NewMarket Corporation (NEU)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	590,036	483,045	355,139	257,782	311,802
Revenue	US$ in thousands	2,786,560	2,698,420	2,764,800	2,356,110	2,010,930
Operating profit margin		21.17%	17.90%	12.85%	10.94%	15.51%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $590,036K ÷ $2,786,560K
= 21.17%

NewMarket Corporation's operating profit margin has demonstrated fluctuations over the years, indicating varying levels of operational efficiency and profitability.

- As of December 31, 2020, the operating profit margin stood at 15.51%, reflecting a strong performance in generating profits from its core business operations.
- By December 31, 2021, there was a slight decline in the operating profit margin to 10.94%, suggesting potential challenges in controlling operating expenses or generating sufficient revenue.
- However, in the following year, the operating profit margin improved to 12.85%, indicating efforts to enhance operational efficiency or increase revenue streams.
- The trend continued positively as of December 31, 2023, with a significant increase in the operating profit margin to 17.90%, showcasing improved profitability and effective cost management.
- Finally, as of December 31, 2024, the operating profit margin reached its highest point at 21.17%, indicating a robust performance in generating profits relative to total revenue.

Overall, NewMarket Corporation has shown fluctuations in its operating profit margin, with a general trend of improvement over the years. Continued monitoring of this metric will be essential to ensure sustained profitability and operational effectiveness.