NewMarket (NEU) Financials

$564.46 +0.83 (+0.15%)

As of 03:57 PM Eastern

Annual Income Statements for NewMarket

This table shows NewMarket's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	239	243	191	235	254	271	191	280	389	462
Consolidated Net Income / (Loss)	239	243	191	235	254	271	191	280	389	462
Net Income / (Loss) Continuing Operations	239	243	191	235	254	271	191	280	389	462
Total Pre-Tax Income	339	343	315	290	332	331	248	348	489	584
Total Operating Income	357	355	323	293	337	312	258	355	483	590
Total Gross Profit	679	677	636	585	630	595	548	640	773	886
Total Revenue	2,141	2,049	2,198	2,290	2,190	2,011	2,356	2,765	2,698	2,787
Operating Revenue	2,141	2,049	2,198	2,290	2,190	2,011	2,356	2,765	2,698	2,787
Total Cost of Revenue	1,462	1,372	1,562	1,704	1,560	1,416	1,808	2,124	1,926	1,900
Operating Cost of Revenue	1,462	1,372	1,562	1,704	1,560	1,416	1,808	2,124	1,926	1,900
Total Operating Expenses	322	322	314	293	293	283	290	285	289	296
Selling, General & Admin Expense	164	162	168	152	148	143	146	145	151	171
Research & Development Expense	158	161	146	140	144	140	144	140	138	125
Total Other Income / (Expense), net	-18	-12	-7.29	-2.39	-5.73	19	-10	-7.41	5.92	-5.93
Interest Expense	15	17	22	27	29	26	34	43	37	57
Other Income / (Expense), net	-3.10	5.23	15	24	24	46	24	35	43	51
Income Tax Expense	100	100	125	56	77	61	57	68	100	122
Basic Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$27.77	$40.44	$48.22
Weighted Average Basic Shares Outstanding	12.24M	11.83M	11.82M	11.50M	11.20M	10.92M	10.35M	9.69M	9.59M	9.52M
Diluted Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$27.77	$40.44	$48.22
Weighted Average Diluted Shares Outstanding	12.24M	11.83M	11.82M	11.50M	11.20M	10.92M	10.35M	9.69M	9.59M	9.52M
Weighted Average Basic & Diluted Shares Outstanding	12.24M	11.83M	11.82M	11.50M	11.20M	10.92M	10.35M	9.69M	9.59M	9.52M
Cash Dividends to Common per Share	$5.80	$6.40	$7.00	$7.00	$7.30	$7.60	$8.00	$8.40	$8.85	$10.00

This table shows NewMarket's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	63	91	98	100	111	80	108	112	132	111
Consolidated Net Income / (Loss)	63	91	98	100	111	80	108	112	132	111
Net Income / (Loss) Continuing Operations	63	91	98	100	111	80	108	112	132	111
Total Pre-Tax Income	80	108	125	125	134	105	138	143	169	134
Total Operating Income	79	110	125	124	132	101	141	147	170	133
Total Gross Profit	148	180	198	196	202	177	216	218	244	208
Total Revenue	696	683	703	685	667	643	697	710	725	655
Operating Revenue	696	683	703	685	667	643	697	710	725	655
Total Cost of Revenue	548	503	505	489	465	466	480	492	481	447
Operating Cost of Revenue	548	503	505	489	465	466	480	492	481	447
Total Operating Expenses	70	70	73	71	69	76	76	72	74	75
Selling, General & Admin Expense	35	36	40	37	37	37	44	43	42	42
Research & Development Expense	34	34	33	34	32	39	31	29	32	33
Total Other Income / (Expense), net	1.60	-1.24	0.11	0.47	2.06	3.29	-3.11	-3.96	-0.35	1.49
Interest Expense	8.37	10	11	10	9.22	7.11	16	16	14	12
Other Income / (Expense), net	9.97	9.10	11	11	11	10	13	12	14	13
Income Tax Expense	17	18	28	25	23	24	30	31	37	24
Basic Earnings per Share	$6.32	$9.16	$10.09	$10.36	$11.60	$8.39	$11.23	$11.63	$13.79	$11.57
Weighted Average Basic Shares Outstanding	9.87M	9.69M	9.63M	9.59M	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M
Diluted Earnings per Share	$6.32	$9.16	$10.09	$10.36	$11.60	$8.39	$11.23	$11.63	$13.79	$11.57
Weighted Average Diluted Shares Outstanding	9.87M	9.69M	9.63M	9.59M	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M
Weighted Average Basic & Diluted Shares Outstanding	9.87M	9.69M	9.63M	9.59M	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M

This table details how cash moves in and out of NewMarket's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-9.58	99	-108	-11	71	-19	-42	-15	43	-34
Net Cash From Operating Activities	268	353	243	198	337	284	165	109	577	520
Net Cash From Continuing Operating Activities	268	353	243	198	337	284	165	109	577	520
Net Income / (Loss) Continuing Operations	239	243	191	235	254	271	191	280	389	462
Consolidated Net Income / (Loss)	239	243	191	235	254	271	191	280	389	462
Depreciation Expense	42	45	55	72	88	84	84	82	78	117
Non-Cash Adjustments To Reconcile Net Income	0.10	-8.24	-26	-65	-26	-27	-2.90	0.77	-10	-12
Changes in Operating Assets and Liabilities, net	-13	73	23	-44	22	-43	-107	-254	120	-48
Net Cash From Investing Activities	-130	-143	-335	-60	-59	-74	-461	316	-48	-739
Net Cash From Continuing Investing Activities	-130	-143	-335	-60	-59	-74	-461	316	-48	-739
Purchase of Property, Plant & Equipment	-126	-143	-149	-75	-59	-93	-79	-56	-48	-57
Acquisitions	0.00	0.00	-184	-	-	-	-	0.00	0.00	-681
Purchase of Investments	-	-	-	-	0.00	0.00	-393	-0.79	0.00	0.00
Sale and/or Maturity of Investments	-	-	-	-	0.00	0.00	11	373	0.00	0.00
Net Cash From Financing Activities	-135	-103	-19	-145	-208	-231	255	-439	-488	186
Net Cash From Continuing Financing Activities	-135	-103	-19	-145	-208	-231	255	-439	-488	186
Repayment of Debt	-0.79	-2.73	-160	-1.09	-2.95	-47	-5.79	-361	-360	64
Repurchase of Common Equity	-195	-36	-26	-232	0.00	-101	-196	-207	-43	-32
Payment of Dividends	-71	-76	-83	-80	-82	-83	-86	-84	-85	-96
Issuance of Debt	131	11	250	168	-123	0.00	543	213	0.00	250
Effect of Exchange Rate Changes	-12	-7.97	2.84	-3.58	1.66	2.33	-0.93	0.26	2.29	-1.06

