Newmont
Newmont returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
Invested capital did not increase versus the prior year. ROIIC requires a positive increase.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 24.86% | 25.67% | — | 25.53% | 15.24% | 17.2 pp |
| FY 2026 Q1 | Mar 31, 2026 | 24.18% | 25.78% | — | 25.56% | 14.94% | 16.5 pp |
| FY 2025 Q4 | Dec 31, 2025 | 19.61% | 21.87% | — | 22.21% | 12.49% | 11.9 pp |
| FY 2025 Q3 | Sep 30, 2025 | 19.65% | 19.83% | — | 22.84% | 12.97% | 12 pp |
| FY 2025 Q2 | Jun 30, 2025 | 16.87% | 16.74% | — | 20.42% | 11.33% | 9.2 pp |
| FY 2025 Q1 | Mar 31, 2025 | 13.32% | 12.76% | — | 16.86% | 9.15% | 5.6 pp |
| FY 2024 Q4 | Dec 31, 2024 | 8.98% | 9.21% | — | 11.36% | 5.99% | 1.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | -0.57% | — | -4.97% | -2.57% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | -2.65% | — | -8.14% | -4.21% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | -4.22% | — | -11.08% | -5.71% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | -4% | — | -10.31% | -5.31% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | -0.89% | — | -4.04% | -2.11% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | -0.73% | — | -3.73% | -1.95% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | -0.25% | — | -2.58% | -1.34% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 0.55% | — | -2.07% | -1.09% | — |
| FY 2022 Q3 | Sep 30, 2022 | 0.93% | 2.73% | — | 4.56% | 2.54% | -6.8 pp |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 3.55% | 1.97% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 4.73% | 2.61% | — |
| FY 2021 Q4 | Dec 31, 2021 | 0.05% | 3.31% | — | 5.18% | 2.85% | -7.7 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 8.97% | 5.06% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 12.7% | 7.13% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 11.42% | 6.35% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 12.74% | 6.96% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 11.66% | 6.32% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 18.9% | 10.17% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 21.92% | 11.69% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 17.57% | 9.24% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 14% | 7.31% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | -0.54% | -0.28% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 2.24% | 1.14% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 3.23% | 1.65% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | -1.73% | -0.91% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 1.5% | 0.78% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 0.45% | 0.23% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | -0.92% | -0.47% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 0.76% | 0.38% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | -4.29% | -2.09% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | -5.73% | -2.78% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | -5.68% | -2.71% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | -4.74% | -2.16% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 0.35% | 0.16% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 0.82% | 0.35% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 2.03% | 0.88% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 4.46% | 1.93% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 4.49% | 1.9% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 5.77% | 2.35% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 4.98% | 2.05% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | -6.14% | -2.59% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | -4.46% | -1.86% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | -22.39% | -9.87% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | -20.59% | -9.05% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | -5.01% | -2.21% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | -5.5% | -2.41% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 12.12% | 5.59% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 13.57% | 6.33% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 0.79% | 0.37% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 1.72% | 0.82% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 2.52% | 1.23% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 2.79% | 1.38% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 16.9% | 8.24% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 17.41% | 8.75% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | 17.65% | 9.07% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | 18.94% | 9.5% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | 18.25% | 8.89% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | 18.04% | 9.17% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | 16.44% | 8.34% | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q1 | Mar 31, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · NEM, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- 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
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- 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
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- 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.