Triple Flag Precious Metals Corp.
TFPM · Mineral Royalty Traders · EDGAR filings ↗
Grade
B80Capital-light precious-metals royalty/streaming company with top-decile margins and strong cash generation.
Strengths
- Elite margins and cash conversion (operating margin 57% 99th, net margin 62% 96th, OCF margin 80% 97th)
- Revenue +44% (87th pct) and strong ROA (11.4%, 90th); diversified streaming portfolio with high interest coverage
Risks
- Net income collapsed (-11.4x, 1.5th pct) — earnings highly sensitive to metals prices/one-offs; ROE only 66th pct
- Commodity-price dependence and controlled-company (majority shareholder) governance
Key metrics
Gross margin
67.6%
Operating margin
56.8%
Net margin
61.7%
Return on equity
11.7%
Return on assets
11.4%
Revenue growth (QoQ)
44.5%
Interest coverage
63.8×
Current ratio
3.9×
Tangible book value
$2.0B
Cash & investments
$71M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-27 | 2025-12-31 | 0001104659-26-036188 ↗ |
| 40-F | 2025-03-28 | 2024-12-31 | 0001558370-25-003977 ↗ |
| 40-F | 2024-03-28 | 2023-12-31 | 0001104659-24-039990 ↗ |
| 40-F | 2023-03-30 | 2022-12-31 | 0001104659-23-039251 ↗ |