NEMNewmont

$108.86+12% 1Y

$108.86

$78.0652 weeks$135.23

Is the business good?

Good

A genuinely good business: earnings fully cash-backed (1.5×) and margins widening.

2 good, 1 neutral, 1 without data

Profits arrive as cash1.52×derived · Sep 30, 2026

Operating profit is fully backed by cash. Conversion is improving vs a year ago.

Margin direction, 3 years+52.3 pts

Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.

Where ROE comes from14% ROA

Margin-driven, fat margins on slower asset turns. ROE 24% = margin × turnover × leverage.

Unless marked, from derived.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

FCF conversionmiddle of the market

Leverage (Debt/EBITDA)top 6% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

Newmont earns 34% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

34%

Return on invested capital · cost of capital 9.0% · 25 points above what the capital costs: growth creates value

Operating margin: 52%
Operating margin · Basic Materials median 9.9% · 12 months to Q3 2026
Cash conversion: 1.52×
Cash conversion · 1.37× a year ago · operating cash flow covers the operating profit after tax
Share count, year on year: −4.5%
Share count, year on year · bought back, each share owns more of the company

Details›

Gross margin12 months to Q3 2026: 69%
Operating margin12 months to Q3 2026: 52%
Net margin12 months to Q3 2026: 35%
Free cash flow margin: 38%
R&D as % of revenue: 0.73%
Revenue, trailing twelve months: $26.6B
Free cash flow, trailing twelve months: $10.1B
Net income, trailing twelve months: $9.24B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash: 34%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Ranks #56 of 172 by RyuScore