Revenue momentum remains strong with 49.9% year-over-year growth in 2026Q1, while gross margins have expanded significantly to 54.5% compared to 31.2% in early 2024.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 2B | 1.85B | 1.32B | 1.01B | 871.46M | 943.47M | 1.03B | 615.92M | 459.02M | 391.41M | 432.73M | 863.29M | 1.07B | 1.12B | 1.15B | 1.1B | 791.17M | 360.73M | 288.23M | 188.69M | 84.69M | 33.8M | 35.91M | 38.23M | 39.3M | 34.47M | 51.45M | 60.48M | 64.67M | 67.16M | 39.91M |
| Revenue Growth % | 40.95% | 39.93% | 30.94% | 15.91% | -7.63% | -8.1% | 66.69% | 34.18% | 17.27% | -9.55% | -49.87% | -19.16% | -4.99% | -2.05% | 4.42% | 38.9% | 119.33% | 25.15% | 52.75% | 122.8% | 150.58% | -5.9% | -6.06% | -2.71% | 14.01% | -33.01% | -14.93% | -6.47% | -3.7% | 68.26% | 255.69% |
| Cost of Goods Sold | 1.01B | 1.02B | 575.43M | 740.03M | 699.77M | 650.71M | 663.27M | 487.96M | 375.18M | 265.31M | 269.56M | 660.82M | 698.98M | 630.96M | 541.48M | 499.67M | 306.98M | 147.01M | 104.32M | 84.32M | 58.57M | 42.76M | 36.59M | 24.56M | 20.11M | 23.26M | 34.55M | 40.58M | 49.03M | 70.09M | 29.77M |
| COGS % of Revenue | - | 55.13% | 43.51% | 73.26% | 80.3% | 68.97% | 64.6% | 79.22% | 81.74% | 67.78% | 62.29% | 76.55% | 65.45% | 56.14% | 47.19% | 45.47% | 38.8% | 40.75% | 36.19% | 44.69% | 69.16% | 126.53% | 101.89% | 64.24% | 51.16% | 67.49% | 67.15% | 67.09% | 75.82% | 104.38% | 74.59% |
| Gross Profit | 988.83M | 830.5M | 747.15M | 270.06M | 171.69M | 292.77M | 363.42M | 127.96M | 83.84M | 126.09M | 163.17M | 202.47M | 368.92M | 493.03M | 606.07M | 599.26M | 484.19M | 213.72M | 183.91M | 104.37M | 26.12M | -8.97M | -680K | 13.67M | 19.19M | 11.21M | 16.9M | 19.91M | 15.63M | -2.94M | 10.14M |
| Gross Margin % | 49.44% | 44.87% | 56.49% | 26.74% | 19.7% | 31.03% | 35.4% | 20.78% | 18.26% | 32.22% | 37.71% | 23.45% | 34.55% | 43.86% | 52.81% | 54.53% | 61.2% | 59.25% | 63.81% | 55.31% | 30.84% | -26.53% | -1.89% | 35.76% | 48.84% | 32.51% | 32.85% | 32.91% | 24.18% | -4.38% | 25.41% |
| Gross Profit Growth % | - | 11.15% | 176.66% | 57.3% | -41.36% | -19.44% | 184% | 52.63% | -33.51% | -22.72% | -19.41% | -45.12% | -25.17% | -18.65% | 1.14% | 23.76% | 126.56% | 16.21% | 76.21% | 299.57% | 391.29% | -1218.68% | -104.97% | -28.77% | 71.25% | -33.7% | -15.1% | 27.33% | 632.12% | -128.97% | 116.08% |
| Operating Expenses | 112.21M | 63.01M | 327.76M | 88.06M | 130.01M | 74.88M | 102.89M | -18.87M | 109.74M | 118.05M | 90.72M | 104.25M | 107.15M | 126.28M | 135.19M | 82.59M | 182.92M | 68.51M | 64.29M | 46.84M | 20.79M | 24.73M | 13.68M | 17.11M | 13.57M | 12.29M | 15.2M | 14.72M | 19.7M | 26.79M | 11.89M |
| OpEx % of Revenue | - | 3.4% | 24.78% | 8.72% | 14.92% | 7.94% | 10.02% | -3.06% | 23.91% | 30.16% | 20.96% | 12.08% | 10.03% | 11.24% | 11.78% | 7.52% | 23.12% | 18.99% | 22.31% | 24.82% | 24.55% | 73.19% | 38.1% | 44.75% | 34.55% | 35.65% | 29.55% | 24.34% | 30.47% | 39.9% | 29.8% |
