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Side-by-side financial comparison of IAMGOLD CORP (IAG) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

Western Midstream Partners, LP is the larger business by last-quarter revenue ($1.0B vs $724.2M, roughly 1.4× IAMGOLD CORP).

Iamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso and Canada. Headquartered in Toronto, the company was incorporated in 1990, and went public on the Toronto Stock Exchange in 1996, with additional shares being listed on the New York Stock Exchange beginning in 2005. The company formerly owned or had stakes in the Sadiola and Yatela gold mines in Mali, the Mupane gold mine in Botswana, the Niobec niobium mine in Quebec, as well as a royalty in the Diav...

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

IAG vs WES — Head-to-Head

Bigger by revenue
WES
WES
1.4× larger
WES
$1.0B
$724.2M
IAG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
IAG
IAG
WES
WES
Revenue
$724.2M
$1.0B
Net Profit
$190.7M
Gross Margin
35.4%
Operating Margin
29.7%
Net Margin
18.5%
Revenue YoY
11.0%
Net Profit YoY
-42.8%
EPS (diluted)

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
IAG
IAG
WES
WES
Q4 25
$1.0B
Q3 25
$952.3M
Q2 25
$724.2M
$942.1M
Q1 25
$338.9M
$916.9M
Q4 24
$928.4M
Q3 24
$883.1M
Q2 24
$465.0M
$905.4M
Q1 24
$226.2M
$887.3M
Net Profit
IAG
IAG
WES
WES
Q4 25
$190.7M
Q3 25
$339.6M
Q2 25
$341.7M
Q1 25
$309.0M
Q4 24
$333.6M
Q3 24
$288.5M
Q2 24
$378.6M
Q1 24
$572.8M
Gross Margin
IAG
IAG
WES
WES
Q4 25
Q3 25
Q2 25
35.4%
Q1 25
31.2%
Q4 24
Q3 24
Q2 24
15.0%
Q1 24
19.1%
Operating Margin
IAG
IAG
WES
WES
Q4 25
29.7%
Q3 25
46.4%
Q2 25
47.2%
Q1 25
44.7%
Q4 24
45.9%
Q3 24
44.8%
Q2 24
51.9%
Q1 24
76.6%
Net Margin
IAG
IAG
WES
WES
Q4 25
18.5%
Q3 25
35.7%
Q2 25
36.3%
Q1 25
33.7%
Q4 24
35.9%
Q3 24
32.7%
Q2 24
41.8%
Q1 24
64.6%

Balance Sheet & Financial Strength

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

Metric
IAG
IAG
WES
WES
Cash + ST InvestmentsLiquidity on hand
$819.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
Total Assets
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IAG
IAG
WES
WES
Q4 25
$819.5M
Q3 25
$177.3M
Q2 25
$129.7M
Q1 25
$448.4M
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$344.1M
Q1 24
$295.2M
Total Debt
IAG
IAG
WES
WES
Q4 25
$8.2B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.9B
Q2 24
$7.1B
Q1 24
$7.3B
Total Assets
IAG
IAG
WES
WES
Q4 25
$15.0B
Q3 25
$12.1B
Q2 25
$12.2B
Q1 25
$12.5B
Q4 24
$13.1B
Q3 24
$13.0B
Q2 24
$12.2B
Q1 24
$12.3B

Cash Flow & Capital Efficiency

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

Metric
IAG
IAG
WES
WES
Operating Cash FlowLast quarter
$557.6M
Free Cash FlowOCF − Capex
$335.4M
FCF MarginFCF / Revenue
32.6%
Capex IntensityCapex / Revenue
21.6%
Cash ConversionOCF / Net Profit
2.92×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IAG
IAG
WES
WES
Q4 25
$557.6M
Q3 25
$570.2M
Q2 25
$564.0M
Q1 25
$530.8M
Q4 24
$554.4M
Q3 24
$551.3M
Q2 24
$631.4M
Q1 24
$399.7M
Free Cash Flow
IAG
IAG
WES
WES
Q4 25
$335.4M
Q3 25
$385.5M
Q2 25
$385.4M
Q1 25
$388.4M
Q4 24
$315.7M
Q3 24
$361.9M
Q2 24
$419.6M
Q1 24
$205.9M
FCF Margin
IAG
IAG
WES
WES
Q4 25
32.6%
Q3 25
40.5%
Q2 25
40.9%
Q1 25
42.4%
Q4 24
34.0%
Q3 24
41.0%
Q2 24
46.3%
Q1 24
23.2%
Capex Intensity
IAG
IAG
WES
WES
Q4 25
21.6%
Q3 25
19.4%
Q2 25
19.0%
Q1 25
15.5%
Q4 24
25.7%
Q3 24
21.5%
Q2 24
23.4%
Q1 24
21.8%
Cash Conversion
IAG
IAG
WES
WES
Q4 25
2.92×
Q3 25
1.68×
Q2 25
1.65×
Q1 25
1.72×
Q4 24
1.66×
Q3 24
1.91×
Q2 24
1.67×
Q1 24
0.70×

Financial Flow Comparison

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

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