stockrowElemental Royalty Corp
ELE Basic Materials Gold
Elemental Royalty Corp’s revenue for fiscal 2025 (year ended December 2025) was $43.6 million, up 167.4% from fiscal 2024.
- Revenue
- +161.6%
- EPS
- +823.1%
- Free cash flow
- −36.9%
Quarter to June 2026, against a year earlier
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Elemental Royalty Corp (ELE) Piotroski F-score
Elemental Royalty Corp's Piotroski F-score for fiscal 2025 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.32% | (0.19%) | Pass | 1 |
| Positive operating cash flow | 30.81m | 4.82m | Pass | 1 |
| Rising return on assets | 0.32% | (0.19%) | Pass | 1 |
| Cash flow above net income | 29.04m | 5.18m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.01 | Pass | 1 |
| Rising current ratio | 6.58 | 6.30 | Pass | 1 |
| No new shares issued | 29,975,000 | 20,430,000 | Fail | 0 |
| Rising gross margin | 62.57% | 55.78% | Pass | 1 |
| Rising asset turnover | 0.08 | 0.08 | Fail | 0 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| DRD DRDGOLD Limited compare | 8 |
| ELE Elemental Royalty Corp | 7 |
| MAKO Mako Mining Corp. compare | 6 |
| GROY Gold Royalty Corp. compare | 6 |
| IAUX i-80 Gold Corp. compare | 5 |
| OGG Osisko Gold Group Inc. compare | 4 |
| HYMC Hycroft Mining Holding Corporation compare | 4 |
| DC Dakota Gold Corp. compare | — |
| CNL Collective Mining Ltd. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover