EQX vs. IP: Equinox Gold vs. International Paper Stock Comparison

November 11, 2026

How do Equinox Gold (EQX) and International Paper (IP) 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

Equinox Gold (EQX) and International Paper (IP) both fall under the Materials industry group, but EQX is classified in Metals & Mining while IP is classified in Containers & Packaging.

Company profile comparison for Equinox Gold (EQX) and International Paper (IP)
Profile Item	EQX	IP
Name	Equinox Gold Corp.	International Paper Co.
Country/Region	Canada	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Containers & Packaging
GICS Sub-Industry	Gold	Paper & Plastic Packaging Products & Materials
Market Capitalization	13.45 billion USD	18.29 billion USD
Currency	USD	USD
Exchange	NYSE American	NYSE
Listing Date	January 2, 2019	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EQX

GSPC

Equinox Gold (EQX) vs. International Paper (IP), 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 Equinox Gold (EQX) and International Paper (IP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equinox Gold (EQX) and International Paper (IP)
Metric	EQX	IP
Total Return (1Y)	1.87%	-2.70%
Total Return (3Y, Annualized)	37.49%	6.64%
Total Return (5Y, Annualized)	8.54%	-2.14%

Risk Profile

Drawdown History

EQX

GSPC

Equinox Gold (EQX) vs. International Paper (IP), 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 Equinox Gold (EQX) and International Paper (IP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinox Gold (EQX) and International Paper (IP)
Metric	EQX	IP
Volatility (1Y, Annualized)	63.25%	42.71%
Beta (5Y)	1.25	0.96
Max Drawdown (5Y)	-71.57%	-48.61%
Avg. Volume (3M)	12.60M	5.09M

Risk-Adjusted Performance

Risk-Return Positioning

EQX and IP 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 Equinox Gold (EQX) and International Paper (IP)
Metric	EQX	IP
Sharpe Ratio (1Y)	-0.04	-0.16
Sortino Ratio (1Y)	-0.06	-0.24

Profitability

ROE (TTM)

International Paper (IP) reports a negative ROE of -22.30%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Equinox Gold (EQX) reports 8.47%, ranking against industry peers normally.

EQX

Materials industry group

8.47%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
EQX: 8.47%
Q1: -3.41%
Min: -32.81%

IP

Materials industry group

-22.30%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
IP: -22.30%
Min: -32.81%

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

International Paper (IP) reports a negative net margin of -14.32%, usually indicating a net loss over the period. Meanwhile Equinox Gold (EQX) reports 28.09%, ranking against industry peers normally.

EQX

Materials industry group

28.09%

Max: 38.66%
EQX: 28.09%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

IP

Materials industry group

-14.32%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
IP: -14.32%
Min: -20.40%

Equinox Gold (EQX) vs. International Paper (IP): 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 International Paper (IP) at 5.89%, which runs around its industry’s norm.

EQX

Materials industry group

32.14%

Max: 66.70%
EQX: 32.14%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

IP

Materials industry group

5.89%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
IP: 5.89%
Q1: 3.28%
Min: -14.07%

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Equinox Gold (EQX) and International Paper (IP)
Metric	EQX	IP
ROE (TTM)	8.47%	-22.30%
ROA (TTM)	6.74%	1.60%
Net Margin (TTM)	28.09%	-14.32%
Operating Margin (TTM)	32.14%	5.89%
Gross Margin (TTM)	57.60%	29.78%

Growth

Revenue Growth

Both companies are growing quickly, but Equinox Gold (EQX) at 99.07% is the standout with revenue growth above its industry range; International Paper (IP) at 49.25% also sits in the top quartile.

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Equinox Gold (EQX) at -53.33% is around its peer norm for EPS growth, while International Paper (IP) at -542.68% falls below its industry range, a notably weak earnings reading.

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinox Gold (EQX) and International Paper (IP)
Metric	EQX	IP
Revenue Growth (YoY)	99.07%	49.25%
Revenue Growth (3Y CAGR)	24.04%	3.75%
EPS Growth (YoY)	-53.33%	-542.68%
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Both Equinox Gold (EQX) at 1.33 and International Paper (IP) at 0.99 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

EQX

Materials industry group

1.33

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
EQX: 1.33
Min: 0.16

IP

Materials industry group

0.99

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
IP: 0.99
Min: 0.16

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Equinox Gold (EQX) at 0.13 and International Paper (IP) at 0.79 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EQX

Materials industry group

0.13

Max: 1.98
Q3: 0.89
Median: 0.47
EQX: 0.13
Q1: 0.13
Min: 0.00

IP

Materials industry group

0.79

Max: 1.98
Q3: 0.89
IP: 0.79
Median: 0.47
Q1: 0.13
Min: 0.00

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinox Gold (EQX) and International Paper (IP)
Metric	EQX	IP
Current Ratio (MRQ)	1.33	0.99
Debt / Equity (MRQ)	0.13	0.79
Net Debt / EBITDA	0.21	2.40

Dividends

Dividend Yield (TTM)

Equinox Gold (EQX) at 0.27% pays an industry-typical yield; International Paper (IP) at 5.40% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

EQX

Materials industry group

0.27%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
EQX: 0.27%
Q1: 0.00%
Min: 0.00%

IP

Materials industry group

5.40%

IP: 5.40%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

International Paper (IP) reports payout ratio above 100% at 402.17%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Equinox Gold (EQX) reports 6.25%, ranking against industry peers normally.

EQX

Materials industry group

6.25%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
EQX: 6.25%
Q1: 0.00%
Min: 0.00%

IP

Materials industry group

402.17%

IP: 402.17%
Max: 83.62%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Equinox Gold (EQX) and International Paper (IP)
Metric	EQX	IP
Dividend Yield (TTM)	0.27%	5.40%
Dividend Payout Ratio (TTM)	6.25%	402.17%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Equinox Gold (EQX) trades at 24.00 times trailing earnings, ranked against its peers, while International Paper (IP) has no P/E ratio this period.

EQX

Materials industry group

24.00

Max: 59.00
Q3: 32.93
EQX: 24.00
Median: 18.82
Q1: 11.96
Min: 3.93

IP

Materials industry group

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93
IP: --

Equinox Gold (EQX) vs. International Paper (IP): IP does not report P/E ratio, so it has no value marker; EQX is benchmarked against the Materials industry group.

P/S Ratio (TTM)

International Paper (IP) at 0.76 is priced about in line with its industry on P/S ratio, while Equinox Gold (EQX) at 4.64 sits in the pricier quartile — EQX costs more per dollar of sales.

EQX

Materials industry group

4.64

Max: 9.62
EQX: 4.64
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

IP

Materials industry group

0.76

Max: 9.62
Q3: 4.34
Median: 1.87
IP: 0.76
Q1: 0.73
Min: 0.00

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Equinox Gold (EQX) at 1.43 and International Paper (IP) at 1.39 are valued close to their industries’ norm against book — neither stands out from peers.

EQX

Materials industry group

1.43

Max: 6.59
Q3: 3.55
Median: 2.08
EQX: 1.43
Q1: 1.26
Min: -0.17

IP

Materials industry group

1.39

Max: 6.59
Q3: 3.55
Median: 2.08
IP: 1.39
Q1: 1.26
Min: -0.17

Equinox Gold (EQX) vs. International Paper (IP): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Equinox Gold (EQX) and International Paper (IP)
Metric	EQX	IP
P/E Ratio (TTM)	24.00	--
P/S Ratio (TTM)	4.64	0.76
P/B Ratio (MRQ)	1.43	1.39
Free Cash Flow Yield (TTM)	2.15%	12.53%