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American chemical company
NewMarket Corporation (NYSE: NEU), is a publicly traded American company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887.3Wikipedia text CC BY-SA 4.0
NewMarket Corporation (NYSE: NEU), is a publicly traded American company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue101112139$2.7B in 2025+24% since 2019Gross profit101112139$857.4M in 2025+36% since 2019Operating income101112139$543.7M in 2025+61% since 2019Net income101112139$418.7M in 2025+65% since 2019
Revenue141516$747.1M in Q2 FY2026+7% since Q2 FY2025Gross profit141516$242.4M in Q2 FY2026+10% since Q2 FY2025Operating income141516$163.7M in Q2 FY2026+14% since Q2 FY2025Net income141516$133.8M in Q2 FY2026+20% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net sales
$2.7B
$2.8B
$2.7B
Cost of goods sold
$1.9B
$1.9B
$1.9B
Gross profit
$857.4M
$886.3M
$772.5M
Selling, general, and administrative expenses
$181.6M
$171.4M
$151.5M
Research, development, and testing expenses
$132.1M
$124.9M
$138.0M
Operating profit
$543.7M
$590.0M
$483.0M
Interest and financing expenses, net
$39.7M
$57.4M
$37.4M
Other income (expense), net
$56.5M
$51.4M
$43.3M
Income before income tax expense
$560.6M
$584.1M
$489.0M
Income tax expense
$141.8M
$121.7M
$100.1M
Net income
$418.7M
$462.4M
$388.9M
Earnings Per Share, Diluted
$44.44
$48.22
$40.44
Earnings Per Share, Basic
$44.44
$48.22
$40.44
No quarter-by-quarter statement was filed.
Total assets17101112139$3.5B in 2025+85% since 2019Total liabilities17101112139$1.7B in 2025+43% since 2019Shareholders’ equity1112139$1.8B in 2025+160% since 2019Cash17101112139$77.6M in 2025−46% since 2019Long-term debt17101112139$883.4M in 2025+37% since 2019
Total assets18151614$3.6B in Q2 FY2026+13% since Q2 FY2025Total liabilities18151614$1.8B in Q2 FY2026+13% since Q2 FY2025Shareholders’ equity141516$1.8B in Q2 FY2026+14% since Q2 FY2025Cash18151614$93.6M in Q2 FY2026+33% since Q2 FY2025Long-term debt18151614$854.8M in Q2 FY2026+2% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$77.6M
$77.5M
Trade and other accounts receivable, net
$422.1M
$395.4M
Inventories
$502.3M
$505.4M
Prepaid expenses and other current assets
$57.8M
$51.2M
Total current assets
$1.1B
$1.0B
Property, plant, and equipment, net
$775.5M
$735.4M
Intangibles (net of amortization) and goodwill
$941.2M
$750.4M
Prepaid pension cost
$586.1M
$490.4M
Operating lease right-of-use assets, net
$78.3M
$71.3M
Deferred charges and other assets
$51.8M
$52.5M
Total assets
$3.5B
$3.1B
Accounts payable
$238.4M
$225.9M
Accrued expenses
$109.8M
$89.3M
Dividends payable
$23.8M
$22.0M
Income taxes payable
$17.2M
$15.8M
Operating lease liabilities
$16.2M
$15.3M
Other current liabilities
$13.9M
$6.2M
Total current liabilities
$419.3M
$374.5M
Long-Term Debt, Excluding Current Maturities
$883.4M
$971.3M
Operating lease liabilities - noncurrent
$62.0M
$54.8M
Other noncurrent liabilities
$349.5M
$267.4M
Total liabilities
$1.7B
$1.7B
Common stock and paid-in capital (with no par value; authorized shares - 80,000,000; issued and outstanding - 9,397,364 at December 31, 2025 and 9,524,789 at December 31, 2024)
$2.4M
$0
Accumulated other comprehensive income (loss)
$106.8M
$32.9M
-$21.1M
-$72.0M
Retained earnings
$1.7B
$1.4B
Total shareholders' equity
$1.8B
$1.5B
$1.1B
$762.4M
Total liabilities and shareholders' equity
$3.5B
$3.1B
Common Stock, No Par Value
$0
$0
Common Stock, Shares Authorized
80.0M shares
80.0M shares
Common Stock, Shares, Issued
9.4M shares
9.5M shares
Common Stock, Shares, Outstanding
9.4M shares
9.5M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$77.6M
$77.5M
Trade and other accounts receivable, net
$422.1M
$395.4M
Inventories
$502.3M
$505.4M
Prepaid expenses and other current assets
$57.8M
$51.2M
Total current assets
$1.1B
$1.0B
Property, plant, and equipment, net
$775.5M
$735.4M
Intangibles (net of amortization) and goodwill
$941.2M
$750.4M
Prepaid pension cost
$586.1M
$490.4M
Operating lease right-of-use assets, net
$78.3M
$71.3M
Deferred charges and other assets
$51.8M
$52.5M
Total assets
$3.5B
$3.1B
Accounts payable
$238.4M
$225.9M
Accrued expenses
$109.8M
$89.3M
Dividends payable
