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OROR Royalties Inc.
$30.11$5.6B
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OR logoOR Royalties Inc.(OR)Earnings, Financials & Key Ratios

OR•NYSE
$30.11
27.1× P/E·Price updated Jul 7, 2026
SectorBasic MaterialsIndustryGoldSub-IndustryGold royalty and streaming companies
AboutOR Royalties, Inc. engages in the acquisition, mining, and exploration of precious metals, streams, and other royalties. It holds interests in the Canadian Malartic mine. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.Show more
  • Revenue$282M+47.5%
  • EBITDA$243M+117.4%
  • Net Income$210M+1188.0%
  • EPS (Diluted)1.11+825.0%
  • Gross Margin83.38%-13.6%
  • EBITDA Margin86.26%+47.4%
  • Operating Margin72.92%+78.0%
  • Net Margin74.3%+773.1%
  • ROE16.01%+1099.3%

OR Price & Volume

OR Royalties Inc. (OR) stock price & volume — 10-year historical chart

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Accelerating Royalty Revenue Drives Operational Margin Expansion

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Asset concentration at Malartic

Key Thesis Takeaways

  • OR Royalties Inc.
  • is currently benefiting from a significant production ramp-up at the Odyssey project, which catalyzed an 84.7% year-over-year revenue increase in 2026Q1.
  • While the company has successfully deleveraged its balance sheet to a 0.00 debt-to-equity ratio, investors should monitor the binary risk profile created by heavy asset concentration at the Canadian Malartic complex.
  • Future performance will likely depend on balancing aggressive capital deployment, evidenced by a 95.8% CapEx/Revenue ratio, against the need to resolve a persistent retained earnings deficit of $224.9M.

Verdict Logic

while the forward P/E of 15.24 suggests potential value, the extreme geographic concentration at the Malartic complex and the negative free cash flow margin of 25.9% in 2026Q1 warrant a cautious approach.

OR Growth Metrics

OR Royalties Inc. (OR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years20.03%
5 Years5.71%
3 Years20.67%
TTM51.8%

Profit CAGR

10 Years21.97%
5 Years65.5%
3 Years-
TTM620.22%

EPS CAGR

10 Years13.24%
5 Years61.83%
3 Years-
TTM707.06%

Return on Capital

10 Years1.83%
5 Years6.41%
3 Years7.81%
Last Year14.18%

OR Recent Earnings

OR Royalties Inc. (OR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.40+17.6%
$0.34
Rev
$103M-0.4%
$103M
Q1 2026
Feb 18, 2026
Metric
Actual
Est
EPS
$0.32+3.2%
$0.31
Rev
$90M-0.4%
$91M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.22+15.8%
$0.19
Rev
$51M-27.8%
$71M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.13-23.5%
$0.17
Rev
$44M-26.4%
$60M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.40vs $0.34+17.6%
$103Mvs $103M-0.4%
Q1 2026Feb 18, 2026
$0.32vs $0.31+3.2%
$90Mvs $91M-0.4%
Q4 2025Nov 5, 2025
$0.22vs $0.19+15.8%
$51Mvs $71M-27.8%
Q3 2025Aug 5, 2025
$0.13vs $0.17-23.5%
$44Mvs $60M-26.4%
Based on last 12 quarters of dataView full earnings history →

Latest OR News

Recent stock market news and headlines for OR Royalties Inc. (OR)

Seeking Alpha·1 day ago
OR Royalties: A Mid-Tier Royalty Compounder Entering Its Harvest Phase

OR Royalties is evolving into a mid-tier royalty platform, diversifying beyond its legacy Canadian Malartic asset. OR delivers high-margin cash flow, a robust five-year growth profile, and significant exploration optionality without requiring direct sustaining capital from shareholders. Recent acquisitions, including Namdini, San Gabriel, and Spring Valley royalties, enhance both immediate revenue and future growth optionality.

GlobeNewsWire·5 days ago
Canadian Malartic – Barnat Pit Update

MONTRÉAL, July 02, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) notes that today, its operating partner, Agnico Eagle Mines Limited (“Agnico Eagle”), reported that a rock mass movement occurred on July 1, 2026, along the north wall of the Barnat open pit at the Canadian Malartic Complex (“Canadian Malartic”) in Québec, Canada. There were no injuries, equipment damage or environmental impact as a result of the event. As a precautionary measure, Agnico Eagle has temporarily suspended mining operations in the Barnat open pit. Agnico Eagle's technical teams are conducting a detailed geotechnical assessment to confirm the stability of the affected area and determine the appropriate path forward. Planning activities are underway to support the safe and orderly resumption of operations in the Barnat pit.

Peers Comparison

Key metrics vs top competitors for OR Royalties Inc. (OR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
OR logoOROR Royalties Inc.Current
$30.11$5.64B27.1347.52%74.3%16.01%0.62%
WPM logoWPMWheaton Precious Metals Corp.
$111.89$50.81B34.0183.33%65.55%21.33%—
RGLD logoRGLDRoyal Gold, Inc.
$196.61$13.65B29.3944.57%48.53%11.85%—
FNV logoFNVFranco-Nevada Corporation
$209.60$40.41B35.7763.69%65.12%18.68%—
EMX logoEMXEMX Royalty Corporation
$4.16$453.29M-144.4417.34%18.26%4.19%—
GROY logoGROYGold Royalty Corp.
$2.65$464.79M-112.2954.51%-5.65%-0.18%—

Compare OR vs Peers

OR Royalties Inc. (OR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WPM

Most directly comparable listed peer for OR.

Scale Benchmark

vs NEM

Larger-name benchmark to compare OR against a more recognizable public peer.

Peer Set

Compare Top 5

vs WPM, RGLD, FNV, EMX

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OR Frequently Asked Questions

OR Royalties Inc. (OR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is OR Royalties Inc.'s revenue?

OR Royalties Inc. (OR) reported $325.2M in revenue for fiscal year 2025.

How fast is OR Royalties Inc. growing?

OR Royalties Inc. (OR) grew revenue by 47.5% over the past year. This is strong growth.

Is OR profitable?

Yes, OR Royalties Inc. (OR) is profitable, generating $254.0M in net income for fiscal year 2025 (74.3% net margin).

Dividend & Returns
Does OR pay dividends?

Yes, OR Royalties Inc. (OR) pays a dividend with a yield of 0.62%. This makes it attractive for income-focused investors.

What is OR's return on equity?

OR Royalties Inc. (OR) has a return on equity (ROE) of 16.0%. This is reasonable for most industries.

What is OR Royalties Inc.'s free cash flow?

OR Royalties Inc. (OR) generated $142.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in OR back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →