NEU NewMarket Corp Common Stock
$948.81
Price · Aug 19, 2026
Fundamentals as of Jul 30, 2026
52W Range
$580–$982
92% of range
Analyst Rating
SELL
8 analysts
Price Target
—
P/E (TTM)
21.4
ROE
24.7%
Net Profit Margin
15.4%
About NewMarket Corp Common Stock Company overview from Wikipedia
NewMarket Corporation, is a publicly traded American company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887.
Read more
NewMarket Corporation (NYSE: NEU), is a publicly traded American company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887.
NewMarket Corporation employs more than 2,100 employees across its global operations, with an annual revenue of more than $2 billion. The primary business of the company and its subsidiaries is the development, manufacturing, blending and global marketing of fuel and oil additives.
Businesses
NewMarket Corporation produces lubricant and fuel additives through two subsidiaries: Afton Chemical Corporation and Ethyl Corporation. Two additional subsidiaries, NewMarket Services Corporation and NewMarket Development Corporation, primarily provide operational support.
Afton Chemical Corporation
Afton Chemical Corporation produces fuel additives and lubricant additives. The company also produces driveline additives and a variety of industrial additives, such as hydraulic lubricants and metalworking fluid components.
Afton Chemical has manufacturing locations throughout the United States, as well as in Belgium, England, India, China, Brazil Mexico and Singapore The company also has regional offices in North America, Latin America, Asia Pacific, Europe, India and the Middle East and a R&D technical center for vehicle-based research in Ashland, Virginia.
Gina Harm is the president of Afton Chemical.
Ethyl Corporation
Ethyl provides contract manufacturing services to Afton and to third parties and is a marketer of tetraethyl lead in North America. The company was founded in 1924 after Charles Kettering and a team of scientists discovered an anti-knocking agent for vehicle engines in 1921. Ethyl Corporation is based in Richmond, Virginia, and has a manufacturing plant in Houston, Texas. John Street is the president of Ethyl Corporation.
NewMarket Services Corporation
NewMarket Services Corporation provides administrative services to NewMarket Corporation and its subsidiaries.
NewMarket Development Corporation
New Market Development Corporation manages the approximately 57-acre property that NewMarket Corporation owns in Richmond, Virginia.
History
NewMarket Corporation was founded in 1887 as the Albemarle Paper Manufacturing Company. In 1964, Albemarle Paper Manufacturing Company acquired Ethyl Corporation, a company started in 1924 by Charles Kettering following the development of Tetraethyllead, an anti-knocking agent for gasoline engines in passenger vehicles.
Ethyl Corporation acquired Edwin Cooper, Inc., a supplier of oil and lubricant additives, in 1975. The acquisitions continued with U.S.-based Amoco Petroleum Additives and Japan-based Nippon Cooper in 1992, and Texaco Additives Company in 1996.
NewMarket Corporation was incorporated in 2004 and renamed its Ethyl Petroleum Additives, Inc. subsidiary as Afton Chemical Corporation. Afton acquired GE Water & Process Technologies’ fuel additives business in 2008 and acquired metalworking additives producer Polartech in 2010.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
NEU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$948.81
Market Cap
$8.92B
P/E (TTM)
21.4
EPS (TTM)
$44.44
Revenue (TTM)
$2.73B
Div Yield
1.2%
ROE
24.7%
Debt/Equity
0.5
52W Range
$580 – $982
NEU Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$2.73B
2016-12-31
→
2025-12-31
EPS
$44.44
2020-12-31
→
2025-12-31
Free Cash Flow
$491M
2016-12-31
→
2025-12-31
Margins
15.4%
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
NEU
Peer Median
P/E (TTM)
21.4
23.0
P/S (TTM)
3.3
2.4
P/B
5.0
2.6
EV / EBITDA
14.6
—
Price / FCF
18.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
NEU
Peer Median
Gross Margin
31.5%
39.0%
Operating Margin
20.0%
—
Net Profit Margin
15.4%
8.3%
ROA
12.7%
5.2%
ROE
24.7%
13.5%
ROIC
15.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NEU
Peer Median
Debt / Equity
0.5
—
Current Ratio
2.5
1.8
Quick Ratio
1.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NEU
Peer Median
Revenue YoY
-2.2%
—
Revenue CAGR 3Y
-0.48%
—
Revenue CAGR 5Y
6.3%
—
EPS YoY
-7.8%
—
Net Income YoY
-9.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NEU
Peer Median
Payout Ratio
25.3%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.2%
Payout Ratio
25.3%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 15, 2026 | $3.0000 |
| March 16, 2026 | $3.0000 |
| Dec. 15, 2025 | $3.0000 |
| Sept. 15, 2025 | $2.7500 |
| June 16, 2025 | $2.7500 |
| March 17, 2025 | $2.7500 |
| Dec. 16, 2024 | $2.5000 |
| Sept. 16, 2024 | $2.5000 |
| June 14, 2024 | $2.5000 |
| March 14, 2024 | $2.5000 |
| Dec. 14, 2023 | $2.2500 |
| Sept. 14, 2023 | $2.2500 |
| June 14, 2023 | $2.2500 |
| March 14, 2023 | $2.1000 |
| Dec. 14, 2022 | $2.1000 |
| Sept. 14, 2022 | $2.1000 |
| June 14, 2022 | $2.1000 |
| March 14, 2022 | $2.1000 |
| Dec. 14, 2021 | $2.1000 |
| Sept. 14, 2021 | $2.1000 |
NEU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
8 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 3 37.5%
- Sell 4 50.0%
- Strong Sell 1 12.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $14.54 | — | — |
