NewMarket Corporation (NEU) Stock

NewMarket Corporation (NEU) is a Materials stock trading at $779.16 (as of 2026-07-24), with a market capitalization of $7.17B and a trailing P/E of 17.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NewMarket Corporation, through its subsidiaries, manufactures petroleum-related additive products, including lubricant additives for engine, transmission, hydraulic and other industrial fluids, as well as fuel additives used in refining and to improve performance of gasoline, diesel, biofuels and other fuels. It also produces antiknock compounds and supplies customers such as industry, government, original equipment manufacturers and individual end users.

Understand NewMarket Corporation: how it makes money

NewMarket Corporation makes petroleum additive products, including lubricant additives for engine oils, transmission fluids, and other industrial uses, and earns money by selling these additives to customers in vehicle and industrial applications.

Because most net sales come from petroleum additives, profit is primarily driven by demand and volume (shipments), so a shipments decline is a direct headwind to results.

Revenue by segment (latest quarter)
Pet Additives	$0.6B
Specialty Materials	$0.1B
All Other	$0.0B

Business quality (Mixed): The company is a focused additives business with clear segment revenue concentration in petroleum additives, but recent shipment declines suggest near-term volume pressure that can outweigh profitability strength.

Valuation: At 18× earnings, NEU trades 53% below the Chemicals average (38×). Note: one-time items can distort reported P/E.

Bull case

Concentrated core franchise: Petroleum Additives Net Sales are the majority of total net sales (0.61B out of 0.7B), supporting a clearly identifiable main revenue engine.
Profitability is present: The latest period shows 33.0% gross margin and 21.4% operating margin, indicating the business converts sales into operating profit.
Some diversification: Specialty Materials Net Sales contribute a smaller portion of sales (0.06B), which can provide partial diversification versus petroleum additives alone.

Bear case

Volume pressure is visible: Shipments Decline is 17.0% (imp 3), and Quarterly Shipments Decline is 8.0% (imp 3), both pointing to weaker shipment trends.
Revenue sensitivity to petroleum additives: With most net sales tied to petroleum additives, any sustained decline in that end market can disproportionately affect total results.
Smaller secondary segment: Specialty Materials is smaller (0.06B), so it may be harder to offset weakness in petroleum additives if it persists.

Valuation — source: SEC EDGAR (first-party)
Price	$779.16
Market Cap	$7.17B
P/E Ratio	17.4
EV / EBITDA	12.3
Price / Book	4.14
Price / Sales	2.66
FCF Yield	6.7%
DCF Value (model)	$541.65
DCF Upside vs Price	-30.5%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$2.73B
Net Margin	15.4%
Revenue Growth (YoY)	-4.5%
EPS Growth (YoY)	-4.8%
FCF Growth (YoY)	-7.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	4.75 (safe)
Piotroski F-Score	5/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	17.4
Sector P/E (Materials)	27.1
Industry P/E (Chemicals)	31.7
vs Sector	-35.7%
vs Industry	-44.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($569.60M)
Institutional Holders Tracked	10

Company
Sector	Materials
Industry	Chemicals
CEO	Thomas E. Gottwald
Employees	2,060
Country	US
IPO Date	1980-03-17

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.