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Side-by-side financial comparison of Equinox Gold Corp. (EQX) and SOUTHERN COPPER CORP/ (SCCO). Click either name above to swap in a different company.

SOUTHERN COPPER CORP/ is the larger business by last-quarter revenue ($3.9B vs $575.0K, roughly 6730.1× Equinox Gold Corp.). SOUTHERN COPPER CORP/ runs the higher net margin — 33.9% vs 4.9%, a 29.0% 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 ...

Southern Copper Corporation, organized in Delaware and headquartered in Phoenix, Arizona, owns copper mines, smelters, and refineries in Peru and Mexico, including the Cuajone mine, the Toquepala mine, and the Tia Maria mine in Peru and the Buenavista mine and the La Caridad Mine in Mexico. In 2024, the company mined 2.1 billion pounds of copper, 21 million ounces of silver, 64 million pounds of molybdenum, and 286 million pounds of zinc.

EQX vs SCCO — Head-to-Head

Bigger by revenue
SCCO
SCCO
6730.1× larger
SCCO
$3.9B
$575.0K
EQX
Higher net margin
SCCO
SCCO
29.0% more per $
SCCO
33.9%
4.9%
EQX

Income Statement — Q4 2024 vs Q4 2025

Metric
EQX
EQX
SCCO
SCCO
Revenue
$575.0K
$3.9B
Net Profit
$28.3K
$1.3B
Gross Margin
62.0%
Operating Margin
54.5%
Net Margin
4.9%
33.9%
Revenue YoY
39.0%
Net Profit YoY
64.7%
EPS (diluted)
$0.17
$1.49

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
SCCO
SCCO
Q4 25
$3.9B
Q3 25
$3.4B
Q2 25
$3.1B
Q1 25
$3.1B
Q4 24
$575.0K
$2.8B
Q3 24
$2.9B
Q2 24
$3.1B
Q1 24
$2.6B
Net Profit
EQX
EQX
SCCO
SCCO
Q4 25
$1.3B
Q3 25
$1.1B
Q2 25
$976.7M
Q1 25
$949.1M
Q4 24
$28.3K
$796.2M
Q3 24
$899.8M
Q2 24
$953.8M
Q1 24
$738.8M
Gross Margin
EQX
EQX
SCCO
SCCO
Q4 25
62.0%
Q3 25
59.8%
Q2 25
60.3%
Q1 25
57.7%
Q4 24
56.5%
Q3 24
58.3%
Q2 24
59.9%
Q1 24
55.5%
Operating Margin
EQX
EQX
SCCO
SCCO
Q4 25
54.5%
Q3 25
52.4%
Q2 25
52.0%
Q1 25
49.2%
Q4 24
47.0%
Q3 24
49.5%
Q2 24
51.5%
Q1 24
45.8%
Net Margin
EQX
EQX
SCCO
SCCO
Q4 25
33.9%
Q3 25
32.9%
Q2 25
32.0%
Q1 25
30.4%
Q4 24
4.9%
28.6%
Q3 24
30.7%
Q2 24
30.6%
Q1 24
28.4%
EPS (diluted)
EQX
EQX
SCCO
SCCO
Q4 25
$1.49
Q3 25
$1.35
Q2 25
$1.21
Q1 25
$1.19
Q4 24
$0.17
$1.02
Q3 24
$1.15
Q2 24
$1.22
Q1 24
$0.95

Balance Sheet & Financial Strength

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

Metric
EQX
EQX
SCCO
SCCO
Cash + ST InvestmentsLiquidity on hand
$4.9B
Total DebtLower is stronger
$6.8B
Stockholders' EquityBook value
$11.0B
Total Assets
$21.4B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQX
EQX
SCCO
SCCO
Q4 25
$4.9B
Q3 25
$4.5B
Q2 25
$4.0B
Q1 25
$4.3B
Q4 24
$3.5B
Q3 24
$3.0B
Q2 24
$2.2B
Q1 24
$1.6B
Total Debt
EQX
EQX
SCCO
SCCO
Q4 25
$6.8B
Q3 25
Q2 25
Q1 25
Q4 24
$6.3B
Q3 24
Q2 24
$6.3B
Q1 24
$6.3B
Stockholders' Equity
EQX
EQX
SCCO
SCCO
Q4 25
$11.0B
Q3 25
$10.4B
Q2 25
$10.0B
Q1 25
$9.6B
Q4 24
$9.2B
Q3 24
$8.9B
Q2 24
$8.5B
Q1 24
$7.5B
Total Assets
EQX
EQX
SCCO
SCCO
Q4 25
$21.4B
Q3 25
$20.3B
Q2 25
$19.6B
Q1 25
$19.8B
Q4 24
$18.7B
Q3 24
$18.4B
Q2 24
$17.8B
Q1 24
$16.8B
Debt / Equity
EQX
EQX
SCCO
SCCO
Q4 25
0.61×
Q3 25
Q2 25
Q1 25
Q4 24
0.68×
Q3 24
Q2 24
0.74×
Q1 24
0.83×

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
SCCO
SCCO
Operating Cash FlowLast quarter
$1.5B
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
27.7%
Capex IntensityCapex / Revenue
10.9%
Cash ConversionOCF / Net Profit
1.14×
TTM Free Cash FlowTrailing 4 quarters
$3.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQX
EQX
SCCO
SCCO
Q4 25
$1.5B
Q3 25
$1.6B
Q2 25
$976.8M
Q1 25
$721.4M
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$962.1M
Q1 24
$659.7M
Free Cash Flow
EQX
EQX
SCCO
SCCO
Q4 25
$1.1B
Q3 25
$1.2B
Q2 25
$741.1M
Q1 25
$403.6M
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$630.3M
Q1 24
$445.9M
FCF Margin
EQX
EQX
SCCO
SCCO
Q4 25
27.7%
Q3 25
35.8%
Q2 25
24.3%
Q1 25
12.9%
Q4 24
40.4%
Q3 24
40.7%
Q2 24
20.2%
Q1 24
17.2%
Capex Intensity
EQX
EQX
SCCO
SCCO
Q4 25
10.9%
Q3 25
10.3%
Q2 25
7.7%
Q1 25
10.2%
Q4 24
8.5%
Q3 24
8.4%
Q2 24
10.6%
Q1 24
8.2%
Cash Conversion
EQX
EQX
SCCO
SCCO
Q4 25
1.14×
Q3 25
1.40×
Q2 25
1.00×
Q1 25
0.76×
Q4 24
1.71×
Q3 24
1.60×
Q2 24
1.01×
Q1 24
0.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQX
EQX

Segment breakdown not available.

SCCO
SCCO

Other$1.3B32%
MX$726.4M19%
CH$560.4M14%
PE$218.8M6%
Silver$201.1M5%
BR$157.9M4%
CL$149.0M4%
Molybdenum$143.3M4%
ES$130.8M3%
Mexican IMMSA Unit$129.8M3%
IT$107.1M3%
Zinc$88.8M2%

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