Kinross GoldMEX:KGCN -18.54%83 Net Margin % is 35.01% as of Mar. 2026, which is 201% above its 10-year median of 11.65. GuruFocus rates MEX:KGCN with a GF Score™ of 83/100 and a GF Value™ of MXN282.64 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 843 Metals & Mining companies, Kinross Gold ranks better than 89.44% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Kinross Gold's Net Income for the
three
months ended in Mar. 2026 was MXN15,202 Mil. Kinross Gold's Revenue for the
three
months ended in Mar. 2026 was MXN43,417 Mil. Therefore, Kinross Gold's net margin for the quarter that ended in Mar. 2026 was 35.01%.
The historical rank and industry rank for Kinross Gold's Net Margin % or its related term are showing as below:
MEX:KGCN'
s Net Margin % Range Over the Past 10 Years
Min: -17.52 Med: 11.65 Max: 36
Current: 36
MEX:KGCN's Net Margin % is ranked better than 89.44% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs MEX:KGCN: 36.00
Kinross Gold (MEX:KGCN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Kinross Gold Net Margin % Related Terms
Kinross Gold Net Margin % Historical Data
* Premium members only.
The historical data trend for Kinross Gold's Net 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.
For the Gold subindustry, Kinross Gold's Net Margin %, along with its competitors' market caps and Net 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.
Kinross Gold Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Net Margin % distribution charts can be found below:
* The bar in red indicates where Kinross Gold's Net Margin % falls into.
* 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.
Kinross Gold (MEX:KGCN) has a Net Margin % of 35.01% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Kinross Gold and its competitors. This is 201% above median its historical median of 11.65. According to the industry distribution chart, Kinross Gold ranks #89 out of 843 companies in the Metals & Mining industry, placing it in the top 10.6%.
Is Kinross Gold's Net Margin % too high?
Kinross Gold's current Net Margin % of 35.01% is 201% above median its 10-year median of 11.65. The Metals & Mining industry median Net Margin % is 3.41. Kinross Gold's value of 35.01% is 926.7% above this industry median. Based on the distribution chart, Kinross Gold ranks #89 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kinross Gold has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Net Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #89 out of 843 companies for Net Margin %. This places Kinross Gold in the top 11% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.41. Kinross Gold's value of 35.01% is 926.7% above this benchmark. While the company's 10-year median is 11.65 vs. the industry median of 3.41, Kinross Gold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kinross Gold's current Net Margin % of 35.01% is 926.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Kinross Gold and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinross Gold's current Net Margin % is 35.01%, which is 201% above median its own 10-year median of 11.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (MEX:KGCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN282.64, compared to a current price of MXN413.00 — trading 46.1% above its estimated fair value. The current Net Margin % is 35.01%, which is 201% above median its 10-year median of 11.65 and 926.7% above the Metals & Mining industry median of 3.41. Kinross Gold's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Kinross Gold (MEX:KGCN), the current Net Margin % is 35.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kinross Gold (MEX:KGCN) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of MXN413.00 is trading 46.1% above its estimated GF Value™ of MXN282.64.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for MEX:KGCN:
Net Margin %: 35.01% (201% above median its 10-year median of 11.65)
GF Value™: MXN282.64 vs. price of MXN413.00 (46.1% above fair value)
Industry Position: 926.7% above the Metals & Mining median (#89 of 843)
No single metric tells the full story. See the MEX:KGCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
83GF Score
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