NEM

MKT CAP:$129B

Newmont Corporation

Market Cap

$129B

Basic Materials·Gold·🇺🇸 United States·NYSE

Materials·Gold·🇺🇸·NYSE

Stock Price

$119.87+$18.65 (+18.43%)

Apr 24, 2026

Company Details

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, A...

CEO

Natascha Viljoen

IPO Date

Mar 17, 1980

Website

www.newmont.com

Key Metrics TTM

Revenue

$20.1B

+44.0% YoY

Net Income

$6.7B

EPS (Diluted)

$6.00

Free Cash Flow

$5.3B

Revenue / Share

$18.30

Gross Margin

42.7%

Operating Margin

39.5%

Net Margin

33.3%

FCF Margin

26.1%

P/S

6.4x

P/E

19.3x

Earnings Reports

Q3 2025

Oct 23, 2025

$5.4B+17.0%EPS $1.67

Q2 2025

Jul 24, 2025

$5.3B+22.4%EPS $1.85

Q1 2025

Feb 20, 2025

$4.9BEPS $1.68

FY 2024

Feb 20, 2025

$18.6BEPS $2.86

Q3 2024

Oct 24, 2024

$4.6BEPS $0.80

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 17	$1.9B	$409M	$308M
Q1 18	$1.8B	$422M	$324M
Q2 19	$2.3B	$258M	$133M
Q4 19	$3.0B	$708M	$556M
Q1 21	$2.9B	$1.0B	$923M
Q2 21	$3.0B	$1.1B	$976M
Q2 23	$2.7B	$544M	$423M
Q4 23	$3.9B	-$315M	-$470M
Q2 24	$4.3B	$1.4B	$1.2B
Q3 24	$4.6B	$1.5B	$1.3B
Q1 25	$4.9B	$2.0B	$1.9B
Q2 25	$5.3B	$2.5B	$2.3B
Q3 25	$5.4B	$2.6B	$2.5B

Valuation

Quarter	P/S	P/E
Q3 17	—	—
Q1 18	—	—
Q2 19	—	—
Q4 19	4.0x	38.2x
Q1 21	5.0x	38.6x
Q2 21	4.5x	28.7x
Q2 23	2.9x	17.7x
Q4 23	3.7x	—
Q2 24	3.4x	—
Q3 24	3.9x	—
Q1 25	3.1x	105.4x
Q2 25	3.4x	11.2x
Q3 25	4.6x	13.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 17	$685M	$491M
Q1 18	$263M	$32M
Q2 19	$299M	-$81M
Q4 19	$1.2B	$775M
Q1 21	$841M	$442M
Q2 21	$995M	$580M
Q2 23	$663M	$47M
Q4 23	$616M	-$304M
Q2 24	$1.4B	$628M
Q3 24	$1.6B	$771M
Q1 25	$2.0B	$1.2B
Q2 25	$2.4B	$1.7B
Q3 25	$2.3B	$1.6B

Capital Expenditures

Quarter	CapEx
Q3 17	$194M
Q1 18	$231M
Q2 19	$380M
Q4 19	$430M
Q1 21	$399M
Q2 21	$415M
Q2 23	$616M
Q4 23	$920M
Q2 24	$800M
Q3 24	$877M
Q1 25	$826M
Q2 25	$674M
Q3 25	$727M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+55.4%	+27.0%
Q2 21	+66.9%	+37.8%
Q2 23	+20.0%	+7.6%
Q4 23	+32.3%	+82.4%
Q2 24	+48.2%	+55.1%
Q3 24	+51.5%	+60.9%
Q1 25	+80.1%	+31.7%
Q2 25	+34.6%	-33.2%
Q3 25	+24.8%	-5.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 17	$18M	1.0%
Q1 18	$19M	1.0%
Q2 19	$35M	1.6%
Q4 19	$21M	0.7%
Q1 21	$17M	0.6%
Q2 21	$21M	0.7%
Q2 23	$23M	0.9%
Q4 23	$22M	0.6%
Q2 24	$23M	0.5%
Q3 24	$22M	0.5%
Q1 25	$21M	0.4%
Q2 25	$27M	0.5%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q3 17	$41M	—	$58M
Q1 18	$34M	—	$59M
Q2 19	$32M	—	$81M
Q4 19	$48M	—	$89M
Q1 21	$31M	—	$65M
Q2 21	$37M	—	$64M
Q2 23	$44M	—	$71M
Q4 23	$68M	—	$84M
Q2 24	$49M	—	$100M
Q3 24	$47M	—	$113M
Q1 25	$43M	—	$110M
Q2 25	$40M	$95M	—
Q3 25	$40M	$86M	—

Revenue Segments

Quarter	Concentrate Production Copper	Concentrate Production Gold	Copper Cathode	Gold Dore	Sales From Cathode Production	Sales From Concentrate Production	Sales From Concentrate And Other Production
Q1 18	$64M	$210M	$14M	$1.5B	—	—	—
Q2 19	—	—	—	$1.9B	$14M	$332M	—
Q4 19	—	—	—	$2.3B	—	$613M	—
Q1 21	—	—	—	$2.0B	—	—	$837M
Q2 21	—	—	—	$2.1B	—	—	$980M
Q2 23	—	—	—	$2.0B	—	—	$699M
Q4 23	—	—	—	$2.8B	—	—	$1.2B
Q2 24	—	—	—	$2.8B	—	—	$1.6B
Q3 24	—	—	—	$3.1B	—	—	$1.5B
Q2 25	—	—	—	$3.3B	—	—	$2.0B
Q3 25	—	—	—	$3.5B	—	—	$2.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$4.3B	$51M	$4.4B
Q3 22	$3.1B	$755M	$3.8B
Q4 22	$2.9B	$880M	$3.8B
Q1 23	$2.7B	$847M	$3.5B
Q2 23	$2.8B	$409M	$3.2B
Q3 23	$3.2B	$24M	$3.2B
Q4 23	$3.0B	$23M	$3.0B
Q1 24	$2.3B	$23M	$2.4B
Q2 24	$2.6B	$50M	$2.7B
Q3 24	$3.0B	$43M	$3.1B
Q4 24	$3.6B	$21M	$3.6B
Q1 25	$4.7B	$18M	$4.7B
Q2 25	$6.2B	$468M	$6.7B
Q3 25	$5.6B	$328M	$6.0B
Q4 25	$7.6B	$0	$7.6B
Q1 26	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 17	536M	—	—
Q1 18	535M	-0.2%	—
Q2 19	768M	+43.6%	—
Q4 19	818M	+6.5%	—
Q1 21	802M	-2.0%	+49.6%
Q2 21	803M	+0.1%	+50.1%
Q2 23	795M	-1.0%	+3.5%
Q4 23	979M	+23.1%	+19.7%
Q2 24	1.16B	+18.0%	+44.0%
Q3 24	1.15B	-0.5%	+43.1%
Q1 25	1.13B	-1.9%	+41.8%
Q2 25	1.11B	-1.3%	+13.6%
Q3 25	1.10B	-1.1%	-4.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 17	$150.9K	12K
Q1 18	$145.0K	13K
Q2 19	$181.8K	12K
Q4 19	$178.5K	17K
Q1 21	$203.4K	14K
Q2 21	$212.3K	14K
Q2 23	$185.3K	15K
Q4 23	$180.6K	22K
Q2 24	$198.7K	22K
Q3 24	$212.0K	22K
Q1 25	$219.4K	22K
Q2 25	$237.6K	22K
Q3 25	$242.3K	22K

Revenue / Employee