Newmont Goldcorp Corp (NEM)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,577,000 | -579,000 | -1,406,000 | -2,142,000 | -2,031,000 | -312,000 | -248,000 | -140,000 | -51,000 | 825,000 | 458,000 | 993,000 | 1,108,000 | 2,549,000 | 3,500,000 | 3,107,000 | 3,143,000 | 2,829,000 | 4,727,000 | 4,197,000 |
| Revenue (ttm) | US$ in thousands | 18,636,000 | 16,869,000 | 14,762,000 | 13,134,000 | 11,812,000 | 11,055,000 | 11,196,000 | 11,571,000 | 11,915,000 | 12,105,000 | 12,366,000 | 12,373,000 | 12,222,000 | 12,213,000 | 12,488,000 | 11,788,000 | 11,497,000 | 11,083,000 | 10,626,000 | 10,518,000 |
| Pretax margin | 24.56% | -3.43% | -9.52% | -16.31% | -17.19% | -2.82% | -2.22% | -1.21% | -0.43% | 6.82% | 3.70% | 8.03% | 9.07% | 20.87% | 28.03% | 26.36% | 27.34% | 25.53% | 44.49% | 39.90% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,577,000K ÷ $18,636,000K
= 24.56%
Newmont Goldcorp Corp's pretax margin experienced fluctuations over the reporting periods. Starting at a strong level of 39.90% in March 2020, the pretax margin increased to 44.49% by June 2020. However, there was a noticeable decline to 25.53% by September 2020, and a further decrease to 27.34% by December 2020.
The trend of declining pretax margin continued into the following year, with percentages of 26.36% in March 2021 and 28.03% in June 2021. Subsequently, there was a significant drop to 20.87% in September 2021, followed by a sharper decline to 9.07% by December 2021.
The downward trajectory of the pretax margin worsened in the next reporting periods, with percentages of 8.03% in March 2022, 3.70% in June 2022, and 6.82% in September 2022. The pretax margin turned negative from December 2022 to June 2024, indicating that the company's expenses were exceeding its earnings before taxes.
However, there was a notable recovery in the pretax margin in the December 2024 quarter, reaching 24.56%. This uptick suggests a reversal of the negative trend and a potential improvement in the company's profitability. Overall, the pretax margin trend for Newmont Goldcorp Corp reflected a period of volatility and challenges, followed by a promising recovery towards the end of the reporting period.