HMY
Harmony Gold Mining Company Limited
Gold
Market Cap$10.95B
5Y Perf.+426.4%
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Stock Comparison
HMY vs GFI
Revenue, margins, valuation, and 5-year total return — side by side.
GFI
Gold Fields Limited
Gold
Market Cap$41.35B
5Y Perf.+498.4%
HMY vs GFI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | HMY | GFI |
|---|---|---|
| Industry | Gold | Gold |
| Market Cap | $10.95B | $41.35B |
| Revenue (TTM) | $150.28B | $10.92B |
| Net Income (TTM) | $26.34B | $2.54B |
| Gross Margin | 38.3% | 43.1% |
| Operating Margin | 30.9% | 43.2% |
| Forward P/E | 0.4x | 7.9x |
| Total Debt | $2.23B | $2.95B |
| Cash & Equiv. | $13.10B | $860M |
HMY vs GFI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
HMY
GFI
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Harmony Gold Mining… (HMY) | 100 | 526.4 | +426.4% |
| Gold Fields Limited (GFI) | 100 | 598.4 | +498.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HMY vs GFI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: HMY leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Gold Fields Limited is the stronger pick specifically for profitability and margin quality and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
HMY
Harmony Gold Mining Company Limited
The Income Pick
HMY carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 0.90, yield 1.1%
- Rev growth 20.4%, EPS growth 67.7%, 3Y rev CAGR 20.1%
- Lower volatility, beta 0.90, Low D/E 4.6%, current ratio 1.72x
Best for: income & stability and growth exposure
GFI
Gold Fields Limited
The Long-Run Compounder
GFI is the clearest fit if your priority is long-term compounding.
- 9.9% 10Y total return vs HMY's 399.3%
- 23.2% margin vs HMY's 17.5%
- Beta 0.86 vs HMY's 0.90
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | HMY | 20.4% revenue growth vs GFI's 15.6% |
| Value | HMY | Lower P/E (0.4x vs 7.9x) |
| Quality / Margins | GFI | 23.2% margin vs HMY's 17.5% |
| Stability / Safety | GFI | Beta 0.86 vs HMY's 0.90 |
| Dividends | HMY | 1.1% yield, 2-year raise streak, vs GFI's 0.8% |
| Momentum (1Y) | GFI | +105.1% vs HMY's +8.3% |
| Efficiency (ROA) | HMY | 32.8% ROA vs GFI's 23.4%, ROIC 40.1% vs 24.0% |
HMY vs GFI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2022
HMY vs GFI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLHMYLAGGINGGFI
GFIGold Fields Limited
3leads
HMYHarmony Gold Mining C…
3leads
6 Total Categories
CATEGORYLEADERvs GFIMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
GFI6/6
Valuation MetricsMultiples, price ratios, and targets
HMY6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
HMY8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
GFI4/6
Risk & VolatilityBeta, volatility, and downside exposure
GFI2/2
Analyst OutlookRatings, price targets, and dividends
HMY2/2
Income & Cash Flow (Last 12 Months)
GFI leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HMY is the larger business by revenue, generating $150.3B annually — 13.8x GFI's $10.9B. GFI is the more profitable business, keeping 23.2% of every revenue dollar as net income compared to HMY's 17.5%. On growth, GFI holds the edge at +64.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | HMYHarmony Gold Mini… | GFIGold Fields Limit… |
|---|---|---|
| RevenueTrailing 12 months | $150.3B | $10.9B |
| EBITDAEarnings before interest/tax | $56.7B | $6.0B |
| Net IncomeAfter-tax profit | $26.3B | $2.5B |
| Free Cash FlowCash after capex | $20.4B | $2.0B |
| Gross MarginGross profit ÷ Revenue | +38.3% | +43.1% |
| Operating MarginEBIT ÷ Revenue | +30.9% | +43.2% |
| Net MarginNet income ÷ Revenue | +17.5% | +23.2% |
| FCF MarginFCF ÷ Revenue | +13.6% | +18.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +25.4% | +64.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +17.2% | +165.1% |
GFI leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
HMY leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 12.7x trailing earnings, HMY trades at a 62% valuation discount to GFI's 33.5x P/E. On an enterprise value basis, HMY's 6.7x EV/EBITDA is more attractive than GFI's 16.0x.
