B2Gold (BTG) EV to FCF (2014 - 2026)
B2Gold's EV to FCF came in at 5.18 for the quarter ended Jun 30, 2026, down 38.0% from 8.35 a year earlier but up 15.2% from the prior quarter.
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Analysis
B2Gold (BTG) EV to FCF (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, B2Gold reported EV to FCF of 3.79, down 39.9% year-over-year; for the year ended Dec 31, 2025, it was 13.33, up 65.0% from the prior year.
- Going back by year, EV to FCF was 8.08 in the year ended Dec 31, 2024 (-14.1%), 9.41 in the year ended Dec 31, 2023 (+36.8%), 6.88 in the year ended Dec 31, 2022 (-19.3%) and 8.52 in the year ended Dec 31, 2021 (-7.5%).
- The five-year range for quarterly EV to FCF is 2.40 (the quarter ended Mar 31, 2024) to 10.06 (the quarter ended Mar 31, 2025).
- Year-over-year, EV to FCF increased in five of the last eight quarters, with growth averaging 73.8%.
- The fastest year-over-year change in EV to FCF over five years came in the quarter ended Mar 31, 2025 (growth of 318.5%), and the weakest in the quarter ended Mar 31, 2026 (a decline of 55.2%).
- Business Quant data shows BTG's EV to FCF at 4.50 (quarter ended Mar 31, 2026), 6.35 (quarter ended Dec 31, 2025) and 8.55 (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - |
| 10 | B2Gold | 6.98 Bn | 7.02 Bn | 308.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.18 |
| Mar 31, 2026 | 4.50 |
| Dec 31, 2025 | 6.35 |
| Sep 30, 2025 | 8.55 |
| Jun 30, 2025 | 8.35 |
| Mar 31, 2025 | 10.06 |
| Dec 31, 2024 | 3.33 |
| Sep 30, 2024 | 3.88 |
| Jun 30, 2024 | 2.88 |
| Mar 31, 2024 | 2.40 |
| Dec 31, 2023 | 5.47 |
| Sep 30, 2023 | 3.73 |
| Jun 30, 2023 | 4.52 |
| Mar 31, 2023 | 5.31 |
| Dec 31, 2022 | 7.29 |
| Sep 30, 2022 | 5.87 |
| Jun 30, 2022 | 7.71 |
| Dec 31, 2021 | 9.36 |
| Sep 30, 2021 | 4.83 |
| Jun 30, 2021 | 7.27 |
API Access
B2Gold EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "BTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();