Aris Mining Corporation (ARMN) Financial Ratios
25 years of historical data (2001–2025) · Basic Materials · Gold
EV/EBITDA
↑
9.89
↑+68% vs avg
5yr avg: 5.89
30Y Low4.4·High7.9
P/FCF
30.47
↑+27% vs avg
5yr avg: 24.05
30Y Low24.1·High24.1
P/B Ratio
↑
2.54
↑+126% vs avg
5yr avg: 1.13
30Y Low0.5·High2.1
ROE
↓
6.2%
↑-53% vs avg
5yr avg: 13.1%
30Y Low-72%·High55%
Debt/EBITDA
↓
1.28
↓-52% vs avg
5yr avg: 2.66
30Y Low0.6·High24.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ARMN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Aris Mining Corporation trades at 46.9x earnings, 35% above its 5-year average of 34.7x, sitting at the 100th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.4x, the stock trades at a premium of 100%. On a free-cash-flow basis, the stock trades at 30.5x P/FCF, 27% above the 5-year average of 24.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.9B | $3.1B | $555M | $451M | — | — | — | — | — | — | — |
| Enterprise Value | $4.1B | $3.2B | $823M | $639M | — | — | — | — | — | — | — |
| P/E Ratio → | 46.90 | 39.59 | 25.00 | 39.50 | — | — | — | — | — | — | — |
| P/S Ratio | 4.24 | 3.35 | 1.09 | 1.01 | — | — | — | — | — | — | — |
| P/B Ratio | 2.54 | 2.15 | 0.51 | 0.72 | — | — | — | — | — | — | — |
| P/FCF | 30.47 | 24.05 | — | — | — | — | — | — | — | — | — |
| P/OCF | 10.55 | 8.32 | 5.78 | 4.31 | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
ARMN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Aris Mining Corporation's enterprise value stands at 9.9x EBITDA, 68% above its 5-year average of 5.9x. The Basic Materials sector median is 11.2x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.49 | 1.61 | 1.43 | — | — | — | — | — | — | — |
| EV / EBITDA | 9.89 | 7.87 | 5.43 | 4.35 | — | — | — | — | — | — | — |
| EV / EBIT | 11.38 | 13.18 | 6.97 | 7.33 | — | — | — | — | — | — | — |
| EV / FCF | — | 25.09 | — | — | — | — | — | — | — | — | — |
ARMN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Aris Mining Corporation earns an operating margin of 38.5%, significantly above the Basic Materials sector average of 10.2%. Operating margins have expanded from 24.3% to 38.5% over the past 3 years, signaling improving operational efficiency. ROE of 6.2% is modest. ROIC of 18.3% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.6% | 49.6% | 38.4% | 41.5% | 51.0% | 43.7% | 49.2% | 43.7% | 33.1% | 32.0% | 34.6% |
| Operating Margin | 38.5% | 38.5% | 23.0% | 24.3% | 15.4% | 51.4% | 39.6% | -20.4% | 27.9% | 47.2% | 18.9% |
| Net Profit Margin | 8.4% | 8.4% | 4.8% | 2.6% | -1.2% | 48.7% | -1.2% | -41.9% | -1.3% | 17.1% | 2.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.2% | 6.2% | 2.9% | 2.0% | -1.0% | 55.2% | -3.0% | -72.2% | -1.4% | 18.1% | 2.2% |
| ROA | 3.5% | 3.5% | 1.5% | 0.9% | -0.4% | 22.6% | -0.9% | -32.4% | -0.8% | 8.9% | 1.0% |
| ROIC | 18.3% | 18.3% | 8.1% | 11.3% | 8.3% | 42.6% | 69.6% | -24.0% | 18.6% | 26.0% | 10.0% |
| ROCE | 17.6% | 17.6% | 7.7% | 9.6% | 6.2% | 28.0% | 41.6% | -19.4% | 19.7% | 28.4% | 12.1% |
ARMN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Aris Mining Corporation carries a Debt/EBITDA ratio of 1.3x, which is manageable (52% below the sector average of 2.7x). Net debt stands at $134M ($526M total debt minus $392M cash). Interest coverage of 6.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.36 | 0.36 | 0.48 | 0.61 | 0.88 | 0.66 | 0.74 | 0.78 | 0.30 | 0.44 | 0.47 |
| Debt / EBITDA | 1.28 | 1.28 | 3.44 | 2.61 | 4.59 | 1.39 | 0.81 | 0.64 | 0.70 | 0.82 | 1.82 |
