Newmont's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Newmont (NEM) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Newmont vs Its Competitors
- TTM: Trailing 12-month revenue of 26,606M vs 48,463M combined for its competitors (35.4% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-4.3% annualized vs trailing 12 months), vs accelerating (+8.4%) for its tracked peer group.
- Growth: Newmont generated 15.2% revenue growth year over year in Q3 2026, vs 31.4% for its competitors combined.
- Profitability: Its 38.9% net margin compares with 23.7% for the peer group.
- Scale: Newmont ranks #3 of 155 companies by market capitalization in the Metal Mining industry, holding 10.1% of industry market cap.
- Peer revenue share: Newmont accounted for 32.6% of combined revenue among its tracked peer group, down from 35.6% a year earlier.
- Peer differentiation: Revenue per employee of $1.52M compares with $1.13M for the peer group (1.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NEM Sales vs. its Competitors, Q3 2026
Newmont reported revenue growth of 15.19 % year on year in Q3 2026, below its competitors' combined revenue growth of 31.43 %.
With a net margin of 38.90 %, Newmont achieved higher profitability than its competitors (23.66 %).
Newmont generated 32.63 % of the combined sales of its peer group, down from 35.59 % a year earlier.
API endpoints for this dataset
Newmont vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Newmont reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Newmont and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Newmont Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Newmont's competitor groups requires a Commercial License.
For context: the Metal Mining industry grew revenue 21.2% year over year, combined, vs 15.2% for Newmont. Newmont's share of combined industry revenue moved from 2.17% to 2.06%, a loss of 0.11 percentage points.
Newmont's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Newmont Corporation | Yes | Yes | No | No |
| Competitors combined (36) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (7) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 50.00 % (4 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NEM Stock Performance relative to its Competitors
NEM Stock Performance relative to High-Confidence Competitors
NEM Stock Performance relative to Similar-Size Competitors
NEM Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Star Gold Corp | 282.9% | Outperformed |
| 2 | Gold Resource Corp | 282.9% | Outperformed |
| 3 | Augusta Gold Corp | 282.9% | Outperformed |
| 4 | Vista Gold Corp | 282.9% | Outperformed |
| 5 | Royal Gold Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Newmont's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Newmont's Comment on Competition and Industry Peers
Publicly Traded Peers of Newmont Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Newmont Corporation |
127,076.41 | 26,606.00 |
 Southern Copper Corp |
141,674.99 | 17,106.80 |
 Moody s Corporation |
87,632.61 | 8,199.00 |
 Freeport mcmoran Inc |
85,743.06 | 25,868.00 |
 Royal Gold Inc |
22,607.70 | 1,547.06 |
 Coeur Mining Inc |
16,002.57 | 3,171.20 |
| SUBTOTAL | 518,218.06 | 125,460.31 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Newmont Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Newmont's Competitors Named by the Company
Competitive relationships identified from Newmont reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Anglogold Ashanti Plc | Company report | 85% |
| Moody s Corporation | Company report | 85% |
| Mcewen Inc | Company report | 85% |
| Gold Resource Corp | Company report | 85% |
| Contango Silver and Gold Inc | Company report | 85% |
| Freeport mcmoran Inc | Company report | 85% |
| Corvus Gold Inc | Company report | 85% |
| Golden Star Resource Corp | Company report | 85% |
| Royal Gold Inc | Company report | 85% |
| Vista Gold Corp | Company report | 85% |
| International Tower Hill Mines Ltd | Company report | 85% |
| Comstock Inc | Company report | 85% |
| Rise Gold Corp | Company report | 85% |
| Golden Minerals Co | Company report | 85% |
| Paramount Gold Nevada Corp | Company report | 85% |
| Trilogy Metals Inc | Company report | 85% |
| Hecla Mining Company | Company report | 85% |
| Southern Copper Corp | Company report | 85% |
| Coeur Mining Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Newmont's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Newmont's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Southern Copper Corp | Reportable subsegments 100.00 % |
| Moody s Corporation | Rating Revenue 53.14 % |
| Freeport mcmoran Inc | Rod and Refining 33.08 % |
| Royal Gold Inc | Stream interest 66.67 % |
| Alcoa Corp | Aluminum 81.28 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Newmont's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Newmont Corporation | 127,076 | 1,520,343 | 537,200 |
| Southern Copper Corp | 141,675 | 1,029,476 | 383,643 |
| Moody s Corporation | 87,633 | 510,015 | 179,460 |
| Freeport mcmoran Inc | 85,743 | 892,000 | 158,276 |
| Royal Gold Inc | 22,608 | 39,668,103 | 19,097,205 |
| Coeur Mining Inc | 16,003 | 1,210,381 | 324,583 |
| PEERS TOTAL | 391,142 | 1,134,887 | 236,429 |
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Newmont's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Southern Copper Corp | Other European Countries 5.66 % |
| Moody s Corporation | United States 56.06 % |
| Coeur Mining Inc | Canada 36.06 % |
| Ryerson Holding Corporation | US 93.41 % |
| Verde Resources Inc | US 96.41 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Newmont's Position in Industry Market Structure
Market-capitalization share and concentration across all 130 companies in Newmont's industry classification, broader than the peer set above. Market cap in millions of $.Newmont ranks #3 of 130 companies by market capitalization in its industry, holding 10.13 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 733, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Bhp Group Limited | 202,859 | 15.92 % |
