Newmont Corporation (NEM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NEM SEC filings page.
Newmont Corporation (NEM) reported $26.6B in revenue over the twelve months to Sep 30, 2026, up 23.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
2025 results show a mining business converting stronger margins into cash while reducing leverage and reinvestment intensity.
Revenue grew21.3% while cost of revenue fell9.8% . That cost-volume combination widened gross margin by12.3 percentage points to64.3% , indicating improved unit economics or a more profitable revenue mix rather than simple volume growth.
Operating cash flow reached
Long-term debt fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Newmont Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Newmont Corporation's revenue surged 21.3% year-over-year to $22.7B, reflecting rapid business expansion. This strong growth earns a score of 92/100.
Newmont Corporation carries a low D/E ratio of 0.15, meaning only $0.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.29, Newmont Corporation holds $2.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.
Newmont Corporation converts 32.2% of revenue into free cash flow ($7.3B). This strong cash generation earns a score of 87/100.
Newmont Corporation's ROE of 20.9% shows moderate profitability relative to equity, earning a score of 63/100. This is up from 11.2% the prior year.
Newmont Corporation passes 9 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Newmont Corporation generates $1.46 in operating cash flow ($10.3B OCF vs $7.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Newmont Corporation generated $6.4B in revenue in Q3 2026. This represents an increase of 15.2% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.
Newmont Corporation reported $2.5B in net income in Q3 2026. This represents an increase of 35.1% from the same quarter a year earlier. Against the prior quarter it is up 12.4%.
Newmont Corporation earned $2.35 per diluted share (EPS) in Q3 2026. This represents an increase of 40.7% from the same quarter a year earlier. Against the prior quarter it is up 14.1%.
Not reported for Q3 2026.
Cash & Balance Sheet
Newmont Corporation generated $1.9B in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 21.7% from the same quarter a year earlier. Against the prior quarter it is down 13.3%.
Newmont Corporation held $8.8B in cash against $5.1B in long-term debt as of Q3 2026.
Newmont Corporation paid $0.26 per share in dividends in Q3 2026. This represents an increase of 4.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Newmont Corporation's gross margin was 66.3% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.
Newmont Corporation's net profit margin was 38.9% in Q3 2026, showing the share of revenue converted to profit. This is up 5.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.
Newmont Corporation's quarterly ROE was 6.9% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Not reported for Q3 2026.
Capital Allocation
Newmont Corporation invested $58.0M in research and development in Q3 2026. This represents an increase of 45.0% from the same quarter a year earlier. Against the prior quarter it is up 23.4%.
Newmont Corporation spent $1.8B on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 244.8% from the same quarter a year earlier. Against the prior quarter it is up 13.5%.
