491.3 +6.3%Buybacks−77.2Dividends paid−105.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 353.4 242.8 197.9 337.2 284.2 165.3 108.6 576.8 519.6 569.0
Capital expenditure −142.9 −148.7 −74.6 −59.4 −93.3 −78.9 −56.2 −48.3 −57.3 −77.6
Free cash flow 210.6 94.1 123.3 277.8 190.8 86.4 52.5 528.5 462.3 491.3
Growth −55.3% +31.0% +125.3% −31.3% −54.7% −39.3% +907.7% −12.5% +6.3%
Buybacks −35.8 −26.0 −232.0 0.0 −101.4 −196.2 −207.5 −42.9 −31.9 −77.2
Dividends paid −75.8 −82.9 −80.4 −81.7 −83.4 −85.9 −84.3 −85.0 −95.9 −105.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash192.2Total debt502.5Net cash (debt)−310.4Shareholders’ equity483.3Debt to equity1.04Fiscal year 2017Cash84.2Total debt597.1Net cash (debt)−512.9Shareholders’ equity601.6Debt to equity0.99Fiscal year 2018Cash73.0Total debt765.8Net cash (debt)−692.8Shareholders’ equity489.9Debt to equity1.56Fiscal year 2019Cash144.4Total debt642.9Net cash (debt)−498.5Shareholders’ equity683.1Debt to equity0.94Fiscal year 2020Cash125.2Total debt598.8Net cash (debt)−473.7Shareholders’ equity759.8Debt to equity0.79Fiscal year 2021Cash83.3Total debt1,139.3Net cash (debt)−1,056.0Shareholders’ equity762.1Debt to equity1.49Fiscal year 2022Cash68.7Total debt1,003.7Net cash (debt)−935.0Shareholders’ equity762.4Debt to equity1.32Fiscal year 2023Cash111.9Total debt643.6Net cash (debt)−531.7Shareholders’ equity1,077.1Debt to equity0.60Fiscal year 2024Cash77.5Total debt971.3Net cash (debt)−893.8Shareholders’ equity1,461.6Debt to equity0.66Fiscal year 2025Cash77.6Total debt883.4Net cash (debt)−805.8Shareholders’ equity1,778.2Debt to equity0.50
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 192.2 84.2 73.0 144.4 125.2 83.3 68.7 111.9 77.5 77.6
Total debt 502.5 597.1 765.8 642.9 598.8 1,139.3 1,003.7 643.6 971.3 883.4
Net cash (debt) −310.4 −512.9 −692.8 −498.5 −473.7 −1,056.0 −935.0 −531.7 −893.8 −805.8
Shareholders’ equity 483.3 601.6 489.9 683.1 759.8 762.1 762.4 1,077.1 1,461.6 1,778.2
Debt to equity 1.04 0.99 1.56 0.94 0.79 1.49 1.32 0.60 0.66 0.50

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
33.0% 28.9% 25.6% 28.8% 29.6% 23.2% 23.2% 28.6% 31.8% 31.5%
17.3% 14.7% 12.8% 15.4% 15.5% 10.9% 12.8% 17.9% 21.2% 20.0%
16.7% 14.3% 12.7% 15.1% 16.5% 10.5% 12.6% 18.1% 21.0% 20.6%
11.9% 8.7% 10.3% 11.6% 13.5% 8.1% 10.1% 14.4% 16.6% 15.4%
10.3% 4.3% 5.4% 12.7% 9.5% 3.7% 1.9% 19.6% 16.6% 18.0%
Spending
7.8% 6.6% 6.1% 6.6% 7.0% 6.1% 5.1% 5.1% 4.5% 4.8%
7.9% 7.6% 6.7% 6.8% 7.1% 6.2% 5.2% 5.6% 6.2% 6.7%
7.0% 6.8% 3.3% 2.7% 4.6% 3.4% 2.0% 1.8% 2.1% 2.8%
29.1% 39.6% 19.1% 23.3% 18.3% 22.9% 19.6% 20.5% 20.8% 25.3%
Returns
50.4% 31.7% 47.9% 37.2% 35.6% 25.0% 36.7% 36.1% 31.6% 23.5%
17.2% 11.1% 13.8% 13.5% 14.0% 7.5% 11.6% 16.8% 14.8% 12.0%
Balance and payout
1.04 0.99 1.56 0.94 0.79 1.49 1.32 0.60 0.66 0.50
65.9% 64.9% 71.1% 63.8% 60.7% 70.2% 68.3% 53.4% 53.3% 49.1%
31.1% 43.5% 34.3% 32.1% 30.8% 45.0% 30.1% 21.9% 20.7% 25.3%
53.0% 115.7% 253.5% 29.4% 96.9% 326.5% 556.2% 24.2% 27.6% 37.3%