NewMarket Corporation (NEU)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 388,864 279,538 190,908 270,568 254,286
Revenue US$ in thousands 2,657,060 2,718,050 2,315,890 1,998,090 2,157,050
Net profit margin 14.64% 10.28% 8.24% 13.54% 11.79%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $388,864K ÷ $2,657,060K
= 14.64%

The net profit margin of NewMarket Corp. has shown fluctuations over the past five years. It experienced a decrease from 2019 to 2021, followed by an increase in 2022, and another increase in 2023. The company's net profit margin was 14.36% in 2023, which indicates that for each dollar of revenue generated, the company retained $0.1436 as net profit after accounting for all expenses. This improvement in the net profit margin in 2023 compared to the previous years suggests that the company was more effective in managing its expenses relative to its revenue, resulting in higher profitability. Further analysis of the factors contributing to these changes in the net profit margin would provide valuable insights into the company's financial performance.


Peer comparison

Dec 31, 2023