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AA vs. EQX: Alcoa vs. Equinox Gold Stock Comparison

How do Alcoa (AA) and Equinox Gold (EQX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Alcoa (AA) and Equinox Gold (EQX) both belong to the Metals & Mining industry, though AA is classified under Aluminum while EQX falls under Gold.

Company profile comparison for Alcoa (AA) and Equinox Gold (EQX)
Profile ItemAAEQX
NameAlcoa CorporationEquinox Gold Corp.
Country/RegionUnited StatesCanada
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryMetals & MiningMetals & Mining
GICS Sub-IndustryAluminumGold
Market Capitalization10.44 billion USD13.45 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE American
Listing DateJanuary 2, 1962January 2, 2019
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AA
EQX
GSPC
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Alcoa (AA) vs. Equinox Gold (EQX), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Alcoa (AA) and Equinox Gold (EQX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Alcoa (AA) and Equinox Gold (EQX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Alcoa (AA) and Equinox Gold (EQX)
MetricAAEQX
Total Return (1Y)12.55%1.87%
Total Return (3Y, Annualized)20.53%37.49%
Total Return (5Y, Annualized)-1.46%8.54%

Risk Profile

Drawdown History

AA
EQX
GSPC
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Alcoa (AA) vs. Equinox Gold (EQX), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Alcoa (AA) and Equinox Gold (EQX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Alcoa (AA) and Equinox Gold (EQX)
MetricAAEQX
Volatility (1Y, Annualized)53.37%63.25%
Beta (5Y)1.801.25
Max Drawdown (5Y)-75.46%-71.57%
Avg. Volume (3M)4.61M12.60M

Risk-Adjusted Performance

Risk-Return Positioning

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AA and EQX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Alcoa (AA) and Equinox Gold (EQX)
MetricAAEQX
Sharpe Ratio (1Y)0.16-0.04
Sortino Ratio (1Y)0.23-0.06

Profitability

ROE (TTM)

Alcoa (AA) at 20.58% sits in the top ROE quartile, while Equinox Gold (EQX) at 8.47% is closer to the peer norm — stronger capital efficiency for AA.

AA

Materials industry group

20.58%

Max
52.88%
AA
20.58%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%

EQX

Materials industry group

8.47%

Max
52.88%
Q3
19.49%
Median
8.76%
EQX
8.47%
Q1
-3.41%
Min
-32.81%
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Equinox Gold (EQX) at 28.09% retains a top-quartile share of revenue as profit, ahead of Alcoa (AA) at 10.68%, which keeps about the industry-typical share.

AA

Materials industry group

10.68%

Max
38.66%
Q3
15.98%
AA
10.68%
Median
5.28%
Q1
0.00%
Min
-20.40%

EQX

Materials industry group

28.09%

Max
38.66%
EQX
28.09%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Equinox Gold (EQX) at 32.14% operates in the top operating margin quartile, ahead of Alcoa (AA) at 16.01%, which runs around its industry’s norm.

AA

Materials industry group

16.01%

Max
66.70%
Q3
28.92%
AA
16.01%
Median
12.56%
Q1
3.28%
Min
-14.07%

EQX

Materials industry group

32.14%

Max
66.70%
EQX
32.14%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Alcoa (AA) and Equinox Gold (EQX)
MetricAAEQX
ROE (TTM)20.58%8.47%
ROA (TTM)7.52%6.74%
Net Margin (TTM)10.68%28.09%
Operating Margin (TTM)16.01%32.14%
Gross Margin (TTM)22.76%57.60%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Alcoa (AA) at 7.87%, which is closer to a typical peer reading.

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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Alcoa (AA) at 1,600.00% clears its industry range for EPS growth, a much stronger earnings trajectory than Equinox Gold (EQX) at -53.33%, which is closer to a typical peer reading.

