# Newmont Returns

NYSE: NEM · Reporting currency: USD

[Interactive page](https://beanvest.com/stock/nem/returns) · [JSON with these options](https://beanvest.com/stock/nem/returns.json?range=5Y&deductSbc=false&limit=200&offset=0&frequency=quarterly&wacc=7.7) · [Raw filing inputs](https://beanvest.com/api/v2/financials/nem)

Frequency: quarterly. Newest first. Retrieved: 2026-10-22T21:27:08.739Z.
Coverage: 2009-03-31 to 2026-09-30. Rows 1–71 of 71.
Snapshot checked: 2026-10-19T21:59:30.430Z. Last validated: 2026-10-24T01:26:24.432Z.

## Definitions

- **ROIC** (`roic`, percent): NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- **ROCE** (`roce`, percent): Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- **ROIIC** (`roiic`, percent): Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- **ROE** (`roe`, percent): Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- **ROA** (`roa`, percent): Net income / average total assets × 100, using period end and one year earlier.
- **ROIC − WACC** (`roic_wacc`, percentage_points): ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.

## Values

| Period | End date | ROIC (percent) | ROCE (percent) | ROIIC (percent) | ROE (percent) | ROA (percent) | ROIC − WACC (percentage_points) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2026-Q3 | 2026-09-30 | 26.497458084508423 | 26.97950082153196 | Unavailable | 26.821091130752816 | 16.37238312085264 | 18.797458084508424 |
| 2026-Q2 | 2026-06-30 | 24.85531804121036 | 25.665144300845398 | Unavailable | 25.527429292554377 | 15.242097051575271 | 17.15531804121036 |
| 2026-Q1 | 2026-03-31 | 24.17602537926316 | 25.780577509977302 | Unavailable | 25.55686523407985 | 14.941381229624787 | 16.47602537926316 |
| 2025-Q4 | 2025-12-31 | 19.614262723323105 | 21.874968817043356 | Unavailable | 22.211772082451603 | 12.487882259628096 | 11.914262723323105 |
| 2025-Q3 | 2025-09-30 | 19.652700354845205 | 19.830735325195477 | Unavailable | 22.838348851250437 | 12.965318179768188 | 11.952700354845206 |
| 2025-Q2 | 2025-06-30 | 16.87296377640722 | 16.73619338716261 | Unavailable | 20.415995836789126 | 11.325929467805814 | 9.172963776407222 |
| 2025-Q1 | 2025-03-31 | 13.32462147493837 | 12.758889800492264 | Unavailable | 16.85789351159001 | 9.145362368520757 | 5.62462147493837 |
| 2024-Q4 | 2024-12-31 | 8.980943386345361 | 9.209268262912708 | Unavailable | 11.357815282842846 | 5.986321577041706 | 1.2809433863453608 |
| 2024-Q3 | 2024-09-30 | Unavailable | -0.5691238549910046 | Unavailable | -4.972738080596892 | -2.573759534898524 | Unavailable |
| 2024-Q2 | 2024-06-30 | Unavailable | -2.6514885344201624 | Unavailable | -8.135132910871533 | -4.2148575326987245 | Unavailable |
| 2024-Q1 | 2024-03-31 | Unavailable | -4.223457151213806 | Unavailable | -11.084177595458595 | -5.709163474159365 | Unavailable |
| 2023-Q4 | 2023-12-31 | Unavailable | -3.9969905012696323 | Unavailable | -10.309832372212233 | -5.307060475805422 | Unavailable |
| 2023-Q3 | 2023-09-30 | Unavailable | -0.8932658298078924 | Unavailable | -4.035440399076762 | -2.1054812436065107 | Unavailable |
| 2023-Q2 | 2023-06-30 | Unavailable | -0.7292340290868063 | Unavailable | -3.7297643064508197 | -1.948010228338666 | Unavailable |
| 2023-Q1 | 2023-03-31 | Unavailable | -0.24891271643097457 | Unavailable | -2.5767893009356784 | -1.3437735511643056 | Unavailable |
