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Newmarket Corp. (NEU) Fundamental Analysis & AI Grade 2026

NEU NYSE Industrial Organic Chemicals VA CIK: 0001282637
Updated This Month • Analysis: Apr 29, 2026 • SEC Data: 2026-03-31
Combined AI Grade
A
75% Confidence
AGREEMENT
B
72% Conf
A
78% Conf

📊 NEU Key Takeaways

Revenue: $669.7M
Net Margin: 17.6%
Free Cash Flow: $99.7M
Current Ratio: 2.55x
Debt/Equity: 0.54x
EPS: $12.62
AI Grade: B with 72% confidence
Newmarket Corp. (NEU) receives a A fundamental grade with 75% confidence from our AI analysis based on SEC 10-K filings. With revenue of $669.7M, net profit margin of 17.6%, and return on equity (ROE) of 6.8%, Newmarket Corp. demonstrates strong fundamentals in the Materials sector. Below is our complete NEU stock analysis for 2026.

Is Newmarket Corp. (NEU) a Good Investment?

Claude

Newmarket exhibits strong profitability margins (21.4% operating margin) and excellent free cash flow generation ($99.7M), supported by fortress-like debt service coverage (16.3x). However, declining revenue (-2.2% YoY) and diluted EPS (-7.8% YoY) coupled with weak returns on capital (ROE 6.8%, ROA 3.4%) indicate limited growth prospects and suboptimal capital deployment, positioning the company as a stable cash generator rather than a growth opportunity.

ChatGPT

Strong margins, double-digit ROE/ROA, and an 18% free cash flow margin indicate a high-quality, cash-generative chemicals business with prudent leverage. Despite a modest revenue decline and lower EPS, liquidity and interest coverage remain robust, supporting durable profitability. If management stabilizes volumes while preserving pricing, earnings power should remain resilient.

Newmarket Corp. Key Strengths (NEU)

Claude
  • + Exceptional profitability margins with 21.4% operating margin and 17.6% net margin, demonstrating pricing power and operational efficiency in industrial chemicals
  • + Robust free cash flow generation of $99.7M with 14.9% FCF margin, providing financial flexibility and shareholder return capacity
  • + Fortress-like balance sheet with 16.3x interest coverage ratio and moderate 0.54x debt-to-equity ratio, indicating minimal financial distress risk
ChatGPT
  • + High profitability (20% operating, 15.4% net margins)
  • + Robust free cash flow (18% FCF margin) with strong ROE/ROA
  • + Solid balance sheet and liquidity (0.50x D/E, 2.53x current ratio, 13.7x interest coverage)

NEU Stock Risks: Newmarket Corp. Investment Risks

Claude
  • ! Declining top-line revenue (-2.2% YoY) signals deteriorating market demand or competitive pressures in the industrial chemicals sector
  • ! Weak return on equity (6.8%) and return on assets (3.4%) reveal poor capital efficiency despite strong cash generation, indicating value destruction on the $3.5B asset base
  • ! EPS declining (-7.8% YoY) despite flat net income suggests share dilution and masks underlying operational challenges
ChatGPT
  • ! Top-line contraction (-2.2% YoY) suggests cyclical demand or pricing pressure
  • ! EPS decline (-7.8% YoY) implies potential dilution or operating deleverage risk
  • ! Raw material/energy cost volatility and regulatory pressures could compress margins

Key Metrics to Watch

Claude
  • * Revenue stabilization and operating margin sustainability in next quarters
  • * Return on equity improvement and capital allocation decisions
  • * Free cash flow deployment strategy and share buyback execution
ChatGPT
  • * Revenue growth (YoY)
  • * Free cash flow margin

Newmarket Corp. (NEU) Financial Metrics & Key Ratios

Revenue
$669.7M
Net Income
$118.1M
EPS (Diluted)
$12.62
Free Cash Flow
$99.7M
Total Assets
$3.5B
Cash Position
$73.2M

💡 AI Analyst Insight

Strong liquidity with a 2.55x current ratio provides a solid financial cushion.

NEU Profit Margin, ROE & Profitability Analysis

Gross Margin 33.0%
Operating Margin 21.4%
Net Margin 17.6%
ROE 6.8%
ROA 3.4%
FCF Margin 14.9%

NEU vs Materials Sector: How Newmarket Corp. Compares

How Newmarket Corp. compares to Materials sector averages

Net Margin
NEU 17.6%
vs
Sector Avg 10.0%
NEU Sector
ROE
NEU 6.8%
vs
Sector Avg 14.0%
NEU Sector
Current Ratio
NEU 2.6x
vs
Sector Avg 1.6x
NEU Sector
Debt/Equity
NEU 0.5x
vs
Sector Avg 0.6x
NEU Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Newmarket Corp. Stock Overvalued? NEU Valuation Analysis 2026

Based on fundamental analysis, Newmarket Corp. has mixed fundamental signals relative to the Materials sector in 2026.

