Newmont Corporation (NEM) Key Metrics
NEM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $124.97B
- Enterprise value
- $130.68B
- P/E (TTM)
- 15.0 10-yr median 16.3
- Forward P/E
- 11.6
- PEG ratio
- 2.83
- Price / sales
- 4.8 10-yr median 3.0
- Price / book
- 3.8 10-yr median 1.8
- EV / EBITDA
- 8.1 10-yr median 8.2
- Dividend yield
- 0.88% $1.04 a year
- Beta
- 0.53
NEM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNEM valuation Price multiples at each fiscal year-end price.
NEM returns How much profit the business earns on the capital it uses.
NEM per-share figures Results divided by the shares outstanding at year-end.
NEM financial health Debt, liquidity and how easily interest is covered.
NEM efficiency & capital use Working capital cycle and where the cash goes.
NEM valuation history
NEM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NEM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NEM cash returned to shareholders
NEM price vs earnings per share
NEM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $110.63B | $42.73B | $34.81B | $37.52B | $49.68B | $48.27B | $32.02B | $18.54B | $20.07B | $18.10B |
| Enterprise value | $108.10B | $48.06B | $41.22B | $39.90B | $50.91B | $49.14B | $36.45B | $19.35B | $20.82B | $19.91B |
| P/E ratio | 15.6 | 12.8 | — | — | 42.6 | 17.1 | 11.4 | 54.4 | — | — |
| Price / sales | 4.9 | 2.3 | 3.0 | 3.1 | 4.1 | 4.2 | 3.3 | 2.6 | 2.7 | 2.7 |
| Price / book | 3.3 | 1.4 | 1.2 | 1.9 | 2.3 | 2.1 | 1.5 | 1.8 | 1.9 | 1.7 |
| Price / free cash flow | 15.2 | 14.4 | 358.9 | 34.5 | 18.9 | 13.5 | 22.8 | 23.3 | 16.0 | 11.0 |
| Price / operating cash flow | 10.7 | 6.7 | 12.6 | 11.7 | 11.6 | 9.9 | 11.2 | 10.1 | 9.5 | 6.5 |
| EV / sales | 4.8 | 2.6 | 3.5 | 3.3 | 4.2 | 4.3 | 3.7 | 2.7 | 2.8 | 3.0 |
| EV / EBITDA | 7.7 | 6.4 | 126.8 | 16.9 | 9.2 | 8.1 | 5.8 | 8.4 | 7.6 | 14.0 |
| EV / free cash flow | 14.8 | 16.2 | 424.9 | 36.6 | 19.4 | 13.7 | 26.0 | 24.3 | 16.5 | 12.0 |
| Earnings yield | 6.4% | 7.8% | −7.2% | −1.2% | 2.3% | 5.9% | 8.8% | 1.8% | −0.6% | −0.1% |
| Free cash flow yield | 6.6% | 6.9% | 0.3% | 2.9% | 5.3% | 7.4% | 4.4% | 4.3% | 6.3% | 9.1% |
| Dividend yield | 1.0% | 2.7% | 4.1% | 4.7% | 3.5% | 1.7% | 2.8% | 1.6% | 0.7% | 0.4% |
| Shareholder yield (dividends + buybacks) | 3.1% | 5.6% | 4.1% | 4.9% | 4.6% | 2.8% | 4.3% | 2.2% | 0.7% | 0.4% |
| Share price at fiscal year-end | $99.85 | $37.22 | $41.39 | $47.20 | $62.02 | $59.89 | $43.45 | $34.65 | $37.52 | $34.07 |
| Per share | ||||||||||
| Revenue per share | $20.46 | $16.16 | $14.00 | $15.03 | $15.22 | $14.17 | $13.20 | $13.57 | $13.75 | $12.60 |
| Earnings per share | $6.39 | $2.92 | −$3.00 | −$0.58 | $1.46 | $3.51 | $3.81 | $0.64 | −$0.21 | −$0.05 |
| Operating cash flow per share | $9.33 | $5.54 | $3.29 | $4.05 | $5.34 | $6.06 | $3.89 | $3.41 | $3.97 | $5.24 |
| Free cash flow per share | $6.59 | $2.58 | $0.12 | $1.37 | $3.28 | $4.44 | $1.90 | $1.49 | $2.35 | $3.11 |
| Cash per share | $7.44 | $3.17 | $3.60 | $4.73 | $6.33 | $7.23 | $3.36 | $6.44 | $6.21 | $5.29 |
| Book value per share | $30.57 | $26.07 | $34.51 | $24.34 | $27.49 | $28.55 | $29.06 | $19.63 | $19.69 | $20.18 |
| Tangible book value per share | $28.17 | $23.75 | $30.95 | $21.87 | $24.03 | $25.11 | $25.44 | $19.52 | $19.69 | $20.18 |
| Dividends per share | $1.00 | $1.00 | $1.68 | $2.20 | $2.19 | $1.03 | $1.21 | $0.56 | $0.25 | $0.13 |
| Capex per share | $2.74 | $2.96 | $3.17 | $2.68 | $2.06 | $1.62 | $1.99 | $1.93 | $1.62 | $2.13 |
| Debt per share | $5.16 | $7.82 | $11.22 | $7.71 | $7.87 | $8.32 | $9.37 | $7.96 | $7.60 | $8.69 |