| Net Debt / Equity | — | 0.09 | 0.25 | 0.30 | 0.28 | -0.01 | 0.12 | -0.02 | 0.16 | 0.43 | 0.46 |
| Net Debt / EBITDA | 0.32 | 0.32 | 1.77 | 1.28 | 1.44 | -0.02 | 0.13 | -0.02 | 0.37 | 0.79 | 1.76 |
| Debt / FCF | — | 1.04 | — | — | — | -0.77 | 0.31 | -0.04 | 0.87 | 3.75 | 5.04 |
| Interest Coverage | 6.36 | 6.36 | 4.32 | 3.19 | 3.31 | 13.26 | 1.86 | -5.54 | 3.00 | 3.27 | 0.99 |
ARMN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.76x means Aris Mining Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.99x to 1.76x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.76 | 1.76 | 2.61 | 1.99 | 2.10 | 5.94 | 1.84 | 1.58 | 1.07 | 0.48 | 0.70 |
| Quick Ratio | 1.58 | 1.58 | 2.27 | 1.72 | 1.95 | 5.59 | 1.67 | 1.30 | 0.83 | 0.31 | 0.42 |
| Cash Ratio | 1.29 | 1.29 | 1.88 | 1.34 | 1.66 | 5.03 | 0.69 | 1.09 | 0.55 | 0.04 | 0.07 |
| Asset Turnover | — | 0.37 | 0.26 | 0.33 | 0.32 | 0.38 | 0.60 | 0.87 | 0.60 | 0.48 | 0.48 |
| Inventory Turnover | 8.31 | 8.31 | 6.89 | 6.74 | 7.35 | 9.61 | 6.54 | 7.24 | 11.34 | 11.33 | 11.11 |
| Days Sales Outstanding | — | 30.22 | 33.76 | 2.86 | 44.28 | 28.21 | 22.59 | 17.87 | 18.34 | 24.42 | 22.51 |
ARMN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Aris Mining Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 6.1% | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.5% | 4.0% | 2.5% | — | — | — | — | — | — | — |
| FCF Yield | 3.3% | 4.2% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $191M | $159M | $137M | $108M | $95M | $61M | $81M | $81M | $94M | $96M |
Peer Comparison
Compare ARMN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ARMNYou | $4B | 46.9 | 9.9 | 30.5 | 49.6% | 38.5% | 6.2% | 18.3% | 1.3 |
 EQX | $11B | 39.9 | 12.9 | — | 25.0% | 23.8% | 4.9% | 5.7% | 1.6 |
 OR | $7B | 33.7 | 28.3 | 33.1 | 83.4% | 72.9% | 16.0% | 12.2% | 0.0 |
 MGY | $5B | 16.1 | 6.1 | 12.8 | 46.7% | 33.5% | 16.4% | 15.4% | 0.5 |
 MUX | $1B | 39.6 | 74.7 | — | 11.0% | -6.5% | 6.6% | -1.9% | 0.1 |
 KGC | $36B | 15.3 | 8.3 | 14.2 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 IAG | $11B | 15.8 | 7.2 | 14.0 | 41.2% | 38.9% | 17.7% | 19.1% | 0.5 |
 HL | $12B | 36.9 | 17.3 | 39.1 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 CDE | $12B | 20.1 | 11.2 | 17.5 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 PAAS | $24B | 22.1 | 14.0 | 22.5 | 37.7% | 32.3% | 17.0% | 15.7% | 0.5 |
 AGI | $18B | 20.2 | 17.0 | 65.6 | 54.3% | 44.5% | 22.2% | 15.9% | 0.2 |
| Basic Materials Median | — | 23.4 | 11.2 | 28.0 | 31.6% | 10.2% | 1.0% | 4.4% | 2.7 |
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Start ComparisonARMN — Frequently Asked Questions
Quick answers to the most common questions about buying ARMN stock.
What is Aris Mining Corporation's P/E ratio?
Aris Mining Corporation's current P/E ratio is 46.9x. The historical average is 34.7x. This places it at the 100th percentile of its historical range.
What is Aris Mining Corporation's EV/EBITDA?
Aris Mining Corporation's current EV/EBITDA is 9.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.9x.
What is Aris Mining Corporation's ROE?
Aris Mining Corporation's return on equity (ROE) is 6.2%. The historical average is -5.1%.
Is ARMN stock overvalued?
Based on historical data, Aris Mining Corporation is trading at a P/E of 46.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Aris Mining Corporation's profit margins?
Aris Mining Corporation has 49.6% gross margin and 38.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Aris Mining Corporation have?
Aris Mining Corporation's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.