NYSE : OR
OR Royalties Inc. — Financial statements
Materials · Gold · Canada
Last price 31.83 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.93B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
OR Royalties Inc. (OR) reported revenue of 362.74M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 362.74M | 277.37M | 191.16M | 183.23M | 160.93M | 177.70M |
| Cost of Revenue | 11.37M | 9.12M | 6.74M | 12.34M | 11.88M | 29.75M |
| Gross Profit | 351.37M | 268.25M | 184.42M | 170.89M | 149.05M | 147.95M |
| Selling, General & Admin | 29.92M | 30.23M | 23.93M | 28.92M | 18.91M | 18.79M |
| Operating Expenses | 71.41M | 71.49M | 106.09M | 106.43M | 58.20M | 59.33M |
| Operating Income | 279.97M | 196.76M | 78.32M | 64.46M | 90.86M | 88.62M |
| Interest Expense | -5.60M | -4.47M | -7.97M | -14.03M | -16.51M | -18.84M |
| Interest & Investment Income | 6.25M | 4.02M | 4.15M | 5.06M | 7.22M | 3.39M |
| Earnings From Equity Investments | -8.31M | -14.18M | -30.02M | 5.94M | -1.38M | -1.77M |
| Currency Exchange Gain (Loss) | -3.54M | 645.00K | -4.42M | 1.13M | 14.89M | -105.10K |
| Other Non Operating Income (Expenses) | 776.00K | -2.36M | 502.00K | 26.08K | ||
| EBT Excluding Unusual Items | 269.55M | 182.78M | 37.70M | 63.07M | 95.08M | 71.33M |
| Gain (Loss) on Sale of Investments | 60.98M | 58.61M | -7.56M | -90.70M | -11.49M | 9.71M |
| Pretax Income | 330.53M | 241.38M | 30.14M | -27.64M | 83.58M | 81.04M |
| Income Tax Expense | 47.47M | 35.30M | 13.88M | 9.79M | 20.57M | 20.49M |
| Earnings From Continuing Operations | 283.06M | 206.09M | 16.27M | -37.43M | 63.01M | 60.55M |
| Earnings From Discontinued Operations | -198.37M | -105.34M | ||||
| Net Income to Company | 283.06M | 206.09M | 16.27M | -37.43M | -135.35M | -44.79M |
| Minority Interest in Earnings | 47.61M | 26.17M | ||||
| Net Income | 283.06M | 206.09M | 16.27M | -37.43M | -87.74M | -18.61M |
| Net Income to Common | 283.06M | 206.09M | 16.27M | -37.43M | -87.74M | -18.61M |
| Shares Outstanding (Basic) | 187.76M | 187.78M | 186.29M | 185.04M | 180.40M | 167.63M |
| Shares Outstanding (Diluted) | 188.94M | 189.15M | 187.58M | 185.04M | 180.65M | 167.63M |
| EPS (Basic) | 1.51 | 1.10 | 0.09 | -0.20 | -0.49 | -0.11 |
| EPS (Diluted) | 1.50 | 1.09 | 0.09 | -0.20 | -0.49 | -0.11 |
| Free Cash Flow | 303.17M | 245.60M | 159.93M | 138.44M | 81.24M | 83.84M |
| Free Cash Flow Per Share | 1.60 | 1.30 | 0.85 | 0.75 | 0.45 | 0.50 |
| Dividend Per Share | 0.23 | 0.21 | 0.18 | 0.18 | 0.16 | 0.17 |
| Gross Margin | 96.87% | 96.71% | 96.47% | 93.27% | 92.62% | 83.26% |
| Operating Margin | 77.18% | 70.94% | 40.97% | 35.18% | 56.46% | 49.87% |
| Profit Margin | 78.03% | 74.30% | 8.51% | -20.43% | -54.52% | -10.47% |
| Free Cash Flow Margin | 83.58% | 88.55% | 83.66% | 75.56% | 50.48% | 47.18% |
| EBITDA | 330.35M | 239.25M | 161.45M | 142.88M | 130.93M | 130.00M |
| EBITDA Margin | 91.07% | 86.26% | 84.46% | 77.98% | 81.36% | 73.16% |
