B vs NEM: Barrick Mining and Newmont Goldcorp compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Newmont Goldcorp is the larger company, worth $116.2B, about 1.9 times Barrick Mining.
- Barrick Mining grew revenue faster over the last year (+31.2% vs +15.1%).
- On earnings, Barrick Mining is the cheaper stock (14.0x vs 14.1x).
- Barrick Mining's price assumes faster free cash flow growth: about 2% a year, against 2% for Newmont Goldcorp (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 | NEM |
|---|---|---|
| Market cap | $62.4B | $116.2B |
| Share price | $41.06 | $117.84 |
| Revenue (last fiscal year) | $17.0B | $22.7B |
| Free cash flow (last fiscal year) | $3.9B | $7.3B |
| Revenue growth, last year | +31.2% | +15.1% |
| Revenue growth per year, last 5 fiscal years | +9.1% | +16.7% |
| Operating margin | — | 51.2% |
| Net margin | 29.4% | 33.4% |
| Return on equity | 20.1% | 24.4% |
| P/E (trailing) | 14.0x | 14.1x |
| Price / free cash flow | 16.9x | 15.9x |
| EV / EBITDA | 5.86x | 7.56x |
| FCF growth the price implies | 2.2% | 2.0% |
| Dividend yield | 1.5% | 0.95% |
| Debt / equity | 0.56x | 0.63x |
| Fundamental grade | A | B |
| Superinvestors holding it | 10 | 0 |
| 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 | — |
Newmont Goldcorp
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12.2B | $2.6B | 10.3% |
| 2022 | $11.9B | $1.1B | 1.7% |
| 2023 | $11.8B | $97M | -14.4% |
| 2024 | $18.7B | $3.0B | 24.2% |
| 2025 | $22.7B | $7.3B | 48.4% |
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%
Newmont Goldcorp · by segments, 2024
NGM$2.5B13%
Peñasquito$2.3B12%
Ahafo South$1.9B10%
Cadia$1.9B10%
Boddington$1.7B9%
Lihir$1.5B8%
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 Newmont Goldcorp?
Newmont Goldcorp (NEM), at $116.2B against $62.4B.
Is B or NEM cheaper?
By trailing P/E, Barrick Mining (14.0x) is cheaper than Newmont Goldcorp (14.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, B or NEM?
Barrick Mining: revenue grew +31.2% over the last year, against +15.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.