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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Alcoa (AA) and Equinox Gold (EQX)
MetricAAEQX
Revenue Growth (YoY)7.87%99.07%
Revenue Growth (3Y CAGR)1.01%24.04%
EPS Growth (YoY)1,600.00%-53.33%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Alcoa (AA) at 2.31 keeps current ratio within its industry’s typical mid-range, while Equinox Gold (EQX) at 1.33 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for EQX.

AA

Materials industry group

2.31

Max
5.96
Q3
3.30
AA
2.31
Median
2.24
Q1
1.45
Min
0.16

EQX

Materials industry group

1.33

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
EQX
1.33
Min
0.16
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Alcoa (AA) at 0.58 and Equinox Gold (EQX) at 0.13 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

AA

Materials industry group

0.58

Max
1.98
Q3
0.89
AA
0.58
Median
0.47
Q1
0.13
Min
0.00

EQX

Materials industry group

0.13

Max
1.98
Q3
0.89
Median
0.47
EQX
0.13
Q1
0.13
Min
0.00
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Alcoa (AA) and Equinox Gold (EQX)
MetricAAEQX
Current Ratio (MRQ)2.311.33
Debt / Equity (MRQ)0.580.13
Net Debt / EBITDA0.140.21

Dividends

Dividend Yield (TTM)

Both Alcoa (AA) at 1.04% and Equinox Gold (EQX) at 0.27% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

AA

Materials industry group

1.04%

Max
4.52%
Q3
1.85%
AA
1.04%
Median
0.38%
Q1
0.00%
Min
0.00%

EQX

Materials industry group

0.27%

Max
4.52%
Q3
1.85%
Median
0.38%
EQX
0.27%
Q1
0.00%
Min
0.00%
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Alcoa (AA) at 6.96% and Equinox Gold (EQX) at 6.25% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

AA

Materials industry group

6.96%

Max
83.62%
Q3
41.37%
Median
9.54%
AA
6.96%
Q1
0.00%
Min
0.00%

EQX

Materials industry group

6.25%

Max
83.62%
Q3
41.37%
Median
9.54%
EQX
6.25%
Q1
0.00%
Min
0.00%
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Alcoa (AA) and Equinox Gold (EQX)
MetricAAEQX
Dividend Yield (TTM)1.04%0.27%
Dividend Payout Ratio (TTM)6.96%6.25%

Valuation

P/E Ratio (TTM)

Alcoa (AA) at 6.88 sits in the cheaper P/E ratio quartile, while Equinox Gold (EQX) at 24.00 is closer to its industry’s usual earnings multiple — a discount for AA, though growth and earnings durability still matter.

AA

Materials industry group

6.88

Max
59.00
Q3
32.93
Median
18.82
Q1
11.96
AA
6.88
Min
3.93

EQX

Materials industry group

24.00

Max
59.00
Q3
32.93
EQX
24.00
Median
18.82
Q1
11.96
Min
3.93
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Alcoa (AA) at 0.73 looks cheap on sales in the lower P/S ratio quartile, while Equinox Gold (EQX) at 4.64 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

AA

Materials industry group

0.73

Max
9.62
Q3
4.34
Median
1.87
Q1
0.73
AA
0.73
Min
0.00

EQX

Materials industry group

4.64

Max
9.62
EQX
4.64
Q3
4.34
Median
1.87
Q1
0.73
Min
0.00
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Alcoa (AA) at 1.27 and Equinox Gold (EQX) at 1.43 are valued close to their industries’ norm against book — neither stands out from peers.

AA

Materials industry group

1.27

Max
6.59
Q3
3.55
Median
2.08
AA
1.27
Q1
1.26
Min
-0.17

EQX

Materials industry group

1.43

Max
6.59
Q3
3.55
Median
2.08
EQX
1.43
Q1
1.26
Min
-0.17
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Alcoa (AA) vs. Equinox Gold (EQX): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Alcoa (AA) and Equinox Gold (EQX)
MetricAAEQX
P/E Ratio (TTM)6.8824.00
P/S Ratio (TTM)0.734.64
P/B Ratio (MRQ)1.271.43
Free Cash Flow Yield (TTM)8.80%2.15%