Newmont Goldcorp Corp (NEM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,577,000 | -2,031,000 | -51,000 | 1,108,000 | 3,143,000 |
| Revenue | US$ in thousands | 18,557,000 | 11,812,000 | 11,915,000 | 12,222,000 | 11,497,000 |
| Pretax margin | 24.66% | -17.19% | -0.43% | 9.07% | 27.34% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,577,000K ÷ $18,557,000K
= 24.66%
The pretax margin of Newmont Goldcorp Corp has exhibited fluctuations over the years. It stood at a healthy 27.34% as of December 31, 2020, indicating strong profitability before taxes. However, there was a significant decline in the pretax margin to 9.07% as of December 31, 2021, possibly indicating a decrease in profitability or an increase in pre-tax expenses.
The trend further worsened in the following years, with the pretax margin turning negative at -0.43% as of December 31, 2022, and significantly declining to -17.19% as of December 31, 2023. These negative pretax margins suggest that the company's pre-tax expenses exceeded its pre-tax income during these periods, signifying financial challenges.
Nevertheless, there was a notable recovery in the pretax margin in the subsequent year, reaching a promising 24.66% as of December 31, 2024, hinting at a possible turnaround in profitability. Overall, the pretax margin trend reflects a mix of both positive and concerning financial performances over the years, highlighting the importance of monitoring and managing pre-tax profitability for Newmont Goldcorp Corp.