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Newmont Corp.
NEMMaterialsGenerated Jul 5, 2026, 08:13 PM UTC
NEM (Newmont Corp.) analytical snapshot. Return on equity -8.33%, ROA -4.49%, ROIC -7.19%. Net income down ▼ +481.4% YoY. Debt/equity 0.15, current ratio 2.44, net debt -$3.70B. Market cap $103.60B at $97.04 per share. FCF DCF intrinsic value ≈ $1.56 → implied downside +98.4%. DCF assumptions: Base FCF $97.0M; Stage-1 growth 8.00% for 5y; Terminal growth 2.50%; Discount rate 10.00%. Risk: Low. Macro: Risk-on · Supportive. Composite analytical score -34 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$103.60B
1.07B shares
Price
$97.04
NYQ
P/E (ttm)
—
Revenue (FY)
—
Net margin
—
Free cash flow
$97.0M
Risk level
Low
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -5Stable
80% conf
Return on equity -8.33%, ROA -4.49%, ROIC -7.19%. Net income down ▼ +481.4% YoY. Debt/equity 0.15, current ratio 2.44, net debt -$3.70B.
- Return on equity -8.33%, ROA -4.49%, ROIC -7.19%.
- Net income down ▼ +481.4% YoY.
- Debt/equity 0.15, current ratio 2.44, net debt -$3.70B.
Revenue (FY)
—
Net margin
—
ROE
-8.33%
ROA -4.49%
ROIC
-7.19%
EPS (diluted)
$-2.97
FY2025
Free cash flow
$97.0M
Debt / equity
0.15
Cash $8.78B
Current ratio
2.44
Equity $34.93B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | $6.82B | — | 7.04 | 9.53 | 7.45 | $398.0M | 4.48 |
| 2017 | — | — | — | — | — | $834.0M | 1.93 |
| 2018 | — | — | — | — | — | $1.65B | -5.97 |
| 2019 | — | — | — | — | — | $1.26B | -1.09 |
| 2020 | — | — | — | — | — | $795.0M | 1.59 |
| 2021 | — | — | — | — | — | $1.40B | 12.19 |
| 2022 | — | — | — | — | — | $3.58B | 12.85 |
| 2023 | — | — | — | — | — | $2.63B | 6.02 |
| 2024 | — | — | — | — | — | $1.09B | -1.48 |
| 2025 | — | — | — | — | — | $97.0M | -8.33 |
Revenue (annual, SEC 10-K)
2016: 6,819
2017: 0
2018: 0
2019: 0
2020: 0
2021: 0
2022: 0
2023: 0
2024: 0
2025: 0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 398
2017: 834
2018: 1,653
2019: 1,258
2020: 795
2021: 1,403
2022: 3,580
2023: 2,626
2024: 1,089
2025: 97
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score -25Deteriorating
80% conf
Latest annual report (10-K) filed Feb 19, 2026. Latest quarterly report (10-Q) filed Apr 23, 2026. 9 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 19, 2026.
- Latest quarterly report (10-Q) filed Apr 23, 2026.
- 9 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 2 sell transactions — net selling $724.8K.
- 16 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 19, 2026
Annual report
Latest 10-Q
Apr 23, 2026
8-K (recent)
9
Insider net
-$724.8K
0B/2S
13F filers
—
Activist 13D
0
Recent insider Form 4 activity
| Insider | Date | Net | Buys/Sells |
|---|---|---|---|
| Viljoen Natascha | Jun 3, 2026 | -$408.9K | 0/1 |
| Toth Peter | Jun 3, 2026 | -$316.0K | 0/1 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 15, 2026 | 8-K | FORM 8-K |
| May 13, 2026 | 8-K | FORM 8-K |
| Apr 28, 2026 | 8-K | FORM 8-K |
| Apr 23, 2026 | 8-K | 8-K |
| Feb 19, 2026 | 8-K | 8-K |
| Oct 23, 2025 | 8-K | 8-K |
| Sep 29, 2025 | 8-K | FORM 8-K |
| Jul 24, 2025 | 8-K | 8-K |
Insider Form 4 sentiment (transactions)
Buys: 0
Sells: 2
Buys
Sells
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -83Deteriorating
70% conf
6 risk signal(s) detected from XBRL filing diff analysis. Revenue grew -19.0% but receivables grew +43.9% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew +43.9% YoY vs revenue growth of -19.0%. The +62.8% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Free cash flow deteriorating: FCF declined +91.1% YoY (from $1.09B to $97.0M). With OCF at $2.76B and capex at $2.67B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 66 filing(s).
