EQX vs. NTR: Equinox Gold vs. Nutrien Stock Comparison

November 11, 2026

How do Equinox Gold (EQX) and Nutrien (NTR) 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 Nutrien (NTR) both fall under the Materials industry group, but EQX is classified in Metals & Mining while NTR is classified in Chemicals.

Company profile comparison for Equinox Gold (EQX) and Nutrien (NTR)
Profile Item	EQX	NTR
Name	Equinox Gold Corp.	Nutrien Ltd.
Country/Region	Canada	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Chemicals
GICS Sub-Industry	Gold	Fertilizers & Agricultural Chemicals
Market Capitalization	13.45 billion USD	33.89 billion USD
Currency	USD	USD
Exchange	NYSE American	NYSE
Listing Date	January 2, 2019	January 2, 2018
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EQX

NTR

GSPC

Equinox Gold (EQX) vs. Nutrien (NTR), 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 Nutrien (NTR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equinox Gold (EQX) and Nutrien (NTR)
Metric	EQX	NTR
Total Return (1Y)	1.87%	30.80%
Total Return (3Y, Annualized)	37.49%	13.84%
Total Return (5Y, Annualized)	8.54%	4.29%

Risk Profile

Drawdown History

EQX

NTR

GSPC

Equinox Gold (EQX) vs. Nutrien (NTR), 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 Nutrien (NTR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinox Gold (EQX) and Nutrien (NTR)
Metric	EQX	NTR
Volatility (1Y, Annualized)	63.25%	32.77%
Beta (5Y)	1.25	0.64
Max Drawdown (5Y)	-71.57%	-58.17%
Avg. Volume (3M)	12.60M	2.56M

Risk-Adjusted Performance

Risk-Return Positioning

EQX and NTR 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 Nutrien (NTR)
Metric	EQX	NTR
Sharpe Ratio (1Y)	-0.04	0.81
Sortino Ratio (1Y)	-0.06	1.18

Profitability

ROE (TTM)

Both Equinox Gold (EQX) at 8.47% and Nutrien (NTR) at 8.76% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

EQX

Materials industry group

8.47%

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

NTR

Materials industry group

8.76%

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

Equinox Gold (EQX) vs. Nutrien (NTR): 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 Nutrien (NTR) at 8.04%, which keeps about the industry-typical share.

EQX

Materials industry group

28.09%

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

NTR

Materials industry group

8.04%

Max: 38.66%
Q3: 15.98%
NTR: 8.04%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Equinox Gold (EQX) vs. Nutrien (NTR): 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 Nutrien (NTR) at 10.97%, 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%

NTR

Materials industry group

10.97%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
NTR: 10.97%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Equinox Gold (EQX) and Nutrien (NTR)
Metric	EQX	NTR
ROE (TTM)	8.47%	8.76%
ROA (TTM)	6.74%	4.24%
Net Margin (TTM)	28.09%	8.04%
Operating Margin (TTM)	32.14%	10.97%
Gross Margin (TTM)	57.60%	31.60%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Nutrien (NTR) at 3.52%, which is closer to a typical peer reading.

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

EPS Growth

Nutrien (NTR) at 242.65% sits in the top EPS growth quartile, while Equinox Gold (EQX) at -53.33% is closer to the peer norm — faster per-share earnings growth for NTR.

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

Growth Metrics

Growth metrics for Equinox Gold (EQX) and Nutrien (NTR)
Metric	EQX	NTR
Revenue Growth (YoY)	99.07%	3.52%
Revenue Growth (3Y CAGR)	24.04%	-10.80%
EPS Growth (YoY)	-53.33%	242.65%
EPS Growth (3Y CAGR)	--	-30.99%

Financial Strength

Current Ratio (MRQ)

Both Equinox Gold (EQX) at 1.33 and Nutrien (NTR) at 1.41 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

NTR

Materials industry group

1.41

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
NTR: 1.41
Min: 0.16

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

Debt / Equity (MRQ)

Both Equinox Gold (EQX) at 0.13 and Nutrien (NTR) at 0.55 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

NTR

Materials industry group

0.55

Max: 1.98
Q3: 0.89
NTR: 0.55
Median: 0.47
Q1: 0.13
Min: 0.00

Equinox Gold (EQX) vs. Nutrien (NTR): 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 Nutrien (NTR)
Metric	EQX	NTR
Current Ratio (MRQ)	1.33	1.41
Debt / Equity (MRQ)	0.13	0.55
Net Debt / EBITDA	0.21	2.38

Dividends

Dividend Yield (TTM)

Nutrien (NTR) at 3.03% delivers top-quartile income for its industry, while Equinox Gold (EQX) at 0.27% pays a more typical yield — both are credible income propositions, NTR the richer one.

EQX

Materials industry group

0.27%

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

NTR

Materials industry group

3.03%

Max: 4.52%
NTR: 3.03%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Equinox Gold (EQX) at 6.25% pays out a band-typical share of earnings, while Nutrien (NTR) at 47.93% distributes more than its industry norm — less retained, thinner cover.

EQX

Materials industry group

6.25%

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

NTR

Materials industry group

47.93%

Max: 83.62%
NTR: 47.93%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Equinox Gold (EQX) and Nutrien (NTR)
Metric	EQX	NTR
Dividend Yield (TTM)	0.27%	3.03%
Dividend Payout Ratio (TTM)	6.25%	47.93%

Valuation

P/E Ratio (TTM)

Both Equinox Gold (EQX) at 24.00 and Nutrien (NTR) at 15.61 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EQX

Materials industry group

24.00

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

NTR

Materials industry group

15.61

Max: 59.00
Q3: 32.93
Median: 18.82
NTR: 15.61
Q1: 11.96
Min: 3.93

Equinox Gold (EQX) vs. Nutrien (NTR): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Nutrien (NTR) at 1.24 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

NTR

Materials industry group

1.24

Max: 9.62
Q3: 4.34
Median: 1.87
NTR: 1.24
Q1: 0.73
Min: 0.00

Equinox Gold (EQX) vs. Nutrien (NTR): 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 Nutrien (NTR) at 1.32 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

NTR

Materials industry group

1.32

Max: 6.59
Q3: 3.55
Median: 2.08
NTR: 1.32
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Equinox Gold (EQX) and Nutrien (NTR)
Metric	EQX	NTR
P/E Ratio (TTM)	24.00	15.61
P/S Ratio (TTM)	4.64	1.24
P/B Ratio (MRQ)	1.43	1.32
Free Cash Flow Yield (TTM)	2.15%	5.77%