Triple Flag Precious Metals (TFPM) Operating Margin (2021 - 2026)
Triple Flag Precious Metals' (TFPM) quarterly Operating Margin came in at 90.83% in Q1 2026, down 141.0% YoY from 221.54% in Q1 2025, and up 65.36% on a QoQ basis from 54.93% in Q4 2025.
Triple Flag Precious Metals (TFPM) Operating Margin (2021 - 2026) Analysis & Trends
Triple Flag Precious Metals (TFPM) has 6 years of Operating Margin data on file, last reported at 90.83% in Q1 2026.
- Quarterly Operating Margin fell 141.0% year-over-year to 90.83% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 67.62% (up 7014.0% YoY) and the FY2025 annual result came in at 56.81%, up 6349.0% from the prior year.
- Operating Margin rose to 90.83% in Q1 2026, from 54.93% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 99.59% in Q1 2024 to a low of 174.15% in Q2 2024.
- A 5-year average of 39.31% and a median of 54.93% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin slumped 21405 bps — and 2025, when it surged 23200 bps.
- Tracing TFPM's Operating Margin over 5 years: stood at 35.05% in 2022, then tumbled by 34 bps to 23.24% in 2023, then jumped by 140 bps to 55.77% in 2024, then retreated by 2 bps to 54.93% in 2025, then surged by 65 bps to 90.83% in 2026.
- The last three Operating Margin figures came in at 90.83% (Q1 2026), 54.93% (Q4 2025), and 60.48% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hecla Mining | 13.96 Bn | 13.48 Bn | 332.52 Mn | 43.64% |
| 2 | Buenaventura Mining | 8.67 Bn | 7.66 Bn | - | - |
| 3 | Triple Flag Precious Metals | 6.87 Bn | 6.85 Bn | 88.25 Mn | 65.28% |
| 4 | Perpetua Resources | 3.14 Bn | 3.14 Bn | - | - |
| 5 | Elemental Royalty | 1.40 Bn | 1.34 Bn | 15.71 Mn | 27.30% |
| 6 | Solaris Resources | 1.36 Bn | 1.30 Bn | - | - |
| 7 | McEwen | 1.22 Bn | 1.13 Bn | 20.08 Mn | 13.01% |
| 8 | Versamet Royalties | 1.13 Bn | 1.13 Bn | 13.99 Mn | 89.44% |
| 9 | Metalla Royalty & Streaming | 1.05 Bn | 1.04 Bn | 4.75 Mn | - |
| 10 | Integra Resources | 548.73 Mn | 442.10 Mn | 24.85 Mn | 26.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 65.28% |
| Mar 31, 2026 | 90.83% |
| Dec 31, 2025 | 54.93% |
| Sep 30, 2025 | 60.48% |
| Jun 30, 2025 | 57.85% |
| Mar 31, 2025 | 92.24% |
| Dec 31, 2024 | 55.77% |
| Sep 30, 2024 | 41.63% |
| Jun 30, 2024 | -174.15% |
| Mar 31, 2024 | 99.59% |
| Dec 31, 2023 | 23.24% |
| Sep 30, 2023 | -15.59% |
| Jun 30, 2023 | 39.89% |
| Mar 31, 2023 | 91.60% |
| Dec 31, 2022 | 35.05% |
| Sep 30, 2022 | 58.51% |
| Jun 30, 2022 | 45.40% |
| Mar 31, 2022 | 10.97% |
| Dec 31, 2021 | 43.65% |
| Sep 30, 2021 | -2.61% |