NewMarket Corporation (NEU)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 29.07% | 28.78% | 26.50% | 24.72% | 23.56% | 21.74% | 21.99% | 22.54% | 23.65% | 25.92% | 28.50% | 28.82% | 29.90% | 29.43% | 28.63% | 30.02% | 29.06% | 28.93% | 27.84% | 26.24% |
| Operating profit margin | 18.18% | 18.24% | 16.07% | 14.36% | 13.07% | 10.76% | 10.47% | 10.52% | 11.13% | 13.05% | 15.33% | 14.54% | 15.67% | 15.21% | 14.38% | 16.62% | 15.56% | 15.92% | 14.95% | 13.27% |
| Pretax margin | 18.40% | 18.29% | 16.10% | 14.45% | 12.79% | 10.32% | 9.87% | 9.65% | 10.69% | 12.87% | 16.10% | 15.54% | 16.64% | 16.10% | 14.29% | 16.47% | 15.30% | 15.48% | 14.55% | 13.08% |
| 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% |
NewMarket Corp.'s profitability ratios have shown a positive trend over the past quarters. The gross profit margin has steadily increased from 23.17% in Q4 2022 to 28.63% in Q4 2023, indicating the company has been able to effectively manage its production costs and generate higher profits on sales.
Similarly, the operating profit margin has shown improvement, steadily increasing from 10.57% in Q3 2022 to 17.90% in Q4 2023. This signifies that NewMarket Corp. has been successful in controlling its operating expenses and enhancing operational efficiency.
The pretax margin has also shown consistent growth, rising from 9.45% in Q1 2022 to 18.12% in Q4 2023. This suggests that the company has effectively managed its pre-tax earnings in relation to its total revenue.
Finally, the net profit margin has exhibited significant improvement, climbing from 7.34% in Q1 2022 to 14.36% in Q4 2023. This indicates that NewMarket Corp. has been successful in enhancing its bottom line profitability by effectively managing its expenses and taxes.
Overall, the positive trend in NewMarket Corp.'s profitability ratios reflects its strong financial performance and efficient management of its operations.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 20.92% | 21.45% | 18.49% | 16.88% | 14.76% | 12.03% | 11.39% | 11.07% | 10.08% | 12.22% | 13.46% | 12.11% | 16.12% | 16.16% | 16.30% | 18.83% | 17.89% | 19.51% | 18.42% | 16.35% |
| Return on assets (ROA) | 16.84% | 17.42% | 14.83% | 13.52% | 11.61% | 8.82% | 8.37% | 7.91% | 7.46% | 9.87% | 11.47% | 10.62% | 13.99% | 13.50% | 12.55% | 14.36% | 13.49% | 15.08% | 14.58% | 13.15% |
| Return on total capital | 30.59% | 30.45% | 26.44% | 24.49% | 21.68% | 18.14% | 17.50% | 16.80% | 18.16% | 18.37% | 20.54% | 18.67% | 26.32% | 26.17% | 24.07% | 28.21% | 27.21% | 28.13% | 26.92% | 24.07% |
| Return on equity (ROE) | 36.10% | 41.05% | 39.31% | 38.67% | 36.67% | 30.90% | 27.04% | 23.75% | 25.05% | 31.13% | 33.48% | 31.44% | 35.61% | 35.08% | 35.54% | 43.43% | 37.23% | 42.42% | 43.73% | 43.92% |
NewMarket Corp.'s profitability ratios have shown a consistent improvement over the quarters. The Operating Return on Assets (Operating ROA) has steadily increased from 14.76% in Q4 2022 to 20.92% in Q4 2023, indicating that the company is generating more operating income relative to its total assets.
Return on Assets (ROA) has also shown a positive trend, improving from 11.58% in Q4 2022 to 16.78% in Q4 2023. This suggests that NewMarket Corp. is becoming more efficient in generating profits from its assets.
Return on Total Capital has shown an upward trajectory, from 19.86% in Q4 2022 to 27.75% in Q4 2023, indicating that the company is utilizing its total capital more effectively to generate returns for its stakeholders.
Return on Equity (ROE) has consistently improved, reaching 35.98% in Q4 2023 from 23.69% in Q1 2022. This indicates that the company is efficiently utilizing its equity to generate profits for its shareholders.
Overall, the profitability ratios of NewMarket Corp. demonstrate an improving trend, suggesting effective management of assets, capital, and equity to drive profitability and create value for investors.