Equinox Gold Corp.
EQX · Gold and Silver Ores · EDGAR filings ↗
Grade
C67Mid-tier gold producer with strong revenue growth but only middling returns and margins.
Strengths
- Revenue nearly doubled (99%, 82nd pct) with positive FCF ($126M, 74th pct) and solid OCF margin (72nd pct)
- Moderate leverage (D/E 0.27) and above-median ROA (70th pct)
Risks
- Low ROE (3.8%, 62nd pct) and ROIC (4.6%, 36th pct); earnings fell 35% year-over-year
- Gross margin only 36th pct, leaving thin cushion against gold-price swings
Notable findings
- Strong balance sheetStrong balance sheet — $430M cash & investments
Key metrics
Gross margin
35.4%
Operating margin
23.8%
Net margin
12.2%
Return on equity
3.8%
Return on assets
2.1%
ROIC
4.6%
Revenue growth (QoQ)
99.1%
Net-income growth
-34.7%
Debt / equity
0.3×
Interest coverage
2.4×
Free cash flow
$126M
Tangible book value
$5.8B
Cash & investments
$430M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-31 | 2025-12-31 | 0001628280-26-022120 ↗ |
| 40-F | 2025-03-19 | 2024-12-31 | 0001628280-25-013606 ↗ |
| 40-F | 2024-02-23 | 2023-12-31 | 0001628280-24-006487 ↗ |
| 40-F | 2023-02-24 | 2022-12-31 | 0001628280-23-004933 ↗ |
| 40-F | 2022-03-25 | 2021-12-31 | 0001628280-22-007230 ↗ |
| 40-F | 2021-03-24 | 2020-12-31 | 0001193125-21-092795 ↗ |
| 40-F | 2020-05-14 | 2019-12-31 | 0001193125-20-141940 ↗ |