Equinox Gold (EQX) Invested Capital (2018 - 2025)
Equinox Gold (EQX) posted quarterly Invested Capital of $1.1 billion for Q4 2025, up 15.55% year-over-year from $964.8 million in Q4 2024, and down 5.68% quarter-over-quarter from $1.2 billion in Q3 2025.
Equinox Gold (EQX) Invested Capital (2018 - 2025) Analysis & Trends
Equinox Gold's Invested Capital history runs 6 years deep, the most recent figure standing at $1.1 billion for Q4 2025.
- In Q4 2025, Invested Capital rose 15.55% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $2.5 billion (down 36.73% YoY), while the FY2025 annual figure was $1.1 billion, up 13.03% from the prior year.
- Invested Capital for Q4 2025 stood at $1.1 billion, down from $1.2 billion in the prior quarter.
- The five-year high for Invested Capital was $1.5 billion in Q3 2024, with the low at $26.7 million in Q1 2022.
- The 4-year median for Invested Capital is $725.8 million (2022), against an average of $655.1 million.
- The sharpest annual moves came in 2023 and 2024: Invested Capital slumped 81.03% in 2023, then jumped 976.77% in 2024.
- Equinox Gold's Invested Capital stood at $828.0 million in 2022, then tumbled by 83.37% to $137.7 million in 2023, then surged by 600.77% to $964.8 million in 2024, then rose by 15.55% to $1.1 billion in 2025.
- Business Quant data shows EQX's Invested Capital at $1.1 billion in Q4 2025, $1.2 billion in Q3 2025, and $220.3 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.45 Bn | 131.44 Bn | 4.03 Bn | - |
| 2 | Agnico Eagle Mines | 108.80 Bn | 105.34 Bn | 2.43 Bn | - |
| 3 | Barrick Mining | 79.45 Bn | 73.52 Bn | 2.90 Bn | 15.00 Mn |
| 4 | Wheaton Precious Metals | 71.58 Bn | 71.48 Bn | 687.86 Mn | 1.97 Bn |
| 5 | AngloGold Ashanti | 61.94 Bn | 59.11 Bn | 1.70 Bn | 1.57 Bn |
| 6 | Gold Fields | 42.71 Bn | 40.93 Bn | - | 2.74 Bn |
| 7 | Pan American Silver | 22.35 Bn | 20.78 Bn | 457,000.00 | - |
| 8 | Royal Gold | 21.96 Bn | 21.77 Bn | 390.45 Mn | - |
| 9 | Coeur Mining | 21.68 Bn | 20.62 Bn | 535.85 Mn | 2.39 Mn |
| 10 | Equinox Gold | 10.70 Bn | -317,789.46 Bn | 301.70 | 553.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.11 Bn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 220.31 Mn |
| Mar 31, 2025 | 1.39 Bn |
| Dec 31, 2024 | 964.82 Mn |
| Sep 30, 2024 | 1.48 Bn |
| Jun 30, 2024 | 138.01 Mn |
| Mar 31, 2024 | 275.63 Mn |
| Sep 30, 2023 | 137.68 Mn |
| Dec 31, 2022 | 828.02 Mn |
| Sep 30, 2022 | 725.80 Mn |
| Jun 30, 2022 | 26.67 Mn |
| Mar 31, 2022 | 26.67 Mn |
| Dec 31, 2020 | 10.20 Mn |
| Sep 30, 2020 | 6.67 Mn |
| Dec 31, 2018 | 214.56 Mn |