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How Kinross Gold (KGC) makes money

Kinross Gold (KGC) made $7.1B of revenue in the fiscal 2025 (FY2025), +37% from a year earlier. Of every dollar of revenue, 53¢ was left as gross profit, 46¢ was left as operating profit, 34¢ was left as net earnings.

Drawing the Sankey…

Kinross Gold revenue by quarterKinross Gold revenue by quarter$5.1BFY2024$7.1BFY2025
Kinross Gold: where each dollar of revenue goesKinross Gold: where each dollar of revenue goesCost of revenue47¢Gross profit53¢Operating expenses6¢Operating profit46¢Income tax10¢Net earnings34¢Operating cash flow53¢Free cash flow36¢

Where each dollar of revenue goes

LineFY2025% of revenue
Revenue$7.1B100.0%
Cost of revenue$3.3B47.3%
Gross profit$3.7B52.7%
Operating expenses$438M6.2%
Operating profit$3.3B46.5%
Income tax$725M10.3%
Net earnings$2.4B33.9%
Operating cash flow$3.8B53.3%
Free cash flow$2.6B36.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
FY2025$7.1B+37%
FY2024$5.1B+21%

From Kinross Gold's 40-F filed Mar 26, 2026 (on EDGAR).

Questions

How does Kinross Gold make money?

Kinross Gold (KGC) made $7.1B of revenue in the fiscal 2025 (FY2025), +37% from a year earlier. Of every dollar of revenue, 53¢ was left as gross profit, 46¢ was left as operating profit, 34¢ was left as net earnings.

What is Kinross Gold's profit margin?

Net earnings were $2.4B, 33.9% of revenue, in the fiscal 2025; the operating margin was 46.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.