Newmont (NEM) Operating Margin (2009 - 2026)
Newmont (NEM) reported Operating Margin of 16.03% for Q3 2026, up 4.72 percentage points from 11.31% a year earlier but down 0.45 percentage points from the prior quarter.
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Analysis
Newmont (NEM) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Newmont's Operating Margin came in at 21.04%, up 14.51 percentage points year-over-year; for FY2025, it came in at 12.69%, up 36.43 percentage points from FY2024.
- Operating Margin has a five-year change of +31.89 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at -23.74% in FY2024 (+47.36 pp), -71.11% in FY2023 (-18.52 pp), -52.58% in FY2022 (-18.40 pp) and -34.18% in FY2021 (-14.98 pp).
- Five-year quarterly Operating Margin spans a low of -129.19% in Q4 2023 and a high of 34.61% in Q1 2026.
- Year over year, Operating Margin gained in seven of the last eight quarters, with an average year-over-year change of +38.13 percentage points.
- The high point for year-over-year Operating Margin in five years was Q4 2024 (a gain of 121.56 percentage points); the low point was Q4 2021 (a drop of 51.03 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 16.48% (Q2 2026), 34.61% (Q1 2026) and 15.27% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 16.60% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 59.94% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 16.03% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 12.44% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 56.01% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 31.18% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 54.41% |
| 10 | ArcelorMittal | 49.98 Bn | 33.48 Bn | - | -0.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.03% |
| Jun 30, 2026 | 16.48% |
| Mar 31, 2026 | 34.61% |
| Dec 31, 2025 | 15.27% |
| Sep 30, 2025 | 11.31% |
| Jun 30, 2025 | 20.07% |
| Mar 31, 2025 | 2.85% |
| Dec 31, 2024 | -7.63% |
| Sep 30, 2024 | -25.67% |
| Jun 30, 2024 | 25.94% |
| Mar 31, 2024 | -42.41% |
| Dec 31, 2023 | -129.19% |
| Sep 30, 2023 | 11.47% |
| Jun 30, 2023 | -43.87% |
| Mar 31, 2023 | -36.47% |
| Dec 31, 2022 | -100.34% |
| Sep 30, 2022 | 13.29% |
| Jun 30, 2022 | -38.19% |
| Mar 31, 2022 | -21.04% |
| Dec 31, 2021 | -63.89% |
API Access
Newmont Operating 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=operating-margin&ticker=NEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();