Equinox Gold EQX
NYSE EQX
$12.84 +0.20 (+1.58%)
As of: Sep 9, 2026 · 3:59 PM EDT

Equinox Gold (EQX) Operating Margin (2018 - 2026)

Equinox Gold (EQX) posted Operating Margin of 16.02% for Q2 2026, down 74.07% on a QoQ basis from 61.76% in Q1 2026, and up 115.0% year-over-year from 7.45% in Q2 2025.

Analysis

Equinox Gold (EQX) Operating Margin (2018 - 2026) Analysis & Trends

Equinox Gold has reported Operating Margin for 9 years, with the latest figure at 16.02% in Q2 2026.

  • On a quarterly basis, Operating Margin rose 115.0% year-over-year to 16.02% in Q2 2026; TTM through Jun 2026 was 29.07%, a 183.0% increase from a year earlier, with the FY2025 full-year figure at 40.87%, up 2425.0% from the prior year.
  • Operating Margin was 16.02% for Q2 2026 at Equinox Gold, down from 61.76% in the prior quarter.
  • The five-year high for Operating Margin was 66.21% in Q4 2024, with the low at 24.1% in Q1 2025.
  • Average Operating Margin over 5 years is 12.96%, with a median of 5.53% recorded in 2022.
  • The sharpest annual moves came in 2025 and 2026: Operating Margin sank 2616 bps in 2025, then jumped 8586 bps in 2026.
  • Over 5 years, Operating Margin stood at 5.13% in 2022, then surged by 66 bps to 8.5% in 2023, then jumped by 679 bps to 66.21% in 2024, then slumped by 40 bps to 40.05% in 2025, then slumped by 60 bps to 16.02% in 2026.
  • The last three Operating Margin figures came in at 16.02% (Q2 2026), 61.76% (Q1 2026), and 40.05% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Newmont 134.87 Bn 126.03 Bn 4.03 Bn 16.48%
2 Barrick Mining 74.96 Bn 78.57 Bn 2.90 Bn 51.63%
3 AngloGold Ashanti 55.10 Bn 53.93 Bn 1.70 Bn 56.06%
4 Alamos Gold 15.53 Bn 14.85 Bn 587.30 Mn 60.14%
5 Iamgold 12.11 Bn 11.65 Bn 415.10 Mn 44.17%
6 Buenaventura Mining 8.61 Bn 7.86 Bn - 47.67%
7 Eldorado Gold 8.54 Bn 7.99 Bn 302.67 Mn 43.95%
8 Equinox Gold 8.07 Bn 8.23 Bn 428.20 Mn 16.02%
9 B2Gold 7.49 Bn 7.53 Bn 308.29 Mn -
10 Centerra Gold 6.42 Bn 5.96 Bn 433.81 Mn 27.22%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 16.02%
Mar 31, 2026 61.76%
Dec 31, 2025 40.05%
Sep 30, 2025 17.08%
Jun 30, 2025 14.87%
Mar 31, 2025 -24.10%
Dec 31, 2024 66.21%
Sep 30, 2024 19.65%
Jun 30, 2024 2.19%
Mar 31, 2024 -2.18%
Dec 31, 2023 8.50%
Sep 30, 2023 3.03%
Jun 30, 2023 5.18%
Mar 31, 2023 0.70%
Dec 31, 2022 5.13%
Sep 30, 2022 -5.14%
Jun 30, 2022 -1.49%
Mar 31, 2022 5.87%
Dec 31, 2021 20.72%
Sep 30, 2021 8.81%