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 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 17.56% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 48.47% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 26.49% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 11.08% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 21.20% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 15.28% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 29.77% |
| 10 | Novagold Resources | 2.73 Bn | 2.28 Bn | - | -22.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -22.91% |
| May 31, 2026 | -16.69% |
| Feb 28, 2026 | -33.03% |
| Nov 30, 2025 | -55.50% |
| Aug 31, 2025 | -52.87% |
| May 31, 2025 | -156.76% |
| Aug 31, 2023 | -1,114.04% |
| May 31, 2023 | -366.46% |
| Feb 28, 2023 | -216.43% |
| Nov 30, 2022 | -153.92% |
| Aug 31, 2022 | -108.32% |
| May 31, 2022 | -78.40% |
| Feb 28, 2022 | -58.06% |
| Nov 30, 2021 | -48.36% |
| Aug 31, 2021 | -38.96% |
| May 31, 2021 | -32.71% |
| Feb 28, 2021 | -30.39% |
| Nov 30, 2020 | -28.82% |
| Aug 31, 2020 | -28.05% |
| May 31, 2020 | -23.84% |
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();