Newmont Goldcorp Corp (NEM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,348,000 | -2,494,000 | -506,000 | 10,000 | 2,829,000 |
| Revenue | US$ in thousands | 18,557,000 | 11,812,000 | 11,915,000 | 12,222,000 | 11,497,000 |
| Net profit margin | 18.04% | -21.11% | -4.25% | 0.08% | 24.61% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,348,000K ÷ $18,557,000K
= 18.04%
The net profit margin of Newmont Goldcorp Corp has shown significant fluctuations over the past five years. In December 2020, the net profit margin stood at a healthy 24.61%, reflecting strong profitability. However, there was a sharp decline in the net profit margin in 2021, dropping to a mere 0.08%, indicating a substantial decrease in profitability.
The trend continued to worsen in 2022 and 2023, with the net profit margins turning negative at -4.25% and -21.11% respectively. This signifies that the company's expenses were surpassing its revenues, leading to losses during these years.
However, there was a notable recovery in the net profit margin in 2024, rebounding to 18.04%. This improvement suggests that the company implemented strategic measures to enhance operational efficiency and generate higher profits during that year.
Overall, the net profit margin of Newmont Goldcorp Corp has been volatile, with fluctuations indicating varying levels of profitability and financial performance over the specified five-year period. It is essential for the company to continue monitoring and managing its expenses and revenues effectively to ensure sustainable and profitable operations in the future.