OR Royalties (OR) Operating Margin (2015 - 2026)
OR Royalties (OR) reported Operating Margin of 77.00% for Q2 2026, up 8.37 percentage points from 68.63% a year earlier but down 8.41 percentage points from the prior quarter.
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Analysis
OR Royalties (OR) Operating Margin (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, OR Royalties' Operating Margin came in at 77.18%, up 8.83 percentage points year-over-year; for FY2025, it was 70.94%, up 29.97 percentage points from FY2024.
- Operating Margin has a five-year change of +51.42 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 40.97% in FY2024 (+5.79 pp), 35.18% in FY2023 (-21.28 pp), 56.46% in FY2022 (+6.58 pp) and 49.87% in FY2021 (+30.35 pp).
- Five-year quarterly Operating Margin spans a low of -37.10% in Q2 2024 and a high of 85.41% in Q1 2026.
- Year over year, Operating Margin has now increased in each of the last three quarters, with an average year-over-year change of +29.76 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q2 2025 (a gain of 105.73 percentage points); the low point was Q2 2024 (a drop of 83.44 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 85.41% (Q1 2026), 77.53% (Q4 2025) and 65.18% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | - |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | 59.53% |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | 4.59% |
| 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 | 65.35% |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | 14.82% |
| 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 | 77.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77.00% |
| Mar 31, 2026 | 85.41% |
| Dec 31, 2025 | 77.53% |
| Sep 30, 2025 | 65.18% |
| Jun 30, 2025 | 68.63% |
| Mar 31, 2025 | 70.13% |
| 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% |
API Access
OR Royalties Operating 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=operating-margin&ticker=OR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=OR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();