Newmont Corp Financials

NEM

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Newmont Corp (NEM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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 74/100

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

Growth

100

Newmont Corp's revenue surged 58.2% year-over-year to $18.7B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Newmont Corp carries a low D/E ratio of 0.25, meaning only $0.25 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

Newmont Corp's current ratio of 1.63 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Newmont Corp converts 15.8% of revenue into free cash flow ($3.0B). This strong cash generation earns a score of 79/100.

Returns

Newmont Corp's ROE of 11.2% shows moderate profitability relative to equity, earning a score of 45/100.

Piotroski F-Score Strong

8/9

Newmont Corp passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.90x

For every $1 of reported earnings, Newmont Corp generates $1.90 in operating cash flow ($6.4B OCF vs $3.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$18.7B

YoY+58.2%

5Y CAGR+13.9%

10Y CAGR+10.6%

Newmont Corp generated $18.7B in revenue in fiscal year 2024. This represents an increase of 58.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$3.0B

YoY+2952.6%

5Y CAGR+16.1%

10Y CAGR+22.2%

Newmont Corp generated $3.0B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2952.6% from the prior year.

Net Income

$3.3B

YoY+234.2%

5Y CAGR+3.6%

10Y CAGR+20.8%

Newmont Corp reported $3.3B in net income in fiscal year 2024. This represents an increase of 234.2% from the prior year.

EPS (Diluted)

$2.92

YoY+198.3%

5Y CAGR-5.2%

10Y CAGR+11.1%

Newmont Corp earned $2.92 per diluted share (EPS) in fiscal year 2024. This represents an increase of 198.3% from the prior year.

Cash & Debt

$3.6B

YoY+20.6%

5Y CAGR+10.0%

10Y CAGR+5.0%

Newmont Corp held $3.6B in cash against $7.6B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.00

YoY-37.5%

5Y CAGR+12.3%

10Y CAGR+16.1%

Newmont Corp paid $1.00 per share in dividends in fiscal year 2024. This represents a decrease of 37.5% from the prior year.

Shares Outstanding

1.13B

YoY-2.2%

5Y CAGR+6.9%

10Y CAGR+8.5%

Newmont Corp had 1.13B shares outstanding in fiscal year 2024. This represents a decrease of 2.2% from the prior year.

Gross Margin

52.0%

YoY+8.7pp

5Y CAGR+5.4pp

Newmont Corp's gross margin was 52.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 8.7 percentage points from the prior year.

Operating Margin

N/A

Net Margin

17.9%

YoY+39.0pp

5Y CAGR-10.9pp

10Y CAGR+10.5pp

Newmont Corp's net profit margin was 17.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 39.0 percentage points from the prior year.

Return on Equity

11.2%

5Y CAGR-1.9pp

10Y CAGR+6.3pp

Newmont Corp's ROE was 11.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

$197.0M

YoY-1.5%

5Y CAGR+5.6%

10Y CAGR+2.2%

Newmont Corp invested $197.0M in research and development in fiscal year 2024. This represents a decrease of 1.5% from the prior year.

Share Buybacks

$1.2B

5Y CAGR+21.1%

Newmont Corp spent $1.2B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$3.4B

YoY+27.6%

5Y CAGR+18.4%

10Y CAGR+12.6%

Newmont Corp invested $3.4B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 27.6% from the prior year.

NEM Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$18.7B+58.2%	$11.8B-0.9%	$11.9B-2.5%	$12.2B+6.3%	$11.5B+18.0%	$9.7B
Cost of Revenue	$9.0B+33.8%	$6.7B+3.6%	$6.5B+19.0%	$5.4B+8.4%	$5.0B-3.5%	$5.2B
Gross Profit	$9.7B+90.1%	$5.1B-6.1%	$5.4B-19.7%	$6.8B+4.7%	$6.5B+42.6%	$4.5B
R&D Expenses	$197.0M-1.5%	$200.0M-12.7%	$229.0M+48.7%	$154.0M+26.2%	$122.0M-18.7%	$150.0M
SG&A Expenses	$442.0M+47.8%	$299.0M+8.3%	$276.0M+6.6%	$259.0M-3.7%	$269.0M-14.1%	$313.0M
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	$1.4B+165.6%	$526.0M+15.6%	$455.0M-58.6%	$1.1B+56.0%	$704.0M-15.4%	$832.0M
Net Income	$3.3B+234.2%	-$2.5B-481.4%	-$429.0M-136.8%	$1.2B-58.8%	$2.8B+0.9%	$2.8B
EPS (Diluted)	$2.92+198.3%	$-2.97-450.0%	$-0.54-137.0%	$1.46-58.4%	$3.51-7.9%	$3.81

