B2Gold (BTG) EV to FCF (2014 - 2026)
B2Gold's EV to FCF came in at 6.83 for Q3 2026, down 19.7% from 8.50 a year earlier but up 32.3% from the prior quarter.
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Analysis
B2Gold (BTG) EV to FCF (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, B2Gold reported EV to FCF of 5.66, down 20.9% year-over-year; for FY2025, it was 13.46, up 302.9% from FY2024.
- Going back by year, EV to FCF was 3.34 in FY2024 (-40.7%), 5.63 in FY2023 (+2.0%), 5.52 in FY2022 (+11.7%) and 4.94 in FY2021 (-31.0%).
- The five-year range for quarterly EV to FCF is 2.40 (Q1 2024) to 10.06 (Q1 2025).
- Year-over-year, EV to FCF has declined for three consecutive quarters, with growth averaging 70.8% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in Q1 2025 (growth of 318.5%), and the weakest in Q1 2026 (a decline of 55.4%).
- Business Quant data shows BTG's EV to FCF at 5.16 (Q2 2026), 4.49 (Q1 2026) and 6.38 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn |
| 10 | B2Gold | 7.09 Bn | 5.69 Bn | 365.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 402.05 |
| Jun 30, 2026 | 212.29 |
| Mar 31, 2026 | 15.82 |
| Sep 30, 2025 | 6.27 |
| Jun 30, 2025 | 8.35 |
| Mar 31, 2025 | 10.06 |
| Dec 31, 2024 | 3.34 |
| 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 | 5.52 |
| Sep 30, 2022 | 4.97 |
| Jun 30, 2022 | 3.76 |
| Mar 31, 2022 | 6.28 |
| Dec 31, 2021 | 4.94 |
| Sep 30, 2021 | 4.79 |
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();