GFI vs KGC: Gold Fields Ltd ADR 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.
- Gold Fields Ltd ADR is the larger company, worth $28.8B, close to Kinross Gold's $24.9B.
- Kinross Gold grew revenue faster over the last year (+37.0% vs +15.6%).
- On earnings, Kinross Gold is the cheaper stock (12.2x vs 26.7x).
- Gold Fields Ltd ADR's price assumes faster free cash flow growth: about 21% 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 | GFI | KGC |
|---|---|---|
| Market cap | $28.8B | $24.9B |
| Share price | $36.82 | $23.74 |
| Revenue (last fiscal year) | $5.2B | $7.1B |
| Free cash flow (last fiscal year) | $424M | $2.6B |
| Revenue growth, last year | +15.6% | +37.0% |
| Revenue growth per year, last 5 fiscal years | +7.5% | +28.3% |
| Operating margin | — | 46.5% |
| Net margin | 23.9% | 33.9% |
| Return on equity | 23.9% | 27.9% |
| P/E (trailing) | 26.7x | 12.2x |
| Price / free cash flow | 9.23x | 9.69x |
| EV / EBITDA | 12.8x | 6.47x |
| FCF growth the price implies | 21.1% | -4.6% |
| Dividend yield | 7.2% | 0.67% |
| Debt / equity | 0.92x | 0.43x |
| Fundamental grade | B | A |
| Superinvestors holding it | 4 | 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.
Gold Fields Ltd ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $3.9B | $528M | — |
| 2021 | $4.2B | $142M | — |
| 2022 | $4.3B | $310M | — |
| 2023 | $4.5B | $138M | — |
| 2024 | $5.2B | $424M | — |
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
Gold Fields Ltd ADR · by products, 2025
Gold$8.4B96%
Copper$228M3%
Silver$117M1%
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 GFI in InvestinglyQuestions
Which is bigger, Gold Fields Ltd ADR or Kinross Gold?
Gold Fields Ltd ADR (GFI), at $28.8B against $24.9B.
Is GFI or KGC cheaper?
By trailing P/E, Kinross Gold (12.2x) is cheaper than Gold Fields Ltd ADR (26.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, GFI or KGC?
Kinross Gold: revenue grew +37.0% over the last year, against +15.6%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.