B2Gold Corp. BTG NYSE

B2Gold Corp. (BTG) generated $892.75M in operating cash flow for fiscal year 2025. After capital expenditures of $826.37M, free cash flow was $66.38M.

Free cash flow margin was 2.1% of revenue. Cash conversion ratio was 2.18x, indicating earnings are backed by cash.

The company returned $105.25M in dividends and $10.02M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (83/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (74/100, Pass) — $66.38M (2.1% FCF margin) supports a durable competitive advantage
• INCOME (55/100) — Cash conversion ratio was 2.18x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 72/100 with 4/7 criteria passed.