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Side-by-side financial comparison of Equinox Gold Corp. (EQX) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $575.0K, roughly 33.2× Equinox Gold Corp.). Equinox Gold Corp. runs the higher net margin — 4.9% vs -82.3%, a 87.3% 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 ...

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

EQX vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
33.2× larger
USAS
$19.1M
$575.0K
EQX
Higher net margin
EQX
EQX
87.3% more per $
EQX
4.9%
-82.3%
USAS

Income Statement — Q4 FY2024 vs Q3 FY2025

Metric
EQX
EQX
USAS
USAS
Revenue
$575.0K
$19.1M
Net Profit
$28.3K
$-15.7M
Gross Margin
34.2%
Operating Margin
Net Margin
4.9%
-82.3%
Revenue YoY
-28.0%
Net Profit YoY
2.8%
EPS (diluted)
$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
EQX
EQX
USAS
USAS
Q3 25
$19.1M
Q4 24
$575.0K
Q3 24
$26.5M
Net Profit
EQX
EQX
USAS
USAS
Q3 25
$-15.7M
Q4 24
$28.3K
Q3 24
$-16.2M
Gross Margin
EQX
EQX
USAS
USAS
Q3 25
34.2%
Q4 24
Q3 24
23.6%
Net Margin
EQX
EQX
USAS
USAS
Q3 25
-82.3%
Q4 24
4.9%
Q3 24
-60.9%
EPS (diluted)
EQX
EQX
USAS
USAS
Q3 25
Q4 24
$0.17
Q3 24

Balance Sheet & Financial Strength

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

Metric
EQX
EQX
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$50.2M
Total Assets
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQX
EQX
USAS
USAS
Q3 25
$39.1M
Q4 24
Q3 24
Stockholders' Equity
EQX
EQX
USAS
USAS
Q3 25
$50.2M
Q4 24
Q3 24
$53.1M
Total Assets
EQX
EQX
USAS
USAS
Q3 25
$234.7M
Q4 24
Q3 24

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
USAS
USAS
Operating Cash FlowLast quarter
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQX
EQX
USAS
USAS
Q3 25
$-12.5M
Q4 24
Q3 24
$2.4M
Free Cash Flow
EQX
EQX
USAS
USAS
Q3 25
$-41.3M
Q4 24
Q3 24
$-11.2M
FCF Margin
EQX
EQX
USAS
USAS
Q3 25
-216.5%
Q4 24
Q3 24
-42.2%
Capex Intensity
EQX
EQX
USAS
USAS
Q3 25
150.8%
Q4 24
Q3 24
51.2%

Financial Flow Comparison

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

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