Kinross Gold Financials

KGCRF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Kinross Gold (KGCRF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 81/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Kinross Gold's revenue surged 21.4% year-over-year to $5.1B, reflecting rapid business expansion. This strong growth earns a score of 90/100.

Leverage

100

Kinross Gold carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Kinross Gold's current ratio of 2.01 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Kinross Gold converts 26.6% of revenue into free cash flow ($1.4B). This strong cash generation earns a score of 100/100.

Returns

Kinross Gold's ROE of 14.2% shows moderate profitability relative to equity, earning a score of 57/100. This is up from 6.7% the prior year.

Piotroski F-Score Neutral

5/9

Kinross Gold passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.46x

For every $1 of reported earnings, Kinross Gold generates $2.46 in operating cash flow ($2.4B OCF vs $994.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$5.1B

YoY+21.4%

5Y CAGR+8.0%

Kinross Gold generated $5.1B in revenue in fiscal year 2024. This represents an increase of 21.4% from the prior year.

EBITDA

N/A

Free Cash Flow

$1.4B

YoY+170.4%

5Y CAGR+52.8%

Kinross Gold generated $1.4B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 170.4% from the prior year.

Net Income

$994.0M

YoY+139.3%

5Y CAGR+6.7%

Kinross Gold reported $994.0M in net income in fiscal year 2024. This represents an increase of 139.3% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$611.5M

YoY+73.5%

5Y CAGR+1.2%

Kinross Gold held $611.5M in cash against $1.4B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

1.23B

YoY+0.1%

5Y CAGR-0.4%

Kinross Gold had 1.23B shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

19.3%

YoY+9.5pp

5Y CAGR-1.2pp

Kinross Gold's net profit margin was 19.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.5 percentage points from the prior year.

Return on Equity

14.2%

YoY+7.5pp

5Y CAGR+0.7pp

Kinross Gold's ROE was 14.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 7.5 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.1B

YoY-2.1%

5Y CAGR+0.3%

Kinross Gold invested $1.1B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 2.1% from the prior year.

KGCRF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$5.1B+21.4%	$4.2B+22.7%	$3.5B+32.9%	$2.6B-38.3%	$4.2B+20.5%	$3.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$487.4M+66.2%	$293.2M+285.3%	$76.1M-33.8%	$115.0M-73.9%	$439.8M+78.3%	$246.7M
Net Income	$994.0M+139.3%	$415.4M+168.6%	-$605.7M-377.0%	$218.7M-83.9%	$1.4B+89.5%	$717.1M
EPS (Diluted)	N/A	$0.34+1600.0%	$0.02+200.0%	$-0.02	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KGCRF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$10.9B+3.1%	$10.5B+1.4%	$10.4B-0.3%	$10.4B-4.6%	$10.9B+20.5%	$9.1B
Current Assets	$2.1B+18.0%	$1.8B-2.7%	$1.9B-4.9%	$1.9B-20.4%	$2.4B+34.3%	$1.8B
Cash & Equivalents	$611.5M+73.5%	$352.4M-15.7%	$418.1M-21.3%	$531.5M-56.1%	$1.2B+110.6%	$575.1M
Inventory	$1.2B+7.8%	$1.2B+7.5%	$1.1B-6.9%	$1.2B+7.3%	$1.1B+1.8%	$1.1B
Accounts Receivable	$52.6M-10.1%	$58.5M-81.6%	$318.2M+48.3%	$214.5M+85.2%	$115.8M-15.7%	$137.4M
Goodwill	N/A	N/A	N/A	$158.8M0.0%	$158.8M0.0%	$158.8M
Total Liabilities	$3.9B-11.3%	$4.4B-3.5%	$4.5B+19.5%	$3.8B-11.5%	$4.3B+14.1%	$3.7B
Current Liabilities	$1.1B+54.6%	$685.5M-8.8%	$751.5M+1.4%	$741.4M-45.0%	$1.3B+119.1%	$615.5M
Long-Term Debt	$1.4B+8102.3%	$17.5M-24.2%	$23.1M-34.2%	$35.1M-24.2%	$46.3M+19.0%	$38.9M
Total Equity	$7.0B+13.2%	$6.2B+5.2%	$5.9B-11.5%	$6.6B-0.2%	$6.7B+24.9%	$5.3B
Retained Earnings	-$8.2B+8.9%	-$9.0B+2.9%	-$9.3B-8.9%	-$8.5B+0.8%	-$8.6B+12.9%	-$9.8B

