Triple Flag Precious Metals Corp. (TFPM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Mar 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TFPM SEC filings page.
Triple Flag Precious Metals Corp. (TFPM) reported $388.7M in revenue for fiscal year 2025, up 44.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Triple Flag's 2025 profit rebound converted into cash, while its balance sheet remained funded overwhelmingly by equity rather than debt.
The key earnings-quality signal is that FY2025 operating cash flow of$312.8M exceeded net income of$240.0M . In FY2024, operating cash flow of$213.5M remained positive despite a net loss of$23.1M , so cash generation did not move one-for-one with accounting earnings.
Revenue rose
Total liabilities were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Triple Flag Precious Metals Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Triple Flag Precious Metals Corp. has an operating margin of 56.8%, meaning the company retains $57 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from -6.7% the prior year.
Triple Flag Precious Metals Corp.'s revenue surged 44.5% year-over-year to $388.7M, reflecting rapid business expansion. This strong growth earns a score of 92/100.
Triple Flag Precious Metals Corp. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.92, Triple Flag Precious Metals Corp. holds $3.92 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 87/100.
Not available for Triple Flag Precious Metals Corp., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Triple Flag Precious Metals Corp.'s ROE of 11.7% shows moderate profitability relative to equity, earning a score of 45/100. This is up from -1.3% the prior year.
Triple Flag Precious Metals Corp. scores 52.98, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $5.9B against total liabilities of $68.3M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Triple Flag Precious Metals Corp. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Triple Flag Precious Metals Corp. generates $1.30 in operating cash flow ($312.8M OCF vs $240.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Triple Flag Precious Metals Corp. earns $52.36 in operating income for every $1 of interest expense ($220.8M vs $4.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Triple Flag Precious Metals Corp. generated $388.7M in revenue in fiscal year 2025. This represents an increase of 44.5% from the prior year.
Triple Flag Precious Metals Corp. reported $240.0M in net income in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Triple Flag Precious Metals Corp. earned $1.18 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Triple Flag Precious Metals Corp. held $71.3M in cash against $0 in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Triple Flag Precious Metals Corp.'s gross margin was 67.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 9.9 percentage points from the prior year.
Triple Flag Precious Metals Corp.'s operating margin was 56.8% in fiscal year 2025, reflecting core business profitability. This is up 63.5 percentage points from the prior year.
Triple Flag Precious Metals Corp.'s net profit margin was 61.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 70.3 percentage points from the prior year.
Triple Flag Precious Metals Corp.'s ROE was 11.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 13.1 percentage points from the prior year.
Capital Allocation
Triple Flag Precious Metals Corp. invested $5.6M in research and development in fiscal year 2025. This represents an increase of 65.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
TFPM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F |
|---|---|---|---|---|---|
| Revenue | $388.7M+44.5% | $269.0M+31.8% | $204.0M+34.3% | $151.9M+1.0% | $150.4M |
| Gross Profit | $262.9M+69.4% | $155.2M+52.1% | $102.1M+17.3% | $87.0M+4.5% | $83.3M |
| R&D Expenses | $5.6M+65.9% | $3.4M-19.3% | $4.2M+41.8% | $3.0M+286.0% | $771K |
| Operating Income | $220.8Mn/m | -$18.0M-143.9% | $40.9M-36.2% | $64.1M-6.7% | $68.7M |
| Interest Expense | $4.2M-24.9% | $5.6M-23.3% | $7.3M+121.1% | $3.3M-47.8% | $6.3M |
| Income Tax | $29.4M+184.6% | $10.3M+9539.3% | $107K-97.8% | $4.8M-25.6% | $6.4M |
| Net Income | $240.0Mn/m | -$23.1M-163.6% | $36.3M-34.1% | $55.1M+21.0% | $45.5M |
| EPS (Basic) | $1.18n/m | -$0.11-161.1% | $0.18-48.6% | $0.35+12.9% | $0.31 |
| EPS (Diluted) | $1.18n/m | -$0.11-161.1% | $0.18-48.6% | $0.35+12.9% | $0.31 |
| Diluted Shares (Avg) | 204M+1.4% | 201M+0.9% | 200M+27.9% | 156M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, SG&A Expenses, EBITDA.
