1.Sales and profit
See section →- Gold Fields Ltd had $8.8B of revenue in fiscal 2025, up 68.2% on the year before. Over five years, revenue changed +17.6% a year on average.
- Gold Fields Ltd made $3.6B of net profit in fiscal 2025.
Gold Fields Ltd
GFI NYSE Gold And Silver Ores Financials FY2016–FY2025
Gold Fields Ltd had $8.8B of revenue in fiscal 2025, up 68.2% on the year before. Over five years, revenue changed +17.6% a year on average.
- Today
- —
- Previous close
- —
- Market cap
- $29.5B
- P/E
- 8.4x
- 52-week range
-
$31.25 $61.51
Last close · Oct 30, 2026
$32.92
−$5.86 (−15.11%) past year
KIRA’s summary AI analyst
Hi! I read Gold Fields Ltd’s latest annual report (fiscal 2025). Here is what stands out:
4 strengths
2.Cash and shareholders
See section →- Free cash flow was $2.4B in fiscal 2025, 27.1% of revenue.
- Gold Fields Ltd returned $743M to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count rose 0.2%.
- In the last 12 months, insiders bought $0.0M of shares on the open market and sold none.
3.Financial health
See section →- Gold Fields Ltd owes $959M more than it holds in cash.
- Gold Fields Ltd passes 7 of 8 financial health tests (Piotroski F-score).
Gold Fields Ltd in 30 seconds
Good So-so Weak
Good
Are sales growing?
+68.2%
Yes. Sales grew 68.2% last year.
Good
Does it make a profit?
40.8%
Yes. It keeps 40.8% of every sale as profit.
Good
Does profit turn into cash?
27.1%
Yes. 27.1% of sales ends up as free cash.
Weak
Is debt under control?
$959M
Risky. It owes more than it holds in cash and has no operating profit to repay it.
Good
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
For information
How is the share priced?
8.4x
One share costs 8.4 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$29.5B
Oct 30 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
8.4x
On $3.94 EPS (TTM)
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA summarises the numbers
-
Gold Fields Ltd had $8.8B of revenue in fiscal 2025, up 68.2% on the year before.
Over five years, revenue changed +17.6% a year on average.
Revenue
FY16
Revenue $2.7B
FY17
Revenue $2.8B
FY18
Revenue $2.6B
FY19
Revenue $3.0B
FY20
Revenue $3.9B
FY21
Revenue $4.2B
FY22
Revenue $4.3B
FY23
Revenue $4.5B
FY24
Revenue $5.2B
FY25
Revenue $8.8B
Margins, % of revenue
FY16
Gross 24.9%
Operating —
Net 5.9%
FCF 10.8%
FY17
Gross 23.8%
Operating —
Net −0.7%
FCF −3.7%
FY18
Gross 20.7%
Operating —
Net −13.5%
FCF −9.5%
FY19
Gross 31.5%
Operating —
Net 5.4%
FCF 7.8%
FY20
Gross 44.7%
Operating —
Net 18.6%
FCF 13.6%
FY21
Gross 43.4%
Operating —
Net 18.8%
FCF 3.4%
FY22
Gross 39.2%
Operating —
Net 16.6%
FCF 7.2%
FY23
Gross 39.0%
Operating —
Net 15.6%
FCF 3.1%
FY24
Gross 45.3%
Operating —
Net 23.9%
FCF 8.1%
FY25
Gross 57.9%
Operating —
Net 40.8%
FCF 27.1%
Gross
Operating
Net
FCF
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Net income and earnings per share
Loss periods are shown in red.
KIRA summarises the numbers
-
Gold Fields Ltd made $3.6B of net profit in fiscal 2025.
Net income
FY16
Net income $158M
FY17
Net income −$18.7M
FY18
Net income −$348M
FY19
Net income $162M
FY20
Net income $723M
FY21
Net income $789M
FY22
Net income $711M
FY23
Net income $703M
FY24
Net income $1.2B
FY25
Net income $3.6B
Diluted EPS
FY16
Diluted EPS —
FY17
Diluted EPS —
FY18
Diluted EPS −$0.42
FY19
Diluted EPS $0.19
FY20
Diluted EPS $0.81
FY21
Diluted EPS $0.88
FY22
Diluted EPS $0.78
FY23
Diluted EPS $0.77
FY24
Diluted EPS $1.38
FY25
Diluted EPS $3.94
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
Cash from operations minus capital spending.
KIRA summarises the numbers
-
Free cash flow was $2.4B in fiscal 2025, 27.1% of revenue.
Free cash flow
FY16
Free cash flow $289M
FY17
Free cash flow −$102M
FY18
Free cash flow −$246M
FY19
Free cash flow $233M
FY20
Free cash flow $528M
FY21
Free cash flow $142M
FY22
Free cash flow $310M
FY23
Free cash flow $138M
FY24
Free cash flow $424M
FY25
Free cash flow $2.4B
Cash from operations vs capital spending
FY16
Cash from operations $918M
Capital spending $629M
FY17
Cash from operations $732M
Capital spending $834M
FY18
Cash from operations $569M
Capital spending $814M
FY19
Cash from operations $845M
Capital spending $613M
FY20
Cash from operations $1.1B
Capital spending $584M
FY21
Cash from operations $1.2B
Capital spending $1.1B
FY22
Cash from operations $1.4B
Capital spending $1.1B
FY23
Cash from operations $1.2B
Capital spending $1.1B
FY24
Cash from operations $1.6B
Capital spending $1.2B
FY25
Cash from operations $3.8B
Capital spending $1.4B
Cash from operations
Capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Dividends, buybacks and share count
KIRA summarises the numbers
-
Gold Fields Ltd returned $743M to shareholders in fiscal 2025, 31% of free cash flow.
The diluted share count rose 0.2%.
Dividends and buybacks
FY16
Dividends $39.2M
Buybacks —
FY17
Dividends $62.8M
Buybacks —
FY18
Dividends $45.5M
Buybacks —
FY19
Dividends $45.5M
Buybacks —
FY20
Dividends $138M
Buybacks —
FY21
Dividends $322M
Buybacks —
FY22
Dividends $304M
Buybacks —
FY23
Dividends $369M
Buybacks $0.0M
FY24
Dividends $351M
Buybacks $0.0M
FY25
Dividends $707M
Buybacks $36.3M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY16
Diluted shares 0.81B
FY17
Diluted shares 0.83B
FY18
Diluted shares 0.83B
FY19
Diluted shares 0.84B
FY20
Diluted shares 0.89B
FY21
Diluted shares 0.89B
FY22
Diluted shares 0.89B
FY23
Diluted shares 0.90B
FY24
Diluted shares 0.90B
FY25
Diluted shares 0.90B
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
-
In the last 12 months, insiders bought $0.0M of shares on the open market and sold none.
Bought, 12 months
$0.0M
2 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 23, 2026 | John Fraser MacKenzieDirector | Bought | 500 | $33.31 | $0.0M | Form 4 |
| Jun 2, 2026 | Jacqueline Elizabeth McGillDirector | Bought | 500 | $37.70 | $0.0M | Form 4 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Cash, debt and the ratios that show how comfortably Gold Fields Ltd can carry it.
KIRA summarises the numbers
-
Gold Fields Ltd owes $959M more than it holds in cash.
Cash vs debt (incl. leases)
FY16
Cash $471M
Debt $1.7B
FY17
Cash $394M
Debt $1.8B
FY18
Cash $220M
Debt $1.9B
FY19
Cash $515M
Debt $1.8B
FY20
Cash $887M
Debt $1.5B
FY21
Cash $525M
Debt $1.1B
FY22
Cash $769M
Debt $1.1B
FY23
Cash $649M
Debt $1.2B
FY24
Cash $860M
Debt $2.5B
FY25
Cash $1.8B
Debt $2.7B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $525M | $769M | $649M | $860M | $1.8B |
| Debt incl. finance leases | $1.1B | $1.1B | $1.2B | $2.5B | $2.7B |
| Debt / equity | 0.3x | 0.3x | 0.3x | 0.5x | 0.3x |
| Total assets | $7.3B | $7.3B | $8.2B | $10.1B | $15.2B |
| Total liabilities | $3.2B | $3.0B | $3.6B | $4.8B | $6.6B |
| Shareholders' equity | $4.0B | $4.2B | $4.5B | $5.2B | $8.4B |
| Net debt (− = net cash) | $553M | $310M | $588M | $1.6B | $959M |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Return on capital, equity and assets (annual)
FY16
Return on capital —
Return on equity 5.2%
Return on assets 2.5%
FY17
Return on capital —
Return on equity −0.6%
Return on assets −0.3%
FY18
Return on capital —
Return on equity −11.9%
Return on assets −5.6%
FY19
Return on capital —
Return on equity 6.0%
Return on assets 2.6%
FY20
Return on capital —
Return on equity 22.4%
Return on assets 10.3%
FY21
Return on capital —
Return on equity 20.7%
Return on assets 10.7%
FY22
Return on capital —
Return on equity 17.4%
Return on assets 9.7%
FY23
Return on capital —
Return on equity 16.2%
Return on assets 9.0%
FY24
Return on capital —
Return on equity 25.7%
Return on assets 13.6%
FY25
Return on capital —
Return on equity 52.3%
Return on assets 28.1%
Return on capital
Return on equity
Return on assets
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
KIRA summarises the numbers
-
Gold Fields Ltd passes 7 of 8 financial health tests (Piotroski F-score).