Newmont Corporation invested $856.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 17.7% from the same quarter a year earlier. Against the prior quarter it is up 19.1%.
NEM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4B+15.2% | $6.1B+15.1% | $7.3B+45.8% | $6.8B+20.6% | $5.5B+20.0% | $5.3B+20.8% | $5.0B+24.5% | $5.7B+42.8% |
| Cost of Revenue | $2.1B+9.8% | $2.1B+4.3% | $1.9B-8.0% | $2.0B-15.2% | $2.0B-15.5% | $2.0B-7.2% | $2.1B0.0% | $2.4B+3.8% |
| Gross Profit | $4.2B+18.1% | $4.0B+21.5% | $5.4B+84.9% | $4.8B+46.9% | $3.6B+55.7% | $3.3B+47.6% | $2.9B+51.5% | $3.3B+97.2% |
| R&D Expenses | $58.0M+45.0% | $47.0M+17.5% | $45.0M+4.7% | $43.0M-10.4% | $40.0M-14.9% | $40.0M-18.4% | $43.0M-18.9% | $48.0M-29.4% |
| SG&A Expenses | $82.0M-4.7% | $74.0M-22.1% | $79.0M-28.2% | $91.0M-28.9% | $86.0M-23.9% | $95.0M-5.0% | $110.0M+8.9% | $128.0M+52.4% |
| Interest Expense | $31.0M-40.4% | $35.0M-46.2% | $39.0M-50.6% | $33.0M-64.5% | $52.0M-39.5% | $65.0M-36.9% | $79.0M-15.1% | $93.0M+14.8% |
| Income Tax | $839.0M+6.6% | $952.0M-12.8% | $1.4B+117.0% | $2.1B+194.9% | $787.0M+222.5% | $1.1B+471.7% | $647.0M+148.8% | $702.0M+811.7% |
| Net Income | $2.5B+35.1% | $2.2B+6.8% | $3.3B+72.5% | $1.3B-7.3% | $1.8B+98.7% | $2.1B+141.6% | $1.9B+1012.4% | $1.4Bn/m |
| EPS (Basic) | $2.36+41.3% | $2.07+11.3% | $3.01+79.2% | $1.20-2.4% | $1.67+108.7% | $1.86+151.4% | $1.68+1020.0% | $1.23n/m |
| EPS (Diluted) | $2.35+40.7% | $2.06+11.4% | $3.00+78.6% | $1.19-3.3% | $1.67+108.7% | $1.85+150.0% | $1.68+1020.0% | $1.23n/m |
| Diluted Shares (Avg) | 1.05B-4.5% | 1.07B-4.0% | 1.09B-3.5% | N/A | 1.10B-4.3% | 1.11B-3.7% | 1.13B-2.3% | N/A |
Not reported in any period shown, so not listed: Operating Income, EBITDA.
NEM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $58.2B+6.4% | $57.6B+4.5% | $57.7B+3.9% | $57.1B+1.4% | $54.7B-2.6% | $55.2B-0.9% | $55.5B+0.3% | $56.3B+1.5% |
| Current Assets | $13.6B+30.8% | $13.3B+28.0% | $13.5B+25.8% | $13.1B+6.4% | $10.4B-17.5% | $10.4B-13.8% | $10.7B-9.0% | $12.3B+63.4% |
| Cash & Equivalents | $8.8B+56.5% | $9.0B+45.7% | $8.8B+86.8% | $7.6B+111.3% | $5.6B+87.0% | $6.2B+137.7% | $4.7B+101.1% | $3.6B+20.6% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $4.0M-77.8% | $594.0M+2728.6% | $328.0M+662.8% | $468.0M+836.0% | $18.0M-21.7% | $21.0M-8.7% |
| Accounts Receivable | $952.0M-9.1% | $686.0M+7.7% | $1.1B+28.2% | $1.1B+1.0% | $1.0B+7.5% | $637.0M-33.3% | $887.0M+13.4% | $1.1B+43.9% |
| Long-Term Investments | $4.1B-0.9% | $4.1B-7.5% | $4.2B-13.8% | $4.2B-6.4% | $4.1B-1.1% | $4.5B+7.6% | $4.9B+17.4% | $4.5B+7.9% |
| Goodwill | $2.7B0.0% | $2.7B0.0% | $2.7B0.0% | $2.7B0.0% | $2.7B-2.3% | $2.7B-4.8% | $2.7B-4.8% | $2.7B-11.4% |
| Total Liabilities | $22.3B+5.0% | $22.2B-2.8% | $22.6B-6.3% | $23.1B-12.0% | $21.3B-19.0% | $22.9B-12.4% | $24.1B-8.3% | $26.2B-0.2% |
| Current Liabilities | $5.5B+8.9% | $5.2B+11.9% | $5.5B+1.9% | $5.7B-24.3% | $5.1B-20.6% | $4.7B-18.5% | $5.4B-1.0% | $7.5B+25.8% |
| Non-Current Liabilities | $16.8B+3.7% | $17.0B-6.6% | $17.0B-8.7% | $17.4B-7.1% | $16.2B-18.5% | $18.2B-10.7% | $18.7B-10.2% | $18.7B-7.9% |
| Long-Term Debt | $5.1B-1.8% | $5.1B-28.7% | $5.1B-32.3% | $5.1B-32.3% | $5.2B-39.4% | $7.1B-17.9% | $7.5B-16.0% | $7.6B+8.6% |
| Total Equity | $35.7B+7.4% | $35.2B+9.8% | $34.9B+11.8% | $33.9B+13.2% | $33.2B+11.8% | $32.1B+9.3% | $31.2B+8.2% | $29.9B+3.1% |
| Retained Earnings | $6.6B+143.6% | $5.7B+294.5% | $5.0B+3149.7% | $3.4Bn/m | $2.7Bn/m | $1.4Bn/m | $153.0Mn/m | -$1.3Bn/m |
Not reported in any period shown, so not listed: Inventory.
