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OR vs EMX
Revenue, margins, valuation, and 5-year total return — side by side.
Industrial Materials
OR vs EMX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Gold | Industrial Materials |
| Market Cap | $7.26B | $453M |
| Revenue (TTM) | $279M | $27M |
| Net Income (TTM) | $207M | $5M |
| Gross Margin | 83.7% | 39.6% |
| Operating Margin | 71.0% | 17.8% |
| Forward P/E | 18.9x | 45.0x |
| Total Debt | $9M | $35M |
| Cash & Equiv. | $142M | $26M |
OR vs EMX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| OR Royalties Inc. (OR) | 100 | 392.1 | +292.1% |
| EMX Royalty Corpora… (EMX) | 100 | 227.5 | +127.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OR vs EMX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
OR carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 47.5%, EPS growth 8.3%, 3Y rev CAGR 20.7%
- 47.5% revenue growth vs EMX's 17.3%
- Lower P/E (18.9x vs 45.0x)
EMX is the clearest fit if your priority is income & stability and long-term compounding.
- beta 0.44
- 395.2% 10Y total return vs OR's 210.1%
- Lower volatility, beta 0.44, Low D/E 29.9%, current ratio 8.85x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 47.5% revenue growth vs EMX's 17.3% | |
| Value | Lower P/E (18.9x vs 45.0x) | |
| Quality / Margins | 74.3% margin vs EMX's 18.1% | |
| Stability / Safety | Beta 0.44 vs OR's 0.54 | |
| Dividends | 0.5% yield; 2-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +85.7% vs OR's +60.9% | |
| Efficiency (ROA) | 12.7% ROA vs EMX's 3.3%, ROIC 12.2% vs 0.6% |
OR 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)
OR leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
OR is the larger business by revenue, generating $279M annually — 10.5x EMX's $27M. OR is the more profitable business, keeping 74.3% of every revenue dollar as net income compared to EMX's 18.1%. On growth, OR holds the edge at +66.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $279M | $27M |
| EBITDAEarnings before interest/tax | $235M | $11M |
| Net IncomeAfter-tax profit | $207M | $5M |
| Free Cash FlowCash after capex | $210M | $4M |
| Gross MarginGross profit ÷ Revenue | +83.7% | +39.6% |
| Operating MarginEBIT ÷ Revenue | +71.0% | +17.8% |
| Net MarginNet income ÷ Revenue | +74.3% | +18.1% |
| FCF MarginFCF ÷ Revenue | +75.2% | +14.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +66.4% | +13.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.9% | +116.6% |
Valuation Metrics
Evenly matched — OR and EMX each lead in 3 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, OR's 29.3x EV/EBITDA is more attractive than EMX's 61.6x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $7.3B | $453M |
| Enterprise ValueMkt cap + debt − cash | $7.1B | $462M |
| Trailing P/EPrice ÷ TTM EPS | 34.90x | -144.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.95x | 44.97x |
| PEG RatioP/E ÷ EPS growth rate | 0.56x | — |
| EV / EBITDAEnterprise value multiple | 29.31x | 61.61x |
| Price / SalesMarket cap ÷ Revenue | 25.75x | 19.04x |
| Price / BookPrice ÷ Book value/share | 5.13x | 4.05x |
| Price / FCFMarket cap ÷ FCF | 34.22x | 136.62x |
Profitability & Efficiency
OR leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
OR delivers a 14.1% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $4 for EMX. OR carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to EMX's 0.30x. On the Piotroski fundamental quality scale (0–9), OR scores 7/9 vs EMX's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +14.1% | +4.1% |
| ROA (TTM)Return on assets | +12.7% | +3.3% |
| ROICReturn on invested capital | +12.2% | +0.6% |
| ROCEReturn on capital employed | +14.2% | +0.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.01x | 0.30x |
| Net DebtTotal debt minus cash | -$133M | $8M |
| Cash & Equiv.Liquid assets | $142M | $26M |
| Total DebtShort + long-term debt | $9M | $35M |
| Interest CoverageEBIT ÷ Interest expense | 55.06x | 4.31x |
Total Returns (Dividends Reinvested)
OR leads this category, winning 3 of 5 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in OR five years ago would be worth $29,970 today (with dividends reinvested), compared to $12,164 for EMX. Over the past 12 months, EMX leads with a +85.7% total return vs OR's +60.9%. The 3-year compound annual growth rate (CAGR) favors OR at 30.9% vs EMX's 27.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +10.2% | — |
| 1-Year ReturnPast 12 months | +60.9% | +85.7% |
| 3-Year ReturnCumulative with dividends | +124.5% | +104.9% |
| 5-Year ReturnCumulative with dividends | +199.7% | +21.6% |
| 10-Year ReturnCumulative with dividends | +210.1% | +395.2% |
| CAGR (3Y)Annualised 3-year return | +30.9% | +27.0% |
Risk & Volatility
Evenly matched — OR and EMX each lead in 1 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 OR's 0.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OR currently trades 80.6% from its 52-week high vs EMX's 77.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.54x | 0.44x |
| 52-Week HighHighest price in past year | $48.06 | $5.39 |
| 52-Week LowLowest price in past year | $22.40 | $2.00 |
| % of 52W HighCurrent price vs 52-week peak | +80.6% | +77.2% |
| RSI (14)Momentum oscillator 0–100 | 37.0 | 48.1 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 0 |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates OR as "Buy" and EMX as "Buy". Consensus price targets imply 38.2% upside for EMX (target: $6) vs 14.9% for OR (target: $45). OR is the only dividend payer here at 0.48% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $44.50 | $5.75 |
| # AnalystsCovering analysts | 9 | 1 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | — |
| Dividend StreakConsecutive years of raises | 2 | — |
| Dividend / ShareAnnual DPS | $0.19 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | +1.2% |
OR leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.
OR vs EMX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is OR or EMX a better buy right now?
For growth investors, OR Royalties Inc.
(OR) is the stronger pick with 47. 5% revenue growth year-over-year, versus 17. 3% for EMX Royalty Corporation (EMX). OR Royalties Inc. (OR) offers the better valuation at 34. 9x trailing P/E (18. 9x forward), making it the more compelling value choice. Analysts rate OR Royalties Inc. (OR) a "Buy" — based on 9 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 has the better valuation — OR or EMX?
On forward P/E, OR Royalties Inc.
is actually cheaper at 18. 9x.
03Which is the better long-term investment — OR or EMX?
Over the past 5 years, OR Royalties Inc.
(OR) delivered a total return of +199. 7%, compared to +21. 6% for EMX Royalty Corporation (EMX). Over 10 years, the gap is even starker: EMX returned +395. 2% versus OR's +210. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — OR or EMX?
By beta (market sensitivity over 5 years), EMX Royalty Corporation (EMX) is the lower-risk stock at 0.
44β versus OR Royalties Inc. 's 0. 54β — meaning OR is approximately 23% more volatile than EMX relative to the S&P 500. On balance sheet safety, OR Royalties Inc. (OR) carries a lower debt/equity ratio of 1% versus 30% for EMX Royalty Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — OR or EMX?
By revenue growth (latest reported year), OR Royalties Inc.
(OR) is pulling ahead at 47. 5% versus 17. 3% for EMX Royalty Corporation (EMX). On earnings-per-share growth, the picture is similar: OR Royalties Inc. grew EPS 825. 0% year-over-year, compared to 28. 0% for EMX Royalty Corporation. Over a 3-year CAGR, EMX leads at 54. 4% 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.
06Which has better profit margins — OR or EMX?
OR Royalties Inc.
(OR) is the more profitable company, earning 74. 3% net margin versus -13. 8% for EMX Royalty Corporation — meaning it keeps 74. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OR leads at 72. 9% versus 4. 0% for EMX. At the gross margin level — before operating expenses — OR leads at 83. 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.
07Is OR or EMX more undervalued right now?
On forward earnings alone, OR Royalties Inc.
(OR) trades at 18. 9x forward P/E versus 45. 0x for EMX Royalty Corporation — 26. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EMX: 38. 2% to $5. 75.
08Which pays a better dividend — OR or EMX?
In this comparison, OR (0.
5% yield) pays a dividend. EMX does not pay a meaningful dividend and should not be held primarily for income.
09Is OR 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), +395. 2% 10Y return). Both have compounded well over 10 years (EMX: +395. 2%, OR: +210. 1%), 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.
10What are the main differences between OR 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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