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Newmarket (NEU) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Newmarket (NEU) Q3 2026 earnings results →
Q3 2026 Revenue up 4% year over year to $717M · 17¢ of every $1 of revenue kept as net profit · operating margin 20.0%
Newmarket made $717M in Q3 2026 (+4% Y/Y). Operating margin 20.0%, net earnings $124M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $716.5M in Q3 2026, up 4% year over year and down 4% from the previous quarter.
Gross margin was 31.0%, up 0.7 points from Q3 2025. Operating profit was $142.9M, a 20.0% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 47% reached operating profit, above the 19% margin then. Operating expenses grew 1% against revenue growth of 4%. The fastest-growing cost line was SG&A (+11%). Net earnings were $124.1M, up 24% year over year. The effective tax rate was 17.9%.
Operating cash flow was $68.6M (down 52% year over year), 55% of net earnings. Non-cash charges added back $31.2M of depreciation and amortization. Working capital and other items used $86.7M. Capital expenditures of $36.7M left free cash flow of $31.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $717M | +4% | 20.0% | $124M | $68.6M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $747M | +7% | 21.9% | $134M | $162M |
| Q1 2026 | 10-Q | Apr 23, 2026 | $670M | -4% | 21.4% | $118M | $124M |
| Q4 2025 | 10-K | Feb 12, 2026 | $635M | -3% | 17.3% | $81.3M | $145M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $690M | -5% | 18.9% | $100M | $142M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $699M | -2% | 20.5% | $111M | $161M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $701M | +0.6% | 22.8% | $126M | $120M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Newmarket
NewMarket Corporation (NewMarket) (NYSE: NEU) is a holding company and is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), American Pacific Corporation (AMPAC), Calca Solutions, LLC (Calca), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). We acquired Calca on October 1, 2025. Each of our subsidiaries manages its own assets and liabilities. Afton manufactures and sells petroleum additives, while Ethyl markets antiknock compounds in North America and performs contracted manufacturing and related services. AMPAC is a manufacturer of specialty materials primarily used in solid rocket motors for the aerospace and defense industries, and Calca is a producer of hydrazine products used primarily in aerospace and defense applications.
In its own words, from its 10-K, filed Feb 12, 2026.
Newmarket against its Industrial Organic Chemicals peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +5%. Operating margin: 20.0% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NEU Newmarket | Q3 2026 | $717M | +4% | 20.0% |
| LYB LyondellBasell Industries N.V. | Q3 2026 | $8.5B | +10% | 12.6% |
| WLK Westlake | Q3 2026 | $3.0B | +5% | 1.4% |
| IFF International Flavors & Fragrances | Q3 2026 | $1.9B | +4% | 8.2% |
| Union Carbide | Q3 2026 | $1.5B | +38% | 29.6% |
| GPRE Green Plains | Q3 2026 | $496M | -2% | 18.7% |
| SXT Sensient Technologies | Q3 2026 | $456M | +11% | 15.9% |
| WLKP Westlake Chemical Partners LP | Q3 2026 | $314M | +2% | 30.4% |
| ALTO Alto Ingredients | Q3 2026 | $258M | +7% | 2.7% |
Source: Newmarket 10-Q on SEC EDGAR · CIK 1282637 · Industrial Organic Chemicals
13F: who owns NEU and who is buying
More on NEU
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results