OR Royalties (OR) Operating Margin (2016 - 2026)
OR Royalties (OR) posted quarterly Operating Margin of 105.11% for Q1 2026, up 4908.0% year-over-year from 2.1% in Q1 2025, and little changed on a QoQ basis from 105.46% in Q4 2025.
OR Royalties (OR) Operating Margin (2016 - 2026) Analysis & Trends
OR Royalties (OR) has reported Operating Margin for 11 consecutive years, with 105.11% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 4908.0% year-over-year to 105.11%; the TTM figure through Mar 2026 stood at 98.71% (up 3884.0% YoY), while the FY2025 annual figure was 107.61%, up 5777.0% from the prior year.
- Operating Margin came in at 105.11% for Q1 2026 at OR Royalties, roughly flat from 105.46% in the prior quarter.
- The five-year high for Operating Margin was 114.01% in Q3 2023, with the low at 37.1% in Q2 2024.
- Average Operating Margin over 5 years is 79.03%, with a median of 103.69% recorded in 2022.
- Across the five-year window, Operating Margin soared 17873 bps in 2022 and sank 8344 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 103.25% in 2022, then climbed by 5 bps to 108.75% in 2023, then declined by 2 bps to 107.08% in 2024, then slipped by 2 bps to 105.46% in 2025, then retreated by 0 bps to 105.11% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 105.11%, 105.46%, and 106.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 58.20% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 82.36% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 60.86% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 105.11% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 74.85% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 51.44% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 79.47% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 55.58% |
| 10 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | 55.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 105.11% |
| Dec 31, 2025 | 105.46% |
| Sep 30, 2025 | 106.35% |
| Jun 30, 2025 | 68.63% |
| Mar 31, 2025 | 56.03% |
| Dec 31, 2024 | 107.08% |
| Sep 30, 2024 | 110.55% |
| Jun 30, 2024 | -37.10% |
| Mar 31, 2024 | 109.40% |
| Dec 31, 2023 | 108.75% |
| Sep 30, 2023 | 114.01% |
| Jun 30, 2023 | 46.35% |
| Mar 31, 2023 | 34.99% |
| Dec 31, 2022 | 103.25% |
| Sep 30, 2022 | 103.69% |
| Jun 30, 2022 | -0.56% |
| Mar 31, 2022 | 101.51% |
| Dec 31, 2021 | -75.48% |
| Sep 30, 2021 | -24.29% |
| Jun 30, 2021 | -27.44% |