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

$885.00-15.15(-0.02%)Market closed

Market Cap

$8.17B

P/E

18.8x

P/S

3.0x

P/B

4.4x

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: 62/100

Strongest: Profitability (19/25); weakest: Growth (7/25).

Profitability19/25

Growth7/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality18/25

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 · 18.8x5y range 10.9x – 18.9x

Currently above its 20-quarter median.

P/S · 3.0x5y range 1.1x – 3.0x

Currently above its 20-quarter median.

P/B · 4.4x5y range 3.4x – 5.3x

Watch items

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

Some Concerns

Margin Pressure

Watch

Operating margins declined 8.5% — watch for continued compression, which may signal competitive or cost pressure.

Revenue Decline

Watch

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

Price & Volume

Market Cap $8.17B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $2.74B
Q. Revenue: $747.09M
TTM EBITDA: $676.21M
TTM Op. Income: $547.60M
Q. Op. Income: $163.66M
TTM Net Income: $433.37M
Q. Net Income: $133.75M
EPS: $14.54
Shares Out.: $9.16M

$2.74B in TTM revenue declined 1.3% YoY, reaching $747.09M last quarter. TTM EBITDA of $676.21M and TTM operating income of $547.60M show growth is flowing through to the bottom line. TTM net income of $433.37M means revenue is converting into profit. Over the past year, TTM revenue is down 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 32.4%
EBITDA Margin: 26.2%
Op. Margin: 21.9%
Net Margin: 17.9%

Op. margin of 21.9% is up 1.4% YoY — cost efficiency is improving. Net margin at 17.9% and gross margin of 32.4% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 18.8x
P/S Ratio: 3.0x
P/B Ratio: 4.4x

At 18.8x P/E, the stock trades within typical market levels. P/S of 3.0x and P/B of 4.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 40% — a weakening trend.

Assets & Liabilities

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

Total Assets: $3.62B
Cash: $93.60M
Long-Term Debt: $854.83M
Book Value: $1.84B
D/E Ratio: 0.5
Debt/EBITDA: 4.4

With $3.62B in assets and $854.83M in long-term debt, D/E is 0.5and book value is $1.84B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 11% — an improving trend.

Cash Flow

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

Op. Cash Flow: $162.12M
TTM Free Cash Flow: $473.66M
FCF Margin: 17.3%
FCF / Net Income: 1.1

TTM FCF of $473.66M on $162.12M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.