Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
KGC · NYSE · United States · Gold And Silver Ores
In shortKINROSS GOLD CORP is profitable, generates cash and holds more cash than debt, with revenue growing (+36.9% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 46.5% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 33.9% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 31.0% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 27.2% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.35× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.09× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 24.96× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.63 | 65/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 36.4% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.07× | 97/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 30.6% | 0/100 |
| Operating margin volatility | 18.5% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 26.8% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2,600 | 3,455 | 4,240 | 5,149 | 7,051 |
| Cost of revenue | 2,059 | 2,940 | 3,080 | 3,271 | 3,335 |
| Gross profit | 541 | 515 | 1,160 | 1,878 | 3,716 |
| Selling, general & admin | 114 | 130 | 109 | 126 | 140 |
| Operating income | 72 | 118 | 801 | 1,540 | 3,278 |
| Interest expense | 82 | 94 | 106 | 91 | 131 |
| Pre-tax income | 84 | 107 | 709 | 1,481 | 3,195 |
| Income tax | 115 | 76 | 293 | 487 | 725 |
| Net income | 221 | (605) | 416 | 949 | 2,390 |
| Diluted EPS | $0.17 | −$0.47 | $0.34 | $0.77 | $1.95 |
| Diluted shares (millions) | 1,259 | 1,293 | 1,237 | 1,235 | 1,225 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
3.63 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
9/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 26, 2026