NYSE : NEM
Newmont Corporation — Financial statements
Materials · Gold · United States
Last price 106.61 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 110.79B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Newmont Corporation (NEM) reported revenue of 26.61B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 26.61B | 22.67B | 18.68B | 11.81B | 11.91B | 12.22B |
| Cost of Revenue | 8.50B | 8.33B | 9.29B | 8.23B | 7.39B | 7.28B |
| Gross Profit | 18.10B | 14.34B | 9.39B | 3.58B | 4.53B | 4.94B |
| Selling, General & Admin | 338.00M | 394.00M | 439.00M | 297.00M | 276.00M | 259.00M |
| Research & Development | 193.00M | 166.00M | 197.00M | 200.00M | 229.00M | 154.00M |
| Operating Expenses | 3.32B | 3.32B | 3.48B | 2.87B | 2.92B | 2.94B |
| Operating Income | 14.78B | 11.01B | 5.91B | 710.00M | 1.60B | 2.00B |
| Interest Expense | -138.00M | -229.00M | -375.00M | -243.00M | -227.00M | -274.00M |
| Interest & Investment Income | 312.00M | 214.00M | 152.00M | 148.00M | 78.00M | 18.00M |
| Earnings From Equity Investments | 667.00M | 421.00M | 133.00M | 63.00M | 107.00M | 166.00M |
| Currency Exchange Gain (Loss) | -122.00M | -137.00M | 101.00M | -56.00M | -5.00M | 23.00M |
| Other Non Operating Income (Expenses) | -29.00M | -37.00M | 3.00M | 40.00M | 16.00M | -11.00M |
| EBT Excluding Unusual Items | 15.47B | 11.24B | 5.93B | 662.00M | 1.57B | 1.92B |
| Merger & Restructuring Charges | -104.00M | -186.00M | -110.00M | -488.00M | -4.00M | -11.00M |
| Impairment of Goodwill | -1.76B | -800.00M | ||||
| Gain (Loss) on Sale of Investments | 100.00M | 604.00M | 62.00M | -47.00M | -46.00M | -136.00M |
| Gain (Loss) on Sale of Assets | 29.00M | 1.05B | -1.08B | -197.00M | 35.00M | -359.00M |
| Asset Writedown | -792.00M | -842.00M | -78.00M | -131.00M | -520.00M | -25.00M |
| Other Unusual Items | -1.00M | -102.00M | -12.00M | -7.00M | -197.00M | -113.00M |
| Pretax Income | 14.71B | 11.76B | 4.71B | -1.97B | 56.00M | 1.27B |
| Income Tax Expense | 5.26B | 4.60B | 1.40B | 526.00M | 455.00M | 1.10B |
| Earnings From Continuing Operations | 9.44B | 7.17B | 3.31B | -2.49B | -399.00M | 176.00M |
| Earnings From Discontinued Operations | 68.00M | 27.00M | 30.00M | 57.00M | ||
| Net Income to Company | 9.44B | 7.17B | 3.38B | -2.47B | -369.00M | 233.00M |
| Minority Interest in Earnings | -200.00M | -82.00M | -33.00M | -27.00M | -60.00M | 933.00M |
| Net Income | 9.24B | 7.08B | 3.35B | -2.49B | -429.00M | 1.17B |
| Net Income to Common | 9.24B | 7.08B | 3.35B | -2.49B | -429.00M | 1.17B |
| Shares Outstanding (Basic) | 1.07B | 1.11B | 1.15B | 841.00M | 794.00M | 799.00M |
