Allied Gold vs Equinox Gold
Equinox Gold is the larger business, with $1.82bn of revenue in fiscal 2025 against $1.33bn for Allied Gold (1.4 times as much). Equinox Gold grew faster (99.1% against 82.3%). Equinox Gold kept more of each dollar of sales as profit: a net margin of 12.2% against -3.9%. Equinox Gold carries less debt relative to equity (26.8% against 37.9%).
| Latest fiscal year | Allied GoldAAUC, 2025 | Equinox GoldEQX, 2025 |
|---|---|---|
| Revenue | $1.33bn | $1.82bn |
| Revenue growth | 82.3% | 99.1% |
| Net income | −$51.8m | $221m |
| Operating margin | — | 23.8% |
| Net margin | -3.9% | 12.2% |
| Return on equity | -13.8% | 4.8% |
| Free cash flow | $106m | $126m |
| Cash | $480m | $430m |
| Total debt | $154m | $1.55bn |
| Debt to equity | 37.9% | 26.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $2.41bn | $6.35bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |