NEWMARKET CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.73B | $2.79B | $2.70B | $2.76B | $2.36B | $2.01B | $2.19B | $2.29B |
| Cost of Revenue | $1.87B | $1.90B | $1.93B | $2.12B | $1.81B | $1.42B | $1.56B | $1.70B |
| Gross Profit | $857.4M | $886.3M | $772.5M | $640.5M | $547.7M | $595.0M | $629.9M | $585.4M |
| Gross Margin | 31.5% | 31.8% | 28.6% | 23.2% | 23.2% | 29.6% | 28.8% | 25.6% |
| Operating Expenses | ||||||||
| Research & Development | $132.1M | $124.9M | $138.0M | $140.3M | $144.0M | $140.4M | $144.5M | $140.3M |
| SG&A Expense | $181.6M | $171.4M | $151.5M | $145.1M | $146.0M | $142.9M | $148.1M | $152.4M |
| Operating Income | $543.7M | $590.0M | $483.0M | $355.1M | $257.8M | $311.8M | $337.3M | $292.7M |
| Operating Margin | 20.0% | 21.2% | 17.9% | 12.8% | 10.9% | 15.5% | 15.4% | 12.8% |
| Interest Expense | $39.7M | $57.4M | $37.4M | $35.2M | $34.2M | $26.3M | $29.2M | $26.7M |
| Pretax Income | $560.6M | $584.1M | $489.0M | $347.7M | $247.6M | $331.3M | $331.6M | $290.3M |
| Income Tax Expense | $141.8M | $121.7M | $100.1M | $68.2M | $56.6M | $60.7M | $77.3M | $55.6M |
| Net Income | $418.7M | $462.4M | $388.9M | $279.5M | $190.9M | $270.6M | $254.3M | $234.7M |
| Net Margin | 15.4% | 16.6% | 14.4% | 10.1% | 8.1% | 13.5% | 11.6% | 10.3% |
| EPS (Basic) | $44.44 | $48.22 | $40.44 | $27.77 | $17.71 | $24.64 | $22.73 | $20.34 |
| EPS (Diluted) | $44.44 | $48.22 | $40.44 | $27.77 | $17.71 | $24.64 | $22.73 | $20.34 |
| Shares Outstanding (Basic) | 9.4M | 9.6M | 9.6M | 10.0M | 10.8M | 11.0M | 11.2M | 11.2M |
| Shares Outstanding (Diluted) | 9.4M | 9.6M | 9.6M | 10.0M | 10.8M | 11.0M | 11.2M | 11.2M |
| Dividends Per Share | $11.25 | $10.00 | $8.85 | $8.40 | $8.00 | $7.60 | $7.30 | $7.00 |