| Selling, General & Admin | 72.54M | 63.01M | 75.48M | 54.21M | 53.74M | 45.78M | 42.07M | 42.29M | 57.35M | 69.24M | 54.01M | 73.74M | 88.59M | 90.26M | 93.83M | 81.05M | 61.33M | 32.53M | 38.3M | 26.8M | 19.03M | 14.94M | 9.25M | 6.79M | 3.24M | 3.3M | 3.84M | 4.01M | 6.07M | 12.17M | 5.33M |
| SG&A % of Revenue | - | 3.4% | 5.71% | 5.37% | 6.17% | 4.85% | 4.1% | 6.87% | 12.49% | 17.69% | 12.48% | 8.54% | 8.3% | 8.03% | 8.18% | 7.38% | 7.75% | 9.02% | 13.29% | 14.2% | 22.47% | 44.2% | 25.76% | 17.75% | 8.24% | 9.56% | 7.46% | 6.63% | 9.39% | 18.13% | 13.35% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | 0 | 252.28M | 33.84M | 76.27M | 29.1M | 60.82M | -61.17M | 16.15M | 17.57M | 243K | 5.66M | 9.44M | 6.2M | 6.87M | 1.55M | 108.36M | 35.98M | 26M | 20.04M | 1.76M | 9.8M | 4.43M | 10.32M | 10.34M | 8.99M | 11.37M | 10.71M | 13.63M | 14.62M | 6.57M |
| Operating Income | 876.62M | 767.49M | 419.39M | 182.01M | 41.68M | 217.89M | 260.52M | 146.84M | -476.77M | -38.54M | 67.01M | -1.81B | 256.93M | -447.13M | 454.25M | 512.85M | 301.28M | 145.2M | 119.62M | 57.53M | 3.14M | -33.7M | -14.36M | -3.44M | 5.2M | -1.49M | 1.94M | 4.98M | -108.08M | -107.03M | -1.75M |
| Operating Margin % | 43.83% | 41.47% | 31.71% | 18.02% | 4.78% | 23.09% | 25.38% | 23.84% | -103.87% | -9.85% | 15.49% | -210.16% | 24.06% | -39.78% | 39.58% | 46.67% | 38.08% | 40.25% | 41.5% | 30.49% | 3.71% | -99.72% | -39.99% | -8.99% | 13.24% | -4.31% | 3.76% | 8.23% | -167.13% | -159.38% | -4.39% |
| Operating Income Growth % | - | 83% | 130.42% | 336.69% | -80.87% | -16.36% | 77.42% | 130.8% | -1137.05% | -157.52% | 103.69% | -806.15% | 157.46% | -198.43% | -11.43% | 70.22% | 107.49% | 21.39% | 107.91% | 1731.65% | 109.32% | -134.66% | -317.86% | -166.08% | 449.77% | -176.82% | -61.11% | 104.6% | -0.98% | -6011.88% | 14.72% |
| EBITDA | 1.13B | 1.04B | 674.53M | 446.33M | 284.07M | 419.83M | 480.75M | 302.17M | -374.5M | 38.26M | 142.77M | -1.64B | 434.15M | -298.06M | 567.78M | 635.26M | 408.07M | 183.86M | 145.61M | 77.57M | 4.9M | -23.9M | -9.6M | 4.6M | 11.99M | 4.71M | 13.3M | 15.69M | -94.45M | -92.41M | 4.82M |
| EBITDA Margin % | 56.71% | 56.12% | 51% | 44.19% | 32.6% | 44.5% | 46.83% | 49.06% | -81.59% | 9.78% | 32.99% | -189.43% | 40.65% | -26.52% | 49.48% | 57.81% | 51.58% | 50.97% | 50.52% | 41.11% | 5.79% | -70.73% | -26.74% | 12.03% | 30.51% | 13.67% | 25.86% | 25.94% | -146.05% | -137.6% | 12.07% |
| EBITDA Growth % | 55.39% | 53.97% | 51.13% | 57.12% | -32.34% | -12.67% | 59.1% | 180.69% | -1078.8% | -73.2% | 108.73% | -476.66% | 245.66% | -152.5% | -10.62% | 55.67% | 121.95% | 26.27% | 87.71% | 1481.81% | 120.52% | -148.95% | -308.78% | -61.64% | 154.37% | -64.57% | -15.21% | 116.61% | -2.21% | -2018.91% | 1413.26% |
| D&A (Non-Cash Add-back) | 257.68M | 271.08M | 255.14M | 264.32M | 242.39M | 201.94M | 220.22M | 155.33M | 102.27M | 76.8M | 75.76M | 178.98M | 177.23M | 149.07M | 113.53M | 122.41M | 106.79M | 38.66M | 26M | 20.04M | 1.76M | 9.8M | 4.76M | 8.04M | 6.79M | 6.2M | 11.37M | 10.71M | 13.63M | 14.62M | 6.57M |
