Triple Flag Precious Metals (TFPM) Gross Margin (2021 - 2026)
Triple Flag Precious Metals' (TFPM) quarterly Gross Margin came in at 72.03% in Q1 2026, up 1132.0% YoY from 5.85% in Q1 2025, and down 1.07% on a QoQ basis from 72.82% in Q4 2025.
Triple Flag Precious Metals (TFPM) Gross Margin (2021 - 2026) Analysis & Trends
Triple Flag Precious Metals (TFPM) has 6 years of Gross Margin data on file, last reported at 72.03% in Q1 2026.
- Quarterly Gross Margin rose 1132.0% year-over-year to 72.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 70.02% (up 1135.0% YoY) and the FY2025 annual result came in at 67.64%, up 994.0% from the prior year.
- Gross Margin retreated to 72.03% in Q1 2026, from 72.82% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 72.82% in Q4 2025 to a low of 45.5% in Q1 2023.
- A 5-year average of 58.9% and a median of 58.32% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin sank 1156 bps — and 2025, when it jumped 1878 bps.
- Tracing TFPM's Gross Margin over 5 years: stood at 55.73% in 2022, then retreated by 8 bps to 51.12% in 2023, then rose by 22 bps to 62.5% in 2024, then rose by 17 bps to 72.82% in 2025, then slipped by 1 bps to 72.03% in 2026.
- The last three Gross Margin figures came in at 72.03% (Q1 2026), 72.82% (Q4 2025), and 68.54% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hecla Mining | 13.89 Bn | 13.40 Bn | 332.52 Mn | 99.60% |
| 2 | Buenaventura Mining | 8.91 Bn | 7.89 Bn | - | - |
| 3 | Triple Flag Precious Metals | 6.95 Bn | 6.93 Bn | 88.25 Mn | 68.30% |
| 4 | Perpetua Resources | 3.23 Bn | 3.23 Bn | - | - |
| 5 | Solaris Resources | 1.46 Bn | 1.41 Bn | - | - |
| 6 | Elemental Royalty | 1.43 Bn | 1.36 Bn | 15.71 Mn | 64.57% |
| 7 | McEwen | 1.25 Bn | 1.16 Bn | 20.08 Mn | 33.90% |
| 8 | Versamet Royalties | 1.15 Bn | 1.15 Bn | 13.99 Mn | 58.96% |
| 9 | Metalla Royalty & Streaming | 1.04 Bn | 1.03 Bn | 4.75 Mn | - |
| 10 | Integra Resources | 548.73 Mn | 442.10 Mn | 24.85 Mn | 40.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 68.30% |
| Mar 31, 2026 | 72.03% |
| Dec 31, 2025 | 72.82% |
| Sep 30, 2025 | 68.54% |
| Jun 30, 2025 | 66.25% |
| Mar 31, 2025 | 60.71% |
| Dec 31, 2024 | 62.50% |
| Sep 30, 2024 | 49.77% |
| Jun 30, 2024 | 61.19% |
| Mar 31, 2024 | 57.81% |
| Dec 31, 2023 | 51.12% |
| Sep 30, 2023 | 52.22% |
| Jun 30, 2023 | 51.24% |
| Mar 31, 2023 | 45.50% |
| Dec 31, 2022 | 55.73% |
| Sep 30, 2022 | 58.42% |
| Jun 30, 2022 | 58.32% |
| Mar 31, 2022 | 57.06% |
| Dec 31, 2021 | 55.83% |
| Sep 30, 2021 | 54.36% |