Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

Analysis of Profitability Ratios

Microsoft Excel

Profitability Ratios (Summary)

Newmont Corp., profitability ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Return on Sales
Gross profit margin 12.46% 19.65% 21.42% 33.20% 23.67%
Operating profit margin -14.39% 1.70% 10.28% 24.41% 13.11%
Net profit margin -21.11% -3.60% 9.54% 24.61% 28.80%
Return on Investment
Return on equity (ROE) -8.59% -2.22% 5.29% 12.30% 13.10%
Return on assets (ROA) -4.49% -1.11% 2.87% 6.84% 7.02%

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

Microsoft Excel
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

Microsoft Excel
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, Sector
Metals & Mining 13.05% 20.87% 27.44% 20.40% 9.81%
Operating Profit Margin, Industry
Materials 18.59% 18.53% 22.18% 16.18% 10.12%

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

Microsoft Excel
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, Sector
Metals & Mining -1.86% 8.76% 15.60% 13.34% 10.63%
Net Profit Margin, Industry
Materials 8.22% 10.56% 14.12% 11.20% 9.26%

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

Microsoft Excel
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, Sector
Metals & Mining -1.41% 8.71% 15.20% 10.33% 8.35%
ROE, Industry
Materials 6.50% 9.59% 11.62% 7.37% 6.08%

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

Microsoft Excel
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, Sector
Metals & Mining -0.60% 3.39% 6.18% 4.10% 3.18%
ROA, Industry
Materials 2.94% 4.25% 5.46% 3.45% 2.90%

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.