B2Gold (BTG) EV to FCF (2014 - 2026)
B2Gold (BTG) posted EV to FCF of 10.45 for Q1 2026, down 47.64% on a QoQ basis from 19.95 in Q4 2025, and down 46.26% year-over-year from 19.44 in Q1 2025.
Analysis
B2Gold (BTG) EV to FCF (2014 - 2026) Analysis & Trends
B2Gold has reported EV to FCF for 13 years, with the latest figure at 10.45 in Q1 2026.
- On a quarterly basis, EV to FCF fell 46.26% year-over-year to 10.45 in Q1 2026; TTM through Mar 2026 was 4.47, a 38.05% increase from a year earlier, with the FY2025 full-year figure at 13.46, up 66.34% from the prior year.
- EV to FCF was 10.45 for Q1 2026 at B2Gold, down from 19.95 in the prior quarter.
- The five-year high for EV to FCF was 50.27 in Q2 2024, with the low at 4.13 in Q1 2024.
- Average EV to FCF over 5 years is 21.1, with a median of 19.23 recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: EV to FCF sank 77.04% in 2024, then surged 370.8% in 2025.
- Over 5 years, EV to FCF stood at 12.11 in 2022, then soared by 57.09% to 19.02 in 2023, then rose by 27.84% to 24.32 in 2024, then retreated by 17.96% to 19.95 in 2025, then tumbled by 47.64% to 10.45 in 2026.
- The last three EV to FCF figures came in at 10.45 (Q1 2026), 19.95 (Q4 2025), and 17.63 (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Newmont | 134.87 Bn | 126.03 Bn | 4.03 Bn |
| 2 | Barrick Mining | 76.06 Bn | 70.13 Bn | 2.90 Bn |
| 3 | AngloGold Ashanti | 55.29 Bn | 52.34 Bn | 1.70 Bn |
| 4 | Alamos Gold | 15.55 Bn | 14.87 Bn | 587.30 Mn |
| 5 | Iamgold | 11.83 Bn | 11.33 Bn | 415.10 Mn |
| 6 | Eldorado Gold | 9.03 Bn | 8.47 Bn | 302.67 Mn |
| 7 | Buenaventura Mining | 8.95 Bn | 7.99 Bn | - |
| 8 | Equinox Gold | 8.08 Bn | 8.24 Bn | 428.20 Mn |
| 9 | B2Gold | 7.32 Bn | 7.32 Bn | 308.29 Mn |
| 10 | Centerra Gold | 6.52 Bn | 6.06 Bn | 433.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 10.45 |
| Dec 31, 2025 | 19.95 |
| Jun 30, 2025 | 17.63 |
| Mar 31, 2025 | 19.44 |
| Dec 31, 2024 | 24.32 |
| Jun 30, 2024 | 50.27 |
| Mar 31, 2024 | 4.13 |
| Dec 31, 2023 | 19.02 |
| Sep 30, 2023 | 26.37 |
| Jun 30, 2023 | 17.68 |
| Mar 31, 2023 | 17.98 |
| Dec 31, 2022 | 12.11 |
| Sep 30, 2022 | 31.42 |
| Jun 30, 2022 | 24.66 |
| Dec 31, 2021 | 13.41 |
| Sep 30, 2021 | 9.78 |
| Dec 31, 2020 | 27.94 |
| Sep 30, 2020 | 21.45 |
| Jun 30, 2020 | 22.34 |
| Mar 31, 2020 | 13.96 |