Gold Royalty (GROY) Gross Margin (2021 - 2026)
Gold Royalty (GROY) posted Gross Margin of 76.57% for Q1 2026, up 16.0% quarter-over-quarter from 66.01% in Q4 2025, and down 1591.0% year-on-year from 5.14% in Q1 2025.
Gold Royalty (GROY) Gross Margin (2021 - 2026) Analysis & Trends
Gold Royalty (GROY) has reported Gross Margin for 6 consecutive years, with 76.57% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 76.57%, down 1591.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 73.92% (up 473.0% YoY), and the FY2025 annual result was 76.44%, up 1080.0% from the prior year.
- Gross Margin was 76.57% for Q1 2026 at Gold Royalty, up from 66.01% in the prior quarter.
- Over five years, Gross Margin peaked at 106.47% in Q3 2022 and troughed at 23.51% in Q1 2022.
- Average Gross Margin over 5 years is 68.81%, with a median of 75.49% recorded in 2023.
- The widest YoY moves for Gross Margin: up 6123 bps in 2023, down 5327 bps in 2023.
- Over 5 years, Gross Margin stood at 62.89% in 2022, then grew by 20 bps to 75.49% in 2023, then tumbled by 48 bps to 39.23% in 2024, then jumped by 68 bps to 66.01% in 2025, then grew by 16 bps to 76.57% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 76.57% in Q1 2026, 66.01% in Q4 2025, and 70.44% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 59.77% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 61.79% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 99.74% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 86.39% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 77.58% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 54.68% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 80.88% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 59.87% |
| 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% |