Newmont Goldcorp (NEM) financial statements
Newmont Goldcorp reported revenue of $22.7B in fiscal 2025, up 14.5% a year over 9 years.
Net income was $7.1B and the operating margin 48.4%, against -0.2% in 2016.
Free cash flow was $7.3B, and the company returned $1.1B in dividends and $2.3B in net buybacks.
The diluted share count rose 108% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Newmont Goldcorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.7B | $7.4B | $7.3B | $9.7B | $11.5B | $12.2B | $11.9B | $11.8B | $18.7B | $22.7B |
| Cost of revenue | — | — | $4.1B | $5.2B | $5.0B | $5.4B | $6.5B | $6.7B | $9.0B | $8.1B |
| Gross profit | — | — | $3.2B | $4.5B | $6.5B | $6.8B | $5.4B | $5.1B | $9.7B | $14.6B |
| Research and development | $134M | $143M | $153M | $150M | $122M | $154M | $229M | $200M | $197M | $166M |
| Selling, general and admin | $233M | $237M | $244M | $313M | $269M | $259M | $276M | $299M | $442M | $382M |
| Operating income | -$16M | $1.3B | $790M | $1.3B | $2.8B | $1.3B | $203M | -$1.7B | $4.5B | $11.0B |
| Pre-tax income | -$220M | $1.1B | $738M | $3.7B | $3.1B | $1.1B | -$51M | -$2.0B | $4.6B | $11.3B |
| Income tax | $579M | $1.1B | $386M | $832M | $704M | $1.1B | $455M | $526M | $1.4B | $4.6B |
| Net income | -$629M | -$114M | $341M | $2.8B | $2.8B | $1.2B | -$429M | -$2.5B | $3.3B | $7.1B |
| EPS (diluted) | -$1.18 | -$0.21 | $0.64 | $3.81 | $3.51 | $1.46 | -$0.54 | -$2.97 | $2.92 | $6.39 |
| Diluted shares | 532M | 535M | 535M | 737M | 806M | 801M | 795M | 841M | 1.15B | 1.11B |
| Gross margin | — | — | 43.6% | 46.7% | 56.4% | 55.5% | 45.7% | 43.3% | 52.0% | 64.3% |
| Operating margin | -0.2% | 17.1% | 10.9% | 13.1% | 24.4% | 10.3% | 1.7% | -14.4% | 24.2% | 48.4% |
| Net margin | -9.4% | -1.5% | 4.7% | 28.8% | 24.6% | 9.5% | -3.6% | -21.1% | 17.9% | 31.3% |
Balance sheet
Fiscal years, from Newmont Goldcorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.8B | $3.3B | $3.4B | $2.5B | $5.8B | $5.1B | $3.8B | $3.0B | $3.6B | $8.2B |
| Receivables | $160M | $124M | $254M | $373M | $449M | $337M | $366M | $734M | $1.1B | $1.1B |
| Total current assets | $4.7B | $5.1B | $5.3B | $6.3B | $8.5B | $7.7B | $6.5B | $7.5B | $12.3B | $13.1B |
| Property, plant and equipment | $12.5B | $12.3B | $12.3B | $25.3B | $24.3B | $24.1B | $24.1B | $37.6B | $33.5B | $33.3B |
| Goodwill | — | — | $58M | $2.7B | $2.8B | $2.8B | $2.0B | $3.0B | $2.7B | $2.7B |
| Total assets | $21.1B | $20.6B | $20.7B | $40.0B | $41.4B | $40.6B | $38.5B | $55.5B | $56.3B | $57.1B |
| Total current liabilities | $1.8B | $1.4B | $1.8B | $2.4B | $3.4B | $2.7B | $2.9B | $6.0B | $7.5B | $5.7B |
| Long-term debt | $4.0B | $4.0B | $3.4B | $6.1B | $5.5B | $5.6B | $5.6B | $7.0B | $7.6B | $5.1B |
| Total liabilities | $9.2B | $9.1B | $9.2B | $17.6B | $17.5B | $18.7B | $18.9B | $26.3B | $26.2B | $23.1B |
| Shareholders' equity | $10.7B | $10.5B | $10.5B | $21.4B | $23.0B | $22.0B | $19.4B | $29.0B | $29.9B | $33.9B |
| Net debt | $1.9B | $785M | $647M | $3.9B | $491M | $660M | $2.7B | $5.9B | $4.9B | -$2.5B |
Cash flow
Fiscal years, from Newmont Goldcorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.8B | $2.1B | $1.8B | $2.9B | $4.9B | $4.3B | $3.2B | $2.8B | $6.4B | $10.3B |
| Capital spending | $1.1B | $866M | $1.0B | $1.5B | $1.3B | $1.7B | $2.1B | $2.7B | $3.4B | $3.0B |
| Free cash flow | $1.7B | $1.3B | $795M | $1.4B | $3.6B | $2.6B | $1.1B | $97M | $3.0B | $7.3B |
| Stock-based compensation | $70M | $70M | $76M | $121M | $84M | $72M | $76M | $80M | $89M | $99M |
| Dividends paid | $67M | $134M | $301M | $889M | $834M | $1.8B | $1.7B | $1.4B | $1.1B | $1.1B |
| Share buybacks (net) | — | — | -$98M | -$479M | -$521M | -$525M | $0 | $0 | -$1.2B | -$2.3B |
| Net borrowing | -$1.3B | -$379M | $0 | -$1.9B | -$1.2B | -$1.4B | -$89M | $0 | -$384M | -$3.4B |
| Free cash flow margin | 24.7% | 17.0% | 11.0% | 14.4% | 31.1% | 21.5% | 9.1% | 0.8% | 15.8% | 32.2% |
| Dividends per share | $0.13 | $0.25 | $0.56 | $1.21 | $1.03 | $2.19 | $2.20 | $1.68 | $1.00 | $1.00 |
Questions
What was Newmont Goldcorp's revenue in 2025?
$22.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Newmont Goldcorp generate?
$7.3B in fiscal 2025 (operating cash flow minus capital spending).
From Newmont Goldcorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.