| March 31, 2026 | $12.62 | — | — |
| Dec. 31, 2025 | $8.65 | — | — |
| Sept. 30, 2025 | $10.67 | — | — |
| June 30, 2025 | $11.84 | — | — |
| March 31, 2025 | $13.26 | — | — |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NEU | $6.46B | 15.5 | -2.2% | 15.4% | 24.7% | 31.5% |
| DD | — | -21.6 | 1.9% | -11.4% | -4.2% | — |
| ALB | — | -24.6 | -4.4% | — | — | — |
| RPM | $13.53B | 20.5 | 6.7% | 8.4% | 21.3% | 41.4% |
| SOLS | $7.71B | 32.6 | 3.1% | 6.1% | 10.2% | — |
| ESI | $6.74B | 31.6 | 3.8% | 7.5% | 7.5% | 42.0% |
| EMN | $14.29B | 15.6 | -6.7% | 5.4% | 8.1% | 21.1% |
| BCPC | $4.92B | 32.3 | 8.8% | 14.9% | 12.3% | 35.7% |
| SXT | — | 29.7 | 3.5% | 8.3% | 11.4% | — |
| PRM | $4.11B | -20.1 | 16.4% | -31.6% | -17.8% | 57.5% |
| CE | — | -4.0 | -7.0% | -12.2% | -25.4% | 20.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.73B | $2.79B | $2.70B | $2.76B | $2.36B | $2.01B | $2.19B | $2.29B | $2.20B | $2.05B | $2.14B | $2.34B | |
| Cost of Revenue | $1.87B | $1.90B | $1.93B | $2.12B | $1.81B | $1.42B | $1.56B | $1.70B | $1.56B | $1.37B | $1.46B | $1.67B | |
| Gross Profit | $857M | $886M | $773M | $640M | $548M | $595M | $630M | $585M | $636M | $677M | $679M | $665M | |
| R&D Expense | $132M | $125M | $138M | $140M | $144M | $140M | $144M | $140M | $146M | $161M | $158M | $139M | |
| SG&A Expense | $182M | $171M | $151M | $145M | $146M | $143M | $148M | $152M | $168M | $162M | $164M | $164M | |
| Operating Income | $544M | $590M | $483M | $355M | $258M | $312M | $337M | $293M | $323M | $355M | $357M | $363M | |
| Interest Expense | $40M | $57M | $37M | $35M | $34M | $26M | $29M | $27M | $22M | $17M | $15M | $17M | |
| Other Non-op | $57M | $51M | $43M | $35M | $24M | $46M | $24M | $24M | $15M | $5M | $-3M | $-7M | |
| Pretax Income | $561M | $584M | $489M | $348M | $248M | $331M | $332M | $290M | $315M | $343M | $339M | $339M | |
| Income Tax | $142M | $122M | $100M | $68M | $57M | $61M | $77M | $56M | $125M | $100M | $100M | $106M | |
| Net Income | $419M | $462M | $389M | $280M | $191M | $271M | $254M | $235M | $191M | $243M | $239M | $233M | |
| EPS (Basic) | $44.44 | $48.22 | $40.44 | $27.77 | $17.71 | $24.64 | · | · | · | · | · | · | |
| EPS (Diluted) | $44.44 | $48.22 | $40.44 | $27.77 | $17.71 | $24.64 | · | · | · | · | · | · | |
| Shares (Basic) | 9,386,000 | 9,555,000 | 9,583,000 | 10,035,000 | 10,756,000 | 10,961,000 | · | · | · | · | · | · | |
| Shares (Diluted) | 9,386,000 | 9,555,000 | 9,583,000 | 10,035,000 | 10,756,000 | 10,961,000 | · | · | · | · | · | · | |
| EBITDA | $666M | $707M | $561M | $437M | $342M | $396M | $425M | $364M | $392M | $408M | $399M | $404M |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $78M | $77M | $112M | $69M | $83M | $125M | $144M | $73M | $84M | $192M | $93M | $103M | |
| Short-term Investments | · | · | · | $0 | $376M | $0 | · | · | · | · | · | · | |
| Receivables | $422M | $395M | $432M | $454M | $392M | $336M | $336M | $315M | $335M | $307M | $288M | $303M | |
| Inventory | $502M | $505M | $456M | $631M | $499M | $401M | $366M | $396M | $383M | $312M | $352M | $348M | |
| Prepaid Expense | $58M | $51M | $39M | $38M | $39M | $35M | $33M | $29M | $31M | $26M | $35M | $35M | |
| Other Current Assets | $22M | $21M | $13M | $14M | $15M | $15M | $8M | $5M | $5M | $5M | $5M | $6M | |
| Current Assets | $1.06B | $1.03B | $1.04B | $1.19B | $1.39B | $898M | $879M | $813M | $834M | $837M | $768M | $797M | |
| PP&E (Net) | $775M | $735M | $655M | $660M | $677M | $665M | $635M | $644M | $652M | $504M | $402M | $308M | |
| PP&E (Gross) | $1.85B | $1.76B | $1.65B | $1.60B | $1.59B | $1.54B | $1.47B | $1.43B | $1.47B | $1.26B | $1.13B | $1.02B | |
| Accum. Depreciation | $1.08B | $1.02B | $991M | $936M | $912M | $878M | $830M | $782M | $823M | $761M | $727M | $709M | |
| Other Non-current Assets | $52M | $53M | $48M | $64M | $55M | $42M | $44M | $10M | $11M | $11M | $39M | $45M | |
| Total Assets | $3.49B | $3.13B | $2.31B | $2.41B | $2.56B | $1.93B | $1.89B | $1.70B | $1.71B | $1.42B | $1.29B | $1.23B | |
| Accounts Payable | $238M | $226M | $231M | $273M | $246M | $190M | $179M | $152M | $159M | $142M | $129M | $138M | |
| Accrued Liabilities | $110M | $89M | $77M | $90M | $85M | $78M | $77M | $91M | $108M | $104M | $100M | $87M | |
| Current Liabilities | $419M | $374M | $364M | $424M | $725M | $312M | $309M | $271M | $317M | $295M | $264M | $260M | |
| Capital Leases | $62M | $55M | $55M | $47M | $53M | $48M | $47M | $0 | · | · | · | · | |
| Deferred Tax | $244M | $163M | $59M | $62M | $89M | $60M | $57M | $43M | $31M | $9M | $10M | $8M | |
| Other Non-current Liabilities | $350M | $267M | $169M | $170M | $229M | $214M | $203M | $165M | $191M | $131M | $144M | $188M | |
| Total Liabilities | $1.71B | $1.67B | $1.23B | $1.64B | $1.80B | $1.17B | $1.20B | $1.21B | $1.11B | $933M | $899M | $811M | |
| Long-term Debt | $883M | $971M | $644M | $1.00B | $1.14B | $599M | $643M | $766M | $597M | $503M | $491M | $364M | |
| Total Debt | $883M | $971M | $644M | $1.00B | $1.14B | $599M | · | · | · | · | $495M | $364M | |
| Retained Earnings | $1.67B | $1.43B | $1.10B | $834M | $844M | $932M | $844M | $671M | $748M | $664M | $532M | $560M | |
| AOCI | $107M | $33M | $-21M | $-72M | $-82M | $-173M | $-163M | $-181M | $-146M | $-183M | $-145M | $-139M | |
| Stockholders' Equity | $1.78B | $1.46B | $1.08B | $762M | $762M | $760M | $683M | $490M | $602M | $483M | $388M | $421M | |
