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. In the quarter to June 2026, revenue grew 14.0%, EPS grew 158.3%, free cash flow grew 462.5% and total debt rose 9.12%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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B2Gold Corp (BTG) EV/Sales
As of 16 October 2026, B2Gold Corp (BTG) trades at a EV/Sales of 1.9×. Over the past ten years it has ranged from 1.3× (July 2026) to 6.2× (August 2016); the current reading is higher than 22% of that period. That is below the Gold industry median of 4.8× and above the Basic Materials sector median of 1.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 2.0× | 17.30% |
| FY2024 | 1.7× | (10.16%) |
| FY2023 | 1.9× | 0.56% |
| FY2022 | 1.9× | (4.65%) |
| FY2021 | 2.0× | (34.28%) |
| FY2020 | 3.1× | (15.57%) |
| FY2019 | 3.6× | 16.94% |
| FY2018 | 3.1× | (44.28%) |
| FY2017 | 5.6× | 39.47% |
| FY2016 | 4.0× | 67.43% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 1.4× | (17.88%) |
| Mar 2026 | 1.7× | (18.01%) |
| Dec 2025 | 2.0× | (25.37%) |
| Sep 2025 | 2.7× | 20.56% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| HMY Harmony Gold Mining Company Limited compare | 1.4× |
| BTG B2Gold Corp | 1.9× |
| FSM Fortuna Mining Corp. compare | 2.4× |
| SSRM Silver Standard Resources Inc. compare | 2.6× |
| ARIS Aris Mining Corporation compare | 2.9× |
| EQX Equinox Gold Corp. compare | 3.1× |
| CDE Coeur Mining, Inc. compare | 4.9× |
| AUGO Aura Minerals Inc. compare | 5.8× |
| OR OR Royalties Inc. compare | 19.4× |
| Gold industry median | 4.8× |
| Basic Materials sector median | 1.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)