How Newmont (NEM) Makes Money: A Visual Guide

Newmont (NEM) generated $22.10B in revenue (TTM through Q4 2025), earning $7.08B in net profit (32.1% margin). Its largest revenue source is Gold Dore (63.2% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Newmont (NEM) Income Statement Flow

Frequently asked questions

How does Newmont (NEM) make money?

Newmont (NEM) primarily makes money through Gold Dore, which accounts for 63.2% of total revenue. For TTM through Q4 2025, Newmont generated $22.10B in total revenue with a net profit margin of 32.1%.

What is Newmont (NEM) gross profit margin?

Newmont (NEM) reported a gross profit margin of 49.8% for TTM through Q4 2025, equivalent to $11.00B in gross profit. This means Newmont retains 49.8% of each revenue unit after direct costs of production.

What is Newmont (NEM) operating profit margin?

Newmont (NEM) reported an operating profit margin of 46.9% for TTM through Q4 2025, equivalent to $10.35B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Newmont (NEM) net profit margin?

Newmont (NEM) reported a net profit margin of 32.1% for TTM through Q4 2025, equivalent to $7.08B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Newmont (NEM) invest in R&D?

Newmont (NEM) invested $166.00M in research and development in TTM through Q4 2025 (0.8% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Newmont (NEM) spend on capital expenditures?

Newmont (NEM) spent $4.45B on capital expenditures in TTM through Q4 2025 (20.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Newmont (NEM) free cash flow?

Newmont (NEM) generated $10.33B in free cash flow for TTM through Q4 2025 (46.8% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Newmont (NEM) effective tax rate?

Newmont (NEM) had an effective tax rate of 39.1% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.