| Shares Outstanding (Diluted) | 1.07B | 1.11B | 1.15B | 841.00M | 795.00M | 801.00M |
| EPS (Basic) | 8.62 | 6.41 | 2.92 | -2.97 | -0.54 | 1.46 |
| EPS (Diluted) | 8.59 | 6.39 | 2.92 | -2.97 | -0.54 | 1.46 |
| Free Cash Flow | 10.07B | 7.30B | 2.96B | 97.00M | 1.09B | 2.63B |
| Free Cash Flow Per Share | 9.37 | 6.59 | 2.58 | 0.12 | 1.37 | 3.28 |
| Dividend Per Share | 1.04 | 1.01 | 1.00 | 1.45 | 2.05 | 2.20 |
| Gross Margin | 68.04% | 63.24% | 50.27% | 30.31% | 37.99% | 40.43% |
| Operating Margin | 55.56% | 48.57% | 31.65% | 6.01% | 13.47% | 16.33% |
| Profit Margin | 34.73% | 31.25% | 17.92% | -21.11% | -3.60% | 9.54% |
| Free Cash Flow Margin | 37.86% | 32.20% | 15.85% | 0.82% | 9.14% | 21.49% |
| EBITDA | 17.61B | 13.85B | 8.86B | 3.06B | 3.97B | 4.45B |
| EBITDA Margin | 66.20% | 61.08% | 47.43% | 25.93% | 33.31% | 36.41% |
| D&A For EBITDA | 2.83B | 2.83B | 2.95B | 2.35B | 2.36B | 2.45B |
| EBIT | 14.78B | 11.01B | 5.91B | 710.00M | 1.60B | 2.00B |
| EBIT Margin | 55.56% | 48.57% | 31.65% | 6.01% | 13.47% | 16.33% |
| Effective Tax Rate | 35.80% | 39.07% | 29.66% | 812.50% | 86.19% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.83B | 7.65B | 3.62B | 3.00B | 2.88B | 4.99B |
| Short-Term Investments | 594.00M | 21.00M | 23.00M | 880.00M | 82.00M | |
| Cash & Short-Term Investments | 8.83B | 8.24B | 3.64B | 3.02B | 3.76B | 5.07B |
| Accounts Receivable | 952.00M | 1.07B | 1.06B | 734.00M | 366.00M | 337.00M |
| Other Receivables | 544.00M | 678.00M | 496.00M | 324.00M | ||
| Receivables | 1.50B | 1.75B | 1.55B | 734.00M | 690.00M | 337.00M |
| Inventory | 2.90B | 2.69B | 2.18B | 2.64B | 1.75B | 1.79B |
| Restricted Cash | 1.00M | 3.00M | 1.00M | 11.00M | 1.00M | 2.00M |
| Other Current Assets | 347.00M | 388.00M | 4.90B | 1.10B | 314.00M | 496.00M |
| Total Current Assets | 13.57B | 13.07B | 12.28B | 7.51B | 6.51B | 7.70B |
| Property, Plant & Equipment | 33.87B | 33.31B | 33.55B | 37.56B | 24.07B | 24.12B |
| Long-Term Investments | 4.07B | 4.19B | 4.47B | 4.14B | 3.28B | 3.24B |
| Goodwill | 2.66B | 2.66B | 2.66B | 3.00B | 1.97B | 2.77B |
| Long-Term Deferred Tax Assets | 16.00M | 45.00M | 124.00M | 268.00M | 173.00M | 269.00M |
| Other Long-Term Assets | 4.00B | 3.86B | 3.27B | 3.02B | 2.47B | 2.46B |
| Total Assets | 58.18B | 57.12B | 56.35B | 55.51B | 38.48B | 40.56B |
| Accounts Payable | 879.00M | 816.00M | 843.00M | 960.00M | 633.00M | 518.00M |
| Accrued Expenses | 1.63B | 1.56B | 1.36B | 1.48B | 849.00M | 587.00M |
| Short-Term Debt | 924.00M | |||||
| Current Portion of Long-Term Debt | 1.92B | 87.00M | ||||
