EQUINOX GOLD CORP (EQX) Stock Fundamental Analysis

NYSEARCA:EQX • CA29446Y5020

16.81 USD
-0.17 (-1%)
At close: Feb 20, 2026
17 USD
+0.19 (+1.13%)
After Hours: 2/20/2026, 10:31:35 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall EQX gets a fundamental rating of 4 out of 10. We evaluated EQX against 156 industry peers in the Metals & Mining industry. While EQX is still in line with the averages on profitability rating, there are concerns on its financial health. EQX is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • EQX had positive earnings in the past year.
  • EQX had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: EQX reported negative net income in multiple years.
  • Of the past 5 years EQX 4 years 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

  • EQX has a better Return On Assets (1.28%) than 60.26% of its industry peers.
  • Looking at the Return On Equity, with a value of 2.37%, EQX is in the better half of the industry, outperforming 60.90% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.08%, EQX is in line with its industry, outperforming 58.97% 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 10.67%.
  • The 3 year average ROIC (1.45%) for EQX is below the current ROIC(4.08%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.28%
ROE 2.37%
ROIC 4.08%
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 (5.74%) is better than 68.59% of its industry peers.
  • In the last couple of years the Profit Margin of EQX has declined.
  • EQX's Operating Margin of 20.46% is fine compared to the rest of the industry. EQX outperforms 71.15% of its industry peers.
  • EQX's Operating Margin has declined in the last couple of years.
  • With an excellent Gross Margin value of 46.31%, EQX belongs to the best of the industry, outperforming 81.41% of the companies in the same industry.
  • EQX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 20.46%
PM (TTM) 5.74%
GM 46.31%
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

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EQX is destroying value.
  • There is no outstanding debt for EQX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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 2.16 indicates that EQX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • EQX has a worse Altman-Z score (2.16) than 69.87% of its industry peers.
  • EQX has a debt to FCF ratio of 12.40. This is a negative value and a sign of low solvency as EQX would need 12.40 years to pay back of all of its debts.
  • EQX has a Debt to FCF ratio of 12.40. This is in the better half of the industry: EQX outperforms 61.54% of its industry peers.
  • EQX has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of EQX (0.31) is worse than 62.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 12.4
Altman-Z 2.16
ROIC/WACC0.39
WACC10.55%
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

  • EQX has a Current Ratio of 1.07. This is a normal value and indicates that EQX is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of EQX (1.07) is worse than 82.05% of its industry peers.
  • A Quick Ratio of 0.62 indicates that EQX may have some problems paying its short term obligations.
  • EQX's Quick ratio of 0.62 is on the low side compared to the rest of the industry. EQX is outperformed by 84.62% of its industry peers.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 0.62
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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 104.76% over the past year.
  • The Earnings Per Share has been growing by 17.75% on average over the past years. This is quite good.
EPS 1Y (TTM)104.76%
EPS 3YN/A
EPS 5Y17.75%
EPS Q2Q%23.53%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%18.5%

3.2 Future

  • Based on estimates for the next years, EQX will show a very strong growth in Earnings Per Share. The EPS will grow by 27.77% on average per year.
  • 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 Y119.78%
EPS Next 2Y74.74%
EPS Next 3Y52.17%
EPS Next 5Y27.77%
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 accelerating.
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

  • Based on the Price/Earnings ratio of 39.09, the valuation of EQX can be described as expensive.
  • Based on the Price/Earnings ratio, EQX is valued a bit cheaper than 65.38% of the companies in the same industry.
  • EQX's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.99.
  • With a Price/Forward Earnings ratio of 17.79, EQX is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, EQX is valued a bit cheaper than 66.03% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.02. EQX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 39.09
Fwd PE 17.79
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 66.67% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, EQX is valued a bit cheaper than 68.59% of the companies in the same industry.
Industry RankSector Rank
P/FCF 84.47
EV/EBITDA 16.17
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.
  • A more expensive valuation may be justified as EQX's earnings are expected to grow with 52.16% in the coming years.
PEG (NY)0.33
PEG (5Y)2.2
EPS Next 2Y74.74%
EPS Next 3Y52.17%

More info and screens

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

1

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.26%, EQX is not a good candidate for dividend investing.
  • EQX's Dividend Yield is a higher than the industry average which is at 1.03.
  • Compared to an average S&P500 Dividend Yield of 1.81, EQX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.26%

5.2 History

  • EQX does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DPN/A
EPS Next 2Y74.74%
EPS Next 3Y52.17%
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 0 200M -200M 400M -400M

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Find the best dividend stocksShow peers with best dividend

EQUINOX GOLD CORP

NYSEARCA:EQX (2/20/2026, 10:31:35 PM)

After market: 17 +0.19 (+1.13%)

16.81

-0.17 (-1%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners60.9%
Inst Owner Change20.26%
Ins Owners3.82%
Ins Owner ChangeN/A
Market Cap13.21B
Revenue(TTM)N/A
Net Income(TTM)131.91M
Analysts80
Price Target25.5 (51.7%)
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-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)357.13%
Min EPS beat(2)36.32%
Max EPS beat(2)677.94%
EPS beat(4)2
Avg EPS beat(4)134.35%
Min EPS beat(4)-155.58%
Max EPS beat(4)677.94%
EPS beat(8)5
Avg EPS beat(8)91.43%
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)-4.52%
Min Revenue beat(2)-7.44%
Max Revenue beat(2)-1.59%
Revenue beat(4)1
Avg Revenue beat(4)-3.02%
Min Revenue beat(4)-7.44%
Max Revenue beat(4)0.27%
Revenue beat(8)1
Avg Revenue beat(8)-6.15%
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 39.09
Fwd PE 17.79
P/S 5.75
P/FCF 84.47
P/OCF 19.54
P/B 2.37
P/tB 2.37
EV/EBITDA 16.17
EPS(TTM)0.43
EY2.56%
EPS(NY)0.95
Fwd EY5.62%
FCF(TTM)0.2
FCFY1.18%
OCF(TTM)0.86
OCFY5.12%
SpS2.92
BVpS7.1
TBVpS7.1
PEG (NY)0.33
PEG (5Y)2.2
Graham Number8.29
Profitability
Industry RankSector Rank
ROA 1.28%
ROE 2.37%
ROCE 5.16%
ROIC 4.08%
ROICexc 4.27%
ROICexgc 4.27%
OM 20.46%
PM (TTM) 5.74%
GM 46.31%
FCFM 6.81%
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-Score7
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 12.4
Debt/EBITDA 1.89
Cap/Depr 118.59%
Cap/Sales 22.63%
Interest Coverage 3.52
Cash Conversion 74.45%
Profit Quality 118.53%
Current Ratio 1.07
Quick Ratio 0.62
Altman-Z 2.16
F-Score7
WACC10.55%
ROIC/WACC0.39
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)104.76%
EPS 3YN/A
EPS 5Y17.75%
EPS Q2Q%23.53%
EPS Next Y119.78%
EPS Next 2Y74.74%
EPS Next 3Y52.17%
EPS Next 5Y27.77%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%18.5%
Revenue Next Year29.78%
Revenue Next 2Y16.68%
Revenue Next 3Y12.82%
Revenue Next 5Y10.9%
EBIT growth 1Y306.62%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year135.79%
EBIT Next 3Y64.35%
EBIT Next 5Y32.54%
FCF growth 1Y163.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y143.09%
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 39.09 and the Price/Book (PB) ratio is 2.37.


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 119.78% in the next year.