$23.8M
$22.0M
Income taxes payable
$17.2M
$15.8M
Operating lease liabilities
$16.2M
$15.3M
Other current liabilities
$13.9M
$6.2M
Total current liabilities
$419.3M
$374.5M
Long-Term Debt, Excluding Current Maturities
$883.4M
$971.3M
Operating lease liabilities - noncurrent
$62.0M
$54.8M
Other noncurrent liabilities
$349.5M
$267.4M
Total liabilities
$1.7B
$1.7B
Common stock and paid-in capital (with no par value; authorized shares - 80,000,000; issued and outstanding - 9,397,364 at December 31, 2025 and 9,524,789 at December 31, 2024)
$2.4M
$0
Accumulated other comprehensive income (loss)
$106.8M
$32.9M
-$21.1M
-$72.0M
Retained earnings
$1.7B
$1.4B
Total shareholders' equity
$1.8B
$1.5B
$1.1B
$762.4M
Total liabilities and shareholders' equity
$3.5B
$3.1B
Common Stock, No Par Value
$0
$0
Common Stock, Shares Authorized
80.0M shares
80.0M shares
Common Stock, Shares, Issued
9.4M shares
9.5M shares
Common Stock, Shares, Outstanding
9.4M shares
9.5M shares
Cash from operations101112139$569.0M in 2025+69% since 2019Capital spending101112139$77.6M in 2025+31% since 2019Free cash flow101112139$491.3M in 2025+77% since 2019Dividends paid101112139$105.9M in 2025+30% since 2019Share buybacks101112139$77.2M in 2025
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income
$418.7M
$462.4M
$388.9M
Depreciation and amortization
$122.4M
$117.0M
$78.0M
Deferred income tax expense (benefit)
$34.4M
-$12.8M
-$14.8M
Trade and other accounts receivable, net
-$10.6M
$36.1M
$31.6M
Inventories
$32.8M
-$36.5M
$192.5M
Prepaid expenses and other current assets
-$3.5M
$1.1M
$744.0K
Accounts payable and accrued expenses
$16.0M
-$7.6M
-$59.2M
Operating lease liabilities
-$22.0M
-$19.5M
-$20.0M
Other current liabilities
$9.1M
-$3.8M
-$1.9M
Income taxes payable
$523.0K
$7.0M
-$9.5M
Cash pension and postretirement contributions
-$9.5M
-$11.8M
-$10.2M
Other, net
-$19.4M
-$11.8M
$638.0K
Cash provided from (used in) operating activities
$569.0M
$519.6M
$576.8M
Capital expenditures
-$77.6M
-$57.3M
-$48.3M
Acquisition of business (net of cash acquired)
-$213.4M
-$681.5M
$0
Cash provided from (used in) investing activities
-$291.1M
-$738.8M
-$48.3M
Net borrowings (repayments) under revolving credit facility
$211.0M
$77.0M
-$361.0M
(Payment) proceeds on term loan
-$250.0M
(Payment) proceeds on term loan
$250.0M
$0
Dividends paid
-$105.9M
-$95.9M
-$85.0M
Repurchases of common stock
-$77.2M
-$31.9M
-$42.9M
Principal payment on 3.78% senior notes
-$50.0M
$0
$0
Debt issuance costs
$0
-$2.3M
$0
Other, net
-$7.0M
-$11.1M
$1.3M
Cash provided from (used in) financing activities
-$279.1M
$185.8M
-$487.6M
Effect of foreign exchange on cash and cash equivalents
NewMarket Corporation sits at the top of its group. 51 entities, 14 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of NewMarket Corporation
Bank of AmericaFiled SCHEDULE 13G/A on NewMarket Corporation, latest May 14, 2026 (5 filings since Jan 31, 2022)
VANGUARD GROUP INCFiled SCHEDULE 13G/A on NewMarket Corporation, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
Bruce C. GottwaldFiled SCHEDULE 13D/A on NewMarket Corporation, latest Jan 7, 2026 (3 filings since Oct 29, 2021)
LONDON CO OF VIRGINIAFiled SCHEDULE 13G/A on NewMarket Corporation, latest Aug 14, 2025 (4 filings since Feb 14, 2022)
Thomas E. GottwaldFiled SC 13D/A on NewMarket Corporation, latest Nov 27, 2024
BlackRockFiled SC 13G/A on NewMarket Corporation, latest Jan 29, 2024 (3 filings since Feb 3, 2022)
NewMarket CorporationRichmond, Virginia, United States
Aditivos Mexicanos S.A. de C.V. Subsidiary · Mexico
Afton Argentina Services SRL Subsidiary · Argentina
Afton Chemical (Beijing) Co., Ltd. Subsidiary · China
Afton Chemical (Suzhou) Co., Ltd. Subsidiary · China
Afton Chemical Additives Corporation Subsidiary · Virginia, United States
Afton Chemical Asia Pacific LLC Subsidiary · Virginia, United States
Afton Chemical Asia Pte. Ltd. Subsidiary · Singapore
Afton Chemical Canada Corporation Subsidiary · Canada
Afton Chemical Canada Holdings, Inc Subsidiary · Virginia, United States
Afton Chemical CH Holdings S.à .r.l. Subsidiary · Luxembourg
Afton Chemical Corporation Subsidiary · Delaware, United States