This table details how cash moves in and out of NewMarket's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-7.52	-3.26	1.40	61	-28	9.38	5.13	-29	-7.32	-2.83
Net Cash From Operating Activities	-8.40	93	110	152	143	172	103	115	117	185
Net Cash From Continuing Operating Activities	-8.40	93	110	152	143	172	103	115	117	185
Net Income / (Loss) Continuing Operations	63	91	98	100	111	80	108	112	132	111
Consolidated Net Income / (Loss)	63	91	98	100	111	80	108	112	132	111
Depreciation Expense	20	20	20	20	17	20	26	29	30	32
Non-Cash Adjustments To Reconcile Net Income	19	-2.64	-2.29	-2.73	-2.11	-3.09	-6.63	0.85	-14	7.59
Changes in Operating Assets and Liabilities, net	-111	-15	-5.69	35	17	74	-24	-27	-32	35
Net Cash From Investing Activities	-13	-16	-12	-14	-8.79	-14	-697	-13	-14	-15
Net Cash From Continuing Investing Activities	-13	-16	-12	-14	-8.79	-14	-697	-13	-14	-15
Purchase of Property, Plant & Equipment	-13	-16	-12	-14	-8.79	-14	-14	-15	-14	-15
Net Cash From Financing Activities	16	-83	-97	-79	-160	-152	601	-131	-113	-171
Net Cash From Continuing Financing Activities	16	-83	-97	-79	-160	-152	601	-131	-113	-171
Repayment of Debt	-0.54	-1.03	-48	-43	87	-355	-11	279	-280	76
Repurchase of Common Equity	-60	-57	-28	-14	-	-	0.00	-	-	-32
Payment of Dividends	-21	-20	-20	-22	-22	-22	-24	-24	-24	-24
Issuance of Debt	97	-5.00	0.00	-	-225	225	636	-386	191	-191
Effect of Exchange Rate Changes	-2.08	3.07	0.42	1.14	-2.59	3.32	-1.61	-0.97	3.74	-2.23

This table presents NewMarket's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,286	1,416	1,712	1,697	1,885	1,934	2,558	2,407	2,309	3,130
Total Current Assets	768	837	834	813	879	898	1,388	1,192	1,040	1,030
Cash & Equivalents	93	192	84	73	144	125	83	69	112	77
Accounts Receivable	288	307	335	315	336	336	392	454	432	395
Inventories, net	352	312	383	396	366	-	499	631	456	505
Prepaid Expenses	35	26	31	29	33	35	39	38	39	51
Plant, Property, & Equipment, net	402	504	652	644	635	665	677	660	655	735
Total Noncurrent Assets	115	76	226	240	370	371	493	555	615	1,365
Goodwill	11	10	144	136	132	130	128	126	125	750
Employee Benefit Assets	20	26	66	89	134	137	243	303	371	490
Other Noncurrent Operating Assets	39	11	11	9.88	105	104	123	126	119	124
Total Liabilities & Shareholders' Equity	1,286	1,416	1,712	1,697	1,885	1,934	2,558	2,407	2,309	3,130
Total Liabilities	899	933	1,111	1,207	1,202	1,174	1,796	1,644	1,232	1,668
Total Current Liabilities	264	295	317	271	309	312	725	424	364	374
Accounts Payable	129	142	159	152	179	190	246	273	231	226
Accrued Expenses	100	104	108	91	77	78	85	90	77	89
Dividends Payable	18	17	19	18	19	15	17	18	19	22
Current Deferred & Payable Income Tax Liabilities	13	18	16	6.43	11	3.76	4.44	16	6.13	16
Other Current Liabilities	5.06	14	14	4.11	23	25	23	27	31	21
Total Noncurrent Liabilities	635	639	794	936	893	862	1,071	1,221	868	1,293
Long-Term Debt	491	507	603	771	643	599	790	1,004	644	971
Other Noncurrent Operating Liabilities	144	131	191	165	250	263	281	217	224	322
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	388	483	602	490	683	760	762	762	1,077	1,462
Total Preferred & Common Equity	388	483	602	490	683	760	762	762	1,077	1,462
Total Common Equity	388	483	602	490	683	760	762	762	1,077	1,462
Common Stock	0.00	1.60	0.00	0.00	1.97	0.72	0.00	0.00	2.13	0.00
Retained Earnings	532	664	748	671	844	932	844	834	1,096	1,429
Accumulated Other Comprehensive Income / (Loss)	-145	-183	-146	-181	-163	-173	-82	-72	-21	33

This table presents NewMarket's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,337	2,351	2,366	2,290	3,157	3,150	3,166
Total Current Assets	1,174	1,132	1,140	1,066	1,119	1,115	1,138
Cash & Equivalents	72	70	131	103	117	88	80
Accounts Receivable	476	457	436	428	465	496	488
Inventories, net	592	566	537	503	494	493	534
Prepaid Expenses	34	38	36	32	44	39	35
Plant, Property, & Equipment, net	653	658	656	650	762	759	755
Total Noncurrent Assets	510	561	570	575	1,276	1,275	1,273
Goodwill	126	126	125	125	769	763	757
Employee Benefit Assets	255	311	319	323	378	385	390
Other Noncurrent Operating Assets	128	125	126	127	130	127	126
Total Liabilities & Shareholders' Equity	2,337	2,351	2,366	2,290	3,157	3,150	3,166
Total Liabilities	1,669	1,529	1,473	1,318	2,005	1,915	1,802
Total Current Liabilities	426	358	349	332	391	420	402
Accounts Payable	285	212	223	215	260	271	259
Accrued Expenses	86	72	73	72	73	85	82
Dividends Payable	19	18	19	19	21	21	21
Current Deferred & Payable Income Tax Liabilities	11	35	8.52	6.06	15	15	17
Other Current Liabilities	25	21	26	20	21	27	22
Total Noncurrent Liabilities	1,243	1,170	1,124	986	1,614	1,495	1,400
Long-Term Debt	1,009	958	916	779	1,279	1,173	1,085
Other Noncurrent Operating Liabilities	235	213	208	207	335	322	315
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	667	822	893	972	1,152	1,235	1,364
Total Preferred & Common Equity	667	822	893	972	1,152	1,235	1,364
Total Common Equity	667	822	893	972	1,152	1,235	1,364
Common Stock	0.00	0.00	0.00	1.56	1.41	2.05	3.20
Retained Earnings	816	883	947	1,037	1,180	1,267	1,376
Accumulated Other Comprehensive Income / (Loss)	-149	-62	-55	-67	-29	-34	-15