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$5.5B+3.9%	$5.3B+6.1%	$5.0B-11.4%	$5.7B+28.4%	$4.4B+9.4%	$4.0B+1.7%	$4.0B+58.7%	$2.5B
Cost of Revenue	$2.0B-2.5%	$2.0B-5.0%	$2.1B-11.9%	$2.4B+10.9%	$2.2B+2.4%	$2.1B-8.6%	$2.3B+68.0%	$1.4B
Gross Profit	$3.6B+7.8%	$3.3B+14.2%	$2.9B-10.9%	$3.3B+45.2%	$2.2B+17.2%	$1.9B+15.9%	$1.7B+47.4%	$1.1B
R&D Expenses	$40.0M0.0%	$40.0M-7.0%	$43.0M-10.4%	$48.0M-2.0%	$49.0M-7.5%	$53.0M-22.1%	$68.0M+28.3%	$53.0M
SG&A Expenses	$86.0M-9.5%	$95.0M-13.6%	$110.0M-14.1%	$128.0M+28.0%	$100.0M-1.0%	$101.0M+20.2%	$84.0M+20.0%	$70.0M
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	$787.0M-27.9%	$1.1B+68.8%	$647.0M-7.8%	$702.0M+267.5%	$191.0M-26.5%	$260.0M+237.7%	$77.0M+5.5%	$73.0M
Net Income	$1.8B-11.1%	$2.1B+9.0%	$1.9B+34.8%	$1.4B+64.5%	$853.0M+401.8%	$170.0M+105.4%	-$3.2B-2098.7%	$158.0M
EPS (Diluted)	$1.67-9.7%	$1.85+10.1%	$1.68+36.6%	$1.23+66.2%	$0.74+393.3%	$0.15+103.9%	$-3.80-2000.0%	$0.20

NEM Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$56.3B+1.5%	$55.5B+44.2%	$38.5B-5.1%	$40.6B-1.9%	$41.4B+3.5%	$40.0B
Current Assets	$12.3B+63.4%	$7.5B+15.3%	$6.5B-15.3%	$7.7B-9.5%	$8.5B+35.6%	$6.3B
Cash & Equivalents	$3.6B+20.6%	$3.0B+4.3%	$2.9B-42.4%	$5.0B-9.9%	$5.5B+147.0%	$2.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1B+43.9%	$734.0M+100.5%	$366.0M+8.6%	$337.0M-24.9%	$449.0M+20.4%	$373.0M
Goodwill	$2.7B-11.4%	$3.0B+52.3%	$2.0B-28.9%	$2.8B0.0%	$2.8B+3.6%	$2.7B
Total Liabilities	$26.2B-0.2%	$26.3B+38.8%	$18.9B+1.3%	$18.7B+6.9%	$17.5B-0.4%	$17.6B
Current Liabilities	$7.5B+25.8%	$6.0B+105.0%	$2.9B+10.2%	$2.7B-21.2%	$3.4B+41.3%	$2.4B
Long-Term Debt	$7.6B+8.6%	$7.0B+24.8%	$5.6B+0.1%	$5.6B+1.6%	$5.5B-10.7%	$6.1B
Total Equity	$29.9B+3.1%	$29.0B+50.0%	$19.4B-12.1%	$22.0B-4.3%	$23.0B+7.4%	$21.4B
Retained Earnings	-$1.3B+55.9%	-$3.0B-427.1%	$916.0M-70.4%	$3.1B-22.6%	$4.0B+74.7%	$2.3B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$54.7B-0.9%	$55.2B-0.6%	$55.5B-1.5%	$56.3B+1.2%	$55.7B+0.6%	$55.3B-0.3%	$55.5B+45.7%	$38.1B
Current Assets	$10.4B-0.3%	$10.4B-3.2%	$10.7B-12.5%	$12.3B+1.7%	$12.1B+2.2%	$11.8B+57.2%	$7.5B+26.1%	$6.0B
Cash & Equivalents	$5.6B-8.8%	$6.2B+31.7%	$4.7B+29.8%	$3.6B+39.1%	$2.6B+11.4%	$2.3B-22.2%	$3.0B-5.9%	$3.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.0B+64.4%	$637.0M-28.2%	$887.0M-16.0%	$1.1B+10.6%	$955.0M+22.1%	$782.0M+6.5%	$734.0M+841.0%	$78.0M
Goodwill	$2.7B0.0%	$2.7B0.0%	$2.7B0.0%	$2.7B-4.8%	$2.8B0.0%	$2.8B-7.0%	$3.0B+52.3%	$2.0B
Total Liabilities	$21.3B-7.0%	$22.9B-5.0%	$24.1B-8.2%	$26.2B+0.5%	$26.1B-0.6%	$26.3B-0.2%	$26.3B+39.7%	$18.8B
Current Liabilities	$5.1B+8.9%	$4.7B-13.9%	$5.4B-28.1%	$7.5B+31.6%	$5.7B+4.6%	$5.5B-8.6%	$6.0B+113.6%	$2.8B
Long-Term Debt	$5.2B-27.4%	$7.1B-5.0%	$7.5B-0.6%	$7.6B-13.1%	$8.7B-2.7%	$8.9B+28.5%	$7.0B+24.7%	$5.6B
Total Equity	$33.2B+3.5%	$32.1B+2.8%	$31.2B+4.4%	$29.9B+1.9%	$29.4B+1.7%	$28.9B-0.5%	$29.0B+52.2%	$19.1B
Retained Earnings	$2.7B+86.3%	$1.4B+847.1%	$153.0M+111.6%	-$1.3B+48.9%	-$2.6B+16.9%	-$3.1B-3.8%	-$3.0B-580.9%	$623.0M

