Company / Return on Equity (ROE)
NOVAGOLD RESOURCES INC Return on Equity (ROE) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Equity (ROE)
-57.8%
FY2025
5-year range
-178.4% / -51.8%
FY2021-FY2025
Trend
-
vs FY2024
Sector context
#105 of 113
Materials
What the data says
NOVAGOLD RESOURCES INC reports negative total equity of -57.8% in FY2025. Negative equity can occur when accumulated losses exceed contributed capital, as reported in the balance sheet from the SEC filing.
Based on SEC 10-K filings.
-57.8% in FY2025 with a 5-year CAGR of -27.5%.
Declined from -51.8% to -57.8% over the past 4 years.
Materials sector context is included.
Return on Equity (ROE) over time
Growth rates
- 3-Year Change
- +120.6pp
- 5-Year Change
- -27.5pp
- 10-Year Change
- -
Sector benchmark
Bottom 7% in MaterialsTop 93% of 113This company -57.8% Sector average -10.0%
▼
-478.6% below sector average
Key checks
Key Insights
- Currently 47.8pp below the Materials sector average.
- Peak return on equity (roe) was recorded in FY2016.
- Lowest return on equity (roe) in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score -5.34 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Return on Equity (ROE)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | -57.8% | - |
| FY2024 | - | - |
| FY2023 | - | - |
| FY2022 | -178.4% | -244.5% |
| FY2021 | -51.8% | -70.8% |
| FY2020 | -30.3% | -120.6% |
| FY2019 | -13.7% | -21.9% |
| FY2018 | -11.3% | +18.0% |
| FY2017 | -13.7% | -37.5% |
| FY2016 | -10.0% | -3.0% |
As of FY2025 · SEC 10-K Annual Filings · Updated Jun 30, 2026