TFPM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F |
|---|---|---|---|---|---|
| Total Assets | $2.1B+19.4% | $1.8B-6.6% | $1.9B+41.7% | $1.3B+2.6% | $1.3B |
| Current Assets | $152.8M+102.0% | $75.6M+32.6% | $57.0M-37.0% | $90.6M+25.1% | $72.4M |
| Cash & Equivalents | $71.3M+96.7% | $36.2M+108.6% | $17.4M-75.6% | $71.1M+74.8% | $40.7M |
| Inventory | $4.7M+21.6% | $3.8M+175.5% | $1.4M | N/A | $1.4M |
| Accounts Receivable | $22.8M+34.3% | $17.0M+23.5% | $13.7M+42.9% | $9.6M+36.7% | $7.0M |
| Total Liabilities | $68.3M+99.2% | $34.3M-59.1% | $83.7M+351.3% | $18.6M+111.1% | $8.8M |
| Current Liabilities | $38.9M+43.6% | $27.1M+56.7% | $17.3M+37.6% | $12.6M+181.6% | $4.5M |
| Non-Current Liabilities | $29.3M+311.0% | $7.1M-89.3% | $66.4M+1013.1% | $6.0M+38.2% | $4.3M |
| Long-Term Debt | $0n/m | $0-100.0% | $57.0Mn/m | $0n/m | $0 |
| Total Equity | $2.0B+17.8% | $1.7B-4.1% | $1.8B+37.3% | $1.3B+1.8% | $1.3B |
| Retained Earnings | $164.9Mn/m | -$23.8M-150.8% | $46.8M-26.4% | $63.7M+58.0% | $40.3M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.
TFPM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F |
|---|---|---|---|---|---|
| Operating Cash Flow | $312.8M+46.5% | $213.5M+38.5% | $154.1M+30.2% | $118.4M-1.4% | $120.0M |
| Investing Cash Flow | -$218.0Mn/m | -$82.0Mn/m | -$213.0Mn/m | -$48.9Mn/m | -$48.1M |
| Financing Cash Flow | -$59.9Mn/m | -$112.6M-2297.9% | $5.1Mn/m | -$38.8Mn/m | -$51.8M |
| Dividends Paid | $45.8M+5.9% | $43.3M+4.8% | $41.3M+35.9% | $30.4M+104.9% | $14.8M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.
TFPM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F |
|---|---|---|---|---|---|
| Gross Margin | 67.6%+9.9pp | 57.7%+7.7pp | 50.0%-7.3pp | 57.3%+1.9pp | 55.4% |
| Operating Margin | 56.8%+63.5pp | -6.7%-26.8pp | 20.1%-22.1pp | 42.2%-3.5pp | 45.7% |
| Net Margin | 61.7%+70.3pp | -8.6%-26.4pp | 17.8%-18.5pp | 36.3%+6.0pp | 30.3% |
| Return on Equity | 11.7%+13.1pp | -1.3%-3.3pp | 2.0%-2.2pp | 4.2%+0.7pp | 3.5% |
| Return on Assets | 11.4%+12.7pp | -1.3%-3.2pp | 1.9%-2.2pp | 4.1%+0.6pp | 3.5% |
| Current Ratio | 3.92+1.1x | 2.79-0.5x | 3.29-3.9x | 7.20-9.0x | 16.20 |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.030.0x | 0.000.0x | 0.00 |
| Liabilities-to-Equity | 0.030.0x | 0.020.0x | 0.050.0x | 0.010.0x | 0.01 |
| Asset Turnover | 0.180.0x | 0.150.0x | 0.110.0x | 0.110.0x | 0.12 |
Not reported in any period shown, so not listed: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Triple Flag Precious Metals Corp. TFPM | FY2025 | $388.7M | $240.0M | 61.7% | $5.9B | 78/100 |
| Sibanye-Stillwater SBSW | FY2024 | $5.9B | -$386.5M | -6.5% | $6.6B | 27/100 |
| Compania de Minas Buenaventura S.A. BVN | FY2025 | $1.7B | $830.2M | 47.9% | $7.2B | 67/100 |
| Hecla Mining Company HL | FY2025 | $1.4B | $321.7M | 22.6% | $9.5B | 67/100 |
| TMC the metals company Inc. TMC | FY2025 | N/A | -$319.8M | N/A | $1.1B | — |
| Materion Corporation MTRN | FY2025 | $1.8B | $74.8M | 4.2% | $4.6B | 49/100 |
Where Triple Flag Precious Metals Corp. Ranks
Frequently Asked Questions
What is Triple Flag Precious Metals Corp.'s annual revenue?
