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

June 25, 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 Sponsored 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	100.39 billion USD	152.92 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	June 28, 1990
Security Type	Common Stock	ADR

Performance

Cumulative Growth

NEM

RIO

Newmont (NEM) vs. Rio Tinto (RIO): 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.

Performance at a Glance

Performance metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Total Return (1Y)	63.61%	73.11%

Risk

Drawdown

NEM

RIO

Newmont (NEM) vs. Rio Tinto (RIO): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Risk metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Volatility (1Y, Annualized)	47.97%	29.76%
Beta (5Y)	0.48	0.60
Avg. Volume (3M)	8.34M	2.64M

Profitability

ROE (TTM)

Newmont (NEM) at 25.83% sits in the top ROE quartile, while Rio Tinto (RIO) at 16.40% is closer to the peer norm — stronger capital efficiency for NEM.

NEM

Materials industry group

25.83%

Max: 51.93%
NEM: 25.83%
Q3: 17.83%
Median: 5.99%
Q1: -10.30%
Min: -52.04%

RIO

Materials industry group

16.40%

Max: 51.93%
Q3: 17.83%
RIO: 16.40%
Median: 5.99%
Q1: -10.30%
Min: -52.04%

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 33.87% and Rio Tinto (RIO) at 17.29% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

NEM

Materials industry group

33.87%

Max: 35.99%
NEM: 33.87%
Q3: 14.91%
Median: 3.86%
Q1: 0.00%
Min: -21.87%

RIO

Materials industry group

17.29%

Max: 35.99%
RIO: 17.29%
Q3: 14.91%
Median: 3.86%
Q1: 0.00%
Min: -21.87%

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

Operating Margin (TTM)

Newmont (NEM) at 61.38% operates in the top operating margin quartile, ahead of Rio Tinto (RIO) at 25.32%, which runs around its industry’s norm.

NEM

Materials industry group

61.38%

Max: 66.92%
NEM: 61.38%
Q3: 27.44%
Median: 9.78%
Q1: 0.00%
Min: -32.85%

RIO

Materials industry group

25.32%

Max: 66.92%
Q3: 27.44%
RIO: 25.32%
Median: 9.78%
Q1: 0.00%
Min: -32.85%

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

Profitability at a Glance

Profitability metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
ROE (TTM)	25.83%	16.40%
ROA (TTM)	14.89%	7.86%
Net Margin (TTM)	33.87%	17.29%
Operating Margin (TTM)	61.38%	25.32%
Gross Margin (TTM)	67.36%	28.12%

Growth

Revenue Growth

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

Revenue Growth at a Glance

Revenue 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

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

EPS Growth at a Glance

EPS growth metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
EPS Growth (YoY)	118.84%	-13.97%
EPS Growth (3Y CAGR)	--	-7.23%

Financial Strength

Current Ratio (MRQ)

Both Newmont (NEM) at 2.44 and Rio Tinto (RIO) at 1.45 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

NEM

Materials industry group

2.44

Max: 6.31
Q3: 3.53
NEM: 2.44
Median: 2.27
Q1: 1.43
Min: 0.12

RIO

Materials industry group

1.45

Max: 6.31
Q3: 3.53
Median: 2.27
RIO: 1.45
Q1: 1.43
Min: 0.12

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 0.35 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NEM

Materials industry group

0.16

Max: 2.02
Q3: 0.92
Median: 0.44
NEM: 0.16
Q1: 0.13
Min: 0.00

RIO

Materials industry group

0.35

Max: 2.02
Q3: 0.92
Median: 0.44
RIO: 0.35
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 at a Glance

Financial strength metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Current Ratio (MRQ)	2.44	1.45
Debt / Equity (MRQ)	0.16	0.35
Net Debt / EBITDA	-0.20	0.71

Dividends

Dividend Yield (TTM)

Rio Tinto (RIO) at 4.21% delivers top-quartile income for its industry, while Newmont (NEM) at 1.04% pays a more typical yield — both are credible income propositions, RIO the richer one.

NEM

Materials industry group

1.04%

Max: 4.68%
Q3: 1.92%
NEM: 1.04%
Median: 0.45%
Q1: 0.00%
Min: 0.00%

RIO

Materials industry group

4.21%

Max: 4.68%
RIO: 4.21%
Q3: 1.92%
Median: 0.45%
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 13.10% pays out a band-typical share of earnings, while Rio Tinto (RIO) at 61.31% distributes more than its industry norm — less retained, thinner cover.

NEM

Materials industry group

13.10%

Max: 90.00%
Q3: 38.38%
NEM: 13.10%
Median: 9.04%
Q1: 0.00%
Min: 0.00%

RIO

Materials industry group

61.31%

Max: 90.00%
RIO: 61.31%
Q3: 38.38%
Median: 9.04%
Q1: 0.00%
Min: 0.00%

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

Dividends at a Glance

Dividend metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
Dividend Yield (TTM)	1.04%	4.21%
Dividend Payout Ratio (TTM)	13.10%	61.31%

Valuation

P/E Ratio (TTM)

Newmont (NEM) at 12.20 sits in the cheaper P/E ratio quartile, while Rio Tinto (RIO) at 15.47 is closer to its industry’s usual earnings multiple — a discount for NEM, though growth and earnings durability still matter.

NEM

Materials industry group

12.20

Max: 59.75
Q3: 32.48
Median: 21.14
Q1: 13.53
NEM: 12.20
Min: 4.56

RIO

Materials industry group

15.47

Max: 59.75
Q3: 32.48
Median: 21.14
RIO: 15.47
Q1: 13.53
Min: 4.56

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

P/S Ratio (TTM)

On P/S ratio, both Newmont (NEM) at 4.02 and Rio Tinto (RIO) at 2.65 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NEM

Materials industry group

4.02

Max: 9.53
Q3: 4.32
NEM: 4.02
Median: 1.97
Q1: 0.77
Min: 0.00

RIO

Materials industry group

2.65

Max: 9.53
Q3: 4.32
RIO: 2.65
Median: 1.97
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 2.89 and Rio Tinto (RIO) at 2.46 are valued close to their industries’ norm against book — neither stands out from peers.

NEM

Materials industry group

2.89

Max: 7.88
Q3: 4.11
NEM: 2.89
Median: 2.39
Q1: 1.40
Min: -0.38

RIO

Materials industry group

2.46

Max: 7.88
Q3: 4.11
RIO: 2.46
Median: 2.39
Q1: 1.40
Min: -0.38

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

Valuation at a Glance

Valuation metrics for Newmont (NEM) and Rio Tinto (RIO)
Metric	NEM	RIO
P/E Ratio (TTM)	12.20	15.47
P/S Ratio (TTM)	4.02	2.65
P/B Ratio (MRQ)	2.89	2.46
Free Cash Flow Yield (TTM)	9.77%	2.29%