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B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into various markets. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
2006
6.5K+
LTM Revenue $2.8B
LTM EBITDA $1.6B
$5.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
B2Gold has a last 12-month revenue (LTM) of $2.8B and a last 12-month EBITDA of $1.6B.
In the most recent fiscal year, B2Gold achieved revenue of $1.9B and an EBITDA of $93.0M.
B2Gold expects next 12-month revenue of XXX and NTM EBITDA of XXX
See B2Gold valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | XXX | $1.9B | XXX | XXX | XXX |
| Gross Profit | $1.8B | XXX | $706M | XXX | XXX | XXX |
| Gross Margin | 64% | XXX | 37% | XXX | XXX | XXX |
| EBITDA | $1.6B | XXX | $93.0M | XXX | XXX | XXX |
| EBITDA Margin | 58% | XXX | 5% | XXX | XXX | XXX |
| EBIT | $1.2B | XXX | $569M | XXX | XXX | XXX |
| EBIT Margin | 44% | XXX | 30% | XXX | XXX | XXX |
| Net Profit | $291M | XXX | -$630M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | -33% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $61.6M | XXX | XXX | XXX |
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As of September 5, 2025, B2Gold's stock price is $4.
B2Gold has current market cap of $5.4B, and EV of $5.5B.
See B2Gold trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.5B | $5.4B | XXX | XXX | XXX | XXX | $0.43 |
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Start Free TrialAs of September 5, 2025, B2Gold has market cap of $5.4B and EV of $5.5B.
B2Gold's trades at 2.9x EV/Revenue multiple, and 59.2x EV/EBITDA.
Equity research analysts estimate B2Gold's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
B2Gold has a P/E ratio of 18.4x.
See valuation multiples for B2Gold and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5.4B | XXX | $5.4B | XXX | XXX | XXX |
| EV (current) | $5.5B | XXX | $5.5B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 3.5x | XXX | 59.2x | XXX | XXX | XXX |
| EV/EBIT | 4.5x | XXX | 9.7x | XXX | XXX | XXX |
| EV/Gross Profit | 3.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 18.4x | XXX | -8.5x | XXX | XXX | XXX |
| EV/FCF | 29.6x | XXX | 6.4x | XXX | XXX | XXX |
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Start Free TrialB2Gold's last 12 month revenue growth is 22%
B2Gold's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $21K for the same period.
B2Gold's rule of 40 is 60% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
B2Gold's rule of X is 112% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for B2Gold and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 22% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Margin | 58% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | 60% | XXX | XXX | XXX |
| Rule of 40 | 60% | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 112% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $21K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 7% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| AMG Critical Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| ArcelorMittal | XXX | XXX | XXX | XXX | XXX | XXX |
| Equinox Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| New Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Orla Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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B2Gold acquired XXX companies to date.
Last acquisition by B2Gold was XXXXXXXX, XXXXX XXXXX XXXXXX . B2Gold acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was B2Gold founded? | B2Gold was founded in 2006. |
| Where is B2Gold headquartered? | B2Gold is headquartered in United States of America. |
| How many employees does B2Gold have? | As of today, B2Gold has 6.5K+ employees. |
| Who is the CEO of B2Gold? | B2Gold's CEO is Mr. Clive T. Johnson. |
| Is B2Gold publicy listed? | Yes, B2Gold is a public company listed on ASE. |
| What is the stock symbol of B2Gold? | B2Gold trades under BTG ticker. |
| When did B2Gold go public? | B2Gold went public in 2008. |
| Who are competitors of B2Gold? | Similar companies to B2Gold include e.g. AMG Critical Materials, ArcelorMittal, Equinox Gold, New Gold. |
| What is the current market cap of B2Gold? | B2Gold's current market cap is $5.4B |
| What is the current revenue of B2Gold? | B2Gold's last 12 months revenue is $2.8B. |
| What is the current revenue growth of B2Gold? | B2Gold revenue growth (NTM/LTM) is 22%. |
| What is the current EV/Revenue multiple of B2Gold? | Current revenue multiple of B2Gold is 2.0x. |
| Is B2Gold profitable? | Yes, B2Gold is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of B2Gold? | B2Gold's last 12 months EBITDA is $1.6B. |
| What is B2Gold's EBITDA margin? | B2Gold's last 12 months EBITDA margin is 58%. |
| What is the current EV/EBITDA multiple of B2Gold? | Current EBITDA multiple of B2Gold is 3.5x. |
| What is the current FCF of B2Gold? | B2Gold's last 12 months FCF is $186M. |
| What is B2Gold's FCF margin? | B2Gold's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of B2Gold? | Current FCF multiple of B2Gold is 29.6x. |
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