NEM vs. STLD: Newmont vs. Steel Dynamics Stock Comparison

November 11, 2026

How do Newmont (NEM) and Steel Dynamics (STLD) 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 Steel Dynamics (STLD) both belong to the Metals & Mining industry, though NEM is classified under Gold while STLD falls under Steel.

Company profile comparison for Newmont (NEM) and Steel Dynamics (STLD)
Profile Item	NEM	STLD
Name	Newmont Corporation	Steel Dynamics, Inc.
Country/Region	United States	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Steel
Market Capitalization	125.65 billion USD	31.70 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 17, 1980	November 22, 1996
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NEM

STLD

GSPC

Newmont (NEM) vs. Steel Dynamics (STLD), 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 Steel Dynamics (STLD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Newmont (NEM) and Steel Dynamics (STLD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Newmont (NEM) and Steel Dynamics (STLD)
Metric	NEM	STLD
Total Return (1Y)	51.53%	52.02%
Total Return (3Y, Annualized)	57.50%	29.83%
Total Return (5Y, Annualized)	20.41%	30.20%

Risk Profile

Drawdown History

NEM

STLD

GSPC

Newmont (NEM) vs. Steel Dynamics (STLD), 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 Steel Dynamics (STLD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Steel Dynamics (STLD) has an aggressive beta of 1.46, indicating higher sensitivity to broad-market moves, while Newmont (NEM) is defensive at 0.51 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Newmont (NEM) and Steel Dynamics (STLD)
Metric	NEM	STLD
Volatility (1Y, Annualized)	48.55%	36.62%
Beta (5Y)	0.51	1.46
Max Drawdown (5Y)	-62.40%	-32.20%
Avg. Volume (3M)	6.95M	1.06M

Risk-Adjusted Performance

Risk-Return Positioning

NEM and STLD 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 Steel Dynamics (STLD)
Metric	NEM	STLD
Sharpe Ratio (1Y)	0.97	1.30
Sortino Ratio (1Y)	1.41	1.92

Profitability

ROE (TTM)

Both Newmont (NEM) at 27.26% and Steel Dynamics (STLD) at 20.81% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

NEM

Materials industry group

27.26%

Max: 52.88%
NEM: 27.26%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

STLD

Materials industry group

20.81%

Max: 52.88%
STLD: 20.81%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Newmont (NEM) at 34.73% retains a top-quartile share of revenue as profit, ahead of Steel Dynamics (STLD) at 8.82%, which keeps about the industry-typical share.

NEM

Materials industry group

34.73%

Max: 38.66%
NEM: 34.73%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

STLD

Materials industry group

8.82%

Max: 38.66%
Q3: 15.98%
STLD: 8.82%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Newmont (NEM) at 49.99% operates in the top operating margin quartile, ahead of Steel Dynamics (STLD) at 15.46%, which runs around its industry’s norm.

NEM

Materials industry group

49.99%

Max: 66.70%
NEM: 49.99%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

STLD

Materials industry group

15.46%

Max: 66.70%
Q3: 28.92%
STLD: 15.46%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Newmont (NEM) and Steel Dynamics (STLD)
Metric	NEM	STLD
ROE (TTM)	27.26%	20.81%
ROA (TTM)	16.37%	9.45%
Net Margin (TTM)	34.73%	8.82%
Operating Margin (TTM)	49.99%	15.46%
Gross Margin (TTM)	68.04%	15.90%

Growth

Revenue Growth

Both Newmont (NEM) at 21.34% and Steel Dynamics (STLD) at 3.63% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Newmont (NEM) vs. Steel Dynamics (STLD): 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 Steel Dynamics (STLD) at -18.80% is closer to the peer norm — faster per-share earnings growth for NEM.

