Equinox Gold Corp.

EQX Basic Materials Gold

Equinox Gold Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 99.1% from fiscal 2024.

Revenue
+169.3%
EPS
+480.0%
Free cash flow
−103.6%
Total debt
−67.3%

Quarter to June 2026, against a year earlier

11.14 0.14 −1.24%
Market cap
$13.2B
P/E
10.9×
Fwd P/E
9.3×
Dividend yield
0.46%
F-score
7/9
Altman Z
1.62
Beneish M
−2.57
Dividend safety
66/100

Equinox Gold Corp. (EQX) Gross margin

Alert me on Gross margin

Equinox Gold Corp.'s gross margin over the twelve months to 30 June 2026 was 43.7%, up 8.3 percentage points from fiscal 2025 (35.4%). Over the past ten years it has ranged from −300.0% (fiscal 2016) to 35.4% (fiscal 2025) — the current reading is the highest in ten years. That is below the Gold industry median of 49.1% and above the Basic Materials sector median of 25.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 35.4% 12.80
FY2024 22.6% 12.56
FY2023 10.0% 1.10
FY2022 8.92% (12.39)
FY2021 21.3% (13.02)
FY2020 34.3% 4.56
FY2019 29.8% 47.72
FY2018 −18.0% (17.95)
FY2017 0.00% 300.00
FY2016 −300.0% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 39.2% (11.72)
Mar 2026 50.9% (3.72)
Dec 2025 54.6% 20.44
Sep 2025 34.2% (0.75)
24 more quarters

Against its own ten years

Low −300.0% High 35.4%
Ten-year median 15.7%
Current reading's percentile 96

Gross margin against peers

Company Gross margin
RGLD Royal Gold, Inc. compare 86.7%
OR OR Royalties Inc. compare 84.9%
OGC Oceanagold Corp. compare 64.2%
SSRM Silver Standard Resources Inc. compare 62.7%
AUGO Aura Minerals Inc. compare 60.0%
BTG B2Gold Corp compare 49.1%
EQX Equinox Gold Corp. 43.7%
HMY Harmony Gold Mining Company Limited compare 15.4%
CDE Coeur Mining, Inc. compare 0.00%
Gold industry median 49.1%
Basic Materials sector median 25.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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