New Gold Inc.(NGD)Earnings, Financials & Key Ratios
NGD•AMEX
$9.08
64.9× P/E·Price updated Jun 20, 2026
AboutNew Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada. It also operates the Cerro San Pedro mine in San Luis Potosí, Mexico. The company was incorporated in 1980 and is headquartered in Toronto, Canada.Show more
- Revenue$1.48B+59.7%
- EBITDA$892M+110.9%
- Net Income$858M+736.2%
- EPS (Diluted)1.08+671.4%
- Gross Margin53.16%+104.2%
- EBITDA Margin60.44%+32.1%
- Operating Margin44.37%+125.0%
- Net Margin58.12%+423.7%
- ROE57.88%+419.4%
NGD Price & Volume
New Gold Inc. (NGD) stock price & volume — 10-year historical chart
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Operational Scaling Drives Significant Margin Expansion Potential
Investment Thesis • Updated 2025Q4
VerdictPositive
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Two-mine asset concentration
Key Thesis Takeaways
- New Gold has successfully transitioned into a high-growth phase, evidenced by an 89.2% revenue increase in 2025Q4 as production ramps up at its core Canadian assets.
- While the company has significantly improved its financial resilience by reducing its debt-to-equity ratio to 0.21, investors should remain cautious regarding the heavy reliance on a two-mine asset base.
- Future performance will likely depend on maintaining these elevated margins while navigating the inherent risks of concentrated operational exposure.
Verdict Logic
the company's ability to generate a 52.3% free cash flow margin in 2025Q4 suggests a strong transition toward sustainable profitability despite the inherent risks of a two-mine asset concentration.
NGD Growth Metrics
New Gold Inc. (NGD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.55%
5 Years18.07%
3 Years34.67%
TTM58.19%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM734.62%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM759.71%
Return on Capital
10 Years0.84%
5 Years9.29%
3 Years13.65%
Last Year28.51%
NGD Recent Earnings
New Gold Inc. (NGD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 6/12 qtrs (50%)
Q4 2025Latest
Oct 28, 2025Metric
Actual
Est
EPS
$0.25+38.9%
$0.18
Rev
$449M+6.9%
$420M
Q3 2025
Jul 28, 2025Metric
Actual
Est
EPS
$0.11+10.0%
$0.10
Rev
$313M-27.5%
$432M
Q2 2025
Apr 29, 2025Metric
Actual
Est
EPS
$0.02+100.0%
$0.01
Rev
$208M+21.9%
$171M
Q1 2025
Feb 19, 2025Metric
Actual
Est
EPS
$0.07+16.7%
$0.06
Rev
$262M-0.0%
$262M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Oct 28, 2025 | $0.25vs $0.18+38.9% | $449Mvs $420M+6.9% |
| Q3 2025 | Jul 28, 2025 | $0.11vs $0.10+10.0% | $313Mvs $432M-27.5% |
| Q2 2025 | Apr 29, 2025 | $0.02vs $0.01+100.0% | $208Mvs $171M+21.9% |
| Q1 2025 | Feb 19, 2025 | $0.07vs $0.06+16.7% | $262Mvs $262M-0.0% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for New Gold Inc. (NGD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.08 | $7.19B | 64.86 | 59.66% | 58.12% | 57.88% | — | |
| $32.02 | $6.44B | 12.76 | 39.93% | 28.71% | 13.69% | — | |
| $16.04 | $10.44B | 17.82 | 96.41% | 31.15% | 15.17% | — | |
| $15.56 | $10.44B | 31.76 | 53.03% | 35.55% | 22.55% | — | |
| $44.16 | $18.61B | 16.92 | 30.63% | 31.69% | 19.63% | — | |
| $16.45 | $8.12B | 47.00 | 128.18% | 19.72% | 9.49% | — |
Compare NGD vs Peers
New Gold Inc. (NGD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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NGD Frequently Asked Questions
New Gold Inc. (NGD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is New Gold Inc.'s revenue?
New Gold Inc. (NGD) reported $1.46B in revenue for fiscal year 2025. This represents a 146246802300% increase from $0.0M in 1997.
How fast is New Gold Inc. growing?
New Gold Inc. (NGD) grew revenue by 59.7% over the past year. This is strong growth.
Is NGD profitable?
Yes, New Gold Inc. (NGD) is profitable, generating $856.3M in net income for fiscal year 2025 (58.1% net margin).
Dividend & Returns
What is NGD's return on equity?
New Gold Inc. (NGD) has a return on equity (ROE) of 57.9%. This is excellent, indicating efficient use of shareholder capital.
What is New Gold Inc.'s free cash flow?
New Gold Inc. (NGD) generated $279.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.