MARKETS / NYSE / NEU

NYSE · INDUSTRIAL ORGANIC CHEMICALS · LARGE CAP

Newmarket Corp. NEU

18 fiscal years on record · USD · FY2025 reported · SEC filings only

7 YEARS OF DIVIDEND GROWTH

Revenue

$2.7B

▼ 2.2% YoY

Net income

$418.7M

▼ 9.4% YoY

Free cash flow

$491.3M

▲ 6.3% YoY

In brief

What this company does

NewMarket manufactures chemical components, each selected to perform one or more specific functions, and combines them with other chemicals or components to form additive packages for specified end-user applications. It employed approximately 2,050 people at the end of 2025. NewMarket's business is organized into two segments: petroleum additives, primarily represented by Afton, and specialty materials, represented by AMPAC and Calca. Afton manufactures and sells petroleum additives. Ethyl markets antiknock compounds in North America and performs contracted manufacturing and related services. Calca produces hydrazine products used primarily in aerospace and defense applications. NewMarket was incorporated in the Commonwealth of Virginia in 2004.

Written from the business description in NEWMARKET CORP's annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.7B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 2.7 · Net income 0.4

Compound annual growth

Revenue

−0.5%

+6.3%

+2.4%

+2.8%

Net income

+14.4%

+9.1%

+5.8%

+5.9%

EPS, diluted

+17.0%

+12.5%

+8.6%

+9.1%

Dividend / share

+10.2%

+8.2%

+6.8%

+14.1%

Returned to shareholders

−14.4%

−0.2%

−3.7%

+1.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +6.3% a year over five years — but profit grew faster: net income at +9.1%, earnings per share at +12.5%.

The share count fell from 0.01B to 0.01B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 20.0% · Net 15.4%

ROE

FY2025 · ROE 25.8%

Gross margin31.5%

Operating margin20.0%

Net margin15.4%

Return on assets12.6%

EBITDAUSD 666.1M

Each USD of equity produced 26 cents of profit this year.

Cash & shareholders

USD 183.1M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 491.3

Net buybacks $M Dividends $M

FY2025 · Dividends 105.9 · Net buybacks 77.2

Dividends paidUSD 105.9M

Net buybacksUSD 77.2M

Share of profit43.7%

Consecutive raises7 years

USD 105.9M in dividends and USD 77.2M in buybacks — 44% of the year's profit went back to shareholders.

Total assetsUSD 3.5B

EquityUSD 1.8B

CashUSD 77.6M

Gross debtUSD 883.4M

Net debtUSD 805.8M

Current ratio2.53×

Net debt stands at 45% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	2.7	2.8	2.7	2.8	2.4	2.0	2.2	2.3	2.2	2.0	2.1	2.3	2.3	2.2	2.1	1.8	1.5	1.6
Operating income $B	0.5	0.6	0.5	0.4	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.1
EBITDA $B	0.7	0.7	0.6	0.4	0.3	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.1
Income tax $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0
Net income $B	0.4	0.5	0.4	0.3	0.2	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.3	0.2	0.2	0.2	0.2	0.1
Free cash flow $B	0.5	0.5	0.5	0.1	0.1	0.2	0.3	0.1	0.1	0.2	0.1	0.2	0.2	0.2	0.1	0.1	0.1	−0.0
EPS, diluted $	44.44	48.22	40.44	27.77	17.71	24.64	22.73	20.34	16.08	20.54	19.45	18.38	19.90	17.85	15.09	12.09	10.65	4.75
Dividend / sh $	11.25	10.00	8.85	8.40	8.00	7.60	7.30	7.00	7.00	6.40	5.80	4.70	3.80	·	2.39	1.56	1.07	0.80
Payout %	25	21	22	30	45	31	32	34	44	31	30	25	19	157	16	13	10	21
ROE %	25.8	36.4	42.3	36.7	25.1	37.5	43.4	43.0	35.1	55.9	59.0	47.0	54.3	50.3	39.7	37.3	43.3	25.2
Shares out B	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityIndustrial Organic Chemicals

Listed onNYSE

Incorporated inVirginia

Fiscal year endsDecember 31

Data on record since2008