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ValueScreener company report

IAMGOLD Corporation (IAG)

NYSE / Basic Materials / Gold

Share price

17.76 USD Market dataClose of Oct 15, 2026

Market capitalisation

10.14B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 18, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

18.2% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

13.85x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

8.4% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 987.1M USDFY2016 Net income: 52.6M USDFY2017 Revenue: 1.09B USDFY2017 Net income: 501.6M USDFY2018 Revenue: 1.11B USDFY2018 Net income: -28.2M USDFY2019 Revenue: 1.07B USDFY2019 Net income: -412.6M USDFY2020 Revenue: 1.24B USDFY2020 Net income: 42.6M USDFY2021 Revenue: 875.5M USDFY2021 Net income: -254.4M USDFY2022 Revenue: 958.8M USDFY2022 Net income: -70.1M USDFY2023 Revenue: 987.1M USDFY2023 Net income: 94.3M USDFY2024 Revenue: 1.63B USDFY2024 Net income: 819.6M USDFY2025 Revenue: 2.85B USDFY2025 Net income: 732.3M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
6 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 13.85x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Basic Materials sector (124 companies), 13.85x sits at the 20th percentile; the middle half of that group runs from 15.03x to 34.97x.

Is it good

Return on invested capital was 18.2% in FY2025, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Basic Materials sector (99 companies), 18.2% sits at the 90th percentile; the middle half of that group runs from 1.5% to 12.9%.

Is it safe

Interest coverage was 9.75x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether IAMGOLD Corporation's return on invested capital stayed above the median of the Basic Materials sector, year by year. (FY2023 to FY2025, 3 fiscal years of IAMGOLD Corporation with a comparable figure)
The direction
Which way IAMGOLD Corporation's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of IAMGOLD Corporation)
What could explain it
What in IAMGOLD Corporation's filed statements could explain the movements. (6 readings drawn from the statement lines IAMGOLD Corporation filed)
What to check next
What to check next on IAMGOLD Corporation, and where in its filings. (1 question for IAMGOLD Corporation)
In one paragraph
One paragraph on IAMGOLD Corporation's returns, cash, balance sheet and price. (13 of sixteen figures read for IAMGOLD Corporation)

These are IAG’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research IAGPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 40-F, filed Feb 18, 2026, accession 0001062993-26-001022.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

IAMGOLD Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax18.2% ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Return on equity17.5% ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Return on capital employed, pre-tax20.5% ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Return on assets12.5% ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Gross margin42.3% ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Operating margin38.3% ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Net margin25.7% ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
IAG 25.7%
HMY 19.5%HL 22.6%CDE 28.3%AGI 49.0%KGC 33.9%
19.5%49.0%
Net margin: IAG against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

IAMGOLD Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.18 ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Current ratio1.75 ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Quick ratio1.02 ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Interest coverage9.75x ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Altman Z-score5.18 ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Net debt339.9M ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Total assets 5.85BTotal liabilities 1.61BShareholders' equity 4.19BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What IAMGOLD Corporation owned and owed at the end of fiscal 2025, from the balance sheet it filed (40-F, filed Feb 18, 2026, 0001062993-26-001022).

IAMGOLD Corporation: balance sheet position
Total assets5.85B FiledFY2025 40-F, filed Feb 18, 2026
Total liabilities1.61B FiledFY2025 40-F, filed Feb 18, 2026
Shareholders' equity4.19B FiledFY2025 40-F, filed Feb 18, 2026
Cash421.9M FiledFY2025 40-F, filed Feb 18, 2026
Total debt761.8M FiledFY2025 40-F, filed Feb 18, 2026
Net debt339.9M
Current ratio1.75
Debt to equity0.18

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

IAMGOLD Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings13.85x ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.42x ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Price to sales3.55x ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Enterprise value to EBIT9.58x ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Price to earnings over growth0.21 ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Diluted earnings per share
Why n/a

The FY2025 filing carries no diluted earnings per share we could read.

n/a FiledFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022

We publish no fair value or price target of our own. Value IAG on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for IAMGOLD Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

IAMGOLD Corporation: valuation
Share price17.76 USD
Market capitalisation10.14B USD
Enterprise value to EBITDAn/a
Graham numbern/a
Diluted earnings per sharen/a

