Filing Flows › Barrick Mining (B) › Q2 2024 › vs Q2 2023
Barrick Mining (B) Q2 2024 vs Q2 2023 (year over year)
Barrick Mining's revenue rose $329M (+12%) from $2.8B in Q2 2023 to $3.2B in Q2 2024. Operating margin 34.5% against 28.6% (+5.9 pts).
Barrick Mining, Q2 2024: revenue $3.2B (+12% year over year), operating margin 34.5%, net earnings $370M, operating cash flow $1.2B. The chart draws each line against Q2 2023, the increases inside each band.
Margins
| Q2 2024 | Q2 2023 | Change | |
|---|---|---|---|
| Operating margin | 34.5% | 28.6% | +5.9 pts |
| Net margin | 11.7% | 10.8% | +0.9 pts |
| Free cash flow margin | 10.8% | 2.2% | +8.5 pts |
Every line
| Line | Q2 2024 | Q2 2023 | Change | % |
|---|---|---|---|---|
| Revenue | $3.2B | $2.8B | $329M | +12% |
| Operating profit | $1.1B | $810M | $282M | +35% |
| Costs & expenses | $2.1B | $2.0B | $47.0M | +2% |
| Pre-tax earnings | $1.0B | $766M | $275M | +36% |
| Other expense, net | $51.0M | $44.0M | $7.0M | +16% |
| Cost of revenue | $2.0B | $1.9B | $42.0M | +2% |
| General & admin | $32.0M | $28.0M | $4.0M | +14% |
| Other operating costs | $59.0M | $58.0M | $1.0M | +2% |
| Net earnings | $370M | $305M | $65.0M | +21% |
| Minority interests | $264M | $197M | $67.0M | +34% |
| Income tax | $407M | $264M | $143M | +54% |
| Share-based compensation | $5.0M | $6.0M | −$1.0M | -17% |
| Working capital & other | $784M | $521M | $263M | +50% |
| Operating cash flow | $1.2B | $832M | $327M | +39% |
| Free cash flow (OCF − capex) | $340M | $63.0M | $277M | +440% |
| Capital expenditures | $819M | $769M | $50.0M | +7% |
Questions
How much did Barrick Mining's revenue grow year over year in Q2 2024?
Barrick Mining's revenue rose $329M (+12%) from $2.8B in Q2 2023 to $3.2B in Q2 2024. Operating margin 34.5% against 28.6% (+5.9 pts).