A Business at a Glance
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NewMarket Corporation (NewMarket) (NYSE: NEU) is a holding company and is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), American Pacific Corporation (AMPAC), Calca Solutions, LLC (Calca), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). We acquired Calca on October 1, 2025. Each of our subsidiaries manages its own assets and liabilities. Afton manufactures and sells petroleum additives, while Ethyl markets antiknock compounds in North America and performs contracted manufacturing and related services. AMPAC is a manufacturer of specialty materials primarily used in solid rocket motors for the aerospace and defense industries, and Calca is a producer of hydrazine products used primarily in aerospace and defense applications. NewMarket Development manages the real property that we own in Virginia.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.7B | 2.8B | 2.7B | 2.8B | 2.4B |
| Net Income | 417M | 417M | 461M | 388M | 279M | 190M |
| EPS | $44.44 | $44.44 | $48.22 | $40.44 | $27.77 | $17.71 |
| Free Cash Flow | 491M | 491M | 462M | 529M | 52M | 86M |
| ROIC | 15.2% | 16.2% | 23.1% | 22.7% | 17.8% | 14.5% |
| Gross Margin | 31.5% | 31.5% | 31.8% | 28.6% | 23.2% | 23.2% |
| Debt/Equity | 0.54 | 0.54 | 0.71 | 0.67 | 1.40 | 1.58 |
| Dividends/Share | $11.29 | $11.25 | $10.00 | $8.85 | $8.40 | $8.00 |
| Operating Income | 544M | 544M | 590M | 483M | 355M | 258M |
| Operating Margin | 20.0% | 20.0% | 21.2% | 17.9% | 12.8% | 10.9% |
| ROE | 23.5% | 25.8% | 36.3% | 42.1% | 36.6% | 25.0% |
| Shares Outstanding | 9M | 9M | 10M | 10M | 10M | 11M |
NEWMARKET CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
NEWMARKET CORP trades at 14.8x trailing earnings, compared to its 15-year median P/E of 16.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.6x vs a median of 20.4x. The company's 5-year average ROIC is 18.9% with a gross margin of 27.7%. Total shareholder yield (dividends + buybacks) is 3.0%. At current prices, the estimated annualized return to fair value is +24.2%.
NEWMARKET CORP (NEU) has a current P/E ratio of 14.8, compared to its historical median P/E of 16.6. The stock is currently considered Fair based on its historical valuation range.
NEWMARKET CORP (NEU) has a 5-year average return on invested capital (ROIC) of 18.9%. This indicates strong capital allocation and a potential competitive advantage.
NEWMARKET CORP (NEU) has a market capitalization of $6.2B. It is classified as a mid-cap stock.
Yes, NEWMARKET CORP (NEU) pays a dividend with a trailing twelve-month yield of 1.71%. The company also returns capital through share buybacks, with a buyback yield of 1.25%.
Based on historical P/E analysis, NEWMARKET CORP (NEU) appears fair. The current P/E of 14.8 is 11% below its historical median of 16.6. The estimated fair value CAGR (P/E method) is 14.9%.
NEWMARKET CORP (NEU) operates in the Industrial Organic Chemicals industry, within the Materials sector.
NEWMARKET CORP (NEU) reported annual revenue of $2.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
NEWMARKET CORP (NEU) has a net profit margin of 15.3%. This is a healthy margin.
NEWMARKET CORP (NEU) generated $491 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NEWMARKET CORP (NEU) has a debt-to-equity ratio of 0.54. This indicates moderate leverage.
NEWMARKET CORP (NEU) reported earnings per share (EPS) of $44.44 in its most recent fiscal year.
NEWMARKET CORP (NEU) has a return on equity (ROE) of 25.8%. This indicates the company generates strong returns for shareholders.
NEWMARKET CORP (NEU) has a 5-year average gross margin of 27.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for NEWMARKET CORP (NEU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NEWMARKET CORP (NEU) has a book value per share of $189.45, based on its most recent annual SEC filing.