Saturday 17 October 2026
Export OR’s income statement to Excel — free account
OR Royalties Inc.
OR Royalties Inc.’s revenue for fiscal 2025 (year ended December 2025) was $277.4 million, up 45.1% from fiscal 2024. In the quarter to June 2026, revenue grew 62.1%, EPS grew 94.1% and free cash flow grew 61.9%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.
35.55
0.39
+1.11%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
33.17 | 0.00 | 0.00 | 0.00 | 181.14 | 0.00 | 0.00 | 0.00 | 201.11 | 32.17 |
Piotroski F-Score |
— | 3 | 4 | 4 | 6 | 4 | 5 | 5 | 8 | 8 |
P/S ratio |
22.00 | 8.98 | 3.63 | 4.96 | 12.90 | 11.44 | 13.19 | 14.22 | 17.64 | 23.96 |
Altman Z-Score |
4.78 | 2.11 | 2.50 | 2.36 | 3.13 | 2.38 | 6.59 | 6.59 | 10.68 | 30.10 |
Altman Z″-Score (non-manufacturers) |
9.32 | 4.12 | 4.29 | 2.78 | 3.97 | 2.11 | 6.98 | 5.14 | 6.27 | 11.95 |
P/FCF ratio |
30.64 | 40.34 | 20.74 | 22.81 | 76.69 | 0.00 | 0.00 | 0.00 | 0.00 | 78.38 |
Beneish M-Score |
(2.94) | (0.26) | (1.34) | (3.97) | (1.02) | (2.79) | (2.48) | (1.16) | (3.23) | (2.12) |
P/Operating CF |
113.54 | 92.96 | 93.50 | 115.95 | 85.59 | 195.26 | 58.92 | 70.70 | 67.76 | 79.55 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 70 |
P/B ratio |
1.14 | 1.01 | 1.01 | 1.31 | 1.50 | 1.45 | 1.65 | 2.09 | 2.84 | 4.64 |
Price to Tangible BV |
1.25 | 1.07 | 1.07 | 1.41 | 1.59 | 1.54 | 1.77 | 2.24 | 3.03 | 4.92 |
EV/Sales |
14.73 | 9.59 | 3.98 | 5.53 | 13.35 | 12.76 | 14.82 | 15.94 | 19.02 | 24.40 |
EV/EBITDA |
22.75 | 0.00 | 0.00 | 0.00 | 32.18 | 427.02 | 18.40 | 27.26 | 32.49 | 28.95 |
EV/Operating CF |
17.28 | 41.97 | 23.75 | 23.69 | 26.41 | 27.04 | 29.35 | 21.10 | 22.73 | 27.56 |
EV/FCF |
20.52 | 43.09 | 22.70 | 25.40 | 79.32 | (34.82) | (32.56) | (130.58) | (4,103.81) | 79.82 |
Quick Ratio |
32.15 | 11.86 | 8.55 | 4.84 | 2.91 | 0.38 | 5.72 | 4.02 | 4.26 | 4.45 |
Current Ratio |
32.21 | 12.24 | 8.59 | 5.03 | 3.06 | 0.44 | 5.87 | 4.11 | 4.37 | 4.53 |
Net Debt/EBITDA |
(11.22) | (3.09) | (2.77) | (1.64) | 1.07 | 43.88 | 0.33 | 0.82 | 0.31 | (0.61) |
Debt/Assets |
3.23% | 18.45% | 15.79% | 17.98% | 16.70% | 17.31% | 7.41% | 9.76% | 6.82% | 0.00% |
Debt/Equity |
0.04 | 0.25 | 0.20 | 0.23 | 0.22 | 0.23 | 0.09 | 0.12 | 0.08 | 0.00 |
Asset Turnover |
0.05 | 0.11 | 0.21 | 0.19 | 0.10 | 0.10 | 0.10 | 0.12 | 0.13 | 0.19 |
Operating CF/Net income |
1.27 | (1.15) | (0.78) | (0.39) | 6.40 | (4.50) | (0.93) | (3.70) | 9.83 | 1.19 |
Capex/Depreciation |
(0.73) | (0.04) | 0.07 | (0.13) | (1.54) | (3.63) | (2.54) | 0.00 | 0.00 | 0.00 |
Interest Coverage |
8.47 | (8.40) | (4.37) | (7.78) | 1.60 | (1.84) | 5.50 | 4.59 | 9.83 | 43.97 |
| 3.85% | (2.76%) | (5.76%) | (14.16%) | 1.01% | (1.34%) | (6.63%) | (2.90%) | 1.34% | 15.73% | |
| 3.32% | (2.18%) | (4.45%) | (11.06%) | 0.77% | (1.02%) | (5.33%) | (2.48%) | 1.14% | 14.00% | |
ROIC |
2.40% | (2.17%) | (3.66%) | (6.68%) | 1.35% | (1.36%) | 4.28% | 3.02% | 4.00% | 9.53% |
Return on Tangible Assets |
8.51% | (9.97%) | (39.16%) | (51.34%) | 2.36% | (5.33%) | (126.50%) | (3.06%) | 1.40% | 16.42% |
Average Days of Receivables |
49.01 | 14.35 | 9.17 | 5.89 | 22.03 | 23.85 | 19.61 | 9.46 | 5.93 | 4.25 |
Research and Development Expense of Revenue |
11.24% | 8.87% | 0.96% | 1.61% | 4.88% | 2.39% | 2.47% | 2.50% | 2.95% | 3.35% |
Selling, General and Administrative Expense of Revenue |
26.90% | 12.28% | 3.70% | 6.03% | 12.12% | 18.35% | 9.28% | 13.29% | 9.57% | 7.55% |
