EQUINOX GOLD CORP (EQX) Stock Fundamental Analysis

NYSEARCA:EQX • CA29446Y5020

17.85 USD
+1.04 (+6.19%)
At close: Feb 23, 2026
17.9 USD
+0.05 (+0.28%)
After Hours: 2/23/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

EQX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 156 industry peers in the Metals & Mining industry. While EQX has a great profitability rating, there are quite some concerns on its financial health. EQX is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

7

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 2025 0 200M -200M 400M -400M 600M 800M

1.2 Ratios

  • EQX has a better Return On Assets (2.10%) than 63.46% of its industry peers.
  • With a decent Return On Equity value of 3.82%, EQX is doing good in the industry, outperforming 62.82% of the companies in the same industry.
  • With a Return On Invested Capital value of 3.83%, EQX perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for EQX is significantly below the industry average of 11.13%.
  • The last Return On Invested Capital (3.83%) for EQX is above the 3 year average (2.61%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.1%
ROE 3.82%
ROIC 3.83%
ROA(3y)2.61%
ROA(5y)3.81%
ROE(3y)5%
ROE(5y)6.39%
ROIC(3y)2.61%
ROIC(5y)2.33%
EQX Yearly ROA, ROE, ROICEQX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • EQX has a Profit Margin of 12.19%. This is in the better half of the industry: EQX outperforms 75.00% of its industry peers.
  • In the last couple of years the Profit Margin of EQX has grown nicely.
  • EQX's Operating Margin of 24.76% is fine compared to the rest of the industry. EQX outperforms 72.44% of its industry peers.
  • EQX's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 54.07%, EQX belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
  • In the last couple of years the Gross Margin of EQX has grown nicely.
Industry RankSector Rank
OM 24.76%
PM (TTM) 12.19%
GM 54.07%
OM growth 3Y179.35%
OM growth 5Y0.42%
PM growth 3YN/A
PM growth 5Y35.83%
GM growth 3Y23.68%
GM growth 5Y1.61%
EQX Yearly Profit, Operating, Gross MarginsEQX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EQX is destroying value.
  • Compared to 1 year ago, EQX has more shares outstanding
  • EQX has more shares outstanding than it did 5 years ago.
  • EQX has a better debt/assets ratio than last year.
EQX Yearly Shares OutstandingEQX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
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 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • EQX has an Altman-Z score of 2.29. This is not the best score and indicates that EQX is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of EQX (2.29) is worse than 67.31% of its industry peers.
  • EQX has a debt to FCF ratio of 12.34. This is a negative value and a sign of low solvency as EQX would need 12.34 years to pay back of all of its debts.
  • EQX has a better Debt to FCF ratio (12.34) than 60.26% of its industry peers.
  • A Debt/Equity ratio of 0.24 indicates that EQX is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.24, EQX perfoms like the industry average, outperforming 44.87% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 12.34
Altman-Z 2.29
ROIC/WACC0.36
WACC10.74%
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 2025 0 2B 4B

2.3 Liquidity

  • EQX has a Current Ratio of 1.56. This is a normal value and indicates that EQX is financially healthy and should not expect problems in meeting its short term obligations.
  • EQX has a Current ratio of 1.56. This is in the lower half of the industry: EQX underperforms 70.51% of its industry peers.
  • EQX has a Quick Ratio of 1.27. This is a normal value and indicates that EQX is financially healthy and should not expect problems in meeting its short term obligations.
  • EQX has a Quick ratio of 1.27. This is in the lower half of the industry: EQX underperforms 60.26% of its industry peers.
Industry RankSector Rank
Current Ratio 1.56
Quick Ratio 1.27
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 2025 500M 1B 1.5B

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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

  • EQX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 166.67%, which is quite impressive.
  • EQX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.13% yearly.
  • The Revenue has grown by 20.02% in the past year. This is a very strong growth!
  • Measured over the past years, EQX shows a quite strong growth in Revenue. The Revenue has been growing by 16.54% on average per year.
EPS 1Y (TTM)166.67%
EPS 3YN/A
EPS 5Y24.13%
EPS Q2Q%100%
Revenue 1Y (TTM)20.02%
Revenue growth 3Y24.04%
Revenue growth 5Y16.54%
Sales Q2Q%71.79%

3.2 Future

  • EQX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.20% yearly.
  • Based on estimates for the next years, EQX will show a quite strong growth in Revenue. The Revenue will grow by 10.90% on average per year.
EPS Next Y68.76%
EPS Next 2Y53.12%
EPS Next 3Y39.34%
EPS Next 5Y21.2%
Revenue Next Year29.78%
Revenue Next 2Y16.68%
Revenue Next 3Y12.82%
Revenue Next 5Y10.9%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • 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

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 31.88, EQX can be considered very expensive at the moment.
  • EQX's Price/Earnings ratio is a bit cheaper when compared to the industry. EQX is cheaper than 69.87% of the companies in the same industry.
  • EQX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.64.
  • EQX is valuated rather expensively with a Price/Forward Earnings ratio of 18.89.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EQX indicates a somewhat cheap valuation: EQX is cheaper than 64.10% of the companies listed in the same industry.
  • EQX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.75.
Industry RankSector Rank
PE 31.88
Fwd PE 18.89
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

  • EQX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. EQX is cheaper than 69.23% of the companies in the same industry.
  • 63.46% of the companies in the same industry are more expensive than EQX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 111.3
EV/EBITDA 15.34
EQX Per share dataEQX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • EQX has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as EQX's earnings are expected to grow with 39.34% in the coming years.
PEG (NY)0.46
PEG (5Y)1.32
EPS Next 2Y53.12%
EPS Next 3Y39.34%

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

1

5. Dividend

5.1 Amount

  • EQX has a yearly dividend return of 0.26%, which is pretty low.
  • EQX's Dividend Yield is a higher than the industry average which is at 0.98.
  • With a Dividend Yield of 0.26, EQX pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 0.26%

5.2 History

  • EQX is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
EQX Yearly Dividends per shareEQX Yearly Dividends per shareYearly Dividends per share 2026 0.01 0.01 0.02

5.3 Sustainability

DPN/A
EPS Next 2Y53.12%
EPS Next 3Y39.34%
EQX Yearly Income VS Free CF VS DividendEQX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M

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Find the best dividend stocksShow peers with best dividend

EQUINOX GOLD CORP

NYSEARCA:EQX (2/23/2026, 8:04:00 PM)

After market: 17.9 +0.05 (+0.28%)

17.85

+1.04 (+6.19%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19
Earnings (Next)05-05
Inst Owners60.9%
Inst Owner Change20.26%
Ins Owners3.82%
Ins Owner ChangeN/A
Market Cap14.02B
Revenue(TTM)1.82B
Net Income(TTM)221.47M
Analysts80
Price Target25.5 (42.86%)
Short Float %2.52%
Short Ratio1.87
Dividend
Industry RankSector Rank
Dividend Yield 0.26%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date03-12
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.43%
Min EPS beat(2)18.53%
Max EPS beat(2)36.32%
EPS beat(4)3
Avg EPS beat(4)144.3%
Min EPS beat(4)-155.58%
Max EPS beat(4)677.94%
EPS beat(8)5
Avg EPS beat(8)76.3%
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)-1.15%
Min Revenue beat(2)-1.59%
Max Revenue beat(2)-0.71%
Revenue beat(4)0
Avg Revenue beat(4)-3.27%
Min Revenue beat(4)-7.44%
Max Revenue beat(4)-0.71%
Revenue beat(8)1
Avg Revenue beat(8)-5.34%
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)-3.85%
PT rev (3m)8.7%
EPS NQ rev (1m)7.76%
EPS NQ rev (3m)53.69%
EPS NY rev (1m)0%
EPS NY rev (3m)45.83%
Revenue NQ rev (1m)3.04%
Revenue NQ rev (3m)4.46%
Revenue NY rev (1m)-5.94%
Revenue NY rev (3m)-0.66%
Valuation
Industry RankSector Rank
PE 31.88
Fwd PE 18.89
P/S 7.72
P/FCF 111.3
P/OCF 17.14
P/B 2.42
P/tB 2.42
EV/EBITDA 15.34
EPS(TTM)0.56
EY3.14%
EPS(NY)0.95
Fwd EY5.29%
FCF(TTM)0.16
FCFY0.9%
OCF(TTM)1.04
OCFY5.84%
SpS2.31
BVpS7.38
TBVpS7.38
PEG (NY)0.46
PEG (5Y)1.32
Graham Number9.64
Profitability
Industry RankSector Rank
ROA 2.1%
ROE 3.82%
ROCE 4.85%
ROIC 3.83%
ROICexc 4.08%
ROICexgc 4.08%
OM 24.76%
PM (TTM) 12.19%
GM 54.07%
FCFM 6.93%
ROA(3y)2.61%
ROA(5y)3.81%
ROE(3y)5%
ROE(5y)6.39%
ROIC(3y)2.61%
ROIC(5y)2.33%
ROICexc(3y)2.76%
ROICexc(5y)2.56%
ROICexgc(3y)2.76%
ROICexgc(5y)2.56%
ROCE(3y)3.3%
ROCE(5y)2.95%
ROICexgc growth 3Y151.98%
ROICexgc growth 5Y-11.89%
ROICexc growth 3Y151.98%
ROICexc growth 5Y-11.89%
OM growth 3Y179.35%
OM growth 5Y0.42%
PM growth 3YN/A
PM growth 5Y35.83%
GM growth 3Y23.68%
GM growth 5Y1.61%
F-Score6
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 12.34
Debt/EBITDA 1.42
Cap/Depr 133.78%
Cap/Sales 38.1%
Interest Coverage 3.39
Cash Conversion 84.59%
Profit Quality 56.89%
Current Ratio 1.56
Quick Ratio 1.27
Altman-Z 2.29
F-Score6
WACC10.74%
ROIC/WACC0.36
Cap/Depr(3y)187.01%
Cap/Depr(5y)205.95%
Cap/Sales(3y)37.8%
Cap/Sales(5y)40.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)166.67%
EPS 3YN/A
EPS 5Y24.13%
EPS Q2Q%100%
EPS Next Y68.76%
EPS Next 2Y53.12%
EPS Next 3Y39.34%
EPS Next 5Y21.2%
Revenue 1Y (TTM)20.02%
Revenue growth 3Y24.04%
Revenue growth 5Y16.54%
Sales Q2Q%71.79%
Revenue Next Year29.78%
Revenue Next 2Y16.68%
Revenue Next 3Y12.82%
Revenue Next 5Y10.9%
EBIT growth 1Y89.08%
EBIT growth 3Y246.5%
EBIT growth 5Y17.03%
EBIT Next Year116.99%
EBIT Next 3Y25.37%
EBIT Next 5Y24.46%
FCF growth 1Y415.87%
FCF growth 3YN/A
FCF growth 5Y9.23%
OCF growth 1Y119.88%
OCF growth 3Y143.8%
OCF growth 5Y26.19%

EQUINOX GOLD CORP / EQX FAQ

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

ChartMill assigns a fundamental rating of 6 / 10 to EQX.


What is the valuation status for EQX stock?

ChartMill assigns a valuation rating of 6 / 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 7 / 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 31.88 and the Price/Book (PB) ratio is 2.42.


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 68.76% in the next year.