B2Gold (BTG) Gross Margin (2012 - 2026)
B2Gold (BTG) posted quarterly Gross Margin of 52.63% for Q1 2026, up 795.0% year-over-year from 5.88% in Q1 2025, and up 0.62% quarter-over-quarter from 52.3% in Q4 2025.
B2Gold (BTG) Gross Margin (2012 - 2026) Analysis & Trends
B2Gold's Gross Margin history runs 15 years deep, the most recent figure standing at 52.63% for Q1 2026.
- In Q1 2026, Gross Margin rose 795.0% year-over-year to 52.63%; the TTM figure through Mar 2026 stood at 51.6% (up 1309.0% YoY), while the FY2025 annual figure was 50.01%, up 1288.0% from the prior year.
- Gross Margin for Q1 2026 stood at 52.63%, up from 52.3% in the prior quarter.
- The five-year high for Gross Margin was 30866.92% in Q2 2022, with the low at 21.91% in Q3 2022.
- The 5-year median for Gross Margin is 43.28% (2024), against an average of 1854.75%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 3083160 bps in 2022, then slumped 3082650 bps in 2023.
- B2Gold's Gross Margin stood at 44.0% in 2022, then decreased by 9 bps to 40.15% in 2023, then retreated by 13 bps to 34.81% in 2024, then jumped by 50 bps to 52.3% in 2025, then rose by 1 bps to 52.63% in 2026.
- Business Quant data shows BTG's Gross Margin at 52.63% in Q1 2026, 52.3% in Q4 2025, and 49.86% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 65.87% |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 63.79% |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 54.74% |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 74.03% |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 54.86% |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | 40.66% |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 49.36% |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 86.66% |
| 10 | B2Gold | 7.18 Bn | 7.18 Bn | 308.29 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.63% |
| Dec 31, 2025 | 52.30% |
| Sep 30, 2025 | 49.86% |
| Jun 30, 2025 | 50.77% |
| Mar 31, 2025 | 44.68% |
| Dec 31, 2024 | 34.81% |
| Sep 30, 2024 | 30.08% |
| Jun 30, 2024 | 43.28% |
| Mar 31, 2024 | 39.92% |
| Dec 31, 2023 | 40.15% |
| Sep 30, 2023 | 35.68% |
| Jun 30, 2023 | 40.42% |
| Mar 31, 2023 | 45.11% |
| Dec 31, 2022 | 44.00% |
| Sep 30, 2022 | 21.91% |
| Jun 30, 2022 | 30,866.92% |
| Mar 31, 2022 | 38.20% |
| Dec 31, 2021 | 10.66% |
| Sep 30, 2021 | 46.03% |
| Jun 30, 2021 | 35.32% |