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% on a QoQ basis from $1.2 billion in Q3 2025.

Equinox Gold (EQX) Invested Capital (2018 - 2025) Analysis & Trends

Equinox Gold (EQX) has reported Invested Capital for 7 consecutive years, with $1.1 billion the latest figure, recorded in 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 (up 3.11% YoY), while the FY2025 annual figure was $1.1 billion, up 13.03% from the prior year.
  • Invested Capital came in at $1.1 billion for Q4 2025 at Equinox Gold, down from $1.2 billion in the prior quarter.
  • The five-year high for Invested Capital was $1.5 billion in Q2 2024, with the low at -$31.7 billion in Q4 2021.
  • Average Invested Capital over 5 years is -$1.8 billion, with a median of $734.1 million recorded in 2022.
  • Across the five-year window, Invested Capital slumped 311047.6% in 2021 and soared 979.45% in 2024, its largest moves.
  • Year by year, Invested Capital stood at -$31.7 billion in 2021, then soared by 102.61% to $828.0 million in 2022, then sank by 83.37% to $137.7 million in 2023, then soared by 600.77% to $964.8 million in 2024, then grew by 15.55% to $1.1 billion in 2025.
  • According to Business Quant data, Invested Capital over the past three periods registered $1.1 billion, $1.2 billion, and $220.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 36.77 Bn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 540,000.00
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 40.18 Bn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 9.26 Bn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 8.11 Bn
8 Gold Fields 30.19 Bn 28.41 Bn - 11.17 Bn
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 9.10 Bn
10 Equinox Gold 7.68 Bn 8.27 Bn 319.98 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 1.11 Bn
Sep 30, 2025 1.18 Bn
Jun 30, 2025 220.31 Mn
Dec 31, 2024 964.82 Mn
Sep 30, 2024 1.48 Bn
Mar 31, 2024 929.10 Mn
Sep 30, 2023 137.68 Mn
Jun 30, 2023 136.77 Mn
Dec 31, 2022 828.02 Mn
Sep 30, 2022 734.09 Mn
Jun 30, 2022 26.67 Mn
Mar 31, 2022 26.67 Mn
Dec 31, 2021 -31.72 Bn
Dec 31, 2020 10.20 Mn
Sep 30, 2020 25.23 Mn
Jun 30, 2020 116.29 Mn
Dec 31, 2018 609.34 Mn