15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 6.3% per year over the past 5 years.
Net income has grown faster than revenue (9.1% vs 6.3% per year).
Operating margin has expanded, at 20.0% in the latest year.
Free cash flow has grown 20.8% per year over the past 5 years.
Financial health
Total debt ($883M) exceeds cash ($78M); net debt is $806M.
Total debt has grown in line with revenue (8.1% vs 6.3% per year).
Operating income covered interest expense 14× in the latest year, up from 12× 5 years ago.
Total debt is 1.3× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 25.3% of earnings and 21.6% of free cash flow.
The dividend has grown 4.9% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.7B
$419M
31.5%
20.0%
$491M
$883M
$78M
2024
$2.8B
$462M
31.8%
21.2%
$462M
$971M
$77M
2023
$2.7B
$389M
28.6%
17.9%
$529M
$644M
$112M
2022
$2.8B
$280M
23.2%
12.8%
$52M
$1.0B
$69M
2021
$2.4B
$191M
23.2%
10.9%
$86M
$1.1B
$83M
2020
$2.0B
$271M
29.6%
15.5%
$191M
$599M
$125M
2019
$2.2B
$254M
28.8%
15.4%
$278M
$643M
$144M
2018
$2.3B
$235M
25.6%
12.8%
$123M
$766M
$73M
2017
$2.2B
$191M
28.9%
14.7%
$94M
$597M
$84M
2016
$2.0B
$243M
33.0%
17.3%
$211M
$503M
$192M
2015
—
$239M
—
—
$142M
$491M
$93M
2014
—
$233M
—
—
$175M
$364M
$103M
2013
—
$265M
—
—
$219M
$349M
$239M
2012
—
$240M
—
—
$234M
$424M
$89M
2011
—
$207M
—
—
$131M
$244M
$50M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$670M
$118M
33.0%
21.4%
$100M
$940M
$73M
Dec '25
$635M
$81M
30.0%
17.3%
$117M
$883M
$78M
Sep '25
$690M
$100M
30.4%
18.9%
$122M
$783M
$102M
Jun '25
$699M
$111M
31.6%
20.5%
$145M
$842M
$70M
Mar '25
$701M
$126M
33.7%
22.8%
$107M
$991M
$118M
Dec '24
$655M
$111M
31.7%
20.3%
$171M
$971M
$77M
Sep '24
$725M
$132M
33.6%
23.4%
$102M
$1.1B
$80M
Jun '24
$710M
$112M
30.8%
20.7%
$100M
$1.2B
$88M
Mar '24
$697M
$108M
31.1%
20.2%
$89M
$1.3B
$117M
Dec '23
$643M
$80M
27.5%
15.8%
$158M
$644M
$112M
Sep '23
$667M
$111M
30.2%
19.8%
$134M
$779M
$103M
Jun '23
$685M
$100M
28.6%
18.1%
$138M
$916M
$131M
Mar '23
$703M
$98M
28.2%
17.8%
$98M
$958M
$70M
Dec '22
$683M
$91M
26.3%
16.0%
$77M
$1.0B
$69M
Sep '22
$696M
$63M
21.3%
11.3%
-$21M
$1.0B
$72M
Jun '22
$724M
$66M
21.8%
11.6%
$2M
$911M
$79M
Mar '22
$663M
$59M
23.4%
12.6%
-$6M
$841M
$85M
Dec '21
$577M
$17M
18.5%
6.1%
$5M
$1.1B
$83M
Sep '21
$622M
$52M
22.2%
10.1%
$21M
$992M
$60M
Jun '21
$591M
$52M
23.9%
12.0%
$31M
$991M
$154M
Valuation over time
How the market has priced NEU against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 12.0× (Mar '23) to 17.6× (Jun '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 2.7× (Jun '26).
The dividend yield has fallen from 2.5% (Mar '23) to 1.4% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is NEU growing its revenue and profit?
Over the past 5 years, Newmarket Corp's revenue has grown 6.3% per year, and net income grown 9.1% per year. These are computed facts, not advice.
How much debt does NEU have?
As of FY2025, Newmarket Corp reported $883M of total debt against $78M of cash; operating income covered interest expense 14×.
What is NEU's profit margin?
In FY2025, gross margin was 31.5%, operating margin 20.0%, and net margin 15.4%.
What is NEU's P/E ratio?
As of Jun '26, Newmarket Corp traded at a price-to-earnings ratio of about 17.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.