NFGCNew Found Gold Corp.
Is the business good?
How good a business is NFGC?
New Found Gold Corp. earns −14% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 23 points below what the capital costs: growth destroys value
- Operating margin
- −4512%
Operating margin · Gold median 40% · fiscal year to FY2025
- Share count, year on year
- +21%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 8.3%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −61968% |
| FY2021 | −46174% |
| FY2022 | −7270% |
| FY2023 | −3707% |
| FY2024 | −2102% |
| FY2025 | −4512% |
Details›
- Gross marginfiscal year to FY2025
- 8.3%
- Operating marginfiscal year to FY2025
- −4512%
- Net marginfiscal year to FY2025
- −3355%
- Free cash flow margin
- −4014%
- Revenue, trailing twelve months
- $1.4M
- Free cash flow, trailing twelve months
- −$57M
- Net income, trailing twelve months
- −$48M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −14%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from NFGC and who it buys from, as the companies report it.
- One customer100%
Share of revenue · FY2025 40-F
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; NFGC’s own figures are from its FY2025 40-F. Smaller customers and suppliers go unreported.