| 2022-Q4 | 2022-12-31 | Unavailable | 0.5526365937984918 | Unavailable | -2.0736658932714613 | -1.0854439187308655 | Unavailable |
| 2022-Q3 | 2022-09-30 | 0.9266419797516785 | 2.728564661297963 | Unavailable | 4.561699028021215 | 2.536452004860267 | -6.773358020248322 |
| 2022-Q2 | 2022-06-30 | Unavailable | Unavailable | Unavailable | 3.5467980295566504 | 1.9709582291238943 | Unavailable |
| 2022-Q1 | 2022-03-31 | Unavailable | Unavailable | Unavailable | 4.733488872936109 | 2.6057103339261016 | Unavailable |
| 2021-Q4 | 2021-12-31 | 0.048472581524750834 | 3.3118166249505996 | Unavailable | 5.178769709082834 | 2.8462280155737005 | -7.65152741847525 |
| 2021-Q3 | 2021-09-30 | Unavailable | Unavailable | Unavailable | 8.974500253454698 | 5.063668921607641 | Unavailable |
| 2021-Q2 | 2021-06-30 | Unavailable | Unavailable | Unavailable | 12.695886656499347 | 7.12991236563144 | Unavailable |
| 2021-Q1 | 2021-03-31 | Unavailable | Unavailable | Unavailable | 11.42144971401865 | 6.354473638592408 | Unavailable |
| 2020-Q4 | 2020-12-31 | Unavailable | Unavailable | Unavailable | 12.735212028450526 | 6.955730671354635 | Unavailable |
| 2020-Q3 | 2020-09-30 | Unavailable | Unavailable | Unavailable | 11.657707922251706 | 6.3211747054627745 | Unavailable |
| 2020-Q2 | 2020-06-30 | Unavailable | Unavailable | Unavailable | 18.903235166110548 | 10.170152981579768 | Unavailable |
| 2020-Q1 | 2020-03-31 | Unavailable | Unavailable | Unavailable | 21.916112056957125 | 11.687218342990144 | Unavailable |
| 2019-Q4 | 2019-12-31 | Unavailable | Unavailable | Unavailable | 17.574086836664367 | 9.24384979156025 | Unavailable |
| 2019-Q3 | 2019-09-30 | Unavailable | Unavailable | Unavailable | 14.000686920410905 | 7.3122207364404295 | Unavailable |
| 2019-Q2 | 2019-06-30 | Unavailable | Unavailable | Unavailable | -0.5370106407664004 | -0.2810450713021755 | Unavailable |
| 2019-Q1 | 2019-03-31 | Unavailable | Unavailable | Unavailable | 2.2397266774224165 | 1.1411164567366971 | Unavailable |
| 2018-Q4 | 2018-12-31 | Unavailable | Unavailable | Unavailable | 3.2305433186490458 | 1.652211831968603 | Unavailable |
| 2018-Q3 | 2018-09-30 | Unavailable | Unavailable | Unavailable | -1.7299286864504257 | -0.9083222611426501 | Unavailable |
| 2018-Q2 | 2018-06-30 | Unavailable | Unavailable | Unavailable | 1.499471045490088 | 0.7799602842309257 | Unavailable |
| 2018-Q1 | 2018-03-31 | Unavailable | Unavailable | Unavailable | 0.450070323488045 | 0.23159316800154395 | Unavailable |
| 2017-Q4 | 2017-12-31 | Unavailable | Unavailable | Unavailable | -0.9188935771214253 | -0.47122181083810166 | Unavailable |
| 2017-Q3 | 2017-09-30 | Unavailable | Unavailable | Unavailable | 0.7643884892086331 | 0.3784758554667498 | Unavailable |
| 2017-Q2 | 2017-06-30 | Unavailable | Unavailable | Unavailable | -4.286161692989128 | -2.0896499072963244 | Unavailable |
| 2017-Q1 | 2017-03-31 | Unavailable | Unavailable | Unavailable | -5.727470141150922 | -2.7810728878344535 | Unavailable |
| 2016-Q4 | 2016-12-31 | Unavailable | Unavailable | Unavailable | -5.681663721625663 | -2.7135221690866205 | Unavailable |
| 2016-Q3 | 2016-09-30 | Unavailable | Unavailable | Unavailable | -4.742559392387177 | -2.163795708673315 | Unavailable |
| 2016-Q2 | 2016-06-30 | Unavailable | Unavailable | Unavailable | 0.35251608354631175 | 0.15790304752881731 | Unavailable |