| Liabilities + Equity | $3.49B | $3.13B | $2.31B | $2.41B | $2.56B | $1.93B | $1.89B | $1.70B | $1.71B | $1.42B | $1.29B | $1.23B | |
| Shares Outstanding | 9,397,364 | 9,524,789 | 9,590,086 | 9,702,147 | 10,362,722 | 10,921,377 | 11,188,549 | 11,184,482 | 11,779,978 | 11,845,972 | 11,948,446 | 12,446,365 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $122M | $117M | $78M | $82M | $84M | $84M | $88M | $72M | $55M | $45M | $42M | $42M | |
| Deferred Tax | $34M | $-13M | $-15M | $-43M | $2M | $8M | $7M | $15M | $27M | $19M | $150.0K | $8M | |
| Amort. of Intangibles | $28M | $24M | $2M | $1M | $2M | $3M | $4M | $7M | $3M | $2M | $6M | $6M | |
| Other Non-cash | $-7M | $-47M | $125M | $-211M | $-112M | $-78M | $-12M | $-123M | $-30M | $46M | $-13M | $-48M | |
| Operating Cash Flow | $569M | $520M | $577M | $109M | $165M | $284M | $337M | $198M | $243M | $353M | $268M | $235M | |
| CapEx | $78M | $57M | $48M | $56M | $79M | $93M | $59M | $75M | $149M | $143M | $126M | $60M | |
| Investing Cash Flow | $-291M | $-739M | $-48M | $316M | $-461M | $-74M | $-59M | $-60M | $-335M | $-143M | $-130M | $-67M | |
| Debt Issued | · | · | $0 | $0 | $395M | $0 | · | · | · | · | · | · | |
| Net Debt Issued | · | $0 | $0 | $-350M | · | · | · | · | · | · | · | · | |
| Stock Repurchased | $77M | $32M | $43M | $207M | $196M | $101M | $0 | $232M | $26M | $36M | $195M | $249M | |
| Net Stock Activity | $-77M | $-32M | $-43M | $-207M | $-196M | $-101M | $0 | $-232M | $-26M | $-36M | $-195M | $-249M | |
| Dividends Paid | $106M | $96M | $85M | $84M | $86M | $83M | $82M | $80M | $83M | $76M | $71M | $59M | |
| Financing Cash Flow | $-279M | $186M | $-488M | $-439M | $255M | $-231M | $-208M | $-145M | $-19M | $-103M | $-135M | $-295M | |
| Net Change in Cash | $122.0K | $-34M | $43M | $-15M | $-42M | $-19M | $71M | $-11M | $-108M | $99M | $-10M | $-136M | |
| Taxes Paid | $133M | $120M | $133M | $89M | $68M | $62M | $65M | $77M | $59M | $61M | $99M | $112M | |
| Free Cash Flow | $491M | $462M | $529M | $52M | $86M | $191M | $278M | $123M | $94M | $211M | $142M | $175M | |
| Levered FCF | $462M | $417M | $499M | $24M | $60M | $169M | $255M | $102M | $81M | $199M | $131M | $164M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5% | 31.8% | 28.6% | 23.2% | 23.2% | 29.6% | 28.8% | 25.6% | 29.2% | 33.2% | 31.7% | 28.5% | |
| Operating Margin | 20.0% | 21.2% | 17.9% | 12.8% | 10.9% | 15.5% | 15.4% | 12.8% | 15.3% | 17.7% | 16.7% | 15.5% | |
| Net Margin | 15.4% | 16.6% | 14.4% | 10.1% | 8.1% | 13.5% | 11.6% | 10.2% | 8.7% | 11.9% | 11.2% | 10.0% | |
| Pretax Margin | 20.6% | 21.0% | 18.1% | 12.6% | 10.5% | 16.5% | 15.1% | 12.7% | 14.3% | 16.8% | 15.8% | 14.5% | |
| EBITDA Margin | 24.4% | 25.4% | 20.8% | 15.8% | 14.5% | 19.7% | 19.4% | 15.9% | 17.8% | 19.9% | 18.6% | 17.3% | |
| ROA | 12.7% | 17.0% | 16.5% | 11.3% | 8.5% | 14.2% | 14.2% | 13.8% | 12.2% | 18.0% | 18.9% | 18.2% | |
| ROE | 24.7% | 32.7% | 38.0% | 39.1% | 24.9% | 36.5% | 38.8% | 44.5% | 31.0% | 50.7% | 62.5% | 50.9% | |
| ROIC | 15.3% | 19.2% | 22.3% | 16.2% | 10.5% | 18.7% | 37.9% | 48.3% | 33.8% | 53.2% | 28.5% | 31.8% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.5 | 2.7 | 2.9 | 2.8 | 1.9 | 2.9 | 2.8 | 3.0 | 2.6 | 2.8 | 2.9 | 3.1 | |
| Quick Ratio | 1.2 | 1.3 | 1.5 | 1.2 | 1.2 | 1.5 | 1.6 | 1.4 | 1.3 | 1.7 | 1.4 | 1.6 | |
| Debt / Equity | 0.5 | 0.7 | 0.6 | 1.3 | 1.5 | 0.8 | · | · | · | · | 1.3 | 0.9 | |
| LT Debt / Equity | 0.5 | 0.7 | 0.6 | 1.3 | 1.0 | 0.8 | · | · | · | · | 1.3 | 0.9 | |
| Interest Coverage | 13.7 | 10.3 | 12.9 | 10.1 | 7.5 | 11.8 | 11.5 | 11.0 | 15.4 | 21.6 | 24.3 | 21.9 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 1.0 | 1.1 | 1.1 | 1.0 | 1.1 | 1.2 | 1.3 | 1.4 | 1.5 | 1.7 | 1.8 | |
| Inventory Turnover | 3.7 | 4.0 | 3.5 | 3.8 | 4.0 | 3.7 | 4.1 | 4.4 | 4.5 | 4.1 | 4.2 | 5.1 | |
| Receivables Turnover | 6.7 | 6.7 | 6.1 | 6.5 | 6.5 | 6.0 | 6.7 | 7.0 | 6.8 | 6.9 | 7.2 | 7.6 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -2.2% | 3.3% | -2.4% | 17.3% | 17.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -0.48% | 5.8% | 10.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.3% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -7.8% | 19.2% | 45.6% | 56.8% | -28.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 17.0% | 39.6% | 18.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 12.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -9.4% | 18.9% | 39.1% | 46.4% | -29.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 14.4% | 34.3% | 12.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 9.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 4.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.73B | $2.79B | $2.70B | $2.76B | $2.36B | $2.01B | $2.19B | $2.29B | $2.20B | $2.05B | $2.14B | $2.34B | |
| Net Income TTM | $419M | $462M | $389M | $280M | $191M | $271M | $254M | $235M | $191M | $243M | $239M | $233M | |
| Market Cap | $6.46B | $5.03B | $5.23B | $3.02B | $3.55B | $4.35B | $5.44B | $4.61B | $4.68B | $5.02B | $4.55B | $5.02B | |
| Enterprise Value | $7.26B | $5.93B | $5.77B | $3.95B | $4.23B | $4.82B | · | · | · | · | $4.95B | $5.28B | |
| P/E | 15.5 | 11.0 | 13.5 | 11.2 | 19.4 | 16.2 | 27.3 | 23.1 | 22.3 | 23.7 | 21.3 | 22.6 | |
| P/S | 2.4 | 1.8 | 1.9 | 1.1 | 1.5 | 2.2 | 2.5 | 2.0 | 2.1 | 2.4 | 2.1 | 2.2 | |
| P/B | 3.6 | 3.4 | 4.9 | 4.0 | 4.7 | 5.7 | 8.0 | 9.4 | 7.8 | 10.4 | 11.7 | 11.9 | |
| P / Tangible Book | 3.6 | 3.4 | 4.9 | 4.0 | 4.7 | 5.7 | · | · | · | · | · | · | |