This table displays calculated financial ratios and metrics derived from NewMarket's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.33%	-4.27%	7.27%	4.15%	-4.34%	-8.19%	17.17%	17.35%	-2.40%	3.27%
EBITDA Growth	-0.33%	2.27%	-3.03%	-0.99%	15.34%	-1.51%	-17.10%	29.14%	27.83%	25.50%
EBIT Growth	-0.57%	1.80%	-6.30%	-6.02%	13.82%	-0.89%	-21.21%	38.58%	34.79%	21.88%
NOPAT Growth	0.64%	0.21%	-22.54%	21.42%	9.30%	-1.56%	-21.93%	43.61%	34.56%	21.59%
Net Income Growth	2.29%	2.03%	-21.74%	23.21%	8.33%	6.40%	-29.44%	46.43%	39.11%	18.91%
EPS Growth	5.82%	5.60%	-21.71%	26.49%	11.75%	8.40%	-28.13%	56.80%	45.62%	19.24%
Operating Cash Flow Growth	14.07%	31.87%	-31.30%	-18.49%	70.39%	-15.73%	-41.81%	-34.30%	431.05%	-9.92%
Free Cash Flow Firm Growth	-41.34%	63.62%	-153.97%	232.36%	54.78%	130.59%	-167.84%	107.04%	1,522.96%	-159.89%
Invested Capital Growth	15.11%	1.64%	39.66%	5.82%	-0.41%	-29.41%	72.10%	17.58%	-5.09%	46.04%
Revenue Q/Q Growth	-3.13%	1.09%	2.73%	-0.94%	-0.18%	-0.33%	2.11%	3.99%	-1.43%	0.41%
EBITDA Q/Q Growth	-1.27%	-0.43%	1.55%	2.95%	-0.53%	1.81%	-10.33%	19.72%	-1.09%	6.44%
EBIT Q/Q Growth	-1.58%	-0.83%	0.60%	2.92%	-1.68%	2.56%	-13.09%	25.36%	-1.29%	5.63%
NOPAT Q/Q Growth	-0.27%	-4.97%	-16.50%	34.73%	-5.78%	6.22%	-18.48%	32.71%	-3.44%	7.31%
Net Income Q/Q Growth	0.79%	-3.27%	-17.92%	33.37%	-4.76%	6.61%	-20.65%	35.55%	-2.53%	7.02%
EPS Q/Q Growth	1.73%	-3.07%	-17.88%	34.26%	-4.54%	7.32%	-19.79%	36.19%	-1.87%	7.06%
Operating Cash Flow Q/Q Growth	2.45%	4.21%	-10.64%	19.09%	2.18%	-11.28%	-22.32%	199.39%	15.86%	2.69%
Free Cash Flow Firm Q/Q Growth	-31.55%	10.55%	-55.15%	121.02%	-17.22%	181.75%	-417.08%	147.33%	33.39%	1.76%
Invested Capital Q/Q Growth	1.75%	-2.63%	-1.29%	-3.76%	-0.67%	-31.25%	8.32%	5.67%	-2.38%	-0.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.72%	33.04%	28.95%	25.57%	28.76%	29.59%	23.25%	23.17%	28.63%	31.81%
EBITDA Margin	18.49%	19.76%	17.86%	16.98%	20.47%	21.96%	15.54%	17.10%	22.40%	27.22%
Operating Margin	16.66%	17.31%	14.68%	12.78%	15.40%	15.51%	10.94%	12.85%	17.90%	21.17%
EBIT Margin	16.52%	17.57%	15.34%	13.85%	16.47%	17.78%	11.96%	14.12%	19.50%	23.02%
Profit (Net Income) Margin	11.15%	11.88%	8.67%	10.25%	11.61%	13.45%	8.10%	10.11%	14.41%	16.59%
Tax Burden Percent	70.39%	70.93%	60.39%	80.86%	76.69%	81.67%	77.12%	80.39%	79.53%	79.17%
Interest Burden Percent	95.86%	95.34%	93.52%	91.57%	91.90%	92.64%	87.86%	89.05%	92.90%	91.06%
Effective Tax Rate	29.61%	29.07%	39.61%	19.14%	23.31%	18.33%	22.88%	19.61%	20.47%	20.83%
Return on Invested Capital (ROIC)	33.48%	31.09%	19.94%	20.18%	21.50%	24.86%	17.24%	17.99%	22.98%	23.32%
ROIC Less NNEP Spread (ROIC-NNEP)	29.87%	28.90%	18.93%	19.87%	20.78%	30.12%	15.23%	17.27%	23.61%	22.68%
Return on Net Nonoperating Assets (RNNOA)	25.54%	24.82%	15.18%	22.83%	21.86%	12.64%	7.85%	18.68%	19.30%	13.11%
Return on Equity (ROE)	59.02%	55.91%	35.12%	43.01%	43.36%	37.50%	25.09%	36.67%	42.28%	36.43%
Cash Return on Invested Capital (CROIC)	19.43%	29.46%	-13.16%	14.52%	21.91%	59.35%	-35.76%	1.83%	28.21%	-14.10%
Operating Return on Assets (OROA)	28.09%	26.64%	21.56%	18.60%	20.14%	18.73%	12.54%	15.73%	22.32%	23.59%
Return on Assets (ROA)	18.95%	18.01%	12.18%	13.77%	14.20%	14.17%	8.50%	11.26%	16.49%	17.01%
Return on Common Equity (ROCE)	59.02%	55.91%	35.12%	43.01%	43.36%	37.50%	25.09%	36.67%	42.28%	36.43%
Return on Equity Simple (ROE_SIMPLE)	61.56%	50.38%	31.66%	47.91%	37.23%	35.61%	25.05%	36.67%	36.10%	31.64%
Net Operating Profit after Tax (NOPAT)	251	252	195	237	259	255	199	285	384	467
NOPAT Margin	11.73%	12.28%	8.87%	10.34%	11.81%	12.66%	8.44%	10.33%	14.24%	16.76%
Net Nonoperating Expense Percent (NNEP)	3.61%	2.19%	1.01%	0.31%	0.71%	-5.26%	2.01%	0.72%	-0.63%	0.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.16%	22.33%	19.20%
Cost of Revenue to Revenue	68.28%	66.96%	71.05%	74.43%	71.24%	70.41%	76.75%	76.83%	71.37%	68.19%
SG&A Expenses to Revenue	7.66%	7.89%	7.63%	6.66%	6.76%	7.10%	6.20%	5.25%	5.61%	6.15%
R&D to Revenue	7.39%	7.85%	6.64%	6.13%	6.60%	6.98%	6.11%	5.07%	5.11%	4.48%
Operating Expenses to Revenue	15.06%	15.73%	14.27%	12.78%	13.36%	14.08%	12.31%	10.32%	10.73%	10.63%
Earnings before Interest and Taxes (EBIT)	354	360	337	317	361	358	282	390	526	641
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	396	405	393	389	448	442	366	473	604	758
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.97	8.94	6.85	8.53	7.21	5.28	4.52	3.88	4.77	3.47
Price to Tangible Book Value (P/TBV)	10.26	9.14	9.01	11.82	8.93	6.37	5.43	4.64	5.40	7.13
Price to Revenue (P/Rev)	1.80	2.11	1.87	1.83	2.25	2.00	1.46	1.07	1.91	1.82
Price to Earnings (P/E)	16.19	17.74	21.62	17.81	19.36	14.84	18.04	10.57	13.22	10.96
Dividend Yield	1.80%	1.76%	2.01%	1.91%	1.66%	2.07%	2.47%	2.81%	1.65%	1.89%
Earnings Yield	6.18%	5.64%	4.63%	5.61%	5.16%	6.74%	5.54%	9.46%	7.56%	9.12%
Enterprise Value to Invested Capital (EV/IC)	5.31	5.68	4.07	4.05	4.52	5.29	2.83	2.27	3.49	2.51
Enterprise Value to Revenue (EV/Rev)	1.99	2.26	2.11	2.13	2.48	2.23	1.75	1.41	2.10	2.14
Enterprise Value to EBITDA (EV/EBITDA)	10.76	11.45	11.81	12.55	12.09	10.16	11.26	8.23	9.39	7.86
Enterprise Value to EBIT (EV/EBIT)	12.05	12.87	13.75	15.39	15.03	12.55	14.63	9.96	10.78	9.30
Enterprise Value to NOPAT (EV/NOPAT)	16.97	18.42	23.79	20.62	20.96	17.62	20.74	13.62	14.77	12.77
Enterprise Value to Operating Cash Flow (EV/OCF)	15.90	13.11	19.10	24.65	16.08	15.79	24.94	35.81	9.84	11.48
Enterprise Value to Free Cash Flow (EV/FCFF)	29.24	19.44	0.00	28.65	20.57	7.38	0.00	133.88	12.03	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.27	1.05	1.00	1.57	0.94	0.79	1.49	1.32	0.60	0.66
Long-Term Debt to Equity	1.27	1.05	1.00	1.57	0.94	0.79	1.04	1.32	0.60	0.66
Financial Leverage	0.86	0.86	0.80	1.15	1.05	0.42	0.52	1.08	0.82	0.58