| Current Portion of Leases | 134.00M | 151.00M | 107.00M | 138.00M | 96.00M | 106.00M |
| Current Income Taxes Payable | 1.37B | 1.19B | 381.00M | 88.00M | 199.00M | 384.00M |
| Other Current Liabilities | 1.52B | 2.00B | 3.93B | 1.41B | 1.15B | 972.00M |
| Total Current Liabilities | 5.54B | 5.71B | 7.54B | 6.00B | 2.93B | 2.65B |
| Long-Term Debt | 5.09B | 5.12B | 7.55B | 6.95B | 5.57B | 5.57B |
| Long-Term Leases | 363.00M | 432.00M | 389.00M | 448.00M | 465.00M | 544.00M |
| Pension & Post-Retirement Benefits | 624.00M | 634.00M | 555.00M | 655.00M | 342.00M | 439.00M |
| Long-Term Deferred Tax Liabilities | 3.78B | 4.04B | 2.82B | 2.99B | 1.81B | 2.14B |
| Other Long-Term Liabilities | 6.94B | 7.14B | 7.38B | 9.26B | 7.84B | 7.36B |
| Total Liabilities | 22.33B | 23.08B | 26.24B | 26.30B | 18.95B | 18.70B |
| Common Stock | 1.68B | 1.75B | 1.81B | 1.85B | 1.28B | 1.28B |
| Additional Paid-In Capital | 27.65B | 28.85B | 29.81B | 30.42B | 17.37B | 17.98B |
| Retained Earnings | 6.58B | 3.43B | -1.32B | -3.00B | 916.00M | 3.10B |
| Treasury Stock | -349.00M | -301.00M | -278.00M | -264.00M | -239.00M | -200.00M |
| Comprehensive Income & Other | 123.00M | 137.00M | -95.00M | 14.00M | 29.00M | -133.00M |
| Total Common Equity | 35.67B | 33.87B | 29.93B | 29.03B | 19.35B | 22.02B |
| Minority Interest | 175.00M | 175.00M | 181.00M | 178.00M | 179.00M | -161.00M |
| Shareholders' Equity | 35.85B | 34.04B | 30.11B | 29.20B | 19.53B | 21.86B |
| Total Liabilities & Equity | 58.18B | 57.12B | 56.35B | 55.51B | 38.48B | 40.56B |
| Total Debt | 5.58B | 5.70B | 8.97B | 9.46B | 6.13B | 6.30B |
| Net Cash (Debt) | 3.68B | 2.71B | -5.02B | -6.21B | -2.15B | -921.00M |
| Net Cash Per Share | 3.42 | 2.45 | -4.38 | -7.38 | -2.70 | -1.15 |
| Filing Date Shares Outstanding | 1.04B | 1.09B | 1.13B | 1.15B | 793.79M | 792.50M |
| Total Common Shares Outstanding | 1.04B | 1.09B | 1.13B | 1.15B | 793.00M | 792.45M |
| Working Capital | 8.03B | 7.35B | 4.73B | 1.51B | 3.59B | 5.04B |
| Book Value Per Share | 34.20 | 31.11 | 26.56 | 25.19 | 24.41 | 27.79 |
| Tangible Book Value | 33.02B | 31.21B | 27.27B | 26.03B | 17.38B | 19.25B |
| Tangible Book Value Per Share | 31.66 | 28.67 | 24.20 | 22.58 | 21.92 | 24.29 |
| Land | 297.00M | 253.00M | 347.00M | 281.00M | 260.00M | |
| Construction In Progress | 4.58B | 5.18B | 4.80B | 3.21B | 2.31B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.24B | 7.08B | 3.35B | -2.49B | -429.00M | 1.17B |
| Depreciation & Amortization | 2.83B | 2.83B | 2.95B | 2.35B | 2.36B | 2.45B |
| Loss (Gain) From Sale of Assets | 3.00M | -1.07B | 1.11B | -35.00M | 359.00M | |
