NewMarket Corporation (NEU)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	584,107	554,480	519,791	501,507	488,962	492,630	438,477	399,375	347,734	269,414	250,238	231,688	247,551	293,904	350,369	310,579	331,287	321,597	291,437	360,860
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
Pretax margin		20.96%	19.98%	19.13%	18.63%	18.12%	17.99%	15.85%	14.24%	12.58%	10.13%	9.68%	9.45%	10.51%	12.74%	15.94%	15.39%	16.47%	15.94%	14.14%	16.31%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $584,107K ÷ $2,786,558K
= 20.96%

NewMarket Corporation's pretax margin has shown fluctuations over the past few years, ranging from a low of 9.45% in March 2022 to a high of 20.96% in December 2024. The trend indicates some volatility in the company's ability to generate profits before accounting for taxes. Despite experiencing some fluctuations, there is an overall increasing trend in the pretax margin from 2013 to 2014. This improvement suggests that the company may have implemented strategies to enhance its profitability over time. It is important for stakeholders to closely monitor this metric to ensure the company's financial health and stability in the long term.