Leverage Ratio	3.11	3.10	2.88	3.12	3.05	2.65	2.95	3.26	2.56	2.14
Compound Leverage Factor	2.99	2.96	2.70	2.86	2.81	2.45	2.59	2.90	2.38	1.95
Debt to Total Capital	55.88%	51.21%	50.05%	61.15%	48.49%	44.08%	59.92%	56.83%	37.41%	39.92%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.38%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.88%	51.21%	50.05%	61.15%	48.49%	44.08%	41.54%	56.83%	37.41%	39.92%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	44.12%	48.79%	49.95%	38.85%	51.51%	55.92%	40.08%	43.17%	62.60%	60.08%
Debt to EBITDA	1.24	1.25	1.54	1.98	1.43	1.36	3.11	2.12	1.07	1.28
Net Debt to EBITDA	1.00	0.78	1.32	1.80	1.11	1.07	1.86	1.98	0.88	1.18
Long-Term Debt to EBITDA	1.24	1.25	1.54	1.98	1.43	1.36	2.16	2.12	1.07	1.28
Debt to NOPAT	1.96	2.02	3.09	3.26	2.49	2.35	5.73	3.52	1.68	2.08
Net Debt to NOPAT	1.58	1.25	2.66	2.95	1.93	1.86	3.42	3.28	1.38	1.91
Long-Term Debt to NOPAT	1.96	2.02	3.09	3.26	2.49	2.35	3.97	3.52	1.68	2.08
Altman Z-Score	6.20	6.18	5.13	4.98	5.24	4.74	3.21	3.63	5.44	4.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.91	2.84	2.63	3.00	2.85	2.87	1.91	2.81	2.85	2.75
Quick Ratio	1.45	1.69	1.32	1.43	1.55	1.48	1.17	1.23	1.49	1.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	146	238	-129	170	264	608	-412	29	471	-282
Operating Cash Flow to CapEx	211.88%	247.37%	163.26%	265.16%	567.37%	387.57%	209.46%	193.38%	1,194.42%	906.49%
Free Cash Flow to Firm to Interest Expense	9.95	14.21	-5.89	6.37	9.02	23.09	-12.05	0.68	12.62	-4.92
Operating Cash Flow to Interest Expense	18.29	21.06	11.11	7.41	11.53	10.79	4.83	2.54	15.44	9.06
Operating Cash Flow Less CapEx to Interest Expense	9.66	12.54	4.30	4.61	9.50	8.01	2.53	1.23	14.15	8.06
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.70	1.52	1.41	1.34	1.22	1.05	1.05	1.11	1.14	1.02
Accounts Receivable Turnover	7.25	6.89	6.85	7.04	6.73	5.98	6.47	6.54	6.09	6.73
Inventory Turnover	4.18	4.14	4.50	4.37	4.09	0.00	0.00	3.76	3.54	3.95
Fixed Asset Turnover	6.03	4.52	3.80	3.53	3.42	3.09	3.51	4.14	4.10	4.01
Accounts Payable Turnover	10.97	10.14	10.37	10.96	9.45	7.68	8.29	8.18	7.64	8.32
Days Sales Outstanding (DSO)	50.36	52.97	53.31	51.82	54.22	61.01	56.40	55.81	59.92	54.22
Days Inventory Outstanding (DIO)	87.40	88.19	81.16	83.46	89.15	0.00	0.00	97.07	103.06	92.36
Days Payable Outstanding (DPO)	33.26	35.99	35.20	33.31	38.64	47.52	44.00	44.62	47.80	43.89
Cash Conversion Cycle (CCC)	104.50	105.18	99.27	101.98	104.73	13.48	12.40	108.26	115.19	102.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	803	816	1,139	1,206	1,201	848	1,459	1,715	1,628	2,377
Invested Capital Turnover	2.85	2.53	2.25	1.95	1.82	1.96	2.04	1.74	1.61	1.39
Increase / (Decrease) in Invested Capital	105	13	324	66	-4.93	-353	611	256	-87	749
Enterprise Value (EV)	4,261	4,634	4,637	4,879	5,422	4,488	4,123	3,889	5,673	5,963
Market Capitalization	3,864	4,319	4,118	4,181	4,924	4,014	3,443	2,954	5,142	5,070
Book Value per Share	$32.33	$40.79	$50.76	$42.96	$61.05	$69.57	$71.65	$77.23	$112.31	$152.33
Tangible Book Value per Share	$31.42	$39.90	$38.58	$31.03	$49.26	$57.67	$59.64	$64.46	$99.31	$74.12
Total Capital	878	991	1,205	1,261	1,326	1,359	1,901	1,766	1,721	2,433
Total Debt	491	507	603	771	643	599	1,139	1,004	644	971
Total Long-Term Debt	491	507	603	771	643	599	790	1,004	644	971
Net Debt	397	315	519	698	499	474	680	935	532	894
Capital Expenditures (CapEx)	126	143	149	75	59	73	79	56	48	57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	411	350	433	469	426	460	553	700	563	578
Debt-free Net Working Capital (DFNWC)	505	542	517	542	571	586	1,013	768	675	655
Net Working Capital (NWC)	505	542	517	542	571	586	663	768	675	655
Net Nonoperating Expense (NNE)	12	8.19	4.40	1.93	4.39	-16	7.89	5.95	-4.71	4.69
Net Nonoperating Obligations (NNO)	415	333	538	716	518	88	697	953	551	916
Total Depreciation and Amortization (D&A)	42	45	55	72	88	84	84	82	78	117
Debt-free, Cash-free Net Working Capital to Revenue	19.21%	17.08%	19.68%	20.49%	19.45%	22.90%	23.48%	25.30%	20.88%	20.73%
Debt-free Net Working Capital to Revenue	23.58%	26.46%	23.51%	23.68%	26.05%	29.12%	42.97%	27.79%	25.03%	23.51%
Net Working Capital to Revenue	23.58%	26.46%	23.51%	23.68%	26.05%	29.12%	28.14%	27.79%	25.03%	23.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$27.77	$40.44	$48.22
Adjusted Weighted Average Basic Shares Outstanding	11.85M	11.85M	11.78M	11.18M	11.19M	10.92M	10.35M	9.69M	9.59M	9.52M
Adjusted Diluted Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$27.77	$40.44	$48.22
Adjusted Weighted Average Diluted Shares Outstanding	11.85M	11.85M	11.78M	11.18M	11.19M	10.92M	10.35M	9.69M	9.59M	9.52M
Adjusted Basic & Diluted Earnings per Share	$19.45	$20.54	$16.08	$20.34	$22.73	$24.64	$17.71	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.85M	11.85M	11.78M	11.18M	11.19M	10.92M	10.35M	9.69M	9.59M	9.52M
Normalized Net Operating Profit after Tax (NOPAT)	251	252	195	237	259	255	199	285	384	467
Normalized NOPAT Margin	11.73%	12.28%	8.87%	10.34%	11.81%	12.66%	8.44%	10.33%	14.24%	16.76%
Pre Tax Income Margin	15.83%	16.75%	14.35%	12.68%	15.14%	16.47%	10.51%	12.58%	18.12%	20.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.13	21.45	15.43	11.86	12.34	13.58	8.23	9.13	14.09	11.18
NOPAT to Interest Expense	17.14	14.99	8.92	8.86	8.85	9.67	5.81	6.68	10.28	8.14
EBIT Less CapEx to Interest Expense	15.50	12.94	8.63	9.07	10.31	10.80	5.93	7.82	12.80	10.18
NOPAT Less CapEx to Interest Expense	8.50	6.48	2.11	6.06	6.81	6.89	3.50	5.36	8.99	7.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.66%	31.15%	43.51%	34.27%	32.12%	30.83%	45.00%	30.14%	21.87%	20.74%
Augmented Payout Ratio	111.35%	45.86%	57.15%	133.11%	32.12%	68.32%	147.78%	104.36%	32.89%	27.64%

