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

5.36 0.09 +1.71%

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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

B2Gold Corp (BTG) Price to free cash flow

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As of 5 November 2026, B2Gold Corp (BTG) trades at a price to free cash flow of 15.5×. Over the past ten years it has ranged from 0.0× (December 2025) to 249× (February 2026); the current reading is higher than 71% of that period. That is in line with the Gold industry median of 15.5× and below the Basic Materials sector median of 17.7×.

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<iframe src="https://stockrow.com/embed/BTG/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="B2Gold Corp price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/BTG/metrics/price-to-free-cash-flow">B2Gold Corp (BTG) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	181×	—
FY2024	0.0×	—
FY2023	0.0×	—
FY2022	15.4×	57.21%
FY2021	9.8×	0.50%
FY2020	9.8×	(44.55%)
FY2019	17.6×	40.03%
FY2018	12.6×	—
FY2017	0.0×	—
FY2016	100×	—

Period	Price to free cash flow	Change
Jun 2026	10.9×	(27.94%)
Mar 2026	15.1×	(91.65%)
Dec 2025	181×	—
Sep 2025	0.0×	—
42 more quarters	Free account

Against its own ten years

Low 0.0× High 249×

Ten-year median 11.3×

Current reading's percentile 71

Company	Price to free cash flow
OGC Oceanagold Corp. compare	8.3×
CDE Coeur Mining, Inc. compare	11.5×
BTG B2Gold Corp	15.5×
ARIS Aris Mining Corporation compare	18.1×
SSRM Silver Standard Resources Inc. compare	19.2×
HMY Harmony Gold Mining Company Limited compare	20.8×
AUGO Aura Minerals Inc. compare	28.8×
EQX Equinox Gold Corp. compare	34.2×
OR OR Royalties Inc. compare	46.7×
Gold industry median	15.5×
Basic Materials sector median	17.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

B2Gold Corp (BTG) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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