New Gold Inc. NGD.TO TSX

New Gold Inc. (NGD.TO) generated $873.83M in operating cash flow for fiscal year 2025. After capital expenditures of $603.08M, free cash flow was $270.76M.

Free cash flow margin was 18.1% of revenue. Cash conversion ratio was 1x, indicating earnings are backed by cash.

Criteria supported by this page:

• HEALTH (83/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (67/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (100/100) — Cash conversion ratio was 1x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 79/100 with 4/7 criteria passed.