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| Date | Value |
|---|---|
| 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% |