NewMarket Corporation (NEU)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	254,286	266,987	257,663	236,374
Revenue (ttm)	US$ in thousands	2,657,060	2,693,036	2,722,787	2,764,467	2,718,052	2,610,742	2,535,924	2,401,221	2,315,892	2,282,767	2,176,308	1,998,315	1,990,356	1,997,020	2,039,447	2,191,264	2,167,555	2,171,422	2,177,951	2,215,662
Net profit margin		14.64%	14.82%	12.89%	11.50%	10.28%	7.90%	7.69%	7.52%	8.24%	10.54%	13.07%	12.75%	13.59%	12.71%	11.07%	12.67%	11.73%	12.30%	11.83%	10.67%

December 31, 2023 calculation

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

The net profit margin of NewMarket Corp. has shown a positive trend over the past eight quarters. The company's net profit margin has steadily increased from 7.34% in Q1 2022 to 14.36% in Q4 2023. This indicates the company's ability to effectively control costs and generate profits from its operations. The consistent improvement in net profit margin suggests that NewMarket Corp. has been successful in enhancing its overall profitability over the analyzed period.