Saturday 17 October 2026
Export EQX’s income statement to Excel — free account
Equinox Gold Corp.
EQX Basic Materials Gold
In the quarter to June 2026, revenue grew 169.3%, EPS grew 480.0%, free cash flow fell 103.6% and total debt fell 67.3%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
11.15
0.04
+0.36%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | 3.65 | 4.63 | 5.90 | 2.35 | 3.32 | 3.95 | 5.04 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | 8.18 | 13.66 | 11.24 | 9.07 | 5.85 | 6.50 | 15.10 | |||||
| People | |||||||||||||||
| People | Employees | — | — | 491 | — | 3,433 | 3,405 | 3,317 | 3,692 | 3,692 | 5,219 | ||||
| Revenue/emp, $m | 0.00 | — | 0.06 | 0.00 | 0.25 | 0.32 | 0.29 | 0.29 | 0.25 | 0.35 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1 | — | 29 | 282 | 845 | 1,082 | 952 | 1,088 | 913 | 1,817 | ||||
| Gross margin, % | (300.00) | 0.00 | (17.95) | 29.77 | 34.33 | 21.31 | 8.92 | 10.02 | 22.58 | 35.38 | |||||
| EBT | (3) | (13) | (35) | (13) | 43 | 535 | (98) | 15 | 533 | 131 | |||||
| EBT margin, % | (400.00) | 0.00 | (123.08) | (4.68) | 5.10 | 49.44 | (10.33) | 1.36 | 58.42 | 7.23 | |||||
| Net income | (2) | 0 | 0 | (20) | 22 | 555 | (106) | 29 | 339 | 221 | |||||
| Depreciation | 0 | — | 5 | 39 | 152 | 198 | 189 | 216 | 208 | 359 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.15 | 0.00 | 0.31 | 2.52 | 3.98 | 3.80 | 3.13 | 3.48 | 2.28 | 2.88 | ||||
| Earnings | (0.44) | (0.58) | (0.68) | (0.16) | 0.10 | 1.95 | (0.35) | 0.09 | 0.85 | 0.35 | |||||
| Cash flow | (1.37) | (0.93) | (0.24) | 0.53 | 1.20 | 1.13 | 0.19 | 1.15 | 0.93 | 1.30 | |||||
| Capex | 0.00 | 0.00 | 0.00 | (0.86) | (0.53) | (0.89) | (1.66) | (1.67) | (2.89) | (0.97) | |||||
| Free cash flow | (1.37) | (0.93) | (0.24) | (0.33) | 0.67 | 0.24 | (1.47) | (0.53) | (1.96) | 0.33 | |||||
| Book value | 13.19 | 11.56 | 4.31 | 3.60 | 6.82 | 9.07 | 7.74 | 7.81 | 8.49 | 9.19 | |||||
| Shares, m | 5 | 31 | 92 | 112 | 212 | 285 | 304 | 313 | 400 | 630 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | — | 0.00 | 0.00 | 63.13 | 4.09 | 0.00 | 48.40 | 7.71 | 58.50 | ||||
| P/S | 0.00 | — | 0.00 | 0.00 | 2.97 | 1.78 | 1.14 | 1.35 | 2.20 | 4.87 | |||||
| P/B | 0.00 | — | 0.00 | 2.16 | 1.73 | 0.75 | 0.46 | 0.60 | 0.59 | 1.53 | |||||
| EV/Sales | 0.00 | — | 0.00 | 0.00 | 3.21 | 1.66 | 1.75 | 1.92 | 3.41 | 5.41 | |||||
| EV/FCF | 0.00 | — | 0.00 | 0.00 | 25.63 | 26.80 | (3.72) | (12.70) | (3.97) | 47.00 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (7) | (29) | (22) | 60 | 256 | 321 | 56 | 358 | 372 | 818 | ||||
| Capex | 0 | (22) | (98) | (97) | (113) | (254) | (504) | (523) | (1,156) | (609) | |||||
| Free cash flow | (7) | (29) | (22) | (37) | 143 | 67 | (447) | (165) | (784) | 209 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 44 | 51 | 18 | 17 | 423 | 761 | 383 | 354 | 95 | 709 | ||||
