OR Royalties (OR) Gross Margin (2016 - 2026)
OR Royalties (OR) posted quarterly Gross Margin of 86.39% for Q1 2026, up 344.0% year-over-year from 19.46% in Q1 2025, and up 0.66% on a QoQ basis from 85.83% in Q4 2025.
OR Royalties (OR) Gross Margin (2016 - 2026) Analysis & Trends
OR Royalties (OR) has reported Gross Margin for 11 consecutive years, with 86.39% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 344.0% year-over-year to 86.39%; the TTM figure through Mar 2026 stood at 84.78% (up 408.0% YoY), while the FY2025 annual figure was 83.82%, up 440.0% from the prior year.
- Gross Margin came in at 86.39% for Q1 2026 at OR Royalties, up from 85.83% in the prior quarter.
- The five-year high for Gross Margin was 86.39% in Q1 2026, with the low at 65.4% in Q3 2022.
- Average Gross Margin over 5 years is 76.26%, with a median of 78.01% recorded in 2024.
- The largest YoY upside for Gross Margin was 1974 bps in 2022 against a maximum downside of 215 bps in 2022.
- Year by year, Gross Margin stood at 69.67% in 2022, then climbed by 6 bps to 73.84% in 2023, then advanced by 8 bps to 79.46% in 2024, then climbed by 8 bps to 85.83% in 2025, then gained by 1 bps to 86.39% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 86.39%, 85.83%, and 82.51% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | 52.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 86.39% |
| Dec 31, 2025 | 85.83% |
| Sep 30, 2025 | 82.51% |
| Jun 30, 2025 | 83.15% |
| Mar 31, 2025 | 82.95% |
| Dec 31, 2024 | 79.46% |
| Sep 30, 2024 | 79.64% |
| Jun 30, 2024 | 80.51% |
| Mar 31, 2024 | 78.01% |
| Dec 31, 2023 | 73.84% |
| Sep 30, 2023 | 65.79% |
| Jun 30, 2023 | 71.53% |
| Mar 31, 2023 | 70.57% |
| Dec 31, 2022 | 69.67% |
| Sep 30, 2022 | 65.40% |
| Jun 30, 2022 | 69.72% |
| Mar 31, 2022 | 71.44% |
| Dec 31, 2021 | 68.60% |
| Sep 30, 2021 | 67.54% |
| Jun 30, 2021 | 61.64% |