Stocks NEM Financial statements
Financial statementsNEWMONT Corp /DE/ financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NEWMONT Corp /DE/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,711 | 7,379 | 7,253 | 9,740 | 11,497 | 12,222 | 11,915 | 11,812 | 18,682 | 22,669 |
| Cost of revenue | 4,093 | 5,195 | 5,014 | 5,435 | 6,468 | 6,699 | 8,963 | 8,085 | ||
| Gross profit | 3,160 | 4,545 | 6,483 | 6,787 | 5,447 | 5,113 | 9,719 | 14,584 | ||
| Research and development | 134 | 143 | 153 | 150 | 122 | 154 | 229 | 200 | 197 | 166 |
| General and administrative | 233 | 237 | 244 | 313 | 269 | 259 | 276 | 299 | 442 | 382 |
| Interest income | 11 | 28 | 56 | 57 | 24 | 18 | 78 | 148 | 152 | 214 |
| Other non-operating income | -204 | -187 | -52 | 2,416 | 337 | -149 | -254 | -331 | 50 | 381 |
| Pre-tax income | -220 | 1,072 | 738 | 3,693 | 3,143 | 1,108 | -51 | -2,031 | 4,577 | 11,342 |
| Income tax | 579 | 1,127 | 386 | 832 | 704 | 1,098 | 455 | 526 | 1,397 | 4,596 |
| Income from continuing operations | -226 | -76 | 280 | 2,877 | 2,666 | 1,109 | -459 | -2,521 | 3,280 | 7,085 |
| Net income to minority interests | -314 | 5 | 39 | 79 | -38 | -933 | 60 | 27 | 33 | 82 |
| Net income | -629 | -114 | 341 | 2,805 | 2,829 | 1,166 | -429 | -2,494 | 3,348 | 7,085 |
| EPS, basic | -1.19 | -0.21 | 0.64 | 3.82 | 3.52 | 1.46 | -0.54 | -2.97 | 2.92 | 6.41 |
| EPS, diluted | -1.18 | -0.21 | 0.64 | 3.81 | 3.51 | 1.46 | -0.54 | -2.97 | 2.92 | 6.39 |
| Shares, basic (weighted) | 530 | 533 | 533 | 735 | 804 | 799 | 794 | 841 | 1,146 | 1,106 |
| Shares, diluted (weighted) | 532 | 535 | 535 | 737 | 806 | 801 | 795 | 841 | 1,148 | 1,108 |
| Dividend per share | 0.13 | 0.25 | 0.56 | 0.56 | 1.04 | 2.20 | 2.20 | 1.60 | 1.00 | 1.00 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 2,756 | 3,259 | 3,397 | 2,243 | 5,540 | 4,992 | 2,877 | 3,002 | 3,619 | 7,647 |
| Short-term investments | 56 | 62 | 48 | 237 | 290 | 82 | 880 | 23 | 21 | 594 |
| Receivables | 160 | 124 | 254 | 373 | 449 | 337 | 366 | 734 | 1,056 | 1,067 |
| Other current assets | 142 | 153 | 251 | 570 | 436 | 498 | 303 | 913 | 290 | 391 |
| Total current assets | 4,677 | 5,066 | 5,277 | 6,272 | 8,505 | 7,696 | 6,515 | 7,512 | 12,275 | 13,066 |
| Property, plant and equipment | 12,485 | 12,338 | 12,258 | 25,276 | 24,281 | 24,124 | 24,073 | 37,563 | 33,547 | 33,310 |
| Goodwill | 58 | 2,674 | 2,771 | 2,771 | 1,971 | 3,001 | 2,658 | 2,658 | ||
| Intangible assets | 97 | |||||||||
| Long-term investments | 207 | 280 | 271 | 3,199 | 3,197 | 3,243 | 3,278 | 4,143 | 4,471 | 4,186 |
| Other non-current assets | 467 | 565 | 584 | 520 | 573 | 686 | 560 | 640 | 1,008 | 1,446 |
| Total assets | 21,071 | 20,646 | 20,715 | 39,974 | 41,369 | 40,564 | 38,482 | 55,506 | 56,349 | 57,121 |
| Accounts payable | 320 | 375 | 303 | 539 | 493 | 518 | 633 | 960 | 843 | 816 |
| Accrued liabilities | 304 | 309 | 305 | 361 | 380 | 386 | 399 | 551 | 630 | 898 |
| Short-term debt | 566 | 4 | 626 | 0 | 551 | 87 | 0 | 1,923 | 924 | 0 |
| Total current liabilities | 1,750 | 1,398 | 1,787 | 2,385 | 3,369 | 2,654 | 2,926 | 5,998 | 7,543 | 5,712 |
| Long-term debt | 4,049 | 4,040 | 3,418 | 6,138 | 5,480 | 5,565 | 5,571 | 6,951 | 7,552 | 5,115 |
| Lease liabilities | 47 | 91 | ||||||||
| Other non-current liabilities | 326 | 342 | 314 | 1,061 | 699 | 608 | 430 | 316 | 288 | 322 |
| Total liabilities | 9,157 | 9,127 | 9,203 | 17,557 | 17,490 | 18,703 | 18,949 | 26,301 | 26,240 | 23,079 |
| Total debt | 4,615 | 4,044 | 4,044 | 6,166 | 6,080 | 5,711 | 5,571 | 8,874 | 8,476 | 5,115 |
| Paid-in capital | 9,490 | 9,592 | 9,618 | 18,216 | 18,103 | 17,981 | 17,369 | 30,419 | 29,808 | 28,847 |
| Retained earnings | 716 | 410 | 383 | 2,291 | 4,002 | 3,098 | 916 | -2,996 | -1,320 | 3,431 |
| Treasury stock | -30 | -70 | -120 | -168 | -200 | -239 | -264 | -278 | -301 | |
| Other comprehensive income | -334 | -292 | -284 | -265 | -216 | -133 | 29 | 14 | -95 | 137 |
| Shareholders' equity | 10,721 | 10,535 | 10,502 | 21,420 | 23,008 | 22,022 | 19,354 | 29,027 | 29,928 | 33,867 |