NEM Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$6.4B+130.3%	$2.8B-14.2%	$3.2B-24.7%	$4.3B-12.4%	$4.9B+70.3%	$2.9B
Capital Expenditures	$3.4B+27.6%	$2.7B+25.1%	$2.1B+28.9%	$1.7B+27.0%	$1.3B-11.0%	$1.5B
Free Cash Flow	$3.0B+2952.6%	$97.0M-91.1%	$1.1B-58.5%	$2.6B-26.6%	$3.6B+155.2%	$1.4B
Investing Cash Flow	-$2.7B-169.7%	-$1.0B+66.4%	-$3.0B-59.7%	-$1.9B-2152.7%	$91.0M+107.4%	-$1.2B
Financing Cash Flow	-$3.0B-84.2%	-$1.6B+32.0%	-$2.4B+20.4%	-$3.0B-76.1%	-$1.7B+39.5%	-$2.8B
Dividends Paid	$1.1B-19.1%	$1.4B-19.0%	$1.7B-0.6%	$1.8B+110.7%	$834.0M-6.2%	$889.0M
Share Buybacks	$1.2B	$0	$0-100.0%	$525.0M+0.8%	$521.0M+8.8%	$479.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$2.3B-3.6%	$2.4B+17.4%	$2.0B-19.1%	$2.5B+75.8%	$1.4B+84.0%	$776.0M+26.0%	$616.0M-38.6%	$1.0B
Capital Expenditures	$727.0M+7.9%	$674.0M-18.4%	$826.0M-5.6%	$875.0M+9.4%	$800.0M-5.9%	$850.0M-7.6%	$920.0M+52.3%	$604.0M
Free Cash Flow	$1.6B-8.1%	$1.7B+41.9%	$1.2B-26.3%	$1.6B+160.5%	$628.0M+948.6%	-$74.0M+75.7%	-$304.0M-176.2%	$399.0M
Investing Cash Flow	-$31.0M-104.6%	$679.0M-8.0%	$738.0M+205.3%	-$701.0M-9.4%	-$641.0M+19.7%	-$798.0M-220.5%	-$249.0M+1.6%	-$253.0M
Financing Cash Flow	-$2.8B-60.5%	-$1.7B-5.0%	-$1.7B-37.7%	-$1.2B-83.4%	-$658.0M-120.1%	-$299.0M+44.4%	-$538.0M-41.2%	-$381.0M
Dividends Paid	$273.0M-2.2%	$279.0M-1.1%	$282.0M0.0%	$282.0M-2.4%	$289.0M+0.3%	$288.0M-37.5%	$461.0M+45.0%	$318.0M
Share Buybacks	$516.0M-49.0%	$1.0B+190.5%	$348.0M-56.4%	$798.0M+667.3%	$104.0M	$0	$0	$0

