Newmarket (NEU) Asset Utilization Ratio (2010 - 2026)
Newmarket's Asset Utilization Ratio came in at 0.77 for Q2 2026, down 11.0% from 0.86 a year earlier and unchanged from the prior quarter.
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Analysis
Newmarket (NEU) Asset Utilization Ratio (2010 - 2026) Analysis & Trends
For FY2025, Newmarket's Asset Utilization Ratio was 0.82, down 19.7% from FY2024.
- Going back by year, Asset Utilization Ratio was 1.02 in FY2024 (-10.5%), 1.14 in FY2023 (+2.8%), 1.11 in FY2022 (+6.2%) and 1.05 in FY2021 (-0.4%).
- The Q2 2026 figure represents the lowest quarterly Asset Utilization Ratio in data going back to Q3 2010.
- Year-over-year, Asset Utilization Ratio has declined for four consecutive quarters, with an average decline of 11.9% over the last eight quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q2 2022 (growth of 24.4%), and the weakest in Q2 2024 (a decline of 26.5%).
- Business Quant data shows NEU's Asset Utilization Ratio at 0.77 (Q1 2026), 0.81 (Q4 2025) and 0.85 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 231.45 Bn | 213.03 Bn | 4.43 Bn | 0.41 |
| 2 | Corning | 116.59 Bn | 109.15 Bn | 1.63 Bn | 0.53 |
| 3 | Sherwin Williams | 82.19 Bn | 81.23 Bn | 3.34 Bn | 0.92 |
| 4 | Air Products & Chemicals | 67.40 Bn | 62.58 Bn | 1.04 Bn | 0.31 |
| 5 | LyondellBasell Industries | 40.93 Bn | 30.44 Bn | 2.04 Bn | 0.91 |
| 6 | Nutrien | 33.12 Bn | 29.95 Bn | 3.25 Bn | 0.52 |
| 7 | Qnity Electronics | 25.20 Bn | 22.33 Bn | 666.00 Mn | 0.37 |
| 8 | Ppg Industries | 24.54 Bn | 17.20 Bn | 1.81 Bn | 0.73 |
| 9 | Ati | 24.54 Bn | 22.56 Bn | 309.80 Mn | 0.86 |
| 10 | Newmarket | 8.11 Bn | 7.76 Bn | 242.43 Mn | 0.77 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.77 |
| Mar 31, 2026 | 0.77 |
| Dec 31, 2025 | 0.81 |
| Sep 30, 2025 | 0.85 |
| Jun 30, 2025 | 0.86 |
| Mar 31, 2025 | 0.88 |
| Dec 31, 2024 | 0.89 |
| Sep 30, 2024 | 0.88 |
| Jun 30, 2024 | 0.86 |
| Mar 31, 2024 | 0.99 |
| Dec 31, 2023 | 1.17 |
| Sep 30, 2023 | 1.18 |
| Jun 30, 2023 | 1.17 |
| Mar 31, 2023 | 1.18 |
| Dec 31, 2022 | 1.17 |
| Sep 30, 2022 | 1.14 |
| Jun 30, 2022 | 1.12 |
| Mar 31, 2022 | 1.01 |
| Dec 31, 2021 | 0.94 |
| Sep 30, 2021 | 0.94 |
API Access
Newmarket Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NEU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "NEU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NEU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();