NewMarket Corporation (NEU)

Operating 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
Operating income (ttm)	US$ in thousands	590,036	558,612	521,514	498,804	483,045	491,239	437,541	396,890	355,139	281,037	265,415	252,571	257,782	297,908	333,607	290,617	311,802	303,803	293,217	364,135
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
Operating profit margin		21.17%	20.13%	19.19%	18.53%	17.90%	17.94%	15.82%	14.15%	12.85%	10.57%	10.27%	10.30%	10.94%	12.91%	15.18%	14.40%	15.51%	15.06%	14.23%	16.45%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $590,036K ÷ $2,786,558K
= 21.17%

NewMarket Corporation's operating profit margin has shown fluctuations over the period analyzed. The trend indicates a general increase in operating profit margin from around 16.45% in March 2020 to a peak of 21.17% in December 2024. Despite some variability within each year, the overall trend suggests a positive trajectory, indicating an improvement in the company's efficiency in generating profits from its core business operations. The company's ability to maintain and increase its operating profit margin over time may be attributed to effective cost management strategies, revenue growth, and operational improvements.