OR Royalties (OR) Gross Margin (2016 - 2026)

OR Royalties (OR) recorded quarterly Gross Margin of 86.39% in Q1 2026, up 0.66% quarter-over-quarter from 85.83% in Q4 2025, and up 344.0% on a YoY basis from 19.46% in Q1 2025.

OR Royalties (OR) Gross Margin (2016 - 2026) Analysis & Trends

OR Royalties' Gross Margin history runs 11 years deep, the most recent figure standing at 86.39% for 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 was 86.39% for Q1 2026 at OR Royalties, up from 85.83% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 86.39% in Q1 2026 to a low of 65.4% in Q3 2022.
  • Historically, Gross Margin has averaged 76.26% across 5 years, with a median of 78.01% in 2024.
  • Biggest YoY gain for Gross Margin was 1974 bps in 2022; the steepest drop was 215 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 69.67% in 2022, then rose by 6 bps to 73.84% in 2023, then increased by 8 bps to 79.46% in 2024, then rose by 8 bps to 85.83% in 2025, then grew by 1 bps to 86.39% in 2026.
  • The last three Gross Margin figures came in at 86.39% (Q1 2026), 85.83% (Q4 2025), and 82.51% (Q3 2025), per Business Quant data.

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 OR Royalties 12,304.50 -94.93 Mn 88.84 Mn 86.39%

Historic Data

Download Data
DateValue
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%