Last 47 quarters of trend data · Basic Materials · Gold
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
New Gold Inc.'s quarterly P/E stands at 2.6x, down 70.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 27.0% YoY to 5.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 64.86 | 2.59 | 9.97 | 14.29 | — | 8.91 | 15.13 | 6.85 | — | — | — | — | — |
| — | -70.9% | -34.1% | +108.7% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 7.78 | 3.48 | 3.19 | 3.20 | 3.51 | 1.89 | 2.27 | 1.66 | 1.52 | 1.26 | 0.77 | 1.00 | 0.93 |
| — | +84.8% | +40.3% | +92.2% | +130.7% | +50.2% | +194.0% | +66.4% | +63.4% | +22.2% | -22.1% | -36.6% | -46.9% | |
| P/B Ratio | 6.49 | 3.62 | 4.63 | 3.57 | 2.84 | 1.88 | 2.30 | 1.52 | 1.59 | 1.27 | 0.71 | 0.83 | 0.85 |
| — | +92.5% | +101.2% | +134.4% | +78.8% | +47.5% | +224.6% | +83.0% | +85.9% | +82.7% | +19.9% | +14.2% | -34.9% | |
| P/FCF | 59.07 | 6.67 | 6.95 | — | 22.72 | 15.06 | 11.79 | 12.88 | — | 25.00 | 11.37 | — | — |
| — | -55.7% | -41.1% | — | — | -39.8% | +3.8% | — | — | — | — | — | — | |
| EV / EBITDA | 17.69 | 5.39 | 5.15 | 6.12 | 10.16 | 4.24 | 5.19 | 4.70 | 4.54 | 4.99 | 2.46 | 3.54 | 3.09 |
| — | +27.0% | -0.7% | +30.2% | +123.8% | -15.1% | +110.8% | +32.6% | +47.0% | -16.2% | -42.6% | -56.8% | -36.2% | |
| EV / EBIT | 41.05 | 2.54 | 8.23 | 13.31 | 323.19 | 7.87 | 19.46 | 18.97 | — | — | 34.06 | 1205.20 | 12.08 |
| — | -67.7% | -57.7% | -29.9% | — | — | -42.9% | -98.4% | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
New Gold Inc.'s operating margin was 56.6% in Q4 2025, up 7.3 pp QoQ and up 27.1 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 38.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 94.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.2% | 69.1% | 52.4% | 42.6% | 23.2% | 35.5% | 34.2% | 17.8% | 11.8% | 39.4% | 17.4% | 13.7% | 14.5% |
| — | +94.7% | +53.5% | +139.0% | +97.2% | -9.8% | +96.5% | +30.5% | -19.1% | +18.0% | +921.5% | +594.1% | -17.3% | |
| Operating Margin | 44.4% | 56.6% | 49.2% | 36.6% | 10.5% | 29.4% | 26.2% | 11.0% | 7.9% | 0.2% | 13.1% | 7.6% | 10.4% |
| — | +92.1% | +87.9% | +232.8% | +33.9% | +14562.9% | +99.7% | +44.9% | -24.5% | +103.3% | +280.3% | +167.1% | -1.1% | |
| Net Margin | 58.1% | 133.8% | 31.4% | 22.2% | -8.0% | 21.0% | 15.0% | 24.3% | -22.6% | -13.8% | -1.3% | -1.4% | -15.8% |
| — | +536.6% | +108.5% | -8.6% | +64.7% | +252.8% | +1221.3% | +1825.9% | -43.6% | -32.5% | +51.7% | +95.7% | -253.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 57.9% | 42.1% | 12.0% | 6.4% | -1.6% | 5.4% | 3.9% | 6.3% | -5.7% | -3.3% | -0.3% | -0.3% | -3.5% |
| — | +683.6% | +209.1% | +2.0% | +72.0% | +263.3% | +1370.8% | +2233.8% | -65.3% | -92.4% | +26.6% | +92.5% | -318.9% | |
| ROA | 33.1% | 23.9% | 5.8% | 3.0% | -0.8% | 2.8% | 1.9% | 2.5% | -1.9% | -1.2% | -0.1% | -0.1% | -1.4% |
| — | +765.8% | +206.6% | +20.2% | +57.8% | +327.8% | +1674.5% | +2237.6% | -35.1% | -60.9% | +34.9% | +92.7% | -347.4% | |
| ROIC | 29.5% | 12.1% | 10.9% | 5.9% | 1.2% | 4.4% | 3.8% | 1.6% | 1.1% | 0.0% | 1.8% | 1.0% | 1.4% |
| — | +177.1% | +183.4% | +268.8% | +7.8% | +15114.3% | +114.2% | +67.5% | -18.4% | +104.5% | +350.3% | +204.4% | +1.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
New Gold Inc.'s Debt/EBITDA ratio is 1.2x, down from 1.4x last quarter — comfortably within a safe range. The current ratio has weakened 5.6% YoY to 1.32x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.32 | 0.60 | 0.49 | 0.38 | 0.45 | 0.52 | 0.55 | 0.51 | 0.46 | 0.45 | 0.46 |
| — | -45.4% | -28.9% | +14.0% | -9.6% | -25.3% | -0.9% | +16.0% | +18.8% | +20.5% | +14.3% | +10.2% | -15.9% | |
| Debt / EBITDA | 0.44 | 1.22 | 1.36 | 3.69 | 6.41 | 2.99 | 3.58 | 5.32 | 5.15 | 6.56 | 4.66 | 5.89 | 5.21 |
| — | -59.0% | -61.9% | -30.6% | +24.3% | -54.5% | -23.3% | -9.7% | -1.0% | -40.6% | -48.9% | -62.3% | -31.2% | |
| Current Ratio | 1.32 | 1.32 | 0.88 | 0.89 | 1.68 | 1.39 | 1.42 | 1.50 | 1.51 | 1.54 | 1.63 | 1.71 | 2.28 |
| — | -5.6% | -38.0% | -40.6% | +11.7% | -9.2% | -12.9% | -12.7% | -33.8% | -30.3% | -27.6% | -38.9% | -47.9% | |
| Quick Ratio | 0.92 | 0.92 | 0.48 | 0.62 | 1.16 | 0.79 | 0.84 | 0.98 | 0.89 | 0.98 | 1.00 | 1.05 | 1.48 |
| — | +16.8% | -42.8% | -37.2% | +29.6% | -19.6% | -16.1% | -5.8% | -39.8% | -35.7% | -40.7% | -51.3% | -60.3% | |
| Interest Coverage | 26.58 | 114.54 | 17.89 | 7.79 | 0.20 | 8.74 | 25.60 | 21.19 | -26.59 | -0.65 | 3.14 | 0.09 | 6.39 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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New Gold Inc.'s current P/E is 64.9x. The average P/E over the last 3 quarters is 9.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
New Gold Inc.'s current operating margin is 44.4%. Margins have been expanding 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 New Gold Inc.'s business trajectory between earnings reports.