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Side-by-side financial comparison of Equinox Gold Corp. (EQX) and Martin Marietta Materials (MLM). Click either name above to swap in a different company.

Martin Marietta Materials is the larger business by last-quarter revenue ($1.1B vs $575.0K, roughly 1982.6× Equinox Gold Corp.). Martin Marietta Materials runs the higher net margin — 24.5% vs 4.9%, a 19.6% gap on every dollar of revenue.

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 ...

Martin Marietta Materials, Inc. is an American company and a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks, and foundations.

EQX vs MLM — Head-to-Head

Bigger by revenue
MLM
MLM
1982.6× larger
MLM
$1.1B
$575.0K
EQX
Higher net margin
MLM
MLM
19.6% more per $
MLM
24.5%
4.9%
EQX

Income Statement — Q4 2024 vs Q4 2025

Metric
EQX
EQX
MLM
MLM
Revenue
$575.0K
$1.1B
Net Profit
$28.3K
$279.0M
Gross Margin
35.0%
Operating Margin
24.6%
Net Margin
4.9%
24.5%
Revenue YoY
-30.1%
Net Profit YoY
-4.8%
EPS (diluted)
$0.17
$4.59

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
EQX
EQX
MLM
MLM
Q4 25
$1.1B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.4B
Q4 24
$575.0K
$1.6B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.3B
Net Profit
EQX
EQX
MLM
MLM
Q4 25
$279.0M
Q3 25
$414.0M
Q2 25
$328.0M
Q1 25
$116.0M
Q4 24
$28.3K
$293.0M
Q3 24
$363.0M
Q2 24
$294.0M
Q1 24
$1.0B
Gross Margin
EQX
EQX
MLM
MLM
Q4 25
35.0%
Q3 25
33.1%
Q2 25
30.0%
Q1 25
24.8%
Q4 24
30.0%
Q3 24
31.7%
Q2 24
29.3%
Q1 24
21.7%
Operating Margin
EQX
EQX
MLM
MLM
Q4 25
24.6%
Q3 25
27.4%
Q2 25
25.3%
Q1 25
14.3%
Q4 24
24.4%
Q3 24
25.9%
Q2 24
22.6%
Q1 24
Net Margin
EQX
EQX
MLM
MLM
Q4 25
24.5%
Q3 25
22.4%
Q2 25
18.1%
Q1 25
8.6%
Q4 24
4.9%
18.0%
Q3 24
19.2%
Q2 24
16.7%
Q1 24
83.5%
EPS (diluted)
EQX
EQX
MLM
MLM
Q4 25
$4.59
Q3 25
$6.85
Q2 25
$5.43
Q1 25
$1.90
Q4 24
$0.17
$4.87
Q3 24
$5.91
Q2 24
$4.76
Q1 24
$16.87

Balance Sheet & Financial Strength

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

Metric
EQX
EQX
MLM
MLM
Cash + ST InvestmentsLiquidity on hand
$67.0M
Total DebtLower is stronger
$5.3B
Stockholders' EquityBook value
$10.0B
Total Assets
$18.7B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQX
EQX
MLM
MLM
Q4 25
$67.0M
Q3 25
$57.0M
Q2 25
$225.0M
Q1 25
$101.0M
Q4 24
$670.0M
Q3 24
$52.0M
Q2 24
$109.0M
Q1 24
$2.6B
Total Debt
EQX
EQX
MLM
MLM
Q4 25
$5.3B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$4.0B
Q2 24
$4.3B
Q1 24
$4.3B
Stockholders' Equity
EQX
EQX
MLM
MLM
Q4 25
$10.0B
Q3 25
$9.7B
Q2 25
$9.4B
Q1 25
$9.1B
Q4 24
$9.5B
Q3 24
$9.2B
Q2 24
$8.8B
Q1 24
$8.9B
Total Assets
EQX
EQX
MLM
MLM
Q4 25
$18.7B
Q3 25
$18.7B
Q2 25
$18.1B
Q1 25
$17.7B
Q4 24
$18.2B
Q3 24
$16.5B
Q2 24
$16.3B
Q1 24
$16.2B
Debt / Equity
EQX
EQX
MLM
MLM
Q4 25
0.53×
Q3 25
0.57×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.57×
Q3 24
0.44×
Q2 24
0.49×
Q1 24
0.49×

Cash Flow & Capital Efficiency

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

Metric
EQX
EQX
MLM
MLM
Operating Cash FlowLast quarter
$629.0M
Free Cash FlowOCF − Capex
$424.0M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
18.0%
Cash ConversionOCF / Net Profit
2.25×
TTM Free Cash FlowTrailing 4 quarters
$978.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQX
EQX
MLM
MLM
Q4 25
$629.0M
Q3 25
$551.0M
Q2 25
$387.0M
Q1 25
$218.0M
Q4 24
$686.0M
Q3 24
$600.0M
Q2 24
$1.0M
Q1 24
$172.0M
Free Cash Flow
EQX
EQX
MLM
MLM
Q4 25
$424.0M
Q3 25
$361.0M
Q2 25
$208.0M
Q1 25
$-15.0M
Q4 24
$453.0M
Q3 24
$317.0M
Q2 24
$-138.0M
Q1 24
$-28.0M
FCF Margin
EQX
EQX
MLM
MLM
Q4 25
37.2%
Q3 25
19.6%
Q2 25
11.5%
Q1 25
-1.1%
Q4 24
27.8%
Q3 24
16.8%
Q2 24
-7.8%
Q1 24
-2.2%
Capex Intensity
EQX
EQX
MLM
MLM
Q4 25
18.0%
Q3 25
10.3%
Q2 25
9.9%
Q1 25
17.2%
Q4 24
14.3%
Q3 24
15.0%
Q2 24
7.9%
Q1 24
16.0%
Cash Conversion
EQX
EQX
MLM
MLM
Q4 25
2.25×
Q3 25
1.33×
Q2 25
1.18×
Q1 25
1.88×
Q4 24
2.34×
Q3 24
1.65×
Q2 24
0.00×
Q1 24
0.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQX
EQX

Segment breakdown not available.

MLM
MLM

Building Materials Business East Group$774.0M68%
Building Materials Business West Group$233.0M20%
Services$88.0M8%
Other$45.0M4%

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