Flagship explainer

How NEWMARKET CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.7B · 100%Cost of revenue$1.9B · 69%Gross profit$857M · 31%Operating income$544M · 20%Income before tax$561M · 21%Income tax$142M · 5%Net income$419M · 15%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.7B100%
Cost of revenue$1.9B69%
$857M31%
$544M20%
Income before tax$561M21%
Income tax$142M5%
$419M15%
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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