Gold Royalty (GROY-WT) Gross Margin (2020 - 2026)
Gold Royalty (GROY-WT) reported Gross Margin of 76.57% for Q1 2026, down 1591.0% on a YoY basis from 5.14% in Q1 2025, and up 16.0% quarter-over-quarter from 66.01% in Q4 2025.
Gold Royalty (GROY-WT) Gross Margin (2020 - 2026) Analysis & Trends
Gold Royalty has reported Gross Margin for 7 years, with the latest figure at 76.57% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 1591.0% year-over-year to 76.57%; the trailing twelve-month figure through Mar 2026 stood at 73.92% (up 473.0% YoY), and the FY2025 full-year result was 76.44%, up 1080.0% from the prior year.
- Gross Margin for Q1 2026 stood at 76.57%, up from 66.01% in the prior quarter.
- The five-year high for Gross Margin was 106.47% in Q3 2022, with the low at 23.51% in Q1 2022.
- Historically, Gross Margin has averaged 68.81% across 5 years, with a median of 75.49% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin surged 8278 bps — and 2023, when it sank 5327 bps.
- Gold Royalty's Gross Margin stood at 62.89% in 2022, then gained by 20 bps to 75.49% in 2023, then plunged by 48 bps to 39.23% in 2024, then jumped by 68 bps to 66.01% in 2025, then gained by 16 bps to 76.57% in 2026.
- The last three Gross Margin figures came in at 76.57% (Q1 2026), 66.01% (Q4 2025), and 70.44% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | - |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 59.77% |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 77.58% |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 74.11% |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 59.87% |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 99.74% |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | - |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 60.04% |
| 10 | Gold Royalty | - | - | 5.50 Mn | 76.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.57% |
| Dec 31, 2025 | 66.01% |
| Sep 30, 2025 | 70.44% |
| Jun 30, 2025 | 82.06% |
| Mar 31, 2025 | 92.48% |
| Dec 31, 2024 | 39.23% |
| Sep 30, 2024 | 76.31% |
| Jun 30, 2024 | 76.31% |
| Mar 31, 2024 | 82.03% |
| Dec 31, 2023 | 75.49% |
| Sep 30, 2023 | 53.20% |
| Jun 30, 2023 | 56.41% |
| Mar 31, 2023 | 84.75% |
| Dec 31, 2022 | 62.89% |
| Sep 30, 2022 | 106.47% |
| Jun 30, 2022 | 45.62% |
| Mar 31, 2022 | 23.51% |
| Dec 31, 2021 | 46.15% |
| Jun 30, 2021 | -37.16% |
| Jun 30, 2020 | 64.84% |