Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $11,497 | $12,222 | $11,915 | $11,812 | $18,682 |
| Gross Profit | $2,806 | $1,257 | $203 | -$1,700 | $4,527 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $2,829 | $1,166 | -$429 | -$2,494 | $3,348 |
Over the five-year period, Newmont Corporation’s financial performance has been notably volatile. Revenues started at US$11,497 million in 2020, increased moderately to US$12,222 million in 2021, and then slightly decreased to roughly US$11,812–11,915 million over 2022 and 2023, before a remarkable jump to US$18,682 million in 2024—a significant year-over-year increase of nearly 58% from 2023. Operating income was reported as zero throughout, which limits analysis on core operating efficiency. Gross profit exhibited pronounced fluctuations: starting at US$2,806 million in 2020, it dropped to US$1,257 million in 2021 (a decline of approximately 55%), fell further to US$203 million in 2022, dipped into negative territory at US$-1,700 million in 2023, and then rebounded to a healthy US$4,527 million in 2024. Net income mirrored this erratic trend, from US$2,829 million in 2020 to US$1,166 million in 2021, turning negative at US$-429 million in 2022 and further to US$-2,494 million in 2023 before bouncing to US$3,348 million in 2024. These substantial swings, particularly the double-digit declines (i.e., >20%) observed in gross profit and net income between 2020 and 2023, suggest that Newmont experienced significant operational pressures and adverse market conditions likely linked to commodity price fluctuations or cost challenges in a volatile mining industry. The strong revenue and profit recovery in 2024 indicates a potential turnaround, although sustained operational performance will be crucial for long-term financial health and sustainability in a highly cyclical sector.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.