Gold Royalty (GROY) Gross Margin (2020 - 2026)
Gold Royalty (GROY) posted Gross Margin of 69.31% for Q2 2026, down 12.75 percentage points from 82.06% a year earlier and down 7.26 percentage points from the prior quarter.
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Analysis
Gold Royalty (GROY) Gross Margin (2020 - 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 FY2025, it was 76.44%, up 10.80 percentage points from FY2024.
- Annual Gross Margin shows a four-year change of +61.85 percentage points (FY2021 to FY2025).
- In prior years, Gold Royalty's Gross Margin was 65.63% in FY2024 (-3.43 pp), 69.06% in FY2023 (+11.26 pp), 57.80% in FY2022 and 14.58% in FY2021.
- Quarterly Gross Margin has run from a low of 23.51% in Q2 2022 to a high of 92.48% in Q1 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 Q4 2025, with a gain of 26.78 percentage points; the weakest was Q4 2024, with a drop of 36.27 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 76.57% (Q1 2026), 66.01% (Q4 2025) and 70.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | - |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | - |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | 95.82% |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | - |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | 86.59% |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | - |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | - |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | - |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | - |
| 10 | Gold Royalty | 689.31 Mn | 621.95 Mn | 6.97 Mn | 68.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.06% |
| 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% |
API Access
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();