NEU on NYSE

NewMarket Corporation

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

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.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1887Founded1

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  • TickerNEU on NYSE1
  • Industrychemical industry1
  • HeadquartersRichmond1
  • Websitewww.newmarket.com
  • Incorporated inVA6
  • Business address330 S Fourth St, Po Box 2189, Richmond, Va 23218-21896
  • Filer categoryLarge accelerated filer6
  • Legal formStock Corporation4
  • LEI54930082CG88ERDREQ474
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O Anne Marie Anderson, 23219 Richmond, United States4
  • Registered withState Corporation Commission, 061236994

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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.

Key numbers, fiscal 2025

31.5%Gross margin8
20.0%Operating margin8
15.4%Net margin8
-2.2%Revenue growth, 20258
23.5%Return on equity8
0.50×Debt to equity8
$491.3MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Petroleum Additives brought in 93% of the revenue NewMarket Corporation broke down this way in fiscal 2025.

  1. Petroleum Additives$2.5B893%down 4% from 2024
  2. Specialty Materials$182.5M87%up 29% from 2024
  3. Other Operating$9.1M80%up 0% from 2024
Business segments by year
Business segments202320242025
Petroleum Additives$2.7B$2.6B$2.5B
Specialty Materials$0$141.2M$182.5M
Other Operating$8.7M$9.1M$9.1M

Regions

United States brought in 39% of the revenue NewMarket Corporation broke down this way in fiscal 2025.

  1. United States$1.1B839%down 3% from 2024
  2. Europe, Middle East, Africa, India$818.8M830%up 4% from 2024
  3. Asia Pacific$518.5M819%down 10% from 2024
  4. Other Foreign$320.6M812%down 3% from 2024
Regions by year
Regions202320242025
United States$973.0M$1.1B$1.1B
Europe, Middle East, Africa, India$791.7M$786.8M$818.8M
Asia Pacific$583.0M$573.3M$518.5M
Other Foreign$350.8M$330.6M$320.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue67¢$1.9B
  • Research and development5¢$132.1M
  • Selling, general and admin7¢$181.6M
  • Interest1¢$39.7M
  • Income tax5¢$141.8M
  • Profit15¢$418.7M

Out of $2.7B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending14¢$77.6M
  • Dividends paid19¢$105.9M
  • Share buybacks14¢$77.2M
  • Kept or used elsewhere54¢$308.2M

Out of $569.0M of cash from operations.8

Financial statements

Revenue91011128$2.7B in 2025+24% since 2019
0$1.0B$2.0B$3.0B2019: $2.2B$2.2B20192020: $2.0B$2.0B2020−8%2021: $2.4B$2.4B2021+17%2022: $2.8B$2.8B2022+17%2023: $2.7B$2.7B2023−2%2024: $2.8B$2.8B2024+3%2025: $2.7B$2.7B2025−2%
Gross profit91011128$857.4M in 2025+36% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $629.9M$629.9M20192020: $595.0M$595.0M2020−6%2021: $547.7M$547.7M2021−8%2022: $640.5M$640.5M2022+17%2023: $772.5M$772.5M2023+21%2024: $886.3M$886.3M2024+15%2025: $857.4M$857.4M2025−3%
Operating income91011128$543.7M in 2025+61% since 2019
0$200.0M$400.0M$600.0M2019: $337.3M$337.3M20192020: $311.8M$311.8M2020−8%2021: $257.8M$257.8M2021−17%2022: $355.1M$355.1M2022+38%2023: $483.0M$483.0M2023+36%2024: $590.0M$590.0M2024+22%2025: $543.7M$543.7M2025−8%
Net income91011128$418.7M in 2025+65% since 2019
0$200.0M$400.0M$600.0M2019: $254.3M$254.3M20192020: $270.6M$270.6M2020+6%2021: $190.9M$190.9M2021−29%2022: $279.5M$279.5M2022+46%2023: $388.9M$388.9M2023+39%2024: $462.4M$462.4M2024+19%2025: $418.7M$418.7M2025−9%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
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

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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.

