Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Analysis of Profitability Ratios 
Quarterly Data

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Profitability Ratios (Summary)

Newmont Corp., profitability ratios (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Return on Sales
Gross profit margin 14.95% 12.46% 16.51% 16.76% 17.55% 19.65% 15.16% 17.37% 20.79% 21.42% 34.34% 37.03% 35.60% 33.20% 31.00% 27.07% 23.46% 23.67%
Operating profit margin -13.72% -14.39% -2.91% -2.37% -0.79% 1.70% 8.33% 6.30% 9.70% 10.28% 22.95% 29.91% 27.19% 24.41% 21.70% 17.55% 13.75% 13.11%
Net profit margin -20.33% -21.11% -7.35% -6.77% -4.55% -3.60% 8.28% 6.40% 8.53% 9.54% 16.67% 23.00% 21.77% 24.61% 23.19% 36.79% 33.66% 28.80%
Return on Investment
Return on equity (ROE) -9.26% -8.59% -4.26% -3.94% -2.71% -2.22% 4.72% 3.70% 4.92% 5.29% 8.96% 12.36% 11.10% 12.30% 11.34% 17.76% 16.23% 13.10%
Return on assets (ROA) -4.83% -4.49% -2.13% -1.99% -1.37% -1.11% 2.56% 2.00% 2.64% 2.87% 5.11% 7.06% 6.25% 6.84% 6.34% 9.80% 8.92% 7.02%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Newmont Corp. operating profit margin ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Newmont Corp. net profit margin ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Newmont Corp. ROE deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
ROA A profitability ratio calculated as net income divided by total assets. Newmont Corp. ROA deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Gross Profit Margin

Newmont Corp., gross profit margin calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Gross profit 1,165 (262) 476 588 670 91 528 742 980 (415) 841 1,166 1,026 1,161 1,271 739 646 780 711 331 483
Sales 4,023 3,957 2,493 2,683 2,679 3,200 2,634 3,058 3,023 3,390 2,895 3,065 2,872 3,381 3,170 2,365 2,581 2,967 2,713 2,257 1,803
Profitability Ratio
Gross profit margin1 14.95% 12.46% 16.51% 16.76% 17.55% 19.65% 15.16% 17.37% 20.79% 21.42% 34.34% 37.03% 35.60% 33.20% 31.00% 27.07% 23.46% 23.67%
Benchmarks
Gross Profit Margin, Competitors2
Freeport-McMoRan Inc. 30.34% 31.33% 30.56% 28.81% 30.38% 33.76% 36.22% 40.49% 41.20% 38.59% 36.85% 33.01% 27.67% 17.91% 11.94% 5.94% 3.86% 9.01%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Gross profit margin = 100 × (Gross profitQ1 2024 + Gross profitQ4 2023 + Gross profitQ3 2023 + Gross profitQ2 2023) ÷ (SalesQ1 2024 + SalesQ4 2023 + SalesQ3 2023 + SalesQ2 2023)
= 100 × (1,165 + -262 + 476 + 588) ÷ (4,023 + 3,957 + 2,493 + 2,683) = 14.95%

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 Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 not reaching Q3 2023 level.

Operating Profit Margin

Newmont Corp., operating profit margin calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss) 400 (2,809) 238 366 505 (1,431) 295 540 799 (626) 66 961 856 920 998 431 457 519 458 12 288
Sales 4,023 3,957 2,493 2,683 2,679 3,200 2,634 3,058 3,023 3,390 2,895 3,065 2,872 3,381 3,170 2,365 2,581 2,967 2,713 2,257 1,803
Profitability Ratio
Operating profit margin1 -13.72% -14.39% -2.91% -2.37% -0.79% 1.70% 8.33% 6.30% 9.70% 10.28% 22.95% 29.91% 27.19% 24.41% 21.70% 17.55% 13.75% 13.11%
Benchmarks
Operating Profit Margin, Competitors2
Freeport-McMoRan Inc. 26.31% 27.24% 26.57% 25.14% 27.03% 30.89% 33.69% 38.37% 39.20% 36.62% 36.69% 32.66% 27.34% 17.16% 11.04% 4.53% 2.22% 7.58%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Operating profit margin = 100 × (Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023 + Operating income (loss)Q3 2023 + Operating income (loss)Q2 2023) ÷ (SalesQ1 2024 + SalesQ4 2023 + SalesQ3 2023 + SalesQ2 2023)
= 100 × (400 + -2,809 + 238 + 366) ÷ (4,023 + 3,957 + 2,493 + 2,683) = -13.72%

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 Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.

