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B2Gold stock: key metrics
BTGB2Gold had an operating margin of 45.9% and a return on invested capital (ROIC) of 20.1% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | no data | no data | no data |
| 2008 | no data | no data | no data |
| 2009 | 11.7% | −57.6% | −134.6% |
| 2010 | 50.8% | 17.6% | 15.7% |
| 2011 | 60.9% | 38.0% | 25.0% |
| 2012 | 49.0% | 32.5% | 20.0% |
| 2013 | 27.0% | 21.3% | 12.4% |
| 2014 | 19.3% | −152.3% | −136.7% |
| 2015 | 15.7% | −17.1% | −27.1% |
| 2016 | 30.7% | 18.5% | 5.7% |
| 2017 | 23.5% | 13.6% | 8.9% |
| 2018 | 29.8% | 23.4% | 2.4% |
| 2019 | 39.0% | 44.0% | 25.4% |
| 2020 | 53.6% | 58.9% | 35.1% |
| 2021 | 43.6% | 40.5% | 23.8% |
| 2022 | 34.9% | 29.0% | 14.6% |
| 2023 | 40.3% | 34.9% | 0.5% |
| 2024 | 37.1% | 31.3% | −33.1% |
| 2025 | 50.0% | 45.9% | 13.1% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | −3.6% | −16.4% | −3.2% |
| 2008 | −22.3% | −12.8% | −19.7% |
| 2009 | −13.9% | −6.3% | −11.2% |
| 2010 | 6.9% | 7.3% | 5.9% |
| 2011 | 11.9% | 20.3% | 10.0% |
| 2012 | 9.3% | 13.0% | 7.7% |
| 2013 | 4.0% | 8.1% | 2.9% |
| 2014 | −45.3% | −33.4% | −31.4% |
| 2015 | −11.5% | −4.3% | −7.4% |
| 2016 | 2.7% | 4.1% | 1.7% |
| 2017 | 3.7% | 4.0% | 2.1% |
| 2018 | 1.8% | 7.0% | 1.1% |
| 2019 | 14.7% | 15.5% | 10.9% |
| 2020 | 24.4% | 30.7% | 18.7% |
| 2021 | 14.7% | 19.5% | 11.8% |
| 2022 | 8.4% | 11.1% | 6.9% |
| 2023 | 0.3% | 10.7% | 0.2% |
| 2024 | −21.1% | 13.6% | −13.1% |
| 2025 | 11.2% | 20.1% | 6.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 6 Nov 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.