NEU
NewMarket Corporation
NEU's fundamentals are mixed: it turned 14% of its revenue into free cash flow, while its operating margin held steady at 20%. At 14x earnings, it's trading in line with its usual 15x.
NEU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Healthy |
NEU's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
NEU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $623 | -11% |
| Current | 14x | $703 | — |
| Fair | 15x | $751 | +6.8% |
| Expensive | 18x | $878 | +25% |
Historical ranges are pointers, not guarantees.
NEU's PE is in its fair range at 14x.
NEU Forward outlook
There aren't enough analyst estimates for NEU to show an outlook.
NEU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $49.33 | +4.2% |
| Q2 2026 | $46.50 | -7.8% |
| Q1 2026 | $43.80 | -13% |
| Q4 2025 | $44.44 | -7.8% |
| Q3 2025 | $47.34 | +5.1% |
| Q2 2025 | $50.46 | +18% |
| Q1 2025 | $50.25 | +21% |
| Q4 2024 | $48.22 | +19% |
NEU earned $49.33 per share over the past year, up 4.2% from the year before.
NEU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $716.5M | +3.8% |
| Q2 2026 | $747.1M | +7% |
| Q1 2026 | $669.7M | -4.5% |
| Q4 2025 | $635.4M | -2.9% |
| Q3 2025 | $690.3M | -4.8% |
| Q2 2025 | $698.5M | -1.7% |
| Q1 2025 | $700.9M | +0.6% |
| Q4 2024 | $654.6M | +1.8% |
NEU's revenue grew through 2022 and has held roughly level since: $717M last quarter, up 3.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +1 points |
| Q2 2026 | 22% | +1.4 points |
| Q1 2026 | 21% | -1.4 points |
| Q4 2025 | 17% | -3 points |
| Q3 2025 | 19% | -4.4 points |
| Q2 2025 | 20% | -0.2 points |
| Q1 2025 | 23% | +2.6 points |
| Q4 2024 | 20% | +4.5 points |
NEU's operating margin was 20% last quarter, up 1 points from the same quarter a year ago.
NEU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31.8M | -72% |
| Q2 2026 | $134.7M | -3.4% |
| Q1 2026 | $99.7M | -7.1% |
| Q4 2025 | $117.2M | -31% |
| Q3 2025 | $112.3M | +9.6% |
| Q2 2025 | $139.5M | +40% |
| Q1 2025 | $107.3M | +20% |
| Q4 2024 | $170.6M | +7.9% |
NEU generated $383M in free cash flow over the past year, down 28% from the year before.
NEU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +1K shares |
| 1 year | -2.1% | -200K shares |
| 3 years | -4.1% | -396K shares |
| 5 years | -15% | -1.7M shares |
| Available history | -18% | -2M shares |
NEU has 9M diluted shares, down 2.1% from a year ago, with $126M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $861,000 |
| Q1 2026 | $125.6M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $20.2M |
| Q1 2025 | $57.1M |
| Q4 2024 | $31.9M |
NEU spent $126M buying back its own shares over the past year, up 16% from the year before.
NEU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.1x | Healthy |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.0x | Very low |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.3x | Healthy |
NEU's net debt is about 1.1 years of its operating earnings (EBITDA), about the same as a year ago.
NEU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.5 | Neutral |
| Stochastic | 5.0 | Oversold |
NEU's weekly RSI is 37 (neutral) and its Stochastic is 5 (oversold).
NEU PE vs Basic Materials Sector
| Metric | NEU | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 19x | 23% below |
| PE % | 39 | 40 | 1 pt below |
NEU is trading at 14x earnings, a 23% discount to the Basic Materials sector's median of 19x.
NEU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $830.4 | 15% below |
| 20 week MA | $848.0 | 17% below |
| 50 week MA | $753.1 | 6.7% below |
| 100 week MA | $706.4 | 0.5% below |
| 200 week MA | $600.4 | 17% above |
NEU has fallen below most of its moving averages, though it's still 17% above its 200-week average.
NEU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $483.6 | $399.7 | -17% |
| 2021 | $399.7 | $342.8 | -14% |
| 2022 | $342.8 | $310.1 | -9.6% |
| 2023 | $310.1 | $545.8 | +76% |
| 2024 | $545.8 | $531.9 | -2.5% |
| 2025 | $531.9 | $709.1 | +33% |
| 2026 YTD | $709.1 | $702.9 | -0.9% |
NEU has finished lower in four of the last six years. It's down 0.9% so far in 2026.