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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

5.36 0.09 +1.71%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

B2Gold Corp (BTG) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, B2Gold Corp (BTG) trades at a EV/EBITDA of 3.0×. Over the past ten years it has ranged from 0.0× (December 2024) to 37.1× (March 2025); the current reading is higher than 8% of that period. That is below the Gold industry median of 6.7× and below the Basic Materials sector median of 9.2×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 3.4× (87.67%)
FY2024 27.7× 441.38%
FY2023 5.1× 36.34%
FY2022 3.7× 0.89%
FY2021 3.7× (19.90%)
FY2020 4.6× (30.71%)
FY2019 6.7× 13.51%
FY2018 5.9× (60.07%)
FY2017 14.8× 16.76%
FY2016 12.6× 51.09%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 2.1× (22.91%)
Mar 2026 2.7× (20.10%)
Dec 2025 3.4× (30.50%)
Sep 2025 4.9× (52.09%)
42 more quarters

Against its own ten years

Low 0.0× High 37.1×
Ten-year median 6.1×
Current reading's percentile 8

EV/EBITDA against peers

Company EV/EBITDA
BTG B2Gold Corp 3.0×
OGC Oceanagold Corp. compare 3.9×
ARIS Aris Mining Corporation compare 5.2×
SSRM Silver Standard Resources Inc. compare 5.5×
EQX Equinox Gold Corp. compare 6.4×
HMY Harmony Gold Mining Company Limited compare 6.8×
AUGO Aura Minerals Inc. compare 8.0×
CDE Coeur Mining, Inc. compare 8.1×
OR OR Royalties Inc. compare 21.6×
Gold industry median 6.7×
Basic Materials sector median 9.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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