| Shares outstanding | 1.11B | 1.15B | 841.0M | 795.0M | 801.0M | 806.0M | 737.0M | 535.0M | 535.0M | 531.4M |
| Change in shares outstanding | −3.5% | +36.5% | +5.8% | −0.7% | −0.6% | +9.4% | +37.8% | 0.0% | +0.7% | +3.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.2% | 11.4% | −10.4% | −2.2% | 5.2% | 12.7% | 17.6% | 3.2% | −1.1% | −0.2% |
| Return on invested capital (ROIC) | 20.2% | 11.4% | 1.8% | 3.6% | 4.1% | 9.4% | 6.4% | 5.2% | 5.2% | 5.4% |
| Return on assets (ROA) | 12.5% | 6.0% | −5.4% | −1.2% | 2.8% | 7.0% | 9.2% | 1.6% | −0.5% | −0.1% |
| Return on tangible assets | 13.0% | 6.2% | −4.8% | −1.3% | 3.1% | 7.3% | 7.5% | 1.7% | −0.6% | −0.1% |
| Free cash flow margin | 32.2% | 16.0% | 0.8% | 9.1% | 21.5% | 31.4% | 14.4% | 10.9% | 17.1% | 24.7% |
| Income quality (OCF / net income) | 1.46 | 1.90 | — | — | 3.67 | 1.73 | 1.02 | 5.36 | — | — |
| Financial health | ||||||||||
| Total debt | $5.71B | $8.97B | $9.44B | $6.13B | $6.30B | $6.70B | $6.91B | $4.26B | $4.07B | $4.62B |
| Cash & short-term investments | $8.24B | $3.64B | $3.02B | $3.76B | $5.07B | $5.83B | $2.48B | $3.44B | $3.32B | $2.81B |
| Net debt | −$2.53B | $5.33B | $6.41B | $2.38B | $1.23B | $872.0M | $4.43B | $816.0M | $744.0M | $1.80B |
| Debt / equity | 0.17 | 0.30 | 0.33 | 0.32 | 0.29 | 0.29 | 0.32 | 0.41 | 0.39 | 0.43 |
| Debt / assets | 0.10 | 0.16 | 0.17 | 0.16 | 0.16 | 0.16 | 0.17 | 0.21 | 0.20 | 0.22 |
| Net debt / EBITDA | −0.18 | 0.71 | 19.73 | 1.01 | 0.22 | 0.14 | 0.71 | 0.35 | 0.27 | 1.27 |
| Current ratio | 2.29 | 1.63 | 1.25 | 2.23 | 2.90 | 2.52 | 2.63 | 2.95 | 3.62 | 2.67 |
| Quick ratio | 1.82 | 1.34 | 0.81 | 1.63 | 2.23 | 1.99 | 1.86 | 2.21 | 2.65 | 1.88 |
| Interest coverage | 48.1 | 14.9 | 2.6 | 7.1 | 7.2 | 10.2 | 4.9 | 6.0 | 5.4 | 3.9 |
| Working capital | $7.35B | $4.73B | $1.51B | $3.59B | $5.04B | $5.14B | $3.89B | $3.49B | $3.67B | $2.93B |
| Invested capital | $31.34B | $35.26B | $35.44B | $21.73B | $23.25B | $23.88B | $25.85B | $11.32B | $11.28B | $12.52B |
| Tangible asset value | $31.38B | $27.45B | $26.20B | $17.56B | $19.09B | $21.11B | $19.74B | $11.45B | $11.52B | $11.87B |
| Net current asset value | −$10.01B | −$13.96B | −$18.79B | −$12.43B | −$11.01B | −$8.98B | −$11.29B | −$3.93B | −$4.06B | −$4.48B |
| Graham number | $66.31 | $41.36 | — | — | $30.01 | $47.48 | $49.89 | $16.78 | — | — |
| Graham net-net per share | −$10.99 | −$18.05 | −$25.01 | −$17.36 | −$15.58 | −$12.94 | −$18.84 | −$9.04 | −$9.25 | −$10.16 |
| Capital allocation | ||||||||||
| Dividends paid | $1.11B | $1.15B | $1.42B | $1.75B | $1.76B | $834.0M | $889.0M | $301.0M | $134.0M | $67.0M |
| Share buybacks (net) | $2.30B | $1.25B | $25.0M | $74.0M | $525.0M | $521.0M | $479.0M | $98.0M | $14.0M | $5.0M |
| Dividend payout ratio | 15.6% | 34.2% | — | — | 150.7% | 29.5% | 31.7% | 88.3% | — | — |
| Dividends + buybacks / free cash flow | 46.7% | 80.7% | — | 167.1% | 86.9% | 37.8% | 97.5% | 50.2% | 11.8% | 4.4% |
| Capex / revenue | 13.4% | 18.3% | 22.6% | 17.8% | 13.6% | 11.4% | 15.0% | 14.2% | 11.8% | 16.9% |
| Capex / operating cash flow | 29.4% | 53.5% | 96.5% | 66.2% | 38.6% | 26.7% | 51.0% | 56.5% | 40.8% | 40.7% |
| Capex / depreciation | 1.20 | 1.32 | 1.26 | 0.98 | 0.71 | 0.57 | 0.75 | 0.85 | 0.69 | 0.93 |
| Stock-based compensation / revenue | 0.4% | 0.5% | 0.7% | 0.6% | 0.6% | 0.6% | 1.0% | 1.0% | 1.0% | 1.0% |
| R&D / revenue | 0.7% | 1.1% | 1.7% | 1.9% | 1.3% | 1.1% | 1.5% | 2.1% | 1.9% | 2.0% |
| SG&A / revenue | 1.7% | 2.4% | 2.5% | 2.3% | 2.1% | 2.4% | 3.2% | 3.4% | 3.2% | 3.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 22.5 | 22.5 | 29.7 | 15.7 | 11.8 | 13.1 | 13.5 | 14.7 | 14.4 | 15.2 |
