NEWMONT CORPORATION vs RIO TINTO PLC, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Newmont earns 21.4% on equity, Rio Tinto 15.3%, gold's reference major out-returning the diversified one at two-thirds the price: 12.5 times earnings against 15.3. Free cash splits the other way, Rio's 11.1% yield over Newmont's 8.8%, both extraordinary by the sector's history. Net margins favor gold, 30.1% against 17.8%. Balance sheets are clean twice over. The pair prices two safeties: gold's monetary hedge in a single-metal wrapper, iron ore's industrial annuity in a diversified one, and the single-metal version is both the stronger earner and the cheaper page, which is not how diversification premiums are supposed to work.
Comparison updated 2026-07-10.
| Metric | NEM | RIO |
|---|---|---|
| Price | $96.09 | $93.73 |
| Market cap | $104.4B | $152.2B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | -3.8% |
| P/E | 12.5 | 15.3 |
| P/B | 2.98 | 2.27 |
| P/S | 4.18 | 2.64 |
| EV/EBITDA | 39.4 | 9.6 |
| Revenue growth | +26.8% | -2.4% |
| Operating margin | — | 25.9% |
| Net margin | 30.1% | 17.8% |
| Return on equity | 21.4% | 15.3% |
| Return on assets | 13.0% | 8.0% |
| Return on invested capital | — | 15.7% |
| FCF yield | 8.8% | 11.1% |
| Dividend yield | 1.0% | — |
| Debt / equity | 0.14 | 0.00 |
| Current ratio | 2.44 | 1.44 |
| Altman Z (solvency) | 3.50 | 2.90 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.