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Newmont Gross Margin %

: 25.87% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Newmont's Gross Profit for the three months ended in Jun. 2022 was $791 Mil. Newmont's Revenue for the three months ended in Jun. 2022 was $3,058 Mil. Therefore, Newmont's Gross Margin % for the quarter that ended in Jun. 2022 was 25.87%.


The historical rank and industry rank for Newmont's Gross Margin % or its related term are showing as below:

NEM' s Gross Margin % Range Over the Past 10 Years
Min: 20.83   Med: 26.7   Max: 46.15
Current: 32.35


During the past 13 years, the highest Gross Margin % of Newmont was 46.15%. The lowest was 20.83%. And the median was 26.70%.

NEM's Gross Margin % is ranked better than
60.53% of 712 companies
in the Metals & Mining industry
Industry Median: 25.27 vs NEM: 32.35

Newmont had a gross margin of 25.87% for the quarter that ended in Jun. 2022 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Newmont was 7.40% per year.


Newmont Gross Margin % Historical Data

The historical data trend for Newmont's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Newmont Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.86 26.82 26.54 36.38 36.52

Newmont Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.90 33.09 35.72 34.44 25.87

Competitive Comparison

For the Gold subindustry, Newmont's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Newmont Gross Margin % Distribution

For the Metals & Mining industry and Basic Materials sector, Newmont's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Newmont's Gross Margin % falls into.



Newmont Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Newmont's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=4464 / 12222
=(Revenue - Cost of Goods Sold) / Revenue
=(12222 - 7758) / 12222
=36.52 %

Newmont's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=791 / 3058
=(Revenue - Cost of Goods Sold) / Revenue
=(3058 - 2267) / 3058
=25.87 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Newmont  (NYSE:NEM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Newmont had a gross margin of 25.87% for the quarter that ended in Jun. 2022 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Newmont Gross Margin % Related Terms

Thank you for viewing the detailed overview of Newmont's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Newmont Business Description

Newmont logo
Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.
Executives
Clark Maura J director C/O ELIZABETH ARDEN, INC. 2400 SW 145 AVENUE MIRAMAR FL 33027
Madero Garza Jose Manuel director C/O CONSTELLATION BRANDS, INC. 207 HIGH POINT DRIVE, BUILDING 100 VICTOR NY 14564
Nelson Jane director 6363 SOUTH FIDDLER'S GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Brook Bruce R director 6363 SOUTH FIDDLER'S GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Awuah Patrick director 7900 E LAYTON AVENUE SUITE 700 DENVER CO 80237
Medori Rene director 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Quintana Julio M director 3993 W. SAM HOUSTON PARKWAY N. STE. 100 HOUSTON TX 77043
Boyce Gregory H director 701 MARKET STREET ST. LOUIS MO 63101
Story Susan N director ONE ENERGY PLACE PENSCOLA FL 32520
Tabolt Brian officer: VP, Controller and CAO P.O. BOX 4030 NH353 GOLDEN CO 80401
Lipson Nancy officer: EVP & General Counsel 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Cmil Jennifer officer: EVP, Human Resources 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Gehring Dean officer: EVP & CTO 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Atkinson Robert D officer: EVP & COO 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Buese Nancy officer: EVP & CFO 1515 ARAPAHOE STREET DENVER CO 80202-2126

Newmont Headlines

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