| 2 | Southern Copper Corp | 140,154 | 11.00 % |
| 3 | Newmont Corporation | 129,011 | 10.13 % |
| 4 | Rio Tinto Plc | 105,160 | 8.25 % |
| 5 | Agnico Eagle Mines Limited | 1,234 | 5.2% |
| 6 | Freeport mcmoran Inc | 1,234 | 5.2% |
| 7 | Wheaton Precious Metals Corp | 1,234 | 5.2% |
| 8 | Franco nevada Corporation | 1,234 | 5.2% |
| 9 | Anglogold Ashanti Plc | 1,234 | 5.2% |
| 10 | Gold Fields Limited | 1,234 | 5.2% |
Market cap and industry share for the rest of Newmont's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Newmont's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Bhp Group Limited | 202,859 | 42.57 % |
| 2 | Southern Copper Corp | 140,154 | 27.74 % |
| 3 | Newmont Corporation | 129,011 | 46.38 % |
| 4 | Rio Tinto Plc | 1,234 | 12.3% |
| 5 | Agnico Eagle Mines Limited | 1,234 | 12.3% |
| 6 | Freeport mcmoran Inc | 1,234 | 12.3% |
| 7 | Wheaton Precious Metals Corp | 1,234 | 12.3% |
| 8 | Franco nevada Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Newmont's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Newmont's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Metal Mining industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (111 companies). See the full Metal Mining industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 69.20 % | 27.82 % (avg) | +41.4 pp |
| Operating Margin | 52.93 % | industry median | +7.1 pp |
| EBITDA Margin | 62.32 % | 20.79 % (avg) | +41.5 pp |
| Capital Intensity (Capex / Revenue) | 11.37 % | 15.64 % (avg) | -4.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Newmont's Valuation vs Competitive Position
Valuation multiples vs the Metal Mining industry average (111 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Metal Mining industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 13.1x | 24.0x | -10.9x |
| EV / EBITDA | 6.9x | 14.7x | -7.8x |
| P/B | 3.4x | 3.4x | 0.0x |
| Return on Equity | 26.78 % | industry aggregate | 0.10 % |
| Return on Invested Capital | 16.48 % | 6.09 % (avg) | 10.39 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Newmont's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -1.29 % | 34.29 % | 18.04 % | 6.31 % | -2.51 % | -0.86 % | 58.16 % | 21.34 % |
| Operating Margin | 15.86 % | -5.83 % | 20.14 % | 10.26 % | 5.67 % | -9.62 % | 28.02 % | 51.11 % |
| Return on Invested Capital | 3.69 % | -1.10 % | 3.79 % | 2.06 % | 1.16 % | -1.86 % | 6.59 % | 13.89 % |
| P/E | 52.3x | 11.5x | 17.6x | 40.5x | - | - | 15.7x | 14.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Newmont's Strategic Group Map
Newmont is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Newmont's trailing-12-month revenue growth of 23.7% and operating margin of 52.9% compares with an average of 29.2% growth and 46.9% margin across its 8 closest peers by combined growth, margin and ROIC -- Newmont sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Newmont's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Newmont falls in the Question Mark quadrant: relative market share of 0.64x vs its largest competitor, in an industry growing revenue 30.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Newmont's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 733 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 11.37 % vs industry average 15.64 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Newmont's dedicated Suppliers and Customers pages, not here.
Newmont's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Newmont falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Newmont's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 7.1 points above the industry median.
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-4.3% annualized vs trailing 12 months).
Opportunities
- Industry revenue growing at a healthy 30.1% median pace.
- Trades at a lower P/E than the industry average (13.1x vs 24.0x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of competitors (34.30 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Newmont's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Newmont Corporation | 1.56 | 2.43 | 0.15 |
| Southern Copper Corp | 2.19 | 4.40 | 0.60 |
| Moody s Corporation | 0.52 | 1.33 | 2.08 |
| Freeport mcmoran Inc | 0.70 | 2.29 | 0.31 |
| Royal Gold Inc | 1.77 | 3.12 | 0.10 |
| Coeur Mining Inc | 1.65 | 3.07 | 0.00 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Newmont's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Newmont Corporation | Q3 2026 | +15.2 % | +34.3 % |
| Southern Copper Corp | Q3 2026 | +39.1 % | +62.7 % |
| Moody s Corporation | Q3 2026 | +0.8 % | +13.4 % |
| Freeport mcmoran Inc | Q2 2026 | -7.3 % | +80.2 % |
| Royal Gold Inc | Q2 2026 | +114.9 % | +79.3 % |
| Coeur Mining Inc | Q2 2026 | +125.9 % | +72.3 % |
| PEERS TOTAL | +91.8 % | +36.4 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Newmont's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Newmont Corporation | Q3 2026 | +9.8 % | +17.7 % |
| Southern Copper Corp | Q3 2026 | +17.9 % | +47.7 % |
| Moody s Corporation | Q3 2026 | +6.5 % | +0.0 % |
| Freeport mcmoran Inc | Q2 2026 | -2.2 % | - |
| Royal Gold Inc | Q2 2026 | +148.5 % | -55.6 % |
| Coeur Mining Inc | Q2 2026 | +408.9 % | +106.7 % |
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Newmont's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Newmont Corporation | 16.31% | 18.67% | 26.78% |
| Southern Copper Corp | 27.41% | 29.78% | 51.76% |
| Moody s Corporation | 19.21% | 23.29% | 82.87% |
| Freeport mcmoran Inc | 7.86% | 7.15% | 14.70% |
| Royal Gold Inc | 9.04% | 8.45% | 11.58% |
| Coeur Mining Inc | 8.57% | 10.48% | 12.49% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Newmont's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Newmont Corporation | 14.16 | 4.78 |
| Southern Copper Corp | 22.15 | 8.28 |
| Moody s Corporation | 30.85 | 10.69 |
| Freeport mcmoran Inc | 29.13 | 3.31 |
| Royal Gold Inc | 28.43 | 14.61 |
| Coeur Mining Inc | 12.58 | 5.05 |
| PEERS AVERAGE | 17.28 | 4.13 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.