Net Profit Margin
since 2005
Calculation
Newmont Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to Newmont stockholders1 | ÷ | Sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | -21.11% | = | 100 | × | (2,494) | ÷ | 11,812) |
| Dec 31, 2022 | -3.60% | = | 100 | × | (429) | ÷ | 11,915) |
| Dec 31, 2021 | 9.54% | = | 100 | × | 1,166) | ÷ | 12,222) |
| Dec 31, 2020 | 24.61% | = | 100 | × | 2,829) | ÷ | 11,497) |
| Dec 31, 2019 | 28.80% | = | 100 | × | 2,805) | ÷ | 9,740) |
| Dec 31, 2018 | 4.70% | = | 100 | × | 341) | ÷ | 7,253) |
| Dec 31, 2017 | -1.33% | = | 100 | × | (98) | ÷ | 7,348) |
| Dec 31, 2016 | -9.34% | = | 100 | × | (627) | ÷ | 6,711) |
| Dec 31, 2015 | 2.85% | = | 100 | × | 220) | ÷ | 7,729) |
| Dec 31, 2014 | 6.97% | = | 100 | × | 508) | ÷ | 7,292) |
| Dec 31, 2013 | -29.58% | = | 100 | × | (2,462) | ÷ | 8,322) |
| Dec 31, 2012 | 18.33% | = | 100 | × | 1,809) | ÷ | 9,868) |
| Dec 31, 2011 | 3.53% | = | 100 | × | 366) | ÷ | 10,358) |
| Dec 31, 2010 | 23.87% | = | 100 | × | 2,277) | ÷ | 9,540) |
| Dec 31, 2009 | 16.83% | = | 100 | × | 1,297) | ÷ | 7,705) |
| Dec 31, 2008 | 13.76% | = | 100 | × | 853) | ÷ | 6,199) |
| Dec 31, 2007 | -34.13% | = | 100 | × | (1,886) | ÷ | 5,526) |
| Dec 31, 2006 | 15.86% | = | 100 | × | 791) | ÷ | 4,987) |
| Dec 31, 2005 | 7.31% | = | 100 | × | 322) | ÷ | 4,406) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial performance from 2005 to 2023 is characterized by extreme volatility in net profit margins, with frequent and significant oscillations between high profitability and substantial net losses. While sales grew steadily over the long term, increasing from 4,406 million US$ in 2005 to 11,812 million US$ in 2023, net income did not follow a linear growth trajectory, indicating a high sensitivity to external market shocks or internal operational costs.
- Historical Margin Volatility
- The period between 2005 and 2014 saw dramatic shifts in profitability. A sharp decline occurred in 2007, where the net profit margin fell to -34.13%, followed by a recovery peaking at 23.87% in 2010. This instability recurred in 2013, with the margin dropping again to -29.58%, demonstrating a pattern of cyclical instability during the first decade of the observed period.
- Mid-Term Stagnation and Recovery
- Between 2015 and 2018, the company experienced a period of suppressed profitability, with margins fluctuating between -9.34% and 4.70%. This phase was followed by a significant surge in operational efficiency or pricing power, resulting in the highest observed margins of the entire period: 28.80% in 2019 and 24.61% in 2020.
- Recent Fiscal Decline
- A severe downward trend is observed in the most recent years. After a margin of 9.54% in 2021, profitability collapsed to -3.60% in 2022 and further deteriorated to -21.11% in 2023. This represents a substantial erosion of the gains achieved during the 2019-2020 peak, despite sales remaining relatively stable at approximately 11.8 billion US$.
- Revenue and Profit Correlation
- An analysis of the relationship between sales and net income reveals that revenue growth has not served as a hedge against losses. For instance, while 2023 saw some of the highest sales volumes in the company's history (11,812 million US$), it also recorded one of the deepest net losses (-2,494 million US$), suggesting that cost pressures or non-operational charges have heavily outweighed revenue gains in recent years.
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Comparison to Competitors
Newmont Corp., net profit margin, long-term trends, comparison to competitors
| Newmont Corp. | Freeport-McMoRan Inc. | |
|---|---|---|
| Dec 31, 2023 | -21.11% | 8.09% |
| Dec 31, 2022 | -3.60% | 15.22% |
| Dec 31, 2021 | 9.54% | 18.85% |
| Dec 31, 2020 | 24.61% | 4.22% |
| Dec 31, 2019 | 28.80% | -1.66% |
| Dec 31, 2018 | 4.70% | 13.97% |
| Dec 31, 2017 | -1.33% | 11.08% |
| Dec 31, 2016 | -9.34% | -28.01% |
| Dec 31, 2015 | 2.85% | -77.07% |
| Dec 31, 2014 | 6.97% | -6.10% |
| Dec 31, 2013 | -29.58% | 12.70% |
| Dec 31, 2012 | 18.33% | 16.89% |
| Dec 31, 2011 | 3.53% | 21.84% |
| Dec 31, 2010 | 23.87% | 22.84% |
| Dec 31, 2009 | 16.83% | 18.28% |
| Dec 31, 2008 | 13.76% | -62.19% |
| Dec 31, 2007 | -34.13% | 17.57% |
| Dec 31, 2006 | 15.86% | 25.15% |
| Dec 31, 2005 | 7.31% | 23.81% |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
Newmont Corp., net profit margin, long-term trends, comparison to industry (materials)
| Newmont Corp. | Materials | |
|---|---|---|
| Dec 31, 2023 | -21.11% | 13.25% |
| Dec 31, 2022 | -3.60% | 12.31% |
| Dec 31, 2021 | 9.54% | 13.59% |
| Dec 31, 2020 | 24.61% | 8.58% |
| Dec 31, 2019 | 28.80% | 5.93% |
| Dec 31, 2018 | 4.70% | 15.85% |
| Dec 31, 2017 | -1.33% | 11.29% |
| Dec 31, 2016 | -9.34% | -4.09% |
| Dec 31, 2015 | 2.85% | -25.36% |
| Dec 31, 2014 | 6.97% | 2.79% |
| Dec 31, 2013 | -29.58% | 12.00% |
| Dec 31, 2012 | 18.33% | 13.84% |
| Dec 31, 2011 | 3.53% | 16.32% |
| Dec 31, 2010 | 23.87% | 16.25% |
| Dec 31, 2009 | 16.83% | 14.28% |
| Dec 31, 2008 | 13.76% | -25.65% |
| Dec 31, 2007 | -34.13% | 13.89% |
| Dec 31, 2006 | 15.86% | 13.78% |
| Dec 31, 2005 | 7.31% | 11.48% |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).