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 revenue shows notable fluctuations. Revenues increased modestly from USD 11,497 million in 2020 to about USD 12,222 million in 2021 and then dipped slightly to USD 11,915 million in 2022 before further declining to USD 11,812 million in 2023. However, 2024 witnessed a sharp recovery with revenue skyrocketing to USD 18,682 million—a year-over-year change exceeding 50% compared to 2023. This strong revenue rebound coincides with significant swings in gross profit and net income. Gross profit, which was positive in 2020 and 2021 at USD 2,806 million and USD 1,257 million respectively, fell drastically to USD 203 million in 2022 and then turned negative at USD -1,700 million in 2023. In contrast, 2024’s gross profit of USD 4,527 million marks a remarkable recovery, indicating a turnaround in operational efficiency or pricing strategy. Notably, operating income remains consistently reported as zero throughout the period, limiting insights into core operational profitability. Net income trends mirror these fluctuations, shifting from a robust USD 2,829 million in 2020 to USD 1,166 million in 2021, dipping into a loss of USD -429 million in 2022, and deepening further to USD -2,494 million in 2023 before rebounding to USD 3,348 million in 2024. The significant year-over-year swings—especially the turnaround in 2024—suggest that market conditions or internal operational changes likely played a major role in driving these results. Overall, despite periods of volatility and the absence of operating income detail, the robust recovery in 2024 indicates improving financial health and potential sustainability, though continued monitoring of cost control and operational performance is warranted given the prior years’ challenges.
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.