| Metric | HMYHarmony Gold Mini… | GFIGold Fields Limit… |
|---|---|---|
| Market CapShares × price | $10.9B | $41.4B |
| Enterprise ValueMkt cap + debt − cash | $10.3B | $43.4B |
| Trailing P/EPrice ÷ TTM EPS | 12.66x | 33.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.37x | 7.86x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.69x |
| EV / EBITDAEnterprise value multiple | 6.75x | 15.97x |
| Price / SalesMarket cap ÷ Revenue | 2.45x | 7.95x |
| Price / BookPrice ÷ Book value/share | 3.75x | 7.71x |
| Price / FCFMarket cap ÷ FCF | 16.76x | 58.31x |
HMY leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
HMY leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
HMY delivers a 56.1% return on equity — every $100 of shareholder capital generates $56 in annual profit, vs $41 for GFI. HMY carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to GFI's 0.55x. On the Piotroski fundamental quality scale (0–9), HMY scores 8/9 vs GFI's 5/9, reflecting strong financial health.
| Metric | HMYHarmony Gold Mini… | GFIGold Fields Limit… |
|---|---|---|
| ROE (TTM)Return on equity | +56.1% | +40.6% |
| ROA (TTM)Return on assets | +32.8% | +23.4% |
| ROICReturn on invested capital | +40.1% | +24.0% |
| ROCEReturn on capital employed | +35.3% | +27.6% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 |
| Debt / EquityFinancial leverage | 0.05x | 0.55x |
| Net DebtTotal debt minus cash | -$10.9B | $2.1B |
| Cash & Equiv.Liquid assets | $13.1B | $860M |
| Total DebtShort + long-term debt | $2.2B | $2.9B |
| Interest CoverageEBIT ÷ Interest expense | 44.14x | 44.58x |
HMY leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
GFI leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GFI five years ago would be worth $49,911 today (with dividends reinvested), compared to $37,525 for HMY. Over the past 12 months, GFI leads with a +105.1% total return vs HMY's +8.3%. The 3-year compound annual growth rate (CAGR) favors HMY at 50.9% vs GFI's 42.8% — a key indicator of consistent wealth creation.
| Metric | HMYHarmony Gold Mini… | GFIGold Fields Limit… |
|---|---|---|
| YTD ReturnYear-to-date | -9.1% | +9.4% |
| 1-Year ReturnPast 12 months | +8.3% | +105.1% |
| 3-Year ReturnCumulative with dividends | +243.6% | +191.4% |
| 5-Year ReturnCumulative with dividends | +275.2% | +399.1% |
| 10-Year ReturnCumulative with dividends | +399.3% | +989.0% |
| CAGR (3Y)Annualised 3-year return | +50.9% | +42.8% |
GFI leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
GFI leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
GFI is the less volatile stock with a 0.86 beta — it tends to amplify market swings less than HMY's 0.90 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GFI currently trades 75.0% from its 52-week high vs HMY's 67.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | HMYHarmony Gold Mini… | GFIGold Fields Limit… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.90x | 0.86x |
| 52-Week HighHighest price in past year | $26.06 | $61.64 |
| 52-Week LowLowest price in past year | $12.58 | $19.35 |
| % of 52W HighCurrent price vs 52-week peak | +67.3% | +75.0% |
| RSI (14)Momentum oscillator 0–100 | 43.1 | 39.2 |
| Avg Volume (50D)Average daily shares traded | 5.1M | 3.1M |
GFI leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
HMY leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates HMY as "Hold" and GFI as "Hold". For income investors, HMY offers the higher dividend yield at 1.13% vs GFI's 0.85%.
