New Gold Past Earnings Performance

Past criteria checks 6/6

New Gold has been growing earnings at an average annual rate of 32.2%, while the Metals and Mining industry saw earnings growing at 2.9% annually. Revenues have been growing at an average rate of 10.3% per year. New Gold's return on equity is 20.1%, and it has net margins of 20.1%.

Key information

32.16%

Earnings growth rate

29.03%

EPS growth rate

Metals and Mining Industry Growth	30.50%
Revenue growth rate	10.33%
Return on equity	20.11%
Net Margin	20.07%
Last Earnings Update	30 Sep 2025

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How New Gold makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BMV:NGD N Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 25	1,242	249	83
30 Jun 25	1,032	145	75
31 Mar 25	942	129	65
31 Dec 24	925	103	58
30 Sep 24	862	20	55
30 Jun 24	811	-20	43
31 Mar 24	777	-76	39
31 Dec 23	787	-64	40
30 Sep 23	750	-54	38
30 Jun 23	700	-55	37
31 Mar 23	631	-91	36
31 Dec 22	604	-67	40
30 Sep 22	644	101	41
30 Jun 22	673	94	40
31 Mar 22	755	116	41
31 Dec 21	746	141	35
30 Sep 21	742	-31	35
30 Jun 21	736	-4	35
31 Mar 21	666	-34	29
31 Dec 20	643	-79	29
30 Sep 20	584	-58	25
30 Jun 20	578	-98	24
31 Mar 20	605	-88	25
31 Dec 19	631	-73	25
30 Sep 19	649	-816	28
30 Jun 19	628	-793	26
31 Mar 19	625	-1,071	26
31 Dec 18	605	-1,086	27
30 Sep 18	571	-570	22
30 Jun 18	517	-542	28
31 Mar 18	412	-217	32
31 Dec 17	389	-158	35
30 Sep 17	406	45	40
30 Jun 17	428	20	37
31 Mar 17	493	-3	35
31 Dec 16	523	-9	35
30 Sep 16	581	5	67
30 Jun 16	643	-153	69
31 Mar 16	699	-132	70
31 Dec 15	713	-201	68
30 Sep 15	702	-624	58
30 Jun 15	694	-526	61
31 Mar 15	704	-519	64
31 Dec 14	726	-477	70

Quality Earnings: NGD N has high quality earnings.

Growing Profit Margin: NGD N's current net profit margins (20.1%) are higher than last year (2.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NGD N has become profitable over the past 5 years, growing earnings by 32.2% per year.

Accelerating Growth: NGD N's earnings growth over the past year (1140.3%) exceeds its 5-year average (32.2% per year).

Earnings vs Industry: NGD N earnings growth over the past year (1140.3%) exceeded the Metals and Mining industry 20.3%.

Return on Equity

High ROE: NGD N's Return on Equity (20.1%) is considered high.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/11 13:27
End of Day Share Price	2025/10/29 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

New Gold Inc. is covered by 31 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Farooq Hamed	Barclays
Brian Quast	BMO Capital Markets Equity Research
Lawson Winder	BofA Global Research