OR Royalties Inc. (OR) Stock Analysis
Basic Materials · Gold · NYSE
OR Royalties Inc. (OR) posted $277.37M in revenue for fiscal 2025 (up 45.1% year over year), at a 74.3% net margin, and has compounded revenue about 20.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on OR Royalties Inc.
OR Royalties Inc. has grown revenue from $160.48M to $277.37M over the last 4 fiscal years, compounding about 20% a year. The most recent year was up 45.1%, so growth is actually accelerating.
Net margin sits at 74.3%, up 65.8 points year over year on a 83.8% gross margin.
At today's valuation the market is pricing in roughly 12.6% annual free-cash-flow growth.
Synthesised from OR Royalties Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
OR Royalties Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $160.48M | $183.23M | $191.16M | $277.37M |
| Gross profit | $110.80M | $129.09M | $151.81M | $232.49M |
| Net income | $-87.50M | $-37.43M | $16.27M | $206.09M |
| Net margin | -54.5% | -20.4% | 8.5% | 74.3% |
Source: OR Royalties Inc. SEC filings (10-K).
OR Royalties Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into OR stock?
At today's market cap of $5.98B, OR Royalties Inc. is priced for free-cash-flow growth of about 12.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $208.72M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of OR Royalties Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOR Royalties Inc. financial history by metric
About OR Royalties Inc.
OR Royalties Inc. acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada. In addition, it is involved in the exploration, evaluation, and development of mining properties. It primarily explores precious metals, including gold, silver, copper, diamond, and others. The company was formerly known as Osisko Gold Royalties Ltd and changed its name to OR Royalties Inc. in May 2025. OR Royalties Inc. was founded in 2014 and is headquartered in Montreal, Canada.
OR Royalties Inc. — frequently asked questions
What is OR Royalties Inc.'s revenue?
OR Royalties Inc. (OR) reported revenue of $277.37M for fiscal year 2025, up 45.1% from the prior year, according to its SEC filings.
Is OR Royalties Inc. profitable?
Yes. OR earned net income of $206.09M in fiscal 2025, a net margin of 74.3%.
What is OR's P/E ratio?
OR Royalties Inc. trades at a price-to-earnings ratio of about 23.8 based on the latest data in our nightly-refreshed cache.
How fast is OR Royalties Inc. growing?
OR's revenue grew at roughly 20.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does OR Royalties Inc. have?
As of fiscal year 2025, OR carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is OR Royalties Inc.'s gross margin?
OR's gross margin was 83.8% in fiscal 2025 — gross profit of $232.49M on revenue of $277.37M.
What is OR Royalties Inc.'s market cap?
OR Royalties Inc. (OR) has a market capitalization of about $5.98B, based on the latest data in our nightly-refreshed cache.
When does OR Royalties Inc.'s fiscal year end?
OR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into OR stock?
At today's market cap of $5.98B, OR Royalties Inc. is priced for free-cash-flow growth of about 12.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $208.72M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from OR Royalties Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.