Return on Equity
6.8%
Sector avg: 14%
Net Profit Margin
17.6%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.54x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Newmarket Corp. Balance Sheet: NEU Debt, Cash & Liquidity

Current Ratio
2.55x
Quick Ratio
1.37x
Debt/Equity
0.54x
Debt/Assets
50.6%
Interest Coverage
16.33x
Long-term Debt
$939.6M

NEU Revenue & Earnings Growth: 5-Year Financial Trend

NEU 5-year financial data: Year 2021: Revenue $2.4B, Net Income $254.3M, EPS N/A. Year 2022: Revenue $2.8B, Net Income $270.6M, EPS $24.64. Year 2023: Revenue $2.8B, Net Income $190.9M, EPS $17.71. Year 2024: Revenue $2.8B, Net Income $279.5M, EPS $27.77. Year 2025: Revenue $2.8B, Net Income $388.9M, EPS $40.44.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Newmarket Corp.'s revenue has grown significantly by 18% over the 5-year period, indicating strong business expansion. The most recent EPS of $40.44 reflects profitable operations.

NEU Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
14.9%
Free cash flow / Revenue

NEU Quarterly Earnings & Performance

Quarterly financial performance data for Newmarket Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $669.7M $118.1M $12.62
Q3 2025 $690.3M $100.3M $10.67
Q2 2025 $698.5M $111.2M $11.63
Q1 2025 $696.7M $107.7M $11.23
Q3 2024 $667.2M $111.2M $11.60
Q2 2024 $685.1M $99.6M $10.36
Q1 2024 $696.7M $97.6M $10.09
Q3 2023 $667.2M $63.2M $6.32

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Newmarket Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$124.0M
Cash generated from operations
Stock Buybacks
$125.6M
Shares repurchased (TTM)
Capital Expenditures
$24.4M
Investment in assets
Dividends Paid
$28.0M
Returned to shareholders

NEU SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Newmarket Corp. (CIK: 0001282637)

📋 Recent SEC Filings

Date Form Document Action
Apr 23, 2026 8-K d127448d8k.htm View →
Apr 23, 2026 10-Q neu-20260331.htm View →
Apr 22, 2026 8-K neu-20260422.htm View →
Mar 12, 2026 DEF 14A d48457ddef14a.htm View →
Feb 26, 2026 8-K d113597d8k.htm View →

Frequently Asked Questions about NEU

What is the AI rating for NEU?

Newmarket Corp. (NEU) has a Combined AI Grade of A from Claude (B) and ChatGPT (A) with 75% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are NEU's key strengths?

Claude: Exceptional profitability margins with 21.4% operating margin and 17.6% net margin, demonstrating pricing power and operational efficiency in industrial chemicals. Robust free cash flow generation of $99.7M with 14.9% FCF margin, providing financial flexibility and shareholder return capacity. ChatGPT: High profitability (20% operating, 15.4% net margins). Robust free cash flow (18% FCF margin) with strong ROE/ROA.

What are the risks of investing in NEU?

Claude: Declining top-line revenue (-2.2% YoY) signals deteriorating market demand or competitive pressures in the industrial chemicals sector. Weak return on equity (6.8%) and return on assets (3.4%) reveal poor capital efficiency despite strong cash generation, indicating value destruction on the $3.5B asset base. ChatGPT: Top-line contraction (-2.2% YoY) suggests cyclical demand or pricing pressure. EPS decline (-7.8% YoY) implies potential dilution or operating deleverage risk.

What is NEU's revenue and growth?

Newmarket Corp. reported revenue of $669.7M.

Does NEU pay dividends?

Newmarket Corp. pays dividends, with $28.0M distributed to shareholders in the trailing twelve months.

Where can I find NEU SEC filings?

Official SEC filings for Newmarket Corp. (CIK: 0001282637) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is NEU's EPS?

Newmarket Corp. has a diluted EPS of $12.62.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is NEU's fundamental grade?

Based on our AI fundamental analysis in May 2026, Newmarket Corp. has a A grade with 75% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is NEU stock overvalued or undervalued?

Valuation metrics for NEU: ROE of 6.8% (sector avg: 14%), net margin of 17.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is NEU's AI grade for 2026?

Our dual AI analysis gives Newmarket Corp. a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is NEU's free cash flow?

Newmarket Corp.'s operating cash flow is $124.0M, with capital expenditures of $24.4M. FCF margin is 14.9%.

How does NEU compare to other Materials stocks?

Vs Materials sector averages: Net margin 17.6% (avg: 10%), ROE 6.8% (avg: 14%), current ratio 2.55 (avg: 1.6).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 29, 2026 | Data as of: 2026-03-31 | Powered by Claude AI