Newmont (NEM) Return on Invested Capital [ROIC] (2009 - 2026)
Newmont (NEM) reported Return on Invested Capital [ROIC] of 8.59% for Q3 2026, up 6.14 percentage points from 2.45% a year earlier and up 0.74 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).
- The Q3 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2009.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last 11 quarters, with an average year-over-year change of +15.89 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 Q3 2026 came in at 7.86% (Q2 2026), 7.99% (Q1 2026) and 4.40% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 13.71% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 30.10% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 8.59% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 7.61% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 21.64% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 12.32% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 22.01% |
| 10 | ArcelorMittal | 49.98 Bn | 33.48 Bn | - | 2.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.59% |
| 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 | -0.62% |
| Dec 31, 2024 | -3.93% |
| Sep 30, 2024 | -17.88% |
| Jun 30, 2024 | -14.14% |
| Mar 31, 2024 | -20.26% |
| Dec 31, 2023 | -22.19% |
| Sep 30, 2023 | -20.39% |
| Jun 30, 2023 | -20.01% |
| Mar 31, 2023 | -19.93% |
| Dec 31, 2022 | -17.92% |
| Sep 30, 2022 | -2.95% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | -0.13% |
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();