Newmont vs Royal Gold
Newmont reported revenue of $22.7 billion in fiscal 2025, 22.0 times Royal Gold's $1.0 billion in fiscal 2025. Newmont's revenue grew 21.3% in its latest year, and Royal Gold's grew 43.2%.
Side by side
| Newmont | Royal Gold | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $22.7B | $1.0B |
| Revenue growth | 21.3% | 43.2% |
| Revenue growth a year, last 5 years | 14.5% | 15.6% |
| Gross margin | — | 69.3% |
| Operating margin | — | 61.9% |
| Net margin | 31.2% | 45.2% |
| Free cash flow | $7.3B | — |
| Free cash flow margin | 32.2% | — |
| Return on capital | 20.6% | 9.7% |
| Net debt to EBITDA | −0.2x | 0.8x |
| Dividends and buybacks | $3.4B | $118M |
| Change in diluted share count | −3.5% | 5.8% |
| Last close | $110.39 | $234.11 |
| P/E at the last close | 12.8× | 25.9× |
| Insider trades, last 12 months | sold $13.2 million | sold $5.8 million |
| Piotroski F-score | 8 of 8 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
NewmontRoyal Gold
Operating margin
Percent of revenue
NewmontRoyal Gold
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
NewmontRoyal Gold
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Newmont and Royal Gold pages.