Kinross Gold Corporation (KGC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.74	$0.71	-4.1%	—	$2.4B	—
Q4 25	$0.55	$0.67	+21.8%	—	$2B	—
Q3 25	$0.39	$0.44	+12.8%	—	$1.8B	—
Q2 25	$0.34	$0.44	+29.4%	—	$1.7B	—
Q1 25	$0.24	$0.3	+25.0%	—	$1.5B	—
Q4 24	$0.25	$0.19	-24.0%	—	$1.4B	—
Q3 24	$0.19	$0.24	+26.3%	—	$1.4B	—
Q2 24	$0.14	$0.14	0.0%	—	$1.2B	—
Q1 24	$0.06	$0.1	+66.7%	—	$1.1B	—
Q4 23	$0.1	$0.11	+10.0%	—	$1.1B	—
Q3 23	$0.1	$0.12	+20.0%	—	$1.1B	—
Q2 23	$0.08	$0.14	+75.0%	—	$1.1B	—
Q1 23	$0.05	$0.07	+40.0%	—	$929.3M	—
Q4 22	$0.07	$0.09	+28.6%	—	$1.1B	—
Q3 22	$0.06	$0.05	-16.7%	—	$856.5M	—
Q2 22	$0.08	$0.03	-62.5%	—	$821.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.96	—	—	$7.1B	—
FY24	—	$0.77	—	—	$5.1B	—
FY23	—	$0.34	—	—	$4.2B	—
FY22	—	-$0.47	—	—	$3.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.5B	$3.3B	$3.2B	$3.5B	$4.2B	$2.6B	$3.5B	$4.2B	$5.1B	$7.1B
YoY change	+13.8%	-4.87%	-2.74%	+8.86%	+20.5%	-38.3%	+32.9%	+22.7%	+21.4%	+36.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.5B	3.3B	3.2B	3.5B	4.2B	2.6B	3.5B	4.2B	5.1B	7.1B
Cost of revenue	3B	2.6B	2.6B	2.1B	1.9B	2.1B	2.9B	3.1B	3.3B	3.3B
Gross profit	493.6M	704.7M	579.7M	1.3B	2.3B	541.1M	515.4M	1.2B	1.9B	3.7B
Gross margin	14.2%	21.3%	18%	38.6%	54.5%	20.8%	14.9%	27.4%	36.5%	52.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	143.7M	132.6M	133M	135.8M	117.9M	114.4M	129.8M	108.7M	126.2M	139.9M
Operating expenses	481.5M	399.5M	408.3M	388.8M	419.9M	479.6M	423.2M	395.2M	378.9M	487.7M
Operating income	12.1M	305.2M	171.4M	960.1M	1.9B	61.5M	92.2M	764.4M	1.5B	3.2B
Operating margin	0.35%	9.24%	5.34%	27.5%	44.5%	2.37%	2.67%	18%	29.1%	45.8%
Non-operating income, net	21.7M	186.8M	2.9M	72.7M	7.4M	83.6M	64.4M	-27.3M	14.3M	-24.6M
Pretax income	-59.5M	419M	113.2M	963.8M	1.8B	84.3M	106.7M	708.6M	1.5B	3.2B
Income tax	49.6M	-23.2M	138.8M	246.7M	439.8M	115M	76.1M	293.2M	487.4M	724.7M
Net income	-109.1M	442.2M	-25.6M	717.1M	1.4B	218.7M	-605.7M	415.4M	994M	2.5B
Net margin	-3.14%	13.4%	-0.8%	20.5%	32.2%	8.41%	-17.5%	9.8%	19.3%	35%
EBITDA	892.5M	1.2B	964M	1.7B	2.7B	770.3M	894.5M	1.8B	2.7B	4.4B
EPS	-0.08	0.36	-0.02	0.57	1.07	0.18	-0.47	0.34	0.77	1.96
Diluted EPS	-0.08	0.35	-0.02	0.57	1.06	0.17	-0.47	0.34	0.77	1.95

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.1B	1.1B	1.1B	1.2B	1.4B	1.4B	1.5B	1.7B	1.8B	2B	2.4B	2.2B