Triple Flag Precious Metals Corp. (TFPM) reported $388.7M in total revenue for fiscal year 2025. This represents a 44.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Triple Flag Precious Metals Corp.'s revenue growing?
Triple Flag Precious Metals Corp. (TFPM) revenue grew by 44.5% year-over-year, from $269.0M to $388.7M in fiscal year 2025.
Is Triple Flag Precious Metals Corp. profitable?
Yes, Triple Flag Precious Metals Corp. (TFPM) reported a net income of $240.0M in fiscal year 2025, with a net profit margin of 61.7%.
How much debt does Triple Flag Precious Metals Corp. have?
As of fiscal year 2025, Triple Flag Precious Metals Corp. (TFPM) had $71.3M in cash and equivalents against $0 in long-term debt.
What is Triple Flag Precious Metals Corp.'s gross margin?
Triple Flag Precious Metals Corp. (TFPM) had a gross margin of 67.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Triple Flag Precious Metals Corp.'s operating margin?
Triple Flag Precious Metals Corp. (TFPM) had an operating margin of 56.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Triple Flag Precious Metals Corp.'s net profit margin?
Triple Flag Precious Metals Corp. (TFPM) had a net profit margin of 61.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Triple Flag Precious Metals Corp.'s return on equity (ROE)?
Triple Flag Precious Metals Corp. (TFPM) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Triple Flag Precious Metals Corp.'s operating cash flow?
Triple Flag Precious Metals Corp. (TFPM) generated $312.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Triple Flag Precious Metals Corp.'s total assets?
Triple Flag Precious Metals Corp. (TFPM) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Triple Flag Precious Metals Corp. spend on research and development?
Triple Flag Precious Metals Corp. (TFPM) invested $5.6M in research and development during fiscal year 2025.
What is Triple Flag Precious Metals Corp.'s current ratio?
Triple Flag Precious Metals Corp. (TFPM) had a current ratio of 3.92 as of fiscal year 2025, which is generally considered healthy.
What is Triple Flag Precious Metals Corp.'s debt-to-equity ratio?
Triple Flag Precious Metals Corp. (TFPM) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Triple Flag Precious Metals Corp.'s liabilities-to-equity ratio?
Triple Flag Precious Metals Corp. (TFPM) had a liabilities-to-equity ratio of 0.03 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Triple Flag Precious Metals Corp.'s return on assets (ROA)?
Triple Flag Precious Metals Corp. (TFPM) had a return on assets of 11.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Triple Flag Precious Metals Corp.'s P/E ratio?
Triple Flag Precious Metals Corp. (TFPM) trades at 24.8x earnings, its market capitalization divided by $240.0M net income, FY2025. The market capitalization is $5.9B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Triple Flag Precious Metals Corp.'s price-to-sales ratio?
Triple Flag Precious Metals Corp. (TFPM) trades at 15.3x sales, its market capitalization divided by $388.7M revenue, FY2025. The market capitalization is $5.9B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Triple Flag Precious Metals Corp.'s Altman Z-Score?
Triple Flag Precious Metals Corp. (TFPM) has an Altman Z-Score of 52.98, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Triple Flag Precious Metals Corp.'s Piotroski F-Score?
Triple Flag Precious Metals Corp. (TFPM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Triple Flag Precious Metals Corp.'s earnings high quality?
Triple Flag Precious Metals Corp. (TFPM) has an earnings quality ratio of 1.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Triple Flag Precious Metals Corp. cover its interest payments?
Triple Flag Precious Metals Corp. (TFPM) has an interest coverage ratio of 52.36x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Triple Flag Precious Metals Corp.?
Triple Flag Precious Metals Corp. (TFPM) scores 78 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Triple Flag Precious Metals Corp. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.