Newmont (NEM) Return on Capital Employed [ROCE] (2009 - 2026)
Newmont's Return on Capital Employed [ROCE] came in at 9.92% for Q2 2026, up 10.72 percentage points from -0.80% a year earlier but down 0.22 percentage points from the prior quarter.
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Analysis
Newmont (NEM) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Newmont's Return on Capital Employed [ROCE] was 5.64%, up 14.80 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +11.56 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was -9.17% in FY2024 (+11.32 pp), -20.49% in FY2023 (-3.37 pp), -17.12% in FY2022 (-6.21 pp) and -10.91% in FY2021 (-4.99 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is -20.59% (Q4 2023) to 10.15% (Q1 2026).
- Year-over-year, Return on Capital Employed [ROCE] has increased for seven consecutive quarters, with an average year-over-year change of +13.01 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q3 2025 (a gain of 21.23 percentage points), and the weakest in Q2 2022 (a drop of 10.39 percentage points).
- Business Quant data shows NEM's Return on Capital Employed [ROCE] at 10.15% (Q1 2026), 5.73% (Q4 2025) and 2.82% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | 42.99% |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 9.92% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 7.19% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 13.20% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 42.05% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 23.46% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 13.42% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.51% |
| 10 | AngloGold Ashanti | 47.94 Bn | 37.61 Bn | 1.70 Bn | 26.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.92% |
| Mar 31, 2026 | 10.15% |
| Dec 31, 2025 | 5.73% |
| Sep 30, 2025 | 2.82% |
| Jun 30, 2025 | -0.80% |
| Mar 31, 2025 | -5.12% |
| Dec 31, 2024 | -9.11% |
| Sep 30, 2024 | -18.41% |
| Jun 30, 2024 | -18.22% |
| Mar 31, 2024 | -18.28% |
| Dec 31, 2023 | -20.59% |
| Sep 30, 2023 | -18.41% |
| Jun 30, 2023 | -18.60% |
| Mar 31, 2023 | -18.52% |
| Dec 31, 2022 | -17.46% |
| Sep 30, 2022 | -14.07% |
| Jun 30, 2022 | -14.11% |
| Mar 31, 2022 | -11.69% |
| Dec 31, 2021 | -11.12% |
| Sep 30, 2021 | -6.53% |
API Access
Newmont Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();