Novagold Resources (NG) Return on Assets [ROA] (2014 - 2026)
Novagold Resources (NG) reported Return on Assets [ROA] of -13.09% for fiscal Q1 2026 (quarter ended Feb 28, 2026), up 29.46 percentage points from -42.56% a year earlier and up 3.14 percentage points from the prior quarter.
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Analysis
Novagold Resources (NG) Return on Assets [ROA] (2014 - 2026) Analysis & Trends
For FY2025 (ended Nov 30, 2025), Novagold Resources posted Return on Assets [ROA] of -42.48%, down 5.53 percentage points from FY2024.
- Return on Assets [ROA] has declined for ten consecutive fiscal years, with a five-year change of -27.87 percentage points (FY2020 to FY2025).
- By fiscal year, Return on Assets [ROA] came in at -36.95% in FY2024 (-4.97 pp), -31.98% in FY2023 (-2.16 pp), -29.82% in FY2022 (-10.73 pp) and -19.09% in FY2021 (-4.48 pp).
- The fiscal Q1 2026 figure ranks as the highest quarterly Return on Assets [ROA] since fiscal Q2 2020.
- Year over year, Return on Assets [ROA] has now increased in each of the last four quarters, with an average year-over-year change of +9.48 percentage points over the last eight quarters.
- The high point for year-over-year Return on Assets [ROA] in five years was fiscal Q1 2026 (a gain of 29.46 percentage points); the low point was fiscal Q1 2023 (a drop of 12.83 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2026 came in at -16.23% (Q4 2025), -15.02% (Q3 2025) and -21.22% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 10.74% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 25.64% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 16.30% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 5.53% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 16.05% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 8.30% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 18.30% |
| 10 | Novagold Resources | 2.73 Bn | 2.28 Bn | - | -15.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -15.80% |
| May 31, 2026 | -11.85% |
| Feb 28, 2026 | -21.02% |
| Nov 30, 2025 | -27.77% |
| Aug 31, 2025 | -26.83% |
| May 31, 2025 | -39.67% |
| Feb 28, 2025 | -43.03% |
| Nov 30, 2024 | -41.21% |
| Aug 31, 2024 | -38.26% |
| May 31, 2024 | -36.62% |
| Feb 29, 2024 | -35.67% |
| Nov 30, 2023 | -34.53% |
| Aug 31, 2023 | -35.07% |
| May 31, 2023 | -37.50% |
| Feb 28, 2023 | -35.69% |
| Nov 30, 2022 | -33.44% |
| Aug 31, 2022 | -30.30% |
| May 31, 2022 | -26.51% |
| Feb 28, 2022 | -21.99% |
| Nov 30, 2021 | -19.82% |
API Access
Novagold Resources Return on Assets [ROA] 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-assets-%5Broa%5D&ticker=NG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "NG", "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-assets-%5Broa%5D&ticker=NG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();