| P / Cash Flow | 11.4 | 9.7 | 9.1 | 27.8 | 21.5 | 15.3 | 16.1 | 23.3 | 19.3 | 14.2 | 17.0 | 21.4 | |
| P / FCF | 13.1 | 10.9 | 9.9 | 57.5 | 41.1 | 22.8 | 19.6 | 37.4 | 49.8 | 23.8 | 32.1 | 28.7 | |
| EV / EBITDA | 10.9 | 8.4 | 10.3 | 9.0 | 12.4 | 12.2 | · | · | · | · | 12.4 | 13.1 | |
| EV / FCF | 14.8 | 12.8 | 10.9 | 75.4 | 49.0 | 25.3 | · | · | · | · | 35.0 | 30.1 | |
| EV / Revenue | 2.7 | 2.1 | 2.1 | 1.4 | 1.8 | 2.4 | · | · | · | · | 2.3 | 2.3 | |
| Dividend Yield | 1.6% | 1.9% | 1.6% | 2.8% | 2.4% | 1.9% | 1.5% | 1.8% | 1.8% | 1.5% | 1.6% | 1.2% | |
| Earnings Yield | 6.5% | 9.1% | 7.4% | 8.9% | 5.2% | 6.2% | 3.7% | 4.3% | 4.5% | 4.2% | 4.7% | 4.4% | |
| Payout Ratio | 25.3% | 20.7% | 21.9% | 30.1% | 45.0% | 30.8% | 32.1% | 34.3% | 43.5% | 31.1% | 29.7% | 25.5% | |
| Annual Payout | $106M | $96M | $85M | $84M | $86M | $83M | $82M | $80M | $83M | $76M | $71M | $59M |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $747M | $670M | $635M | $690M | $699M | $701M | $655M | $725M | $710M | $697M | $643M | $667M | $685M | $703M | $683M | $696M | |
| Cost of Revenue | $505M | $449M | $445M | $481M | $478M | $465M | $447M | $481M | $492M | $480M | $466M | $465M | $489M | $505M | $503M | $548M | |
| Gross Profit | $242M | $221M | $191M | $210M | $221M | $236M | $208M | $244M | $218M | $216M | $177M | $202M | $196M | $198M | $180M | $148M | |
| R&D Expense | $30M | $32M | $32M | $35M | $32M | $33M | $33M | $32M | $29M | $31M | $39M | $32M | $34M | $33M | $34M | $34M | |
| SG&A Expense | $48M | $46M | $49M | $44M | $45M | $43M | $42M | $42M | $43M | $44M | $37M | $37M | $37M | $40M | $36M | $35M | |
| Operating Income | $164M | $143M | $110M | $131M | $143M | $160M | $133M | $170M | $147M | $141M | $101M | $132M | $124M | $125M | $110M | $79M | |
| Interest Expense | $9M | $9M | $10M | $8M | $11M | $11M | $12M | $14M | $16M | $16M | $7M | $9M | $10M | $11M | $10M | $8M | |
| Other Non-op | $15M | $17M | $13M | $13M | $15M | $15M | $13M | $14M | $12M | $13M | $10M | $11M | $11M | $11M | $9M | $10M | |
| Pretax Income | $170M | $152M | $113M | $136M | $148M | $164M | $134M | $169M | $143M | $138M | $105M | $134M | $125M | $125M | $108M | $80M | |
| Income Tax | $37M | $34M | $32M | $35M | $36M | $38M | $24M | $37M | $31M | $30M | $24M | $23M | $25M | $28M | $18M | $17M | |
| Net Income | $134M | $118M | $81M | $100M | $111M | $126M | $111M | $132M | $112M | $108M | $80M | $111M | $100M | $98M | $91M | $63M | |
| EPS (Basic) | $14.54 | $12.62 | $8.67 | $10.67 | $11.84 | $13.26 | $11.57 | $13.79 | $11.63 | $11.23 | $8.39 | $11.60 | $10.36 | $10.09 | $9.16 | $6.32 | |
| EPS (Diluted) | $14.54 | $12.62 | $8.67 | $10.67 | $11.84 | $13.26 | $11.57 | $13.79 | $11.63 | $11.23 | $8.39 | $11.60 | $10.36 | $10.09 | $9.16 | $6.32 | |
| Shares (Basic) | 9,159,000 | 9,321,000 | -18,796,000 | 9,360,000 | 9,362,000 | 9,460,000 | -19,123,000 | 9,561,000 | 9,560,000 | 9,557,000 | -19,193,000 | 9,556,000 | 9,577,000 | 9,643,000 | -20,356,000 | 9,965,000 | |
| Shares (Diluted) | 9,159,000 | 9,321,000 | -18,796,000 | 9,360,000 | 9,362,000 | 9,460,000 | -19,123,000 | 9,561,000 | 9,560,000 | 9,557,000 | -19,193,000 | 9,556,000 | 9,577,000 | 9,643,000 | -20,356,000 | 9,965,000 | |
| EBITDA | $195M | $175M | · | $164M | $172M | $189M | · | $170M | $147M | $167M | · | $132M | $124M | $145M | · | $79M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $94M | $73M | $78M | $102M | $70M | $118M | $77M | $80M | $88M | $117M | · | $103M | $131M | $70M | · | $72M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Receivables | $481M | $438M | $422M | $439M | $454M | $463M | $395M | $488M | $496M | $465M | · | $428M | $436M | $457M | · | $476M | |
| Inventory | $524M | $495M | $502M | $512M | $495M | $490M | $505M | $534M | $493M | $494M | · | $503M | $537M | $566M | · | $592M | |
| Prepaid Expense | $52M | $58M | $58M | $48M | $49M | $52M | $51M | $35M | $39M | $44M | · | $32M | $36M | $38M | · | $34M | |
| Other Current Assets | · | · | $22M | · | · | · | $21M | · | · | · | · | · | · | · | · | · | |
| Current Assets | $1.15B | $1.06B | $1.06B | $1.10B | $1.07B | $1.12B | $1.03B | $1.14B | $1.12B | $1.12B | · | $1.07B | $1.14B | $1.13B | · | $1.17B | |
| PP&E (Net) | $792M | $781M | $775M | $740M | $739M | $735M | $735M | $755M | $759M | $762M | · | $650M | $656M | $658M | · | $653M | |
| PP&E (Gross) | · | · | $1.85B | · | · | · | $1.76B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $1.08B | · | · | · | $1.02B | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $64M | $52M | $52M | $56M | $55M | $52M | $53M | $53M | $53M | $53M | · | $63M | $64M | $64M | · | $64M | |
| Total Assets | $3.62B | $3.50B | $3.49B | $3.23B | $3.19B | $3.23B | $3.13B | $3.17B | $3.15B | $3.16B | · | $2.29B | $2.37B | $2.35B | · | $2.34B | |
| Accounts Payable | $342M | $259M | $238M | $266M | $260M | $250M | $226M | $259M | $271M | $260M | · | $215M | $223M | $212M | · | $285M | |
| Accrued Liabilities | $95M | $95M | $110M | $83M | $78M | $70M | $89M | $82M | $85M | $73M | · | $72M | $73M | $72M | · | $86M | |
| Current Liabilities | $511M | $417M | $419M | $410M | $402M | $396M | $374M | $402M | $420M | $391M | · | $332M | $349M | $358M | · | $426M | |
| Capital Leases | $67M | $64M | $62M | $62M | $59M | $58M | $55M | $58M | $58M | $60M | · | $49M | $48M | $46M | · | $48M | |
