Newmont (NEM) Net Margin (2009 - 2026)
Newmont's Net Margin came in at 38.90% for Q3 2026, up 5.73 percentage points from 33.16% a year earlier and up 2.90 percentage points from the prior quarter.
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Analysis
Newmont (NEM) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Newmont reported Net Margin of 34.73%, up 1.31 percentage points year-over-year; for FY2025, it was 31.25%, up 13.33 percentage points from FY2024.
- Net Margin carries a five-year change of +6.65 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 17.92% in FY2024 (+39.04 pp), -21.11% in FY2023 (-17.51 pp), -3.60% in FY2022 (-13.14 pp) and 9.54% in FY2021 (-15.07 pp).
- The five-year range for quarterly Net Margin is -79.81% (Q4 2023) to 44.64% (Q1 2026).
- Year-over-year, Net Margin increased in six of the last eight quarters, with an average year-over-year change of +21.85 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2024 (a gain of 104.63 percentage points), and the weakest in Q4 2022 (a drop of 44.80 percentage points).
- Business Quant data shows NEM's Net Margin at 35.99% (Q2 2026), 44.64% (Q1 2026) and 19.08% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 145.92 Bn | 120.65 Bn | 3.10 Bn | 38.36% |
| 3 | Rio Tinto | 140.14 Bn | 100.96 Bn | - | - |
| 4 | Newmont | 131.37 Bn | 96.51 Bn | 4.22 Bn | 38.90% |
| 5 | Agnico Eagle Mines | 100.55 Bn | 87.50 Bn | 2.15 Bn | 37.75% |
| 6 | Ternium | 100.28 Bn | 68.54 Bn | 1.04 Bn | 6.02% |
| 7 | Freeport-Mcmoran | 89.65 Bn | 73.69 Bn | 2.19 Bn | 14.00% |
| 8 | Barrick Mining | 72.40 Bn | 47.60 Bn | 2.90 Bn | 23.00% |
| 9 | Nucor | 57.01 Bn | 46.40 Bn | 2.03 Bn | 11.12% |
| 10 | AngloGold Ashanti | 50.36 Bn | 37.67 Bn | 1.30 Bn | 30.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.90% |
| Jun 30, 2026 | 35.99% |
| Mar 31, 2026 | 44.64% |
| Dec 31, 2025 | 19.08% |
| Sep 30, 2025 | 33.16% |
| Jun 30, 2025 | 38.76% |
| Mar 31, 2025 | 37.74% |
| Dec 31, 2024 | 24.82% |
| Sep 30, 2024 | 20.02% |
| Jun 30, 2024 | 19.38% |
| Mar 31, 2024 | 4.23% |
| Dec 31, 2023 | -79.81% |
| Sep 30, 2023 | 6.34% |
| Jun 30, 2023 | 5.78% |
| Mar 31, 2023 | 13.10% |
| Dec 31, 2022 | -46.16% |
| Sep 30, 2022 | 8.09% |
| Jun 30, 2022 | 12.66% |
| Mar 31, 2022 | 14.82% |
| Dec 31, 2021 | -1.36% |
API Access
Newmont Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=NEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "NEM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=NEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();