Cost of revenue	784.5M	862.6M	783.6M	831.9M	786.4M	868.6M	835.1M	831.3M	884M	784.9M	966.2M	950.2M
Gross profit	317.9M	253.1M	297.9M	387.6M	645.6M	547.2M	662.4M	897.2M	918.1M	1.2B	1.4B	1.3B
Gross margin	28.8%	22.7%	27.5%	31.8%	45.1%	38.6%	44.2%	51.9%	50.9%	61.2%	59.9%	57.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	25.8M	26.5M	35.4M	31.7M	27.2M	31.9M	35.7M	29.6M	31.2M	43.4M	44.9M	32.4M
Operating expenses	97.4M	70.2M	114.9M	99.6M	108.1M	56.3M	104.6M	135.1M	120.6M	127.4M	115.2M	113.4M
Operating income	220.5M	182.9M	183M	288M	537.5M	490.9M	557.8M	762.1M	797.5M	1.1B	1.3B	1.2B
Operating margin	20%	16.4%	16.9%	23.6%	37.5%	34.7%	37.2%	44.1%	44.3%	54.9%	55.1%	52.5%
Non-operating income, net	-300K	-21M	100K	5.7M	-6M	14.5M	-13.2M	-19.8M	16.8M	-8.4M	-13.3M	-3.9M
Pretax income	211.3M	154.2M	175.7M	286.7M	524.5M	494.5M	526.2M	729.5M	841.4M	1.1B	1.3B	1.2B
Income tax	102.4M	89M	69.1M	77.8M	134.2M	206.3M	136.8M	170.9M	232.3M	184.7M	465.2M	330.2M
Net income	108.9M	65.2M	106.6M	208.9M	390.3M	288.2M	389.4M	558.6M	609.1M	912.9M	856M	851.8M
Net margin	9.88%	5.84%	9.86%	17.1%	27.3%	20.4%	26%	32.3%	33.8%	45.1%	35.6%	38.1%
EBITDA	495.4M	462.9M	457.7M	594M	834M	793.7M	837.2M	1B	1.1B	1.4B	1.6B	1.5B
EPS	0.09	—	0.09	0.17	0.29	—	0.3	0.43	0.48	—	0.7	0.71
Diluted EPS	0.09	—	0.09	0.17	0.29	—	0.3	0.43	0.48	—	0.7	0.71

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.8B	5.4B	4B	5.9B	9.2B	7.3B	5.2B	7.4B	11.4B	34.3B	28.6B
Enterprise value	4.7B	6.1B	5.4B	7.3B	10B	8.5B	7.5B	9.3B	12.2B	33.3B	27.9B
Shares outstanding	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.3B	1.2B	1.2B	1.2B	1.2B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	12.2	—	8.28	6.79	33.4	—	17.9	11.5	13.9	9.2
P/S	1.1	1.63	1.26	1.7	2.19	2.81	1.52	1.75	2.21	4.87	3.39
P/B	0.91	1.17	0.89	1.11	1.38	1.1	0.89	1.2	1.63	3.95	2.97
EV/EBITDA	5.29	5.18	5.64	4.27	3.68	11	8.34	5.21	4.56	7.61	5.19
EV/Sales	1.36	1.84	1.69	2.07	2.38	3.26	2.16	2.2	2.37	4.73	3.3
Earnings yield	—	8.21%	—	12.1%	14.7%	2.99%	—	5.6%	8.73%	7.19%	10.9%
FCF yield	12.2%	1%	-6.29%	2.77%	11.3%	4.29%	5.46%	6.83%	12%	7.47%	10.5%
PEG	—	—	—	—	—	—	—	—	—	—	0.14

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	14.2%	21.3%	18%	38.6%	54.5%	20.8%	14.9%	27.4%	36.5%	52.7%	57.5%
Operating margin	0.35%	9.24%	5.34%	27.5%	44.5%	2.37%	2.67%	18%	29.1%	45.8%	52.5%
Net margin	-3.14%	13.4%	-0.8%	20.5%	32.2%	8.41%	-17.5%	9.8%	19.3%	35%	37.5%
ROE	-2.61%	9.57%	-0.57%	13.4%	20.4%	3.29%	-10.3%	6.72%	14.2%	28.4%	37%
ROA	-1.37%	5.42%	-0.32%	7.9%	12.4%	2.1%	-5.83%	3.94%	9.15%	19.9%	21.4%
ROIC	0.24%	5.73%	0%	10.7%	19%	0%	0.33%	5.54%	12.9%	32.5%	40.8%
Return on tangible assets	-1.43%	5.65%	-0.33%	8.19%	12.8%	2.16%	-5.83%	3.94%	9.15%	19.9%	23.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.26	3.9	2.61	2.96	1.82	2.63	2.47	2.63	2.01	2.35	2.89
Quick ratio	1.72	2.03	0.89	1.25	1.02	1.08	1.04	0.95	0.83	1.37	1.95
Debt / equity	0.41	0.38	0.38	0.35	0.3	0.25	0.45	0.37	0.21	0.08	0.08
Debt / assets	0.22	0.21	0.22	0.21	0.18	0.16	0.25	0.21	0.13	0.06	0.05
Net debt / EBITDA	1.02	0.6	1.44	0.78	0.29	1.5	2.48	1.06	0.31	-0.23	-0.34
Interest coverage	0.41	5.84	2.57	13.5	21.1	2.18	2.56	11.3	30.3	40.1	82.4
Effective tax rate	0%	0%	100%	25.6%	24.5%	100%	71.3%	41.4%	32.9%	22.7%	27.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	2.83	2.65	2.57	2.79	3.35	2.06	2.7	3.46	4.19	5.78	7.04
EPS (basic)	-0.08	0.36	-0.02	0.57	1.07	0.18	-0.47	0.34	0.77	1.96	1.96
EPS (diluted)	-0.08	0.35	-0.02	0.57	1.06	0.17	-0.47	0.34	0.77	1.95	2.63
Book value per share	3.41	3.71	3.62	4.26	5.3	5.28	4.59	5.04	5.7	7.13	8.14
FCF per share	0.38	0.04	-0.2	0.13	0.83	0.25	0.22	0.41	1.12	2.1	2.58
Cash per share	0.67	0.82	0.28	0.46	0.96	0.42	0.33	0.29	0.5	1.43	2.24
Capex per share	0.51	0.71	0.83	0.82	0.72	0.65	0.6	0.9	0.88	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	18%	26.9%	32.3%	29.4%	21.5%	31.6%	22.1%	25.9%	20.9%	—	—
Capex / operating cash flow	75.3%	65.9%	124.2%	64.7%	37.4%	155.7%	119.2%	67.9%	45.1%	—	—
Payout ratio	0%	0%	0%	0%	5.56%	69.1%	-25.4%	35.5%	14.8%	6.16%	5.51%
Dividend yield	0%	0%	0%	0%	0.82%	2.07%	2.94%	1.98%	1.29%	0.44%	0.66%

Yield

0.66%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.04

ex-dividend Aug 20, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 20, 2026	$0.04
May 21, 2026	$0.04
Mar 11, 2026	$0.04
Aug 21, 2025	$0.03
May 29, 2025	$0.03
Mar 5, 2025	$0.03
Nov 27, 2024	$0.03
Aug 22, 2024	$0.03

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.1B	$1.1B	$1.1B	$1.2B	$1.4B	$1.4B	$1.5B	$1.7B	$1.8B	$2B	$2.4B	$2.2B
YoY change	+28.7%	+3.67%	+16.4%	+11.6%	+29.9%	+26.9%	+38.5%	+41.7%	+25.8%	+42.9%	+60.8%	+29.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	827M	1B	349M	575.1M	1.2B	531.5M	418.1M	352.4M	611.5M	1.7B
Receivables	20.1M	4.5M	3.6M	6.9M	8.1M	3.3M	—	—	—	—
Inventory	986.8M	1.1B	1.1B	1.1B	1.1B	1.2B	1.1B	1.2B	1.2B	1.4B
Total current assets	2.1B	2.3B	1.6B	1.8B	2.4B	1.9B	1.9B	1.8B	2.1B	3.3B
Property, plant & equipment	4.6B	4.9B	5.9B	6.5B	7.3B	-3.4B	-1.8B	-2.3B	-3.1B	-3.6B
Goodwill & intangibles	325.4M	325.4M	325.4M	317.6M	317.6M	317.6M	0	—	—	—
Total assets	8B	8.2B	8.1B	9.1B	10.9B	10.4B	10.4B	10.5B	10.9B	12.4B
Accounts payable	86.8M	77.4M	89.1M	89.3M	89.1M	87.8M	119.1M	113.7M	83.9M	129.6M
Short-term debt	—	—	—	16M	528.1M	59.7M	60.5M	10.1M	199.9M	—
Total current liabilities	637.7M	585.3M	612.4M	615.5M	1.3B	741.4M	751.5M	685.5M	1.1B	1.4B
Long-term debt	1.7B	1.7B	1.7B	1.9B	1.5B	1.6B	2.6B	2.3B	1.2B	738.2M
Total liabilities	3.8B	3.5B	3.5B	3.7B	4.3B	3.8B	4.5B	4.4B	3.9B	3.7B
Shareholders' equity	4.2B	4.6B	4.5B	5.3B	6.7B	6.6B	5.9B	6.2B	7B	8.7B
Total debt	1.7B	1.7B	1.7B	1.9B	2B	1.7B	2.6B	2.3B	1.4B	738.2M
Net debt	906.2M	706.8M	1.4B	1.3B	787.7M	1.2B	2.2B	1.9B	823.9M	-1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	464.9M	352.4M	406.9M	480M	472.8M	611.5M	694.6M	1.1B	1.7B	1.7B	2.2B	2.7B
Receivables	—	—	283.2M	—	—	—	—	—	—	—	129M	130.1M
Inventory	1.2B	1.2B	1.1B	1.1B	1.2B	1.2B	1.3B	1.3B	1.4B	1.4B	1.3B	1.4B
Total current assets	2B	1.8B	1.8B	1.9B	2B	2.1B	2.2B	2.7B	3.4B	3.3B	3.7B	4.2B
Property, plant & equipment	-2.2B	-2.3B	-2.6B	-2.8B	-2.9B	-3.1B	—	—	—	-3.6B	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	10.6B	10.5B	10.6B	10.6B	10.8B	10.9B	11B	11.5B	12.1B	12.4B	12.9B	13.6B
Accounts payable	114.5M	113.7M	91.5M	108.3M	114.8M	83.9M	529.5M	611.3M	700.4M	129.6M	665.2M	783.4M
Short-term debt	45.3M	10.1M	999.3M	799.5M	449.7M	199.9M	—	—	—	—	—	—
Total current liabilities	732.3M	685.5M	1.6B	1.5B	1.3B	1.1B	793.3M	966.7M	1.2B	1.4B	1.3B	1.5B
Long-term debt	2.4B	2.3B	1.3B	1.2B	1.3B	1.2B	1.2B	1.2B	1.2B	738.2M	738.5M	738.8M
Total liabilities	4.4B	4.4B	4.3B	4.2B	4B	3.9B	3.6B	3.8B	4B	3.7B	3.7B	3.8B
Shareholders' equity	6.2B	6.2B	6.3B	6.4B	6.8B	7B	7.3B	7.7B	8.1B	8.7B	9.2B	9.8B
Total debt	2.4B	2.3B	2.2B	2B	1.7B	1.4B	1.2B	1.2B	1.2B	738.2M	738.5M	738.8M
Net debt	2B	1.9B	1.8B	1.6B	1.2B	823.9M	541.3M	99.9M	-484.8M	-1B	-1.4B	-1.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-109.1M	442.2M	-25.6M	717.1M	1.4B	-30.7M	30.6M	415.4M	994M	2.5B
Depreciation & amortization	855M	819.4M	772.4M	731.3M	842.3M	695.7M	784M	986.8M	1.1B	1.1B
Stock-based compensation	13.5M	13.6M	14.6M	14.3M	13.7M	10.8M	9.3M	6.7M	9M	13.1M
Change in working capital	58.3M	21.9M	-28.4M	-10.7M	-127.7M	-195.1M	-243.7M	-22.7M	26M	-74.4M
Operating cash flow	829.8M	1.3B	835.1M	1.6B	2.4B	527.8M	641.2M	1.6B	2.4B	3.8B
Capital expenditure	-624.7M	-889.1M	-1B	-1B	-907.7M	-821.7M	-764.2M	-1.1B	-1.1B	—
Investing cash flow	-1.3B	-693.8M	-1.4B	-1.1B	-1.2B	-887.8M	-1.9B	-1.1B	-1.1B	114.4M
Dividends paid	0	0	0	0	-75.5M	-151.1M	-154M	-147.3M	-147.5M	-152.1M
Share repurchases	—	—	—	—	0	-100.2M	-300.8M	0	—	-600.3M
Financing cash flow	22.4M	-6.9M	-14.7M	80.7M	-4.6M	-576.3M	489.9M	-495.8M	-970.3M	-1.6B
Net change in cash	-421.4M	649.2M	-574.3M	609M	1.2B	-936.3M	-732M	48.1M	340.8M	2.3B
Free cash flow	465.4M	54M	-254.7M	164.7M	1B	313.5M	285.9M	507M	1.4B	2.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	108.9M	65.2M	106.6M	208.9M	390.3M	288.2M	389.4M	558.6M	609.1M	912.9M	856M	851.8M
Depreciation & amortization	263.9M	271.7M	270.7M	295.8M	296.2M	284.8M	288.4M	262.9M	285.4M	268.3M	275.7M	275.5M
Stock-based compensation	2.9M	2.4M	—	2.8M	1.3M	2.4M	4.6M	3.2M	3.4M	1.9M	6.6M	3.4M
Change in working capital	-31.1M	3.9M	16.2M	43.5M	-36.4M	2.7M	-31.3M	16.1M	-67.9M	8.7M	42.7M	-31.9M
Operating cash flow	426.5M	415.8M	423.6M	551.6M	696.5M	712.8M	689.8M	992.4M	1B	1.1B	1.1B	1.1B
Capital expenditure	-283.9M	-311.3M	-241.9M	-274.2M	-278.7M	-280.7M	-207.7M	—	—	—	—	—
Investing cash flow	-284.1M	-287.2M	-242.4M	-273.4M	-280M	-280.1M	-218.5M	-800K	80.3M	60.5M	-27.1M	7.8M
Dividends paid	-36.8M	-36.8M	-36.9M	-36.8M	-36.9M	-36.9M	-36.9M	-36.7M	-36.4M	-42.1M	-47.9M	-47.6M
Share repurchases	0	0	—	—	—	—	—	-170.1M	-165.1M	-265.1M	-250.1M	-230M
Financing cash flow	-69.8M	-215.5M	-24.5M	-228.5M	-405.5M	-311.8M	-262.4M	-238.3M	-236.5M	-825.6M	-376.6M	-288.9M
Net change in cash	72.6M	-86.9M	156.7M	49.7M	11M	120.9M	208.9M	753.3M	867.9M	381.8M	735.8M	864.8M
Free cash flow	122.9M	99.6M	132.5M	329.8M	454.8M	453.8M	389.4M	686.3M	711.9M	778.7M	856.3M	734.9M

Kinross Gold Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement