Newmont (NEM) stock
Materials · Gold
Newmont (NEM) is a Gold company in the Materials sector, headquartered in Denver, Colorado. As of October 23, 2026, NEM closed at $108.87, a market capitalization of $113.14 billion, the 110th largest company in the S&P 500. Over the last twelve months it generated $26.61 billion in revenue (+15% year over year) and $9.73 billion in free cash flow. The stock trades at 12.6x trailing earnings and 10.8x forward earnings.
- 1-year total return: +23.6% (dividends reinvested)
- 5-year return: +16.7% a year
- 52-week range: $76.05 – $135.29
- Gross margin 68.0%, operating margin 50.0%
- Dividend yield: 0.96%
- FI Handbook report card: B across 10 metrics
- 2nd largest of 24 Materials stocks in the S&P 500
NEM price chart
1Y price change: +22.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| NEM | -11.9% | +9.7% | +23.6% | +44.2% | +16.7% | +14.4% | +6.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
NEM key statistics
- Market cap
- $113.1B
- #110 in S&P 500
- P/E (TTM)
- 12.6x
- Forward P/E
- 10.8x
- EPS (TTM)
- $8.62
- Revenue (TTM)
- $26.6B
- +15%
- Free cash flow
- $9.7B
- Gross margin
- 68.0%
- Operating margin
- 50.0%
- Return on equity
- 27.3%
- Dividend yield
- 0.96%
- 52-week range
- $76.05 – $135.29
- Beta
- 0.53
- Price / sales
- 4.3x
- EV / EBITDA
- 6.2x
- Debt / equity
- 0.16x
- Employees
- 17,500
NEM report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth15.2%B
- Gross margin68.0%A
- Operating margin50.0%A
- FCF margin36.6%A
- Return on equity27.3%A
- Net debt / EBITDA-0.2xA
- Forward P/E10.8xA
- PEG ratio2.8xD
- Shareholder yield3.0%C
- Share count change / yr6.6%F
Newmont financials
Revenue went from $6.7B in fiscal 2016 to $22.7B in fiscal 2025, growing 14.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.7B | $7.4B | $7.3B | $9.7B | $11.5B | $12.2B | $11.9B | $11.8B | $18.7B | $22.7B |
| Net income | -$629.0M | -$114.0M | $341.0M | $2.8B | $2.8B | $1.2B | -$429.0M | -$2.5B | $3.3B | $7.1B |
| EPS (diluted) | $-1.18 | $-0.21 | $0.64 | $3.81 | $3.51 | $1.46 | $-0.54 | $-2.97 | $2.92 | $6.39 |
| Free cash flow | $1.7B | $1.3B | $795.0M | $1.4B | $3.6B | $2.6B | $1.1B | $97.0M | $3.0B | $7.3B |
| Buybacks | — | — | $98.0M | $479.0M | $521.0M | $525.0M | $0 | $0 | $1.2B | $2.3B |
| Dividends paid | $67.0M | $134.0M | $301.0M | $889.0M | $834.0M | $1.8B | $1.7B | $1.4B | $1.1B | $1.1B |
| Diluted shares | 532.0M | 535.0M | 535.0M | 737.0M | 806.0M | 801.0M | 795.0M | 841.0M | 1.1B | 1.1B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into NEM?
A reverse DCF asks what growth the current price requires. With an enterprise value of $109.9B and $9.7B of trailing free cash flow, Newmont needs to grow free cash flow about -3.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 15.3% a year over the last five years.
P/E ratio history
Current 17.0x vs. median 19.6x (10th–90th percentile 10.1x–73.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
NEM dividend
- Dividend yield
- 0.96%
- Annual dividend
- $1.04
- Years of increases
- —
- 5-yr dividend growth
- 9.3%
- per year
- Payout ratio
- 12%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
NEM earnings
Next report: February 18, 2027. Newmont has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $1.95 | $2.20 | +13.0% |
| Jul 23, 2026 | $1.99 | $2.10 | +5.7% |
| Apr 23, 2026 | $2.17 | $2.90 | +33.5% |
| Feb 19, 2026 | $2.03 | $2.52 | +24.3% |
| Oct 23, 2025 | $1.44 | $1.71 | +18.8% |
| Jul 24, 2025 | $1.16 | $1.43 | +22.9% |
| Apr 23, 2025 | $0.91 | $1.25 | +37.1% |
| Feb 20, 2025 | $1.03 | $1.40 | +35.8% |
Stocks like NEM
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 LIN Linde | -0.30% | +15% | $234.6B | 32.8x | Compare |
 FCX Freeport-McMoRan | +0.91% | +60% | $93.6B | 32.1x | Compare |
 SHW Sherwin-Williams | -2.48% | +3% | $81.8B | 31.1x | Compare |
 ECL Ecolab | -1.29% | +6% | $80.9B | 38.7x | Compare |
 APD Air Products and Chemicals | -0.35% | +24% | $68.4B | — | Compare |
 NUE Nucor | +0.02% | +89% | $58.6B | 20.6x | Compare |
 CRH CRH | -1.78% | -27% | $56.5B | 15.0x | Compare |
 MLM Martin Marietta Materials | -2.03% | -18% | $36.0B | 33.0x | Compare |
NEM news
- Newmont And 2 Other Great Undervalued Stocks · Oct 24, 2026
- Newmont Sinks 4%4 Despite Record Third-Quarter Profit as Gold Slides Back Toward $4,000 · Oct 23, 2026
- NEM Q3 Earnings Beat Estimates on Higher Gold Prices, Strong Sales · Oct 23, 2026
- Newmont: 3 Key Takeaways for Long-Term Investors · Oct 23, 2026
- Newmont (NEM) Q3 2026 Earnings Call Transcript · Oct 23, 2026
NEM stock FAQ
What is NEM's market cap?
Newmont's market capitalization is $113.14 billion as of October 23, 2026, ranking 110th in the S&P 500.
What is NEM's P/E ratio?
NEM trades at a trailing price-to-earnings ratio of 12.6x and a forward P/E of 10.8x. Its median P/E over the period we track is 19.6x.
Does NEM pay a dividend?
Yes. Newmont pays $1.04 per share a year, a 0.96% yield. Dividends grew 9.3% a year over the last five years.
How much has NEM stock returned?
Including reinvested dividends, NEM returned +23.6% over one year, +16.7% a year over five years, +14.4% a year over ten years through October 23, 2026.
Is NEM stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Newmont must grow free cash flow about -3% a year for the next decade. Its free cash flow grew 15% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does NEM report earnings?
Newmont is expected to report earnings on February 18, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does Newmont have?
Newmont has about 17,500 full-time employees, or $1.5 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology