Triple Flag Precious Metals (TFPM) Operating Margin (2021 - 2026)
Triple Flag Precious Metals' (TFPM) quarterly Operating Margin came in at 65.28% in Q2 2026, up 744.0% on a YoY basis from 7.74% in Q2 2025, and down 2.47% quarter-over-quarter from 66.94% in Q1 2026.
Analysis
Triple Flag Precious Metals (TFPM) Operating Margin (2021 - 2026) Analysis & Trends
Triple Flag Precious Metals (TFPM) has reported Operating Margin for 6 consecutive years, with 65.28% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 744.0% year-over-year to 65.28%; the trailing twelve-month figure through Jun 2026 stood at 62.34% (up 959.0% YoY), and the FY2025 full-year result was 56.81%, up 6349.0% from the prior year.
- Operating Margin slipped to 65.28% in Q2 2026 per TFPM's latest filing, from 66.94% in the prior quarter.
- Across five years, Operating Margin topped out at 66.94% in Q1 2026 and bottomed at 174.15% in Q2 2024.
- Historically, Operating Margin has averaged 32.85% across 5 years, with a median of 45.45% in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Margin tumbled 21405 bps in 2024, then soared 23200 bps in 2025.
- Over 5 years, Operating Margin stood at 34.67% in 2022, then plunged by 33 bps to 23.24% in 2023, then soared by 140 bps to 55.77% in 2024, then retreated by 2 bps to 54.93% in 2025, then increased by 19 bps to 65.28% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 65.28%, 66.94%, and 54.93% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 101.92 Bn | 99.41 Bn | - | - |
| 2 | Kkr | 91.13 Bn | -185.94 Bn | - | 35.61% |
| 3 | Apollo Global Management | 76.75 Bn | 51.38 Bn | 10.54 Bn | 47.97% |
| 4 | Brookfield Asset Management | 75.92 Bn | 74.41 Bn | - | - |
| 5 | Wheaton Precious Metals | 69.49 Bn | 69.39 Bn | 687.86 Mn | 71.79% |
| 6 | Franco Nevada | 50.72 Bn | 49.18 Bn | 451.00 Mn | 76.73% |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | 176.87% |
| 8 | Ares Management | 30.21 Bn | 30.21 Bn | - | - |
| 9 | Carlyle | 15.63 Bn | 14.37 Bn | - | - |
| 10 | Triple Flag Precious Metals | 6.78 Bn | 6.76 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% |
| Mar 31, 2024 | 48.45% |
| Dec 31, 2023 | 23.24% |
| Sep 30, 2023 | -15.59% |
| Jun 30, 2023 | 39.89% |
| Mar 31, 2023 | 42.03% |
| Dec 31, 2022 | 34.67% |
| Sep 30, 2022 | 44.87% |
| Jun 30, 2022 | 45.40% |
| Mar 31, 2022 | 45.51% |
| Dec 31, 2021 | 42.51% |
| Sep 30, 2021 | 42.95% |