Novagold Resources (NG) Return on Equity [ROE] (2014 - 2026)
Novagold Resources' Return on Equity [ROE] was -20.57% in fiscal Q1 2026 (quarter ended Feb 28, 2026), up 11.87 percentage points from the prior quarter.
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Analysis
Novagold Resources (NG) Return on Equity [ROE] (2014 - 2026) Analysis & Trends
For FY2025 (ended Nov 30, 2025), Return on Equity [ROE] at Novagold Resources came in at -162.68%.
- Return on Equity [ROE] shows a five-year change of -135.05 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Return on Equity [ROE] was -431.40% in FY2023 (-332.73 pp), -98.68% in FY2022 (-55.93 pp) and -42.75% in FY2021 (-15.13 pp).
- The fiscal Q1 2026 figure marks the highest quarterly Return on Equity [ROE] since fiscal Q4 2019.
- The year-over-year drop in Return on Equity [ROE] has ranged between 13.55 percentage points (fiscal Q3 2021) and 994.04 percentage points (fiscal Q3 2023) over the last five years.
- Per Business Quant data, NG's Return on Equity [ROE] in the three fiscal quarters before Q1 2026 was -32.45% (Q4 2025), -29.60% (Q3 2025) and -83.87% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 46.23% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 24.87% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 4.44% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 14.40% |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 21.41% |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 34.97% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 14.21% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 3.26% |
| 10 | Novagold Resources | 2.85 Bn | 2.85 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Feb 28, 2026 | -20.57% |
| Nov 30, 2025 | -32.45% |
| Aug 31, 2025 | -29.60% |
| May 31, 2025 | -83.87% |
| Aug 31, 2023 | -1,100.38% |
| May 31, 2023 | -356.83% |
| Feb 28, 2023 | -211.06% |
| Nov 30, 2022 | -150.82% |
| Aug 31, 2022 | -106.35% |
| May 31, 2022 | -75.75% |
| Feb 28, 2022 | -58.00% |
| Nov 30, 2021 | -49.04% |
| Aug 31, 2021 | -41.98% |
| May 31, 2021 | -39.20% |
| Feb 28, 2021 | -33.86% |
| Nov 30, 2020 | -31.03% |
| Aug 31, 2020 | -28.43% |
| May 31, 2020 | -23.06% |
| Feb 29, 2020 | -20.62% |
| Nov 30, 2019 | -19.46% |
API Access
Novagold Resources Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=NG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=NG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();