| Minority interests | 1,153 | 984 | 963 | 950 | 837 | -209 | 179 | 178 | 181 | 175 |
| Total equity | 11,785 | 11,519 | 11,465 | 22,370 | 23,845 | 21,813 | 19,533 | 29,205 | 30,109 | 34,042 |
| Total liabilities and equity | 21,031 | 20,646 | 20,715 | 39,974 | 41,369 | 40,564 | 38,482 | 55,506 | 56,349 | 57,121 |
| Shares outstanding | 533 | 533 | 808 | 800 | 792 | 793 | 1,152 | 1,127 | 1,089 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -943 | -109 | 380 | 2,884 | 2,791 | 233 | -369 | -2,467 | 3,381 | 7,167 |
| Depreciation and amortization | 1,213 | 1,261 | 1,215 | 1,960 | 2,300 | 2,323 | 2,185 | 2,108 | 2,576 | 2,521 |
| Stock-based compensation | 70 | 70 | 76 | 121 | 84 | 72 | 76 | 80 | 89 | 99 |
| Deferred income tax | 450 | 797 | 150 | 334 | -222 | -109 | -278 | -104 | 80 | 1,391 |
| Change in receivables | -99 | 35 | -109 | -193 | 29 | 142 | 5 | -240 | -441 | -93 |
| Change in inventory | -329 | -204 | -250 | -132 | -139 | -136 | -161 | -187 | -534 | -454 |
| Change in payables | 26 | 49 | -73 | 144 | -50 | -11 | 102 | -42 | -2 | -19 |
| Cash from operations | 2,786 | 2,124 | 1,827 | 2,866 | 4,882 | 4,279 | 3,220 | 2,763 | 6,363 | 10,334 |
| Capital expenditures | -1,133 | -866 | -1,032 | -1,463 | -1,302 | -1,653 | -2,131 | -2,666 | -3,402 | -3,035 |
| Acquisitions | -6 | -15 | -140 | 127 | 0 | -328 | -15 | 668 | 0 | 0 |
| Purchases of investments | -15 | -130 | -39 | -112 | -37 | -59 | -940 | -551 | -66 | -14 |
| Sales and maturities of investments | 195 | 35 | 18 | 67 | 307 | 194 | 171 | 234 | 21 | 986 |
| Cash from investing | -74 | -946 | -1,177 | -1,226 | 91 | -1,868 | -2,983 | -1,002 | -2,702 | 606 |
| Debt issued | 0 | 690 | 985 | 992 | 0 | 0 | 3,476 | 0 | ||
| Debt repaid | -1,307 | -379 | 0 | -1,876 | -1,160 | -1,382 | -89 | 0 | -3,860 | -3,430 |
| Stock issued | 0 | 0 | 51 | |||||||
| Share buybacks | -98 | -479 | -521 | -525 | 0 | 0 | -1,246 | -2,303 | ||
| Dividends paid | -67 | -134 | -301 | -889 | -834 | -1,757 | -1,746 | -1,415 | -1,145 | -1,106 |
| Cash from financing | -1,817 | -668 | -455 | -2,777 | -1,680 | -2,958 | -2,356 | -1,603 | -2,953 | -7,040 |
| Exchange rate effect | 1 | |||||||||
| Net change in cash | 897 | 516 | 191 | -1,140 | 3,299 | -555 | -2,149 | 156 | 550 | 4,034 |
| Free cash flow | 1,653 | 1,258 | 795 | 1,403 | 3,580 | 2,626 | 1,089 | 97 | 2,961 | 7,299 |
| Interest paid | 276 | 435 | 188 | 273 | 261 | 229 | 172 | 228 | 317 | 233 |
| Income taxes paid | 85 | 214 | 429 | 437 | 400 | 1,534 | 1,122 | 794 | 966 | 2,458 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 68.9% | Gross profit / revenue. |
| Pre-tax margin | 51.8% | Pre-tax income / revenue. |
| Net margin | 33.4% | Net income / revenue. |
| FCF margin | 37.8% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 49.0% | Cash from operations / revenue. |
| Effective tax rate | 39.1% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 24.4% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 14.9% | Net income / average total assets. |
| R&D / revenue | 0.7% | Research and development expense / revenue. |
| Capex / revenue | 11.2% | Capital expenditures / revenue. |
| D&A / revenue | 9.9% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 21.3% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 23.9% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 14.5% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | 50.1% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | 38.9% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 17.6% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 111.6% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 5y | 20.2% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 118.8% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 5y | 12.7% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 62.4% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 47.5% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 