| Total debt | — | 44 | 218 | 264 | 545 | 541 | 850 | 925 | 1,348 | 1,555 | |||||
| Net debt | (41) | (22) | 154 | 196 | 197 | (130) | 576 | 623 | 1,102 | 985 | |||||
| Shareholders’ equity | 66 | 358 | 396 | 403 | 1,449 | 2,585 | 2,352 | 2,442 | 3,398 | 5,795 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (0.77) | (41.06) | 0.00 | (3.95) | 1.27 | 16.71 | (2.71) | 0.70 | 6.13 | 2.57 | ||||
| ROIC | 0.00 | 0.00 | 0.00 | 5.75 | 6.57 | 3.73 | 0.22 | 1.01 | 2.11 | 3.99 | |||||
| ROE | (1.05) | (8.67) | (16.56) | (4.59) | 2.41 | 27.51 | (4.30) | 1.20 | 11.62 | 4.82 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Equinox Gold Corp. vs peers in Gold (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GFI Gold Fields Limited | $32.9B | 22.3× | 6.2× | +8.27% (above 0%: growing) | n/m | +754.13% (above 0%: growing) | 37.73% | 0.00% | Compare |
| RGLD Royal Gold, Inc. | $19.7B | 26.0× | 16.3× | +114.91% (above 0%: growing) | +38.31% (above 0%: growing) | +119.34% (above 0%: growing) | 86.66% | 62.13% | Compare |
| CDE Coeur Mining, Inc. | $15.8B | 13.0× | 9.8× | +125.86% (above 0%: growing) | +9.09% (above 0%: growing) | +165.48% (above 0%: growing) | 49.36% | 19.94% | Compare |
| EQX Equinox Gold Corp. | $13.0B | 10.7× | 8.0× | +169.33% (above 0%: growing) | +480.00% (above 0%: growing) | −103.64% (below 0%: shrinking) | 39.20% | 32.14% | |
| HMY Harmony Gold Mining Company Limited | $10.7B | 52.5× | 3.6× | −3.10% (below 0%: shrinking) | n/m | +265.24% (above 0%: growing) | 26.37% | 0.00% | Compare |
| AUGO Aura Minerals Inc. | $7.2B | 24.4× | 7.3× | +76.42% (above 0%: growing) | +2,263.64% (above 0%: growing) | +0.29% (above 0%: growing) | 56.99% | 52.18% | Compare |
| BTG B2Gold Corp | $6.8B | 8.7× | 5.4× | +14.03% (above 0%: growing) | +158.33% (above 0%: growing) | +462.54% (above 0%: growing) | 39.06% | 66.07% | Compare |
| OR OR Royalties Inc. | $6.6B | 23.5× | 24.0× | +62.05% (above 0%: growing) | +94.12% (above 0%: growing) | +61.89% (above 0%: growing) | 84.05% | 77.00% | Compare |
| SSRM Silver Standard Resources Inc. | $6.5B | 27.5× | 6.4× | +9.46% (above 0%: growing) | +6.82% (above 0%: growing) | −46.58% (below 0%: shrinking) | 60.87% | 43.19% | Compare |
| Median of peers | $8.9B | 24.0× | 6.8× | +38.04% | +66.22% | +142.41% | 53.18% | 47.69% |
Equinox Gold Corp. (EQX) key facts
- Equinox Gold Corp. (EQX) is a Gold company in the Basic Materials sector, listed on NYSE American.
- As of October 16, 2026, EQX traded at $11.15, a market capitalization of $13.0 billion.
- Equinox Gold Corp. pays an annual dividend of $0.05 per share, a yield of 0.47%, with a payout ratio of 5.25%.
- Return on equity was 4.82% and debt-to-equity 0.09.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.62 (distress zone) for fiscal 2025.