Newmont Valuation Multiples

Newmont Overview

About Newmont

Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 11 mines and interests in two joint ventures in the Americas, Africa, Australia, and Papua New Guinea. The company is expected to sell roughly 5.6 million ounces of gold in 2025 from its core mines after selling six higher-cost, smaller mines following the Newcrest acquisition. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves, along with significant byproduct reserves at the end of December 2024.

Founded

1921

HQ

Employees

44.1K

Website

newmont.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $24B

EBITDA: $15B

EV

$128B

Valuation Multiples

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Newmont Financials

Newmont reported last 12-month revenue of $24B and EBITDA of $15B.

In the same LTM period, Newmont generated $16B in gross profit, $15B in EBITDA, and $8B in net income.

Newmont P&L

In the most recent fiscal year, Newmont reported revenue of $23B and EBITDA of $14B.

Newmont expects next 12-month revenue of XXX and NTM EBITDA of XXX

Newmont Stock Performance

Newmont has current market cap of $131B, and enterprise value of $128B.

Newmont's stock price is $120.90.

Newmont Valuation Multiples

Newmont trades at 5.3x EV/Revenue multiple, and 8.4x EV/EBITDA.

Newmont Financial Valuation Multiples

As of April 12, 2026, Newmont has market cap of $131B and EV of $128B.

Equity research analysts estimate Newmont's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Newmont has a P/E ratio of 16.1x.

Newmont Margins & Growth Rates

Newmont's revenue in the last 12 month grew by 19%.

Newmont's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.0M for the same period.

Newmont's rule of 40 is 95% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Newmont's rule of X is 135% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Newmont Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

Newmont M&A Activity

Newmont acquired XXX companies to date.

Last acquisition by Newmont was on XXXXXXXX, XXXXX. Newmont acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Newmont Investment Activity

Newmont invested in XXX companies to date.

Newmont made its latest investment on XXXXXXXX, XXXXX. Newmont invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).