New Gold [NGD] vs Equinox Gold [EQX] Detailed Stock Comparison

New Gold Inc.

NYSE
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Equinox Gold Corp.

NYSE
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: New Gold Inc. wins in 14 metrics, Equinox Gold Corp. wins in 5 metrics, with 0 ties. New Gold Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric New Gold Inc. Equinox Gold Corp. Better
P/E Ratio (TTM) 28.38 181.10 New Gold Inc.
Price-to-Book Ratio 5.80 1.94 Equinox Gold Corp.
Debt-to-Equity Ratio 32.06 31.67 Equinox Gold Corp.
PEG Ratio 7.69 7.82 New Gold Inc.
EV/EBITDA 10.72 12.56 New Gold Inc.
Profit Margin (TTM) 20.07% 12.19% New Gold Inc.
Operating Margin (TTM) 50.16% 27.48% New Gold Inc.
EBITDA Margin (TTM) 50.16% 27.48% New Gold Inc.
Return on Equity 22.29% -0.41% New Gold Inc.
Return on Assets (TTM) 12.83% 3.62% New Gold Inc.
Free Cash Flow (TTM) $305.30M $126.00M New Gold Inc.
Dividend Yield N/A 0.07% N/A
1-Year Return 181.99% 63.66% New Gold Inc.
Price-to-Sales Ratio (TTM) 5.81 6.21 New Gold Inc.
Enterprise Value $7.46B $12.36B Equinox Gold Corp.
EV/Revenue Ratio 6.01 6.80 New Gold Inc.
Gross Profit Margin (TTM) 69.14% 176.33% Equinox Gold Corp.
Revenue per Share (TTM) $2 $3 Equinox Gold Corp.
Earnings per Share (Diluted) $0.32 $-0.03 New Gold Inc.
Beta (Stock Volatility) 1.83 2.40 New Gold Inc.

New Gold Inc. vs Equinox Gold Corp. Stock Performance Analysis

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NGD
EQX

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
New Gold Inc.0.00%-9.02%-25.70%-1.09%32.36%6.07%
Equinox Gold Corp.6.26%3.32%-15.34%-24.73%-19.71%-18.25%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
New Gold Inc.181.99%799.01%453.66%155.77%-19.29%13.36%
Equinox Gold Corp.63.66%127.16%33.93%168.19%168.19%168.19%

Performance & Financial Health Analysis: New Gold Inc. vs Equinox Gold Corp.

MetricNGDEQX
Market Information
Market Cap i$7.21B$11.31B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i12,441,7107,128,935
90 Day Avg. Volume i14,506,5679,685,725
Last Close$9.08$11.20
52 Week Range$2.90 - $13.63$5.61 - $18.96
% from 52W High-33.38%-40.93%
All-Time High$14.15 (Sep 05, 2011)$18.96 (Feb 25, 2026)
% from All-Time High-35.83%-40.93%
Growth Metrics
Quarterly Revenue Growth0.84%-0.88%
Quarterly Earnings Growth2.76%-0.83%
Financial Health
Profit Margin (TTM) i0.20%0.12%
Operating Margin (TTM) i0.50%0.27%
Return on Equity (TTM) i0.22%0.00%
Debt to Equity (MRQ) i32.0631.67
Cash & Liquidity
Book Value per Share (MRQ)$1.57$7.38
Cash per Share (MRQ)$0.16$0.72
Operating Cash Flow (TTM) i$680.80M$818.35M
Levered Free Cash Flow (TTM) i$56.71M$-305,672,640
Dividends
Last 12-Month Dividend Yield iN/A0.07%
Last 12-Month Dividend iN/A$0.01

Valuation & Enterprise Metrics Analysis: New Gold Inc. vs Equinox Gold Corp.

MetricNGD (Apr 07, 2026)EQX (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i28.38181.10
Forward P/E i7.697.82
PEG Ratio i7.697.82
Price to Sales (TTM) i5.816.21
Price to Book (MRQ) i5.801.94
Market Capitalization
Market Capitalization i$7.21B$11.31B
Enterprise Value i$7.46B$12.36B
Enterprise Value Metrics
Enterprise to Revenue i6.016.80
Enterprise to EBITDA i10.7212.56
Risk & Other Metrics
Beta i1.832.40
Book Value per Share (MRQ) i$1.57$7.38

Financial Statements Comparison: New Gold Inc. vs Equinox Gold Corp.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricNGD (2025)EQX (2025)
Revenue/Sales i1.48B1.82B
Cost of Goods Sold i691.40M1.18B
COGS % of Revenue i46.8%64.7%
Gross Profit i784.70M642.10M
Gross Margin i53.2%35.3%
Research & Development iN/AN/A
Operating Income (EBIT) i655.00M432.34M
Operating Margin i44.4%23.8%
EBITDA i889.30M960.04M
EBITDA Margin i60.2%52.8%
Pre-Tax Income i918.40M131.37M
Pre-Tax Income % of Revenue i62.2%7.2%
Income Tax i60.50M150.23M
Income Tax % of Revenue i4.1%8.3%
Net Income (Profit) i857.90M221.47M
Profit Margin i58.1%12.2%

Balance Sheet & Liquidity Metrics

MetricNGD (2025)EQX (2025)
Cash & Equivalents i330.10M407.36M
Total Current Assets i515.90M1.97B
Total Current Assets % of Revenue i35.0%108.4%
Total Current Liabilities i391.90M1.26B
Total Current Liabilities % of Revenue i26.5%69.4%
Long-Term Debt i395.70M1.45B
Long-Term Debt % of Revenue i26.8%79.6%
Total Shareholders Equity i1.91B5.80B
Retained Earnings i-1.50B820.00M
Retained Earnings % of Revenue i-101.6%45.1%
Property, Plant & Equipment iN/AN/A

Cash Flow Statement Comparison

MetricNGD (2025)EQX (2025)
Operating Cash Flow i1.17B794.67M
Operating Cash Flow % of Revenue i79.6%43.7%
Capital Expenditures i-592.70MN/A
Free Cash Flow i305.30M126.00M
FCF Margin i20.7%6.9%
Debt Repayment i-559.00M-146.25M
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricNGDEQX
Shares Short i12.91M17.11M
Short Ratio i0.471.48
Short % of Float iN/AN/A
Shares Outstanding i791.73M785.63M
Float Shares i761.96M758.70M
% Held by Insiders i3.79%4.49%
% Held by Institutions i70.16%64.91%
% Held by Public i26.05%30.60%

Dividend Analysis & Yield Comparison: New Gold Inc. vs Equinox Gold Corp.

MetricNGDEQX
Last 12-Month Dividend iN/A$0.01
Last 12-Month Dividend Yield iN/A0.07%
3-Year Avg Annual Dividend iN/A$0.00
3-Year Avg Dividend Yield iN/A0.10%
3-Year Total Dividends iN/A$0.01
Ex-Dividend DateN/AMar 12, 2026