Equinox Gold (EQX) Return on Invested Capital [ROIC] (2019 - 2026)
Equinox Gold (EQX) posted Return on Invested Capital [ROIC] of 8.56% for the quarter ended Jun 30, 2026, up 5.63 percentage points from 2.93% a year earlier and up 0.21 percentage points from the prior quarter.
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Analysis
Equinox Gold (EQX) Return on Invested Capital [ROIC] (2019 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Equinox Gold's Return on Invested Capital [ROIC] came in at -2.29%, down 7.45 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] shows a five-year change of -16.31 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Equinox Gold's Return on Invested Capital [ROIC] was 5.16% in the year ended Dec 31, 2024 (+5.01 pp), 0.15% in the year ended Dec 31, 2023 (-2.34 pp), 2.49% in the year ended Dec 31, 2022 (-6.19 pp) and 8.67% in the year ended Dec 31, 2021 (-5.35 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Return on Invested Capital [ROIC] since the quarter ended Mar 31, 2021.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in six of the last eight quarters, with an average year-over-year change of +2.01 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was the quarter ended Jun 30, 2026, with a gain of 5.63 percentage points; the weakest was the quarter ended Dec 31, 2021, with a drop of 5.05 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 8.35% (quarter ended Mar 31, 2026), 4.12% (quarter ended Dec 31, 2025) and 2.95% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 164.02 Bn | 133.06 Bn | - | - |
| 2 | Southern Copper | 154.30 Bn | 133.16 Bn | 2.90 Bn | - |
| 3 | Rio Tinto | 135.37 Bn | 95.87 Bn | - | - |
| 4 | Newmont | 113.13 Bn | 78.45 Bn | 4.22 Bn | 8.59% |
| 5 | Freeport-Mcmoran | 93.66 Bn | 89.81 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 86.95 Bn | 76.58 Bn | 2.43 Bn | 23.34% |
| 7 | Barrick Mining | 63.88 Bn | 48.62 Bn | 2.90 Bn | 24.82% |
| 8 | Nucor | 58.56 Bn | 49.10 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 45.28 Bn | 26.31 Bn | - | 3.49% |
| 10 | Equinox Gold | 7.93 Bn | 5.89 Bn | - | 9.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.90% |
| Mar 31, 2026 | 4.89% |
| Dec 31, 2025 | 2.63% |
| Sep 30, 2025 | 0.00% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | 2.64% |
| Dec 31, 2024 | 3.30% |
| Sep 30, 2024 | 3.77% |
| Jun 30, 2024 | 2.48% |
| Mar 31, 2024 | 2.93% |
| Dec 31, 2023 | 2.53% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 0.52% |
| Mar 31, 2023 | -0.03% |
| Dec 31, 2022 | 0.31% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 3.66% |
| Mar 31, 2022 | 3.68% |
| Dec 31, 2021 | 4.56% |
| Sep 30, 2021 | 3.91% |
API Access
Equinox Gold Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=EQX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "EQX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=EQX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();