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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Market cap: $6.6B
P/E: 23.5×
Fwd P/E: 24.0×
Dividend yield: 0.68%
F-score: 8/9
Altman Z: 30.10
Beneish M: −2.12
Dividend safety: 70/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.13%

Capital & Financial Ratios $m

Market Cap 6,550.00

Revenue 362.74

Net Income 283.06

Free Cash Flow 303.17

Net Debt 139.40

Current Ratio 2.28

Debt/Equity 0.14

P/E ratio 23.54

Fwd P/E 24.00

P/S ratio 18.40

P/B ratio 4.50

Past 5Y EPS Growth 68.60%

This Y EPS Growth 42.63%

Next Y EPS Growth 3.57%

Next Y revenue growth 55.80%

Next 5Y EPS Growth 22.14%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 4.80%

10-year low 10-year high

P/S against its own 10 years 67.68%

10-year low 10-year high

P/B against its own 10 years 90.66%

10-year low 10-year high

EV/Sales against its own 10 years 73.74%

10-year low 10-year high

EV/FCF against its own 10 years 59.72%

10-year low 10-year high

Dividends

Payout Ratio 0.16

Annual Dividend Rate 0.24

Annual Dividend Yield 0.68%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.25	0.06 0.07 0.07
2025	0.21	0.05 0.06 0.06 0.06
2024	0.19	0.04 0.05 0.05 0.05
2023	0.18	0.04 0.05 0.04 0.05
2022	0.21	0.04 0.04 0.04 0.04 0.04
2021	0.21	0.04 0.04 0.04 0.04 0.04
2020	0.15	0.04 0.04 0.04 0.04
2019	0.15	0.04 0.04 0.04 0.04
2018	0.15	0.04 0.04 0.04 0.04
2017	0.14	0.03 0.03 0.04 0.04
2016	0.16	0.03 0.03 0.03 0.03 0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	57	59	142	76
Receivables	5	3	3	33
Inventory	—	—	—	—
Other	1	2	2	2
	64	64	148	111

	2023	2024	2025	Q'26
Payables	6	5	7	25
ST’ Debt	—	—	—	—
Other	—	—	—	—
	15	15	33	49

Compound Annual Growth %

	10y	5y	3y
Sales	22.79%	11.71%	18.30%
Cash Flow	26.81%	24.96%	42.67%
Earnings	24.78%	74.88%	0.00%
Book Value	6.91%	0.83%	2.33%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	103	98	—	—	—
’25	55	60	72	90	277
’24	45	47	42	57	191
’23	44	45	46	48	183
’22	47	50	41	29	168
’21	53	47	40	40	179
’20	39	29	42	49	159

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	72	83	—	—	—
’25	46	51	65	84	246
’24	37	38	35	50	160
’23	34	35	33	37	138
’22	19	0	29	38	85
’21	17	26	32	11	85
’20	18	11	28	24	81

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	72	83	—	—	—
’25	46	51	65	84	246
’24	37	38	35	50	160
’23	34	35	33	37	138
’22	8	(17)	29	(65)	(18)
’21	(12)	(20)	(14)	(21)	(66)
’20	7	3	15	2	27

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.39	0.33	—	—	—
’25	0.14	0.17	0.44	0.34	1.09
’24	0.06	(0.08)	0.07	0.04	0.09
’23	0.08	0.07	(0.08)	(0.26)	(0.19)
’22	0.00	0.07	(0.66)	0.09	(0.51)
’21	0.05	(0.07)	0.01	(0.10)	(0.11)
’20	(0.07)	0.06	0.06	0.02	0.08

