Equinox Gold
EQX
10.95
-0.43
-3.78%
Equinox Gold
US · EQX
#1245 by market cap
Listed 1970
10.95
-0.43
-3.78%
Live - 5344 symbols - heartbeat 79s ago
· 2026-10-08 06:09
Pre-market
11.00
+0.46%
After-hours
11.09
+1.27%
Overnight
10.98
+0.27%
- Market cap
- 12.78B
- P/E (TTM)i
- 10.14
- P/Bi
- 2.01
- EPSi
- 0.35
- Div yieldi
- 0.27%
- 52W posi
- 24%
Reader sentiment
Are you bullish or bearish on EQX?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.12, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +99.07% YoY
Margins
- Gross margin
- 35.33%
- Operating margin
- 23.79%
- Net margin
- 12.19%
Key ratios & quality
- Enterprise valuei
- 13.77B
- Altman Z-Scorei
- 2.12
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 30.16M | 281.70M | 845.39M | 1.08B | 952.20M | 1.09B | 912.84M | 1.82B |
| Gross profit | 6.93M | 83.37M | 289.49M | 229.35M | 83.94M | 107.91M | 204.19M | 642.10M |
| Selling & admin expenses | 16.38M | 19.49M | 39.70M | 51.35M | 45.65M | 45.17M | 50.28M | 103.89M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -21.76M | 54.68M | 166.88M | 146.47M | 9.95M | 35.82M | 151.70M | 432.34M |
| Pretax profit | -37.07M | -13.19M | 43.10M | 535.04M | -98.41M | 14.77M | 533.31M | 131.37M |
| Tax | 2.34M | 7.14M | 20.81M | -19.85M | 7.62M | -14.12M | 273.02M | 150.23M |
| Net profit | -66.90M | -20.32M | 22.29M | 554.89M | -106.03M | 28.88M | 339.29M | 221.47M |
| Basic EPS | -1 | 0 | 0 | 2 | 0 | 0 | 1 | 0 |
| Diluted EPS | -0.71 | -0.16 | 0.10 | 1.69 | -0.35 | 0.09 | 0.75 | 0.35 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | -- |
| Gross profit | -- | -- | -- | -- | -- | -- |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -- | -- | -- | -- | -- | -- |
| Pretax profit | -- | -- | -- | -- | -- | -- |
| Tax | -- | -- | -- | -- | -- | -- |
| Net profit | -- | -- | -- | -- | -- | -- |
| Basic EPS | -- | -- | -- | -- | -- | -- |
| Diluted EPS | -- | -- | -- | -- | -- | -- |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 127.59M | 148.66M | 646.02M | 1.16B | 655.10M | 833.96M | 784.11M | 1.97B |
| Cash & ST investments | 62.60M | 67.72M | 348.05M | 546.03M | 237.64M | 284.66M | 245.47M | 570.04M |
| Inventory | 42.95M | 46.26M | 208.29M | 201.62M | 265.11M | 412.01M | 417.54M | 369.76M |
| Total assets | 741.87M | 839.35M | 2.67B | 3.97B | 3.86B | 4.35B | 6.71B | 10.54B |
| Total current liabilities | 110.17M | 131.92M | 222.66M | 402.57M | 271.72M | 479.60M | 689.09M | 1.26B |
| Short-term debt | 54.70M | 61.57M | 13.33M | 26.67M | -- | 138.60M | 135.59M | 181.33M |
| Long-term debt | 161.56M | 202.48M | 531.91M | 514.02M | 828.02M | 786.38M | 1.21B | 1.37B |
| Total liabilities | 332,575,000.00 | 436,291,000.00 | 1,224,877,000.00 | 1,382,016,000.00 | 1,504,617,000.00 | 1,907,916,000.00 | 3,316,043,000.00 | 4,740,088,000.00 |
| Total equity | 409.30M | 403.06M | 1.45B | 2.59B | 2.35B | 2.44B | 3.40B | 5.80B |
| Retained earnings | -111.72M | -130.59M | -108.30M | 446.59M | 326.26M | 348.55M | 613.66M | 820.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 592.78M | -- | 1.29B | 1.97B | 988.31M | 1.03B |
| Cash & ST investments | 178.26M | 406.70M | 403.22M | 570.04M | 499.62M | 481.58M |
| Inventory | 244.05M | -- | 541.00M | 369.76M | 392.05M | 435.68M |
| Total assets | 6.67B | -- | 10.31B | 10.54B | 9.66B | 9.79B |
| Total current liabilities | 693.90M | -- | 1.20B | 1.26B | 797.82M | 774.38M |
| Short-term debt | 136.88M | -- | 144.25M | 181.33M | 29.08M | 29.05M |
| Long-term debt | 1.26B | -- | 1.48B | 1.37B | 585.65M | 553.95M |
