Market cap
$7,107 Mln
Revenue (TTM)
$3,749 Mln
P/E Ratio
9.4
P/B Ratio
1.8
Div. Yield
1.5 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -32.67 | 11.14 | 72.57 | 24.78 | 17.25 |
| EBIT | -46.73 | -6.14 | 8,759.37 | 29.66 | 7.80 |
| Net Profit | 111.14 | 173.10 | 271.57 | 45.17 | -4.00 |
| EPS | 107.87 | 161.12 | 249.94 | 24.91 | -1.22 |
| Book Value | -- | -- | -2.21 | -7.45 | -1.69 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 12.00 | 21.83 | 36.58 | 33.14 | -14.43 |
| Net Margin
| -- | -- | 21.17 | -- | -- |
| Return on equity
| -2.02 | 3.61 | 20.45 | 12.24 | -18.60 |
| Return on Capital
| -2.07 | 3.44 | -- | 10.53 | -17.02 |
| Return on Assets
| -1.76 | 2.77 | 12.49 | 7.53 | -13.04 |
| Debt to Equity (x)
| -- | -- | 0.10 | 0.18 | 0.15 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
--
|
10.53
|
-17.02
|
0.29
|
8.44
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
20.45
Higher than Peers by 12.76
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
20.45
|
12.24
|
-18.60
|
0.30
|
8.63
|
|
Peer Median
|
7.69
|
--
|
--
|
--
|
--
|
ROA
12.49
Higher than Peers by 6.92
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
12.49
|
7.53
|
-13.04
|
0.24
|
6.99
|
|
Peer Median
|
5.57
|
--
|
--
|
--
|
--
|
EBIT Margin
36.58
Lower than Peers by 0.04
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
36.58
|
33.14
|
-14.43
|
17.28
|
31.25
|
|
Peer Median
|
36.62
|
--
|
--
|
--
|
--
|
Net Margin
21.17
Higher than Peers by 0.64
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
21.17
|
13.13
|
-33.12
|
0.52
|
14.60
|
|
Peer Median
|
20.54
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
72.57
Higher than Peers by 39.38
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
72.57
|
0.61
|
-0.02
|
0.12
|
-0.02
|
|
Peer Median
|
33.20
|
--
|
--
|
--
|
--
|
EBIT Growth
8,759.37
Higher than Peers by 8,675.21
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
8,759.37
|
469.75
|
-182.09
|
-38.27
|
-26.63
|
|
Peer Median
|
84.17
|
--
|
--
|
--
|
--
|
Net Profit Growth
271.57
Higher than Peers by 171.71
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
271.57
|
163.81
|
-6,338.40
|
-96.01
|
-39.80
|
|
Peer Median
|
99.86
|
--
|
--
|
--
|
--
|
EPS Growth
249.94
Higher than Peers by 150.82
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
249.94
|
1.52
|
-62.76
|
-0.97
|
-0.41
|
|
Peer Median
|
99.13
|
--
|
--
|
--
|
--
|
Book Value Growth
20.27
Higher than Peers by 11.63
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
20.27
|
--
|
--
|
--
|
--
|
|
Peer Median
|
8.64
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.10
Higher than Peers by 0.01
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
0.10
|
0.18
|
0.15
|
0.05
|
0.02
|
|
Peer Median
|
0.09
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.01
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
0.01
|
0.01
|
0.01
|
0.00
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.58
Lower than Peers by 1.31
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
1.58
|
1.06
|
1.55
|
2.27
|
4.43
|
|
Peer Median
|
2.89
|
--
|
--
|
--
|
--
|
Quick Ratio
0.58
Lower than Peers by 1.75
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
0.58
|
0.47
|
0.73
|
1.16
|
3.01
|
|
Peer Median
|
2.33
|
--
|
--
|
--
|
--
|
Interest Coverage
28.61
Higher than Peers by 12.90
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
28.61
|
26.91
|
-7.87
|
24.00
|
49.94
|
|
Peer Median
|
15.71
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
2.23
Lower than Peers by 0.97
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
2.23
|
2.95
|
3.49
|
2.50
|
2.50
|
|
Peer Median
|
3.21
|
--
|
--
|
--
|
--
|
Asset Turnover
0.59
Higher than Peers by 0.30
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
0.59
|
0.57
|
0.39
|
0.45
|
0.48
|
|
Peer Median
|
0.29
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
--
|
9.35
|
11.03
|
8.66
|
9.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
--
|
131.66
|
125.54
|
107.05
|
97.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
--
|
39.47
|
49.25
|
44.46
|
36.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
--
|
101.55
|
87.32
|
71.25
|
70.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
9.44
Lower than Peers by 8.35
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
9.44
|
18.14
|
-5.09
|
407.10
|
15.17
|
|
Peer Median
|
17.79
|
--
|
--
|
--
|
--
|
Price / Book Value
1.75
Lower than Peers by 1.92
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
1.75
|
2.03
|
1.08
|
1.08
|
1.28
|
|
Peer Median
|
3.68
|
--
|
--
|
--
|
--
|
Dividend Yield
1.52
Higher than Peers by 1.16
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
1.52
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.36
|
--
|
--
|
--
|
--
|
EV/EBITDA
3.11
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
3.11
|
5.18
|
35.42
|
5.43
|
3.50
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
7,107
Higher than Peers by 6,397
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
B2Gold Corp (Canada) (BTG)
|
7,107
|
--
|
--
|
--
|
--
|
|
Peer Median
|
711
|
--
|
--
|
--
|
--
|