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Side-by-side financial comparison of Equinox Gold Corp. (EQX) and Vale S.A. (VALE). Click either name above to swap in a different company.

Vale S.A. is the larger business by last-quarter revenue ($8.8B vs $575.0K, roughly 15311.3× Equinox Gold Corp.). Vale S.A. runs the higher net margin — 24.3% vs 4.9%, a 19.3% 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 ...

Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.

EQX vs VALE — Head-to-Head

Bigger by revenue
VALE
VALE
15311.3× larger
VALE
$8.8B
$575.0K
EQX
Higher net margin
VALE
VALE
19.3% more per $
VALE
24.3%
4.9%
EQX

Income Statement — Q4 2024 vs Q2 2025

Metric
EQX
EQX
VALE
VALE
Revenue
$575.0K
$8.8B
Net Profit
$28.3K
$2.1B
Gross Margin
30.9%
Operating Margin
22.8%
Net Margin
4.9%
24.3%
Revenue YoY
-11.3%
Net Profit YoY
-22.9%
EPS (diluted)
$0.17
$0.50

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
VALE
VALE
Q2 25
$8.8B
Q4 24
$575.0K
Q2 24
$9.9B
Q2 23
$9.7B
Q2 22
$11.2B
Net Profit
EQX
EQX
VALE
VALE
Q2 25
$2.1B
Q4 24
$28.3K
Q2 24
$2.8B
Q2 23
$928.0M
Q2 22
$6.2B
Gross Margin
EQX
EQX
VALE
VALE
Q2 25
30.9%
Q4 24
Q2 24
36.0%
Q2 23
38.6%
Q2 22
46.7%
Operating Margin
EQX
EQX
VALE
VALE
Q2 25
22.8%
Q4 24
Q2 24
39.1%
Q2 23
29.7%
Q2 22
38.5%
Net Margin
EQX
EQX
VALE
VALE
Q2 25
24.3%
Q4 24
4.9%
Q2 24
27.9%
Q2 23
9.6%
Q2 22
55.6%
EPS (diluted)
EQX
EQX
VALE
VALE
Q2 25
$0.50
Q4 24
$0.17
Q2 24
$0.65
Q2 23
$0.20
Q2 22

Balance Sheet & Financial Strength

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

Metric
EQX
EQX
VALE
VALE
Cash + ST InvestmentsLiquidity on hand
$5.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$40.5B
Total Assets
$90.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQX
EQX
VALE
VALE
Q2 25
$5.5B
Q4 24
Q2 24
$6.5B
Q2 23
$5.0B
Q2 22
$7.2B
Stockholders' Equity
EQX
EQX
VALE
VALE
Q2 25
$40.5B
Q4 24
Q2 24
$38.4B
Q2 23
$40.3B
Q2 22
$37.0B
Total Assets
EQX
EQX
VALE
VALE
Q2 25
$90.4B
Q4 24
Q2 24
$86.6B
Q2 23
$91.5B
Q2 22

Financial Flow Comparison

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

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