OR Royalties (OR) Operating Margin (2015 - 2026)

OR Royalties (OR) recorded quarterly Operating Margin of 85.41% in Q1 2026, up 10.16% quarter-over-quarter from 77.53% in Q4 2025, and down 244342.0% on a YoY basis from N/an in Q1 2025.

OR Royalties (OR) Operating Margin (2015 - 2026) Analysis & Trends

OR Royalties' Operating Margin history runs 12 years deep, the most recent figure standing at 85.41% for Q1 2026.

  • In Q1 2026, Operating Margin fell 244342.0% year-over-year to 85.41%; the TTM figure through Mar 2026 stood at 68.95% (down 62187.0% YoY), while the FY2025 annual figure was 564.76%, down 15592.0% from the prior year.
  • Operating Margin was 85.41% for Q1 2026 at OR Royalties, up from 77.53% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 2528.82% in Q1 2025 to a low of 37.1% in Q2 2024.
  • Historically, Operating Margin has averaged 454.68% across 5 years, with a median of 59.09% in 2022.
  • The sharpest annual moves came in 2025 and 2026: Operating Margin surged 246314 bps in 2025, then tumbled 244342 bps in 2026.
  • A 5-year view of Operating Margin shows it stood at 55.84% in 2022, then slumped by 61 bps to 21.87% in 2023, then soared by 213 bps to 68.54% in 2024, then rose by 13 bps to 77.53% in 2025, then increased by 10 bps to 85.41% in 2026.
  • The last three Operating Margin figures came in at 85.41% (Q1 2026), 77.53% (Q4 2025), and 2117.63% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating 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 58.20%
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 74.85%
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn 57.78%
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn 55.58%
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 60.86%
8 Equinox Gold 47.64 Bn 47.14 Bn - -
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn 29.17%
10 OR Royalties 12,304.50 -94.93 Mn 88.84 Mn 85.41%

Historic Data

Download Data
DateValue
Mar 31, 2026 85.41%
Dec 31, 2025 77.53%
Sep 30, 2025 2,117.63%
Jun 30, 2025 2,389.16%
Mar 31, 2025 2,528.82%
Dec 31, 2024 68.54%
Sep 30, 2024 65.34%
Jun 30, 2024 -37.10%
Mar 31, 2024 65.68%
Dec 31, 2023 21.87%
Sep 30, 2023 16.62%
Jun 30, 2023 46.35%
Mar 31, 2023 57.64%
Dec 31, 2022 55.84%
Sep 30, 2022 53.49%
Jun 30, 2022 57.69%
Mar 31, 2022 59.09%
Dec 31, 2021 55.81%
Sep 30, 2021 56.69%
Jun 30, 2021 -27.44%