NEM vs. RIO: Newmont vs. Rio Tinto Stock Comparison

August 31, 2026

How do Newmont (NEM) and Rio Tinto (RIO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Newmont (NEM) and Rio Tinto (RIO) both belong to the Metals & Mining industry, though NEM is classified under Gold while RIO falls under Diversified Metals & Mining.

Newmont (NEM) trades as ordinary local shares, while Rio Tinto (RIO) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Newmont (NEM) and Rio Tinto (RIO)
Profile Item	NEM	RIO
Name	Newmont Corporation	Rio Tinto plc ADR
Country/Region	United States	United Kingdom
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Diversified Metals & Mining
Market Capitalization	134.85 billion USD	168.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	June 28, 1990
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

NEM

RIO

GSPC

Newmont (NEM) vs. Rio Tinto (RIO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Newmont (NEM) and Rio Tinto (RIO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Newmont (NEM) and Rio Tinto (RIO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Total Return (1Y)	84.69%	77.23%
Total Return (3Y, Annualized)	54.51%	27.30%
Total Return (5Y, Annualized)	21.32%	14.33%

Risk Profile

Drawdown History

NEM

RIO

GSPC

Newmont (NEM) vs. Rio Tinto (RIO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Newmont (NEM) and Rio Tinto (RIO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Volatility (1Y, Annualized)	49.46%	30.18%
Beta (5Y)	0.55	0.61
Max Drawdown (5Y)	-62.40%	-35.25%
Avg. Volume (3M)	8.20M	2.67M

Risk-Adjusted Performance

Risk-Return Positioning

NEM and RIO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Sharpe Ratio (1Y)	1.63	2.43
Sortino Ratio (1Y)	2.32	3.70

Profitability

ROE (TTM)

Newmont (NEM) at 25.91% sits in the top ROE quartile, while Rio Tinto (RIO) at 19.31% is closer to the peer norm — stronger capital efficiency for NEM.

NEM

Materials industry group

25.91%

Max: 58.68%
NEM: 25.91%
Q3: 19.31%
Median: 7.11%
Q1: -7.18%
Min: -41.32%

RIO

Materials industry group

19.31%

Max: 58.68%
RIO: 19.31%
Q3: 19.31%
Median: 7.11%
Q1: -7.18%
Min: -41.32%

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Newmont (NEM) at 33.36% and Rio Tinto (RIO) at 19.59% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

NEM

Materials industry group

33.36%

Max: 37.52%
NEM: 33.36%
Q3: 15.14%
Median: 4.34%
Q1: 0.00%
Min: -19.34%

RIO

Materials industry group

19.59%

Max: 37.52%
RIO: 19.59%
Q3: 15.14%
Median: 4.34%
Q1: 0.00%
Min: -19.34%

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Newmont (NEM) at 51.57% operates in the top operating margin quartile, ahead of Rio Tinto (RIO) at 28.05%, which runs around its industry’s norm.

NEM

Materials industry group

51.57%

Max: 66.54%
NEM: 51.57%
Q3: 28.12%
Median: 11.83%
Q1: 1.49%
Min: -29.20%

RIO

Materials industry group

28.05%

Max: 66.54%
Q3: 28.12%
RIO: 28.05%
Median: 11.83%
Q1: 1.49%
Min: -29.20%

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
ROE (TTM)	25.91%	19.31%
ROA (TTM)	15.76%	8.11%
Net Margin (TTM)	33.36%	19.59%
Operating Margin (TTM)	51.57%	28.05%
Gross Margin (TTM)	68.04%	29.75%

Growth

Revenue Growth

Both Newmont (NEM) at 21.34% and Rio Tinto (RIO) at 7.42% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Newmont (NEM) at 118.84% sits in the top EPS growth quartile, while Rio Tinto (RIO) at -13.97% is closer to the peer norm — faster per-share earnings growth for NEM.

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Revenue Growth (YoY)	21.34%	7.42%
Revenue Growth (3Y CAGR)	23.91%	1.24%
EPS Growth (YoY)	118.84%	-13.97%
EPS Growth (3Y CAGR)	--	-7.23%

Financial Strength

Current Ratio (MRQ)

Newmont (NEM) at 2.55 keeps current ratio within its industry’s typical mid-range, while Rio Tinto (RIO) at 1.42 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for RIO.

NEM

Materials industry group

2.55

Max: 6.33
Q3: 3.44
NEM: 2.55
Median: 2.21
Q1: 1.46
Min: 0.16

RIO

Materials industry group

1.42

Max: 6.33
Q3: 3.44
Median: 2.21
Q1: 1.46
RIO: 1.42
Min: 0.16

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Newmont (NEM) at 0.16 and Rio Tinto (RIO) at 0.32 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NEM

Materials industry group

0.16

Max: 2.03
Q3: 0.95
Median: 0.45
NEM: 0.16
Q1: 0.13
Min: 0.00

RIO

Materials industry group

0.32

Max: 2.03
Q3: 0.95
Median: 0.45
RIO: 0.32
Q1: 0.13
Min: 0.00

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Current Ratio (MRQ)	2.55	1.42
Debt / Equity (MRQ)	0.16	0.32
Net Debt / EBITDA	-0.20	0.58

Dividends

Dividend Yield (TTM)

Newmont (NEM) at 0.78% pays an industry-typical yield; Rio Tinto (RIO) at 4.44% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

NEM

Materials industry group

0.78%

Max: 3.91%
Q3: 1.67%
NEM: 0.78%
Median: 0.30%
Q1: 0.00%
Min: 0.00%

RIO

Materials industry group

4.44%

RIO: 4.44%
Max: 3.91%
Q3: 1.67%
Median: 0.30%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Newmont (NEM) at 12.86% pays out a band-typical share of earnings, while Rio Tinto (RIO) at 54.46% distributes more than its industry norm — less retained, thinner cover.

NEM

Materials industry group

12.86%

Max: 84.09%
Q3: 34.12%
NEM: 12.86%
Median: 7.60%
Q1: 0.00%
Min: 0.00%

RIO

Materials industry group

54.46%

Max: 84.09%
RIO: 54.46%
Q3: 34.12%
Median: 7.60%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Dividend Yield (TTM)	0.78%	4.44%
Dividend Payout Ratio (TTM)	12.86%	54.46%

Valuation

P/E Ratio (TTM)

Rio Tinto (RIO) at 14.19 sits in the cheaper P/E ratio quartile, while Newmont (NEM) at 16.14 is closer to its industry’s usual earnings multiple — a discount for RIO, though growth and earnings durability still matter.

NEM

Materials industry group

16.14

Max: 58.79
Q3: 34.00
Median: 22.57
NEM: 16.14
Q1: 15.65
Min: 6.07

RIO

Materials industry group

14.19

Max: 58.79
Q3: 34.00
Median: 22.57
Q1: 15.65
RIO: 14.19
Min: 6.07

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Rio Tinto (RIO) at 2.72 is priced about in line with its industry on P/S ratio, while Newmont (NEM) at 5.23 sits in the pricier quartile — NEM costs more per dollar of sales.

NEM

Materials industry group

5.23

Max: 11.72
NEM: 5.23
Q3: 5.16
Median: 2.03
Q1: 0.77
Min: 0.00

RIO

Materials industry group

2.72

Max: 11.72
Q3: 5.16
RIO: 2.72
Median: 2.03
Q1: 0.77
Min: 0.00

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Newmont (NEM) at 3.85 and Rio Tinto (RIO) at 2.57 are valued close to their industries’ norm against book — neither stands out from peers.

NEM

Materials industry group

3.85

Max: 8.22
Q3: 4.41
NEM: 3.85
Median: 2.57
Q1: 1.46
Min: -0.27

RIO

Materials industry group

2.57

Max: 8.22
Q3: 4.41
RIO: 2.57
Median: 2.57
Q1: 1.46
Min: -0.27

Newmont (NEM) vs. Rio Tinto (RIO): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
P/E Ratio (TTM)	16.14	14.19
P/S Ratio (TTM)	5.23	2.72
P/B Ratio (MRQ)	3.85	2.57
Free Cash Flow Yield (TTM)	6.54%	2.14%