This table displays calculated financial ratios and metrics derived from NewMarket's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.87%	18.38%	6.07%	-5.32%	-4.15%	-5.74%	-0.86%	3.66%	8.66%	1.76%
EBITDA Growth	18.87%	127.94%	40.08%	37.00%	47.28%	-4.81%	14.67%	21.27%	32.51%	34.74%
EBIT Growth	25.82%	199.34%	50.26%	45.61%	62.01%	-5.82%	12.82%	17.74%	27.57%	30.57%
NOPAT Growth	15.39%	350.14%	45.06%	52.91%	76.79%	-14.93%	12.99%	15.58%	21.04%	40.61%
Net Income Growth	21.50%	426.11%	64.51%	49.87%	75.95%	-11.17%	10.40%	12.04%	18.94%	37.72%
EPS Growth	31.67%	414.61%	75.48%	58.41%	83.54%	-8.41%	11.30%	12.26%	18.88%	37.90%
Operating Cash Flow Growth	-120.52%	356.04%	1,520.93%	767.07%	1,799.50%	85.20%	-6.44%	-24.60%	-18.40%	7.94%
Free Cash Flow Firm Growth	-256.92%	72.09%	42.64%	84.17%	130.37%	200.20%	-413.94%	-1,797.16%	-1,005.87%	-487.36%
Invested Capital Growth	20.53%	17.58%	12.69%	8.10%	2.74%	-5.09%	35.23%	38.01%	43.34%	46.04%
Revenue Q/Q Growth	-3.81%	-1.94%	2.96%	-2.51%	-2.62%	-3.57%	8.30%	1.94%	2.07%	-9.70%
EBITDA Q/Q Growth	-3.62%	27.08%	12.59%	-0.66%	3.61%	-17.87%	35.64%	5.06%	13.21%	-16.49%
EBIT Q/Q Growth	-4.31%	33.75%	14.57%	-0.70%	6.47%	-22.25%	37.25%	3.62%	15.37%	-20.42%
NOPAT Q/Q Growth	-4.53%	47.76%	6.49%	1.80%	10.37%	-28.90%	41.44%	4.13%	15.59%	-17.41%
Net Income Q/Q Growth	-4.88%	43.17%	7.80%	2.09%	11.67%	-27.72%	33.98%	3.61%	18.55%	-16.31%
EPS Q/Q Growth	-3.36%	44.94%	10.15%	2.68%	11.97%	-27.67%	33.85%	3.56%	18.57%	-16.10%
Operating Cash Flow Q/Q Growth	-147.79%	1,202.55%	18.62%	38.72%	-6.33%	20.15%	-40.07%	11.79%	1.38%	58.93%
Free Cash Flow Firm Q/Q Growth	-21.50%	23.15%	41.19%	71.18%	333.08%	153.60%	-401.67%	-6.40%	-11.29%	-8.44%
Invested Capital Q/Q Growth	3.41%	5.67%	0.71%	-1.77%	-1.72%	-2.38%	43.50%	0.25%	2.07%	-0.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.31%	26.31%	28.18%	28.55%	30.23%	27.53%	31.05%	30.76%	33.64%	31.72%
EBITDA Margin	15.69%	20.33%	22.23%	22.65%	24.10%	20.53%	25.71%	26.50%	29.39%	27.18%
Operating Margin	11.31%	16.05%	17.79%	18.13%	19.85%	15.75%	20.21%	20.69%	23.38%	20.28%
EBIT Margin	12.74%	17.38%	19.34%	19.70%	21.54%	17.37%	22.01%	22.37%	25.29%	22.29%
Profit (Net Income) Margin	9.08%	13.26%	13.89%	14.54%	16.68%	12.50%	15.46%	15.72%	18.25%	16.92%
Tax Burden Percent	78.71%	83.59%	77.97%	79.88%	82.72%	76.86%	78.24%	78.06%	78.22%	82.49%
Interest Burden Percent	90.56%	91.28%	92.07%	92.40%	93.58%	93.64%	89.79%	89.99%	92.28%	92.02%
Effective Tax Rate	21.29%	16.41%	22.03%	20.12%	17.28%	23.14%	21.76%	21.94%	21.78%	17.51%
Return on Invested Capital (ROIC)	15.94%	23.37%	23.87%	24.54%	27.32%	19.54%	20.95%	21.73%	25.02%	23.28%
ROIC Less NNEP Spread (ROIC-NNEP)	16.10%	23.24%	23.88%	24.58%	27.52%	19.88%	20.72%	21.41%	24.99%	23.44%
Return on Net Nonoperating Assets (RNNOA)	17.11%	25.15%	25.34%	25.17%	27.73%	16.25%	21.93%	19.22%	18.41%	13.54%
Return on Equity (ROE)	33.05%	48.52%	49.21%	49.71%	55.05%	35.79%	42.88%	40.96%	43.43%	36.82%
Cash Return on Invested Capital (CROIC)	-4.13%	1.83%	7.44%	13.65%	21.48%	28.21%	-10.42%	-11.52%	-14.17%	-14.10%
Operating Return on Assets (OROA)	14.19%	19.36%	23.42%	23.21%	25.49%	19.88%	21.52%	22.04%	25.72%	22.84%
Return on Assets (ROA)	10.12%	14.77%	16.82%	17.13%	19.73%	14.30%	15.12%	15.48%	18.57%	17.33%
Return on Common Equity (ROCE)	33.05%	48.52%	49.21%	49.71%	55.05%	35.79%	42.88%	40.96%	43.43%	36.82%
Return on Equity Simple (ROE_SIMPLE)	30.90%	0.00%	38.67%	39.31%	41.05%	0.00%	34.63%	33.27%	31.67%	0.00%
Net Operating Profit after Tax (NOPAT)	62	92	97	99	110	78	110	115	133	110
NOPAT Margin	8.90%	13.41%	13.87%	14.49%	16.42%	12.11%	15.81%	16.15%	18.29%	16.73%
Net Nonoperating Expense Percent (NNEP)	-0.16%	0.13%	-0.01%	-0.05%	-0.21%	-0.34%	0.23%	0.32%	0.03%	-0.17%
Return On Investment Capital (ROIC_SIMPLE)	-	5.18%	-	-	-	4.53%	-	-	-	4.50%
