NewMarket Return On Tangible Equity 2010-2025 | NEU
- NewMarket average return on tangible equity for 2024 was 67.86, a 32.1% increase from 2023.
- NewMarket average return on tangible equity for 2023 was 51.37, a 48.13% increase from 2022.
- NewMarket average return on tangible equity for 2022 was 34.68, a 7.72% increase from 2021.
Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.