Triple Flag Precious Metals Corp. key statistics and ratios

In fiscal 2025, Triple Flag Precious Metals Corp. had return on equity of 12.7%, an operating margin of 56.8%, debt equal to 0.0% of equity and a current ratio of 3.92. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Triple Flag Precious Metals Corp.: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	55.3%	57.3%	50.0%	57.7%	67.6%
Operating margin	45.7%	42.2%	20.1%	−6.7%	56.8%
Net margin	30.3%	36.3%	17.8%	−8.6%	61.7%
Return on equity	3.5%	4.2%	2.3%	−1.3%	12.7%
Return on assets	3.5%	4.2%	2.2%	−1.3%	12.4%
Asset turnover	0.12	0.12	0.13	0.15	0.20
Current ratio	16.20	7.20	3.29	2.79	3.92
Debt to equity	0.0%	0.0%	3.1%	0.0%	0.0%
Interest cover (operating income ÷ interest)	10.7x	19.4x	5.6x	n/m	52.4x
Effective tax rate	12.4%	8.0%	0.3%	—	10.9%
R&D as % of revenue	0.5%	2.0%	2.1%	1.3%	1.5%
Dividends ÷ net income	32.6%	55.2%	113.9%	—	19.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 6 checks passed · December 31, 2025

What it owns · $2.1bn

Short-term assets $153mLonger-term assets $2.0bn

What it owes, and who funded it · $2.1bn

Short-term liabilities $39mShareholders' equity $2.0bn

Short-term assets cover short-term liabilities $153m of assets due within a year against $39m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $71m of cash against $0 of debt.
Debt below 40% of shareholders' equity Debt is 0% of equity.
Debt burden no higher than five years ago Debt to equity moved from 27% to 0% over five years.
A year's operating cash flow covers at least 20% of debt No debt to cover.
Operating profit covers interest at least five times over Operating income of $221m against $4m of interest.

From Triple Flag Precious Metals Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: LEU vs TFPM MP vs TFPM TFPM vs USAS

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Figures from Triple Flag Precious Metals Corp.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Triple Flag Precious Metals Corp.