| EBIT | 773.32M | 582M | 415.35M | 193.87M | 47.07M | 225.18M | 257.07M | 156.85M | -462.53M | 3.99M | 57.75M | -1.83B | 250.85M | -471.15M | 450.54M | 517.02M | 333.49M | 147.75M | 184.19M | 57.53M | 5.33M | -33.7M | -14.36M | -3.44M | 5.62M | 33.52M | 1.7M | 5.18M | -4.07M | -29.73M | -1.75M |
| Net Interest Income | 4.79M | 6.04M | 3.83M | -6.55M | -26.36M | -64.97M | -49.43M | -44.82M | 12.55M | -3.2M | -9.76M | -9.57M | -23.04M | -34.1M | -6.98M | -5.33M | -8.09M | 1.44M | 7.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 33.12M | 34.2M | 23.95M | 23.95M | 8.86M | 2.83M | 1.31M | 3.23M | 16.15M | 0 | 0 | 0 | 0 | 0 | 27.71K | 0 | 0 | 2.26M | 10.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 28.33M | 28.16M | 20.12M | 30.51M | 35.22M | 67.71M | 50.74M | 48.05M | 874.6M | 3.2M | 9.76M | 9.57M | 23.04M | 34.1M | 4.2M | 5.33M | 8.09M | 824K | 2.94M | 0 | 1.29M | 29.77M | 433K | 79.99M | 7.11M | 5.77M | 0 | 0 | 228.76M | 156.77M | 0 |
| Other Income/Expense | -125.66M | -213.64M | 16M | -18.64M | -29.82M | -60.43M | -54.2M | -33.38M | 10.64M | 39.33M | -18.31M | 2.39M | -26.11M | -58.13M | -7.92M | -4.84M | -5.1M | 1.72M | 67.35M | -30K | 743K | -14.93M | -229K | -39.13M | -1.94M | -2.04M | -538.74K | 483.86K | -12.15M | -3.15M | 218.9K |
| Pretax Income | 750.96M | 553.85M | 435.39M | 163.37M | 11.86M | 157.46M | 206.33M | 113.46M | -466.13M | 792K | 48.7M | -1.83B | 227.81M | -505.25M | 446.33M | 512.81M | 313.29M | 146.92M | 176.16M | 57.5M | 3.89M | -48.63M | -14.59M | -42.57M | 3.26M | -3.53M | 1.4M | 5.46M | -120.23M | -110.18M | -1.53M |
| Pretax Margin % | 37.55% | 29.93% | 32.92% | 16.17% | 1.36% | 16.69% | 20.1% | 18.42% | -101.55% | 0.2% | 11.25% | -211.92% | 21.33% | -44.95% | 38.89% | 46.66% | 39.6% | 40.73% | 61.12% | 30.47% | 4.59% | -143.89% | -40.63% | -111.36% | 8.29% | -10.24% | 2.71% | 9.03% | -185.91% | -164.06% | -3.84% |
| Income Tax | 164.59M | 22.45M | 134.76M | 57.58M | 61.22M | 138.07M | 82.36M | 39.77M | -86.5M | 19.38M | 56.2M | -184.37M | 121.27M | 144.36M | 128.28M | 165.59M | 89.77M | 41.89M | 12.5M | 22.08M | 589K | 495K | -649K | 2.46M | 1.12M | 358.08K | 290.7K | 69.12K | 1.23M | 979.36K | 72.97K |
| Effective Tax Rate % | 21.92% | 4.05% | 30.95% | 35.24% | 516.4% | 87.69% | 39.92% | 35.05% | 18.56% | 2447.35% | 115.42% | 10.08% | 53.23% | -28.57% | 28.74% | 32.29% | 28.65% | 28.51% | 7.1% | 38.4% | 15.15% | -1.02% | 4.45% | -5.79% | 34.42% | -10.15% | 20.81% | 1.27% | -1.02% | -0.89% | -4.76% |
| Net Income | 574.31M | 516.14M | 289.12M | 104.63M | -353.82M | -136.02M | 124.8M | 80.59M | -361.88M | -9.94M | -344.15M | -1.54B | 102.61M | -653.33M | 305.3M | 318.66M | 206.06M | 102.4M | 163.66M | 35.42M | 3.3M | -49.13M | -13.94M | -45.03M | 2.14M | -3.89M | 1.11M | 5.39M | -121.45M | -111.16M | -1.61M |
| Net Margin % | 28.71% | 27.89% | 21.86% | 10.36% | -40.6% | -14.42% | 12.16% | 13.08% | -78.84% | -2.54% | -79.53% | -178.49% | 9.61% | -58.13% | 26.6% | 29% | 26.05% | 28.39% | 56.78% | 18.77% | 3.9% | -145.36% | -38.82% | -117.8% | 5.44% | -11.28% | 2.15% | 8.91% | -187.81% | -165.52% | -4.02% |
