Newmont Corporation — Earnings Quality Grade C
NEM · Basic Materials
Some red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 17 days, change -3 days YoY
AR growth 1.0% vs revenue growth 21.3%
Revenue 21.3%, CFFO 62.4%. Cash follows revenue
Expense Quality
Inventory growth 23.1% far exceeds COGS -8.1%, margin rising. Fraud signal
CapEx growth -10.8% vs revenue 21.3%. Normal
SG&A/Gross Profit = 3.2%, excellent (<30%)
Gross margin swung +15.0pp (38.2% → 53.2%)
Cash Flow Quality
CFFO/NI = 1.46. Profits backed by cash
FCF $7.3B, FCF/NI = 1.03
Accruals ratio = -5.7%. Low accruals
Cash $8.2B covers debt $5.6B
Balance Sheet Health
Goodwill+Intangibles $2.7B = 8% of equity. Manageable
Debt/EBITDA = 0.4x. Healthy
Other assets 17.8% vs revenue 21.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.71 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10