Cost of Revenue to Revenue	78.69%	73.69%	71.82%	71.45%	69.77%	72.47%	68.95%	69.24%	66.36%	68.28%
SG&A Expenses to Revenue	5.06%	5.25%	5.67%	5.46%	5.60%	5.72%	6.37%	6.03%	5.81%	6.43%
R&D to Revenue	4.94%	5.01%	4.72%	4.96%	4.78%	6.06%	4.48%	4.04%	4.44%	5.02%
Operating Expenses to Revenue	10.00%	10.26%	10.39%	10.42%	10.38%	11.78%	10.85%	10.07%	10.25%	11.45%
Earnings before Interest and Taxes (EBIT)	89	119	136	135	144	112	153	159	183	146
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	109	139	156	155	161	132	179	188	213	178
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.35	3.88	4.20	4.26	4.41	4.77	5.26	4.00	3.88	3.47
Price to Tangible Book Value (P/TBV)	5.37	4.64	4.96	4.96	5.06	5.40	15.80	10.48	8.72	7.13
Price to Revenue (P/Rev)	1.09	1.07	1.23	1.37	1.57	1.91	2.25	1.82	1.91	1.82
Price to Earnings (P/E)	14.09	10.57	10.87	10.83	10.75	13.22	15.18	12.04	12.25	10.96
Dividend Yield	2.90%	2.81%	2.36%	2.16%	1.95%	1.65%	1.46%	1.84%	1.77%	1.89%
Earnings Yield	7.10%	9.46%	9.20%	9.23%	9.30%	7.56%	6.59%	8.31%	8.16%	9.12%
Enterprise Value to Invested Capital (EV/IC)	2.37	2.27	2.51	2.70	2.98	3.49	3.09	2.58	2.64	2.51
Enterprise Value to Revenue (EV/Rev)	1.44	1.41	1.55	1.66	1.81	2.10	2.68	2.22	2.27	2.14
Enterprise Value to EBITDA (EV/EBITDA)	9.73	8.23	8.39	8.20	8.13	9.39	11.51	9.14	8.84	7.86
Enterprise Value to EBIT (EV/EBIT)	12.33	9.96	9.96	9.59	9.31	10.78	13.28	10.62	10.37	9.30
Enterprise Value to NOPAT (EV/NOPAT)	17.86	13.62	13.75	13.10	12.48	14.77	18.19	14.63	14.47	12.77
Enterprise Value to Operating Cash Flow (EV/OCF)	105.88	35.81	20.50	13.23	9.97	9.84	12.67	11.33	12.45	11.48
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	133.88	35.77	20.57	14.05	12.03	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.51	1.32	1.17	1.03	0.80	0.60	1.11	0.95	0.80	0.66
Long-Term Debt to Equity	1.51	1.32	1.17	1.03	0.80	0.60	1.11	0.95	0.80	0.66
Financial Leverage	1.06	1.08	1.06	1.02	1.01	0.82	1.06	0.90	0.74	0.58
Leverage Ratio	3.32	3.26	2.93	2.91	2.82	2.56	2.79	2.59	2.34	2.14
Compound Leverage Factor	3.00	2.97	2.70	2.69	2.64	2.40	2.51	2.33	2.16	1.97
Debt to Total Capital	60.18%	56.83%	53.83%	50.65%	44.50%	37.41%	52.61%	48.70%	44.30%	39.92%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	60.18%	56.83%	53.83%	50.65%	44.50%	37.41%	52.61%	48.70%	44.30%	39.92%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.82%	43.17%	46.17%	49.35%	55.50%	62.60%	47.39%	51.30%	55.70%	60.08%
Debt to EBITDA	2.55	2.12	1.85	1.64	1.28	1.07	2.04	1.78	1.52	1.28
Net Debt to EBITDA	2.37	1.98	1.72	1.40	1.11	0.88	1.85	1.64	1.41	1.18
Long-Term Debt to EBITDA	2.55	2.12	1.85	1.64	1.28	1.07	2.04	1.78	1.52	1.28
Debt to NOPAT	4.69	3.52	3.03	2.62	1.96	1.68	3.22	2.84	2.49	2.08
Net Debt to NOPAT	4.35	3.28	2.81	2.24	1.70	1.38	2.93	2.63	2.31	1.91
Long-Term Debt to NOPAT	4.69	3.52	3.03	2.62	1.96	1.68	3.22	2.84	2.49	2.08
Altman Z-Score	3.18	3.26	3.66	3.87	4.37	4.85	3.63	3.41	3.72	3.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.76	2.81	3.16	3.27	3.21	2.85	2.86	2.66	2.83	2.75
Quick Ratio	1.29	1.23	1.47	1.63	1.60	1.49	1.49	1.39	1.41	1.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-215	-165	-97	-28	65	165	-498	-530	-590	-640
Operating Cash Flow to CapEx	-66.72%	587.67%	925.13%	1,079.47%	1,625.42%	1,271.16%	758.18%	768.01%	822.70%	1,267.10%
Free Cash Flow to Firm to Interest Expense	-25.63	-15.94	-9.00	-2.73	7.06	23.24	-31.84	-33.33	-41.68	-54.96
Operating Cash Flow to Interest Expense	-1.00	8.96	10.20	14.87	15.49	24.14	6.57	7.23	8.23	15.91
Operating Cash Flow Less CapEx to Interest Expense	-2.51	7.43	9.10	13.49	14.54	22.24	5.70	6.29	7.23	14.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.11	1.11	1.21	1.18	1.18	1.14	0.98	0.99	1.02	1.02
Accounts Receivable Turnover	5.97	6.54	6.09	5.82	6.06	6.09	5.84	5.83	6.06	6.73