| Net Income Growth % | 75.14% | 78.52% | 176.33% | 129.57% | -160.13% | -208.99% | 54.86% | 122.27% | -3542.52% | 97.11% | 77.67% | -1601.74% | 115.71% | -313.99% | -4.19% | 54.64% | 101.23% | -37.43% | 362.04% | 973.33% | 106.72% | -252.36% | 69.04% | -2208.38% | 154.95% | -451.44% | -79.48% | 104.44% | -9.26% | -6824.62% | 33.67% |
| Net Income (Continuing) | 586.38M | 531.39M | 300.64M | 105.79M | -49.37M | 19.39M | 123.97M | 73.69M | -379.63M | -18.59M | -7.51M | -1.62B | 106.54M | -649.62M | 318.06M | 347.22M | 238.46M | 105.03M | 168.75M | 35.42M | 3.3M | -49.13M | -13.94M | -45.03M | 2.14M | -3.89M | 1.11M | 5.39M | -121.45M | -111.16M | -1.61M |
| Discontinued Operations | -2.51M | -12.82M | -11.79M | -4.41M | -377.49M | -155.1M | -6.35M | 0 | 0 | 0 | 0 | -22.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 2.97M | 3.78M | -8.14M | -6.15M | -3.2M | 69.56M | 40.87M | 59.3M | 63.41M | 79.94M | 88.79M | 169.75M | 305.41M | 273.13M | 284.1M | 56.49M | 36.02M | 26.14M | 4.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.86 | 2.51 | 1.41 | 0.54 | -2.23 | -0.74 | 0.76 | 0.51 | -2.28 | -0.07 | -2.40 | -10.75 | 0.70 | -4.57 | 2.20 | 2.90 | 1.90 | 1.30 | 2.30 | 0.50 | 0.05 | -0.86 | -0.27 | -1.02 | 0.05 | -0.12 | 0.03 | 0.35 | -8.30 | -7.59 | -0.26 |
| EPS Growth % | 77.5% | 78.01% | 161.11% | 124.22% | -201.35% | -197.37% | 49.02% | 122.37% | -3354.55% | 97.25% | 77.67% | -1635.71% | 115.32% | -307.73% | -24.14% | 52.63% | 46.15% | -43.48% | 360% | 900% | 105.81% | -218.52% | 73.53% | -2140% | 141.67% | -460.36% | -90.49% | 104.22% | -9.35% | -2819.23% | 67.9% |
| EPS (Basic) | - | 2.54 | 1.42 | 0.54 | -2.23 | -0.74 | 0.77 | 0.52 | -2.28 | -0.07 | -2.40 | -10.75 | 0.70 | -4.57 | 2.20 | 2.90 | 1.90 | 1.30 | 2.30 | 0.50 | 0.05 | -0.86 | -0.27 | -1.02 | 0.05 | -0.12 | 0.03 | 0.35 | -8.30 | -7.59 | -0.26 |
| Diluted Shares Outstanding | 200.87M | 205.41M | 205.54M | 195.33M | 183.45M | 180.3M | 175.23M | 161.54M | 158.51M | 150.53M | 143.32M | 143.32M | 143.26M | 143.04M | 138.13M | 110.33M | 109.17M | 78.34M | 71.26M | 68.92M | 67.84M | 56.8M | 51.53M | 44.35M | 29.52M | 33.22M | 33.22M | 14.7M | 14.63M | 14.65M | 6.29M |
| Basic Shares Outstanding | 197.73M | 203.02M | 203.98M | 193.76M | 183.45M | 180.3M | 171.05M | 158.86M | 158.51M | 150.53M | 143.32M | 143.32M | 143.26M | 143.04M | 137.8M | 109.96M | 108.57M | 77.88M | 71.03M | 68.64M | 67.48M | 56.8M | 51.53M | 44.35M | 29.52M | 33.22M | 33.22M | 14.7M | 14.63M | 14.65M | 6.29M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | 12.68% | - | 30.51% | 18.65% | 12.79% | 0.15% | 0.18% | - | - | - | - | - | - | - | - | - | - | - | - |
Geopolitical and jurisdictional concentration
As reported in recent financial statements, Eldorado Gold achieved a 49.9% year-over-year revenue growth in 2026Q1, signaling a robust acceleration in top-line performance that appears to be driven by a combination of favorable realized gold prices and increased throughput across its core operating segments.
