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Side-by-side financial comparison of Newmont (NEM) and TENET HEALTHCARE CORP (THC). Click either name above to swap in a different company.

Newmont is the larger business by last-quarter revenue ($7.3B vs $5.5B, roughly 1.3× TENET HEALTHCARE CORP). Newmont runs the higher net margin — 26.0% vs 11.7%, a 14.4% gap on every dollar of revenue. On growth, TENET HEALTHCARE CORP posted the faster year-over-year revenue change (9.0% vs -31.4%). Newmont produced more free cash flow last quarter ($1.2B vs $367.0M). Over the past eight quarters, Newmont's revenue compounded faster (28.8% CAGR vs 1.5%).

Newmont Corporation is an American gold mining company based in Denver, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it holds ownership of gold mines in the United States, Canada, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. Newmont is also a partial owner of Nevada Gold Mines in Nevada with Barrick Mining being the majority owner and operator. In addition to gold, Newmont mines copper, silver, zinc and lead.

Tenet Healthcare Corporation is an American for-profit multinational healthcare services company based in Dallas. Through its brands, subsidiaries, joint ventures, and partnerships including United Surgical Partners International (USPI), the company operates 65 hospitals and over 450 healthcare facilities. Tenet also runs Conifer Health Solutions, which provides healthcare support services to health systems and other clients.