| Asset Writedown & Restructuring Costs | 842.00M | 842.00M | 78.00M | 1.89B | 1.32B | 25.00M |
| Loss (Gain) From Sale of Investments | -100.00M | -604.00M | -62.00M | 47.00M | 46.00M | 135.00M |
| Stock-Based Compensation | 99.00M | 99.00M | 89.00M | 80.00M | 73.00M | 72.00M |
| Other Operating Activities | 980.00M | 1.35B | -172.00M | 1.39B | 700.00M | 596.00M |
| Change in Accounts Receivable | 46.00M | -93.00M | -441.00M | -240.00M | 5.00M | 142.00M |
| Change in Inventory | -567.00M | -454.00M | -534.00M | -187.00M | -161.00M | -136.00M |
| Change in Accounts Payable | 69.00M | -19.00M | -2.00M | -42.00M | 102.00M | -11.00M |
| Change in Income Taxes | 625.00M | 1.04B | 235.00M | -197.00M | -343.00M | -317.00M |
| Change in Other Net Operating Assets | -969.00M | -683.00M | -283.00M | 153.00M | -444.00M | -219.00M |
| Operating Cash Flow | 13.10B | 10.33B | 6.36B | 2.76B | 3.22B | 4.28B |
| Capital Expenditures | -3.02B | -3.04B | -3.40B | -2.67B | -2.13B | -1.65B |
| Cash Acquisitions | 668.00M | -15.00M | -328.00M | |||
| Divestitures | 121.00M | 2.81B | 560.00M | 16.00M | 84.00M | |
| Investment in Securities | 326.00M | 975.00M | -57.00M | 974.00M | -808.00M | 3.00M |
| Other Investing Activities | -53.00M | -145.00M | 197.00M | 22.00M | -45.00M | 26.00M |
| Investing Cash Flow | -2.63B | 606.00M | -2.70B | -1.00B | -2.98B | -1.87B |
| Long-Term Debt Issued | 3.48B | 992.00M | ||||
| Long-Term Debt Repaid | -3.52B | -3.95B | -67.00M | -155.00M | -1.46B | |
| Net Debt Issued (Repaid) | -212.00M | -3.52B | -471.00M | -67.00M | -155.00M | -463.00M |
| Repurchase of Common Stock | -5.69B | -2.33B | -1.26B | -25.00M | -39.00M | -557.00M |
| Common Dividends Paid | -1.10B | -1.11B | -1.15B | -1.42B | -1.75B | -1.76B |
| Other Financing Activities | -235.00M | -83.00M | -77.00M | -96.00M | -416.00M | -181.00M |
| Financing Cash Flow | -7.24B | -7.04B | -2.95B | -1.60B | -2.36B | -2.96B |
| Foreign Exchange Rate Adjustments | -22.00M | -4.00M | -20.00M | -2.00M | -30.00M | -8.00M |
| Miscellaneous Cash Flow Adjustments | 138.00M | -138.00M | ||||
| Net Cash Flow | 3.20B | 4.03B | 550.00M | 156.00M | -2.15B | -555.00M |
| Free Cash Flow | 10.07B | 7.30B | 2.96B | 97.00M | 1.09B | 2.63B |
| Free Cash Flow Margin | 37.86% | 32.20% | 15.85% | 0.82% | 9.14% | 21.49% |
| Free Cash Flow Per Share | 9.37 | 6.59 | 2.58 | 0.12 | 1.37 | 3.28 |
| Levered Free Cash Flow | 9.15B | 9.50B | 1.52B | -563.12M | 1.40B | 1.75B |
| Unlevered Free Cash Flow | 9.24B | 9.64B | 1.76B | -411.25M | 1.55B | 1.92B |
