Newmont (NEM) FY2024 results: revenue $18.7 billion, up 58.2% on the year
Newmont Corp. (NEM) reported revenue of $18.7 billion for fiscal 2024, the year ended 31 December 2024, up 58.2% on the year before. Net income was $3.3 billion, and diluted earnings per share $2.92. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$18.7 billion
+58.2% on the year
FY2017FY2024
Operating margin
24.2%
-14.4% a year earlier
FY2017FY2024
Net income
$3.3 billion
FY2017FY2024
Diluted EPS
$2.92
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,363
2,763
3,220
+130.3%
Capital expenditure
3,402
2,666
2,131
+27.6%
Free cash flow
2,961
97.0
1,089
+2,952.6%
Free cash flow margin
15.8%
0.8%
9.1%
Cash from investing
-2,702
-1,002
-2,983
Cash from financing
-2,953
-1,603
-2,356
Depreciation and amortisation
2,576
2,108
2,185
+22.2%
Share-based compensation
89.0
80.0
76.0
+11.2%
Buybacks
1,246
0.0
0.0
Dividends paid
1,145
1,415
1,746
-19.1%
Dividend per share
$1.00
$1.60
$2.20
-37.5%
Diluted shares, weighted
1,148m
841m
795m
+36.5%
Shares outstanding at period end
1,127m
1,152m
793m
-2.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
29,928
29,027
19,354
+3.1%
Non-controlling interest
181
178
179
+1.7%
Redeemable equity
0.0
0.0
0.0
Debt
8,476
8,874
5,571
-4.5%
Other liabilities
17,764
17,427
13,378
+1.9%
Total liabilities and equity
56,349
55,506
38,482
+1.5%
Fixed assets
33,547
37,563
24,073
-10.7%
Goodwill
2,658
3,001
1,971
-11.4%
Investments
4,492
4,166
4,158
+7.8%
Cash and equivalents
3,619
3,002
2,877
+20.6%
Receivables
1,056
734
366
+43.9%
Other assets
10,977
7,040
5,037
+55.9%
Total assets
56,349
55,506
38,482
+1.5%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.