Aureus
AExcellent

Newmont Corporation(NEM)

A

Financial data as of Dec 31, 2025Improving · Materials

FCF Margin32.2%Free Cash Flow / Revenue
Cash Conversion145.9%Operating CF / Net Income
Free Cash Flow$7.3B
Revenue$22.7B
Net Cash$2.1BCash exceeds debt
Debt / FCF0.8xManageable debt load
Current Ratio2.29Adequate short-term liquidity
YoY FCF Growth+71.9%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (32.2%, 0.8x)
→
+1Strong YoY FCF growth (71.9% YoY)
→
+1Net cash position with strong FCF margin
→
+1Very low debt-to-FCF ratio (0.8x)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (32.2%)
  • Excellent cash conversion (146%)
  • Net cash position ($2.1B)
  • Very low debt relative to cash flow (0.8x)
  • Strong liquidity (current ratio: 2.29)
  • Strong YoY FCF growth (+71.9%)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin32.2%
Net Margin31.3%
Operating CF Margin45.6%
CapEx Ratio13.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash$2.1BCash exceeds debt
Debt / FCF0.8xManageable debt load
Current Ratio2.29Strong liquidity
Debt / Equity0.17Low leverage

Quarterly FCF Trend

+71.9% YoYImproving (+71.9%)

Free cash flow per quarter

Sector Comparison — Materials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameNewmont Corporation
SectorMaterials
Free Cash Flow$7.3B
Revenue$22.7B
Net Income$7.1B
Operating Cash Flow$10.3B
Capital Expenditure$3.0B
FCF Margin32.2%
Cash Conversion Rate145.9%
Net Margin31.3%
Total Debt$5.6B
Total Cash$7.6B
Net Cash$2.1B
Current Ratio2.29
Debt / Equity0.17
Debt / FCF0.8x
YoY FCF Growth+71.9%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance

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Sector Report5 min read

Materials: Six A-Grades and Six Total Failures

The materials sector splits cleanly in half: six companies generating real cash, six burning through it. CF's 29.5% margin sits 1,800 basis points above the sector median.

Feb 13, 2026
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