| Deferred Tax | · | · | $244M | · | · | · | $163M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $350M | $351M | $350M | $288M | $280M | $269M | $267M | $257M | $264M | $275M | · | $158M | $160M | $167M | · | $187M | |
| Total Liabilities | $1.78B | $1.77B | $1.71B | $1.54B | $1.58B | $1.71B | $1.67B | $1.80B | $1.91B | $2.01B | · | $1.32B | $1.47B | $1.53B | · | $1.67B | |
| Long-term Debt | $855M | $940M | $883M | $783M | $842M | $991M | $971M | $1.09B | $1.17B | $1.28B | · | $779M | $916M | $958M | · | $1.01B | |
| Total Debt | $855M | $940M | · | $783M | $842M | $991M | · | $1.09B | $1.17B | $1.28B | · | $779M | $916M | $958M | · | $1.01B | |
| Retained Earnings | $1.74B | $1.63B | $1.67B | $1.62B | $1.54B | $1.48B | $1.43B | $1.38B | $1.27B | $1.18B | · | $1.04B | $947M | $883M | · | $816M | |
| AOCI | $98M | $98M | $107M | $73M | $70M | $44M | $33M | $-15M | $-34M | $-29M | $-21M | $-67M | $-55M | $-62M | $-72M | $-149M | |
| Stockholders' Equity | $1.84B | $1.73B | $1.78B | $1.69B | $1.61B | $1.52B | $1.46B | $1.36B | $1.24B | $1.15B | $1.08B | $972M | $893M | $822M | $762M | $667M | |
| Liabilities + Equity | $3.62B | $3.50B | $3.49B | $3.23B | $3.19B | $3.23B | $3.13B | $3.17B | $3.15B | $3.16B | · | $2.29B | $2.37B | $2.35B | · | $2.34B | |
| Shares Outstanding | 9,196,406 | 9,198,019 | 9,397,364 | 9,397,122 | 9,396,621 | 9,434,506 | 9,524,789 | 9,595,011 | 9,594,110 | 9,594,250 | · | 9,590,151 | 9,589,239 | 9,625,959 | · | 9,871,440 |
Cash Flow 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $32M | $32M | $32M | $33M | $28M | $29M | $32M | $30M | $29M | $26M | $20M | $17M | $20M | $20M | $20M | $20M | |
| Deferred Tax | $-431.0K | $5M | $22M | $8M | $4M | $505.0K | $-2M | $-3M | $-4M | $-4M | $2M | $-5M | $-6M | $-5M | $-9M | $-13M | |
| Amort. of Intangibles | $9M | $9M | $9M | $6M | $6M | $6M | $6M | $6M | $6M | $5M | $541.0K | $748.0K | $355.0K | $356.0K | $-67.0K | $356.0K | |
| Other Non-cash | · | $-50M | · | · | · | $-62M | · | · | · | $-48M | · | · | · | $7M | · | · | |
| Operating Cash Flow | $162M | $124M | $145M | $142M | $161M | $120M | $185M | $117M | $115M | $103M | $172M | $143M | $152M | $110M | $93M | $-8M | |
| CapEx | $27M | $24M | $28M | $20M | $16M | $13M | $15M | $14M | $15M | $14M | $14M | $9M | $14M | $12M | $16M | $13M | |
| Investing Cash Flow | $-27M | $-23M | $-241M | $-20M | $-16M | $-13M | $-15M | $-14M | $-13M | $-697M | $-14M | $-9M | $-14M | $-12M | $-16M | $-13M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Net Debt Issued | · | · | · | · | · | $-50M | · | · | · | · | · | · | · | $0 | · | · | |
| Stock Repurchased | $861.0K | $126M | $0 | $0 | $20M | $57M | $32M | $0 | $0 | $0 | $0 | $0 | $14M | $28M | $57M | $60M | |
| Net Stock Activity | · | $-126M | · | · | · | $-57M | · | · | · | $0 | · | · | · | $-28M | · | · | |
| Dividends Paid | $28M | $28M | $28M | $26M | $26M | $26M | $24M | $24M | $24M | $24M | $22M | $22M | $22M | $20M | $20M | $21M | |
| Financing Cash Flow | $-114M | $-101M | $71M | $-86M | $-196M | $-68M | $-171M | $-113M | $-131M | $601M | $-152M | $-160M | $-79M | $-97M | $-83M | $16M | |
| Net Change in Cash | $20M | $-4M | $-25M | $32M | $-48M | $41M | $-3M | $-7M | $-29M | $5M | $9M | $-28M | $61M | $1M | $-3M | $-8M | |
| Free Cash Flow | · | $100M | · | · | · | $107M | · | · | · | $89M | · | · | · | $98M | · | · | |
| Levered FCF | · | $93M | · | · | · | $99M | · | · | · | $77M | · | · | · | $90M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.5% | 33.0% | · | 30.4% | 31.6% | 33.7% | · | 33.6% | 30.8% | 31.1% | · | 30.2% | 28.5% | 28.2% | · | 21.3% | |
| Operating Margin | 21.9% | 21.4% | · | 18.9% | 20.5% | 22.8% | · | 23.4% | 20.7% | 20.2% | · | 19.9% | 18.1% | 17.8% | · | 11.3% | |
| Net Margin | 17.9% | 17.6% | · | 14.5% | 15.9% | 18.0% | · | 18.2% | 15.7% | 15.5% | · | 16.7% | 14.5% | 13.9% | · | 9.1% | |
| Pretax Margin | 22.8% | 22.6% | · | 19.6% | 21.1% | 23.4% | · | 23.3% | 20.1% | 19.8% | · | 20.2% | 18.2% | 17.8% | · | 11.5% | |
| EBITDA Margin | 26.2% | 26.1% | · | 23.7% | 24.6% | 26.9% | · | 23.4% | 20.7% | 23.9% | · | 19.9% | 18.1% | 20.7% | · | 11.3% | |
| ROA | 3.9% | 3.5% | · | 3.1% | 3.5% | 3.9% | · | 4.9% | 4.0% | 3.9% | · | 4.8% | 4.2% | 4.2% | · | 2.6% | |
| ROE | 7.8% | 7.3% | · | 6.6% | 7.8% | 9.4% | · | 11.3% | 10.5% | 10.9% | · | 13.6% | 12.3% | 12.3% | · | 8.8% | |
| ROIC | 4.8% | 4.2% | · | 3.9% | 4.4% | 4.9% | · | 5.4% | 4.8% | 4.5% | · | 6.2% | 5.5% | 5.5% | · | 3.7% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.3 | 2.6 | · | 2.7 | 2.7 | 2.8 | · | 2.8 | 2.7 | 2.9 | · | 3.2 | 3.3 | 3.2 | · | 2.8 | |
| Quick Ratio | 1.1 | 1.2 | · | 1.3 | 1.3 | 1.5 | · | 1.4 | 1.4 | 1.5 | · | 1.6 | 1.6 | 1.5 | · | 1.3 | |
| Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.7 | · | 0.8 | 0.9 | 1.1 | · | 0.8 | 1.0 | 1.2 | · | 1.5 | |
| LT Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.7 | · | 0.8 | 0.9 | 1.1 | · | 0.8 | 1.0 | 1.2 | · | 1.5 | |
| Interest Coverage | 18.6 | 16.3 | · | 15.6 | 13.3 | 14.9 | · | 12.0 | 9.2 | 9.0 | · | 14.4 | 12.1 | 11.6 | · | 9.4 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| Inventory Turnover | 1.0 | 0.9 | · | 0.9 | 1.0 | 0.9 | · | 0.9 | 1.0 | 0.9 | · | 0.8 | 0.9 | 0.9 | · | 1.0 | |
| Receivables Turnover | 1.6 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.6 | 1.5 | 1.5 | · | 1.5 | 1.4 | 1.5 | · | 1.6 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.81B | $2.76B | · | $2.81B | $2.83B | $2.83B | · | $2.80B | $2.76B | $2.75B | · | $2.75B | $2.81B | $2.79B | · | $2.70B | |