| 2016-Q1 | 2016-03-31 | Unavailable | Unavailable | Unavailable | 0.8161019668974371 | 0.35489981058717973 | Unavailable |
| 2015-Q4 | 2015-12-31 | Unavailable | Unavailable | Unavailable | 2.0347761746207915 | 0.8782785739949698 | Unavailable |
| 2015-Q3 | 2015-09-30 | Unavailable | Unavailable | Unavailable | 4.46066134549601 | 1.9299457326097682 | Unavailable |
| 2015-Q2 | 2015-06-30 | Unavailable | Unavailable | Unavailable | 4.492605339038229 | 1.8964603333529655 | Unavailable |
| 2015-Q1 | 2015-03-31 | Unavailable | Unavailable | Unavailable | 5.771202577999121 | 2.3452380952380953 | Unavailable |
| 2014-Q4 | 2014-12-31 | Unavailable | Unavailable | Unavailable | 4.976732794513838 | 2.0450885668276975 | Unavailable |
| 2014-Q3 | 2014-09-30 | Unavailable | Unavailable | Unavailable | -6.142192205895775 | -2.5924499229583975 | Unavailable |
| 2014-Q2 | 2014-06-30 | Unavailable | Unavailable | Unavailable | -4.455422472852682 | -1.8580424473295498 | Unavailable |
| 2014-Q1 | 2014-03-31 | Unavailable | Unavailable | Unavailable | -22.389495253627732 | -9.869306346660768 | Unavailable |
| 2013-Q4 | 2013-12-31 | Unavailable | Unavailable | Unavailable | -20.590449109308352 | -9.049141764986953 | Unavailable |
| 2013-Q3 | 2013-09-30 | Unavailable | Unavailable | Unavailable | -5.006428801028608 | -2.212279393487447 | Unavailable |
| 2013-Q2 | 2013-06-30 | Unavailable | Unavailable | Unavailable | -5.501698566575524 | -2.40858966918166 | Unavailable |
| 2013-Q1 | 2013-03-31 | Unavailable | Unavailable | Unavailable | 12.117616522674181 | 5.594740806683558 | Unavailable |
| 2012-Q4 | 2012-12-31 | Unavailable | Unavailable | Unavailable | 13.566312947617085 | 6.333590084727961 | Unavailable |
| 2012-Q3 | 2012-09-30 | Unavailable | Unavailable | Unavailable | 0.7936799559066692 | 0.36821110770174903 | Unavailable |
| 2012-Q2 | 2012-06-30 | Unavailable | Unavailable | Unavailable | 1.7180616740088104 | 0.8167824356871096 | Unavailable |
| 2012-Q1 | 2012-03-31 | Unavailable | Unavailable | Unavailable | 2.5177605182758493 | 1.2254770223058318 | Unavailable |
| 2011-Q4 | 2011-12-31 | Unavailable | Unavailable | Unavailable | 2.7895278381159256 | 1.3775711839208085 | Unavailable |
| 2011-Q3 | 2011-09-30 | Unavailable | Unavailable | Unavailable | 16.89903477861192 | 8.244417453050547 | Unavailable |
| 2011-Q2 | 2011-06-30 | Unavailable | Unavailable | Unavailable | 17.412839066671825 | 8.753671678954229 | Unavailable |
| 2011-Q1 | 2011-03-31 | Unavailable | Unavailable | Unavailable | 17.647983649084193 | 9.070890321016586 | Unavailable |
| 2010-Q4 | 2010-12-31 | Unavailable | Unavailable | Unavailable | 18.937125748502996 | 9.49501688836996 | Unavailable |
| 2010-Q3 | 2010-09-30 | Unavailable | Unavailable | Unavailable | 18.249064092733754 | 8.88781495068427 | Unavailable |
| 2010-Q2 | 2010-06-30 | Unavailable | Unavailable | Unavailable | 18.038309750697852 | 9.16829745596869 | Unavailable |
| 2010-Q1 | 2010-03-31 | Unavailable | Unavailable | Unavailable | 16.44053476467372 | 8.33879505923872 | Unavailable |
| 2009-Q4 | 2009-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2009-Q3 | 2009-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2009-Q2 | 2009-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2009-Q1 | 2009-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |

## Unavailable values

- roiic: Invested capital did not increase versus the prior year. ROIIC requires a positive increase.
- roic: NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.
- roiic: NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.
- roic_wacc: NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.
- roce: Operating income is unavailable in the extracted statements for this period.
- roic: Operating income is unavailable in the extracted statements for this period.
- roic_wacc: Operating income is unavailable in the extracted statements for this period.
- roiic: Operating income is unavailable in the extracted statements for this period.
- roic: Reported borrowing balances are unavailable in the extracted statements for this period.
- roic_wacc: Reported borrowing balances are unavailable in the extracted statements for this period.
- roic: The matching period one year earlier is unavailable.
- roce: The matching period one year earlier is unavailable.
- roiic: The matching period one year earlier is unavailable.
- roe: The matching period one year earlier is unavailable.
- roa: The matching period one year earlier is unavailable.
- roic_wacc: The matching period one year earlier is unavailable.
- roic: A complete trailing 12-month reporting basis is unavailable.
- roce: A complete trailing 12-month reporting basis is unavailable.
- roiic: A complete trailing 12-month reporting basis is unavailable.
- roe: A complete trailing 12-month reporting basis is unavailable.
- roa: A complete trailing 12-month reporting basis is unavailable.
- roic_wacc: A complete trailing 12-month reporting basis is unavailable.

WACC scenario: 7.7%. Default: 7.7% (US nonfinancial market · generic proxy). [NYU Stern · January 2026](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/wacc.html).

## Sources

- [sec-0001164727-26775f107d7e](https://data.sec.gov/api/xbrl/companyfacts/CIK0001164727.json) · Retrieved 2026-10-22T21:27:08.739Z · SHA-256 26775f107d7e26532edfb2fee083de83a64de460b2a7490699253eef02f2e69a
- [inline-0001164727-5a01df3ae779](https://www.sec.gov/Archives/edgar/data/1164727/000116472726000010/nem-20251231.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 5a01df3ae77904e61c6d7a0b39d39378bab2c70be7d1776df96eda7a200bfff2
- [inline-0001164727-a935343a4041](https://www.sec.gov/Archives/edgar/data/1164727/000116472724000016/nem-20231231.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 a935343a4041ce6be4e996bce015c93e177d8672a31bfb868dd5ec0c8cdbf5fe
- [inline-0001164727-c7661082426a](https://www.sec.gov/Archives/edgar/data/1164727/000116472726000043/nem-20260930.htm) · Retrieved 2026-10-22T21:27:08.739Z · SHA-256 c7661082426a9219abc0c54478fa702d5f4b0ff146278eacbfdda52bb67efc67
- [sec-0001164727-ea025dc937ba](https://data.sec.gov/api/xbrl/companyfacts/CIK0001164727.json) · Retrieved 2026-09-28T07:37:41.538Z · SHA-256 ea025dc937baa0c5647ad84941e423225c6c59485d9b7b27c4f1d87305739e77

## Data conventions

- Null means an unavailable input or undefined calculation, never zero. Values are unrounded; money and shares are in millions unless a column states otherwise.
- Fiscal periods use actual reporting start/end dates. Annual reported values are not constructed by adding quarterly EPS or weighted share counts. Partial years are labelled.
- FCF uses operating cash flow minus reported cash capital investment, preferring PPE purchases. The productive-assets fallback can also include software and intangibles. Acquisitions and noncash leases are excluded. Deduct SBC is an optional economic-cost scenario; missing SBC remains unavailable.
- SBC / FCF and SBC / OCF compare amounts from the same fiscal period. SBC / FCF always uses FCF before SBC deduction; nonpositive denominators are undefined and values above 100% remain valid.
- Capital allocation percentages describe available tracked cash uses, not all company spending or a fraction of OCF. Missing categories remain null, negative payments are excluded and SBC is noncash. Annual shares use reported annual amounts.
- Valuation uses completed, split-adjusted closes without dividend adjustment and a complete trailing year. Financial bases become eligible after publication; selected facts can contain later restatements. This is not a vintage-filings backtest.
- Mean and median use all valid observations in the selected date range before pagination. Historical pricing labels compare the latest positive value with its own median and do not estimate intrinsic fair value.
- Reporting currencies are retained without conversion. USD market capitalization, where available, is a separate dated Nasdaq snapshot.
- WACC is an editable US industry scenario across history, not a historical company cost of capital. Industry exclusions, missing inputs and pending filings remain explicit.