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| F-score | 6 / 8 | 4 / 8 | 3 / 8 | 5 / 8 | 7 / 8 |
| Accruals ratio | −5.9% | −9.1% | −6.3% | −3.9% | −1.6% |
| Altman Z'' | — | — | — | — | — |
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | ✓ | ✕ | ✕ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✓ | ✕ | ✕ | ✕ | ✓ |
| Current ratio rose | — | — | — | — | — |
| Share count didn't rise | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | ✕ | ✕ | ✕ | ✓ | ✓ |
| Revenue rose relative to assets | ✓ | ✓ | ✕ | ✕ | ✓ |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
All figures
Every number, year by year.
10 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
See the figures for 10 years Hide the figures
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.7B | $2.8B | $2.6B | $3.0B | $3.9B | $4.2B | $4.3B | $4.5B | $5.2B | $8.8B |
| Gross profit | $665M | $657M | $535M | $934M | $1.7B | $1.8B | $1.7B | $1.8B | $2.4B | $5.1B |
| Interest expense | $78.1M | $81.3M | $88.0M | $102M | $127M | $103M | $97.2M | $105M | $130M | $160M |
| Pretax income | $357M | $152M | −$411M | $350M | $1.2B | $1.3B | $1.2B | $1.2B | $2.0B | $5.3B |
| Income tax | $190M | $173M | −$65.9M | $176M | $433M | $425M | $442M | $465M | $697M | $1.6B |
| Net income | $158M | −$18.7M | −$348M | $162M | $723M | $789M | $711M | $703M | $1.2B | $3.6B |
| Net income to common | $158M | −$18.7M | −$348M | $162M | $723M | $789M | $711M | $703M | $1.2B | $3.6B |
| Diluted EPS | — | — | −$0.42 | $0.19 | $0.81 | $0.88 | $0.78 | $0.77 | $1.38 | $3.94 |
| Diluted shares | 0.81B | 0.83B | 0.83B | 0.84B | 0.89B | 0.89B | 0.89B | 0.90B | 0.90B | 0.90B |
| Cash flow | ||||||||||
| Cash from operations | $918M | $732M | $569M | $845M | $1.1B | $1.2B | $1.4B | $1.2B | $1.6B | $3.8B |
| Capital expenditure | $629M | $834M | $814M | $613M | $584M | $1.1B | $1.1B | $1.1B | $1.2B | $1.4B |
| Free cash flow | $289M | −$102M | −$246M | $233M | $528M | $142M | $310M | $138M | $424M | $2.4B |
| Depreciation and amortization | $671M | $748M | $668M | $610M | $661M | $713M | $844M | $795M | $627M | $920M |
| Stock-based compensation | $14.0M | $26.8M | $37.5M | $20.5M | $14.5M | $12.7M | $6.9M | $9.1M | $4.4M | $25.4M |
| Acquisitions | — | — | — | — | — | — | $0.0M | $0.0M | $1.5B | — |
| Share buybacks | — | — | — | — | — | — | — | $0.0M | $0.0M | $36.3M |
| Dividends paid | $39.2M | $62.8M | $45.5M | $45.5M | $138M | $322M | $304M | $369M | $351M | $707M |
| Dividends and buybacks | $39.2M | $62.8M | $45.5M | $45.5M | $138M | $322M | $304M | $369M | $351M | $743M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $471M | $394M | $220M | $515M | $887M | $525M | $769M | $649M | $860M | $1.8B |
| Total debt | $1.7B | $1.8B | $1.9B | $1.8B | $1.5B | $1.1B | $1.1B | $1.2B | $2.5B | $2.7B |
| Current assets | $1.1B | $1.1B | $727M | $1.1B | $1.7B | — | — | — | — | — |
| Current liabilities | $859M | $854M | $532M | $1.4B | $917M | $822M | $785M | $1.5B | $1.7B | $1.7B |
| Inventory | $329M | $394M | $368M | $418M | $522M | $628M | $759M | $828M | $699M | $783M |
| Property and equipment, net | $4.5B | $4.9B | $4.3B | $4.7B | $4.8B | $5.1B | $4.8B | $5.1B | $7.3B | $11.3B |
| Goodwill | $318M | $76.6M | $0.0M | $0.0M | — | — | — | — | — | — |
| Total assets | $6.3B | $6.5B | $5.9B | $6.6B | $7.5B | $7.3B | $7.3B | $8.2B | $10.1B | $15.2B |
| Total liabilities | $3.1B | $3.1B | $3.2B | $3.7B | $3.6B | $3.2B | $3.0B | $3.6B | $4.8B | $6.6B |
| Shareholders' equity | $3.1B | $3.3B | $2.6B | $2.8B | $3.7B | $4.0B | $4.2B | $4.5B | $5.2B | $8.4B |
| Margins | ||||||||||
| Gross margin | 24.9% | 23.8% | 20.7% | 31.5% | 44.7% | 43.4% | 39.2% | 39.0% | 45.3% | 57.9% |
| Net margin | 5.9% | −0.7% | −13.5% | 5.4% | 18.6% | 18.8% | 16.6% | 15.6% | 23.9% | 40.8% |
| FCF margin | 10.8% | −3.7% | −9.5% | 7.8% | 13.6% | 3.4% | 7.2% | 3.1% | 8.1% | 27.1% |
| Returns | ||||||||||
| Return on equity | 5.2% | −0.6% | −11.9% | 6.0% | 22.4% | 20.7% | 17.4% | 16.2% | 25.7% | 52.3% |
| Return on assets | 2.5% | −0.3% | −5.6% | 2.6% | 10.3% | 10.7% | 9.7% | 9.0% | 13.6% | 28.1% |
| Return on tangible equity | 5.8% | −0.6% | −13.5% | 5.8% | 19.7% | 19.8% | 16.9% | 15.7% | 23.9% | 42.3% |
| Growth | ||||||||||
| Revenue growth | — | 3.6% | −6.7% | 15.1% | 31.2% | 7.8% | 2.2% | 5.0% | 15.6% | 68.2% |
| Net income growth | — | −111.8% | — | — | 347.4% | 9.2% | −9.9% | −1.1% | 77.0% | 186.5% |
| EPS growth | — | — | — | — | 326.3% | 8.6% | −11.4% | −1.3% | 79.2% | 185.5% |
| FCF growth | — | −135.2% | — | — | 127.0% | −73.2% | 119.0% | −55.4% | 206.7% | 460.4% |
| Share count change | — | 2.1% | 0.7% | 0.8% | 6.0% | 0.4% | 0.0% | 0.1% | 0.1% | 0.2% |
| Financial health | ||||||||||
| Debt / equity | 0.6x | 0.5x | 0.7x | 0.7x | 0.4x | 0.3x | 0.3x | 0.3x | 0.5x | 0.3x |
| Current ratio | 1.2x | 1.3x | 1.4x | 0.8x | 1.9x | — | — | — | — | — |
| Quick ratio | 0.8x | 0.8x | 0.7x | 0.5x | 1.3x | — | — | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 23.6% | 30.2% | 31.6% | 20.6% | 15.0% | 26.0% | 24.9% | 23.4% | 22.8% | 16.0% |
| Stock comp / revenue | 0.5% | 1.0% | 1.5% | 0.7% | 0.4% | 0.3% | 0.2% | 0.2% | 0.1% | 0.3% |
| Payouts / FCF | 13.6% | — | — | 19.6% | 26.1% | 227.8% | 98.2% | 266.9% | 82.8% | 31.3% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 4.0 | 4.0 | 7.0 | 8.0 | 6.0 | 4.0 | 3.0 | 5.0 | 7.0 |
| Accruals ratio | −12.0% | −11.7% | −14.8% | −11.0% | −5.5% | −5.9% | −9.1% | −6.3% | −3.9% | −1.6% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Latest SEC filings
The original documents every number on this page comes from.
Source: SEC EDGAR XBRL filings (CIK 0001172724). Data updated November 1, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.