Equinox GoldEQX -0.10%75 Pretax Margin % is 36.45% as of Mar. 2026, which is 2580% above its 10-year median of 1.36. GuruFocus rates EQX with a GF Score™ of 75/100 and a GF Value™ of $5.92 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 841 Metals & Mining companies, Equinox Gold ranks better than 70.51% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Equinox Gold's Pre-Tax Income for the
three
months ended in Mar. 2026 was $314 Mil. Equinox Gold's Revenue for the
three
months ended in Mar. 2026 was $862 Mil. Therefore, Equinox Gold's pretax margin for the quarter that ended in Mar. 2026 was 36.45%.
The historical rank and industry rank for Equinox Gold's Pretax Margin % or its related term are showing as below:
EQX'
s Pretax Margin % Range Over the Past 10 Years
Min: -305.66 Med: 1.36 Max: 58.42
Current: 20.44
EQX's Pretax Margin % is ranked better than 70.51% of 841
companies
in the Metals & Mining industry
Industry Median: 4.85
vs EQX: 20.44
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Equinox Gold Pretax Margin % Related Terms
Equinox Gold Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Equinox Gold's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Equinox Gold's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Equinox Gold Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Equinox Gold's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Equinox Gold's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equinox Gold (EQX) has a Pretax Margin % of 36.45% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Equinox Gold and its competitors. This is 2580% above median its historical median of 1.36. According to the industry distribution chart, Equinox Gold ranks #248 out of 841 companies in the Metals & Mining industry, placing it in the top 29.5%.
Is Equinox Gold's Pretax Margin % too high?
Equinox Gold's current Pretax Margin % of 36.45% is 2580% above median its 10-year median of 1.36. The Metals & Mining industry median Pretax Margin % is 4.85. Equinox Gold's value of 36.45% is 651.5% above this industry median. Based on the distribution chart, Equinox Gold ranks #248 out of 841 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Equinox Gold has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinox Gold's Pretax Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Equinox Gold ranks #248 out of 841 companies for Pretax Margin %. This puts Equinox Gold in the upper half of its industry. The industry median Pretax Margin % is 4.85. Equinox Gold's value of 36.45% is 651.5% above this benchmark. While the company's 10-year median is 1.36 vs. the industry median of 4.85, Equinox Gold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.85, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equinox Gold's current Pretax Margin % of 36.45% is 651.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Equinox Gold and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinox Gold's current Pretax Margin % is 36.45%, which is 2580% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinox Gold stock overvalued right now?
Based on GuruFocus' analysis, Equinox Gold (EQX) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.92, compared to a current price of $9.72 — trading 64.2% above its estimated fair value. The current Pretax Margin % is 36.45%, which is 2580% above median its 10-year median of 1.36 and 651.5% above the Metals & Mining industry median of 4.85. Equinox Gold's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Equinox Gold (EQX), the current Pretax Margin % is 36.45% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Equinox Gold (EQX) Overvalued in 2026?
Based on GuruFocus' analysis, Equinox Gold stock appears to be overvalued.
The current stock price of $9.72 is trading 64.2% above its estimated GF Value™ of $5.92.
GuruFocus considers Equinox Gold to be Significantly Overvalued.
Key valuation signals for EQX:
Pretax Margin %: 36.45% (2580% above median its 10-year median of 1.36)
GF Value™: $5.92 vs. price of $9.72 (64.2% above fair value)
Industry Position: 651.5% above the Metals & Mining median (#248 of 841)
No single metric tells the full story. See the EQX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
75GF Score
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