EQUINOX GOLD CORP (EQX) Stock Fundamental Analysis

NYSEARCA:EQX • CA29446Y5020

15.8 USD
+0.74 (+4.91%)
At close: Feb 13, 2026
15.8499 USD
+0.05 (+0.32%)
After Hours: 2/13/2026, 8:05:28 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, EQX scores 4 out of 10 in our fundamental rating. EQX was compared to 157 industry peers in the Metals & Mining industry. EQX has a medium profitability rating, but doesn't score so well on its financial health evaluation. EQX is not overvalued while it is showing excellent growth. This is an interesting combination.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year EQX was profitable.
  • In the past year EQX had a positive cash flow from operations.
  • Of the past 5 years EQX 4 years were profitable.
  • Each year in the past 5 years EQX had a positive operating cash flow.
EQX Yearly Net Income VS EBIT VS OCF VS FCFEQX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M

1.2 Ratios

  • The Return On Assets of EQX (0.47%) is comparable to the rest of the industry.
  • The Return On Equity of EQX (0.88%) is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 3.08%, EQX perfoms like the industry average, outperforming 56.05% of the companies in the same industry.
  • EQX had an Average Return On Invested Capital over the past 3 years of 1.45%. This is significantly below the industry average of 10.56%.
  • The 3 year average ROIC (1.45%) for EQX is below the current ROIC(3.08%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.47%
ROE 0.88%
ROIC 3.08%
ROA(3y)0.99%
ROA(5y)3.56%
ROE(3y)2.22%
ROE(5y)5.93%
ROIC(3y)1.45%
ROIC(5y)2.87%
EQX Yearly ROA, ROE, ROICEQX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • The Profit Margin of EQX (2.45%) is better than 61.78% of its industry peers.
  • In the last couple of years the Profit Margin of EQX has declined.
  • EQX's Operating Margin of 18.29% is fine compared to the rest of the industry. EQX outperforms 70.06% of its industry peers.
  • EQX's Operating Margin has declined in the last couple of years.
  • The Gross Margin of EQX (40.73%) is better than 77.07% of its industry peers.
  • In the last couple of years the Gross Margin of EQX has declined.
Industry RankSector Rank
OM 18.29%
PM (TTM) 2.45%
GM 40.73%
OM growth 3Y1.42%
OM growth 5Y-4.29%
PM growth 3Y-24.11%
PM growth 5YN/A
GM growth 3Y-4.28%
GM growth 5Y-4.45%
EQX Yearly Profit, Operating, Gross MarginsEQX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • EQX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for EQX has been increased compared to 1 year ago.
  • Compared to 5 years ago, EQX has more shares outstanding
  • The debt/assets ratio for EQX is higher compared to a year ago.
EQX Yearly Shares OutstandingEQX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
EQX Yearly Total Debt VS Total AssetsEQX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 1.89 indicates that EQX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • EQX's Altman-Z score of 1.89 is on the low side compared to the rest of the industry. EQX is outperformed by 73.25% of its industry peers.
  • EQX has a debt to FCF ratio of 12.57. This is a negative value and a sign of low solvency as EQX would need 12.57 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 12.57, EQX perfoms like the industry average, outperforming 59.87% of the companies in the same industry.
  • EQX has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
  • EQX's Debt to Equity ratio of 0.34 is on the low side compared to the rest of the industry. EQX is outperformed by 66.24% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 12.57
Altman-Z 1.89
ROIC/WACC0.29
WACC10.56%
EQX Yearly LT Debt VS Equity VS FCFEQX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.94 indicates that EQX may have some problems paying its short term obligations.
  • With a Current ratio value of 0.94, EQX is not doing good in the industry: 85.99% of the companies in the same industry are doing better.
  • EQX has a Quick Ratio of 0.94. This is a bad value and indicates that EQX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.53, EQX is not doing good in the industry: 89.81% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.53
EQX Yearly Current Assets VS Current LiabilitesEQX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 680.00% over the past year.
  • Measured over the past years, EQX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.64% on average per year.
  • Looking at the last year, EQX shows a very strong growth in Revenue. The Revenue has grown by 39.14%.
  • EQX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 39.98% yearly.
EPS 1Y (TTM)680%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%111.11%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%

3.2 Future

  • EQX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.07% yearly.
  • The Revenue is expected to grow by 15.13% on average over the next years. This is quite good.
EPS Next Y158.34%
EPS Next 2Y112.14%
EPS Next 3Y84.23%
EPS Next 5Y48.07%
Revenue Next Year69.38%
Revenue Next 2Y47.88%
Revenue Next 3Y35.49%
Revenue Next 5Y15.13%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
EQX Yearly Revenue VS EstimatesEQX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B
EQX Yearly EPS VS EstimatesEQX Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 1 1.5

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 40.51, EQX can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of EQX indicates a somewhat cheap valuation: EQX is cheaper than 66.88% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of EQX to the average of the S&P500 Index (27.97), we can say EQX is valued slightly more expensively.
  • EQX is valuated correctly with a Price/Forward Earnings ratio of 16.72.
  • 68.79% of the companies in the same industry are more expensive than EQX, based on the Price/Forward Earnings ratio.
  • EQX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.96.
Industry RankSector Rank
PE 40.51
Fwd PE 16.72
EQX Price Earnings VS Forward Price EarningsEQX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, EQX is valued a bit cheaper than the industry average as 61.78% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, EQX is valued a bit cheaper than the industry average as 68.15% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 74.68
EV/EBITDA 19.97
EQX Per share dataEQX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • EQX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as EQX's earnings are expected to grow with 84.22% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y112.14%
EPS Next 3Y84.23%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for EQX!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