| Total liabilities | 3,346,914,000.00 | -- | 4,732,582,000.00 | 4,740,088,000.00 | 3,530,835,000.00 | 3,426,327,000.00 |
| Total equity | 3.32B | -- | 5.58B | 5.80B | 6.13B | 6.37B |
| Retained earnings | 523.05M | -- | 632.47M | 820.00M | 1.13B | 1.34B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -23.01M | 59.72M | 255.78M | 320.78M | 56.47M | 358.46M | 372.18M | 818.35M |
| Depreciation & amortization | 4.77M | 39.13M | 152.19M | 198.13M | 188.84M | 216.12M | 222.62M | 517.52M |
| Free cash flow | -125.98M | -37.86M | 81.03M | -23.45M | -500.60M | -164.84M | -39.89M | 126.00M |
| Dividends paid | -- | -- | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock buybacks / issuance | 87.04M | 0 | 42.79M | 59.50M | 7.22M | 40.77M | 335.56M | 0 |
| Ending cash balance | 60.82M | 67.72M | 344.93M | 310.07M | 200.77M | 192.00M | 239.33M | 430.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 54.49M | 132.89M | 240.82M | 390.15M | 236.84M | 203.45M |
| Depreciation & amortization | 97.56M | 95.63M | 172.47M | 151.85M | 116.10M | 130.28M |
| Free cash flow | -39.32M | 36.90M | 5.35M | 123.07M | 52.00M | -1.34M |
| Dividends paid | 0 | 0 | 0 | 0 | -11.84M | -11.84M |
| Stock buybacks / issuance | 0 | 0 | 0 | 0 | -4.71M | 0 |
| Ending cash balance | 172.89M | 406.67M | 359.70M | 430.00M | 362.97M | 317.78M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -12.98 | -4.51 | 2.24 | 27.52 | -4.29 | 1.20 | 11.62 | 4.82 |
| ROA %i | -8.04 | -2.31 | 1.18 | 16.72 | -2.71 | 0.70 | 6.13 | 2.57 |
| ROIC %i | -9.38 | -1.07 | 3.64 | 22.63 | -2.54 | 1.93 | 9.86 | 5.66 |
| 5-year avg ROE %i | -40.86 | -32.26 | -6.98 | -0.06 | 0.72 | 4.45 | 7.69 | 8.17 |
| EBIT margin %i | -48.69 | 1.54 | 9.65 | 53.27 | -6.10 | 6.89 | 47.91 | 17.10 |
| FCF / sales %i | -- | -- | 5.18 | -- | -- | -- | -- | 6.93 |
| Current ratioi | 1.16 | 1.13 | 2.90 | 2.89 | 2.41 | 1.74 | 1.14 | 1.56 |
| Quick ratioi | 0.74 | 0.72 | 1.81 | 1.48 | 1.15 | 0.77 | 0.46 | 0.50 |
| Debt / assetsi | 29.15 | 31.56 | 20.77 | 14.31 | 21.84 | 21.73 | 20.98 | 15.46 |
| LT debt / equityi | 40.92 | 50.45 | 37.41 | 20.92 | 35.81 | 33.03 | 37.46 | 24.97 |
| Interest coveragei | -2.19 | 0.25 | 2.04 | 13.88 | -1.44 | 1.25 | 7.61 | 1.73 |
| Revenue CAGR (3Y) %i | -- | 582.26 | -- | 229.84 | 50.08 | 8.78 | -5.52 | 24.04 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | 9.03 | -15.12 | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 10.70 | -- | 1.41 | 4.82 | 12.85 | 12.78 |
| ROA %i | 5.59 | -- | 0.73 | 2.57 | 7.44 | 8.31 |
| ROIC %i | 9.79 | -- | 3.18 | 5.66 | 12.18 | 12.74 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 42.78 | 46.51 | 15.58 | 17.10 | 28.16 | 32.83 |
| FCF / sales %i | 0.45 | 8.71 | 6.81 | 6.93 | 9.01 | 6.18 |
| Current ratioi | 0.85 | -- | 1.07 | 1.56 | 1.24 | 1.33 |
| Quick ratioi | 0.44 | -- | 0.45 | 0.50 | 0.70 | 0.72 |
| Debt / assetsi | 20.88 | -- | 15.78 | 15.46 | 6.37 | 5.95 |
| LT debt / equityi | 37.80 | -- | 26.59 | 24.97 | 9.56 | 8.70 |
| Interest coveragei | 5.75 | -- | 1.96 | 1.73 | 4.13 | 7.16 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Nicaragua is the largest reported line at 35.88% of revenue, across 6 reported segments.
- No single line clears half of revenue; Greenstone is next at 34.70%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Nicaragua35.88%
Greenstone34.70%
Valentine18.10%
Mesquite10.45%
Castle Mountain0.87%
Quote time 2026-10-08 06:09:31 · For reference only, not investment advice and not tailored to your situation.