Inventory Turnover	3.90	3.76	3.89	3.83	3.58	3.54	3.59	3.70	3.70	3.95
Fixed Asset Turnover	4.00	4.14	4.22	4.19	4.20	4.10	3.79	3.84	3.95	4.01
Accounts Payable Turnover	7.80	8.18	8.43	7.52	7.84	7.64	8.04	7.71	8.09	8.32
Days Sales Outstanding (DSO)	61.15	55.81	59.97	62.75	60.25	59.92	62.49	62.58	60.19	54.22
Days Inventory Outstanding (DIO)	93.49	97.07	93.78	95.27	101.88	103.06	101.70	98.74	98.68	92.36
Days Payable Outstanding (DPO)	46.79	44.62	43.28	48.54	46.55	47.80	45.37	47.33	45.12	43.89
Cash Conversion Cycle (CCC)	107.85	108.26	110.47	109.48	115.58	115.19	118.82	113.98	113.75	102.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,623	1,715	1,728	1,697	1,668	1,628	2,336	2,342	2,390	2,377
Invested Capital Turnover	1.79	1.74	1.72	1.69	1.66	1.61	1.33	1.35	1.37	1.39
Increase / (Decrease) in Invested Capital	277	256	194	127	44	-87	609	645	723	749
Enterprise Value (EV)	3,841	3,889	4,341	4,588	4,965	5,673	7,220	6,032	6,300	5,963
Market Capitalization	2,905	2,954	3,453	3,802	4,289	5,142	6,058	4,947	5,295	5,070
Book Value per Share	$66.65	$77.23	$84.85	$92.74	$101.36	$112.31	$120.10	$128.76	$142.20	$152.33
Tangible Book Value per Share	$54.03	$64.46	$71.86	$79.71	$88.36	$99.31	$39.96	$49.18	$63.29	$74.12
Total Capital	1,676	1,766	1,780	1,809	1,751	1,721	2,432	2,408	2,449	2,433
Total Debt	1,009	1,004	958	916	779	644	1,279	1,173	1,085	971
Total Long-Term Debt	1,009	1,004	958	916	779	644	1,279	1,173	1,085	971
Net Debt	937	935	888	785	677	532	1,162	1,085	1,005	894
Capital Expenditures (CapEx)	13	16	12	14	8.79	14	14	15	14	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	676	700	703	660	631	563	611	608	655	578
Debt-free Net Working Capital (DFNWC)	748	768	773	791	733	675	729	696	736	655
Net Working Capital (NWC)	748	768	773	791	733	675	729	696	736	655
Net Nonoperating Expense (NNE)	-1.26	1.04	-0.08	-0.37	-1.70	-2.52	2.43	3.09	0.28	-1.23
Net Nonoperating Obligations (NNO)	956	953	906	804	696	551	1,184	1,107	1,026	916
Total Depreciation and Amortization (D&A)	20	20	20	20	17	20	26	29	30	32
Debt-free, Cash-free Net Working Capital to Revenue	25.42%	25.30%	25.06%	23.86%	23.04%	20.88%	22.71%	22.38%	23.61%	20.73%
Debt-free Net Working Capital to Revenue	28.13%	27.79%	27.56%	28.59%	26.79%	25.03%	27.06%	25.60%	26.51%	23.51%
Net Working Capital to Revenue	28.13%	27.79%	27.56%	28.59%	26.79%	25.03%	27.06%	25.60%	26.51%	23.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.32	$9.16	$10.09	$10.36	$11.60	$8.39	$11.23	$11.63	$13.79	$11.57
Adjusted Weighted Average Basic Shares Outstanding	9.87M	9.69M	9.63M	9.59M	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M
Adjusted Diluted Earnings per Share	$6.32	$9.16	$10.09	$10.36	$11.60	$8.39	$11.23	$11.63	$13.79	$11.57
Adjusted Weighted Average Diluted Shares Outstanding	9.87M	9.69M	9.63M	9.59M	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.87M	9.69M	9.63M	9.59M	9.59M	9.59M	9.59M	9.59M	9.60M	9.52M
Normalized Net Operating Profit after Tax (NOPAT)	62	92	97	99	110	78	110	115	133	110
Normalized NOPAT Margin	8.90%	13.41%	13.87%	14.49%	16.42%	12.11%	15.81%	16.15%	18.29%	16.73%
Pre Tax Income Margin	11.54%	15.87%	17.81%	18.20%	20.16%	16.26%	19.76%	20.13%	23.34%	20.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.60	11.47	12.62	13.16	15.58	15.71	9.80	9.99	12.95	12.53
NOPAT to Interest Expense	7.40	8.85	9.05	9.68	11.88	10.95	7.04	7.21	9.37	9.40
EBIT Less CapEx to Interest Expense	9.09	9.95	11.51	11.78	14.63	13.82	8.93	9.05	11.95	11.27
NOPAT Less CapEx to Interest Expense	5.90	7.33	7.95	8.30	10.93	9.06	6.17	6.27	8.37	8.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	41.50%	30.14%	26.11%	23.73%	21.04%	21.87%	22.24%	22.17%	21.65%	20.74%
Augmented Payout Ratio	165.28%	104.36%	88.60%	69.19%	46.00%	32.89%	25.84%	22.17%	21.65%	27.64%