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like IAMGOLD Corporation

  1. Harmony Gold Mining Company Limited (HMY)Market cap 10.65B USD
  2. Hecla Mining Company (HL)Market cap 10.45B USD
  3. Coeur Mining, Inc. (CDE)Market cap 15.94B USD
  4. Alamos Gold Inc. (AGI)Market cap 13.40B USD
  5. Kinross Gold Corporation (KGC)Market cap 28.29B USD

Same industry (Gold) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

IAMGOLD Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield8.4% ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Free cash flow849.1M USD ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Free cash flow margin29.8% ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
FY2016 Free cash flow: 41.6M USDFY2016 Net income: 52.6M USDFY2017 Free cash flow: 98.3M USDFY2017 Net income: 501.6M USDFY2018 Free cash flow: -66.1M USDFY2018 Net income: -28.2M USDFY2019 Free cash flow: 114.9M USDFY2019 Net income: -412.6M USDFY2020 Free cash flow: 55.5M USDFY2020 Net income: 42.6M USDFY2021 Free cash flow: -240.2M USDFY2021 Net income: -254.4M USDFY2022 Free cash flow: -334.0M USDFY2022 Net income: -70.1M USDFY2023 Free cash flow: -747.9M USDFY2023 Net income: 94.3M USDFY2024 Free cash flow: -72.6M USDFY2024 Net income: 819.6M USDFY2025 Free cash flow: 849.1M USDFY2025 Net income: 732.3M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filing

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

IAMGOLD Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
13.85xFY2025Oct 15, 2026
2.42xFY2025Oct 15, 2026
9.58xFY2025Oct 15, 2026
8.4%FY2025Oct 15, 2026
18.2%FY2025Feb 18, 2026
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
0.18FY2025Feb 18, 2026
1.75FY2025Feb 18, 2026
3.55xFY2025Oct 15, 2026
0.21FY2025Oct 15, 2026
5.18FY2025Oct 15, 2026
-1.39FY2025Feb 18, 2026
7/9FY2025Feb 18, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports IAMGOLD Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

IAMGOLD Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20252.85B1.09B732.3Mn/a849.1M38.3%17.5%40-F, Feb 18, 20260001062993-26-001022
FY20241.63B944.0M819.6Mn/a-72.6M57.8%24.6%40-F, Mar 21, 20250001062993-25-006062
FY2023987.1M-300.0K94.3Mn/a-747.9M-0.0%4.3%40-F, Mar 15, 20240001062993-24-006457
FY2022958.8M41.3M-70.1Mn/a-334.0M4.3%-3.3%40-F, Mar 28, 20230001062993-23-007836
FY2021875.5M-104.6M-254.4Mn/a-240.2M-11.9%-11.4%40-F, Feb 24, 20220001628280-22-003628
FY20201.24B145.4M42.6Mn/a55.5M11.7%1.7%40-F, Feb 18, 20210001062993-21-001650
FY20191.07B-338.1M-412.6Mn/a114.9M-31.7%-17.6%40-F, Feb 19, 20200001062993-20-001084
FY20181.11B34.1M-28.2Mn/a-66.1M3.1%-1.0%40-F, Feb 20, 20190001062993-19-001011
FY20171.09B580.0M501.6Mn/a98.3M53.0%18.0%40-F, Feb 21, 20180001193125-18-052173
FY2016987.1M32.5M52.6Mn/a41.6M3.3%2.4%40-F, Feb 21, 20180001193125-18-052173
  • Revenue, compound annual growth FY2016 to FY2025: 12.5%
  • Earnings, compound annual growth FY2016 to FY2025: 34.0%
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow, compound annual growth FY2016 to FY2025: 39.8%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

IAMGOLD Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-1.39 ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Piotroski F-score7/9 ComputedFY2025 40-F, filed Feb 18, 2026, 0001062993-26-001022
Named tests met6 of 30 Computed
Beta1.24 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 6 met, 17 not met, 7 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Earnings yield and ROIC (Joel Greenblatt); High returns and growth; ROIC at or above WACC; Z-score and coverage (Edward Altman); Cash-flow yield and ROIC; Clean books, high ROIC
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Gross margin, turnover (Robert Novy-Marx); Low beta, profitable; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Low PEG, low debt (Peter Lynch); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; P/E times P/B (Benjamin Graham); High returns, low debt; Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(9)
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 9 figures could not be read on this company, among them Positive Earnings Streak, Eps Growth 5Y, EV/EBITDA. Each blank in the table above names the rest, with its reason. 7 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.