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NEM vs LIN
Revenue, margins, valuation, and 5-year total return — side by side.
Chemicals - Specialty
NEM vs LIN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Gold | Chemicals - Specialty |
| Market Cap | $120.78B | $231.88B |
| Revenue (TTM) | $17.23B | $34.66B |
| Net Income (TTM) | $5.26B | $7.13B |
| Gross Margin | 52.1% | 46.0% |
| Operating Margin | 49.3% | 28.8% |
| Forward P/E | 10.5x | 28.0x |
| Total Debt | $474M | $26.99B |
| Cash & Equiv. | $7.65B | $5.06B |
NEM vs LIN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Newmont Corporation (NEM) | 100 | 186.4 | +86.4% |
| Linde plc (LIN) | 100 | 247.3 | +147.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NEM vs LIN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NEM carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 19.1%, EPS growth 124.1%, 3Y rev CAGR 22.7%
- Lower volatility, beta 0.75, Low D/E 1.4%, current ratio 1.72x
- PEG 0.82 vs LIN's 1.10
LIN is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 6 yrs, beta 0.24, yield 1.2%
- 379.1% 10Y total return vs NEM's 267.2%
- Beta 0.24, yield 1.2%, current ratio 0.88x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 19.1% revenue growth vs LIN's 3.0% | |
| Value | Lower P/E (10.5x vs 28.0x), PEG 0.82 vs 1.10 | |
| Quality / Margins | 30.5% margin vs LIN's 20.6% | |
| Stability / Safety | Beta 0.24 vs NEM's 0.75 | |
| Dividends | 1.2% yield, 6-year raise streak, vs NEM's 0.9% | |
| Momentum (1Y) | +107.4% vs LIN's +11.9% | |
| Efficiency (ROA) | 9.4% ROA vs LIN's 8.3%, ROIC 24.9% vs 11.3% |
NEM vs LIN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NEM vs LIN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NEM leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LIN is the larger business by revenue, generating $34.7B annually — 2.0x NEM's $17.2B. NEM is the more profitable business, keeping 30.5% of every revenue dollar as net income compared to LIN's 20.6%. On growth, LIN holds the edge at +8.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $17.2B | $34.7B |
| EBITDAEarnings before interest/tax | $12.7B | $12.1B |
| Net IncomeAfter-tax profit | $5.3B | $7.1B |
| Free Cash FlowCash after capex | $12.9B | $5.1B |
| Gross MarginGross profit ÷ Revenue | +52.1% | +46.0% |
| Operating MarginEBIT ÷ Revenue | +49.3% | +28.8% |
| Net MarginNet income ÷ Revenue | +30.5% | +20.6% |
| FCF MarginFCF ÷ Revenue | +75.0% | +14.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -100.0% | +8.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -100.0% | +13.4% |
Valuation Metrics
NEM leads this category, winning 7 of 7 comparable metrics.
Valuation Metrics
At 17.0x trailing earnings, NEM trades at a 50% valuation discount to LIN's 34.3x P/E. Adjusting for growth (PEG ratio), NEM offers better value at 1.33x vs LIN's 1.35x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $120.8B | $231.9B |
| Enterprise ValueMkt cap + debt − cash | $113.6B | $253.8B |
| Trailing P/EPrice ÷ TTM EPS | 17.01x | 34.30x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.47x | 28.03x |
| PEG RatioP/E ÷ EPS growth rate | 1.33x | 1.35x |
| EV / EBITDAEnterprise value multiple | 8.66x | 19.99x |
| Price / SalesMarket cap ÷ Revenue | 5.47x | 6.82x |
| Price / BookPrice ÷ Book value/share | 3.55x | 5.90x |
| Price / FCFMarket cap ÷ FCF | 16.55x | 45.56x |
Profitability & Efficiency
NEM leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
LIN delivers a 17.8% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $16 for NEM. NEM carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to LIN's 0.68x. On the Piotroski fundamental quality scale (0–9), NEM scores 9/9 vs LIN's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +15.6% | +17.8% |
| ROA (TTM)Return on assets | +9.4% | +8.3% |
| ROICReturn on invested capital | +24.9% | +11.3% |
| ROCEReturn on capital employed | +20.7% | +13.0% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 6 |
| Debt / EquityFinancial leverage | 0.01x | 0.68x |
| Net DebtTotal debt minus cash | -$7.2B | $21.9B |
| Cash & Equiv.Liquid assets | $7.6B | $5.1B |
| Total DebtShort + long-term debt | $474M | $27.0B |
| Interest CoverageEBIT ÷ Interest expense | 50.54x | 34.52x |
Total Returns (Dividends Reinvested)
Evenly matched — NEM and LIN each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LIN five years ago would be worth $18,055 today (with dividends reinvested), compared to $18,001 for NEM. Over the past 12 months, NEM leads with a +107.4% total return vs LIN's +11.9%. The 3-year compound annual growth rate (CAGR) favors NEM at 32.2% vs LIN's 12.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +8.0% | +17.0% |
| 1-Year ReturnPast 12 months | +107.4% | +11.9% |
| 3-Year ReturnCumulative with dividends | +130.8% | +41.2% |
| 5-Year ReturnCumulative with dividends | +80.0% | +80.6% |
| 10-Year ReturnCumulative with dividends | +267.2% | +379.1% |
