|NEM Overview
NEM

NEWMONT Corp /DE/

Materials • CIK: 0001164727

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Market Cap
$94.09B
P/E (TTM)
13.1x
Rev Growth (TTM)
+26.6%
Net Margin (TTM)
33.4%
FCF Yield (TTM)
6.5%
FCF Margin (TTM)
28.5%

LATEST EARNINGS

Q3 FY2025
4 months ago
View source
Revenue
$5.52B
+20.0%
Net Income
$1.83B
+98.7%
EPS
$1.71
+111.1%
  • Generated a third-quarter record of $1.6 billion in free cash flow, marking the fourth consecutive quarter with over $1 billion.
  • Improved 2025 cost and capital guidance due to cost savings initiatives and a shift in capital spend timing.
  • Received net cash proceeds of nearly $640 million from asset and equity sales, including shares in Orla Mining and Discovery Silver.
  • Reduced debt by $2 billion, ending the quarter in a near-zero net debt position with $5.6 billion in cash and $9.6 billion in total liquidity.

Cash Flow Health

Free Cash Flow6/8 positive
TTM$6.1B
Q3 '25
$1.6B-8%
Q2 '25
$1.7B+42%
FCF Margin
TTM28.5%
Q3 '2528.4%-12%
Sector: 4.7%Top 10%
OCF Margin42.9%
OCF/NI1.28x
CapEx Coverage3.0x
FCF Yield6.5%
FCF Growth (2Y)+57%
Cash Conversion Cycle
-19 days
DSO: 15+DIO: 0DPO: 34

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM4.0%
Div Yield1.2%
+
Buyback (TTM)2.8%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)1.2%
FCF Payout Ratio18.2%
Free Cash Flow (TTM)$6.1B
Stock Repurchases (TTM)$2.7B
Capital Return / FCF61.9%
Est. Dividends Paid (TTM)$1.1B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
17.4%
Volatile
+41.4%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
31.2%
8Q: 21.0%
Asset Turnover
0.39x
8Q: 0.35x
Leverage (1+D/E)
1.16x
D/E: 0.16x
DuPont: 14.0%17.4% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.83x
8Q:0.75x
-13.3%
Invested Cap Turn
0.63x
8Q:0.57x
-8.7%
CapEx Intensity
9.1%
8Q:10.5%
CapEx/Depreciation
1.22x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$21.5B
$5.5B3.9%
$5.3B6.1%
$5.0B11.4%
$5.7B22.7%
$4.6B4.6%
$4.4B9.4%
$4.0B1.7%
$4.0B
Operating Income
$9.9B
$2.6B16.0%
$3.1B36.4%
$2.2B14.7%
$2.0B73.8%
$1.1B8.6%
$1.0B159.8%
$400.0M114.2%
$-2.8B
Net Income
$7.2B
$1.8B11.1%
$2.1B9.0%
$1.9B34.8%
$1.4B52.2%
$922.0M8.1%
$853.0M401.8%
$170.0M105.4%
$-3.2B
Operating Cash Flow
$9.2B
$2.3B3.6%
$2.4B17.4%
$2.0B19.1%
$2.5B52.4%
$1.6B15.4%
$1.4B84.0%
$776.0M26.0%
$616.0M
Free Cash Flow
$6.1B
$1.6B8.1%
$1.7B41.9%
$1.2B26.3%
$1.6B112.2%
$771.0M22.8%
$628.0M948.6%
$-74.0M75.7%
$-304.0M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
13.1x
Volatile
8Q: 40.9x-6072%
Valuation Lenses
Earnings
13.1x
vs sector
Cash Flow
15.8x
EV/FCF vs
Growth-Adj
0.5xPEG
Undervalued for growth
Quality-Adj
0.8P/E per %ROIC
ROIC: 17.4%
Shareholder Returns
Dividend
1.2%
Buyback
2.8%
Total Yield
4.0%
Market Cap$94.09B
EV$96.67B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
73/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 25%
23.0%
8Q:
Return on Invested Capital (ROIC)Top 25%
17.4%
8Q:
+41.4%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 31.2%
Asset Turnover: 0.39x

Earnings Quality

Cash Conversion

1.28x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin60.7%

Capital Efficiency

Invested Capital Turnover0.63x

Working Capital

Cash Conversion Cycle-19 days

Growth Quality & Momentum

Quality Growth
Growth Quality Score
80/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
26.6%
OpInc Growth YoY
128.4%
EPS Growth YoY
N/A
FCF 3Y CAGR
57.0%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue
Sustainability Index: 8.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
60.7%
Operating
45.8%
Top 25% in sector
Net
33.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-5.0 pts
FCF: 28.5% | Net: 33.4%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $820.00M
Interest Coverage
+Net cash position: $820.00M
Leverage Metrics
Debt-to-Equity
0.16x
Balance sheet risk & solvency analysis