| Days of inventory on hand | 83.9 | 72.6 | 75.6 | 65.9 | 66.5 | 83.9 | 74.7 | 86.3 | 87.2 | 101.3 |
| Days payables outstanding | 28.5 | 27.1 | 27.4 | 21.4 | 18.8 | 23.9 | 19.9 | 21.8 | 22.2 | 21.5 |
| Cash conversion cycle (days) | 77.9 | 67.9 | 77.9 | 60.2 | 59.5 | 73.1 | 68.2 | 79.1 | 79.5 | 95.0 |
| Receivables turnover | 16.19 | 16.26 | 12.28 | 23.27 | 31.02 | 27.78 | 27.05 | 24.91 | 25.36 | 23.99 |
| Payables turnover | 12.79 | 13.46 | 13.31 | 17.04 | 19.41 | 15.25 | 18.30 | 16.74 | 16.46 | 16.94 |
| Inventory turnover | 4.35 | 5.03 | 4.83 | 5.54 | 5.49 | 4.35 | 4.89 | 4.23 | 4.18 | 3.60 |
| Asset turnover | 0.40 | 0.33 | 0.25 | 0.30 | 0.30 | 0.28 | 0.32 | 0.35 | 0.35 | 0.29 |
| Average receivables | $1.40B | $1.14B | $958.5M | $513.5M | $393.0M | $411.0M | $359.5M | $291.5M | $290.0M | $279.0M |
| Average payables | $829.5M | $901.5M | $796.5M | $575.5M | $505.5M | $516.0M | $421.0M | $339.0M | $347.5M | $317.5M |
| Average inventory | $2.44B | $2.41B | $2.20B | $1.77B | $1.79B | $1.81B | $1.58B | $1.34B | $1.37B | $1.49B |
| Intangibles / total assets | 4.7% | 4.7% | 5.4% | 5.1% | 6.8% | 6.7% | 6.7% | 0.3% | 0.0% | 0.0% |
Computed from NEM's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NEM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Newmont traded at 15.6 times earnings, against a 10-year median of 16.3. Based on the latest twelve months, the trailing P/E is 15.0 and the forward P/E is 11.6. Newmont earned a return on equity of 22.2% and a return on invested capital of 20.2% in fiscal 2025. It ended the year with $5.7 billion of debt and $8.2 billion in cash and short-term investments, a net cash position of $2.5 billion. It returned $3.4 billion to shareholders: $1.1 billion in dividends and $2.3 billion in share buybacks, 47% of free cash flow. The share count rose 108.5% from 531.4M to 1.11B over 9 years.
See the NEM income statement, the NEM chart for price history, or the NEM stock overview for the latest quote and news.
NEM key metrics FAQ
What is Newmont's P/E ratio?
Newmont's trailing P/E ratio is 15.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.6. At the end of fiscal 2025 it was 15.6, compared with a 10-year median of 16.3.
What is Newmont's EV/EBITDA?
Newmont's enterprise value was 7.7 times EBITDA at the end of fiscal 2025 (enterprise value $108.1 billion, EBITDA $14.1 billion); the current EV/EBITDA is 8.1.
What is Newmont's return on equity?
Newmont's return on equity (ROE) was 22.2% in fiscal 2025: net income of $7.1 billion on average shareholders' equity of $31.9 billion.
What is Newmont's ROIC?
Newmont's return on invested capital was 20.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Newmont have?
Newmont had total debt of $5.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.17 and more cash than debt.
What is Newmont's dividend yield?
Newmont's forward dividend yield is 0.88%. Newmont paid $1.1 billion in dividends in fiscal 2025 ($1.00 per share), a payout ratio of 15.6%.
Does Newmont buy back its shares?
Yes. Newmont spent $2.3 billion on net share repurchases in fiscal 2025 Shares outstanding changed −3.5% over the year, to 1.11B..
What is Newmont's free cash flow yield?
Newmont generated $7.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 6.6% on its market value at year-end ($110.6 billion).
What is Newmont's current ratio?
Newmont's current ratio was 2.29 at the end of fiscal 2025: current assets were 2.29 times current liabilities.