NewMarket Corporation (NEU)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	462,413	432,084	411,009	399,013	388,864	398,976	350,955	317,803	279,538	206,222	195,034	180,514	190,908	240,586	284,342	254,739	270,568	253,786	225,797	277,622
Revenue (ttm)	US$ in thousands	2,786,558	2,775,261	2,717,464	2,692,366	2,698,419	2,737,628	2,766,527	2,805,036	2,764,799	2,658,807	2,584,965	2,452,047	2,356,110	2,307,324	2,197,986	2,018,129	2,010,931	2,017,595	2,060,543	2,213,096
Net profit margin		16.59%	15.57%	15.12%	14.82%	14.41%	14.57%	12.69%	11.33%	10.11%	7.76%	7.54%	7.36%	8.10%	10.43%	12.94%	12.62%	13.45%	12.58%	10.96%	12.54%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $462,413K ÷ $2,786,558K
= 16.59%

NewMarket Corporation's net profit margin has exhibited fluctuations over the past few years. From December 31, 2021, to June 30, 2022, there was a declining trend in the net profit margin from 8.10% to 7.54%. However, there was a slight increase in the net profit margin to 10.11% by December 31, 2022.

Subsequently, there was a notable improvement in the net profit margin from March 31, 2023, to December 31, 2024, with a consistent upward trajectory from 11.33% to 16.59%. This indicates that the company's profitability increased significantly during this period.

Overall, the recent trend suggests that NewMarket Corporation has been able to enhance its net profit margin steadily, which is a positive sign for the company's financial performance and efficiency in generating profits relative to its revenue.