Last 46 quarters of trend data · Basic Materials · Gold
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has compressed 33.0% YoY to 2.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | — | — | — | — | — | 26.93 | 13.74 | — | 21.99 | — | 19.58 | — | — |
| — | — | — | — | — | — | -29.8% | — | — | — | — | — | — | |
| P/S Ratio | 4.57 | 1.56 | 0.82 | 1.38 | 1.63 | 1.52 | 1.52 | 2.53 | 2.21 | 2.21 | 2.21 | 2.58 | 2.08 |
| — | +2.8% | -46.4% | -45.5% | -26.0% | -31.5% | -31.3% | -1.7% | +6.3% | +23.9% | -47.9% | -20.9% | -67.2% | |
| P/B Ratio | 2.65 | 2.10 | 0.75 | 1.02 | 0.88 | 1.09 | 1.28 | 1.64 | 1.09 | 1.36 | 1.31 | 1.65 | 1.43 |
| — | +92.6% | -41.0% | -37.9% | -19.9% | -19.9% | -2.9% | -0.2% | -23.7% | +12.5% | -33.4% | +15.5% | -16.3% | |
| P/FCF | 140.33 | 99.07 | 4.76 | — | 184.67 | — | 38.64 | — | — | 20.78 | — | — | 50.14 |
| — | — | -87.7% | — | — | — | — | — | — | +8.5% | — | — | — | |
| EV / EBITDA | 13.03 | 2.78 | 1.40 | 4.91 | — | 4.16 | 3.20 | 6.77 | 8.01 | 9.37 | 7.30 | 8.30 | 5.76 |
| — | -33.0% | -56.4% | -27.4% | — | -55.6% | -56.1% | -18.4% | +39.1% | +131.2% | -58.1% | -10.7% | — | |
| EV / EBIT | 16.19 | 7.87 | 2.02 | 6.92 | — | 4.37 | 2.65 | 69.66 | 4.85 | 11.75 | 5.13 | 13.30 | 9.38 |
| — | +79.8% | -23.8% | -90.1% | — | -62.8% | -48.4% | +423.6% | -48.2% | +429.2% | — | +173.1% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
TRX Gold Corporation's operating margin was 49.7% in Q1 2026, up 2.8 pp QoQ and up 22.8 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 25.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 47.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.5% | 56.4% | 53.5% | 34.8% | 23.0% | 38.2% | 48.0% | 42.5% | 40.4% | 39.1% | 42.6% | 41.1% | 48.2% |
| — | +47.7% | +11.4% | -18.2% | -43.1% | -2.4% | +12.8% | +3.4% | -16.1% | -27.4% | -37.5% | -43.5% | -12.5% | |
| Operating Margin | 27.5% | 49.7% | 46.9% | 20.9% | -14.0% | 26.9% | 37.7% | 29.0% | 18.5% | 15.7% | 21.3% | 24.1% | 28.6% |
| — | +84.7% | +24.4% | -27.8% | -175.7% | +71.2% | +76.9% | +20.1% | -35.2% | -56.0% | -5.4% | -16.6% | +402.3% | |
| Net Margin | 1.2% | -16.6% | 10.4% | -1.7% | -27.7% | 7.8% | 15.1% | -26.0% | 13.5% | -10.3% | 15.2% | -13.6% | -13.9% |
| — | -311.9% | -31.0% | +93.3% | -304.6% | +176.2% | -1.1% | -91.7% | +197.6% | -128.4% | +121.9% | -139.5% | +76.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.8% | -4.8% | 2.9% | -0.3% | -3.7% | 1.5% | 3.2% | -4.2% | 1.7% | -1.6% | 2.3% | -2.2% | -2.4% |
| — | -426.3% | -11.3% | +92.4% | -318.8% | +192.1% | +39.1% | -93.2% | +171.0% | -124.1% | +128.5% | -156.1% | +41.7% | |
| ROA | 0.5% | -2.9% | 1.8% | -0.2% | -2.4% | 1.0% | 2.1% | -2.9% | 1.2% | -1.1% | 1.6% | -1.5% | -1.8% |
| — | -400.7% | -16.4% | +93.2% | -298.3% | +188.2% | +35.5% | -90.2% | +168.4% | -122.5% | +125.7% | -150.1% | +46.7% | |
| ROIC | 15.5% | 11.5% | 10.1% | 2.9% | -1.5% | 4.1% | 6.8% | 4.0% | 2.0% | 2.1% | 2.8% | 3.4% | 4.4% |
| — | +179.5% | +48.1% | -26.2% | -174.3% | +96.0% | +146.2% | +18.4% | -54.4% | -64.0% | +15.3% | +6.3% | +791.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
TRX Gold Corporation's Debt/EBITDA ratio is 0.3x, up from 0.3x last quarter — comfortably within a safe range. The current ratio has improved 36.5% YoY to 1.08x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.06 | 0.04 | 0.09 | 0.06 | 0.04 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| — | +46.6% | +85.8% | +8759.5% | +5728.7% | +3192.4% | +1129.5% | -48.0% | -54.7% | -48.7% | — | — | — | |
| Debt / EBITDA | 0.20 | 0.33 | 0.31 | 1.70 | — | 0.67 | 0.22 | 0.02 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| — | -50.2% | +38.0% | +9550.5% | — | +1635.2% | +449.1% | -57.5% | -17.3% | +2.1% | — | — | — | |
| Current Ratio | 1.04 | 1.08 | 1.04 | 0.76 | 0.76 | 0.79 | 0.80 | 0.74 | 0.89 | 0.86 | 0.93 | 0.79 | 1.07 |
| — | +36.5% | +30.2% | +3.7% | -14.1% | -8.3% | -13.5% | -6.8% | -16.6% | -21.2% | +1.0% | -45.3% | -30.0% | |
| Quick Ratio | 0.51 | 0.56 | 0.51 | 0.34 | 0.40 | 0.47 | 0.51 | 0.44 | 0.55 | 0.58 | 0.65 | 0.56 | 0.80 |
| — | +17.9% | +1.0% | -21.9% | -27.8% | -18.8% | -21.7% | -21.7% | -31.1% | -29.8% | -8.4% | -54.3% | -40.7% | |
| Interest Coverage | 40.22 | 58.35 | 28.05 | 12.64 | -1.38 | 14.43 | 8.99 | 12.89 | 4.46 | 4.26 | 7.72 | 9.26 | 4.53 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Quick answers to the most common questions about buying TRX stock.
TRX Gold Corporation's current operating margin is 27.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking TRX Gold Corporation's business trajectory between earnings reports.