NewMarket Gross Margin 2010-2024 | NEU
- NewMarket average gross margin for 2023 was 26.86%, a 22.04% increase from 2022.
- NewMarket average gross margin for 2022 was 22.01%, a 16.72% increase from 2021.
- NewMarket average gross margin for 2021 was 26.43%, a 9.55% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.