Equinox Gold (EQX) Operating Margin (2019 - 2026)
Equinox Gold (EQX) posted quarterly Operating Margin of 37.24% for Q1 2026, up 2449.0% year-over-year from 1.46% in Q1 2025, and down 33.31% quarter-over-quarter from 55.85% in Q4 2025.
Equinox Gold (EQX) Operating Margin (2019 - 2026) Analysis & Trends
Equinox Gold's Operating Margin history runs 8 years deep, the most recent figure standing at 37.24% for Q1 2026.
- In Q1 2026, Operating Margin rose 2449.0% year-over-year to 37.24%; the TTM figure through Mar 2026 stood at 33.43% (up 1730.0% YoY), while the FY2025 annual figure was 23.79%, up 717.0% from the prior year.
- Operating Margin for Q1 2026 stood at 37.24%, down from 55.85% in the prior quarter.
- The five-year high for Operating Margin was 55.85% in Q4 2025, with the low at 2.2% in Q1 2024.
- The 5-year median for Operating Margin is 8.5% (2023), against an average of 14.47%.
- The sharpest annual moves came in 2022 and 2025: Operating Margin plunged 799 bps in 2022, then soared 3295 bps in 2025.
- Equinox Gold's Operating Margin stood at 1.49% in 2022, then surged by 670 bps to 8.5% in 2023, then jumped by 170 bps to 22.9% in 2024, then surged by 144 bps to 55.85% in 2025, then slumped by 33 bps to 37.24% in 2026.
- Business Quant data shows EQX's Operating Margin at 37.24% in Q1 2026, 55.85% in Q4 2025, and 25.05% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 16.48% |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 60.65% |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 51.63% |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 71.79% |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 20.62% |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | 44.22% |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 19.94% |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 62.13% |
| 10 | Equinox Gold | 10.18 Bn | -317,789.98 Bn | 301.70 | -545,557.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.24% |
| Dec 31, 2025 | 55.85% |
| Sep 30, 2025 | 25.05% |
| Jun 30, 2025 | 19.87% |
| Mar 31, 2025 | 12.76% |
| Dec 31, 2024 | 22.90% |
| Sep 30, 2024 | 19.65% |
| Jun 30, 2024 | 4.16% |
| Mar 31, 2024 | -2.20% |
| Dec 31, 2023 | 8.50% |
| Sep 30, 2023 | 3.02% |
| Jun 30, 2023 | 5.19% |
| Mar 31, 2023 | 0.68% |
| Jun 30, 2022 | -1.49% |
| Mar 31, 2022 | 5.86% |
| Sep 30, 2021 | 8.81% |
| Jun 30, 2021 | 6.15% |
| Mar 31, 2021 | 13.84% |
| Dec 31, 2020 | 19.08% |
| Sep 30, 2020 | 26.42% |