Newmont (NEM) Return on Capital Employed [ROCE] (2009 - 2026)
Newmont's Return on Capital Employed [ROCE] came in at 10.69% for Q3 2026, up 7.87 percentage points from 2.82% a year earlier and up 0.76 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 Q3 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] in data going back to Q1 2009.
- Year-over-year, Return on Capital Employed [ROCE] has increased for eight consecutive quarters, with an average year-over-year change of +14.00 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 9.92% (Q2 2026), 10.15% (Q1 2026) and 5.73% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 16.32% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 45.35% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 10.69% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 7.47% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 26.02% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 13.78% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 20.05% |
| 10 | ArcelorMittal | 49.98 Bn | 33.48 Bn | - | 2.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.69% |
| 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 | -0.65% |
| Dec 31, 2024 | -4.47% |
| Sep 30, 2024 | -13.85% |
| Jun 30, 2024 | -10.83% |
| Mar 31, 2024 | -15.44% |
| Dec 31, 2023 | -17.11% |
| Sep 30, 2023 | -14.39% |
| Jun 30, 2023 | -14.10% |
| Mar 31, 2023 | -14.03% |
| Dec 31, 2022 | -13.00% |
| Sep 30, 2022 | -9.76% |
| Jun 30, 2022 | -14.11% |
| Mar 31, 2022 | -11.69% |
| Dec 31, 2021 | -11.12% |
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();