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
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%