Amcor vs Newmont
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The short version
- Amcor is the larger business, with $23.5B of revenue in fiscal 2026 against $22.7B for Newmont.
- Amcor grew revenue faster (56.6%, against 21.3%).
- Newmont turned more of its sales into free cash flow (32.2% FCF margin, against 5.2%).
- Newmont earned a higher return on the capital invested in it (20.6%, against 6.6%).
| Latest fiscal year | AMCR · FY26 | NEM · FY25 |
|---|---|---|
| Size | ||
| Market cap | $21.4B | $114.4B |
| Revenue | $23.5B | $22.7B |
| Free cash flow | $1.2B | $7.3B |
| Net income | $1.1B | $7.1B |
| Growth | ||
| Revenue growth | 56.6% | 21.3% |
| 5-year growth | 12.8% | 14.5% |
| Share count change | 45.6% | −3.5% |
| Profitability | ||
| Gross margin | 20.0% | — |
| Operating margin | 8.1% | — |
| Net margin | 4.7% | 31.3% |
| FCF margin | 5.2% | 32.2% |
| Return on capital | 6.6% | 20.6% |
| Return on equity | 9.4% | 22.2% |
| Balance sheet | ||
| Net debt | $12.9B | −$2.7B |
| Net debt / EBITDA | 3.8x | −0.2x |
| Dividends and buybacks | $1.2B | $3.4B |
| Valuation & quality | ||
| P/E | — | 12.7x |
| Piotroski F-score | 6 | 8 |
Revenue
FY17
AMCR $9.1B
NEM $7.4B
FY18
AMCR $9.3B
NEM $7.3B
FY19
AMCR $9.5B
NEM $9.7B
FY20
AMCR $12.5B
NEM $11.5B
FY21
AMCR $12.9B
NEM $12.2B
FY22
AMCR $14.5B
NEM $11.9B
FY23
AMCR $14.7B
NEM $11.8B
FY24
AMCR $13.6B
NEM $18.7B
FY25
AMCR $15.0B
NEM $22.7B
FY26
AMCR $23.5B
NEM —
AMCR
NEM
Operating margin
FY17
AMCR 10.1%
NEM —
FY18
AMCR 10.7%
NEM —
FY19
AMCR 8.4%
NEM —
FY20
AMCR 8.0%
NEM —
FY21
AMCR 10.3%
NEM —
FY22
AMCR 8.5%
NEM —
FY23
AMCR 10.3%
NEM —
FY24
AMCR 8.9%
NEM —
FY25
AMCR 6.7%
NEM —
FY26
AMCR 8.1%
NEM —
AMCR
NEM
Free cash flow
FY17
AMCR $530M
NEM $1.3B
FY18
AMCR $506M
NEM $795M
FY19
AMCR $444M
NEM $1.4B
FY20
AMCR $984M
NEM $3.6B
FY21
AMCR $993M
NEM $2.6B
FY22
AMCR $999M
NEM $1.1B
FY23
AMCR $735M
NEM $97.0M
FY24
AMCR $829M
NEM $3.0B
FY25
AMCR $810M
NEM $7.3B
FY26
AMCR $1.2B
NEM —
AMCR
NEM
Return on capital
FY17
AMCR —
NEM 5.8%
FY18
AMCR —
NEM 3.8%
FY19
AMCR 7.0%
NEM 15.8%
FY20
AMCR 7.2%
NEM 10.3%
FY21
AMCR 10.1%
NEM 2.8%
FY22
AMCR 9.0%
NEM 0.4%
FY23
AMCR 12.8%
NEM −5.0%
FY24
AMCR 9.9%
NEM 9.6%
FY25
AMCR 4.6%
NEM 20.6%
FY26
AMCR 6.6%
NEM —
AMCR
NEM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.