| Metric | HMYHarmony Gold Mini… | GFIGold Fields Limit… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | — | $54.42 |
| # AnalystsCovering analysts | 10 | 18 |
| Dividend YieldAnnual dividend ÷ price | +1.1% | +0.8% |
| Dividend StreakConsecutive years of raises | 2 | 0 |
| Dividend / ShareAnnual DPS | $3.27 | $0.39 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
HMY leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
GFI leads in 3 of 6 categories (Income & Cash Flow, Total Returns). HMY leads in 3 (Valuation Metrics, Profitability & Efficiency).
Best OverallHarmony Gold Mining Company… (HMY)Leads 3 of 6 categories
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HMY vs GFI: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HMY or GFI a better buy right now?
For growth investors, Harmony Gold Mining Company Limited (HMY) is the stronger pick with 20.
4% revenue growth year-over-year, versus 15. 6% for Gold Fields Limited (GFI). Harmony Gold Mining Company Limited (HMY) offers the better valuation at 12. 7x trailing P/E (0. 4x forward), making it the more compelling value choice. Analysts rate Harmony Gold Mining Company Limited (HMY) a "Hold" — based on 10 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HMY or GFI?
On trailing P/E, Harmony Gold Mining Company Limited (HMY) is the cheapest at 12.
7x versus Gold Fields Limited at 33. 5x. On forward P/E, Harmony Gold Mining Company Limited is actually cheaper at 0. 4x.
03Which is the better long-term investment — HMY or GFI?
Over the past 5 years, Gold Fields Limited (GFI) delivered a total return of +399.
1%, compared to +275. 2% for Harmony Gold Mining Company Limited (HMY). Over 10 years, the gap is even starker: GFI returned +989. 0% versus HMY's +399. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HMY or GFI?
By beta (market sensitivity over 5 years), Gold Fields Limited (GFI) is the lower-risk stock at 0.
86β versus Harmony Gold Mining Company Limited's 0. 90β — meaning HMY is approximately 5% more volatile than GFI relative to the S&P 500. On balance sheet safety, Harmony Gold Mining Company Limited (HMY) carries a lower debt/equity ratio of 5% versus 55% for Gold Fields Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — HMY or GFI?
By revenue growth (latest reported year), Harmony Gold Mining Company Limited (HMY) is pulling ahead at 20.
4% versus 15. 6% for Gold Fields Limited (GFI). On earnings-per-share growth, the picture is similar: Gold Fields Limited grew EPS 79. 2% year-over-year, compared to 67. 7% for Harmony Gold Mining Company Limited. Over a 3-year CAGR, HMY leads at 20. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HMY or GFI?
Gold Fields Limited (GFI) is the more profitable company, earning 23.
9% net margin versus 19. 5% for Harmony Gold Mining Company Limited — meaning it keeps 23. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GFI leads at 40. 2% versus 27. 5% for HMY. At the gross margin level — before operating expenses — GFI leads at 42. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HMY or GFI more undervalued right now?
On forward earnings alone, Harmony Gold Mining Company Limited (HMY) trades at 0.
4x forward P/E versus 7. 9x for Gold Fields Limited — 7. 5x cheaper on a one-year earnings basis.
08Which pays a better dividend — HMY or GFI?
All stocks in this comparison pay dividends.
Harmony Gold Mining Company Limited (HMY) offers the highest yield at 1. 1%, versus 0. 8% for Gold Fields Limited (GFI).
09Is HMY or GFI better for a retirement portfolio?
For long-horizon retirement investors, Gold Fields Limited (GFI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
86), 0. 8% yield, +989. 0% 10Y return). Both have compounded well over 10 years (GFI: +989. 0%, HMY: +399. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HMY and GFI?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(HMY: 25.4% · GFI: 64.2%)Net Margin>
%
(HMY: 17.5% · GFI: 23.2%)P/E Ratio<
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