Equinox Gold (EQX) EBITDA Margin (2019 - 2025)
Equinox Gold (EQX) recorded quarterly EBITDA Margin of 1.15% in Q4 2025, down 93.91% quarter-over-quarter from 18.95% in Q3 2025, and down 8366.0% on a YoY basis from 0.01% in Q4 2024.
Equinox Gold (EQX) EBITDA Margin (2019 - 2025) Analysis & Trends
Equinox Gold's EBITDA Margin history runs 7 years deep, the most recent figure standing at 1.15% for Q4 2025.
- In Q4 2025, EBITDA Margin fell 8366.0% year-over-year to 1.15%; the TTM figure through Dec 2025 stood at 132.6% (up 7794.0% YoY), while the FY2025 annual figure was 11.54%, down 3865.0% from the prior year.
- EBITDA Margin was 1.15% for Q4 2025 at Equinox Gold, down from 18.95% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 84.81% in Q4 2024 to a low of 4.06% in Q1 2024.
- Historically, EBITDA Margin has averaged 16.9% across 5 years, with a median of 5.18% in 2023.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin surged 6624 bps in 2024, then slumped 8366 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 32.3% in 2021, then slumped by 84 bps to 5.13% in 2022, then soared by 749 bps to 43.57% in 2023, then surged by 95 bps to 84.81% in 2024, then sank by 99 bps to 1.15% in 2025.
- The last three EBITDA Margin figures came in at 1.15% (Q4 2025), 18.95% (Q3 2025), and 13.44% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | - |
| 2 | Barrick Mining | 1,048.41 Bn | 1,051.14 Bn | 3.12 Bn | 58.20% |
| 3 | Wheaton Precious Metals | 429.35 Bn | 428.20 Bn | 699.37 Mn | 83.38% |
| 4 | Alamos Gold | 144.86 Bn | 144.19 Bn | 442.20 Mn | 30.12% |
| 5 | Gold Fields | 136.49 Bn | 134.71 Bn | - | - |
| 6 | Kinross Gold | 110.14 Bn | 107.96 Bn | 1.44 Bn | 55.58% |
| 7 | Newmont | 106.92 Bn | 98.31 Bn | 7.29 Bn | 60.86% |
| 8 | Equinox Gold | 51.34 Bn | 50.84 Bn | - | - |
| 9 | AngloGold Ashanti | 47.89 Bn | 44.92 Bn | 1.94 Bn | 70.80% |
| 10 | Aura Minerals | 47.46 Bn | 47.17 Bn | 19.58 Mn | 67.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.15% |
| Sep 30, 2025 | 18.95% |
| Jun 30, 2025 | 13.44% |
| Mar 31, 2025 | -3.46% |
| Dec 31, 2024 | 84.81% |
| Sep 30, 2024 | 69.26% |
| Jun 30, 2024 | 5.16% |
| Mar 31, 2024 | -4.06% |
| Dec 31, 2023 | 43.57% |
| Sep 30, 2023 | 3.02% |
| Jun 30, 2023 | 5.19% |
| Mar 31, 2023 | 0.68% |
| Dec 31, 2022 | 5.13% |
| Sep 30, 2022 | 13.68% |
| Jun 30, 2022 | 10.73% |
| Mar 31, 2022 | 4.63% |
| Sep 30, 2021 | 32.30% |
| Jun 30, 2021 | 0.00% |
| Dec 31, 2020 | 44.02% |
| Sep 30, 2020 | 26.42% |