EQUINOX GOLD CORP

NYSEARCA:EQX (2/13/2026, 8:05:28 PM)

After market: 15.8499 +0.05 (+0.32%)

15.8

+0.74 (+4.91%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-05
Earnings (Next)02-18
Inst Owners60.9%
Inst Owner Change0.53%
Ins Owners3.82%
Ins Owner ChangeN/A
Market Cap12.41B
Revenue(TTM)1.51B
Net Income(TTM)46.63M
Analysts80
Price Target25.5 (61.39%)
Short Float %2.71%
Short Ratio2.16
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)261.18%
Min EPS beat(2)-155.58%
Max EPS beat(2)677.94%
EPS beat(4)1
Avg EPS beat(4)119.2%
Min EPS beat(4)-155.58%
Max EPS beat(4)677.94%
EPS beat(8)5
Avg EPS beat(8)146.29%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.39%
Min Revenue beat(2)-7.44%
Max Revenue beat(2)-3.34%
Revenue beat(4)1
Avg Revenue beat(4)-3.41%
Min Revenue beat(4)-7.44%
Max Revenue beat(4)0.27%
Revenue beat(8)1
Avg Revenue beat(8)-6.82%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)8.7%
PT rev (3m)31.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.47%
EPS NY rev (1m)7.79%
EPS NY rev (3m)45.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.61%
Valuation
Industry RankSector Rank
PE 40.51
Fwd PE 16.72
P/S 6.51
P/FCF 74.68
P/OCF 21.58
P/B 2.34
P/tB 2.34
EV/EBITDA 19.97
EPS(TTM)0.39
EY2.47%
EPS(NY)0.95
Fwd EY5.98%
FCF(TTM)0.21
FCFY1.34%
OCF(TTM)0.73
OCFY4.63%
SpS2.43
BVpS6.74
TBVpS6.74
PEG (NY)0.26
PEG (5Y)N/A
Graham Number7.69
Profitability
Industry RankSector Rank
ROA 0.47%
ROE 0.88%
ROCE 3.9%
ROIC 3.08%
ROICexc 3.24%
ROICexgc 3.24%
OM 18.29%
PM (TTM) 2.45%
GM 40.73%
FCFM 8.71%
ROA(3y)0.99%
ROA(5y)3.56%
ROE(3y)2.22%
ROE(5y)5.93%
ROIC(3y)1.45%
ROIC(5y)2.87%
ROICexc(3y)1.53%
ROICexc(5y)3.25%
ROICexgc(3y)1.53%
ROICexgc(5y)3.25%
ROCE(3y)1.84%
ROCE(5y)3.63%
ROICexgc growth 3Y-8.65%
ROICexgc growth 5Y-13.76%
ROICexc growth 3Y-8.65%
ROICexc growth 5Y-13.76%
OM growth 3Y1.42%
OM growth 5Y-4.29%
PM growth 3Y-24.11%
PM growth 5YN/A
GM growth 3Y-4.28%
GM growth 5Y-4.45%
F-Score6
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 12.57
Debt/EBITDA 2.67
Cap/Depr 125.73%
Cap/Sales 21.44%
Interest Coverage 2.69
Cash Conversion 85.31%
Profit Quality 356.06%
Current Ratio 0.94
Quick Ratio 0.53
Altman-Z 1.89
F-Score6
WACC10.56%
ROIC/WACC0.29
Cap/Depr(3y)240.75%
Cap/Depr(5y)202.16%
Cap/Sales(3y)44.6%
Cap/Sales(5y)37.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)680%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%111.11%
EPS Next Y158.34%
EPS Next 2Y112.14%
EPS Next 3Y84.23%
EPS Next 5Y48.07%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
Revenue Next Year69.38%
Revenue Next 2Y47.88%
Revenue Next 3Y35.49%
Revenue Next 5Y15.13%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year135.79%
EBIT Next 3Y64.35%
EBIT Next 5Y32.54%
FCF growth 1Y162.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y118.53%
OCF growth 3Y5.08%
OCF growth 5Y44.19%

EQUINOX GOLD CORP / EQX FAQ

What is the ChartMill fundamental rating of EQUINOX GOLD CORP (EQX) stock?

ChartMill assigns a fundamental rating of 4 / 10 to EQX.


What is the valuation status for EQX stock?

ChartMill assigns a valuation rating of 5 / 10 to EQUINOX GOLD CORP (EQX). This can be considered as Fairly Valued.


Can you provide the profitability details for EQUINOX GOLD CORP?

EQUINOX GOLD CORP (EQX) has a profitability rating of 5 / 10.


What are the PE and PB ratios of EQUINOX GOLD CORP (EQX) stock?

The Price/Earnings (PE) ratio for EQUINOX GOLD CORP (EQX) is 40.51 and the Price/Book (PB) ratio is 2.34.


Can you provide the expected EPS growth for EQX stock?

The Earnings per Share (EPS) of EQUINOX GOLD CORP (EQX) is expected to grow by 158.34% in the next year.