EQX vs. NUE: Equinox Gold vs. Nucor Stock Comparison

November 11, 2026

How do Equinox Gold (EQX) and Nucor (NUE) 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 Nucor (NUE) both belong to the Metals & Mining industry, though EQX is classified under Gold while NUE falls under Steel.

Company profile comparison for Equinox Gold (EQX) and Nucor (NUE)
Profile Item	EQX	NUE
Name	Equinox Gold Corp.	Nucor Corporation
Country/Region	Canada	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Steel
Market Capitalization	13.45 billion USD	55.58 billion USD
Currency	USD	USD
Exchange	NYSE American	NYSE
Listing Date	January 2, 2019	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EQX

NUE

GSPC

Equinox Gold (EQX) vs. Nucor (NUE), 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 Nucor (NUE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equinox Gold (EQX) and Nucor (NUE)
Metric	EQX	NUE
Total Return (1Y)	1.87%	74.82%
Total Return (3Y, Annualized)	37.49%	19.83%
Total Return (5Y, Annualized)	8.54%	18.79%

Risk Profile

Drawdown History

EQX

NUE

GSPC

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

Risk Metrics

Risk profile metrics for Equinox Gold (EQX) and Nucor (NUE)
Metric	EQX	NUE
Volatility (1Y, Annualized)	63.25%	32.37%
Beta (5Y)	1.25	1.82
Max Drawdown (5Y)	-71.57%	-47.79%
Avg. Volume (3M)	12.60M	1.37M

Risk-Adjusted Performance

Risk-Return Positioning

EQX and NUE 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 Nucor (NUE)
Metric	EQX	NUE
Sharpe Ratio (1Y)	-0.04	2.18
Sortino Ratio (1Y)	-0.06	3.28

Profitability

ROE (TTM)

Both Equinox Gold (EQX) at 8.47% and Nucor (NUE) at 17.58% 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%

NUE

Materials industry group

17.58%

Max: 52.88%
Q3: 19.49%
NUE: 17.58%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Equinox Gold (EQX) vs. Nucor (NUE): 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 Nucor (NUE) at 9.26%, 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%

NUE

Materials industry group

9.26%

Max: 38.66%
Q3: 15.98%
NUE: 9.26%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Equinox Gold (EQX) vs. Nucor (NUE): 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 Nucor (NUE) at 16.73%, 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%

NUE

Materials industry group

16.73%

Max: 66.70%
Q3: 28.92%
NUE: 16.73%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Equinox Gold (EQX) and Nucor (NUE)
Metric	EQX	NUE
ROE (TTM)	8.47%	17.58%
ROA (TTM)	6.74%	8.82%
Net Margin (TTM)	28.09%	9.26%
Operating Margin (TTM)	32.14%	16.73%
Gross Margin (TTM)	57.60%	17.39%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Nucor (NUE) at 5.73%, which is closer to a typical peer reading.

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

EPS Growth

Both Equinox Gold (EQX) at -53.33% and Nucor (NUE) at -11.11% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Equinox Gold (EQX) and Nucor (NUE)
Metric	EQX	NUE
Revenue Growth (YoY)	99.07%	5.73%
Revenue Growth (3Y CAGR)	24.04%	-7.84%
EPS Growth (YoY)	-53.33%	-11.11%
EPS Growth (3Y CAGR)	--	-36.08%

Financial Strength

Current Ratio (MRQ)

Nucor (NUE) at 2.46 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.

EQX

Materials industry group

1.33

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

NUE

Materials industry group

2.46

Max: 5.96
Q3: 3.30
NUE: 2.46
Median: 2.24
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

Both Equinox Gold (EQX) at 0.13 and Nucor (NUE) at 0.29 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

NUE

Materials industry group

0.29

Max: 1.98
Q3: 0.89
Median: 0.47
NUE: 0.29
Q1: 0.13
Min: 0.00

Equinox Gold (EQX) vs. Nucor (NUE): 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 Nucor (NUE)
Metric	EQX	NUE
Current Ratio (MRQ)	1.33	2.46
Debt / Equity (MRQ)	0.13	0.29
Net Debt / EBITDA	0.21	0.52

Dividends

Dividend Yield (TTM)

Both Equinox Gold (EQX) at 0.27% and Nucor (NUE) at 0.91% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

EQX

Materials industry group

0.27%

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

NUE

Materials industry group

0.91%

Max: 4.52%
Q3: 1.85%
NUE: 0.91%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Equinox Gold (EQX) at 6.25% and Nucor (NUE) at 17.78% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQX

Materials industry group

6.25%

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

NUE

Materials industry group

17.78%

Max: 83.62%
Q3: 41.37%
NUE: 17.78%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Equinox Gold (EQX) and Nucor (NUE)
Metric	EQX	NUE
Dividend Yield (TTM)	0.27%	0.91%
Dividend Payout Ratio (TTM)	6.25%	17.78%

Valuation

P/E Ratio (TTM)

Both Equinox Gold (EQX) at 24.00 and Nucor (NUE) at 15.60 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

NUE

Materials industry group

15.60

Max: 59.00
Q3: 32.93
Median: 18.82
NUE: 15.60
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

Nucor (NUE) at 1.43 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

NUE

Materials industry group

1.43

Max: 9.62
Q3: 4.34
Median: 1.87
NUE: 1.43
Q1: 0.73
Min: 0.00

Equinox Gold (EQX) vs. Nucor (NUE): 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 Nucor (NUE) at 2.43 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

NUE

Materials industry group

2.43

Max: 6.59
Q3: 3.55
NUE: 2.43
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Equinox Gold (EQX) and Nucor (NUE)
Metric	EQX	NUE
P/E Ratio (TTM)	24.00	15.60
P/S Ratio (TTM)	4.64	1.43
P/B Ratio (MRQ)	1.43	2.43
Free Cash Flow Yield (TTM)	2.15%	2.77%