GFI vs NEM: Gold Fields Ltd ADR 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 4.0 times Gold Fields Ltd ADR.
- Gold Fields Ltd ADR grew revenue faster over the last year (+15.6% vs +15.1%).
- On earnings, Newmont Goldcorp is the cheaper stock (14.1x vs 26.7x).
- Gold Fields Ltd ADR's price assumes faster free cash flow growth: about 21% 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 | GFI | NEM |
|---|---|---|
| Market cap | $28.8B | $116.2B |
| Share price | $36.82 | $117.84 |
| Revenue (last fiscal year) | $5.2B | $22.7B |
| Free cash flow (last fiscal year) | $424M | $7.3B |
| Revenue growth, last year | +15.6% | +15.1% |
| Revenue growth per year, last 5 fiscal years | +7.5% | +16.7% |
| Operating margin | — | 51.2% |
| Net margin | 23.9% | 33.4% |
| Return on equity | 23.9% | 24.4% |
| P/E (trailing) | 26.7x | 14.1x |
| Price / free cash flow | 9.23x | 15.9x |
| EV / EBITDA | 12.8x | 7.56x |
| FCF growth the price implies | 21.1% | 2.0% |
| Dividend yield | 7.2% | 0.95% |
| Debt / equity | 0.92x | 0.63x |
| Fundamental grade | B | B |
| Superinvestors holding it | 4 | 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.
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 | — |
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
Gold Fields Ltd ADR · by products, 2025
Gold$8.4B96%
Copper$228M3%
Silver$117M1%
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 GFI in InvestinglyQuestions
Which is bigger, Gold Fields Ltd ADR or Newmont Goldcorp?
Newmont Goldcorp (NEM), at $116.2B against $28.8B.
Is GFI or NEM cheaper?
By trailing P/E, Newmont Goldcorp (14.1x) 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 NEM?
Gold Fields Ltd ADR: revenue grew +15.6% 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.