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.88	9.64	7.00	8.34	4.65	9.77	9.20	11.24	12.77	17.55	Analyst estimates 2026–2028 Powerpack
	High	14.74	14.39	12.10	13.43	13.31	15.12	14.57	17.96	21.29	42.25
People
People	Employees	28	42	40	124	33	28	26	25	27	23
	Revenue/emp, $m	1.69	3.92	9.46	2.39	4.83	6.41	6.44	7.33	7.08	12.06
Income, $m
Income, $m	Revenue	47	164	378	296	159	179	168	183	191	277
	Gross margin, %	100.00	27.91	13.57	21.07	48.83	61.75	69.04	70.45	79.42	83.82
	EBT	39	(51)	(109)	(207)	20	(35)	87	(28)	30	241
	EBT margin, %	82.29	(30.92)	(28.69)	(69.94)	12.71	(19.44)	51.94	(15.08)	15.77	87.03
	Net income	32	(33)	(81)	(176)	12	(45)	66	(37)	16	206
	Depreciation	9	22	41	36	35	41	40	43	34	37
Per share, $
Per share, $	Revenue	0.45	1.29	2.42	1.96	0.98	1.07	0.93	0.99	1.03	1.48
	Earnings	0.30	(0.25)	(0.52)	(1.17)	0.08	(0.11)	(0.51)	(0.19)	0.09	1.10
	Cash flow	0.39	0.29	0.40	0.46	0.50	0.51	0.47	0.75	0.86	1.31
	Capex	(0.06)	(0.01)	0.02	(0.03)	(0.33)	(0.90)	(0.57)	0.00	0.00	0.00
	Free cash flow	0.32	0.29	0.42	0.43	0.17	(0.39)	(0.10)	0.75	0.86	1.31
	Book value	8.76	11.42	8.73	7.44	8.47	8.47	7.41	6.74	6.38	7.63
	Shares, m	105	128	157	151	162	168	180	185	186	188
Valuation, ×
Valuation, ×	P/E	33.17	0.00	0.00	0.00	181.14	0.00	0.00	0.00	201.11	32.17
	P/S	22.00	8.98	3.63	4.96	12.90	11.44	13.19	14.22	17.64	23.96
	P/B	1.14	1.01	1.01	1.31	1.50	1.45	1.65	2.09	2.84	4.64
	EV/Sales	14.73	9.59	3.98	5.53	13.35	12.76	14.82	15.94	19.02	24.40
	EV/FCF	20.52	43.09	22.70	25.40	79.32	(34.82)	(32.56)	(130.58)	(4,103.81)	79.82
Cash, $m
Cash, $m	Operating cash flow	40	38	63	69	81	85	85	138	160	246
	Capex	(6)	(1)	3	(5)	(54)	(150)	(102)	—	—	—
	Free cash flow	34	37	66	64	27	(66)	(18)	138	160	246
Balance, $m
Balance, $m	Working capital	374	250	135	85	168	(154)	67	48	49	115
	Total debt	35	358	272	264	299	327	114	145	94	—
	Net debt	(344)	101	130	167	70	235	44	88	35	(142)
	Shareholders’ equity	917	1,461	1,367	1,125	1,374	1,420	1,336	1,248	1,189	1,432
Returns, %
Returns, %	ROA	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
	ROE	3.85	(2.76)	(5.76)	(14.16)	1.01	(1.34)	(6.63)	(2.90)	1.34	15.73

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EQX Equinox Gold Corp.	$13.0B	10.7×	8.0×	+169.33% (above 0%: growing)	+480.00% (above 0%: growing)	−103.64% (below 0%: shrinking)	39.20%	32.14%	Compare
HMY Harmony Gold Mining Company Limited	$10.7B	52.5×	3.6×	−3.10% (below 0%: shrinking)	n/m	+265.24% (above 0%: growing)	26.37%	0.00%	Compare
AUGO Aura Minerals Inc.	$7.2B	24.4×	7.3×	+76.42% (above 0%: growing)	+2,263.64% (above 0%: growing)	+0.29% (above 0%: growing)	56.99%	52.18%	Compare
BTG B2Gold Corp	$6.8B	8.7×	5.4×	+14.03% (above 0%: growing)	+158.33% (above 0%: growing)	+462.54% (above 0%: growing)	39.06%	66.07%	Compare
OR OR Royalties Inc.	$6.6B	23.5×	24.0×	+62.05% (above 0%: growing)	+94.12% (above 0%: growing)	+61.89% (above 0%: growing)	84.05%	77.00%
SSRM Silver Standard Resources Inc.	$6.5B	27.5×	6.4×	+9.46% (above 0%: growing)	+6.82% (above 0%: growing)	−46.58% (below 0%: shrinking)	60.87%	43.19%	Compare
ARIS Aris Mining Corporation	$3.6B	12.5×	—	+62.31% (above 0%: growing)	n/m	−140.02% (below 0%: shrinking)	58.58%	48.02%	Compare
FSM Fortuna Mining Corp.	$3.1B	8.7×	—	+38.19% (above 0%: growing)	+108.33% (above 0%: growing)	+246.98% (above 0%: growing)	57.62%	49.28%	Compare
NG Novagold Resources Inc.	$2.9B	— (loss-making)	—	−36.57% (below 0%: shrinking)	n/m	−261.13% (below 0%: shrinking)	0.00%	0.00%	Compare
Median of peers	$6.7B	12.5×	6.4×	+26.11%	+158.33%	−23.14%	48.10%	45.61%

All 37 Gold stocks →

OR Royalties Inc. (OR) key facts

Strength: OR Royalties Inc.’s revenue for fiscal 2025 (year ended December 2025) was $277.4 million, up 45.1% from fiscal 2024.
OR Royalties Inc. (OR) is a Gold company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, OR traded at $35.55, a market capitalization of $6.6 billion.
OR Royalties Inc. pays an annual dividend of $0.24 per share, a yield of 0.68%, with a payout ratio of 16.0%.
Return on equity was 15.7% and debt-to-equity 0.14.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 30.10 (safe zone) for fiscal 2025.