NEM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.8B+20.5% | $2.9B+22.7% | $3.8B+86.4% | $3.6B+44.2% | $2.3B+39.4% | $2.4B+66.9% | $2.0B+161.7% | $2.5B+307.6% |
| Depreciation & Amortization | $632.0M-1.7% | $604.0M-2.6% | $632.0M+6.6% | $665.0M-3.5% | $643.0M+1.9% | $620.0M+3.0% | $593.0M-9.3% | $689.0M+1.2% |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | N/A | $21.0M0.0% | N/A |
| Capital Expenditures | $856.0M+17.7% | $719.0M+6.7% | $641.0M-22.4% | $808.0M-7.7% | $727.0M-17.1% | $674.0M-15.8% | $826.0M-2.8% | $875.0M-4.9% |
| Free Cash Flow | $1.9B+21.7% | $2.2B+28.9% | $3.1B+160.9% | $2.8B+71.9% | $1.6B+103.8% | $1.7B+172.3% | $1.2Bn/m | $1.6Bn/m |
| Investing Cash Flow | -$817.0Mn/m | -$731.0M-207.7% | -$302.0M-140.9% | -$780.0Mn/m | -$31.0Mn/m | $679.0Mn/m | $738.0Mn/m | -$701.0Mn/m |
| Financing Cash Flow | -$2.1Bn/m | -$1.9Bn/m | -$2.4Bn/m | -$833.0Mn/m | -$2.8Bn/m | -$1.7Bn/m | -$1.7Bn/m | -$1.2Bn/m |
| Dividends Paid | $272.0M-0.4% | $277.0M-0.7% | $282.0M0.0% | $272.0M-3.5% | $273.0M-4.5% | $279.0M-3.5% | $282.0M-2.1% | $282.0M-38.8% |
| Share Buybacks | $1.8B+244.8% | $1.6B+55.0% | $1.9B+444.5% | $428.0M-46.4% | $516.0M+50.0% | $1.0B+872.1% | $348.0Mn/m | $798.0Mn/m |
NEM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.3%+1.6pp | 65.9%+3.5pp | 73.5%+15.5pp | 70.3%+12.6pp | 64.7%+14.8pp | 62.4%+11.4pp | 58.0%+10.3pp | 57.7%+15.9pp |
| Net Margin | 38.9%+5.7pp | 36.0%-2.8pp | 44.6%+6.9pp | 19.1%-5.7pp | 33.2%+13.1pp | 38.8%+19.4pp | 37.7%+33.5pp | 24.8%+104.6pp |
| Return on Equity | 6.9%+1.4pp | 6.3%-0.2pp | 9.3%+3.3pp | 3.8%-0.9pp | 5.5%+2.4pp | 6.4%+3.5pp | 6.0%+5.5pp | 4.7%+15.6pp |
| Return on Assets | 4.3%+0.9pp | 3.8%+0.1pp | 5.7%+2.3pp | 2.3%-0.2pp | 3.4%+1.7pp | 3.7%+2.2pp | 3.4%+3.1pp | 2.5%+8.2pp |
| Current Ratio | 2.45+0.4x | 2.55+0.3x | 2.44+0.5x | 2.29+0.7x | 2.04+0.1x | 2.23+0.1x | 1.98-0.2x | 1.63+0.4x |
| Debt-to-Equity | 0.140.0x | 0.14-0.1x | 0.15-0.1x | 0.15-0.1x | 0.16-0.1x | 0.22-0.1x | 0.24-0.1x | 0.250.0x |
| Liabilities-to-Equity | 0.630.0x | 0.63-0.1x | 0.65-0.1x | 0.68-0.2x | 0.64-0.2x | 0.71-0.2x | 0.77-0.1x | 0.880.0x |
| Asset Turnover | 0.110.0x | 0.110.0x | 0.130.0x | 0.120.0x | 0.100.0x | 0.100.0x | 0.090.0x | 0.100.0x |
| FCF Margin | 30.0%+1.6pp | 36.0%+3.9pp | 43.0%+19.0pp | 41.3%+12.3pp | 28.4%+11.7pp | 32.2%+17.9pp | 24.1%+25.9pp | 28.9%+36.6pp |
Not reported in any period shown, so not listed: Operating Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Newmont Corporation NEM | FY2025 | $22.7B | $7.1B | 31.3% | $113.1B | 77/100 |
| Agnico Eagle Mines Ltd. AEM | FY2025 | $11.9B | $4.5B | 37.5% | $88.1B | 83/100 |
| Wheaton Precious Metals Corp. WPM | FY2025 | $2.3B | $1.5B | 63.6% | $54.9B | 88/100 |
| Barrick Mining Corporation B | FY2025 | $17.0B | $5.0B | 29.4% | $62.8B | 78/100 |
| Franco-Nevada Corporation FNV | FY2025 | $1.8B | $1.1B | 61.0% | $44.1B | 83/100 |
| AngloGold Ashanti plc AU | FY2025 | $9.9B | $3.2B | 32.1% | $42.3B | 80/100 |
Where Newmont Corporation Ranks
Frequently Asked Questions
What is Newmont Corporation's annual revenue?