Afton Chemical de Mexico S.A. de C.V. Subsidiary · Mexico
Afton Chemical EA Holdings S.à .r.l. Subsidiary · Luxembourg
Afton Chemical France succursale D'Afton Chemical SRL Subsidiary · France
Afton Chemical India Private Limited Subsidiary · India
Afton Chemical Industria de Aditivos Ltda Subsidiary · Brazil
Afton Chemical Intangibles LLC Subsidiary · Virginia, United States
Afton Chemical International Holdings S.à.r.l. Subsidiary · Luxembourg
Afton Chemical Japan Corporation Subsidiary · Japan
Afton Chemical Mexico Holdings LLC Subsidiary · Virginia, United States
Afton Chemical North Africa SARL AU Subsidiary · Morocco
Afton Chemical Switzerland GmbH Subsidiary · Switzerland
Afton Chemical UK Holdings Limited Subsidiary · United Kingdom
Afton Chemical UK LLP Subsidiary · United Kingdom
Afton Cooper Limited Subsidiary · United Kingdom
and 25 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NewMarket Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Our principal operating properties are shown below. Unless indicated, we own the research, development, and testing facilities, which primarily support the petroleum additives business segment, as well as the manufacturing and distribution properties.
Research, Development, and Testing · Richmond, VirginiaBracknell, EnglandTsukuba, JapanAshland, VirginiaSuzhou, China
The rest of Item 2
Manufacturing and Distribution · Feluy, Belgium (lubricant additives; also storage and distribution)Houston, Texas (lubricant and fuel additives; also storage and distribution)Jurong Island, Singapore (lubricant and fuel additives; leased land)Port Arthur, Texas (lubricant additives)Rio de Janeiro, Brazil (lubricant and fuel additives storage and distribution; equipment is owned; building is leased)San Juan del Rio, Mexico (lubricant additives)Sauget, Illinois (lubricant additives)Cedar City, Utah (specialty materials) Lake Charles, Louisiana (specialty materials)
We own our corporate headquarters located in Richmond, Virginia, and generally lease our regional and sales offices in a number of locations worldwide.
NewMarket Development manages the real property we own in Richmond, Virginia consisting of approximately 50 acres. Our corporate offices are included in this acreage, as well as a research and testing facility and several acres dedicated to other uses. We are exploring various development opportunities for portions of the property as the demand warrants. This effort is ongoing in nature.
Production Capacity
We believe our plants and supply agreements are sufficient to meet expected sales levels. Operating rates of the plants vary with product mix and normal sales swings. We believe that our facilities are well maintained and in good operating condition.
Things Wikidata records the company as owning, with the share when stated.1
The story
NewMarket Corporation was founded in 1887 as the Albemarle Paper Manufacturing Company. In 1964, Albemarle Paper Manufacturing Company acquired Ethyl Corporation, a company started in 1924 by Charles Kettering following the development of Tetraethyllead, an anti-knocking agent for gasoline engines in passenger vehicles.
Ethyl Corporation acquired Edwin Cooper, Inc., a supplier of oil and lubricant additives, in 1975. The acquisitions continued with U.S.-based Amoco Petroleum Additives and Japan-based Nippon Cooper in 1992, and Texaco Additives Company in 1996.
NewMarket Corporation was incorporated in 2004 and renamed its Ethyl Petroleum Additives, Inc. subsidiary as Afton Chemical Corporation. Afton acquired GE Water & Process Technologies’ fuel additives business in 2008 and acquired metalworking additives producer Polartech in 2010.
NewMarket Corporation produces lubricant and fuel additives through two subsidiaries: Afton Chemical Corporation and Ethyl Corporation. Two additional subsidiaries, NewMarket Services Corporation and NewMarket Development Corporation, primarily provide operational support.
Afton Chemical Corporation
Afton Chemical Corporation produces fuel additives and lubricant additives. The company also produces driveline additives and a variety of industrial additives, such as hydraulic lubricants and metalworking fluid components.
