Nouveau Monde Graphite Inc.
NMG NYSE Miscellaneous Metal Ores Financials FY2020โFY2025
Revenue
Total sales reported in the income statement.
โ
vs prior year
Operating margin
Operating income as a share of revenue.
โ
Net income
Profit after all expenses, interest and tax.
โ$75.2M
Free cash flow
Cash from operations minus capital spending.
โ$39.9M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ692.1%
544.1ย pts
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On $0.49 EPS (TTM)
What Nouveau Monde Graphite Inc. does
No business description yet.
- Legal name
- Nouveau Monde Graphite Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F ยท Mar 26, 2026
- Accession ยท CIK
- 0001104659-26-034697
0001649752
Revenue and margins
Nouveau Monde Graphite Inc. had โ of revenue in fiscal 2025.
FY20
Revenue โ
FY21
Revenue โ
FY22
Revenue โ
FY23
Revenue โ
FY24
Revenue โ
FY25
Revenue โ
Q3 '20
Revenue โ$0.0M
Q4 '20
Revenue โ
Q3 '21
Revenue โ$0.1M
Q4 '21
Revenue โ
FY20
Gross โ
Operating โ
Net โ
FCF โ
FY21
Gross โ
Operating โ
Net โ
FCF โ
FY22
Gross โ
Operating โ
Net โ
FCF โ
FY23
Gross โ
Operating โ
Net โ
FCF โ
FY24
Gross โ
Operating โ
Net โ
FCF โ
FY25
Gross โ
Operating โ
Net โ
FCF โ
Gross
Operating
Net
FCF
Q3 '20
Gross โ
Operating โ
Net 6,268.3%
FCF โ
Q4 '20
Gross โ
Operating โ
Net โ
FCF โ
Q3 '21
Gross โ
Operating โ
Net 7,644.8%
FCF 3,692.9%
Q4 '21
Gross โ
Operating โ
Net โ
FCF โ
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY20
Net income โ$13.4M
FY21
Net income โ$31.8M
FY22
Net income โ$36.7M
FY23
Net income โ$41.5M
FY24
Net income โ$53.5M
FY25
Net income โ$75.2M
Q3 '20
Net income โ$0.4M
Q4 '20
Net income โ$6.3M
Q3 '21
Net income โ$7.1M
Q4 '21
Net income โ$8.4M
FY20
Diluted EPS โ$0.51
FY21
Diluted EPS โ$0.74
FY22
Diluted EPS $0.69
FY23
Diluted EPS $0.69
FY24
Diluted EPS $0.52
FY25
Diluted EPS $0.49
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY20
Return on capital โ
Return on equity โ
Return on assets โ80.7%
FY21
Return on capital โ67.8%
Return on equity โ80.6%
Return on assets โ54.8%
FY22
Return on capital โ315.1%
Return on equity โ53.7%
Return on assets โ34.9%
FY23
Return on capital โ215.2%
Return on equity โ87.8%
Return on assets โ40.6%
FY24
Return on capital โ148.0%
Return on equity โ72.4%
Return on assets โ45.5%
FY25
Return on capital โ692.1%
Return on equity โ91.1%
Return on assets โ55.9%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ$39.9M in fiscal 2025, โ of revenue. Cash from operations minus capital spending.
FY20
Free cash flow โ$14.4M
FY21
Free cash flow โ$56.9M
FY22
Free cash flow โ$55.0M
FY23
Free cash flow โ$36.7M
FY24
Free cash flow โ$48.2M
FY25
Free cash flow โ$39.9M
Q3 '20
Free cash flow โ
Q4 '20
Free cash flow โ
Q3 '21
Free cash flow โ$3.4M
Q4 '21
Free cash flow โ$32.9M
FY20
Cash from operations โ$13.5M
Capital spending $0.9M
FY21
Cash from operations โ$27.4M
Capital spending $29.5M
FY22
Cash from operations โ$34.5M
Capital spending $20.5M
FY23
Cash from operations โ$29.3M
Capital spending $7.5M
FY24
Cash from operations โ$37.9M
Capital spending $10.3M
FY25
Cash from operations โ$30.2M
Capital spending $9.8M
Cash from operations
Capital spending
Q3 '20
Cash from operations โ$4.7M
Capital spending โ
Q4 '20
Cash from operations โ$4.6M
Capital spending โ
Q3 '21
Cash from operations โ$11.3M
Capital spending โ$7.9M
Q4 '21
Cash from operations โ$5.0M
Capital spending $27.9M
Cash from operations
Capital spending
Dividends, buybacks and share count
Nouveau Monde Graphite Inc. returned โ to shareholders in fiscal 2025. The diluted share count rose 49.4%.
FY20
Dividends โ
Buybacks โ
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY20
Diluted shares 0.03B
FY21
Diluted shares 0.04B
FY22
Diluted shares 0.06B
FY23
Diluted shares 0.06B
FY24
Diluted shares 0.10B
FY25
Diluted shares 0.15B
Balance sheet
Cash, debt and the ratios that show how comfortably Nouveau Monde Graphite Inc. can carry it.
