Equinox Gold (EQX) FCF Margin (2019 - 2025)
Equinox Gold (EQX) posted quarterly FCF Margin of 40.53% for Q4 2025, down 1179.0% year-over-year from 3.76% in Q4 2024, and down 173.08% on a QoQ basis from 55.46% in Q3 2025.
Equinox Gold (EQX) FCF Margin (2019 - 2025) Analysis & Trends
Equinox Gold (EQX) has reported FCF Margin for 6 consecutive years, with 40.53% the latest figure, recorded in Q4 2025.
- In Q4 2025, FCF Margin fell 1179.0% year-over-year to 40.53%; the TTM figure through Mar 2026 stood at 6.6% (up 520.0% YoY), while the FY2025 annual figure was 41.49%, up 1588.0% from the prior year.
- FCF Margin came in at 40.53% for Q4 2025 at Equinox Gold, down from 55.46% in the prior quarter.
- The five-year high for FCF Margin was 69.5% in Q3 2023, with the low at 375.88% in Q4 2022.
- Average FCF Margin over 4 years is 3.23%, with a median of 55.14% recorded in 2023.
- Across the five-year window, FCF Margin surged 769 bps in 2023 and sank 2485 bps in 2025, its largest moves.
- Year by year, FCF Margin stood at 375.88% in 2022, then surged by 118 bps to 69.5% in 2023, then slumped by 141 bps to 28.74% in 2024, then plunged by 41 bps to 40.53% in 2025.
- According to Business Quant data, FCF Margin over the past three periods registered 40.53%, 55.46%, and 20.05% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 67.71% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 59.38% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 43.03% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 69.88% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 84.95% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 123.16% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 80.01% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 51.93% |
| 10 | Equinox Gold | 7.68 Bn | 8.27 Bn | 319.98 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -40.53% |
| Sep 30, 2025 | 55.46% |
| Jun 30, 2025 | 20.05% |
| Dec 31, 2024 | -28.74% |
| Sep 30, 2024 | 39.63% |
| Mar 31, 2024 | 58.51% |
| Sep 30, 2023 | 69.50% |
| Jun 30, 2023 | 54.83% |
| Dec 31, 2022 | -375.88% |
| Sep 30, 2022 | 61.80% |
| Jun 30, 2022 | 63.31% |
| Mar 31, 2022 | 55.51% |
| Sep 30, 2020 | 25.98% |
| Jun 30, 2020 | -0.10% |
| Mar 31, 2019 | 94.24% |