From Wikipedia’s article on NewMarket Corporation, shared under CC BY-SA 4.0.7

Leadership

Who has led NewMarket Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Thomas E. Gottwald2006–now

Chair

  1. Thomas E. Gottwald2014–now

President

  1. C. S. Warren Huang2006–2012
  2. L. Gottwald Russell Jr.2006–2008
  3. Thomas E. Gottwald2006–2013
  4. Robert A. Shama2013–2017
  5. Regina A. Harm2018–2020
  6. Brian D. Paliotti2023–now

Chief financial officer

  1. David A. Fiorenza2012–2015
  2. Brian D. Paliotti2015–2020
  3. William J. Skrobacz2024
  4. Timothy K. Fitzgerald2025–now
197019801990200020102020
Board members and other officers (22)

Products and brands

  • petroleum industry

Listed on Wikidata.1

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.

From Wikipedia’s article on NewMarket Corporation, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Feb 7, 2006New chief executive Thomas E. Gottwald becomes CEO18
  2. 1887Founded Founded1

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:

  1. Oct 6, 20264 EDGAR
  2. Sep 10, 20264 EDGAR
  3. Aug 13, 20268-K EDGAR
  4. Jul 30, 202610-Q EDGAR
  5. Jul 29, 20268-K EDGAR
  6. Jul 1, 20264 EDGAR
  7. Jul 1, 20264 EDGAR
  8. Jul 1, 20264 EDGAR
  9. Jul 1, 20264 EDGAR
  10. Jul 1, 20264 EDGAR
  11. Jun 29, 20264 EDGAR
  12. Jun 8, 20264 EDGAR
  13. May 18, 202611-K EDGAR
  14. May 14, 2026SCHEDULE 13G/A EDGAR
  15. Apr 23, 202610-Q EDGAR
  16. Apr 23, 20268-K EDGAR
  17. Apr 22, 20268-K EDGAR
  18. Mar 27, 2026SCHEDULE 13G/A EDGAR
  19. Mar 12, 2026ARS EDGAR
  20. Mar 12, 2026DEFA14A EDGAR

The 216 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 1 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 24, 2026Xu TingDirectorBuy400$619.21$247.7KForm 4
May 12, 2025Hazelgrove Bruce R IIIEVP & CAOSale311$642.43$199.8KForm 4
Aug 9, 2024Hazelgrove Bruce R IIIEVP & CAOSale1,270$544.31$691.3KForm 4
Mar 6, 2024GOTTWALD THOMAS EChairman, President & CEOSale216$632.00$136.5KForm 4
Mar 5, 2024GOTTWALD THOMAS EChairman, President & CEOSale3,000$643.14$1.9MForm 4
Mar 4, 2024GOTTWALD THOMAS EChairman, President & CEOSale4,884$646.32$3.2MForm 4
Feb 6, 2023ROGERS JAMES EDirectorSale393$360.24$141.6KForm 4
Nov 8, 2021ROGERS JAMES EDirectorSale553$337.13$186.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

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.

FundSharesValueShare of the fundChange
BlackRock, Inc.703,123$556.3M0.0%−13,560
London Co Of Virginia488,482$386.5M2.2%+27,455
Vanguard Portfolio Management LLC416,063$329.2M0.0%−34,417
Vanguard Capital Management LLC348,834$276.0M0.0%−5,457
Boston Partners323,902$256.0M0.2%+72,780
Aqr Capital Management LLC270,011$213.6M0.1%+151,670
State Street Corp234,065$185.9M0.0%+422
American Century Companies Inc209,436$165.7M0.1%+40,792
Dimensional Fund Advisors LP205,661$162.7M0.0%+11,154
Geode Capital Management, LLC190,942$151.1M0.0%+6,212
Gotham Asset Management, LLC130,865$103.5M0.2%+93,187
Charles Schwab Investment Management Inc102,184$80.9M0.0%−661
Morgan Stanley98,334$77.8M0.0%+4,863
Caisse de depot et placement du Quebec91,650$72.5M0.1%−42,321
Northern Trust Corp82,458$65.2M0.0%+290
Norges Bank82,266$65.1M0.0%New
Goldman Sachs Group Inc73,501$58.2M0.0%+20,815
Invesco Ltd.73,081$57.8M0.0%−1,648
Bank of New York Mellon Corp71,085$56.2M0.0%−5,164
Bank Of America Corp /de/60,849$48.1M0.0%+10,935
UBS Group AG59,120$46.8M0.0%−39,728
Jpmorgan Chase & Co55,231$43.9M0.0%−793
Arrowstreet Capital, Limited Partnership54,629$43.2M0.0%+17
Vanguard Fiduciary Trust Co48,244$38.2M0.0%−261
Jones Financial Companies Lllp47,595$37.7M0.0%+14,127

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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