GOLD Profitability Analysis: Past Growth, Margins, Return on Capital, Free Cash Flow, and more - Barrick Gold Corp - Alpha Spread

Barrick Gold Corp
NYSE:GOLD

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Barrick Gold Corp
NYSE:GOLD
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Price: 20.23 USD -3.71% Market Closed
Market Cap: 35.5B USD
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Profitability Summary

We take all the information about a company's profitability (such as its margins, capital efficiency, free cash flow generating ability, and more) and consolidate it into one single number - the profitability score. The higher the profitability score, the more profitable the company is.

Past Growth

To be successful and remain in business, both growth and profitability are important and necessary. Net Income growth is often seen as a sign of a company's efficiency from an operational standpoint, but is influenced heavily by a company's goals and challenges and should therefore be assessed in conjunction with other metrics like revenue and operating income growth.

Margins

Profit margins represent what percentage of sales has turned into profits. Simply put, the percentage figure indicates how many cents of profit the company has generated for each dollar of sale.

Profit margins help investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Earnings Waterfall
Barrick Gold Corp

Revenue
11.8B USD
Cost of Revenue
-8B USD
Gross Profit
3.9B USD
Operating Expenses
-635m USD
Operating Income
3.2B USD
Other Expenses
-1.7B USD
Net Income
1.5B USD

Margins Comparison
Barrick Gold Corp Competitors

Country Company Market Cap Gross
Margin
Operating
Margin
Net
Margin
CA
Barrick Gold Corp
TSX:ABX
48B CAD
33%
27%
13%
RU
Polyus PJSC
LSE:PLZL
70.4T USD
62%
51%
32%
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
116.8B Zac
28%
23%
14%
CN
Zijin Mining Group Co Ltd
SSE:601899
465.4B CNY
16%
13%
9%
US
Newmont Corporation
NYSE:NEM
62B USD
47%
14%
-13%
CA
Agnico Eagle Mines Ltd
NYSE:AEM
40.9B USD
58%
30%
8%
CA
Wheaton Precious Metals Corp
NYSE:WPM
28.3B USD
58%
53%
50%
CA
Franco-Nevada Corp
NYSE:FNV
24.1B USD
64%
62%
-52%
RU
Polyus PAO
MOEX:PLZL
1.8T RUB
69%
59%
32%
ZA
Gold Fields Ltd
NYSE:GFI
14.5B USD
37%
37%
15%
CN
Shandong Gold Mining Co Ltd
SSE:600547
100.7B CNY
14%
10%
3%
Country CA
Market Cap 48B CAD
Gross Margin
33%
Operating Margin
27%
Net Margin
13%
Country RU
Market Cap 70.4T USD
Gross Margin
62%
Operating Margin
51%
Net Margin
32%
Country ZA
Market Cap 116.8B Zac
Gross Margin
28%
Operating Margin
23%
Net Margin
14%
Country CN
Market Cap 465.4B CNY
Gross Margin
16%
Operating Margin
13%
Net Margin
9%
Country US
Market Cap 62B USD
Gross Margin
47%
Operating Margin
14%
Net Margin
-13%
Country CA
Market Cap 40.9B USD
Gross Margin
58%
Operating Margin
30%
Net Margin
8%
Country CA
Market Cap 28.3B USD
Gross Margin
58%
Operating Margin
53%
Net Margin
50%
Country CA
Market Cap 24.1B USD
Gross Margin
64%
Operating Margin
62%
Net Margin
-52%
Country RU
Market Cap 1.8T RUB
Gross Margin
69%
Operating Margin
59%
Net Margin
32%
Country ZA
Market Cap 14.5B USD
Gross Margin
37%
Operating Margin
37%
Net Margin
15%
Country CN
Market Cap 100.7B CNY
Gross Margin
14%
Operating Margin
10%
Net Margin
3%

Return on Capital

Return on capital ratios give a sense of how well a company is using its capital (equity, assets, capital employed, etc.) to generate profits (operating income, net income, etc.). In simple words, these ratios show how much income is generated for each dollar of capital invested.

Return on Capital Comparison
Barrick Gold Corp Competitors

Country Company Market Cap ROE ROA ROCE ROIC
CA
Barrick Gold Corp
TSX:ABX
48B CAD
7%
3%
7%
6%
RU
Polyus PJSC
LSE:PLZL
70.4T USD
40%
22%
43%
33%
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
116.8B Zac
23%
15%
27%
20%
CN
Zijin Mining Group Co Ltd
SSE:601899
465.4B CNY
23%
7%
14%
11%
US
Newmont Corporation
NYSE:NEM
62B USD
-8%
-4%
5%
7%
CA
Agnico Eagle Mines Ltd
NYSE:AEM
40.9B USD
3%
2%
8%
4%
CA
Wheaton Precious Metals Corp
NYSE:WPM
28.3B USD
8%
8%
9%
9%
CA
Franco-Nevada Corp
NYSE:FNV
24.1B USD
-9%
-9%
11%
19%
RU
Polyus PAO
MOEX:PLZL
1.8T RUB
39%
20%
46%
36%
ZA
Gold Fields Ltd
NYSE:GFI
14.5B USD
14%
8%
24%
13%
CN
Shandong Gold Mining Co Ltd
SSE:600547
100.7B CNY
7%
2%
10%
6%
Country CA
Market Cap 48B CAD
ROE
7%
ROA
3%
ROCE
7%
ROIC
6%
Country RU
Market Cap 70.4T USD
ROE
40%
ROA
22%
ROCE
43%
ROIC
33%
Country ZA
Market Cap 116.8B Zac
ROE
23%
ROA
15%
ROCE
27%
ROIC
20%
Country CN
Market Cap 465.4B CNY
ROE
23%
ROA
7%
ROCE
14%
ROIC
11%
Country US
Market Cap 62B USD
ROE
-8%
ROA
-4%
ROCE
5%
ROIC
7%
Country CA
Market Cap 40.9B USD
ROE
3%
ROA
2%
ROCE
8%
ROIC
4%
Country CA
Market Cap 28.3B USD
ROE
8%
ROA
8%
ROCE
9%
ROIC
9%
Country CA
Market Cap 24.1B USD
ROE
-9%
ROA
-9%
ROCE
11%
ROIC
19%
Country RU
Market Cap 1.8T RUB
ROE
39%
ROA
20%
ROCE
46%
ROIC
36%
Country ZA
Market Cap 14.5B USD
ROE
14%
ROA
8%
ROCE
24%
ROIC
13%
Country CN
Market Cap 100.7B CNY
ROE
7%
ROA
2%
ROCE
10%
ROIC
6%

Free Cash Flow

Free cash flow (FCF) is the money a company has left over after paying its operating expenses and capital expenditures. The more free cash flow a company has, the more it can allocate to dividends, paying down debt, and growth opportunities.

If a company has a decreasing free cash flow, that is not necessarily bad if the company is investing in its growth.

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