NEM vs THC — Head-to-Head

Bigger by revenue
NEM
NEM
1.3× larger
NEM
$7.3B
$5.5B
THC
Growing faster (revenue YoY)
THC
THC
+40.4% gap
THC
9.0%
-31.4%
NEM
Higher net margin
NEM
NEM
14.4% more per $
NEM
26.0%
11.7%
THC
More free cash flow
NEM
NEM
$838.0M more FCF
NEM
$1.2B
$367.0M
THC
Faster 2-yr revenue CAGR
NEM
NEM
Annualised
NEM
28.8%
1.5%
THC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NEM
NEM
THC
THC
Revenue
$7.3B
$5.5B
Net Profit
$1.9B
$644.0M
Gross Margin
Operating Margin
15.4%
Net Margin
26.0%
11.7%
Revenue YoY
-31.4%
9.0%
Net Profit YoY
45.3%
12.6%
EPS (diluted)
$1.68
$4.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NEM
NEM
THC
THC
Q1 26
$7.3B
Q4 25
$6.8B
$5.5B
Q3 25
$5.5B
$5.3B
Q2 25
$5.3B
$5.3B
Q1 25
$5.0B
$5.2B
Q4 24
$5.7B
$5.1B
Q3 24
$4.6B
$5.1B
Q2 24
$4.4B
$5.1B
Net Profit
NEM
NEM
THC
THC
Q1 26
$1.9B
Q4 25
$1.3B
$644.0M
Q3 25
$1.8B
$579.0M
Q2 25
$2.1B
$522.0M
Q1 25
$1.9B
$622.0M
Q4 24
$1.4B
$572.0M
Q3 24
$922.0M
$681.0M
Q2 24
$853.0M
$477.0M
Operating Margin
NEM
NEM
THC
THC
Q1 26
Q4 25
47.6%
15.4%
Q3 25
45.4%
16.8%
Q2 25
58.6%
15.6%
Q1 25
49.3%
18.1%
Q4 24
36.3%
16.2%
Q3 24
23.0%
21.3%
Q2 24
23.5%
14.9%
Net Margin
NEM
NEM
THC
THC
Q1 26
26.0%
Q4 25
19.1%
11.7%
Q3 25
33.2%
10.9%
Q2 25
38.8%
9.9%
Q1 25
37.7%
11.9%
Q4 24
24.8%
11.3%
Q3 24
20.0%
13.3%
Q2 24
19.4%
9.3%
EPS (diluted)
NEM
NEM
THC
THC
Q1 26
$1.68
Q4 25
$1.19
$4.22
Q3 25
$1.67
$3.86
Q2 25
$1.85
$3.14
Q1 25
$1.68
$4.27
Q4 24
$1.23
$3.79
Q3 24
$0.80
$4.89
Q2 24
$0.74
$2.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NEM
NEM
THC
THC
Cash + ST InvestmentsLiquidity on hand
$4.7B
$2.9B
Total DebtLower is stronger
$13.1B
Stockholders' EquityBook value
$31.4B
$4.2B
Total Assets
$55.5B
$29.7B
Debt / EquityLower = less leverage
3.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEM
NEM
THC
THC
Q1 26
$4.7B
Q4 25
$8.2B
$2.9B
Q3 25
$6.0B
$3.0B
Q2 25
$6.7B
$2.6B
Q1 25
$4.7B
$3.0B
Q4 24
$3.6B
$3.0B
Q3 24
$3.1B
$4.1B
Q2 24
$2.7B
$2.9B
Total Debt
NEM
NEM
THC
THC
Q1 26
Q4 25
$5.1B
$13.1B
Q3 25
$5.2B
$13.1B
Q2 25
$7.1B
$13.1B
Q1 25
$7.5B
$13.1B
Q4 24
$8.5B
$13.1B
Q3 24
$8.6B
$12.8B
Q2 24
$8.7B
$12.8B
Stockholders' Equity
NEM
NEM
THC
THC
Q1 26
$31.4B
Q4 25
$33.9B
$4.2B
Q3 25
$33.2B
$4.0B
Q2 25
$32.1B
$3.7B
Q1 25
$31.2B
$4.2B
Q4 24
$29.9B
$4.2B
Q3 24
$29.7B
$3.8B
Q2 24
$29.4B
$3.5B
Total Assets
NEM
NEM
THC
THC
Q1 26
$55.5B
Q4 25
$57.1B
$29.7B
Q3 25
$54.7B
$29.4B
Q2 25
$55.2B
$28.7B
Q1 25
$55.5B
$29.2B
Q4 24
$56.3B
$28.9B
Q3 24
$56.2B
$29.4B
Q2 24
$55.7B
$29.3B
Debt / Equity
NEM
NEM
THC
THC
Q1 26
Q4 25
0.15×
3.10×
Q3 25
0.16×
3.26×
Q2 25
0.22×
3.49×
Q1 25
0.24×
3.13×
Q4 24
0.28×
3.14×
Q3 24
0.29×
3.33×
Q2 24
0.30×
3.67×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NEM
NEM
THC
THC
Operating Cash FlowLast quarter
$731.0M
Free Cash FlowOCF − Capex
$1.2B
$367.0M
FCF MarginFCF / Revenue
16.5%
6.6%
Capex IntensityCapex / Revenue
11.3%
6.6%
Cash ConversionOCF / Net Profit
1.14×
TTM Free Cash FlowTrailing 4 quarters
$7.3B
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEM
NEM
THC
THC
Q1 26
Q4 25
$3.6B
$731.0M
Q3 25
$2.3B
$1.1B
Q2 25
$2.4B
$936.0M
Q1 25
$2.0B
$815.0M
Q4 24
$2.5B
$-331.0M
Q3 24
$1.6B
$1.0B
Q2 24
$1.4B
$747.0M
Free Cash Flow
NEM
NEM
THC
THC
Q1 26
$1.2B
Q4 25
$2.8B
$367.0M
Q3 25
$1.6B
$778.0M
Q2 25
$1.7B
$743.0M
Q1 25
$1.2B
$642.0M
Q4 24
$1.6B
$-661.0M
Q3 24
$771.0M
$829.0M
Q2 24
$628.0M
$602.0M
FCF Margin
NEM
NEM
THC
THC
Q1 26
16.5%
Q4 25
41.3%
6.6%
Q3 25
28.4%
14.7%
Q2 25
32.2%
14.1%
Q1 25
24.1%
12.3%
Q4 24
28.9%
-13.0%
Q3 24
16.7%
16.2%
Q2 24
14.3%
11.8%
Capex Intensity
NEM
NEM
THC
THC
Q1 26
11.3%
Q4 25
11.9%
6.6%
Q3 25
13.2%
5.3%
Q2 25
12.7%
3.7%
Q1 25
16.5%
3.3%
Q4 24
15.5%
6.5%
Q3 24
19.0%
4.2%
Q2 24
18.2%
2.8%
Cash Conversion
NEM
NEM
THC
THC
Q1 26
Q4 25
2.78×
1.14×
Q3 25
1.25×
1.83×
Q2 25
1.16×
1.79×
Q1 25
1.07×
1.31×
Q4 24
1.79×
-0.58×
Q3 24
1.79×
1.53×
Q2 24
1.67×
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NEM
NEM

Consolidated gold sales, net$6.0B83%
Consolidated silver sales, net$658.0M9%
Consolidated copper sales, net$378.0M5%
Consolidated zinc sales, net$183.0M3%
Consolidated lead sales, net$52.0M1%

THC
THC

Other$2.9B52%
Health Care Patient Service$1.4B25%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$1.2B22%
Health Care Other Sources$56.0M1%

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