- NEW: Material weakness in internal controls in latest filing: The term "material weakness" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 21 filing(s).
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
- NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 18 filing(s).
- Endogenous analysis: Revenue grew -19.0% but receivables grew +43.9% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- Endogenous analysis: The combination of explicit "going concern" language in the filing with deteriorating cash flow or rising leverage is a severe warning signal — the company's own auditors have flagged doubt about the ability to continue as a going concern.
- 20 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 4 new risk-language term(s) detected in filing text: Going concern doubt, Material weakness in internal controls, Substantial doubt about ability to continue, Restatement of financial statements.
Revenue
$6.82B
-19.0% YoY
Gross profit
$459.0M
+13.6% YoY
Operating income
$-2.52B
-449.2% YoY
Net income
$-2.49B
-481.4% YoY
Operating cash flow
$2.76B
-14.2% YoY
Capex
$2.67B
+25.1% YoY
Total assets
$55.51B
+44.2% YoY
Total liabilities
$26.24B
-0.2% YoY
Filing quality score
80/100
20 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $8.41B | $6.82B | $-1.59B | -19.0% |
| Gross profit | $404.0M | $459.0M | $55.0M | +13.6% |
| Operating income | $-459.0M | $-2.52B | $-2.06B | -449.2% |
| Net income | $-429.0M | $-2.49B | $-2.06B | -481.4% |
| Operating cash flow | $3.22B | $2.76B | $-457.0M | -14.2% |
| Capex | $2.13B | $2.67B | $535.0M | +25.1% |
| Total assets | $38.48B | $55.51B | $17.02B | +44.2% |
| Total liabilities | $26.30B | $26.24B | $-61.0M | -0.2% |
| Long-term debt | $8.48B | $5.12B | $-3.36B | -39.7% |
| Cash & equivalents | $2.88B | $3.00B | $125.0M | +4.3% |
| Stockholders equity | $29.03B | $29.93B | $901.0M | +3.1% |
| Inventory | $796.0M | $717.0M | $-79.0M | -9.9% |
| Accounts receivable | $734.0M | $1.06B | $322.0M | +43.9% |
| R&D expense | $229.0M | $200.0M | $-29.0M | -12.7% |
| Interest expense | $120.0M | $279.0M | $159.0M | +132.5% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AccountsReceivableFairValueDisclosure, AssetRetirementObligationLegallyRestrictedAssetsFairValue, AssetRetirementObligationLiabilitiesSettled, AssetsFairValueDisclosure, CashAndCashEquivalentsFairValueDisclosure, DebtInstrumentFairValue, DerivativeFairValueOfDerivativeAsset, DerivativeFairValueOfDerivativeLiability, EquityMethodInvestments, EquityMethodInvestmentsFairValueDisclosure |
| Removed | AccretionExpenseIncludingAssetRetirementObligations, AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses, AccruedPayrollTaxesCurrent, AllocatedShareBasedCompensationExpense, AociLossCashFlowHedgeCumulativeGainLossAfterTax, AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent, BusinessCombinationContingentConsiderationAsset, BusinessCombinationContingentConsiderationLiability, CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations, CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 66 | 0 | NEW |
| Material weakness in internal controls | high | 21 | 0 | NEW |
| Substantial doubt about ability to continue | high | 1 | 0 | NEW |
| Restatement of financial statements | high | 18 | 0 | NEW |
Filing signal breakdown
Red flags: 6
Positive: 0
Watch: 0
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $103.60B at $97.04 per share.
- ProPrice & TechnicalsPrice $97.04 — downtrend (below 200-DMA); 1-month momentum negative.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Low.
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3 sections free · 4 Pro sections locked · composite -34
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Newmont Corp. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewNEM (Newmont Corp.
Risk
Low
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow NEM stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
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