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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$2.7B
$419M
31.5%
20.0%
23.5%
12.0%
$491M
$883M
$78M
2024
$2.8B
$462M
31.8%
21.2%
31.6%
14.8%
$462M
$971M
$77M
2023
$2.7B
$389M
28.6%
17.9%
36.1%
16.8%
$529M
$644M
$112M
2022
$2.8B
$280M
23.2%
12.8%
36.7%
11.6%
$52M
$1.0B
$69M
2021
$2.4B
$191M
23.2%
10.9%
25.0%
7.5%
$86M
$1.1B
$83M
2020
$2.0B
$271M
29.6%
15.5%
35.6%
14.0%
$191M
$599M
$125M
2019
$2.2B
$254M
28.8%
15.4%
37.2%
13.5%
$278M
$643M
$144M
2018
$2.3B
$235M
25.6%
12.8%
47.9%
13.8%
$123M
$766M
$73M
2017
$2.2B
$191M
28.9%
14.7%
31.7%
11.1%
$94M
$597M
$84M
2016
$2.0B
$243M
33.0%
17.3%
50.4%
17.2%
$211M
$503M
$192M
2015
—
$239M
—
—
61.6%
18.6%
$142M
$491M
$93M
2014
—
$233M
—
—
55.4%
18.9%
$175M
$364M
$103M
2013
—
$265M
—
—
46.2%
19.9%
$219M
$349M
$239M
2012
—
$240M
—
—
59.6%
19.0%
$234M
$424M
$89M
2011
—
$207M
—
—
37.6%
17.4%
$131M
$244M
$50M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$717M
$124M
31.0%
20.0%
6.4%
3.4%
$32M
$830M
$77M
Jun '26
$747M
$134M
32.4%
21.9%
7.3%
3.7%
$135M
$855M
$94M
Mar '26
$670M
$118M
33.0%
21.4%
6.8%
3.4%
$100M
$940M
$73M
Dec '25
$635M
$81M
30.0%
17.3%
4.6%
2.3%
$117M
$883M
$78M
Sep '25
$690M
$100M
30.4%
18.9%
5.9%
3.1%
$122M
$783M
$102M
Jun '25
$699M
$111M
31.6%
20.5%
6.9%
3.5%
$145M
$842M
$70M
Mar '25
$701M
$126M
33.7%
22.8%
8.3%
3.9%
$107M
$991M
$118M
Dec '24
$655M
$111M
31.7%
20.3%
7.6%
3.5%
$171M
$971M
$77M
Sep '24
$725M
$132M
33.6%
23.4%
9.7%
4.2%
$102M
$1.1B
$80M
Jun '24
$710M
$112M
30.8%
20.7%
9.0%
3.5%
$100M
$1.2B
$88M
Mar '24
$697M
$108M
31.1%
20.2%
9.3%
3.4%
$89M
$1.3B
$117M
Dec '23
$643M
$80M
27.5%
15.8%
7.5%
3.5%
$158M
$644M
$112M
Sep '23
$667M
$111M
30.2%
19.8%
11.4%
4.9%
$134M
$779M
$103M
Jun '23
$685M
$100M
28.6%
18.1%
11.2%
4.2%
$138M
$916M
$131M
Mar '23
$703M
$98M
28.2%
17.8%
11.9%
4.2%
$98M
$958M
$70M
Dec '22
$683M
$91M
26.3%
16.0%
11.9%
3.8%
$77M
$1.0B
$69M
Sep '22
$696M
$63M
21.3%
11.3%
9.5%
2.7%
-$21M
$1.0B
$72M
Jun '22
$724M
$66M
21.8%
11.6%
9.2%
2.9%
$2M
$911M
$79M
Mar '22
$663M
$59M
23.4%
12.6%
7.8%
2.6%
-$6M
$841M
$85M
Dec '21
$577M
$17M
18.5%
6.1%
2.3%
0.7%
$5M
$1.1B
$83M
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 16.7× (Nov '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 2.6× (Nov '26).
The dividend yield has fallen from 2.5% (Mar '23) to 1.5% (Nov '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?
Newmarket Corp's P/E (TTM) is 15.26 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NEU stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.7× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.