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Employees: 16
Size Gold Royalty (GROY) is a United States Materials company (Other Metals/Minerals) with a market value of $723M, the 2462nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.12 on 6 Nov 2026.
Performance Over six months the shares fell 13.6%, against -24.4% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 82.3% over the last twelve months (peer median +31.2%); the operating margin is 22.9% (peer median 4.6%).
Valuation It trades at 39.4× forward earnings against a peer median of 17.2× (3rd most expensive of 7).
Price implies For today's price to make sense, revenue must grow about 54% a year for seven years (Req g). Recent delivered growth is +58%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.0 points below its cost of capital (10.6% WACC).
Short interest Short interest is 3.5% of the free float (15 Oct 2026).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $22.6M | $15.6M | $10.1M | $3.05M | $3.94M |
| Revenue growth | — | +55% | +231% | -23% | — |
| Gross profit | $15.9M | $11.8M | $6.50M | $1.56M | -$3.81M |
| EBITDA | $10.5M | $4.43M | -$727,000 | -$7.76M | -$15.6M |
| Net income | $1.50M | -$4.13M | -$3.41M | -$26.8M | -$17.3M |
| Free cash flow | $8.03M | $1.00M | -$1.54M | -$7.92M | -$19.6M |
| Capital expenditure | $108M | $73.0M | $46.1M | $28.7M | $19.7M |
| Total debt | $54,000 | $101,000 | $50.0M | $33.1M | $9.62M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GROY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.0% | -18.1% | 3rd highest of 21 |
| 6-month return | -13.6% | -24.4% | 7th highest of 20 |
| Distance from 52-week high | -42.8% | -50.7% | 7th highest of 21 |
| Revenue growth (TTM) | +82.3% | +31.2% | highest of 14 |
| Operating margin | 22.9% | 4.6% | 3rd highest of 14 |
| Forward P/E | 39.4× | 17.2× | 3rd most expensive of 7 |
| Growth the price implies (Req g, 7 yrs) | 54.3% | 13.7% | most demanding of 6 |
| Growth delivered (Del g) | +58.2% | +8.2% | highest of 6 |
| Hurdle (Req g minus delivered) | -3.9 pp | +4.6 pp | 3rd least demanding of 6 |
| ROIC minus cost of capital | -10.0 pp | -6.5 pp | 7th lowest of 19 |
| EV / EBITDA | 67.2× | 18.8× | most expensive of 6 |
| Net debt / EBITDA | -1.3× | 0.9× | least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gold Royalty GROY | United States | $723M | -14% | +82% | 23% | 39.4× | 54.3% | +58.2% |
| NorthIsle Copper and Gold NCX.V | Canada | $725M | +3% | n/a | n/a | n/a | n/a | n/a |
| Talamore Mining TALA.TO | Canada | $728M | -32% | n/a | n/a | n/a | n/a | n/a |
| Lithium Americas LAC.TO | Canada | $712M | -64% | n/a | n/a | n/a | n/a | n/a |
| Wenzhou Hongfeng Electrical Alloy 300283.SZ | China | $712M | -23% | +48% | 5% | n/a | n/a | n/a |
| Infund 002141.SZ | China | $738M | +32% | -3% | 11% | n/a | 8.4% | +3.8% |
| Alnera Aluminium 301613.SZ | China | $749M | -36% | +31% | 5% | n/a | 13.7% | +56.0% |
| Mishra Dhatu Nigam MIDHANI.NS | India | $753M | -8% | +18% | 14% | 39.9× | 45.3% | +8.2% |
| Imperial Metals III.TO | Canada | $759M | -2% | +5% | 32% | 7.6× | -7.6% | +36.1% |
| Lithium Argentina LAR | United States | $686M | -64% | n/a | n/a | 13.9× | n/a | n/a |
| Enviri NVRI | United States | $672M | +24% | -23% | -19% | n/a | n/a | n/a |
| GRIPM Advanced Materials 688456.SS | China | $780M | -24% | +34% | 2% | 49.6× | n/a | n/a |
| Gruvaktiebolaget Viscaria VISC.ST | Sweden | $669M | -1% | n/a | n/a | n/a | n/a | n/a |
| Jiangyin Electrical Alloy 300697.SZ | China | $791M | -24% | +54% | 5% | n/a | n/a | n/a |
| Sigma Lithium SGML | United States | $655M | -73% | -14% | 24% | 20.5× | 14.8% | -13.9% |
| Develop Global DVP.AX | Australia | $801M | -43% | +68% | 4% | 11.8× | n/a | n/a |
| Marimaca Copper MARI.TO | Canada | $652M | -18% | n/a | n/a | n/a | n/a | n/a |
| Fuda New Material 603045.SS | China | $645M | -31% | +63% | 7% | n/a | n/a | n/a |
| Lingyuan Iron & Steel 600231.SS | China | $642M | -31% | -3% | -14% | n/a | n/a | n/a |
| Jinzhou Yongshan Lithium 603399.SS | China | $821M | -45% | +50% | 2% | n/a | n/a | n/a |
| IMC Rare Earths IMC | United States | $824M | n/a | n/a | n/a | n/a | n/a | n/a |