Gold Royalty (GROY) Gross Margin (2021 - 2026)
Gold Royalty (GROY) posted Gross Margin of 69.31% for the quarter ended Jun 30, 2026, down 12.75 percentage points from 82.06% a year earlier and down 7.26 percentage points from the prior quarter.
Gold Royalty (GROY) Gross Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Gold Royalty was 71.17%, down 0.96 percentage points year-over-year; for the year ended Dec 31, 2025, it was 76.44%, up 10.80 percentage points from the prior year.
- Annual Gross Margin shows a four-year change of +61.85 percentage points (years ended Dec 2021 to Dec 2025).
- In prior years, Gold Royalty's Gross Margin was 65.63% in the year ended Dec 31, 2024 (-3.43 pp), 69.06% in the year ended Dec 31, 2023 (+11.26 pp), 57.80% in the year ended Dec 31, 2022 and 14.58% in the year ended Sep 30, 2021.
- Quarterly Gross Margin has run from a low of 23.51% in the quarter ended Mar 31, 2022 to a high of 92.48% in the quarter ended Mar 31, 2025 over five years.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of -0.59 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was the quarter ended Dec 31, 2025, with a gain of 26.78 percentage points; the weakest was the quarter ended Dec 31, 2024, with a drop of 36.27 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 76.57% (quarter ended Mar 31, 2026), 66.01% (quarter ended Dec 31, 2025) and 70.44% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 86.66% |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Gold Royalty | 523.21 Mn | 473.26 Mn | 4.67 Mn | 69.31% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.31% |
| 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% |
Gold Royalty Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=GROY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GROY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GROY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();