Afton Chemical has manufacturing locations throughout the United States, as well as in Belgium, England, India, China, Brazil Mexico and Singapore The company also has regional offices in North America, Latin America, Asia Pacific, Europe, India and the Middle East and a R&D technical center for vehicle-based research in Ashland, Virginia.
Read the full text
Gina Harm is the president of Afton Chemical.
Ethyl Corporation
Ethyl provides contract manufacturing services to Afton and to third parties and is a marketer of tetraethyl lead in North America. The company was founded in 1924 after Charles Kettering and a team of scientists discovered an anti-knocking agent for vehicle engines in 1921. Ethyl Corporation is based in Richmond, Virginia, and has a manufacturing plant in Houston, Texas. John Street is the president of Ethyl Corporation.
NewMarket Services Corporation
NewMarket Services Corporation provides administrative services to NewMarket Corporation and its subsidiaries.
NewMarket Development Corporation
New Market Development Corporation manages the approximately 57-acre property that NewMarket Corporation owns in Richmond, Virginia.
Oct 23, 2024Reported quarterly or annual results68
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
216 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 55 major events, 94 insider forms, 24 large holders, 23 other. The latest 20:
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How NewMarket Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).19
Risk factors and legal proceedings
The risks NewMarket Corporation names in Item 1A of its 10-K filed Feb 12, 2026: 22 risks under these headings, as written.19
Market and Supply Chain Risks
•Sudden, sharp, or prolonged changes in the prices of and/or demand for raw materials may adversely affect our profit margins.
•Lack of availability of raw materials, including sourcing from some single suppliers, could negatively impact our ability to meet customer demand.
•Competitive pressures could adversely affect our margins and profitability.
•We rely on a small number of significant customers concentrated in the lubricant and fuel industries. The loss of sales to any of these customers could significantly reduce our revenues and negatively affect our profitability.
•A significant portion of our specialty materials business is under contracts with contractors or subcontractors of the U.S. government or directly with the U.S. government. These contracts are impacted by governmental priorities, as well as shutdowns, and are subject to potential fluctuations in
funding or early termination, including for convenience, any of which could have a material adverse effect on our results of operations, financial condition, or cash flows.
Operational Risks
•A disruption in the availability or capacity of distribution systems could negatively impact our ability to meet our customers’ needs and affect our competitive position.
•A significant disruption or disaster at one of our production facilities, including those facilities which are sole producers of certain of our products, could result in our inability to meet production requirements and projected customer demand resulting in a negative impact to our profitability and relationships with our customers. These could also potentially result in us incurring significant liabilities.
•Our research and development efforts are costly and may not succeed, which could impair our ability to meet our customers’ needs, affect our competitive position, and result in a loss of market share.
•In order to be successful, we must attract and retain a highly qualified workforce, including key employees in R&D and leadership positions.
The other 12 risks
•Failure to protect our intellectual property rights could harm our competitive position and could adversely affect our future performance and growth.
•An information technology system failure may adversely affect our business.
•The occurrence or threat of extraordinary events, including domestic or international terrorist attacks, war, armed hostilities, or health-related epidemics, may disrupt our operations, decrease demand for our products, and increase our expenses.
•We face risks related to our foreign operations that may negatively affect our business.
•The insurance we maintain may not fully cover all potential exposures.
Legislative and Regulatory Risks
•Our business could be adversely affected by current and future governmental regulation.
•Legal proceedings and other claims could impose substantial costs on us.
•Environmental matters could have a substantial negative impact on our business.
Financial and Economic Risks
•A substantial amount of indebtedness could adversely impact our business and limit our operational and financial flexibility.
•We are exposed to fluctuations in foreign exchange rates, which may adversely affect our results of operations.
•We could be required to make additional contributions to our pension plans, which may be underfunded due to any underperformance of equity markets.
Acquisition and Investment Risks
•We may be unable to complete a proposed acquisition transaction due to a lack of regulatory approval or the failure of one or more parties to satisfy conditions to close. In addition, we may not be able to realize the expected benefits from acquisitions or from investments in our infrastructure, or it may take longer to realize those benefits than originally planned. The inability to achieve our objectives related to these activities could result in unanticipated expenses and losses.
Legal proceedings
We are involved in legal proceedings that are incidental to our business and may include administrative or judicial actions. Some of these legal proceedings involve governmental authorities and relate to environmental matters. For further information, see the Environmental section in Note 21 to the Consolidated Financial Statements included in Item 8, "Financial Statements and Supplementary Data".
While it is not possible to predict or determine with certainty the outcome of any legal proceeding, we believe the outcome of any of these proceedings, or all of them combined, will not result in a material adverse effect on our consolidated results of operations, financial condition, or cash flows.