| Net Income TTM | $463M | $456M | · | $470M | $481M | $478M | · | $463M | $430M | $416M | · | $372M | $327M | $287M | · | $241M | |
| Market Cap | $7.28B | $5.90B | · | $7.78B | $6.49B | $5.34B | · | $5.30B | $4.95B | $6.09B | · | $4.36B | $3.86B | $3.51B | · | $2.97B | |
| Enterprise Value | $8.04B | $6.76B | · | $8.46B | $7.26B | $6.22B | · | $6.30B | $6.03B | $7.25B | · | $5.04B | $4.64B | $4.40B | · | $3.91B | |
| P/E | 15.9 | 13.2 | · | 16.7 | 13.7 | 11.3 | · | 11.4 | 11.5 | 14.7 | · | 11.9 | 12.1 | 12.7 | · | 12.9 | |
| P/S | 2.6 | 2.1 | · | 2.8 | 2.3 | 1.9 | · | 1.9 | 1.8 | 2.2 | · | 1.6 | 1.4 | 1.3 | · | 1.1 | |
| P/B | 4.0 | 3.4 | · | 4.6 | 4.0 | 3.5 | · | 3.9 | 4.0 | 5.3 | · | 4.5 | 4.3 | 4.3 | · | 4.4 | |
| P / Tangible Book | 4.0 | 3.4 | · | 4.6 | 4.0 | 3.5 | · | 3.9 | 4.0 | 5.3 | · | 4.5 | 4.3 | 4.3 | · | 4.4 | |
| P / Cash Flow | · | 47.5 | · | · | · | 44.4 | · | · | · | 59.2 | · | · | · | 32.0 | · | · | |
| P / FCF | · | 59.1 | · | · | · | 49.8 | · | · | · | 68.2 | · | · | · | 35.8 | · | · | |
| EV / EBITDA | 41.1 | 38.7 | · | 51.7 | 42.3 | 33.0 | · | 37.2 | 41.0 | 43.5 | · | 38.1 | 37.4 | 30.3 | · | 49.6 | |
| EV / FCF | · | 67.8 | · | · | · | 57.9 | · | · | · | 81.2 | · | · | · | 44.9 | · | · | |
| EV / Revenue | 2.9 | 2.5 | · | 3.0 | 2.6 | 2.2 | · | 2.3 | 2.2 | 2.6 | · | 1.8 | 1.7 | 1.6 | · | 1.4 | |
| Earnings Yield | 6.3% | 7.5% | · | 6.0% | 7.3% | 8.8% | · | 8.7% | 8.7% | 6.8% | · | 8.4% | 8.3% | 7.9% | · | 7.8% | |
| Payout Ratio | · | 23.7% | · | · | · | 20.7% | · | · | · | 22.3% | · | · | · | 20.8% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $2.73B | $2.79B | $2.70B | $2.76B | $2.36B |
| Gross Margin % | 31.5% | 31.8% | 28.6% | 23.2% | 23.2% |
| Operating Margin % | 20.0% | 21.2% | 17.9% | 12.8% | 10.9% |
| Net Income | $419M | $462M | $389M | $280M | $191M |
| Diluted EPS | $44.44 | $48.22 | $40.44 | $27.77 | $17.71 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.7 | 0.6 | 1.3 | 1.5 |
| Current Ratio | 2.5 | 2.7 | 2.9 | 2.8 | 1.9 |
| Quick Ratio | 1.2 | 1.3 | 1.5 | 1.2 | 1.2 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $491M | $462M | $529M | $52M | $86M |
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Institutional owners (13F) 455 filers · $3.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 94 (+32 vs prior Q) | 41 (-36 vs prior Q) | 122 (-15 vs prior Q) | 131 (+14 vs prior Q) | -167K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $529,431,428 | 770,351 | 15.98% | Shares |
| LONDON CO OF VIRGINIA | $386,512,687 | 488,482 | 11.67% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $329,205,688 | 416,063 | 9.94% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $276,011,414 | 348,834 | 8.33% | Shares |
| STATE STREET CORP | $185,905,105 | 234,065 | 5.61% | Shares |
| AMERICAN CENTURY COMPANIES INC | $165,714,141 | 209,436 | 5.00% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $141,199,943 | 178,454 | 4.26% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $127,711,767 | 161,372 | 3.86% | Shares |
| Gotham Asset Management, LLC | $103,545,623 | 130,865 | 3.13% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $80,852,068 | 102,184 | 2.44% | Shares |
| Caisse de depot et placement du Quebec | $72,517,146 | 91,650 | 2.19% | Shares |
| NORGES BANK | $65,092,150 | 82,266 | 1.97% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $43,224,650 | 54,629 | 1.30% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $38,172,583 | 48,244 | 1.15% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $37,733,952 | 47,595 | 1.14% | Shares |
| DAVENPORT & Co LLC | $32,309,830 | 40,855 | 0.98% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $27,026,046 | 34,157 | 0.82% | Shares |
| MILLENNIUM MANAGEMENT LLC | $25,132,156 | 31,763 | 0.76% | Shares |
| Allianz Asset Management GmbH | $24,828,320 | 31,379 | 0.75% | Shares |
| HB Wealth Management, LLC | $23,950,044 | 30,269 | 0.72% | Shares |
| Retirement Systems of Alabama | $23,021,128 | 29,095 | 0.69% | Shares |
| CITADEL ADVISORS LLC | $20,018,372 | 25,300 | 0.60% | Call option |
| RHUMBLINE ADVISERS | $17,916,786 | 22,644 | 0.54% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $17,398,576 | 21,989 | 0.53% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $13,649,682 | 17,251 | 0.41% | Shares |
| Swiss National Bank | $11,947,724 | 15,100 | 0.36% | Shares |
| GOLDMAN SACHS GROUP INC | $11,883,634 | 15,019 | 0.36% | Shares |
| GAMCO INVESTORS, INC. ET AL | $11,472,980 | 14,500 | 0.35% | Shares |
| BANK OF AMERICA CORP /DE/ | $11,325,018 | 14,313 | 0.34% | Shares |
| BlackRock, Inc. | $10,606,572 | 13,405 | 0.32% | Shares |
| Quantinno Capital Management LP | $10,408,857 | 13,155 | 0.31% | Shares |
| Susquehanna Portfolio Strategies, LLC | $10,390,564 | 13,132 | 0.31% | Shares |
| AMERIPRISE FINANCIAL INC | $9,970,495 | 12,599 | 0.30% | Shares |
| Illinois Municipal Retirement Fund | $9,282,036 | 11,731 | 0.28% | Shares |
| Mariner, LLC | $8,832,617 | 11,163 | 0.27% | Shares |
| MACKENZIE FINANCIAL CORP | $8,512,951 | 10,759 | 0.26% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $8,218,610 | 10,387 | 0.25% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $7,858,596 | 9,932 | 0.24% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $6,779,560 | 8,568 | 0.20% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $6,442,276 | 8,142 | 0.19% | Shares |
| RAYMOND JAMES FINANCIAL INC | $6,257,163 | 7,908 | 0.19% | Shares |
