Newmont (NEM) financials

NYSE · Basic Materials · Gold · 17,500 employees · CEO Natascha Viljoen

Price: $106.61 -4.64%
Market cap: $111B
Enterprise value: $107B
Last report: Q3 '26 filed 2026-10-22
Next report: 2027-02-18 EPS est. $2.10

Revenue (TTM)$26.4B+24.0% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)55.0%+12.6 pp vs a year agoOperating income $14.5B

Net income (TTM)$9.24B+28.6% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$10.1B+64.6% vs a year agoCapex $3.02B

Diluted EPS (TTM)$8.62+33.9% vs a year agoSum of the last 4 quarters

Net cash$3.38B+965.3% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $111B
Revenue: $26.4B
Revenue growth: +17%
Profit margin: 35.1%
P/E: 12.3×
P/S: 4.2×
EV / EBITDA: 6.4×
Free cash flow: $10.1B
Net income: $9.24B
Revenue estimate: $26.6B
Earnings: 2027-02-18
Dividend: $1.03

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-22): revenue beat by 1.5%, EPS beat by 12.2%Revenue $6.36B vs $6.27B expected (+1.5%); EPS $2.20 vs $1.96 (+12.2%).
Revenue growth slowing: 18.3% year on yearQ3 '26 revenue $6.36B, against an average of 24.4% over the four quarters before.
Operating margin 55.0% (TTM), +12.6 pp on a year agoOperating income grew 60.9% while revenue grew 24.0%.
Capex 11.5% of revenue (a year ago 14.6%)$3.02B invested in the last 4 quarters (-2.5% on a year earlier). Free cash flow $10.1B = 109.0% of net income.
Returned $6.77B to shareholders = 67.2% of free cash flowBuybacks $5.67B (a year earlier $2.67B), dividends $1.1B, stock-based pay $51M (TTM).
Diluted share count down 4.5% in a year1.05B diluted shares in Q3 '26, 1.1B a year earlier.
Net cash $3.38BCash + short-term investments $8.83B, debt incl. leases $5.45B; a year ago net cash $317M.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$6.36B	$5.38B	+18.3%
Gross margin	66.3%	48.3%	+18.0 pp
Operating income	$3.16B	$2.46B	+28.6%
Operating margin	49.7%	45.7%	+4.0 pp
Net income	$2.48B	$1.83B	+35.1%
Diluted EPS	$2.35	$1.67	+40.7%
Operating cash flow	$2.77B	$2.3B	+20.5%
Capex	$856M	$727M	+17.7%
Free cash flow	$1.91B	$1.57B	+21.7%
R&D	$58M	$40M	+45.0%
Stock-based compensation	$0	$0	–

Reported vs consensus

2026-10-22

	Actual	Consensus	vs consensus
Revenue	$6.36B	$6.27B	+1.5%
EPS (as estimated)	$2.20	$1.96	+12.2%

From the report of 2026-10-22 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
Gold Dore	$4.13B	+19.7%	64.9%	–	–
Sales From Concentrate And Other Production	$2.23B	+7.7%	35.1%	–	–
NGM	–	–	–	–	–
Boddington	–	–	–	–	–
Peñasquito	–	–	–	–	–
Lihir	–	–	–	–	–
Yanacocha	–	–	–	–	–
Ahafo South	–	–	–	–	–
Tanami	–	–	–	–	–
Cadia	–	–	–	–	–
Merian	–	–	–	–	–
Ahafo North	–	–	–	–	–
Brucejack	–	–	–	–	–
Cerro Negro	–	–	–	–	–
Red Chris	–	–	–	–	–

Revenue by region

share of total

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
Australia Segment	–	–	–	–	–
Total Asia Pacific	$890M	–	45.1%	–	–
North America Segment	$520M	-6.8%	26.4%	–	–
South America Segment	$301M	+13.6%	15.3%	–	–
Africa Segment	$261M	-11.2%	13.2%	–	–
Other Indonesia	–	–	–	–	–