16.2% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 146.5% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 88.5% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 15.3% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | 0.0% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | -23.1% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | -0.8% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 13.2% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 20.5% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 8.0% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | 1.4% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 14.1% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 6.7% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | -3.5% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | 11.7% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | 6.6% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 2.55x | Current assets / current liabilities. |
| Quick ratio | 1.86x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 1.72x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 0.14x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 8.8% | Total debt / total assets. |
| Liabilities / assets | 38.6% | Total liabilities / total assets. |
| Net debt | -$3.93B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Working capital | $8.08B | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 4.6% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | $32.59B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 0.45x | Revenue / average total assets. |
| Fixed asset turnover | 0.77x | Revenue / average property, plant and equipment. |
| Receivables turnover | 37.6x | Revenue / average receivables. |
| Days sales outstanding | 10 days | 365 x average receivables / revenue. |
| Days payables | 41 days | 365 x average accounts payable / cost of revenue. |
| FCF conversion | 113.2% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 22.9% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $8.06 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $24.15 | Revenue / diluted weighted shares. |
| FCF per share | $9.12 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $11.84 | Cash from operations / diluted weighted shares. |
| Book value per share | $33.03 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $30.54 | Tangible book value / shares outstanding. |
| Cash per share | $8.44 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 12.8% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 11.3% | Dividends paid / free cash flow, when free cash flow is positive. |
| Buybacks / FCF | 45.3% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $127.95B | Share price x shares outstanding. |
| Enterprise value | $124.02B | Market cap + total debt - cash - short-term investments. |
| P/E | 14.9x | Market cap / net income. Only when net income is positive. |
| P/S | 4.97x | Market cap / revenue. |
| P/B | 3.63x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 3.93x | Market cap / tangible book value, when positive. |
| P/FCF | 13.1x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 10.1x | Market cap / cash from operations, when positive. |
| EV/Sales | 4.81x | Enterprise value / revenue. |
| EV/FCF | 12.7x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 7.6% | Free cash flow / market cap. |
| Earnings yield | 6.7% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 0.9% | Dividends paid over the period / market cap. |
| Shareholder yield | 4.3% | (Dividends paid + share buybacks) / market cap. |
What was NEWMONT Corp /DE/'s revenue in fiscal 2025?
NEWMONT Corp /DE/ reported revenue of $22.67B for fiscal 2025, 21.3% higher than the year before.
Was NEWMONT Corp /DE/ profitable in fiscal 2025?
Yes. Net income was $7.09B, a net margin of 31.3%.
How much free cash flow did NEWMONT Corp /DE/ generate in fiscal 2025?
Cash from operations of $10.33B minus capital expenditures of $3.04B left free cash flow of $7.30B.