Net Profit Margin

Newmont Corp., net profit margin calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders 170 (3,158) 158 155 351 (1,477) 213 387 448 (46) 3 650 559 824 839 344 822 565 2,178 (25) 87
Sales 4,023 3,957 2,493 2,683 2,679 3,200 2,634 3,058 3,023 3,390 2,895 3,065 2,872 3,381 3,170 2,365 2,581 2,967 2,713 2,257 1,803
Profitability Ratio
Net profit margin1 -20.33% -21.11% -7.35% -6.77% -4.55% -3.60% 8.28% 6.40% 8.53% 9.54% 16.67% 23.00% 21.77% 24.61% 23.19% 36.79% 33.66% 28.80%
Benchmarks
Net Profit Margin, Competitors2
Freeport-McMoRan Inc. 6.97% 8.09% 9.50% 9.63% 12.07% 15.22% 16.72% 20.08% 20.79% 18.85% 18.45% 14.98% 11.13% 4.22% -0.73% -4.92% -5.68% -1.66%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Net profit margin = 100 × (Net income (loss) attributable to Newmont stockholdersQ1 2024 + Net income (loss) attributable to Newmont stockholdersQ4 2023 + Net income (loss) attributable to Newmont stockholdersQ3 2023 + Net income (loss) attributable to Newmont stockholdersQ2 2023) ÷ (SalesQ1 2024 + SalesQ4 2023 + SalesQ3 2023 + SalesQ2 2023)
= 100 × (170 + -3,158 + 158 + 155) ÷ (4,023 + 3,957 + 2,493 + 2,683) = -20.33%

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 Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.

Return on Equity (ROE)

Newmont Corp., ROE calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders 170 (3,158) 158 155 351 (1,477) 213 387 448 (46) 3 650 559 824 839 344 822 565 2,178 (25) 87
Total Newmont stockholders’ equity 28,890 29,027 19,074 19,225 19,377 19,354 21,219 21,421 21,449 22,022 22,712 23,239 23,127 23,008 22,661 22,004 21,806 21,420 21,430 19,354 10,499
Profitability Ratio
ROE1 -9.26% -8.59% -4.26% -3.94% -2.71% -2.22% 4.72% 3.70% 4.92% 5.29% 8.96% 12.36% 11.10% 12.30% 11.34% 17.76% 16.23% 13.10%
Benchmarks
ROE, Competitors2
Freeport-McMoRan Inc. 9.77% 11.07% 13.11% 13.00% 16.22% 22.30% 25.93% 32.72% 34.41% 30.80% 29.27% 23.63% 16.56% 5.89% -1.08% -7.10% -8.59% -2.57%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
ROE = 100 × (Net income (loss) attributable to Newmont stockholdersQ1 2024 + Net income (loss) attributable to Newmont stockholdersQ4 2023 + Net income (loss) attributable to Newmont stockholdersQ3 2023 + Net income (loss) attributable to Newmont stockholdersQ2 2023) ÷ Total Newmont stockholders’ equity
= 100 × (170 + -3,158 + 158 + 155) ÷ 28,890 = -9.26%

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Return on Assets (ROA)

Newmont Corp., ROA calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders 170 (3,158) 158 155 351 (1,477) 213 387 448 (46) 3 650 559 824 839 344 822 565 2,178 (25) 87
Total assets 55,335 55,506 38,084 38,133 38,374 38,482 39,143 39,690 39,913 40,564 39,865 40,677 41,063 41,369 40,551 39,885 39,699 39,974 40,763 36,987 20,880
Profitability Ratio
ROA1 -4.83% -4.49% -2.13% -1.99% -1.37% -1.11% 2.56% 2.00% 2.64% 2.87% 5.11% 7.06% 6.25% 6.84% 6.34% 9.80% 8.92% 7.02%
Benchmarks
ROA, Competitors2
Freeport-McMoRan Inc. 3.06% 3.52% 4.18% 4.14% 5.12% 6.79% 7.77% 9.72% 10.47% 8.97% 8.33% 6.25% 4.14% 1.42% -0.24% -1.58% -1.89% -0.59%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
ROA = 100 × (Net income (loss) attributable to Newmont stockholdersQ1 2024 + Net income (loss) attributable to Newmont stockholdersQ4 2023 + Net income (loss) attributable to Newmont stockholdersQ3 2023 + Net income (loss) attributable to Newmont stockholdersQ2 2023) ÷ Total assets
= 100 × (170 + -3,158 + 158 + 155) ÷ 55,335 = -4.83%

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.