| SCS Capital Management LLC | $6,046,537 | 7,613 | 0.18% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,903,150 | 9,210 | 0.18% | Shares |
| GABELLI FUNDS LLC | $5,855,176 | 7,400 | 0.18% | Shares |
| Boston Partners | $5,807,700 | 7,340 | 0.18% | Shares |
| ALLIANCEBERNSTEIN L.P. | $5,780,728 | 9,019 | 0.17% | Shares |
| VAN ECK ASSOCIATES CORP | $5,329,001 | 6,735 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $5,112,202 | 6,461 | 0.15% | Shares |
| ASSETMARK, INC | $5,029,913 | 6,357 | 0.15% | Shares |
| WELLS FARGO & COMPANY/MN | $4,946,041 | 6,251 | 0.15% | Shares |
| XTX Topco Ltd | $4,748,231 | 6,001 | 0.14% | Shares |
| IEQ CAPITAL, LLC | $4,533,451 | 5,730 | 0.14% | Shares |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC | $4,486,650 | 7,000 | 0.14% | Shares |
| Atlantic Union Bankshares Corp | $4,472,088 | 5,652 | 0.14% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $4,354,194 | 5,503 | 0.13% | Shares |
| RITHOLTZ WEALTH MANAGEMENT | $4,336,983 | 5,481 | 0.13% | Shares |
| D. E. Shaw & Co., Inc. | $3,956,200 | 5,000 | 0.12% | Call option |
| Union Heritage Capital, LLC | $3,804,282 | 4,808 | 0.11% | Shares |
| UBS Group AG | $3,776,589 | 4,773 | 0.11% | Shares |
| Engineers Gate Manager LP | $3,693,508 | 4,668 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,639,704 | 4,600 | 0.11% | Call option |
| Edge Capital Group, LLC | $3,573,231 | 6,763 | 0.11% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $3,525,765 | 4,456 | 0.11% | Shares |
| WOLVERINE TRADING, LLC | $3,513,487 | 4,300 | 0.11% | Call option |
| Legal & General Group Plc | $3,445,851 | 4,355 | 0.10% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $3,439,520 | 4,347 | 0.10% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $3,244,000 | 4,100 | 0.10% | Shares |
| CITADEL ADVISORS LLC | $3,164,960 | 4,000 | 0.10% | Put option |
| Squarepoint Ops LLC | $3,151,509 | 3,983 | 0.10% | Shares |
| Toroso Investments, LLC | $3,150,400 | 4,584 | 0.10% | Shares |
| LPL Financial LLC | $3,129,433 | 3,955 | 0.09% | Shares |
| Edgestream Partners, L.P. | $3,024,119 | 3,822 | 0.09% | Shares |
| D. E. Shaw & Co., Inc. | $2,975,062 | 3,760 | 0.09% | Shares |
| Salomon & Ludwin, LLC | $2,938,144 | 3,740 | 0.09% | Shares |
| NewEdge Wealth, LLC | $2,914,708 | 3,684 | 0.09% | Shares |
| MetLife Investment Management, LLC | $2,890,400 | 3,653 | 0.09% | Shares |
| MORGAN STANLEY | $2,867,315 | 3,623 | 0.09% | Shares |
| NORTHERN TRUST CORP | $2,802,572 | 3,542 | 0.08% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $2,724,299 | 3,964 | 0.08% | Shares |
| ING GROEP NV | $2,717,118 | 3,434 | 0.08% | Shares |
| Clearstead Advisors, LLC | $2,650,656 | 3,350 | 0.08% | Shares |
| MML INVESTORS SERVICES, LLC | $2,646,263 | 3,344 | 0.08% | Shares |
| TD Asset Management Inc | $2,531,968 | 3,200 | 0.08% | Shares |
| North Forty Two & Co. | $2,492,406 | 3,150 | 0.08% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,489,241 | 3,146 | 0.08% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $2,388,753 | 3,019 | 0.07% | Shares |
| JANE STREET GROUP, LLC | $2,373,720 | 3,000 | 0.07% | Call option |
| State of Tennessee, Department of Treasury | $2,345,236 | 2,964 | 0.07% | Shares |
| Vanguard Global Advisers, LLC | $2,318,333 | 2,930 | 0.07% | Shares |
| Ensign Peak Advisors, Inc | $2,312,003 | 2,922 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $2,294,571 | 3,583 | 0.07% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $2,277,189 | 2,878 | 0.07% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $2,264,968 | 3,288 | 0.07% | Shares |
| Quadrature Capital Ltd | $2,254,243 | 2,849 | 0.07% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $2,231,297 | 2,820 | 0.07% | Shares |
| Police & Firemen's Retirement System of New Jersey | $2,222,593 | 2,809 | 0.07% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $2,156,156 | 3,364 | 0.07% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $2,149,799 | 2,717 | 0.06% | Shares |
| Cove Street Capital, LLC | $2,138,438 | 2,582 | 0.06% | Shares |
| JANE STREET GROUP, LLC | $2,128,436 | 2,690 | 0.06% | Shares |
Company insiders 30 insiders · 19 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Thomas E Gottwald | Chairman, President & CEO | June 18, 2026 G | 116,424 | 0 | 0 | $0 |
| Timothy K Fitzgerald | Vice President & CFO | Feb. 19, 2026 F | 622 | 0 | 0 | $0 |
| William J Skrobacz | Vice President & CFO | Feb. 27, 2024 F | 384 | 0 | 0 | $0 |
| David A Fiorenza | VP & Chief Financial Officer | Feb. 3, 2015 S | 275 | 0 | 0 | $0 |
| Brian D Paliotti | President Afton Chemical Corp | Feb. 5, 2026 F | 3,239 | 0 | 0 | $0 |
| Regina A Harm | President Afton Chemical Corp | Feb. 27, 2020 F | 1,561 | 0 | 0 | $0 |
| Robert A. Shama | President Afton Chemical Corp | Nov. 14, 2017 F | 1,760 | 0 | 0 | $0 |
| C S Warren Huang | President Afton Chemical Corp | Sept. 4, 2012 F | 2,405 | 0 | 0 | $0 |
| Gottwald L Russell Jr | President - Ethyl Corporation | Feb. 4, 2008 S | 2,131 | 0 | 0 | $0 |
| Bryce Dickinson Jewett III | EVP and General Counsel | Feb. 5, 2026 F | 453 | 0 | 0 | $0 |
| Bruce R Hazelgrove III | EVP & CAO | Feb. 5, 2026 F | 680 | 0 | 0 | $0 |
| Ann P Pietrantoni | Controller | Feb. 5, 2025 A | 63 | 0 | 0 | $0 |
| Gail Ridgeway | Controller | March 5, 2024 A | 264 | 0 | 0 | $0 |
| Cameron D. Warner | Treasurer & Corp Dev Dir | Feb. 3, 2023 A | 978 | 0 | 0 | $0 |
