Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Newmont (NEM) delivered a landmark FY2025, with revenue surging 21.3% to $22.7B and net income more than doubling to $7.1B, driven by strong gold production and higher realized prices, while the company dramatically strengthened its balance sheet by cutting long-term debt nearly 40% and more than doubling its cash position.
Revenue
$22.67B
+21.34% YoY
EPS (Diluted)
$6.39
+118.84% YoY
Source: SEC XBRL
Newmont (NEM) reported FY2025 revenue of $22.67B, up 21.3% year over year. Operating cash flow was $10.33B, up 62.4% year over year.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 2.10 | 2.01 | Beat +4.5% |
| Mar 2026 | 2.90 | 2.20 | Beat +31.7% |
| Dec 2025This filing | 2.52 | 2.02 | Beat +24.7% |
| Sep 2025 | 1.71 | 1.45 | Beat +18.3% |
Reported EPS of $2.52 versus the $2.02 analyst consensus — a +24.7% beat for Dec 2025.
Compiled by AI from this SEC filing
Revenue increased 21.3% year-over-year from $18.7B to $22.7B in FY2025, reflecting the benefit of elevated gold prices and Newmont's expanded production base following its Newcrest acquisition integration. This top-line growth was the primary catalyst for the company's record financial performance.
Source: 10-K Income Statement, Financial Data
Net income surged 111.6% from $3.3B to $7.1B, with net margin expanding significantly to 31.3%. This dramatic improvement reflects both higher revenues and improved operational efficiency across the portfolio, as well as the absence of large one-time integration costs that weighed on prior-year results.
Source: 10-K Income Statement, Financial Data
Long-term debt was reduced by 39.7% from $8.5B to $5.1B, while cash and equivalents more than doubled from $3.6B to $7.6B. This aggressive deleveraging materially reduced financial risk and positions Newmont with substantial liquidity heading into FY2026.
Source: 10-K Balance Sheet, Financial Data
Operating cash flow grew from $6.4B to $10.3B, demonstrating the company's strong ability to convert revenue into cash. Positive investing cash flow of $606M (vs. -$2.7B in the prior year) suggests asset divestitures or reduced capital expenditures, further boosting the overall cash position.
Source: 10-K Cash Flow Statement, Financial Data
Share buybacks increased 84.8% year-over-year to $2.3B, reflecting management's confidence in the business and commitment to returning capital. Total financing outflows of $7.0B (vs. $3.0B prior year) include both debt repayment and shareholder returns, signaling a disciplined capital allocation strategy.
Source: 10-K Cash Flow Statement, Financial Data
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Newmont's revenue and profitability are highly sensitive to fluctuations in the spot price of gold. A sustained decline in gold prices would directly compress margins and cash flows, given the company's cost structure. The current strong financial results are partly a function of elevated gold prices, which may not persist.
Source: 10-K Risk Factors, Financial Data
As the world's largest gold miner, Newmont operates mines across multiple continents including politically sensitive jurisdictions. Disruptions from labor disputes, regulatory changes, or geopolitical instability could curtail production and increase costs. The Newcrest integration also adds complexity to managing a larger, more geographically diverse asset base.
Source: 10-K Risk Factors, Financial Data
Newmont completed its acquisition of Newcrest Mining in late 2023, significantly expanding its asset portfolio. Realizing the full synergies from this large-scale acquisition carries execution risk, including potential cost overruns, cultural integration challenges, and operational disruptions at newly acquired mines.
Source: 10-K Risk Factors, Financial Data
Mining operations are subject to extensive environmental regulations, and obtaining or renewing permits can be delayed or denied, impacting production timelines. Increasing global focus on ESG standards and carbon emissions may impose additional compliance costs on Newmont's operations worldwide.
Source: 10-K Risk Factors, Financial Data
Mining is a capital-intensive industry, and Newmont faces ongoing exposure to cost inflation in labor, energy, and materials. While D&A declined slightly to $2.5B, sustaining and growing production requires significant ongoing investment, and cost overruns at major projects could erode the strong margins achieved in FY2025.
Source: 10-K Financial Data, Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 22.67 $B | 18.68 $B | +21.34% |
Net Income $B | 7.09 $B | 3.35 $B | +111.62% |
EPS (Basic) $ | 6.41 $ | 2.92 $ | +119.52% |
EPS (Diluted) $ | 6.39 $ | 2.92 $ | +118.84% |
R&D Expense $M | 166.00 $M | 197.00 $M | -15.74% |
Answers draw on this SEC filing and the data on this page
In Q2 FY2026, Newmont reported 15.1% year-over-year revenue growth to $6.118B and 6.8% growth in net income to $2.202B, as sharply higher realized gold and silver prices more than offset lower sales volumes, while Cadia's seismic-related interruption and rising Ghana fiscal exposure remained notable risks.
NEM delivered a standout Q1 FY2026 with revenue surging 45.8% YoY to $7.31B and net income jumping 72.5% to $3.26B, driven by strong operational performance and a near-doubling of cash on hand to $8.78B.