B vs KGC: Barrick Mining and Kinross Gold compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Barrick Mining is the larger company, worth $62.4B, about 2.5 times Kinross Gold.
- Kinross Gold grew revenue faster over the last year (+37.0% vs +31.2%).
- On earnings, Kinross Gold is the cheaper stock (12.2x vs 14.0x).
- Barrick Mining's price assumes faster free cash flow growth: about 2% a year, against -5% for Kinross Gold (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | B | KGC |
|---|---|---|
| Market cap | $62.4B | $24.9B |
| Share price | $41.06 | $23.74 |
| Revenue (last fiscal year) | $17.0B | $7.1B |
| Free cash flow (last fiscal year) | $3.9B | $2.6B |
| Revenue growth, last year | +31.2% | +37.0% |
| Revenue growth per year, last 5 fiscal years | +9.1% | +28.3% |
| Operating margin | — | 46.5% |
| Net margin | 29.4% | 33.9% |
| Return on equity | 20.1% | 27.9% |
| P/E (trailing) | 14.0x | 12.2x |
| Price / free cash flow | 16.9x | 9.69x |
| EV / EBITDA | 5.86x | 6.47x |
| FCF growth the price implies | 2.2% | -4.6% |
| Dividend yield | 1.5% | 0.67% |
| Debt / equity | 0.56x | 0.43x |
| Fundamental grade | A | A |
| Superinvestors holding it | 10 | 5 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Barrick Mining
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12.0B | $1.9B | — |
| 2022 | $11.0B | $432M | — |
| 2023 | $11.4B | $646M | — |
| 2024 | $12.9B | $1.3B | — |
| 2025 | $17.0B | $3.9B | — |
Kinross Gold
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $2.6B | $314M | 2.8% |
| 2022 | $3.5B | — | 3.4% |
| 2023 | $4.2B | $507M | 18.9% |
| 2024 | $5.1B | $1.4B | 29.9% |
| 2025 | $7.1B | $2.6B | 46.5% |
Where the revenue comes from
Barrick Mining · by segments, 2025
Carlin$4.0B22%
Cortez$2.7B15%
Other Mines$2.4B13%
Pueblo Viejo$2.3B13%
Turquoise Ridge$2.0B11%
Lumwana$1.5B8%
Kinross Gold · by segments, 2025
Paracatu$2.1B29%
Tasiast$1.7B24%
Fort Knox$1.4B20%
La Coipa$825M12%
Bald Mountain$604M9%
Round Mountain$490M7%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open B in InvestinglyQuestions
Which is bigger, Barrick Mining or Kinross Gold?
Barrick Mining (B), at $62.4B against $24.9B.
Is B or KGC cheaper?
By trailing P/E, Kinross Gold (12.2x) is cheaper than Barrick Mining (14.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, B or KGC?
Kinross Gold: revenue grew +37.0% over the last year, against +31.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.