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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
5.32
0.21
+4.11%
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B2Gold Corp (BTG) Operating margin
B2Gold Corp's operating margin over the twelve months to 30 June 2026 was 51.1%, up 5.9 percentage points from fiscal 2025 (45.2%). Over the past ten years it has ranged from −17.1% (fiscal 2015) to 49.1% (fiscal 2020); the current reading is higher than 91% of that period. That is above the Gold industry median of 21.9% and above the Basic Materials sector median of 2.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 45.2% | 58.21 |
| FY2024 | −13.1% | (29.99) |
| FY2023 | 16.9% | (12.07) |
| FY2022 | 29.0% | (11.49) |
| FY2021 | 40.5% | (8.62) |
| FY2020 | 49.1% | 5.15 |
| FY2019 | 44.0% | 15.02 |
| FY2018 | 28.9% | 16.41 |
| FY2017 | 12.5% | (5.95) |
| FY2016 | 18.5% | 35.60 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 66.1% | 17.07 |
| Mar 2026 | 49.0% | 0.51 |
| Dec 2025 | 48.5% | 5.98 |
| Sep 2025 | 42.5% | (5.09) |
| 42 more quarters | Free account |
Against its own ten years
Low −17.1%
High 49.1%
Ten-year median
28.9%
Current reading's percentile
95
Operating margin against peers
| Company | Operating margin |
|---|---|
| OR OR Royalties Inc. compare | 77.2% |
| AUGO Aura Minerals Inc. compare | 52.9% |
| BTG B2Gold Corp | 51.1% |
| ARIS Aris Mining Corporation compare | 44.7% |
| OGC Oceanagold Corp. compare | 44.2% |
| EQX Equinox Gold Corp. compare | 35.9% |
| SSRM Silver Standard Resources Inc. compare | 33.9% |
| CDE Coeur Mining, Inc. compare | 29.7% |
| HMY Harmony Gold Mining Company Limited compare | 0.00% |
| Gold industry median | 21.9% |
| Basic Materials sector median | 2.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on BTG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement