Last 47 quarters of trend data · Basic Materials · Gold
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 18.57 | 3.34 | 8.09 | 10.25 | 95.93 | 9.02 | 18.22 | — | — | — | 21.53 | — | — | 13.77 | 12.37 | 5.95 | — | 23.94 | 15.10 | 7.56 | 7.13 |
| — | -63.0% | -55.6% | — | — | — | -15.4% | — | — | — | +74.0% | — | — | -42.5% | -18.0% | -21.3% | — | +45.1% | +21.8% | -13.6% | +9.3% | |
| P/S Ratio | 2.26 | 1.81 | 1.49 | 1.73 | 2.34 | 1.93 | 1.97 | 1.60 | 2.25 | 1.79 | 1.85 | 2.01 | 1.96 | 2.38 | 2.25 | 1.62 | 2.18 | 2.37 | 3.33 | 1.98 | 1.78 |
| — | -6.0% | -24.4% | +7.8% | +4.0% | +7.5% | +6.4% | -20.1% | +14.8% | -24.9% | -17.8% | +24.0% | -10.1% | +0.6% | -32.6% | -18.3% | +22.9% | -23.2% | +5.6% | -36.3% | -50.1% | |
| P/B Ratio | 2.12 | 1.39 | 1.83 | 2.01 | 2.18 | 1.61 | 1.32 | 1.06 | 1.27 | 0.92 | 0.87 | 1.06 | 0.93 | 1.09 | 1.35 | 1.23 | 1.16 | 1.21 | 1.62 | 1.41 | 1.28 |
| — | -13.3% | +38.4% | +89.8% | +71.8% | +75.1% | +51.9% | +0.0% | +36.9% | -15.5% | -35.4% | -14.3% | -20.2% | -9.9% | -17.0% | -12.5% | -9.4% | -26.2% | -3.8% | -37.1% | -53.2% | |
| P/FCF | 104.38 | — | 4.73 | 14.28 | — | 77.83 | — | — | — | — | 1.79 | — | — | 86.55 | 11.52 | 6.10 | 3.50 | — | 30.96 | 6.78 | 3.74 |
| — | — | — | — | — | — | — | — | — | — | -84.5% | — | — | — | -62.8% | -9.9% | -6.3% | — | +141.8% | -50.4% | -44.4% | |
| EV / EBITDA | 3.89 | 3.67 | 2.34 | 2.79 | 4.18 | 3.25 | 3.63 | 3.56 | — | 6.17 | 2.95 | 13.54 | 6.83 | 3.98 | 3.33 | 2.23 | 4.95 | 4.33 | 5.48 | 2.48 | 2.40 |
| — | +12.9% | -35.5% | -21.6% | — | -47.3% | +23.0% | -73.7% | — | +54.9% | -11.4% | +505.9% | +38.0% | -8.1% | -39.3% | -10.0% | +106.5% | -22.8% | +14.4% | -44.3% | -27.0% | |
| EV / EBIT | 5.11 | 5.25 | 3.33 | 4.93 | 9.39 | 4.68 | 7.73 | 6.94 | — | 24.60 | 5.17 | — | 23.16 | 6.22 | 5.05 | 3.41 | 14.90 | 7.49 | 7.46 | 3.84 | 3.53 |
| — | +12.1% | -56.9% | -28.9% | — | -81.0% | +49.4% | — | — | +295.4% | +2.4% | — | +55.4% | -16.9% | -32.3% | -11.2% | +321.7% | -15.2% | +10.3% | -33.4% | -8.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.0% | 39.1% | 52.6% | 52.3% | 49.9% | 50.8% | 44.7% | 34.8% | 30.1% | 43.3% | 39.9% | 40.1% | 35.7% | 40.4% | 45.1% | 44.0% | 21.9% | 30.9% | 38.2% | 47.1% | 46.0% |
| — | -23.1% | +17.8% | +50.3% | +65.7% | +17.3% | +11.9% | -13.3% | -15.7% | +7.1% | -11.5% | -8.8% | +62.9% | +30.9% | +18.1% | -6.6% | -52.4% | -12.6% | -12.1% | -11.8% | -17.4% | |
| Operating Margin | 45.9% | 35.5% | 50.1% | 50.4% | 44.7% | 45.8% | 38.7% | 27.6% | -125.4% | 6.3% | 33.5% | -6.9% | 5.8% | 33.8% | 37.1% | 39.2% | 13.9% | 25.6% | 32.3% | 45.1% | 42.8% |
| — | -22.5% | +29.4% | +82.4% | +135.7% | +632.8% | +15.5% | +502.0% | -2277.7% | -81.5% | -9.8% | -117.6% | -58.5% | +32.0% | +15.0% | -13.2% | -67.5% | -14.4% | -22.1% | -8.0% | -51.2% | |
| Net Margin | 13.1% | 52.9% | 17.3% | 16.2% | 2.5% | 22.3% | 10.8% | -2.4% | -141.4% | -4.9% | 8.6% | -22.1% | -9.0% | 17.1% | 18.2% | 26.6% | -6.0% | 9.9% | 22.1% | 26.0% | 24.1% |
| — | +137.0% | +59.4% | +780.8% | +101.7% | +557.8% | +25.6% | +89.3% | -1468.8% | -128.5% | -52.5% | -183.1% | -51.1% | +72.6% | -17.8% | +2.3% | -124.7% | -47.5% | -12.6% | -25.9% | -55.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.1% | 10.5% | 5.4% | 4.9% | 0.6% | 4.8% | 1.9% | -0.4% | -18.0% | -0.6% | 1.0% | -2.9% | -1.1% | 2.2% | 2.7% | 5.2% | -0.8% | 1.3% | 2.7% | 4.7% | 4.4% |
| — | +121.3% | +188.8% | +1374.8% | +103.2% | +870.4% | +82.5% | +86.6% | -1612.2% | -128.0% | -62.9% | -154.8% | -33.9% | +75.2% | +1.3% | +10.0% | -117.8% | -49.9% | -20.5% | -27.0% | -59.5% | |
| ROA | 7.5% | 6.9% | 3.3% | 3.0% | 0.4% | 3.0% | 1.2% | -0.2% | -12.7% | -0.5% | 0.8% | -2.3% | -0.9% | 1.9% | 2.3% | 4.4% | -0.7% | 1.1% | 2.3% | 3.9% | 3.7% |
| — | +133.7% | +186.3% | +1292.0% | +102.8% | +747.8% | +48.3% | +89.4% | -1340.1% | -124.8% | -66.0% | -153.2% | -33.3% | +75.0% | +2.0% | +11.7% | -118.0% | -48.3% | -16.4% | -23.5% | -55.0% | |
| ROIC | 30.0% | 5.2% | 11.2% | 10.6% | 7.4% | 7.1% | 4.8% | 3.3% | -12.9% | 0.7% | 3.2% | -0.7% | 0.6% | 3.8% | 5.2% | 7.0% | 1.7% | 3.0% | 3.7% | 7.5% | 6.8% |
| — | -27.1% | +132.7% | +220.2% | +157.6% | +947.1% | +49.4% | +574.0% | -2431.2% | -82.3% | -38.1% | -110.0% | -66.6% | +28.5% | +41.2% | -7.3% | -75.7% | -12.9% | -24.6% | -3.7% | -53.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.11 | 0.14 | 0.17 | 0.19 | 0.13 | 0.13 | 0.14 | 0.12 | 0.01 | 0.01 | 0.05 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 |
| — | -13.0% | +4.5% | +20.0% | +61.3% | +1143.0% | +1063.9% | +193.6% | +864.1% | -21.6% | -26.2% | +167.2% | -42.2% | -39.6% | -35.3% | -27.5% | -28.8% | -34.9% | -34.6% | -38.6% | +53.0% | |
| Debt / EBITDA | 0.34 | 1.16 | 0.71 | 0.93 | 1.40 | 1.03 | 1.44 | 1.89 | — | 0.32 | 0.18 | 2.59 | 0.39 | 0.22 | 0.18 | 0.16 | 0.42 | 0.37 | 0.37 | 0.21 | 0.25 |
| — | +12.5% | -50.5% | -50.6% | — | +221.3% | +680.4% | -27.2% | — | +47.2% | +2.1% | +1542.1% | -7.7% | -41.3% | -51.1% | -24.4% | +64.8% | -25.5% | -19.8% | -40.6% | +160.8% | |
| Current Ratio | 1.06 | 1.58 | 1.19 | 1.06 | 1.03 | 0.98 | 1.22 | 1.55 | 1.83 | 2.93 | 2.99 | 2.27 | 2.18 | 2.79 | 4.00 | 4.43 | 5.21 | 4.64 | 5.17 | 4.52 | 4.89 |
| — | +61.3% | -2.2% | -31.5% | -43.6% | -66.5% | -59.2% | -31.5% | -15.8% | +5.2% | -25.3% | -48.8% | -58.2% | -39.9% | -22.6% | -2.1% | +6.6% | +8.1% | +77.6% | +69.7% | +117.3% | |
| Quick Ratio | 0.47 | 0.58 | 0.59 | 0.47 | 0.46 | 0.40 | 0.54 | 0.73 | 1.08 | 1.74 | 1.97 | 1.16 | 1.12 | 1.72 | 2.69 | 3.01 | 3.51 | 3.25 | 3.81 | 3.35 | 3.54 |
| — | +44.9% | +8.1% | -35.2% | -57.9% | -76.9% | -72.4% | -37.1% | -3.4% | +0.8% | -26.8% | -61.4% | -68.0% | -47.0% | -29.3% | -10.1% | -0.9% | +19.0% | +87.8% | +82.5% | +147.7% | |
| Interest Coverage | 26.91 | 18.23 | 28.28 | 17.07 | 42.82 | 60.00 | 24.20 | 10.99 | -81.07 | 4.22 | 14.59 | -10.54 | 11.81 | 55.67 | 61.44 | 83.10 | 18.23 | 38.45 | 55.80 | 84.81 | 71.98 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying BTG stock.
B2Gold Corp.'s current P/E is 18.6x. The average P/E over the last 4 quarters is 29.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
B2Gold Corp.'s current operating margin is 45.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking B2Gold Corp.'s business trajectory between earnings reports.