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EQXEquinox Gold Corp.
$10.29$8.1B
Overview & Verdict
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EQX logoEquinox Gold Corp.(EQX)Earnings, Financials & Key Ratios

EQX•AMEX
$10.29
28.6× P/E·Price updated Jul 6, 2026
SectorBasic MaterialsIndustryGoldSub-IndustryLarge and mid-tier gold producers
AboutEquinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil. The company also hold interests in the Mesquite gold mine and the Castle Mountain property situated in California, the United States; and the Los Filos Gold Mine located in Guerrero State, Mexico. In addition, it holds a 60% interest in the Greenstone project located in Ontario, Canada. The company was formerly known as Trek Mining Inc. and changed its name to Equinox Gold Corp. in December 2017. Equinox Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.Show more
  • Revenue$1.85B+22.1%
  • EBITDA$966M+109.8%
  • Net Income$225M-33.6%
  • EPS (Diluted)0.36-47.1%
  • Gross Margin24.99%+24.5%
  • EBITDA Margin52.27%+71.8%
  • Operating Margin23.79%+51.4%
  • Net Margin12.19%-45.6%
  • ROE4.91%-57.8%

EQX Price & Volume

Equinox Gold Corp. (EQX) stock price & volume — 10-year historical chart

Loading chart...

Equinox Gold Scales Production Amidst Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Strained
Cash Flow:Improving
Primary Risk:Operational volatility at Los Filos

Key Thesis Takeaways

  • Equinox Gold is currently executing an aggressive growth strategy, evidenced by a 103.3% year-over-year revenue surge in 2026Q1 driven by the Greenstone project ramp-up.
  • While the company has successfully expanded its asset base to $9.7 billion, investors should monitor the persistent volatility in net margins, which swung from -17.8% in 2024Q1 to 140.7% in 2025Q4.
  • The long-term outlook remains contingent on management's ability to stabilize operational cash flows and manage the capital intensity required to maintain its $7.9 billion PPE portfolio.

Verdict Logic

while the forward P/E of 7.02 suggests potential value, the historical volatility in OCF/NI ratios and the ongoing need for heavy capital reinvestment warrant a cautious approach until operational cash flow stabilizes.

EQX Growth Metrics

Equinox Gold Corp. (EQX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years16.94%
3 Years24.76%
TTM34.8%

Profit CAGR

10 Years-
5 Years58.84%
3 Years-
TTM62.37%

EPS CAGR

10 Years-
5 Years29.2%
3 Years-
TTM62.67%

Return on Capital

10 Years1.1%
5 Years3.41%
3 Years3.97%
Last Year5.76%

EQX Recent Earnings

Equinox Gold Corp. (EQX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.28-3.4%
$0.29
Rev
$862M-3.9%
$897M
Q1 2026
Feb 18, 2026
Metric
Actual
Est
EPS
$0.34+58.9%
$0.21
Rev
$988M+3.8%
$951M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.11+0.0%
$0.11
Rev
$819M+12.0%
$732M
Q3 2025
Aug 13, 2025
Metric
Actual
Est
EPS
$0.11+280.9%
$0.03
Rev
$479M-1.6%
$487M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.28vs $0.29-3.4%
$862Mvs $897M-3.9%
Q1 2026Feb 18, 2026
$0.34vs $0.21+58.9%
$988Mvs $951M+3.8%
Q4 2025Nov 5, 2025
$0.11vs $0.11+0.0%
$819Mvs $732M+12.0%
Q3 2025Aug 13, 2025
$0.11vs $0.03+280.9%
$479Mvs $487M-1.6%
Based on last 12 quarters of dataView full earnings history →

Latest EQX News

Recent stock market news and headlines for Equinox Gold Corp. (EQX)

GlobeNewsWire·Jun 25, 2026
Equinox Gold Secures Long-Term Land Access Agreements with All Three Communities at Los Filos Mine, Planning and Technical Work Underway to Support Mine Restart and Annual Production Expansion

VANCOUVER, British Columbia, June 25, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that it has signed 20-year land access agreements with all three communities that host its Los Filos Mine in Guerrero, Mexico (“Los Filos”). With these agreements in place, the Company has initiated activities to support the gradual restart of heap leach operations and is advancing technical studies to evaluate potential expansion opportunities.

GlobeNewsWire·Jun 23, 2026
Equinox Gold Announces Filing and Mailing of Meeting Materials for the Special Meeting of Shareholders to Approve Business Combination with Orla Mining

VANCOUVER, British Columbia, June 23, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) will hold a special meeting of shareholders (“Meeting”) on July 22, 2026 commencing at 9:00 am Vancouver time. Your vote is important, regardless of how many shares you own.

Zacks Investment Research·Jun 23, 2026
Equinox Gold (EQX) Upgraded to Strong Buy: Here's What You Should Know

Equinox Gold (EQX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zacks Investment Research·Jun 23, 2026
Best Value Stocks to Buy for June 23rd

GCO, EQX and NEM made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 23rd, 2026.

Globe News Wire·Jun 22, 2026
Equinox Gold Publishes 2025 Sustainability Report

VANCOUVER, British Columbia, June 22, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce the publication of its 2025 Sustainability Report. Aligned with the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks, the report provides an overview of the Company's performance and progress across key environmental, social and governance topics, including safety, environmental stewardship, community engagement and ethical business practices.

Peers Comparison

Key metrics vs top competitors for Equinox Gold Corp. (EQX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
EQX logoEQXEquinox Gold Corp.Current
$10.29$8.11B28.5822.12%12.19%4.91%—
KGC logoKGCKinross Gold Corporation
$24.72$29.6B12.4239.34%36.04%33.95%—
IAG logoIAGIAMGOLD Corporation
$16.56$9.75B14.2877.75%29.53%25.78%—
CDE logoCDECoeur Mining, Inc.
$16.99$11.06B18.8896.41%31.15%15.17%—
NGD logoNGDNew Gold Inc.
$9.08$7.19B64.8659.66%58.55%64.78%—
BTG logoBTGB2Gold Corp.
$4.05$5.44B14.4660.95%14.75%15.42%—

Compare EQX vs Peers

Equinox Gold Corp. (EQX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KGC

Most directly comparable listed peer for EQX.

Scale Benchmark

vs CAT

Larger-name benchmark to compare EQX against a more recognizable public peer.

Peer Set

Compare Top 5

vs KGC, IAG, CDE, NGD

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EQX Frequently Asked Questions

Equinox Gold Corp. (EQX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Equinox Gold Corp.'s revenue?

Equinox Gold Corp. (EQX) reported $2.29B in revenue for fiscal year 2025.

How fast is Equinox Gold Corp. growing?

Equinox Gold Corp. (EQX) grew revenue by 22.1% over the past year. This is strong growth.

Is EQX profitable?

Yes, Equinox Gold Corp. (EQX) is profitable, generating $610.9M in net income for fiscal year 2025 (12.2% net margin).

Dividend & Returns
What is EQX's return on equity?

Equinox Gold Corp. (EQX) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

What is Equinox Gold Corp.'s free cash flow?

Equinox Gold Corp. (EQX) generated $67.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in EQX back in 2007?

Total return calculator · dividends reinvested · 19+ years of data

See returns →