Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Newmont Corp., profitability ratios
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Newmont Corp. gross profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Newmont Corp. operating profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Newmont Corp. net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Newmont Corp. ROE deteriorated from 2021 to 2022 and from 2022 to 2023. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Newmont Corp. ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Gross Profit Margin
Newmont Corp., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 1,472) | 2,341) | 2,618) | 3,817) | 2,305) | |
| Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 12.46% | 19.65% | 21.42% | 33.20% | 23.67% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 31.33% | 33.76% | 38.59% | 17.91% | 9.01% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Gross profit margin = 100 × Gross profit ÷ Sales
= 100 × 1,472 ÷ 11,812 = 12.46%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Newmont Corp. gross profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Operating Profit Margin
Newmont Corp., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | (1,700) | 203) | 1,257) | 2,806) | 1,277) | |
| Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | -14.39% | 1.70% | 10.28% | 24.41% | 13.11% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 27.24% | 30.89% | 36.62% | 17.16% | 7.58% | |
| Operating Profit Margin, Industry | ||||||
| Materials | 25.58% | 22.10% | 24.89% | 13.90% | 9.44% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Sales
= 100 × -1,700 ÷ 11,812 = -14.39%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Newmont Corp. operating profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net Profit Margin
Newmont Corp., net profit margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Newmont stockholders | (2,494) | (429) | 1,166) | 2,829) | 2,805) | |
| Sales | 11,812) | 11,915) | 12,222) | 11,497) | 9,740) | |
| Profitability Ratio | ||||||
| Net profit margin1 | -21.11% | -3.60% | 9.54% | 24.61% | 28.80% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 8.09% | 15.22% | 18.85% | 4.22% | -1.66% | |
| Net Profit Margin, Industry | ||||||
| Materials | 14.44% | 13.56% | 15.16% | 7.48% | 4.80% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Net profit margin = 100 × Net income (loss) attributable to Newmont stockholders ÷ Sales
= 100 × -2,494 ÷ 11,812 = -21.11%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Newmont Corp. net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Return on Equity (ROE)
Newmont Corp., ROE calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Newmont stockholders | (2,494) | (429) | 1,166) | 2,829) | 2,805) | |
| Total Newmont stockholders’ equity | 29,027) | 19,354) | 22,022) | 23,008) | 21,420) | |
| Profitability Ratio | ||||||
| ROE1 | -8.59% | -2.22% | 5.29% | 12.30% | 13.10% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 11.07% | 22.30% | 30.80% | 5.89% | -2.57% | |
| ROE, Industry | ||||||
| Materials | 14.26% | 13.70% | 14.02% | 5.39% | 3.51% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
ROE = 100 × Net income (loss) attributable to Newmont stockholders ÷ Total Newmont stockholders’ equity
= 100 × -2,494 ÷ 29,027 = -8.59%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Newmont Corp. ROE deteriorated from 2021 to 2022 and from 2022 to 2023. |
Return on Assets (ROA)
Newmont Corp., ROA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Newmont stockholders | (2,494) | (429) | 1,166) | 2,829) | 2,805) | |
| Total assets | 55,506) | 38,482) | 40,564) | 41,369) | 39,974) | |
| Profitability Ratio | ||||||
| ROA1 | -4.49% | -1.11% | 2.87% | 6.84% | 7.02% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 3.52% | 6.79% | 8.97% | 1.42% | -0.59% | |
| ROA, Industry | ||||||
| Materials | 6.04% | 5.82% | 6.27% | 2.38% | 1.61% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
ROA = 100 × Net income (loss) attributable to Newmont stockholders ÷ Total assets
= 100 × -2,494 ÷ 55,506 = -4.49%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Newmont Corp. ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |