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GROY vs EMX
Revenue, margins, valuation, and 5-year total return — side by side.
Industrial Materials
GROY vs EMX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Other Precious Metals | Industrial Materials |
| Market Cap | $630M | $453M |
| Revenue (TTM) | $16M | $27M |
| Net Income (TTM) | $-4M | $5M |
| Gross Margin | 75.7% | 39.6% |
| Operating Margin | 9.9% | 17.8% |
| Forward P/E | 62.1x | 45.0x |
| Total Debt | $101K | $35M |
| Cash & Equiv. | $12M | $26M |
GROY vs EMX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Mar 21 | May 26 | Return |
|---|---|---|---|
| Gold Royalty Corp. (GROY) | 100 | 79.8 | -20.2% |
| EMX Royalty Corpora… (EMX) | 100 | 136.8 | +36.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: GROY vs EMX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
GROY is the clearest fit if your priority is growth exposure.
- Rev growth 54.5%, EPS growth -18.0%, 3Y rev CAGR 58.2%
- 54.5% revenue growth vs EMX's 17.3%
- +131.6% vs EMX's +91.7%
EMX carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- beta 0.44
- 429.8% 10Y total return vs GROY's 2.0%
- Lower volatility, beta 0.44, Low D/E 29.9%, current ratio 8.85x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 54.5% revenue growth vs EMX's 17.3% | |
| Value | Lower P/E (45.0x vs 62.1x) | |
| Quality / Margins | 18.1% margin vs GROY's -26.5% | |
| Stability / Safety | Beta 0.44 vs GROY's 0.74 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +131.6% vs EMX's +91.7% | |
| Efficiency (ROA) | 3.3% ROA vs GROY's -0.5%, ROIC 0.6% vs 0.2% |
GROY vs EMX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — GROY and EMX each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EMX is the larger business by revenue, generating $27M annually — 1.7x GROY's $16M. EMX is the more profitable business, keeping 18.1% of every revenue dollar as net income compared to GROY's -26.5%. On growth, GROY holds the edge at +34.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $16M | $27M |
| EBITDAEarnings before interest/tax | $4M | $11M |
| Net IncomeAfter-tax profit | -$4M | $5M |
| Free Cash FlowCash after capex | $4M | $4M |
| Gross MarginGross profit ÷ Revenue | +75.7% | +39.6% |
| Operating MarginEBIT ÷ Revenue | +9.9% | +17.8% |
| Net MarginNet income ÷ Revenue | -26.5% | +18.1% |
| FCF MarginFCF ÷ Revenue | +23.5% | +14.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +34.2% | +13.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +78.9% | +116.6% |
Valuation Metrics
EMX leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, EMX's 61.6x EV/EBITDA is more attractive than GROY's 139.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $630M | $453M |
| Enterprise ValueMkt cap + debt − cash | $617M | $462M |
| Trailing P/EPrice ÷ TTM EPS | -152.12x | -144.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 62.11x | 44.97x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 139.36x | 61.61x |
| Price / SalesMarket cap ÷ Revenue | 40.34x | 19.04x |
| Price / BookPrice ÷ Book value/share | 0.90x | 4.05x |
| Price / FCFMarket cap ÷ FCF | 629.66x | 136.62x |
Profitability & Efficiency
EMX leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
EMX delivers a 4.1% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-1 for GROY. GROY carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to EMX's 0.30x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -0.7% | +4.1% |
| ROA (TTM)Return on assets | -0.5% | +3.3% |
| ROICReturn on invested capital | +0.2% | +0.6% |
| ROCEReturn on capital employed | +0.2% | +0.7% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.00x | 0.30x |
| Net DebtTotal debt minus cash | -$12M | $8M |
| Cash & Equiv.Liquid assets | $12M | $26M |
| Total DebtShort + long-term debt | $101,000 | $35M |
| Interest CoverageEBIT ÷ Interest expense | 0.43x | 4.31x |
Total Returns (Dividends Reinvested)
EMX leads this category, winning 4 of 5 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EMX five years ago would be worth $11,556 today (with dividends reinvested), compared to $7,300 for GROY. Over the past 12 months, GROY leads with a +131.6% total return vs EMX's +91.7%. The 3-year compound annual growth rate (CAGR) favors EMX at 27.0% vs GROY's 16.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -12.0% | — |
| 1-Year ReturnPast 12 months | +131.6% | +91.7% |
| 3-Year ReturnCumulative with dividends | +58.6% | +104.9% |
| 5-Year ReturnCumulative with dividends | -27.0% | +15.6% |
| 10-Year ReturnCumulative with dividends | +2.0% | +429.8% |
| CAGR (3Y)Annualised 3-year return | +16.6% | +27.0% |
Risk & Volatility
EMX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
EMX is the less volatile stock with a 0.44 beta — it tends to amplify market swings less than GROY's 0.74 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EMX currently trades 77.2% from its 52-week high vs GROY's 65.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | 0.44x |
| 52-Week HighHighest price in past year | $5.46 | $5.39 |
| 52-Week LowLowest price in past year | $1.45 | $2.00 |
| % of 52W HighCurrent price vs 52-week peak | +65.8% | +77.2% |
| RSI (14)Momentum oscillator 0–100 | 46.9 | 48.1 |
| Avg Volume (50D)Average daily shares traded | 2.4M | 0 |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates GROY as "Buy" and EMX as "Buy". Consensus price targets imply 63.8% upside for GROY (target: $6) vs 38.2% for EMX (target: $6).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $5.88 | $5.75 |
| # AnalystsCovering analysts | 6 | 1 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.2% |
EMX leads in 4 of 6 categories — strongest in Valuation Metrics and Profitability & Efficiency. 1 category is tied.
GROY vs EMX: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is GROY or EMX a better buy right now?
For growth investors, Gold Royalty Corp.
(GROY) is the stronger pick with 54. 5% revenue growth year-over-year, versus 17. 3% for EMX Royalty Corporation (EMX). Analysts rate Gold Royalty Corp. (GROY) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — GROY or EMX?
Over the past 5 years, EMX Royalty Corporation (EMX) delivered a total return of +15.
6%, compared to -27. 0% for Gold Royalty Corp. (GROY). Over 10 years, the gap is even starker: EMX returned +429. 8% versus GROY's +2. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — GROY or EMX?
By beta (market sensitivity over 5 years), EMX Royalty Corporation (EMX) is the lower-risk stock at 0.
44β versus Gold Royalty Corp. 's 0. 74β — meaning GROY is approximately 69% more volatile than EMX relative to the S&P 500. On balance sheet safety, Gold Royalty Corp. (GROY) carries a lower debt/equity ratio of 0% versus 30% for EMX Royalty Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — GROY or EMX?
By revenue growth (latest reported year), Gold Royalty Corp.
(GROY) is pulling ahead at 54. 5% versus 17. 3% for EMX Royalty Corporation (EMX). On earnings-per-share growth, the picture is similar: EMX Royalty Corporation grew EPS 28. 0% year-over-year, compared to -18. 0% for Gold Royalty Corp.. Over a 3-year CAGR, GROY leads at 58. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — GROY or EMX?
EMX Royalty Corporation (EMX) is the more profitable company, earning -13.
8% net margin versus -26. 5% for Gold Royalty Corp. — meaning it keeps -13. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GROY leads at 10. 9% versus 4. 0% for EMX. At the gross margin level — before operating expenses — GROY leads at 75. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is GROY or EMX more undervalued right now?
On forward earnings alone, EMX Royalty Corporation (EMX) trades at 45.
0x forward P/E versus 62. 1x for Gold Royalty Corp. — 17. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GROY: 63. 8% to $5. 88.
07Which pays a better dividend — GROY or EMX?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is GROY or EMX better for a retirement portfolio?
For long-horizon retirement investors, EMX Royalty Corporation (EMX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
44), +429. 8% 10Y return). Both have compounded well over 10 years (EMX: +429. 8%, GROY: +2. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between GROY and EMX?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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