Filing Flows › Newmarket (NEU) › Q3 2025
Newmarket (NEU) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Newmarket (NEU) reported revenue of $690M for the third quarter 2025 (Q3 2025), -5% from a year earlier and -1% from the quarter before. Operating margin was 18.9%, net earnings $100M (14.5% of revenue).
Newmarket, Q3 2025: revenue $690M (-5% year over year), operating margin 18.9%, net earnings $100M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $690M | -1% | -5% |
| Gross profit | $210M | -5% | -14% |
| Operating profit | $131M | -9% | -23% |
| Net earnings | $100M | -10% | -24% |
| Operating cash flow | $142M | -12% | +22% |
| Free cash flow | $112M | -20% | +13% |
What changed
Revenue was $690.3M in Q3 2025, down 5% year over year and down 1% from the previous quarter.
Gross margin was 30.4%, down 3.3 points from a year earlier. Operating profit was $130.7M, a 18.9% margin (down 4.5 points year over year). Operating expenses grew 6% against a revenue fall of 5%. Net earnings were $100.3M, down 24% year over year. The effective tax rate was 26.1%.
Operating cash flow was $142.4M (up 22% year over year), 142% of net earnings. Non-cash charges added back $33.1M of depreciation and amortization. Working capital and other items added $9.0M. Capital expenditures of $30.1M left free cash flow of $112.3M.
Questions
What was Newmarket's revenue in the third quarter 2025?
Newmarket (NEU) reported revenue of $690M for the third quarter 2025 (Q3 2025), -5% from a year earlier and -1% from the quarter before.
Was Newmarket profitable in the third quarter 2025?
Operating profit was $131M (18.9% of revenue) and net earnings $100M.
Source: Newmarket 10-Q on SEC EDGAR.