Newmont Corporation (NEM) reported $22.7B in total revenue for fiscal year 2025. This represents a 21.3% 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 Corporation's revenue growing?
Newmont Corporation (NEM) revenue grew by 21.3% year-over-year, from $18.7B to $22.7B in fiscal year 2025.
Is Newmont Corporation profitable?
Yes, Newmont Corporation (NEM) reported a net income of $9.2B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $7.1B, with a net profit margin of 31.3%.
How much debt does Newmont Corporation have?
As of fiscal year 2025, Newmont Corporation (NEM) had $7.6B in cash and equivalents against $5.1B in long-term debt.
What is Newmont Corporation's gross margin?
Newmont Corporation (NEM) had a gross margin of 64.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Newmont Corporation's net profit margin?
Newmont Corporation (NEM) had a net profit margin of 31.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Newmont Corporation pay dividends?
Yes, Newmont Corporation (NEM) paid $1.00 per share in dividends during fiscal year 2025.
What is Newmont Corporation's return on equity (ROE)?
Newmont Corporation (NEM) has a return on equity of 20.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Newmont Corporation's free cash flow?
Newmont Corporation (NEM) generated $7.3B in free cash flow during fiscal year 2025. This represents a 146.5% 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 Corporation's operating cash flow?
Newmont Corporation (NEM) generated $10.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Newmont Corporation's total assets?
Newmont Corporation (NEM) had $57.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Newmont Corporation's capital expenditures?
Newmont Corporation (NEM) invested $3.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Newmont Corporation spend on research and development?
Newmont Corporation (NEM) invested $166.0M in research and development during fiscal year 2025.
What is Newmont Corporation's current ratio?
Newmont Corporation (NEM) had a current ratio of 2.29 as of fiscal year 2025, which is generally considered healthy.
What is Newmont Corporation's debt-to-equity ratio?
Newmont Corporation (NEM) had a debt-to-equity ratio of 0.15 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Newmont Corporation's liabilities-to-equity ratio?
Newmont Corporation (NEM) had a liabilities-to-equity ratio of 0.68 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Newmont Corporation's return on assets (ROA)?
Newmont Corporation (NEM) had a return on assets of 12.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Newmont Corporation's P/E ratio?
Newmont Corporation (NEM) trades at 12.2x earnings, its market capitalization divided by $9.2B net income, trailing 12 months to September 30, 2026. The market capitalization is $113.1B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Newmont Corporation's price-to-sales ratio?
Newmont Corporation (NEM) trades at 4.3x sales, its market capitalization divided by $26.6B revenue, trailing 12 months to September 30, 2026. The market capitalization is $113.1B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Newmont Corporation's Piotroski F-Score?
Newmont Corporation (NEM) has a Piotroski F-Score of 9 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Newmont Corporation's earnings high quality?
Newmont Corporation (NEM) has an earnings quality ratio of 1.46x, 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 Newmont Corporation?
Newmont Corporation (NEM) scores 77 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.