Filing Flows › Newmarket (NEU) › Q4 2025
Newmarket (NEU) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Newmarket (NEU) reported revenue of $635M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -8% from the quarter before. Operating margin was 17.3%, net earnings $81.3M (12.8% of revenue).
Newmarket, Q4 2025: revenue $635M (-3% year over year), operating margin 17.3%, net earnings $81.3M, operating cash flow $145M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $635M | -8% | -3% |
| Gross profit | $191M | -9% | -8% |
| Operating profit | $110M | -16% | -17% |
| Net earnings | $81.3M | -19% | -27% |
| Operating cash flow | $145M | +2% | -22% |
| Free cash flow | $87.7M | -22% | -47% |
What changed
Revenue was $635.4M in Q4 2025, down 3% year over year and down 8% from the previous quarter.
Gross margin was 30.0%, down 1.7 points from a year earlier. Operating profit was $110.0M, a 17.3% margin (down 3.0 points year over year). Operating expenses grew 8% against a revenue fall of 3%. The fastest-growing cost line was SG&A (+17%). Net earnings were $81.3M, down 27% year over year. The effective tax rate was 28.2%.
Operating cash flow was $145.2M (down 22% year over year), 179% of net earnings. Non-cash charges added back $32.1M of depreciation and amortization. Working capital and other items added $31.8M. Capital expenditures of $57.5M left free cash flow of $87.7M.
Questions
What was Newmarket's revenue in the fourth quarter 2025?
Newmarket (NEU) reported revenue of $635M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -8% from the quarter before.
Was Newmarket profitable in the fourth quarter 2025?
Operating profit was $110M (17.3% of revenue) and net earnings $81.3M.
Source: Newmarket 10-K on SEC EDGAR.