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

5.27 0.00 0.00%
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

B2Gold Corp (BTG) Free cash flow margin

Alert me on Free cash flow margin

B2Gold Corp's free cash flow margin over the twelve months to 30 June 2026 was 12.1%, up 11.0 percentage points from fiscal 2025 (1.08%). Over the past ten years it has ranged from −20.7% (fiscal 2015) to 33.4% (fiscal 2020); the current reading is higher than 45% of that period. That is above the Gold industry median of 0.00% and above the Basic Materials sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 1.08% 2.83
FY2024 −1.75% 3.23
FY2023 −4.98% (19.62)
FY2022 14.6% (9.29)
FY2021 23.9% (9.50)
FY2020 33.4% 13.46
FY2019 20.0% (1.81)
FY2018 21.8% 28.71
FY2017 −6.93% (10.42)
FY2016 3.49% 24.16

Against its own ten years

Low −20.7% High 33.4%
Ten-year median 3.49%
Current reading's percentile 45

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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