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- Equinox Gold
Equinox Gold Valuation Multiples
Discover revenue and EBITDA valuation multiples for Equinox Gold and similar public comparables like Jordan Phosphates Mines, Harmony Gold Mining, Ivanhoe Mines, Chifeng Jilong Gold and more.
Equinox Gold Overview
About Equinox Gold
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. The company operates gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the Canada, United States, Mexico, and others. The majority of its revenue is generated from Canada.
Founded
2007
HQ

Employees
8.2K
Website
Sectors
Financials (LTM)
EV
$13B
Equinox Gold Financials
Equinox Gold reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, Equinox Gold generated $1B in gross profit, $1B in EBITDA, and $481M in net income.
Revenue (LTM)
Equinox Gold P&L
In the most recent fiscal year, Equinox Gold reported revenue of $2B and EBITDA of $828M.
Equinox Gold expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $642M | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 35% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $828M | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 46% | XXX | XXX | XXX |
| EBIT Margin | 45% | XXX | 39% | XXX | XXX | XXX |
| Net Profit | $481M | XXX | $221M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Equinox Gold Stock Performance
Equinox Gold has current market cap of $12B, and enterprise value of $13B.
Market Cap Evolution
Equinox Gold's stock price is $15.56.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $12B | 0.0% | XXX | XXX | XXX | $0.28 |
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Start Free TrialEquinox Gold Valuation Multiples
Equinox Gold trades at 5.6x EV/Revenue multiple, and 11.1x EV/EBITDA.
EV / Revenue (LTM)
Equinox Gold Financial Valuation Multiples
As of April 20, 2026, Equinox Gold has market cap of $12B and EV of $13B.
Equity research analysts estimate Equinox Gold's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Equinox Gold has a P/E ratio of 25.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 5.6x | XXX | 7.3x | XXX | XXX | XXX |
| EV/EBITDA | 11.1x | XXX | 16.1x | XXX | XXX | XXX |
| EV/EBIT | 12.5x | XXX | 19.0x | XXX | XXX | XXX |
| EV/Gross Profit | 10.1x | XXX | 20.8x | XXX | XXX | XXX |
| P/E | 25.5x | XXX | 55.4x | XXX | XXX | XXX |
| EV/FCF | 32.6x | XXX | 105.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Equinox Gold Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Equinox Gold Margins & Growth Rates
Equinox Gold's revenue in the last 12 month grew by 61%.
Equinox Gold's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Equinox Gold's rule of 40 is 161% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Equinox Gold's rule of X is 312% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Equinox Gold Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 61% | XXX | 101% | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | 98% | XXX | 165% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 161% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 312% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 12% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Equinox Gold Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Equinox Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Jordan Phosphates Mines | XXX | XXX | XXX | XXX | XXX | XXX |
| Harmony Gold Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Ivanhoe Mines | XXX | XXX | XXX | XXX | XXX | XXX |
| Chifeng Jilong Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Hecla Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Equinox Gold M&A Activity
Equinox Gold acquired XXX companies to date.
Last acquisition by Equinox Gold was on XXXXXXXX, XXXXX. Equinox Gold acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Equinox Gold
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEquinox Gold Investment Activity
Equinox Gold invested in XXX companies to date.
Equinox Gold made its latest investment on XXXXXXXX, XXXXX. Equinox Gold invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Equinox Gold
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Equinox Gold
| When was Equinox Gold founded? | Equinox Gold was founded in 2007. |
| Where is Equinox Gold headquartered? | Equinox Gold is headquartered in Canada. |
| How many employees does Equinox Gold have? | As of today, Equinox Gold has over 8K employees. |
| Who is the CEO of Equinox Gold? | Equinox Gold's CEO is Gregory D. Smith. |
| Is Equinox Gold publicly listed? | Yes, Equinox Gold is a public company listed on NYSE American. |
| What is the stock symbol of Equinox Gold? | Equinox Gold trades under EQX ticker. |
| When did Equinox Gold go public? | Equinox Gold went public in 2013. |
| Who are competitors of Equinox Gold? | Equinox Gold main competitors are Jordan Phosphates Mines, Harmony Gold Mining, Ivanhoe Mines, Chifeng Jilong Gold. |
| What is the current market cap of Equinox Gold? | Equinox Gold's current market cap is $12B. |
| What is the current revenue of Equinox Gold? | Equinox Gold's last 12 months revenue is $2B. |
| What is the current revenue growth of Equinox Gold? | Equinox Gold revenue growth (NTM/LTM) is 61%. |
| What is the current EV/Revenue multiple of Equinox Gold? | Current revenue multiple of Equinox Gold is 5.6x. |
| Is Equinox Gold profitable? | Yes, Equinox Gold is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Equinox Gold? | Equinox Gold's last 12 months EBITDA is $1B. |
| What is Equinox Gold's EBITDA margin? | Equinox Gold's last 12 months EBITDA margin is 51%. |
| What is the current EV/EBITDA multiple of Equinox Gold? | Current EBITDA multiple of Equinox Gold is 11.1x. |
| What is the current FCF of Equinox Gold? | Equinox Gold's last 12 months FCF is $409M. |
| What is Equinox Gold's FCF margin? | Equinox Gold's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of Equinox Gold? | Current FCF multiple of Equinox Gold is 32.6x. |
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