FY20
Cash $3.5M
Debt $1.4M
FY21
Cash $49.1M
Debt $1.7M
FY22
Cash $44.3M
Debt $1.5M
FY23
Cash $27.4M
Debt $1.3M
FY24
Cash $73.9M
Debt $0.7M
FY25
Cash $54.0M
Debt $0.6M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $49.1M | $44.3M | $27.4M | $73.9M | $54.0M |
| Debt incl. finance leases | $1.7M | $1.5M | $1.3M | $0.7M | $0.6M |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | โ38.3x | โ | โ | โ | โ |
| Current ratio | 4.7x | 4.6x | 0.7x | 2.4x | 0.9x |
| Quick ratio | 4.7x | 4.6x | 0.7x | 2.4x | 0.9x |
| Total assets | $99.4M | $111M | $93.5M | $142M | $127M |
| Total liabilities | $16.3M | $57.4M | $52.5M | $35.1M | $69.1M |
| Shareholders' equity | $83.2M | $53.4M | $41.1M | $107M | $58.3M |
| Net debt (โ = net cash) | โ$47.4M | โ$42.8M | โ$26.1M | โ$73.2M | โ$53.4M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 4 / 7 | 2 / 7 | 1 / 7 | 4 / 7 | 2 / 7 |
| Accruals ratio | 0.3% | โ7.7% | โ2.1% | โ11.9% | โ13.2% | โ33.5% |
| Altman Z'' | โ17.17 | 3.32 | โ2.64 | โ9.11 | โ2.32 | โ9.27 |
6 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Operating income | โ$12.5M | โ$30.7M | โ$42.4M | โ$40.8M | โ$63.0M | โ$42.7M |
| Interest expense | $0.9M | $0.8M | โ | โ | โ | โ |
| Pretax income | โ$13.4M | โ$31.5M | โ$36.3M | โ$41.2M | โ$53.2M | โ$74.9M |
| Income tax | $0.0M | $0.3M | $0.3M | $0.3M | $0.3M | $0.3M |
| Net income | โ$13.4M | โ$31.8M | โ$36.7M | โ$41.5M | โ$53.5M | โ$75.2M |
| Diluted EPS | โ$0.51 | โ$0.74 | $0.69 | $0.69 | $0.52 | $0.49 |
| Diluted shares | 0.03B | 0.04B | 0.06B | 0.06B | 0.10B | 0.15B |
| Cash flow | ||||||
| Cash from operations | โ$13.5M | โ$27.4M | โ$34.5M | โ$29.3M | โ$37.9M | โ$30.2M |
| Capital expenditure | $0.9M | $29.5M | $20.5M | $7.5M | $10.3M | $9.8M |
| Free cash flow | โ$14.4M | โ$56.9M | โ$55.0M | โ$36.7M | โ$48.2M | โ$39.9M |
| Depreciation and amortization | $0.9M | $0.9M | $3.5M | $6.0M | $6.6M | $5.3M |
| Stock-based compensation | $1.5M | $5.3M | $6.7M | $2.3M | $2.9M | $3.1M |
| Balance sheet | ||||||
| Cash and short-term investments | $3.5M | $49.1M | $44.3M | $27.4M | $73.9M | $54.0M |
| Total debt | $1.4M | $1.7M | $1.5M | $1.3M | $0.7M | $0.6M |
| Current assets | $8.2M | $58.4M | $54.6M | $32.4M | $79.2M | $58.0M |
| Current liabilities | $8.3M | $12.4M | $11.9M | $49.5M | $32.6M | $66.8M |
| Property and equipment, net | $3.3M | $33.1M | $47.4M | $52.1M | $54.0M | $62.4M |
| Intangible assets | $0.7M | $0.4M | $0.1M | $0.0M | โ | โ |
| Total assets | $16.6M | $99.4M | $111M | $93.5M | $142M | $127M |
| Total liabilities | $20.8M | $16.3M | $57.4M | $52.5M | $35.1M | $69.1M |
| Shareholders' equity | โ$4.2M | $83.2M | $53.4M | $41.1M | $107M | $58.3M |
| Returns | ||||||
| Return on capital | โ | โ67.8% | โ315.1% | โ215.2% | โ148.0% | โ692.1% |
| Return on capital employed | โ150.2% | โ35.3% | โ42.8% | โ92.7% | โ57.7% | โ70.4% |
| Return on equity | โ | โ80.6% | โ53.7% | โ87.8% | โ72.4% | โ91.1% |
| Return on assets | โ80.7% | โ54.8% | โ34.9% | โ40.6% | โ45.5% | โ55.9% |
| Return on tangible equity | โ | โ38.4% | โ68.8% | โ101.1% | โ50.1% | โ129.0% |
| Growth | ||||||
| EPS growth | โ | โ | โ | โ0.3% | โ24.8% | โ6.2% |
| Share count change | โ | 63.5% | 32.8% | 5.3% | 71.6% | 49.4% |
| Financial health | ||||||
| Debt / equity | โ | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | โ13.2x | โ38.3x | โ | โ | โ | โ |
| Current ratio | 1.0x | 4.7x | 4.6x | 0.7x | 2.4x | 0.9x |
| Quick ratio | 1.0x | 4.7x | 4.6x | 0.7x | 2.4x | 0.9x |
| Quality scores | ||||||
| Piotroski F-score | โ | 4.0 | 2.0 | 1.0 | 4.0 | 2.0 |
| Altman Z'' | โ17.2 | 3.3 | โ2.6 | โ9.1 | โ2.3 | โ9.3 |
| Accruals ratio | 0.3% | โ7.7% | โ2.1% | โ11.9% | โ13.2% | โ33.5% |
Source: SEC EDGAR XBRL filings (CIK 0001649752). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CAD under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only โ not investment advice. Check the original filings before relying on any figure.