Equinox Gold (EQX) Net Margin (2019 - 2025)
Equinox Gold (EQX) recorded quarterly Net Margin of 0.95% in Q4 2025, down 92.03% quarter-over-quarter from 11.95% in Q3 2025, and down 2917.0% on a YoY basis from 0.03% in Q4 2024.
Equinox Gold (EQX) Net Margin (2019 - 2025) Analysis & Trends
Equinox Gold's Net Margin history runs 7 years deep, the most recent figure standing at 0.95% for Q4 2025.
- In Q4 2025, Net Margin fell 2917.0% year-over-year to 0.95%; the TTM figure through Dec 2025 stood at 118.82% (up 10095.0% YoY), while the FY2025 annual figure was 4.55%, down 605.0% from the prior year.
- Net Margin was 0.95% for Q4 2025 at Equinox Gold, down from 11.95% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 30.12% in Q4 2024 to a low of 12.57% in Q4 2022.
- Historically, Net Margin has averaged 2.39% across 5 years, with a median of 0.48% in 2025.
- The sharpest annual moves came in 2024 and 2025: Net Margin surged 2903 bps in 2024, then sank 2917 bps in 2025.
- A 5-year view of Net Margin shows it stood at 1.1% in 2021, then tumbled by 1041 bps to 12.57% in 2022, then surged by 109 bps to 1.1% in 2023, then surged by 2646 bps to 30.12% in 2024, then slumped by 97 bps to 0.95% in 2025.
- The last three Net Margin figures came in at 0.95% (Q4 2025), 11.95% (Q3 2025), and 18.3% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | 30.70% |
| 3 | Wheaton Precious Metals | 429.35 Bn | 428.20 Bn | 699.37 Mn | 76.67% |
| 4 | Alamos Gold | 144.86 Bn | 144.19 Bn | 442.20 Mn | 52.82% |
| 5 | Gold Fields | 136.49 Bn | 134.71 Bn | - | - |
| 6 | Kinross Gold | 110.14 Bn | 107.96 Bn | 1.44 Bn | 35.01% |
| 7 | Newmont | 106.92 Bn | 98.31 Bn | 7.29 Bn | 41.15% |
| 8 | Equinox Gold | 51.34 Bn | 50.84 Bn | - | - |
| 9 | AngloGold Ashanti | 47.89 Bn | 44.92 Bn | 1.94 Bn | 39.59% |
| 10 | Aura Minerals | 47.46 Bn | 47.17 Bn | 19.58 Mn | 47.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.95% |
| Sep 30, 2025 | 11.95% |
| Jun 30, 2025 | 18.30% |
| Mar 31, 2025 | 1.13% |
| Dec 31, 2024 | 30.12% |
| Sep 30, 2024 | 18.25% |
| Jun 30, 2024 | 3.86% |
| Mar 31, 2024 | -0.97% |
| Dec 31, 2023 | 1.10% |
| Sep 30, 2023 | -4.92% |
| Jun 30, 2023 | 1.36% |
| Mar 31, 2023 | -0.77% |
| Dec 31, 2022 | -12.57% |
| Sep 30, 2022 | -10.57% |
| Jun 30, 2022 | -8.78% |
| Mar 31, 2022 | -4.39% |
| Sep 30, 2021 | -1.10% |
| Jun 30, 2021 | 0.00% |
| Dec 31, 2020 | 13.42% |
| Sep 30, 2020 | 6.44% |