| CAGR (3Y)Annualised 3-year return | +32.2% | +12.2% |
Risk & Volatility
LIN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
LIN is the less volatile stock with a 0.24 beta — it tends to amplify market swings less than NEM's 0.75 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. LIN currently trades 96.0% from its 52-week high vs NEM's 80.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.75x | 0.24x |
| 52-Week HighHighest price in past year | $134.88 | $521.28 |
| 52-Week LowLowest price in past year | $48.27 | $387.78 |
| % of 52W HighCurrent price vs 52-week peak | +80.8% | +96.0% |
| RSI (14)Momentum oscillator 0–100 | 45.3 | 45.6 |
| Avg Volume (50D)Average daily shares traded | 9.2M | 2.3M |
Analyst Outlook
LIN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NEM as "Buy" and LIN as "Buy". Consensus price targets imply 26.1% upside for NEM (target: $138) vs 7.9% for LIN (target: $540). For income investors, LIN offers the higher dividend yield at 1.20% vs NEM's 0.92%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $137.50 | $539.71 |
| # AnalystsCovering analysts | 36 | 28 |
| Dividend YieldAnnual dividend ÷ price | +0.9% | +1.2% |
| Dividend StreakConsecutive years of raises | 1 | 6 |
| Dividend / ShareAnnual DPS | $1.00 | $6.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.9% | +2.0% |
NEM leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). LIN leads in 2 (Risk & Volatility, Analyst Outlook). 1 tied.
NEM vs LIN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NEM or LIN a better buy right now?
For growth investors, Newmont Corporation (NEM) is the stronger pick with 19.
1% revenue growth year-over-year, versus 3. 0% for Linde plc (LIN). Newmont Corporation (NEM) offers the better valuation at 17. 0x trailing P/E (10. 5x forward), making it the more compelling value choice. Analysts rate Newmont Corporation (NEM) a "Buy" — based on 36 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 — NEM or LIN?
On trailing P/E, Newmont Corporation (NEM) is the cheapest at 17.
0x versus Linde plc at 34. 3x. On forward P/E, Newmont Corporation is actually cheaper at 10. 5x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Newmont Corporation wins at 0. 82x versus Linde plc's 1. 10x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — NEM or LIN?
Over the past 5 years, Linde plc (LIN) delivered a total return of +80.
6%, compared to +80. 0% for Newmont Corporation (NEM). Over 10 years, the gap is even starker: LIN returned +379. 1% versus NEM's +267. 2%. 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 — NEM or LIN?
By beta (market sensitivity over 5 years), Linde plc (LIN) is the lower-risk stock at 0.
24β versus Newmont Corporation's 0. 75β — meaning NEM is approximately 213% more volatile than LIN relative to the S&P 500. On balance sheet safety, Newmont Corporation (NEM) carries a lower debt/equity ratio of 1% versus 68% for Linde plc — giving it more financial flexibility in a downturn.
05Which is growing faster — NEM or LIN?
By revenue growth (latest reported year), Newmont Corporation (NEM) is pulling ahead at 19.
1% versus 3. 0% for Linde plc (LIN). On earnings-per-share growth, the picture is similar: Newmont Corporation grew EPS 124. 1% year-over-year, compared to 7. 1% for Linde plc. Over a 3-year CAGR, NEM leads at 22. 7% 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 — NEM or LIN?
Newmont Corporation (NEM) is the more profitable company, earning 32.
1% net margin versus 20. 3% for Linde plc — meaning it keeps 32. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NEM leads at 46. 9% versus 26. 3% for LIN. At the gross margin level — before operating expenses — NEM leads at 49. 8%, 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 NEM or LIN more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Newmont Corporation (NEM) is the more undervalued stock at a PEG of 0. 82x versus Linde plc's 1. 10x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Newmont Corporation (NEM) trades at 10. 5x forward P/E versus 28. 0x for Linde plc — 17. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NEM: 26. 1% to $137. 50.
08Which pays a better dividend — NEM or LIN?
All stocks in this comparison pay dividends.
Linde plc (LIN) offers the highest yield at 1. 2%, versus 0. 9% for Newmont Corporation (NEM).
09Is NEM or LIN better for a retirement portfolio?
For long-horizon retirement investors, Linde plc (LIN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
24), 1. 2% yield, +379. 1% 10Y return). Both have compounded well over 10 years (LIN: +379. 1%, NEM: +267. 2%), 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 NEM and LIN?
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.
In terms of investment character: NEM is a mid-cap high-growth stock; LIN is a large-cap quality compounder stock. 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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