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$10.9B+3.1%	$10.5B+1.4%	$10.4B-0.3%	$10.4B-4.6%	$10.9B+20.5%	$9.1B+12.6%	$8.1B-1.1%	$8.2B
Current Assets	$2.1B+18.0%	$1.8B-2.7%	$1.9B-4.9%	$1.9B-20.4%	$2.4B+34.3%	$1.8B+14.2%	$1.6B-30.1%	$2.3B
Cash & Equivalents	$611.5M+73.5%	$352.4M-15.7%	$418.1M-21.3%	$531.5M-56.1%	$1.2B+110.6%	$575.1M+64.8%	$349.0M-66.0%	$1.0B
Inventory	$1.2B+7.8%	$1.2B+7.5%	$1.1B-6.9%	$1.2B+7.3%	$1.1B+1.8%	$1.1B+0.2%	$1.1B-3.9%	$1.1B
Accounts Receivable	$52.6M-10.1%	$58.5M-81.6%	$318.2M+48.3%	$214.5M+85.2%	$115.8M-15.7%	$137.4M+35.5%	$101.4M+11.1%	$91.3M
Goodwill	N/A	N/A	N/A	$158.8M0.0%	$158.8M0.0%	$158.8M-2.4%	$162.7M0.0%	$162.7M
Total Liabilities	$3.9B-11.3%	$4.4B-3.5%	$4.5B+19.5%	$3.8B-11.5%	$4.3B+14.1%	$3.7B+5.9%	$3.5B0.0%	$3.5B
Current Liabilities	$1.1B+54.6%	$685.5M-8.8%	$751.5M+1.4%	$741.4M-45.0%	$1.3B+119.1%	$615.5M+0.5%	$612.4M+4.6%	$585.3M
Long-Term Debt	$1.4B+8102.3%	$17.5M-24.2%	$23.1M-34.2%	$35.1M-24.2%	$46.3M+19.0%	$38.9M+9.3%	$35.6M-97.9%	$1.7B
Total Equity	$7.0B+13.2%	$6.2B+5.2%	$5.9B-11.5%	$6.6B-0.2%	$6.7B+24.9%	$5.3B+17.8%	$4.5B-2.0%	$4.6B
Retained Earnings	-$8.2B+8.9%	-$9.0B+2.9%	-$9.3B-8.9%	-$8.5B+0.8%	-$8.6B+12.9%	-$9.8B+6.8%	-$10.5B+0.3%	-$10.6B

KGCRF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.4B+52.4%	$1.6B	N/A	$1.1B-42.0%	$2.0B+59.8%	$1.2B
Capital Expenditures	$1.1B-2.1%	$1.1B+43.7%	$764.2M-7.0%	$821.7M-10.3%	$916.1M-13.6%	$1.1B
Free Cash Flow	$1.4B+170.4%	$507.0M	N/A	$313.5M-69.9%	$1.0B+532.4%	$164.7M
Investing Cash Flow	N/A	N/A	N/A	-$1.2B+4.5%	-$1.2B-21.7%	-$1.0B
Financing Cash Flow	-$1.0B-83.2%	-$549.0M	N/A	-$623.2M-820.5%	-$67.7M-369.7%	$25.1M
Dividends Paid	$147.5M+0.1%	$147.3M-4.4%	$154.0M+1.9%	$151.1M+100.1%	$75.5M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KGCRF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.3%+9.5pp	9.8%+27.3pp	-17.5%-25.9pp	8.4%-23.8pp	32.3%+11.8pp	20.5%
Return on Equity	14.2%+7.5pp	6.7%+17.0pp	-10.3%-13.6pp	3.3%-17.1pp	20.4%+6.9pp	13.5%
Return on Assets	9.2%+5.2pp	3.9%+9.8pp	-5.8%-7.9pp	2.1%-10.3pp	12.4%+4.5pp	7.9%
Current Ratio	2.01-0.6	2.63+0.2	2.47-0.2	2.63+0.8	1.82-1.1	2.96
Debt-to-Equity	0.20+0.2	0.000.0	0.000.0	0.010.0	0.010.0	0.01
FCF Margin	26.6%+14.7pp	12.0%	N/A	12.1%-12.7pp	24.7%+20.0pp	4.7%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.01-0.6	2.63+0.2	2.47-0.2	2.63+0.8	1.82-1.1	2.96+0.4	2.61-1.3	3.90
Debt-to-Equity	0.20+0.2	0.000.0	0.000.0	0.010.0	0.010.0	0.010.0	0.01-0.4	0.38
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Kinross Gold's annual revenue?

Kinross Gold (KGCRF) reported $5.1B in total revenue for fiscal year 2024. This represents a 21.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kinross Gold's revenue growing?

Kinross Gold (KGCRF) revenue grew by 21.4% year-over-year, from $4.2B to $5.1B in fiscal year 2024.

Is Kinross Gold profitable?

Yes, Kinross Gold (KGCRF) reported a net income of $994.0M in fiscal year 2024, with a net profit margin of 19.3%.

How much debt does Kinross Gold have?

As of fiscal year 2024, Kinross Gold (KGCRF) had $611.5M in cash and equivalents against $1.4B in long-term debt.

What is Kinross Gold's net profit margin?

Kinross Gold (KGCRF) had a net profit margin of 19.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Kinross Gold's return on equity (ROE)?

Kinross Gold (KGCRF) has a return on equity of 14.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Kinross Gold's free cash flow?

Kinross Gold (KGCRF) generated $1.4B in free cash flow during fiscal year 2024. This represents a 170.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Kinross Gold's operating cash flow?

Kinross Gold (KGCRF) generated $2.4B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Kinross Gold's total assets?

Kinross Gold (KGCRF) had $10.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Kinross Gold's capital expenditures?

Kinross Gold (KGCRF) invested $1.1B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Kinross Gold have outstanding?

Kinross Gold (KGCRF) had 1.23B shares outstanding as of fiscal year 2024.

What is Kinross Gold's current ratio?

Kinross Gold (KGCRF) had a current ratio of 2.01 as of fiscal year 2024, which is generally considered healthy.

What is Kinross Gold's debt-to-equity ratio?

Kinross Gold (KGCRF) had a debt-to-equity ratio of 0.20 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kinross Gold's return on assets (ROA)?

Kinross Gold (KGCRF) had a return on assets of 9.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Kinross Gold's Piotroski F-Score?

Kinross Gold (KGCRF) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kinross Gold's earnings high quality?

Kinross Gold (KGCRF) has an earnings quality ratio of 2.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Kinross Gold?

Kinross Gold (KGCRF) scores 81 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.