OR Royalties Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	12,235	9,140	4,858	3,501	3,002	2,577
Market Cap Growth	126.07%	88.15%	38.74%	16.65%	16.49%	-4.28%
Enterprise Value	12,047	9,000	4,872	3,748	3,007	3,009
Last Close Price	65.25	48.62	25.84	18.57	15.82	14.79
PE Ratio	43.66	32.35	207.55	-	-	-
Forward PE	33.14	31.45	29.59	34.94	36.55	33.10
PS Ratio	32.17	24.03	17.66	14.47	13.78	11.46
PB Ratio	6.23	4.66	2.84	2.13	1.73	1.45
P/TBV Ratio	6.61	4.93	3.04	2.28	1.85	1.69
P/FCF Ratio	-	27.14	21.11	19.15	27.30	24.29
P/OCF Ratio	36.33	27.14	21.11	19.15	27.30	24.29
PEG Ratio	-	1.65	1.65	1.65	1.65	0.97
EV/Sales Ratio	31.68	23.66	17.71	15.49	13.81	13.38
EV/EBITDA Ratio	39.04	27.44	20.97	19.86	16.97	18.29
EV/EBIT Ratio	48.12	33.36	43.23	44.02	24.45	26.83
EV/FCF Ratio	-	26.73	21.17	20.50	27.35	28.37
Debt / Equity Ratio	0.00	0.00	0.08	0.12	0.09	0.23
Debt / EBITDA Ratio	0.02	0.02	0.61	1.06	0.88	2.49
Debt / FCF Ratio	0.02	0.02	0.62	1.09	1.42	3.87
Net Debt / Equity Ratio	-0.10	-0.10	0.03	0.08	0.04	0.17
Net Debt / EBITDA Ratio	-0.57	-0.57	0.25	0.66	0.37	1.79
Net Debt / FCF Ratio	-0.56	-0.56	0.25	0.68	0.59	2.78
Asset Turnover	0.19	0.19	0.13	0.12	0.10	0.09
Inventory Turnover	-	-	-	1243.20	1.73	2.63
Quick Ratio	4.45	4.45	4.26	4.02	5.72	0.38
Current Ratio	4.53	4.53	4.37	4.11	5.87	0.44
Return on Equity (ROE)	15.73%	15.73%	1.33%	-2.92%	4.85%	4.23%
Return on Assets (ROA)	8.35%	8.35%	3.42%	2.69%	3.52%	2.94%
Return on Invested Capital (ROIC)	12.97%	13.31%	3.29%	4.82%	4.61%	4.18%
Return on Capital Employed (ROCE)	12.80%	12.80%	5.70%	4.40%	6.20%	5.50%
Earnings Yield	2.31%	3.09%	0.48%	-1.41%	-3.96%	-0.91%
FCF Yield	-	3.68%	4.74%	5.22%	3.66%	4.12%
Dividend Yield	0.46%	0.60%	0.99%	1.27%	1.39%	1.42%
Payout Ratio	16.92%	16.92%	188.42%	-	-	-
Buyback Yield / Dilution	-0.84%	-0.84%	-1.38%	-2.43%	-7.77%	-3.20%
Total Shareholder Return	-0.38%	-0.24%	-0.39%	-1.16%	-6.38%	-1.78%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.