| Rudolph M West | Secretary | Feb. 27, 2020 F | 865 | 0 | 0 | $0 |
| Steven M Edmonds | Vice President,General Counsel | Sept. 4, 2015 F | 940 | 0 | 0 | $0 |
| Wayne C Drinkwater | Controller | Feb. 5, 2013 G | 927 | 0 | 0 | $0 |
| Alex Mclean | Senior VP Afton Chemical Corp | Nov. 15, 2010 F | 335 | 0 | 0 | $0 |
| Newton A Perry | Senior Vice President | June 29, 2004 M | 18,790 | 0 | 0 | $0 |
| Lowell Simmons Ukrop | Director | July 1, 2026 A | 494 | 0 | 0 | $0 |
| Ting Xu | Director | July 1, 2026 A | 1,086 | 1 | 0 | $247,684 |
| Hiter H Harris III | Director | July 1, 2026 A | 2,239 | 0 | 0 | $0 |
| James E Rogers | Director | July 1, 2026 A | 3,897 | 0 | 0 | $0 |
| Mark M Gambill | Director | July 1, 2026 A | 4,149 | 0 | 0 | $0 |
| Patrick D Hanley | Director | July 3, 2023 A | 5,232 | 0 | 0 | $0 |
| Charles B Walker | Director | July 1, 2014 A | 15,745 | 0 | 0 | $0 |
| Sidney Buford Scott | Director | July 1, 2008 A | 15,737 | 0 | 0 | $0 |
| William W Berry | Director | Nov. 10, 2004 G | 2,133 | 0 | 0 | $0 |
| BRUCE C. GOTTWALD | 10% owner | Feb. 18, 2026 G | 361,755 | 0 | 0 | $0 |
| Phyllis Cothran | — | July 1, 2021 A | 6,049 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| BRUCE C. GOTTWALD ×10 filings | Jan. 7, 2026 | 0.00% | Amendment | Passive investment | SEC |
| Thomas E. Gottwald ×2 filings | Nov. 27, 2024 | — | Initial filing | — | SEC |
| Robert E. Robotti, Robotti & Company, Incorporated, Robotti & Company, LLC, Robotti & Company Advisors, LLC, Suzanne Robotti, Suzanne and Robert Robotti Foundation, Incorporated, Kenneth R. Wasiak, Ravenswood Management Company, L.L.C., The Ravenswood Investment Company, L.P. ×3 filings | March 24, 2006 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 124 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FXZ · First Trust Exchange-Traded AlphaDE… | 4.79% | 27,168 NS | April 30, 2026 | N-PORT |
| NEWZ · EA Series Trust | 3.26% | 916 NS | April 30, 2026 | N-PORT |
| RNIN · EA Series Trust | 1.24% | 2,820 NS | April 30, 2026 | N-PORT |
| BUL · Pacer Funds Trust | 0.80% | 1,502 NS | April 30, 2026 | N-PORT |
| HSMV · First Trust Exchange-Traded Fund III | 0.76% | 342 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.64% | 32,772 NS | April 30, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 0.55% | 8 NS | April 30, 2026 | N-PORT |
| FLOW · Global X Funds | 0.52% | 192 NS | May 31, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.52% | 1,262 NS | May 31, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.44% | 1,420 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.42% | 146,720 NS | May 31, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.41% | 3,237 NS | April 30, 2026 | N-PORT |
| FMAT · FIDELITY COVINGTON TRUST | 0.35% | 3,088 NS | April 30, 2026 | N-PORT |
| VALQ · AMERICAN CENTURY ETF TRUST | 0.31% | 1,403 NS | May 31, 2026 | N-PORT |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.31% | 2,778 NS | April 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 1,943 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.29% | 5,666 NS | April 30, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.27% | 1,752 NS | April 30, 2026 | N-PORT |
| PAMC · Pacer Funds Trust | 0.24% | 222 NS | April 30, 2026 | N-PORT |
| APUE · Trust for Professional Managers | 0.23% | 7,617 NS | May 31, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.21% | 966 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.19% | 396 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.18% | 21,147 NS | May 31, 2026 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.18% | 1,591 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.15% | 892 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.14% | 28,730 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.13% | 1,080 NS | May 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.13% | 274 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.13% | 1,220 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.13% | 269 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.13% | 37,524 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.13% | 4,411 NS | April 30, 2026 | N-PORT |
| FQAL · FIDELITY COVINGTON TRUST | 0.13% | 2,535 NS | April 30, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.11% | 18,795 NS | May 31, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.11% | 21,137 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.10% | 129 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 2,925 NS | April 30, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.09% | 309 NS | May 31, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.09% | 38 NS | May 31, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 931 NS | April 30, 2026 | N-PORT |
| GMOV · GMO ETF Trust | 0.09% | 100 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.08% | 672 NS | May 31, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.06% | 222 NS | May 29, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.06% | 114 NS | April 30, 2026 | N-PORT |
| PEXL · Pacer Funds Trust | 0.06% | 40 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.05% | 285 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.04% | 229 NS | May 31, 2026 | N-PORT |
| SFGV · EA Series Trust | 0.04% | 608 NS | May 29, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.04% | 6,579 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.03% | 7,278 NS | April 30, 2026 | N-PORT |