OR Royalties (OR) Gross Margin (2016 - 2026)
OR Royalties (OR) recorded Gross Margin of 84.05% in Q2 2026, up 0.90 percentage points from 83.15% a year earlier but down 2.34 percentage points from the prior quarter.
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Analysis
OR Royalties (OR) Gross Margin (2016 - 2026) Analysis & Trends
On a TTM basis, OR Royalties' Gross Margin came in at 84.85% as of Jun 30, 2026, up 3.42 percentage points year-over-year; for FY2025, it came in at 83.82%, up 4.40 percentage points from FY2024.
- Annual Gross Margin has increased for seven straight years, with a five-year change of +34.98 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 79.42% in FY2024 (+8.96 pp), 70.45% in FY2023 (+1.41 pp), 69.04% in FY2022 (+7.29 pp) and 61.75% in FY2021 (+12.92 pp).
- Quarterly Gross Margin has ranged from 65.40% in Q3 2022 to 86.39% in Q1 2026 over the past five years.
- On a year-over-year basis, Gross Margin has increased for 13 consecutive quarters, with an average year-over-year change of +5.08 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 19.74 percentage points in Q1 2022, against a drop of 2.15 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 86.39% (Q1 2026), 85.83% (Q4 2025) and 82.51% (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 | OR Royalties | 6.81 Bn | 6.44 Bn | 82.22 Mn | 84.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 84.05% |
| 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% |
API Access
OR Royalties 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=OR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "OR", "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=OR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();