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $13.1B
Capex: -$3.02B
Buybacks: -$5.67B
Dividends: -$1.1B
Acquisitions: $53M
Net debt issued: -$185M
Stock-based compensation: $51M
Free cash flow: $10.1B
Returned to shareholders / FCF: 67.2%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	12.3×	23.7× 3 of 5 years	13.0× – 42.5×
EV / EBITDA	6.4×	34.4×	6.4× – 126.9×
EV / Sales	4.1×	3.7×	2.6× – 4.8×
Price / FCF	11.0×	88.3×	14.4× – 358.9×
Price / Book	3.1×	2.0×	1.2× – 3.3×
FCF yield	9.1%	4.4%	0.3% – 6.9%
Return on invested capital	17.5%	-1.9%	-32.4% – 13.0%
Return on equity	26.5%	5.3%	-8.7% – 20.9%

Analysts

Consensus target $135.56 (+27.2%)
range $110.00 – $154.00 · rating Buy

Strong buy0

Buy27

Hold10

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$26.6B	+17.3%	$9.31	+45.2%	11.5×	10
FY2027	$28.3B	+6.4%	$9.98	+7.2%	10.7×	11
FY2028	$30.3B	+7.0%	$11.43	+14.6%	9.3×	6
FY2029	$31.2B	+3.1%	$11.09	-3.0%	9.6×	3
FY2030	$28.1B	-10.2%	$10.14	-8.5%	10.5×	2

