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Newmont vs Barrick Mining: NEM and B compared
Newmont is the larger company: $6.4B of revenue in its latest quarter (Q3 2026) against $3.7B for Barrick Mining (Q2 2025). Barrick Mining is growing faster (+16% against +15% a year earlier). Newmont is more profitable, with an operating margin of 49.7% against 38.5%.
Where the money goes: NEM and B
Newmont (NEM) · Q3 2026
Newmont, Q3 2026: revenue $6.4B (+15% year over year), operating margin 49.7%, net earnings $2.5B, operating cash flow $2.8B. The chart follows the revenue to costs, profit and cash.
Barrick Mining (B) · Q2 2025
Barrick Mining, Q2 2025: revenue $3.7B (+16% year over year), operating margin 38.5%, net earnings $811M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Newmont (NEM) | Barrick Mining (B) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2025 |
| Revenue | $6.4B | $3.7B |
| Revenue growth, Y/Y | +15% | +16% |
| Operating margin | 49.7% | 38.5% |
| Net earnings | $2.5B | $811M |
| Net margin | 38.9% | 22.0% |
| Operating cash flow | $2.8B | $1.3B |
| Free cash flow | $1.9B | $395M |
| Market value | $125.8B | $67.6B |
| P/E | 13.9× | 9.4× |
| Analysts’ mean target | $135.47 | $50.11 |
Where the revenue comes from
Newmont
- Gold Sales from Doré Production: $4.1B (65%)
- Sales from Concentrate and Other Production: $2.2B (35%)
Barrick Mining
- Carlin 2: $898M (24%)
- Other Mines 2: $610M (17%)
- Cortez 2: $579M (16%)
- Pueblo Viejo 2: $517M (14%)
Questions
Which is bigger, Newmont or Barrick Mining?
Newmont is the larger company: $6.4B of revenue in its latest quarter (Q3 2026) against $3.7B for Barrick Mining (Q2 2025).
Is Newmont or Barrick Mining growing faster?
Barrick Mining is growing faster (+16% against +15% a year earlier).
Which is more profitable, Newmont or Barrick Mining?
Newmont is more profitable, with an operating margin of 49.7% against 38.5%.
More: Newmont earnings · how Newmont makes money · Barrick Mining earnings · how Barrick Mining makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 6-K filed Aug 11, 2025). Fiscal quarters can end on different dates. Not investment advice.