Edwyn
Over the five-year period, Newmont Corporation’s revenue shows moderate fluctuations with a notable jump in 2024. From USD 11,497 million in 2020, revenue increased slightly to USD 12,222 million in 2021, then hovered around the low 11,800–12,000 million range through 2023 before leaping to USD 18,682 million in 2024—a more than 50% jump compared to the previous four years. Despite this revenue boost, the gross profit fluctuated significantly. In 2020, gross profit was USD 2,806 million, but it dropped by over 55% to USD 1,257 million in 2021 and further declined to USD 203 million in 2022. The 2023 figure of -USD 1,700 million indicates a dramatic swing (over 800% change relative to 2022) into negative territory, followed by a robust recovery to USD 4,527 million in 2024, suggesting considerable volatility in the company’s cost structure or pricing dynamics over these years. Net income trends mirror these fluctuations, with a decrease from USD 2,829 million in 2020 to USD 1,166 million in 2021 (over 50% decline) and a transition into negative territory in 2022 (USD -429 million) and 2023 (USD -2,494 million). The subsequent rebound to USD 3,348 million in 2024 is highly significant, indicating a turnaround in profitability. Operating income, consistently reported as zero, suggests either an omission or a methodological reporting style that requires further clarification. Overall, while the dramatic revenue and margin swings point to potential underlying operational or market-driven challenges, the substantial recovery in both gross profit and net income in 2024 is encouraging. However, sustained stability and clarity on operating performance will be key to assessing the company’s long-term financial health and sustainability in the cyclical mining industry.
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.