Triple Flag Precious Metals (TFPM) Operating Margin (2022 - 2026)
Triple Flag Precious Metals (TFPM) recorded Operating Margin of 65.28% in Q2 2026, up 7.44 percentage points from 57.85% a year earlier but down 1.66 percentage points from the prior quarter.
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Analysis
Triple Flag Precious Metals (TFPM) Operating Margin (2022 - 2026) Analysis & Trends
On a TTM basis, Triple Flag Precious Metals' Operating Margin came in at 62.34% as of Jun 30, 2026, up 9.59 percentage points year-over-year; for FY2025, it came in at 56.81%, up 63.49 percentage points from FY2024.
- Annual Operating Margin has a four-year change of +11.11 percentage points (FY2021 to FY2025).
- Across earlier years, Operating Margin came in at -6.69% in FY2024 (-26.75 pp), 20.06% in FY2023 (-22.15 pp), 42.21% in FY2022 (-3.49 pp) and 45.70% in FY2021.
- Quarterly Operating Margin has ranged from -174.15% in Q2 2024 to 66.94% in Q1 2026 over the past five years.
- On a year-over-year basis, Operating Margin rose in six of the last seven quarters, with an average year-over-year change of +51.42 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 232.00 percentage points in Q2 2025, against a drop of 214.05 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 66.94% (Q1 2026), 54.93% (Q4 2025) and 60.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 174.92 Bn | 121.05 Bn | - | 34.74% |
| 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 | 16.30% |
| 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 | 76.73% |
| 10 | Triple Flag Precious Metals | 6.24 Bn | 5.83 Bn | 88.25 Mn | 65.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.28% |
| Mar 31, 2026 | 66.94% |
| Dec 31, 2025 | 54.93% |
| Sep 30, 2025 | 60.48% |
| Jun 30, 2025 | 57.85% |
| Mar 31, 2025 | 54.17% |
| Dec 31, 2024 | 55.77% |
| Sep 30, 2024 | 41.63% |
| Jun 30, 2024 | -174.15% |
| Dec 31, 2023 | 23.24% |
| Sep 30, 2023 | -15.59% |
| Jun 30, 2023 | 39.89% |
| Jun 30, 2022 | 45.40% |
| Mar 31, 2022 | 45.51% |
API Access
Triple Flag Precious Metals 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=TFPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TFPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();