NewMarket Corporation is a company that primarily serves the petroleum additives industry.The Company produces lubricant and fuel additives through two subsidiaries: Afton Chemical Corporation and Ethyl Corporation. Two additional subsidiaries, NewMarket Services Corporation and NewMarket Development Corporation, primarily provide operational support. Afton Chemical Corporation produces fuel additives that boost fuel performance and lubricant additives that improve the functionality, durability, and performance of oils. The Company also produces driveline additives and a variety of industrial additives, such as hydraulic lubricants and metalworking fluid components. Ethyl provides contract manufacturing services to Afton and to third parties and is a marketer of TEL in North America. NewMarket Services Corporation provides administrative services to NewMarket Corporation and its subsidiaries. New Market Development Corporation manages the property that NewMarket Corporation owns in Richmond, Virginia.

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Employee Rating

4.0More
TypePublic
HQRichmond, US
Founded1887
Size (employees)2,223 (est)
Websitenewmarket.com
NewMarket was founded in 1887 and is headquartered in Richmond, US
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NewMarket Office Locations

NewMarket has an office in Richmond
Richmond, (HQ)
330 S 4th St
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NewMarket Financials and Metrics

NewMarket Revenue

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NewMarket's revenue was reported to be $2.20 b in FY, 2017
USD

Revenue (Q3, 2018)

563.2m

Gross profit (Q3, 2018)

140.9m

Gross profit margin (Q3, 2018), %

25%

Net income (Q3, 2018)

58.5m

EBIT (Q3, 2018)

68.1m

Market capitalization (4-Dec-2018)

4.6b

Closing stock price (4-Dec-2018)

407.5

Cash (30-Sep-2018)

147.9m

EV

5.3b
NewMarket's current market capitalization is $4.6 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

2.1b2.0b2.2b

Cost of goods sold

1.5b1.4b1.6b

Gross profit

679.1m680.8m642.0m

Gross profit Margin, %

32%33%29%
Quarterly
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Net Income

264.7m238.6m243.4m190.5m

Depreciation and Amortization

46.1m42.3m44.9m55.3m

Inventories

3.1m(21.7m)14.5m(44.9m)

Accounts Payable

5.8m(8.8m)18.5m18.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

210.7m57.5m124.3m181.2m122.7m184.7m61.9m126.3m197.8m63.9m126.7m186.4m60.6m113.5m171.9m

Depreciation and Amortization

35.9m10.3m20.7m31.2m20.6m31.4m10.7m21.1m32.7m12.3m24.6m39.2m17.7m35.2m53.5m

Cash From Operating Activities

177.8m10.0m65.8m101.1m

Cash From Investing Activities

(306.9m)(22.8m)(30.5m)(40.6m)
USDY, 2018

EV/EBIT

78 x

EV/CFO

52.6 x

EV/FCF

115.6 x

Debt/Equity

1.5 x

Debt/Assets

0.4 x

Financial Leverage

3.3 x
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NewMarket Company Life and Culture

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NewMarket Frequently Asked Questions

  • When was NewMarket founded?

    NewMarket was founded in 1887.

  • How many employees does NewMarket have?

    NewMarket has 2,223 employees.

  • What is NewMarket revenue?

    Latest NewMarket annual revenue is $2.2 b.

  • What is NewMarket revenue per employee?

    Latest NewMarket revenue per employee is $988.9 k.

  • Who are NewMarket competitors?

    Competitors of NewMarket include Skeljungur, AMSOIL and Acculube.

  • Where is NewMarket headquarters?

    NewMarket headquarters is located at 330 S 4th St, Richmond.

  • Where are NewMarket offices?

    NewMarket has an office in Richmond.

  • How many offices does NewMarket have?

    NewMarket has 1 office.