Frequently Asked Questions About NewMarket's Financials

When does NewMarket's fiscal year end?

According to the most recent income statement we have on file, NewMarket's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NewMarket's net income changed over the last 9 years?

NewMarket's net income appears to be on an upward trend, with a most recent value of $462.41 million in 2024, rising from $238.60 million in 2015. The previous period was $388.86 million in 2023.

What is NewMarket's operating income?

NewMarket's total operating income in 2024 was $590.04 million, based on the following breakdown:

Total Gross Profit: $886.35 million
Total Operating Expenses: $296.31 million

How has NewMarket revenue changed over the last 9 years?

Over the last 9 years, NewMarket's total revenue changed from $2.14 billion in 2015 to $2.79 billion in 2024, a change of 30.2%.

How much debt does NewMarket have?

NewMarket's total liabilities were at $1.67 billion at the end of 2024, a 35.4% increase from 2023, and a 85.6% increase since 2015.

How much cash does NewMarket have?

In the past 9 years, NewMarket's cash and equivalents has ranged from $68.71 million in 2022 to $192.15 million in 2016, and is currently $77.48 million as of their latest financial filing in 2024.

How has NewMarket's book value per share changed over the last 9 years?

Over the last 9 years, NewMarket's book value per share changed from 32.33 in 2015 to 152.33 in 2024, a change of 371.1%.

Remove Ads

Related Companies

This page (NYSE:NEU) was last updated on 4/14/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

NewMarket (NEU) Financials

Frequently Asked Questions About NewMarket's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

NewMarket (NEU) Financials

Annual Income Statements for NewMarket

Quarterly Income Statements for NewMarket

Annual Cash Flow Statements for NewMarket

Quarterly Cash Flow Statements for NewMarket

Annual Balance Sheets for NewMarket

Quarterly Balance Sheets for NewMarket

Annual Metrics and Ratios for NewMarket

Quarterly Metrics and Ratios for NewMarket

Frequently Asked Questions About NewMarket's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools