NewMarket (NEU) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NewMarket

NYSE•Basic Materials•Specialty Chemicals

$879.73+9.13(0.01%)Market open

Market Cap

$7.36B

P/E

16.1x

P/S

2.7x

P/B

3.8x

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. It offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, greases, industrial gear fluids, and industrial specialty applications comprising turbine oils. The company also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to industry, government, original equipment manufacturers, and individual customers. In addition, it engages in the marketing of antiknock compounds, as well as contracted manufacturing and related services; and owns and manages a real property in Virginia. The company operates in North America, Latin America, the Asia Pacific, Europe, the Middle East, Africa, India, and internationally. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.

How this company scores

GoodMetricSide Score: 66/100

Strongest: Profitability (22/25); weakest: Growth (12/25).

Profitability22/25

Growth12/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality16/25

Strengths

Strong marginsHigh ROELow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.1x5y range 11.0x – 30.3x

Currently near its 20-quarter median.

P/S · 2.7x5y range 1.8x – 2.8x

Currently above its 20-quarter median.

P/B · 3.8x5y range 3.4x – 7.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.

Price & Volume

Market Cap $7.36B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.77B
Q. Revenue: $716.50M
TTM EBITDA: $686.54M
TTM Op. Income: $559.87M
Q. Op. Income: $142.94M
TTM Net Income: $457.21M
Q. Net Income: $124.11M
EPS: $13.5
Shares Out.: $9.16M

$2.77B in TTM revenue grew 0.9% YoY, reaching $716.50M last quarter. TTM EBITDA of $686.54M and TTM operating income of $559.87M show growth is flowing through to the bottom line. TTM net income of $457.21M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 31.0%
EBITDA Margin: 24.3%
Op. Margin: 20.0%
Net Margin: 17.3%

Op. margin of 20.0% is up 1.0% YoY — cost efficiency is improving. Net margin at 17.3% and gross margin of 31.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 5% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.1x
P/S Ratio: 2.7x
P/B Ratio: 3.8x

At 16.1x P/E, the stock trades within typical market levels. P/S of 2.7x and P/B of 3.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 6% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.65B
Cash: $77.32M
Long-Term Debt: $830.05M
Book Value: $1.93B
D/E Ratio: 0.4
Debt/EBITDA: 4.8

With $3.65B in assets and $830.05M in long-term debt, D/E is 0.4and book value is $1.93B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $68.56M
TTM Free Cash Flow: $383.40M
FCF Margin: 13.8%
FCF / Net Income: 0.8

TTM FCF of $383.40M on $68.56M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.