| D&A For EBITDA | 50.38M | 42.48M | 83.13M | 78.42M | 40.07M | 41.38M |
| EBIT | 279.97M | 196.76M | 78.32M | 64.46M | 90.86M | 88.62M |
| EBIT Margin | 77.18% | 70.94% | 40.97% | 35.18% | 56.46% | 49.87% |
| Effective Tax Rate | 14.36% | 14.62% | 46.03% | 24.61% | 25.28% | |
| Advertising Expenses | 642.00K | 622.13K | 522.33K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 75.61M | 142.13M | 59.10M | 51.20M | 66.90M | 91.43M |
| Short-Term Investments | 6.20M | |||||
| Cash & Short-Term Investments | 75.61M | 142.13M | 59.10M | 57.40M | 66.90M | 91.43M |
| Accounts Receivable | 2.96M | 2.28M | 2.11M | 3.10M | 1.48M | 1.09M |
| Other Receivables | 30.00M | 944.00K | 996.00K | 1.65M | 7.16M | 10.52M |
| Receivables | 32.96M | 3.23M | 3.11M | 4.75M | 8.64M | 11.61M |
| Inventory | 10.00K | 9.61K | 14.69M | |||
| Prepaid Expenses | 2.30M | 2.33M | 1.61M | 1.38M | 1.87M | 3.11M |
| Total Current Assets | 110.86M | 147.68M | 63.81M | 63.55M | 77.43M | 120.84M |
| Property, Plant & Equipment | 1.48B | 1.15B | 1.12B | 1.18B | 1.02B | 1.42B |
| Long-Term Investments | 179.04M | 189.26M | 117.31M | 157.78M | 290.57M | 232.61M |
| Goodwill | 78.25M | 81.13M | 77.28M | 84.08M | 82.17M | 87.87M |
| Long-Term Deferred Charges | 2.00M | 1.29M | 1.39M | 1.36M | 1.41M | |
| Other Long-Term Assets | 8.37M | 1.29M | 12.84M | |||
| Total Assets | 1.86B | 1.57B | 1.38B | 1.49B | 1.48B | 1.87B |
| Accounts Payable | 24.84M | 3.04M | 1.38M | 2.37M | 478.79K | 7.65M |
| Accrued Expenses | 902.00K | 887.00K | 790.00K | 1.80M | 5.38M | |
| Current Portion of Long-Term Debt | 233.03M | |||||
| Current Portion of Leases | 1.21M | 1.21M | 852.00K | 849.00K | 680.50K | |
| Current Income Taxes Payable | 10.37M | 13.65M | ||||
| Other Current Liabilities | 12.17M | 13.83M | 11.50M | 11.45M | 10.25M | 27.58M |
| Total Current Liabilities | 48.60M | 32.63M | 14.62M | 15.46M | 13.20M | 273.63M |
| Long-Term Debt | 215.00M | 93.90M | 145.08M | 109.32M | 91.30M | |
| Long-Term Leases | 3.07M | 3.79M | 3.93M | 5.20M | 4.95M | |
| Long-Term Deferred Tax Liabilities | 105.26M | 98.01M | 76.23M | 72.80M | 63.97M | 54.06M |
| Other Long-Term Liabilities | 47.68M | |||||
| Total Liabilities | 371.92M | 134.44M | 188.68M | 238.54M | 191.43M | 466.67M |
| Common Stock | 1.69B | 1.69B | 1.68B | 1.66B | 1.53B | 1.41B |
| Additional Paid-In Capital | 59.86M | 65.87M | 63.57M | 62.33M | 57.11M | 33.60M |
| Retained Earnings | -154.92M | -270.17M | -408.71M | -388.49M | -342.53M | -223.66M |
| Comprehensive Income & Other | -115.17M | -51.78M | -141.84M | -84.82M | 35.05M | 72.25M |
| Total Common Equity | 1.48B | 1.43B | 1.19B | 1.25B | 1.28B | 1.29B |
| Minority Interest | 114.94M | |||||
| Shareholders' Equity | 1.48B | 1.43B | 1.19B | 1.25B | 1.28B | 1.41B |
| Total Liabilities & Equity | 1.86B | 1.57B | 1.38B | 1.49B | 1.48B | 1.87B |
| Total Debt | 219.28M | 5.00M | 98.68M | 151.13M | 114.95M | 324.33M |
| Net Cash (Debt) | -143.67M | 137.13M | -39.59M | -93.73M | -48.04M | -232.90M |
| Net Cash Per Share | -0.76 | 0.72 | -0.21 | -0.51 | -0.27 | -1.39 |
| Filing Date Shares Outstanding | 186.36M | 187.51M | 186.75M | 185.61M | 184.19M | 166.22M |
| Total Common Shares Outstanding | 187.30M | 187.15M | 186.68M | 185.35M | 184.04M | 166.49M |
| Working Capital | 62.27M | 115.05M | 49.20M | 48.08M | 64.23M | -152.79M |
| Book Value Per Share | 7.92 | 7.65 | 6.37 | 6.73 | 6.97 | 7.76 |
| Tangible Book Value | 1.41B | 1.35B | 1.11B | 1.16B | 1.20B | 1.20B |
| Tangible Book Value Per Share | 7.50 | 7.22 | 5.95 | 6.28 | 6.53 | 7.23 |
| Machinery | 83.06M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 283.06M | 206.09M | 16.27M | -37.43M | -87.74M | -18.61M |
| Depreciation & Amortization | 50.38M | 42.48M | 83.13M | 78.42M | 40.07M | 41.38M |
| Loss (Gain) From Sale of Assets | -7.58M | |||||
| Loss (Gain) From Sale of Investments | -61.78M | -58.61M | 8.96M | 62.87M | 11.49M | -9.71M |
| Loss (Gain) on Equity Investments | 8.31M | 14.18M | 30.02M | -5.94M | 1.38M | 1.77M |
| Stock-Based Compensation | 7.81M | 8.39M | 6.24M | 7.72M | 5.26M | 6.11M |
| Provision & Write-off of Bad Debts | -1.40M | 27.83M | ||||
| Other Operating Activities | 18.70M | 18.10M | 18.58M | 6.47M | 161.28M | 104.42M |
| Change in Accounts Receivable | 55.00K | -121.00K | -880.00K | -3.60M | -3.58M | -45.04K |
| Change in Accounts Payable | 632.00K | 2.15M | -777.00K | 1.60M | 1.25M | -4.02M |
| Change in Income Taxes | 4.89M | 13.65M | ||||
| Change in Other Net Operating Assets | -1.32M | -714.00K | -220.00K | 488.00K | -56.15K | -217.31K |
| Operating Cash Flow | 303.17M | 245.60M | 159.93M | 138.44M | 81.24M | 83.84M |
| Divestitures | -98.37M | |||||
| Sale (Purchase) of Intangibles | -395.10M | -36.88M | -73.45M | -217.75M | -91.77M | -71.89M |
| Investment in Securities | 74.31M | 37.21M | -2.14M | 51.65M | -7.03M | -18.99M |
| Other Investing Activities | -32.70M | 1.02M | -57.00K | -34.00K | -84.97M | -124.08M |
| Investing Cash Flow | -353.49M | 1.35M | -75.64M | -166.13M | -282.15M | -214.97M |
| Long-Term Debt Issued | 10.44M | 35.00M | 190.00M | 109.23M | 39.51M | |
| Long-Term Debt Repaid | -105.37M | -84.72M | -155.79M | -305.89M | -40.17M | |
| Lease Payments | -645.77K | -659.03K | ||||
| Net Debt Issued (Repaid) | 179.63M | -94.94M | -49.72M | 34.21M | -196.66M | -659.03K |
| Issuance of Common Stock | 4.78M | 11.74M | 9.56M | 9.49M | 233.74M | 11.49M |
| Repurchase of Common Stock | -67.55M | -43.19M | -2.87M | -3.59M | -18.00M | -27.27M |
| Common Dividends Paid | -38.58M | -34.86M | -30.65M | -29.66M | -28.02M | -25.65M |
| Other Financing Activities | -1.14M | -2.10M | -1.19M | -1.08M | 170.93M | 26.60M |
| Financing Cash Flow | 77.13M | -163.35M | -74.87M | 9.37M | 161.99M | -15.49M |
| Foreign Exchange Rate Adjustments | -838.00K | -567.00K | -1.52M | 2.67M | 20.34M | -1.01M |
| Net Cash Flow | 25.98M | 83.03M | 7.89M | -15.65M | -18.58M | -147.63M |
