Newmarket Corp income statement
In fiscal 2025, Newmarket Corp reported revenue of $2.73bn, down 2.2% on the year before, operating income of $544m (a 20.0% margin) and net income of $419m, or $44.44 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,530 | 1,797 | 2,138 | 2,212 | 2,280 | 2,335 | 2,141 | 2,049 | 2,198 | 2,290 | 2,190 | 2,011 | 2,356 | 2,765 | 2,698 | 2,787 | 2,725 | 2,769 |
| Cost of revenue | 1,067 | 1,282 | 1,591 | 1,586 | — | — | — | 1,372 | 1,562 | 1,704 | 1,560 | 1,416 | 1,808 | 2,124 | 1,926 | 1,900 | 1,868 | 1,892 |
| Gross profit | 463 | 515 | 552 | 630 | 653 | 665 | 679 | 677 | 636 | 585 | 630 | 595 | 548 | 640 | 773 | 886 | 857 | 876 |
| Research and development | 86 | 91 | 51 | 55 | 137 | 139 | 158 | 161 | 146 | 140 | 144 | 140 | 144 | 140 | 138 | 125 | 132 | 124 |
| Selling, general and administrative | 115 | 137 | 152 | 154 | 165 | 164 | 164 | 162 | 168 | 152 | 148 | 143 | 146 | 145 | 151 | 171 | 182 | 193 |
| Operating income | 262 | 287 | 334 | 358 | 352 | 363 | 357 | 355 | 323 | 293 | 337 | 312 | 258 | 355 | 483 | 590 | 544 | 560 |
| Interest expense | 12 | 17 | 14 | 8 | 18 | 17 | 15 | 17 | 22 | 27 | 29 | 26 | 34 | 35 | 37 | 57 | 40 | 35 |
| Income before tax | 239 | 260 | 301 | 338 | 341 | 339 | 339 | 343 | 315 | 290 | 332 | 331 | 248 | 348 | 489 | 584 | 561 | 586 |
| Income tax | 77 | 83 | 96 | 100 | 99 | 106 | 100 | 100 | 125 | 56 | 77 | 61 | 57 | 68 | 100 | 122 | 142 | 129 |
| Net income | 162 | 177 | 207 | 240 | 265 | 233 | 239 | 243 | 191 | 235 | 254 | 271 | 191 | 280 | 389 | 462 | 419 | 457 |
| Diluted EPS | $10.65 | $12.09 | $15.09 | $17.85 | $19.90 | $18.38 | $19.45 | $20.54 | $16.08 | $20.34 | $22.73 | $24.64 | $17.71 | $27.77 | $40.44 | $48.22 | $44.44 | $49.43 |
| Diluted shares (average) | 15m | 15m | 14m | 13m | 13m | 13m | 12m | 12m | 12m | 12m | 11m | 11m | 11m | 10m | 10m | 10m | 9m | 9m |
| EBITDA | 295 | 326 | 377 | 402 | 398 | 404 | 399 | 400 | 378 | 364 | 425 | 396 | 342 | 437 | 561 | 707 | 666 | 687 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 655 | 701 | 699 | 690 | 635 | 670 | 747 | 717 |
| Cost of revenue | 447 | 465 | 478 | 481 | 445 | 449 | 505 | 494 |
| Gross profit | 208 | 236 | 221 | 210 | 191 | 221 | 242 | 222 |
| Research and development | 33 | 33 | 32 | 35 | 32 | 32 | 30 | 31 |
| Selling, general and administrative | 42 | 43 | 45 | 44 | 49 | 46 | 48 | 49 |
| Operating income | 133 | 160 | 143 | 131 | 110 | 143 | 164 | 143 |
| Interest expense | 12 | 11 | 11 | 8 | 10 | 9 | 9 | 8 |
| Income before tax | 134 | 164 | 148 | 136 | 113 | 152 | 170 | 151 |
| Income tax | 24 | 38 | 36 | 35 | 32 | 34 | 37 | 27 |
| Net income | 111 | 126 | 111 | 100 | 81 | 118 | 134 | 124 |
| Diluted EPS | $11.56 | $13.26 | $11.84 | $10.67 | $8.66 | $12.62 | $14.54 | $13.50 |
| EBITDA | 165 | 189 | 172 | 164 | 142 | 175 | 195 | 174 |
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