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Newmont (NEM) and Steel Dynamics (STLD)
Metric	NEM	STLD
Revenue Growth (YoY)	21.34%	3.63%
Revenue Growth (3Y CAGR)	23.91%	-6.53%
EPS Growth (YoY)	118.84%	-18.80%
EPS Growth (3Y CAGR)	--	-27.45%

Financial Strength

Current Ratio (MRQ)

Both Newmont (NEM) at 2.45 and Steel Dynamics (STLD) at 3.15 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

NEM

Materials industry group

2.45

Max: 5.96
Q3: 3.30
NEM: 2.45
Median: 2.24
Q1: 1.45
Min: 0.16

STLD

Materials industry group

3.15

Max: 5.96
Q3: 3.30
STLD: 3.15
Median: 2.24
Q1: 1.45
Min: 0.16

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Newmont (NEM) at 0.16 and Steel Dynamics (STLD) at 0.45 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NEM

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
NEM: 0.16
Q1: 0.13
Min: 0.00

STLD

Materials industry group

0.45

Max: 1.98
Q3: 0.89
Median: 0.47
STLD: 0.45
Q1: 0.13
Min: 0.00

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Newmont (NEM) and Steel Dynamics (STLD)
Metric	NEM	STLD
Current Ratio (MRQ)	2.45	3.15
Debt / Equity (MRQ)	0.16	0.45
Net Debt / EBITDA	-0.18	1.09

Dividends

Dividend Yield (TTM)

Both Newmont (NEM) at 0.87% and Steel Dynamics (STLD) at 0.94% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

NEM

Materials industry group

0.87%

Max: 4.52%
Q3: 1.85%
NEM: 0.87%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

STLD

Materials industry group

0.94%

Max: 4.52%
Q3: 1.85%
STLD: 0.94%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Newmont (NEM) at 11.95% and Steel Dynamics (STLD) at 15.44% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

NEM

Materials industry group

11.95%

Max: 83.62%
Q3: 41.37%
NEM: 11.95%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

STLD

Materials industry group

15.44%

Max: 83.62%
Q3: 41.37%
STLD: 15.44%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Newmont (NEM) and Steel Dynamics (STLD)
Metric	NEM	STLD
Dividend Yield (TTM)	0.87%	0.94%
Dividend Payout Ratio (TTM)	11.95%	15.44%

Valuation

P/E Ratio (TTM)

Both Newmont (NEM) at 14.03 and Steel Dynamics (STLD) at 16.46 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

NEM

Materials industry group

14.03

Max: 59.00
Q3: 32.93
Median: 18.82
NEM: 14.03
Q1: 11.96
Min: 3.93

STLD

Materials industry group

16.46

Max: 59.00
Q3: 32.93
Median: 18.82
STLD: 16.46
Q1: 11.96
Min: 3.93

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Steel Dynamics (STLD) at 1.43 is priced about in line with its industry on P/S ratio, while Newmont (NEM) at 4.72 sits in the pricier quartile — NEM costs more per dollar of sales.

NEM

Materials industry group

4.72

Max: 9.62
NEM: 4.72
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

STLD

Materials industry group

1.43

Max: 9.62
Q3: 4.34
Median: 1.87
STLD: 1.43
Q1: 0.73
Min: 0.00

Newmont (NEM) vs. Steel Dynamics (STLD): 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 3.53 and Steel Dynamics (STLD) at 3.23 are valued close to their industries’ norm against book — neither stands out from peers.

NEM

Materials industry group

3.53

Max: 6.59
Q3: 3.55
NEM: 3.53
Median: 2.08
Q1: 1.26
Min: -0.17

STLD

Materials industry group

3.23

Max: 6.59
Q3: 3.55
STLD: 3.23
Median: 2.08
Q1: 1.26
Min: -0.17

Newmont (NEM) vs. Steel Dynamics (STLD): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Newmont (NEM) and Steel Dynamics (STLD)
Metric	NEM	STLD
P/E Ratio (TTM)	14.03	16.46
P/S Ratio (TTM)	4.72	1.43
P/B Ratio (MRQ)	3.53	3.23
Free Cash Flow Yield (TTM)	7.29%	1.36%