NewMarket Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,725	2,787	2,698	2,765	2,356
Revenue Growth (YoY)	-2.20%	3.27%	-2.40%	17.35%	17.16%
Cost of Revenue	1,868	1,900	1,926	2,124	1,808
Gross Profit	857.4	886.35	772.51	640.5	547.71
Selling, General & Admin	128.15	128.26	114.3	109.52	119.95
Research & Development	132.09	124.9	138	140.25	143.95
Operating Expenses	260.24	253.16	252.3	249.77	263.9
Operating Income	597.16	633.19	520.22	390.73	283.81
Interest Expense	-39.69	-57.37	-37.36	-35.2	-34.22
Other Non Operating Income (Expenses)	3.5	9.28	6.11	-0.25	5.4
EBT Excluding Unusual Items	560.96	585.11	488.96	355.28	254.99
Merger & Restructuring Charges	-1	-1	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-7.44
Other Unusual Items	0.6	-	-	-7.55	-
Pretax Income	560.56	584.11	488.96	347.73	247.55
Income Tax Expense	141.82	121.69	100.1	68.2	56.64
Net Income	418.75	462.41	388.86	279.54	190.91
Preferred Dividends & Other Adjustments	1.62	1.65	1.34	0.88	0.46
Net Income to Common	417.13	460.76	387.53	278.66	190.45
Net Income Growth	-9.44%	18.91%	39.11%	46.43%	-29.44%
Shares Outstanding (Basic)	9	10	10	10	11
Shares Outstanding (Diluted)	9	10	10	10	11
Shares Change (YoY)	-1.77%	-0.29%	-4.50%	-6.70%	-1.87%
EPS (Basic)	44.44	48.22	40.44	27.77	17.71
EPS (Diluted)	44.44	48.22	40.44	27.77	17.71
EPS Growth	-7.84%	19.25%	45.63%	56.83%	-28.15%
Free Cash Flow	491.33	462.27	528.53	52.45	86.4
Free Cash Flow Per Share	52.35	48.38	55.15	5.23	8.03
Dividend Per Share	11.250	10.000	8.850	8.400	8.000
Dividend Growth	12.50%	12.99%	5.36%	5.00%	5.26%
Gross Margin	31.46%	31.81%	28.63%	23.17%	23.25%
Operating Margin	21.91%	22.72%	19.28%	14.13%	12.05%
Profit Margin	15.31%	16.54%	14.36%	10.08%	8.08%
Free Cash Flow Margin	18.03%	16.59%	19.59%	1.90%	3.67%
EBITDA	719.58	750.15	598.23	473.01	368.13
EBITDA Margin	26.41%	26.92%	22.17%	17.11%	15.62%
D&A For EBITDA	122.42	116.96	78.01	82.29	84.32
EBIT	597.16	633.19	520.22	390.73	283.81
EBIT Margin	21.91%	22.72%	19.28%	14.13%	12.05%
Effective Tax Rate	25.30%	20.83%	20.47%	19.61%	22.88%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.