Intangible Assets out of Total Assets |
0.08 | 0.04 | 0.05 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 |
Share Based Compensation of Revenue |
11.77% | 4.94% | 1.18% | 2.12% | 4.38% | 5.91% | 3.27% | 4.21% | 3.26% | 3.02% |
Graham Net Nets |
0.22 | (0.14) | (0.15) | (0.16) | (0.08) | (0.17) | (0.05) | (0.07) | (0.04) | 0.00 |
Graham Number |
7.69 | 0.00 | 0.00 | 0.00 | 3.65 | 0.00 | 0.00 | 0.00 | 3.60 | 13.74 |
Earnings Yield |
3.02% | (1.47%) | (5.78%) | (12.26%) | 0.55% | (0.90%) | (4.08%) | (1.35%) | 0.50% | 3.11% |
Free Cash Flow Yield |
3.26% | 2.48% | 4.82% | 4.38% | 1.30% | (3.20%) | (3.45%) | (0.86%) | (0.03%) | 1.28% |
Revenue per Share |
0.45 | 1.29 | 2.42 | 1.96 | 0.98 | 1.07 | 0.93 | 0.99 | 1.03 | 1.48 |
Operating CF per Share |
0.39 | 0.29 | 0.40 | 0.46 | 0.50 | 0.51 | 0.47 | 0.75 | 0.86 | 1.31 |
Capex per Share |
(0.06) | (0.01) | 0.02 | (0.03) | (0.33) | (0.90) | (0.57) | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
0.32 | 0.29 | 0.42 | 0.43 | 0.17 | (0.39) | (0.10) | 0.75 | 0.86 | 1.31 |
Cash per Share |
3.62 | 2.01 | 0.91 | 0.64 | 1.41 | 0.55 | 0.39 | 0.31 | 0.32 | 0.76 |
Shareholders Equity per Share |
8.76 | 11.42 | 8.73 | 7.44 | 8.47 | 8.47 | 7.41 | 6.74 | 6.38 | 7.63 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
8.76 | 11.42 | 8.73 | 7.44 | 8.47 | 8.47 | 7.41 | 6.74 | 6.38 | 7.63 |
Free Cash Flow |
33.99 | 36.60 | 66.31 | 64.39 | 26.84 | (65.73) | (17.84) | 138.44 | 159.93 | 245.60 |
Working Capital |
373.73 | 250.01 | 134.70 | 84.78 | 168.44 | (154.27) | 66.86 | 48.08 | 49.20 | 115.05 |
Capital Expenditures |
(6.37) | (0.98) | 2.92 | (4.64) | (53.77) | (150.38) | (102.41) | — | — | — |
Net Current Asset Value |
233.16 | (207.51) | (204.79) | (236.16) | (164.89) | (349.19) | (118.68) | (174.99) | (124.87) | 13.25 |
EV/EBIT |
31.75 | 0.00 | 0.00 | 0.00 | 68.37 | 0.00 | 26.25 | 45.32 | 46.41 | 34.39 |
Capex to Sales |
0.13 | 0.01 | (0.01) | 0.02 | 0.34 | 0.84 | 0.61 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
47.41 | 0.00 | 0.00 | 0.00 | 66.11 | 0.00 | 23.36 | 40.42 | 43.05 | 33.77 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
43.26 | 0.28 | 0.56 | 0.14 | 0.10 | 0.08 | 7.55 | 0.04 | 0.03 | 0.03 |
Cash ROIC |
2.56% | 1.76% | 3.72% | 4.33% | 1.41% | (3.57%) | (1.17%) | 9.54% | 11.92% | 15.60% |
Accounts Receivable Turnover |
8.42 | 25.65 | 47.38 | 41.45 | 22.16 | 16.81 | 16.17 | 26.65 | 48.67 | 87.60 |
Accounts Payable Turnover |
0.00 | 13.61 | 31.35 | 20.13 | 3.32 | 2.33 | 3.55 | 9.45 | 6.82 | 7.01 |
Inventory Turnover |
— | 15.57 | 44.08 | 53.24 | 18.09 | 6.15 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 36.36 | 10.10 | 22.11 | 156.58 | 127.52 | 36.94 | 41.84 | 49.46 | 60.80 |
Days of Inventory on Hand |
— | 23.41 | 8.07 | 2.40 | 33.48 | 78.92 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
5.62 | 6.41 | 7.99 | 7.14 | 7.20 | 10.67 | 10.36 | 6.87 | 3.93 | 3.17 |
Average Payables |
7.30 | 8.71 | 10.43 | 11.60 | 24.57 | 29.49 | 14.61 | 5.73 | 5.77 | 6.40 |
Average Inventory |
— | 7.62 | 7.42 | 4.39 | 4.51 | 11.16 | — | — | — | — |
Average Assets |
958.50 | 1,505.35 | 1,832.57 | 1,595.74 | 1,628.44 | 1,840.48 | 1,713.54 | 1,511.01 | 1,432.05 | 1,472.06 |
Average Common Equity |
825.73 | 1,189.19 | 1,414.07 | 1,246.12 | 1,249.90 | 1,397.32 | 1,378.29 | 1,292.10 | 1,218.44 | 1,310.50 |
Columns are period end dates