Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>NewMarket Corporation released its financial results for the third quarter of 2025, showing both strengths and weaknesses across its operational landscape.</li><li>Let's dissect the key elements of the results to understand the investment thesis for the company.</li><li>In the third quarter, NewMarket reported a net income of $100 million, equating to $10.67 per share.</li></ul>

NewMarket Corporation released its financial results for the third quarter of 2025, showing both strengths and weaknesses across its operational landscape.Let's dissect the key elements of the results to understand the investment thesis for the company.In the third quarter, NewMarket reported a net income of $100 million, equating to $10.67 per share.

NewMarket Shocks Wall Street With Bold Specialty Materials Bet — Is a Massive Growth Wave Coming?

<ul><li>NewMarket Corporation, long known for its dominance in petroleum additives, is quietly reshaping its future.</li><li>On September 17, 2025, the company revealed it had entered into a definitive agreement to acquire Mars TopCo, the parent company of Calca Solutions—a hydrazine manufacturer based in Lake Charles, Louisiana.</li><li>Hydrazine is a critical propellant used in space missions, making Calca a high-value asset in the mission-critical chemicals sector.</li></ul>

NewMarket Corporation, long known for its dominance in petroleum additives, is quietly reshaping its future.On September 17, 2025, the company revealed it had entered into a definitive agreement to acquire Mars TopCo, the parent company of Calca Solutions—a hydrazine manufacturer based in Lake Charles, Louisiana.Hydrazine is a critical propellant used in space missions, making Calca a high-value asset in the mission-critical chemicals sector.

NewMarket’s Space Chemicals Power Play: The Calca Acquisition Could Be A Game Changer!

<ul><li>NewMarket Corporation's financial performance in the second quarter of 2025 highlights several key areas of stability and challenge within its business operations.</li><li>During this period, the company reported a slight decline in net income, with $111 million or $11.84 per share compared to $112 million or $11.63 per share in the same quarter of 2024.</li><li>Despite this quarterly decline, NewMarket achieved a record net income for the first half of 2025, reaching $237 million or $25.11 per share, up from $219 million or $22.87 per share in the first half of 2024.</li></ul>

NewMarket Corporation's financial performance in the second quarter of 2025 highlights several key areas of stability and challenge within its business operations.During this period, the company reported a slight decline in net income, with $111 million or $11.84 per share compared to $112 million or $11.63 per share in the same quarter of 2024.Despite this quarterly decline, NewMarket achieved a record net income for the first half of 2025, reaching $237 million or $25.11 per share, up from $219 million or $22.87 per share in the first half of 2024.

NewMarket Corporation: A Closer Look At Its Expansion of Specialty Materials & Key Growth Catalysts!

<ul><li>NewMarket Corporation's first quarter of 2025 results present a complex financial landscape characterized by both strengths and challenges.</li><li>The company reported a net income of $126 million, translating to $13.26 per share, a notable increase from $108 million, or $11.23 per share, in the same quarter the previous year.</li><li>This positive growth in net income suggests strong profitability management, despite facing a decline in sales figures in some segments.</li></ul>

NewMarket Corporation's first quarter of 2025 results present a complex financial landscape characterized by both strengths and challenges.The company reported a net income of $126 million, translating to $13.26 per share, a notable increase from $108 million, or $11.23 per share, in the same quarter the previous year.This positive growth in net income suggests strong profitability management, despite facing a decline in sales figures in some segments.

NewMarket Corporation: Investment in AMPAC Production Capacity As A Pivotal Growth Factor!

<ul><li>NewMarket Corporation has demonstrated notable financial performance in the fiscal year 2024, showing an increase in net income to $462 million or $48.22 per share, up from $389 million or $40.44 per share in the previous year.</li><li>The fourth quarter alone saw net income rise from $80 million to $111 million.</li><li>This growth can be attributed to various strategic decisions and operational efficiencies, although the company faced challenges related to sales and the broader inflationary environment.</li></ul>

NewMarket Corporation has demonstrated notable financial performance in the fiscal year 2024, showing an increase in net income to $462 million or $48.22 per share, up from $389 million or $40.44 per share in the previous year.The fourth quarter alone saw net income rise from $80 million to $111 million.This growth can be attributed to various strategic decisions and operational efficiencies, although the company faced challenges related to sales and the broader inflationary environment.

NewMarket Corporation Struggles With Slipping Sales Despite Profit Surge – What’s Behind The Petroleum Additives Underperformance?

United States

NewMarket Corporation develops, manufactures, and blends fuel and lubricant additives marketed worldwide to refiners and others who sell petroleum products. The Company's products are used in transportation and industrial equipment.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Newmarket Corp (NEU US)

NewMarket Shocks Wall Street With Bold Specialty Materials Bet — Is a Massive Growth Wave Coming?

NewMarket Corporation released its financial results for the third quarter of 2025, showing both strengths and weaknesses across its operational...

Baptista Research

NewMarket’s Space Chemicals Power Play: The Calca Acquisition Could Be A Game Changer!

NewMarket Corporation, long known for its dominance in petroleum additives, is quietly reshaping its future. On September 17, 2025, the company...

Baptista Research

NewMarket Corporation: A Closer Look At Its Expansion of Specialty Materials & Key Growth Catalysts!

NewMarket Corporation's financial performance in the second quarter of 2025 highlights several key areas of stability and challenge within its...

Baptista Research

NewMarket Corporation: Investment in AMPAC Production Capacity As A Pivotal Growth Factor!

NewMarket Corporation's first quarter of 2025 results present a complex financial landscape characterized by both strengths and challenges. The...

Baptista Research

NewMarket Corporation Struggles With Slipping Sales Despite Profit Surge – What’s Behind The Petroleum Additives Underperformance?

NewMarket Corporation has demonstrated notable financial performance in the fiscal year 2024, showing an increase in net income to $462 million or...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)