HIGHBuilt-inGeographic
61%
international (outside United States)
“10-K Item 1A: 'sales to customers outside of the United States accounted for approximately 61% of consolidated net sales'”
NEU · Concentration risk · 10-K extracted
NewMarket (NEU) concentration risks
Updated
The most significant concentration NewMarket discloses is international (outside United States) at 61%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: NewMarket’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single-source raw material suppliers
“10-K Item 1A: 'in some cases, we choose to source from a single supplier'”
MEDIUMBuilt-in & outside partyCustomer
U.S. government specialty materials
“10-K Item 1A: 'Sales to U.S. government contractors and subcontractors, as well as directly to the U.S. government, represent a significant portion of our specialty materials business'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans three dimensions: geographic, supplier, and a government-customer segment, with the geographic and supplier exposures each carrying a high disclosed share. Sales to customers outside of the United States accounted for approximately 61% of consolidated net sales — a high-share structural exposure by disclosed size. The international footprint is broadly characteristic of a specialty chemicals business serving global lubricant and fuel additive markets, and the risk moves through currency translation, regional demand cycles, and trade policy rather than through any single foreign customer or contract. On the supply side, the company sources from single suppliers in some cases — a high-share dependency by disclosed size, though no specific percentage is disclosed in the filing language. Single-source raw material relationships represent the one area in the profile where an idiosyncratic counterparty event — a disruption, a pricing dispute, or a capacity constraint at a sole supplier — could affect production costs or availability for specific product lines. Layered on these is a moderate-share mixed exposure to sales to U.S. government contractors and subcontractors, as well as directly to the U.S. government, which represent a significant portion of the specialty materials business. This exposure has both structural elements (defense and government programs tend to be multi-year) and dependency elements (contract renewals and government budget cycles introduce variability). On balance, the three exposures are distinct in character and channel: the geographic tilt is the largest and most diffuse; the single-source supply risk is the most idiosyncratic; and the government contractor share adds a degree of program-level dependency.
For the engine’s reasoning on NEU’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Chemicals
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| NEU● | NewMarket Corp | 2 | 1 | 0 | 3 |
| APD | Air Products and Chemicals, Inc | 2 | 0 | 0 | 2 |
| ALB | Albemarle Corporation | 1 | 1 | 0 | 2 |
| AVNT | Avient Corporation | 1 | 0 | 0 | 1 |
| AXTA | Axalta Coating Systems Ltd. | 0 | 1 | 0 | 1 |
| ASH | Ashland Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.