| Cash Interest Paid | 233.00M | 233.00M | 317.00M | 228.00M | 172.00M | 229.00M |
| Cash Income Tax Paid | 3.96B | 2.46B | 966.00M | 794.00M | 1.12B | 1.53B |
| Change in Working Capital | -796.00M | -210.00M | -1.02B | -513.00M | -841.00M | -541.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 113.66B | 108.78B | 42.06B | 47.70B | 37.46B | 49.56B |
| Enterprise Value | 109.98B | 108.53B | 48.02B | 50.57B | 39.77B | 51.33B |
| Last Close Price | 106.61 | 99.21 | 36.36 | 39.45 | 43.24 | 54.58 |
| PE Ratio | 12.73 | 15.35 | 12.56 | 42.50 | ||
| Forward PE | 11.73 | 12.85 | 10.49 | 17.06 | 24.34 | 21.70 |
| PS Ratio | 4.16 | 4.80 | 2.25 | 4.04 | 3.14 | 4.05 |
| PB Ratio | 3.12 | 3.20 | 1.40 | 1.63 | 1.92 | 2.27 |
| P/TBV Ratio | 3.36 | 3.49 | 1.54 | 1.83 | 2.15 | 2.57 |
| P/FCF Ratio | 11.00 | 14.90 | 14.20 | 491.79 | 34.40 | 18.87 |
| P/OCF Ratio | 8.46 | 10.53 | 6.61 | 17.27 | 11.63 | 11.58 |
| PEG Ratio | 0.72 | 0.22 | 0.72 | 1.43 | 16.85 | 16.85 |
| EV/Sales Ratio | 4.03 | 4.79 | 2.57 | 4.28 | 3.34 | 4.20 |
| EV/EBITDA Ratio | 6.08 | 7.84 | 5.42 | 16.51 | 10.02 | 11.54 |
| EV/EBIT Ratio | 7.25 | 9.86 | 8.12 | 71.23 | 24.78 | 25.72 |
| EV/FCF Ratio | 10.63 | 14.87 | 16.22 | 521.38 | 36.52 | 19.55 |
| Debt / Equity Ratio | 0.16 | 0.17 | 0.30 | 0.32 | 0.31 | 0.29 |
| Debt / EBITDA Ratio | 0.31 | 0.40 | 1.01 | 2.78 | 1.54 | 1.42 |
| Debt / FCF Ratio | 0.55 | 0.78 | 3.03 | 97.53 | 5.63 | 2.40 |
| Net Debt / Equity Ratio | -0.10 | -0.08 | 0.17 | 0.21 | 0.11 | 0.04 |
| Net Debt / EBITDA Ratio | -0.21 | -0.20 | 0.57 | 2.03 | 0.54 | 0.21 |
| Net Debt / FCF Ratio | -0.36 | -0.37 | 1.70 | 63.98 | 1.97 | 0.35 |
| Asset Turnover | 0.47 | 0.40 | 0.33 | 0.25 | 0.30 | 0.30 |
| Inventory Turnover | 3.18 | 3.42 | 3.85 | 3.75 | 4.17 | 4.07 |
| Quick Ratio | 1.86 | 1.75 | 0.69 | 0.63 | 1.52 | 2.04 |
| Current Ratio | 2.45 | 2.29 | 1.63 | 1.25 | 2.23 | 2.90 |
| Return on Equity (ROE) | 27.26% | 22.34% | 11.17% | -10.23% | -1.93% | 0.77% |
| Return on Assets (ROA) | 16.37% | 12.13% | 6.61% | 0.94% | 2.54% | 3.04% |
| Return on Invested Capital (ROIC) | 29.38% | 20.04% | 11.70% | 2.47% | -50.83% | 1.15% |
| Return on Capital Employed (ROCE) | 28.10% | 21.40% | 12.10% | 1.40% | 4.50% | 5.30% |
| Earnings Yield | 7.85% | 6.51% | 7.96% | -5.23% | -1.15% | 2.35% |
| FCF Yield | 9.09% | 6.71% | 7.04% | 0.20% | 2.91% | 5.30% |
| Dividend Yield | 0.95% | 1.01% | 2.68% | 3.50% | 4.34% | 3.52% |
| Payout Ratio | 12.11% | 15.61% | 34.20% | 150.69% | ||
| Buyback Yield / Dilution | 3.91% | 3.48% | -36.50% | -5.79% | 0.75% | 0.62% |
| Total Shareholder Return | 4.89% | 4.50% | -33.82% | -2.28% | 5.09% | 4.14% |