Newmont Goldcorp Corp (NEM)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -1,968,000 | -252,000 | -174,000 | -72,000 | 26,000 | 1,645,000 | 1,561,000 | 2,132,000 | 2,264,000 | 3,092,000 | 4,011,000 | 3,528,000 | 3,533,000 | 3,145,000 | 4,737,000 | 4,224,000 | 3,637,000 | 3,205,000 | 327,000 | 642,000 |
| Revenue (ttm) | US$ in thousands | 11,635,000 | 10,897,000 | 11,038,000 | 11,451,000 | 11,807,000 | 12,044,000 | 12,312,000 | 12,300,000 | 12,171,000 | 12,135,000 | 12,371,000 | 11,608,000 | 11,286,000 | 10,998,000 | 10,564,000 | 10,515,000 | 9,743,000 | 8,824,000 | 7,852,000 | 7,267,000 |
| Pretax margin | -16.91% | -2.31% | -1.58% | -0.63% | 0.22% | 13.66% | 12.68% | 17.33% | 18.60% | 25.48% | 32.42% | 30.39% | 31.30% | 28.60% | 44.84% | 40.17% | 37.33% | 36.32% | 4.16% | 8.83% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,968,000K ÷ $11,635,000K
= -16.91%
Newmont Corp's pretax margin has shown variability over the past eight quarters. The company experienced a negative pretax margin in the most recent quarter, Q4 2023, with a value of -16.66%, indicating that its operating expenses and taxes exceeded its revenue for that period. This represents a significant decline from the previous quarter, Q3 2023, where the pretax margin was -2.19%.
Looking further back, Newmont Corp's pretax margin has been on a downward trend since Q1 2023, where it was -0.41%. This decline is notable as the company had a positive pretax margin in Q4 2022 at 0.47%. The highest pretax margin in the given quarters was recorded in Q1 2022 at 9.28%.
Overall, Newmont Corp's pretax margin reflects fluctuations in its profitability over the analyzed period, with recent quarters showing increased challenges in generating profits before accounting for taxes and other expenses.