NEM Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	52.0%+8.7pp	43.3%-2.4pp	45.7%-9.8pp	55.5%-0.9pp	56.4%+9.7pp	46.7%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.9%+39.0pp	-21.1%-17.5pp	-3.6%-13.1pp	9.5%-15.1pp	24.6%-4.2pp	28.8%
Return on Equity	11.2%	N/A	N/A	5.3%-7.0pp	12.3%-0.8pp	13.1%
Return on Assets	5.9%+10.4pp	-4.5%-3.4pp	-1.1%-4.0pp	2.9%-4.0pp	6.8%-0.2pp	7.0%
Current Ratio	1.63+0.4	1.25-1.0	2.23-0.7	2.90+0.4	2.52-0.1	2.63
Debt-to-Equity	0.25+0.0	0.24-0.0	0.29+0.0	0.25+0.0	0.24-0.0	0.29
FCF Margin	15.8%+15.0pp	0.8%-8.3pp	9.1%-12.4pp	21.5%-9.7pp	31.1%+16.7pp	14.4%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	64.7%+2.3pp	62.4%+4.4pp	58.0%+0.3pp	57.7%+6.7pp	51.0%+3.4pp	47.6%+5.8pp	41.8%-3.2pp	45.0%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	33.2%-5.6pp	38.8%+1.0pp	37.7%+12.9pp	24.8%+5.4pp	19.4%+15.2pp	4.2%+84.0pp	-79.8%-86.2pp	6.3%
Return on Equity	5.5%-0.9pp	6.4%+0.4pp	6.0%+1.4pp	4.7%+1.8pp	2.9%+2.3pp	0.6%	N/A	0.8%
Return on Assets	3.4%-0.4pp	3.7%+0.3pp	3.4%+0.9pp	2.5%+1.0pp	1.5%+1.2pp	0.3%+6.0pp	-5.7%-6.1pp	0.4%
Current Ratio	2.04-0.2	2.23+0.2	1.98+0.4	1.63-0.5	2.11-0.0	2.15+0.9	1.25-0.9	2.12
Debt-to-Equity	0.16-0.1	0.22-0.0	0.24-0.0	0.25-0.0	0.30-0.0	0.31+0.1	0.24-0.1	0.29
FCF Margin	28.4%-3.7pp	32.2%+8.1pp	24.1%-4.9pp	28.9%+14.7pp	14.3%+16.1pp	-1.8%+5.8pp	-7.7%-23.7pp	16.0%

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Frequently Asked Questions

What is Newmont Corp's annual revenue?

Newmont Corp (NEM) reported $18.7B in total revenue for fiscal year 2024. This represents a 58.2% 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 Newmont Corp's revenue growing?

Newmont Corp (NEM) revenue grew by 58.2% year-over-year, from $11.8B to $18.7B in fiscal year 2024.

Is Newmont Corp profitable?

Yes, Newmont Corp (NEM) reported a net income of $3.3B in fiscal year 2024, with a net profit margin of 17.9%.

What is Newmont Corp's earnings per share (EPS)?

Newmont Corp (NEM) reported diluted earnings per share of $2.92 for fiscal year 2024. This represents a 198.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Newmont Corp have?

As of fiscal year 2024, Newmont Corp (NEM) had $3.6B in cash and equivalents against $7.6B in long-term debt.

What is Newmont Corp's gross margin?

Newmont Corp (NEM) had a gross margin of 52.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Newmont Corp's net profit margin?

Newmont Corp (NEM) had a net profit margin of 17.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Newmont Corp pay dividends?

Yes, Newmont Corp (NEM) paid $1.00 per share in dividends during fiscal year 2024.

What is Newmont Corp's return on equity (ROE)?

Newmont Corp (NEM) has a return on equity of 11.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Newmont Corp's free cash flow?

Newmont Corp (NEM) generated $3.0B in free cash flow during fiscal year 2024. This represents a 2952.6% 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 Newmont Corp's operating cash flow?

Newmont Corp (NEM) generated $6.4B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Newmont Corp's total assets?

Newmont Corp (NEM) had $56.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Newmont Corp's capital expenditures?

Newmont Corp (NEM) invested $3.4B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Newmont Corp spend on research and development?

Newmont Corp (NEM) invested $197.0M in research and development during fiscal year 2024.

Does Newmont Corp buy back shares?

Yes, Newmont Corp (NEM) spent $1.2B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Newmont Corp have outstanding?

Newmont Corp (NEM) had 1.13B shares outstanding as of fiscal year 2024.

What is Newmont Corp's current ratio?

Newmont Corp (NEM) had a current ratio of 1.63 as of fiscal year 2024, which is generally considered healthy.

What is Newmont Corp's debt-to-equity ratio?

Newmont Corp (NEM) had a debt-to-equity ratio of 0.25 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Newmont Corp's return on assets (ROA)?

Newmont Corp (NEM) had a return on assets of 5.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Newmont Corp's Piotroski F-Score?

Newmont Corp (NEM) has a Piotroski F-Score of 8 out of 9, indicating strong 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 Newmont Corp's earnings high quality?

Newmont Corp (NEM) has an earnings quality ratio of 1.90x, 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 Newmont Corp?

Newmont Corp (NEM) scores 74 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.