Friday 6 November 2026 Export BTG’s income statement to Excel — free account

B2Gold Corp

BTG Basic Materials Gold

B2Gold Corp’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 60.9% from fiscal 2024.

Revenue: +14.0%
EPS: +158.3%
Free cash flow: +462.5%
Total debt: +9.12%

Quarter to June 2026, against a year earlier

Operating cash flow growth 3 yrs

5.34 0.07 +1.33%

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Market cap: $7.0B
P/E: 8.8×
Fwd P/E: 6.0×
Dividend yield: 1.50%
F-score: 6/9
Altman Z: 2.86
Beneish M: −2.50
Dividend safety: 41/100

Overview

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	29.55	14.67	10.85	6.16
P/S ratio Full definition →		2.61	1.95	1.65	1.32
P/FCF ratio Full definition →		0.00	181.09	15.12	10.90
P/Operating CF Full definition →		38.25	20.57	11.26	(63.24)
P/B ratio Full definition →		1.94	1.64	1.64	1.24
Price to Tangible BV Full definition →		2.07	1.74	1.73	1.31
EV/Sales Full definition →		2.72	2.03	1.67	1.37
EV/EBITDA Full definition →		4.91	3.41	2.73	2.10
EV/Operating CF Full definition →		9.40	6.94	4.89	5.61
EV/FCF Full definition →		(34.17)	188.43	15.29	11.33
Quick Ratio Full definition →		0.46	0.47	0.55	0.58
Current Ratio Full definition →		1.03	1.06	1.19	1.58
Net Debt/EBITDA Full definition →		0.62	0.37	0.10	0.31
Debt/Assets Full definition →		11.20%	10.59%	9.20%	8.41%
Debt/Equity Full definition →		0.19	0.17	0.15	0.12
Asset Turnover Full definition →		0.48	0.57	0.67	0.68
Operating CF/Net income Full definition →		8.87	1.70	2.70	(0.19)
Capex/Depreciation Full definition →		(2.48)	(1.21)	(1.10)	1.21
Interest Coverage Full definition →		70.37	22.82	30.86	33.89
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		2.84%	2.68%	2.18%	3.10%
Intangible Assets out of Total Assets Full definition →		0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →		0.65%	0.38%	0.74%	0.65%
Graham Net Nets Full definition →		(0.19)	(0.19)	(0.16)	(0.13)
Graham Number Full definition →		3.10	4.36	5.10	6.41
Earnings Yield Full definition →		3.38%	6.82%	9.22%	16.24%
Free Cash Flow Yield Full definition →		(3.05%)	0.55%	6.61%	9.18%
Revenue per Share Full definition →		0.59	0.80	0.86	0.59
Operating CF per Share Full definition →		0.13	0.22	0.40	(0.06)
Capex per Share Full definition →		(0.20)	(0.13)	(0.13)	0.11
Free Cash Flow per Share Full definition →		(0.07)	0.09	0.27	0.05
Cash per Share Full definition →		0.28	0.29	0.36	0.22
Shareholders Equity per Share Full definition →		2.55	2.75	2.77	3.01
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		2.55	2.75	2.77	3.01
Free Cash Flow Full definition →		(87.95)	115.90	361.80	67.38
Working Capital Full definition →		34.90	68.42	210.52	405.12
Capital Expenditures Full definition →		(259.34)	(174.68)	(177.68)	146.13
Net Current Asset Value Full definition →		(1,250.96)	(1,108.13)	(942.39)	(642.67)
EV/EBIT Full definition →		6.83	4.50	3.53	2.68
Capex to Sales Full definition →		0.33	0.17	0.15	(0.19)
Price to Operating Income Full definition →		6.56	4.32	3.49	2.58
Other line items
Average Receivables Full definition →		108.48	104.63	114.15	99.43
Average Payables Full definition →		165.77	165.58	177.91	173.63
Average Inventory Full definition →		488.33	552.41	599.50	629.00
Average Assets Full definition →		5,240.48	5,346.66	5,531.66	5,527.81
Average Common Equity Full definition →		3,279.93	3,338.61	3,444.12	3,660.57

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