Triple Flag Precious Metals (TFPM) Gross Margin (2022 - 2026)
Triple Flag Precious Metals' Gross Margin came in at 68.30% for Q2 2026, up 2.04 percentage points from 66.25% a year earlier but down 3.74 percentage points from the prior quarter.
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Analysis
Triple Flag Precious Metals (TFPM) Gross Margin (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Triple Flag Precious Metals reported Gross Margin of 70.57%, up 10.33 percentage points year-over-year; for FY2025, it was 67.64%, up 9.94 percentage points from FY2024.
- Gross Margin carries a four-year change of +12.29 percentage points (FY2021 to FY2025).
- Going back by year, Gross Margin was 57.70% in FY2024 (+7.67 pp), 50.03% in FY2023 (-7.25 pp), 57.28% in FY2022 (+1.94 pp) and 55.35% in FY2021.
- The five-year range for quarterly Gross Margin is 49.77% (Q3 2024) to 72.82% (Q4 2025).
- Year-over-year, Gross Margin has increased for five consecutive quarters, with an average year-over-year change of +8.06 percentage points over the last seven quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2025 (a gain of 18.78 percentage points), and the weakest in Q2 2023 (a drop of 7.08 percentage points).
- Business Quant data shows TFPM's Gross Margin at 72.03% (Q1 2026), 72.82% (Q4 2025) and 68.54% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 174.92 Bn | 121.05 Bn | - | - |
| 2 | Spdr Gold Trust | 136.71 Bn | -421.29 Bn | - | - |
| 3 | Blackstone | 88.22 Bn | 78.20 Bn | - | - |
| 4 | Brookfield | 83.92 Bn | -99.40 Bn | - | - |
| 5 | Kkr | 79.85 Bn | -3.72 Mn | - | - |
| 6 | Brookfield Asset Management | 73.42 Bn | 68.22 Bn | - | - |
| 7 | Apollo Global Management | 65.92 Bn | -16.87 Bn | 10.56 Bn | 94.67% |
| 8 | Wheaton Precious Metals | 59.50 Bn | 54.92 Bn | 687.86 Mn | - |
| 9 | Franco Nevada | 46.38 Bn | 43.74 Bn | 451.00 Mn | 77.64% |
| 10 | Triple Flag Precious Metals | 6.24 Bn | 5.83 Bn | 88.25 Mn | 68.30% |
Historic Data
Download Data
Historic 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% |
| Dec 31, 2023 | 51.12% |
| Sep 30, 2023 | 52.22% |
| Jun 30, 2023 | 51.24% |
| Jun 30, 2022 | 58.32% |
| Mar 31, 2022 | 57.06% |
API Access
Triple Flag Precious Metals Gross 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=gross-margin&ticker=TFPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TFPM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TFPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();