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 330 figures Newmont Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	$434M	–	–	–	–	–
Accounts Payable, Current	$879M	$832M	+5.6%	$816M	$843M	-3.2%
Accounts Receivable, after Allowance for Credit Loss, Current	$952M	$1.05B	-9.1%	$1.07B	$1.06B	+1.0%
Accounts Receivable, Fair Value Disclosure	$875M	–	–	–	–	–
Accretion Expense	$2M	$1M	+100.0%	$7M	$7M	0.0%
Accretion Expense, Including Asset Retirement Obligations	–	–	–	$314M	$372M	-15.6%
Accrual for Environmental Loss Contingencies	$463M	$346M	+33.8%	$390M	$370M	+5.4%
Accrual for Environmental Loss Contingencies, Increase (Decrease) for Acquisitions and Divestitures	$0	$0	–	$0	$0	–
Accrual for Environmental Loss Contingencies, Payments	$20M	$25M	-20.0%	$71M	$82M	-13.4%
Accrued Environmental Loss Contingencies, Current	$68M	$66M	+3.0%	$64M	$63M	+1.6%
Accrued Environmental Loss Contingencies, Noncurrent	$395M	$280M	+41.1%	$326M	$307M	+6.2%
Accrued Income Taxes, Noncurrent	$124M	$155M	-20.0%	$133M	$125M	+6.4%
Accrued Payroll Taxes, Current	$534M2025-12-31	$461M	+15.8%	$534M	$461M	+15.8%
Accrued Royalties, Current	$202M	$188M	+7.4%	$181M	$165M	+9.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax	$123M	$109M	+12.8%	$137M	-$95M	+244.2%
Additional Paid in Capital, Common Stock	$27.6B	$29B	-4.5%	$28.8B	$29.8B	-3.2%
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax	$7M2025-12-31	$7M	0.0%	$7M	$7M	0.0%
Asset Retirement Obligation	$6.31B	$6.81B	-7.3%	$6.8B	$7.02B	-3.1%
Asset Retirement Obligation, Accretion Expense	$73M	$73M	0.0%	$307M	$365M	-15.9%
Asset Retirement Obligation, Cash Paid to Settle	$236M	$222M	+6.3%	$732M	$351M	+108.5%
Asset Retirement Obligation, Current	$610M	$861M	-29.2%	$829M	$928M	-10.7%
Asset Retirement Obligation, Legally Restricted Assets, Fair Value	$33M2026-06-30	–	–	$17M2014-12-31	$17M	0.0%
Asset Retirement Obligation, Liabilities Settled	$29M	$0	–	$153M2019-12-31	–	–
Asset Retirement Obligations, Noncurrent	$5.7B	$5.95B	-4.2%	$5.97B	$6.09B	-1.9%
Assets	$58.2B	$54.7B	+6.4%	$57.1B	$56.3B	+1.4%
Assets Held-for-sale, Long Lived, Fair Value Disclosure	$78M2025-12-31	$672M	-88.4%	$672M2024-12-31	–	–
Assets, Current	$13.6B	$10.4B	+30.8%	$13.1B	$12.3B	+6.4%
Assets, Fair Value Disclosure	$10.4B	–	–	$1.5B2013-12-31	$2.09B	-28.2%
Business Combination, Acquisition Related Costs	$0	$2M	-100.0%	$2M2017-12-31	$10M	-80.0%
Cash and Cash Equivalents, at Carrying Value	$8.83B	$5.64B	+56.5%	$7.65B	$3.62B	+111.3%
Cash and Cash Equivalents, Fair Value Disclosure	$8.83B	–	–	$208M2012-12-31	$84M	+147.6%
Cash Provided by (Used in) Investing Activities, Discontinued Operations	$02025-12-31	$0	–	$0	$153M	-100.0%
Cash Provided by (Used in) Operating Activities, Discontinued Operations	$02025-12-31	$0	–	$0	$45M	-100.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$8.88B	$5.67B	+56.5%	$7.68B	$3.65B	+110.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$167M	-$546M	+69.4%	$4.03B	$550M	+633.5%
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectContinuingOperations	$0	$0	–	$138M	-$138M	+200.0%
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectDisposalGroupIncludingDiscontinuedOperations	-$167M	-$546M	+69.4%	$3.9B	$688M	+466.3%
Common Stock, Dividends, Per Share, Cash Paid	–	–	–	$1.00	$1.00	0.0%
Common Stock, Dividends, Per Share, Declared	$0.26	$0.25	+4.0%	$2.202021-12-31	$1.04	+111.5%
Common Stock, Par or Stated Value Per Share	$1.602025-12-31	$1.60	0.0%	$1.60	$1.60	0.0%
Common Stock, Shares Authorized	2.55B2025-12-31	2.55B	0.0%	2.55B	2.55B	0.0%
Common Stock, Shares, Issued	1.09B2025-12-31	1.13B	-3.4%	1.09B	1.13B	-3.4%
Common Stock, Shares, Outstanding	1.09B2025-12-31	1.13B	-3.4%	1.09B	1.13B	-3.4%
Common Stock, Value, Issued	$1.68B	$1.76B	-4.6%	$1.75B	$1.81B	-3.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$39M	$11M	+254.5%	$82M	$33M	+148.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$2.48B	$1.9B	+30.9%	$7.32B	$3.24B	+125.9%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$2.52B	$1.91B	+32.2%	$7.4B	$3.27B	+126.1%
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization	$2.14B	$1.95B	+9.8%	$8.09B	$8.96B	-9.8%
Costs and Expenses	$3.2B	$2.95B	+8.5%	$11.7B	$14.2B	-17.3%
Current Federal Tax Expense (Benefit)	–	–	–	$157M	$93M	+68.8%
Current Foreign Tax Expense (Benefit)	–	–	–	$3.05B	$1.22B	+149.0%
Current Income Tax Expense (Benefit)	–	–	–	$3.21B	$1.32B	+143.4%
Debt and Equity Securities, Unrealized Gain (Loss)	$0	$38M	-100.0%	$604M	$62M	+874.2%
Debt Instrument, Fair Value Disclosure	$4.88B	–	–	–	–	–
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$214M	$235M	-8.9%	$228M	$315M	-27.6%
Debt Issuance Costs, Line of Credit Arrangements, Net	$3M2025-12-31	$5M	-40.0%	$3M	$5M	-40.0%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$96M	$157M	-38.9%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	$1.3B	-$77M	+1,781.8%
Deferred Income Tax Assets, Net	$16M	$40M	-60.0%	$45M	$124M	-63.7%
Deferred Income Tax Expense (Benefit)	-$9M	$74M	-112.2%	$1.39B	$80M	+1,638.8%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01