BNYSEGold and Silver OresFiscal year ends December 31
BARRICK MINING CORP
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 27, 2026
$40.44−0.38 (-0.93%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 13.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2007 to 2025
Gross margin
51.3%+10.1 pts over 5 years
Operating margin
–
Net margin
29.4%+11.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +31.2% | +15.5% | +6.1% | – | |
| Gross profit | +75.2% | +35.2% | +10.9% | – | |
| Net income | +132.9% | +126.1% | +16.5% | – | |
| EPS, diluted | +140.2% | +130.3% | +17.5% | – | |
| Free cash flow | +193.7% | +107.7% | +2.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 10.4% | 19.6% | |
| Return on assets | – | 5.1% | 10.1% | |
| Current ratio | 2.68 | 3.67 | 2.92 | |
| Debt to equity | 0.96 | 0.22 | 0.18 | |
| Inventory turnover | – | 3.6× | 4.1× | |
| Capex to revenue | 13.2% | 16.3% | 22.5% | |
| Diluted shares | 1.17B | 1.78B | 1.71B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Barrick Mining generated $23.77B from operations and spent $22.05B on capital expenditure, dividends and share buybacks. 71% of that went back into the business.
Generated
$23.77B
Used
$22.05B
Capital expenditure$15.57B71%Dividends$4.06B18%Share buybacks$2.42B11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin29.4%
×Asset turnover0.34×
×Equity multiplier1.95×
=Return on equity, FY202519.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 29.4% | 0.34× | 1.95× | 19.6% |
| FY2024 | 16.6% | 0.28× | 1.96× | 9.0% |
| FY2023 | 11.2% | 0.25× | 1.99× | 5.5% |
| FY2022 | 3.9% | 0.24× | 1.99× | 1.9% |
| FY2021 | 16.9% | 0.26× | 1.98× | 8.6% |
| FY2020 | 18.5% | 0.28× | 2.03× | 10.4% |
| FY2019 | 40.8% | 0.29× | 2.31× | 27.3% |
| FY2018 | -21.3% | 0.30× | 2.84× | -18.3% |
| FY2017 | 17.2% | 0.33× | 2.94× | 16.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
9of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$4.99B
- Cash generatingOperating cash flow above zero$7.69B
- Return on assets improvedROA up on the prior year4.7% → 10.5%
- Earnings backed by cashOperating cash flow above net income$7.69B vs $4.99B
- Less leverageLong-term debt to assets fell9.9% → 9.0%
- Better liquidityCurrent ratio rose2.89 → 2.92
- No dilutionShare count did not rise1.75B → 1.71B
- Gross margin improvedGross margin up on the prior year38.39% → 51.26%
- More efficientAsset turnover rose0.28 → 0.36