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Side-by-side financial comparison of Contango ORE, Inc. (CTGO) and Equinox Gold Corp. (EQX). Click either name above to swap in a different company.

Contango ORE, Inc. runs the higher net margin — 2202.5% vs 4.9%, a 2197.6% gap on every dollar of revenue.

Contango ORE, Inc. is a U.S.-based mineral exploration and development firm focused on gold and associated mineral deposits in Alaska. It runs geological surveys, sample tests, and feasibility assessments to find commercially viable mineral resources and advance potential future mining projects.

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

CTGO vs EQX — Head-to-Head

Bigger by revenue
EQX
EQX
-0.5× larger
EQX
$575.0K
$-1.1M
CTGO
Higher net margin
CTGO
CTGO
2197.6% more per $
CTGO
2202.5%
4.9%
EQX

Income Statement — Q4 2025 vs Q4 2024

Metric
CTGO
CTGO
EQX
EQX
Revenue
$-1.1M
$575.0K
Net Profit
$-24.1M
$28.3K
Gross Margin
Operating Margin
Net Margin
2202.5%
4.9%
Revenue YoY
64.7%
Net Profit YoY
-324.4%
EPS (diluted)
$-1.72
$0.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CTGO
CTGO
EQX
EQX
Q4 25
$-1.1M
Q3 25
$-1.7M
Q2 25
$-2.0M
Q1 25
$-2.7M
Q4 24
$575.0K
Q4 22
$-446.7K
Q3 22
$-449.5K
Net Profit
CTGO
CTGO
EQX
EQX
Q4 25
$-24.1M
Q3 25
$-5.4M
Q2 25
$15.9M
Q1 25
$-22.5M
Q4 24
$28.3K
Q4 22
$-14.3M
Q3 22
$-7.1M
Operating Margin
CTGO
CTGO
EQX
EQX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q4 22
3203.1%
Q3 22
1577.8%
Net Margin
CTGO
CTGO
EQX
EQX
Q4 25
2202.5%
Q3 25
312.8%
Q2 25
-783.0%
Q1 25
820.6%
Q4 24
4.9%
Q4 22
3203.1%
Q3 22
1577.8%
EPS (diluted)
CTGO
CTGO
EQX
EQX
Q4 25
$-1.72
Q3 25
$-0.44
Q2 25
$1.24
Q1 25
$-1.88
Q4 24
$0.17
Q4 22
$-2.10
Q3 22
$-1.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CTGO
CTGO
EQX
EQX
Cash + ST InvestmentsLiquidity on hand
$64.8M
Total DebtLower is stronger
$33.9M
Stockholders' EquityBook value
$25.1M
Total Assets
$172.0M
Debt / EquityLower = less leverage
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTGO
CTGO
EQX
EQX
Q4 25
$64.8M
Q3 25
$107.0M
Q2 25
$36.5M
Q1 25
$35.0M
Q4 24
Q4 22
$8.8M
Q3 22
$17.8M
Total Debt
CTGO
CTGO
EQX
EQX
Q4 25
$33.9M
Q3 25
$42.1M
Q2 25
$48.5M
Q1 25
$56.1M
Q4 24
Q4 22
Q3 22
Stockholders' Equity
CTGO
CTGO
EQX
EQX
Q4 25
$25.1M
Q3 25
$47.8M
Q2 25
$-2.4M
Q1 25
$-20.5M
Q4 24
Q4 22
$-777.4K
Q3 22
$7.1M
Total Assets
CTGO
CTGO
EQX
EQX
Q4 25
$172.0M
Q3 25
$217.7M
Q2 25
$153.1M
Q1 25
$147.4M
Q4 24
Q4 22
$23.3M
Q3 22
$32.0M
Debt / Equity
CTGO
CTGO
EQX
EQX
Q4 25
1.35×
Q3 25
0.88×
Q2 25
Q1 25
Q4 24
Q4 22
Q3 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTGO
CTGO
EQX
EQX
Operating Cash FlowLast quarter
$-34.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTGO
CTGO
EQX
EQX
Q4 25
$-34.5M
Q3 25
$23.3M
Q2 25
$8.4M
Q1 25
$28.6M
Q4 24
Q4 22
Q3 22
$-5.3M
Capex Intensity
CTGO
CTGO
EQX
EQX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q4 22
Q3 22
0.0%
Cash Conversion
CTGO
CTGO
EQX
EQX
Q4 25
Q3 25
Q2 25
0.53×
Q1 25
Q4 24
Q4 22
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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