| Free Cash Flow | 303.17M | 245.60M | 159.93M | 138.44M | 81.24M | 83.84M |
| Free Cash Flow Margin | 83.58% | 88.55% | 83.66% | 75.56% | 50.48% | 47.18% |
| Free Cash Flow Per Share | 1.60 | 1.30 | 0.85 | 0.75 | 0.45 | 0.50 |
| Levered Free Cash Flow | -169.64M | 151.00M | 60.47M | -93.66M | -8.43M | 7.40M |
| Unlevered Free Cash Flow | -166.14M | 153.80M | 65.45M | -84.89M | 1.88M | 19.17M |
| Free Cash Flow After Leases | 303.17M | 245.60M | 159.93M | 138.44M | 80.59M | 83.18M |
| Cash Interest Paid | 4.17M | 3.88M | 7.25M | 12.72M | 10.77M | 12.98M |
| Cash Income Tax Paid | 25.61M | 3.14M | 2.69M | 1.92M | 849.70K | 972.75K |
| Change in Working Capital | 4.26M | 14.97M | -1.88M | -1.51M | -2.39M | -4.28M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.13B | 6.67B | 3.38B | 2.65B | 2.22B | 2.04B |
| Enterprise Value | 6.27B | 6.56B | 3.39B | 2.84B | 2.22B | 2.38B |
| Last Close Price | 31.83 | 35.20 | 17.87 | 13.94 | 11.64 | 11.64 |
| PE Ratio | 21.58 | 32.34 | 207.55 | |||
| PS Ratio | 16.35 | 24.03 | 17.66 | 14.47 | 13.78 | 11.46 |
| PB Ratio | 4.00 | 4.66 | 2.84 | 2.12 | 1.73 | 1.45 |
| P/TBV Ratio | 4.22 | 4.93 | 3.04 | 2.28 | 1.85 | 1.69 |
| P/FCF Ratio | 19.56 | 27.14 | 21.11 | 19.15 | 27.30 | 24.29 |
| P/OCF Ratio | 19.56 | 27.14 | 21.11 | 19.15 | 27.30 | 24.29 |
| EV/Sales Ratio | 16.76 | 23.66 | 17.71 | 15.49 | 13.81 | 13.38 |
| EV/EBITDA Ratio | 18.40 | 27.43 | 20.97 | 19.86 | 16.97 | 18.29 |
| EV/EBIT Ratio | 21.71 | 33.36 | 43.23 | 44.02 | 24.45 | 26.83 |
| EV/FCF Ratio | 20.05 | 26.73 | 21.17 | 20.50 | 27.35 | 28.36 |
| Debt / Equity Ratio | 0.15 | 0.00 | 0.08 | 0.12 | 0.09 | 0.23 |
| Debt / EBITDA Ratio | 0.66 | 0.02 | 0.61 | 1.06 | 0.88 | 2.49 |
| Debt / FCF Ratio | 0.72 | 0.02 | 0.62 | 1.09 | 1.42 | 3.87 |
| Net Debt / Equity Ratio | 0.10 | -0.10 | 0.03 | 0.07 | 0.04 | 0.17 |
| Net Debt / EBITDA Ratio | 0.43 | -0.57 | 0.24 | 0.66 | 0.37 | 1.79 |
| Net Debt / FCF Ratio | 0.47 | -0.56 | 0.25 | 0.68 | 0.59 | 2.78 |
| Asset Turnover | 0.22 | 0.19 | 0.13 | 0.12 | 0.10 | 0.09 |
| Inventory Turnover | 1,243.20 | 1.73 | 2.63 | |||
| Quick Ratio | 2.23 | 4.45 | 4.26 | 4.02 | 5.72 | 0.38 |
| Current Ratio | 2.28 | 4.53 | 4.37 | 4.11 | 5.87 | 0.44 |
| Return on Equity (ROE) | 20.41% | 15.73% | 1.33% | -2.92% | 4.85% | 4.23% |
| Return on Assets (ROA) | 10.61% | 8.35% | 3.42% | 2.69% | 3.52% | 2.94% |
| Return on Invested Capital (ROIC) | 15.93% | 13.31% | 3.29% | 4.82% | 4.61% | 4.18% |
| Return on Capital Employed (ROCE) | 15.50% | 12.80% | 5.70% | 4.40% | 6.20% | 5.50% |
| Earnings Yield | 4.63% | 3.09% | 0.48% | -1.41% | -3.96% | -0.91% |
| FCF Yield | 5.11% | 3.68% | 4.74% | 5.22% | 3.66% | 4.12% |
| Dividend Yield | 0.73% | 0.59% | 0.98% | 1.24% | 1.35% | 1.36% |
| Payout Ratio | 15.76% | 16.92% | 188.42% | |||
| Buyback Yield / Dilution | 0.01% | -0.84% | -1.38% | -2.43% | -7.77% | -3.20% |
| Total Shareholder Return | 0.74% | -0.25% | -0.40% | -1.18% | -6.42% | -1.84% |