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

11.35 0.07 +0.62%
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) Operating margin

Alert me on Operating margin

Equinox Gold Corp.'s operating margin over the twelve months to 30 June 2026 was 35.9%, up 12.1 percentage points from fiscal 2025 (23.8%). Over the past ten years it has ranged from 0.00% (fiscal 2018) to 23.8% (fiscal 2025) — the current reading is the highest in ten years. 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 23.8% 7.17
FY2024 16.6% 12.06
FY2023 4.56% 3.47
FY2022 1.09% (12.44)
FY2021 13.5% (6.93)
FY2020 20.5% 0.89
FY2019 19.6% 19.57
FY2018 0.00% 0.00
FY2016 0.00% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 32.1% (13.15)
Mar 2026 45.3% 0.96
Dec 2025 44.3% 19.28
Sep 2025 25.1% 11.63
24 more quarters

Against its own ten years

Low 0.00% High 23.8%
Ten-year median 13.5%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
OR OR Royalties Inc. compare 77.2%
RGLD Royal Gold, Inc. compare 62.0%
AUGO Aura Minerals Inc. compare 52.9%
BTG B2Gold Corp compare 51.1%
OGC Oceanagold Corp. compare 44.2%
EQX Equinox Gold Corp. 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

The full definition of Operating margin →

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