The consistent double-digit revenue growth observed over the last ten quarters suggests that the company is successfully capturing the upside of the current gold cycle. Investors should monitor whether this trajectory remains sustainable as the company integrates the Skouries project, which may shift the revenue mix toward a gold-copper hybrid profile.
Based on the provided income statement data, Eldorado's gross margin reached 54.5% in 2026Q1, reflecting a significant improvement from the 31.2% levels seen in early 2024 and suggesting enhanced operational efficiency at its primary heap leach and underground mining facilities.
This margin expansion appears to indicate that management is effectively controlling input costs despite inflationary pressures in energy and labor. The ability to maintain such margins suggests strong pricing power, though future performance may depend on the company's success in managing the cost structures of its newer development assets.
According to the latest quarterly figures, operating income has scaled significantly to $261.4 million in 2026Q1, demonstrating that Eldorado is successfully leveraging its fixed-cost base as revenue growth outpaces the incremental increases in overhead and administrative expenses.
The widening gap between gross profit and operating income suggests that the company is achieving economies of scale, particularly as production volumes increase. This trend warrants further investigation into whether SG&A discipline can be maintained as the company ramps up capital-intensive projects in the Mediterranean region.
While the company reports strong financial results, the concentration of growth in the Skouries project and exposure to Turkish macro volatility, as noted in recent filings, presents a significant risk that could lead to future earnings volatility if development timelines or local tax regimes shift.
Short-term margin gains may be masking the underlying risks associated with the company's heavy reliance on specific geographic regions. Investors should remain cautious regarding the potential for non-cash impairment charges or regulatory hurdles that could disrupt the current positive earnings trajectory.
Quick answers to the most common questions about buying EGO stock.
For fiscal year 2025, Eldorado Gold Corporation (EGO) reported total revenue of $1.85B. This represents a 4536.9% increase compared to $39.9M in 1996.
Eldorado Gold Corporation (EGO) is profitable, generating $516.1M in net income for the fiscal year ending 2025 with a net profit margin of 27.9%.
Eldorado Gold Corporation (EGO) reported an operating income of $767.5M, resulting in an operating profit margin of 41.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Eldorado Gold Corporation (EGO) generated $830.5M in gross profit for the year, representing a gross profit margin of 44.9%. This demonstrates the company's core pricing power and production efficiency.