Harmony Gold Mining Company Limited
NYSE:HMY · New York Stock Exchange
-$0.68 today
Vol 6.91M · Avg 5.18M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:HMY · Revenue to Net Income
Key Ratios
Analysis
$150.3B of revenue converted into $26.3B of net income for the selected period. Gross margin is 37.3% and net margin is 17.0%, showing how much revenue survives after costs and taxes. EPS is $41.84, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $73.9B +20.4% | $61.4B +24.6% | $49.3B +15.5% | $42.6B +2.2% | $41.7B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $44.6B -5.6% | $47.2B +19.5% | $39.5B -5.7% | $41.9B +17.6% | $35.7B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $29.3B +107.1% | $14.1B +45.2% | $9.7B +1256.5% | $718.0M -88.2% | $6.1B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 39.7% +16.6pp | 23.0% +3.3pp | 19.8% +18.1pp | 1.7% -12.9pp | 14.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $2.6B +98.0% | $1.3B -16.5% | $1.6B +57.5% | $984.0M -21.0% | $1.2B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $8.9B +262.2% | $2.5B -6.7% | $2.6B -73.0% | $9.8B +91.4% | $5.1B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $4.8B +4.3% | $4.6B +34.4% | $3.5B -6.2% | $3.7B -5.0% | $3.9B | $374.2M | $1.2B | $631.8M |
| EBITDA | $26.3B +59.0% | $16.5B +49.5% | $11.1B +230.7% | $3.3B -69.4% | $10.9B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 35.5% +8.6pp | 26.9% +4.5pp | 22.4% +14.6pp | 7.8% -18.3pp | 26.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $20.4B +74.3% | $11.7B +64.6% | $7.1B +1039.7% | -$755.0M -111.7% | $6.5B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 27.5% +8.5pp | 19.0% +4.6pp | 14.4% +16.2pp | -1.8% -17.2pp | 15.5% | 16.6% | 24.1% | 22.0% |
| Interest Income | $806.0M +16.8% | $690.0M +62.4% | $425.0M +54.0% | $276.0M +4.2% | $265.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $0 -100.0% | $796.0M -19.9% | $994.0M +38.4% | $718.0M +8.6% | $661.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $849.0M +803.2% | $94.0M +119.3% | -$488.0M -61.1% | -$303.0M -345.6% | -$68.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $21.2B +80.2% | $11.8B +78.2% | $6.6B +724.4% | -$1.1B -116.6% | $6.4B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 28.7% +9.5pp | 19.2% +5.8pp | 13.4% +15.9pp | -2.5% -17.8pp | 15.3% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $6.7B +116.0% | $3.1B +78.9% | $1.7B +3845.7% | -$46.0M -103.7% | $1.3B | $1.3B | -$1.6B | $745.2M |
| Net Income | $14.4B +67.5% | $8.6B +78.2% | $4.8B +558.2% | -$1.1B -120.7% | $5.1B | $4.9B | $4.8B | $4.7B |
| Net Margin | 19.5% +5.5pp | 14.0% +4.2pp | 9.8% +12.2pp | -2.5% -14.7pp | 12.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $23 +66.9% | $14 +77.7% | $8 +553.5% | -$2 -120.4% | $8 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $23 +67.7% | $14 +75.5% | $8 +551.7% | -$2 -120.8% | $8 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $628.7M +1.5% | $619.4M +0.3% | $617.6M +0.8% | $612.5M +1.4% | $604.3M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $629.0M -0.1% | $629.7M +1.5% | $620.5M +1.3% | $612.5M -0.6% | $616.4M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector

Alcoa Corporation
NYSE:AA
$16.30B

Alamos Gold Inc.
NYSE:AGI
$15.67B

Royal Gold, Inc.
NASDAQ:RGLD
$15.16B

Coeur Mining, Inc.
NYSE:CDE
$11.41B

MP Materials Corp.
NYSE:MP
$10.83B

Hecla Mining Company
NYSE:HL
$10.77B

Suzano S.A.
NYSE:SUZ
$10.23B

IAMGOLD Corporation
NYSE:IAG
$10.16B

Equinox Gold Corp.
AMEX:EQX
$8.70B

Sibanye Stillwater Limited
NYSE:SBSW
$7.18B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does HMY generate?
Harmony Gold Mining Company Limited (HMY) reported $73.90B of revenue in fiscal 2025.
Is HMY profitable?
Harmony Gold Mining Company Limited (HMY) reported $14.38B of net income, with a net margin of 19.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.