NewMarket vs Stepan
NewMarket reported revenue of $2.7 billion in fiscal 2025, 1.2 times Stepan's $2.3 billion in fiscal 2025. NewMarket's revenue fell 2.2% in its latest year, and Stepan's grew 7.0%. NewMarket had an operating margin of 19.9%, against 3.4% at Stepan. Free cash flow was $491 million at NewMarket and $25 million at Stepan.
Side by side
| NewMarket | Stepan | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.7B | $2.3B |
| Revenue growth | −2.2% | 7.0% |
| Revenue growth a year, last 5 years | 6.3% | 4.5% |
| Gross margin | 31.5% | 11.6% |
| Operating margin | 19.9% | 3.4% |
| Net margin | 15.4% | 2.0% |
| Free cash flow | $491M | $25M |
| Free cash flow margin | 18.0% | 1.1% |
| Return on capital | 16.3% | 3.6% |
| Net debt to EBITDA | 1.2x | 2.4x |
| Dividends and buybacks | $183M | $35M |
| Change in diluted share count | −1.8% | −0.2% |
| Last close | $878.03 | $64.77 |
| P/E at the last close | 18.9× | — |
| Insider trades, last 12 months | bought $247,684, sold $0 | — |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
NewMarketStepan
Operating margin
Percent of revenue
NewMarketStepan
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
NewMarketStepan