Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.59B | 4.6% |
| Gross Profit | 1.91B | 7.9% |
| Cost of Revenue | 2.68B | 2.3% |
| Operating expense | 482M | 18.7% |
| Net Income | 922M | 8.1% |
| EBITDA | 1.78B | 7.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 56.2B | 0.9% |
| Total Liabilities | 26.3B | 0.6% |
| Total Equity | 29.7B | 1.1% |
| Shares Outstanding | 1.15B | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.65B | 31.9% |
| Cash from investing | -562M | 12.3% |
| Cash from financing | -789M | 19.9% |
EPS
Financial Highlights for Newmont in Q3 '24
Newmont reported a revenue of 4.59B, which is a 4.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.91B, marking a 7.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.68B, a 2.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 482M, showing a -18.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 922M, showing a 8.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.78B, showing a -7.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Newmont with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
