Newmont (NEM) Return on Invested Capital [ROIC] (2009 - 2026)
Newmont (NEM) reported Return on Invested Capital [ROIC] of 7.86% for Q2 2026, up 8.57 percentage points from -0.71% a year earlier but down 0.13 percentage points from the prior quarter.
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Analysis
Newmont (NEM) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Newmont posted Return on Invested Capital [ROIC] of 4.40%, up 12.44 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +10.27 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at -8.04% in FY2024 (+18.55 pp), -26.59% in FY2023 (-2.75 pp), -23.84% in FY2022 (-23.70 pp) and -0.13% in FY2021 (+5.74 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of -26.70% in Q4 2023 and a high of 7.99% in Q1 2026.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last ten quarters, with an average year-over-year change of +15.41 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2025 (a gain of 26.23 percentage points); the low point was Q2 2023 (a drop of 26.40 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.99% (Q1 2026), 4.40% (Q4 2025) and 2.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | AngloGold Ashanti | 47.94 Bn | 37.61 Bn | 1.70 Bn | 29.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.86% |
| Mar 31, 2026 | 7.99% |
| Dec 31, 2025 | 4.40% |
| Sep 30, 2025 | 2.45% |
| Jun 30, 2025 | -0.71% |
| Mar 31, 2025 | -4.88% |
| Dec 31, 2024 | -8.00% |
| Sep 30, 2024 | -23.77% |
| Jun 30, 2024 | -23.78% |
| Mar 31, 2024 | -23.99% |
| Dec 31, 2023 | -26.70% |
| Sep 30, 2023 | -26.08% |
| Jun 30, 2023 | -26.40% |
| Mar 31, 2023 | -26.30% |
| Dec 31, 2022 | -24.06% |
| Sep 30, 2022 | -4.25% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | -0.13% |
| Sep 30, 2021 | -4.92% |
API Access
Newmont Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=NEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=NEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();