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TFPM

Triple Flag Precious Metals Corp.

TFPM

Triple Flag Precious Metals Corp. • NYSE
$33.49 ▲ 3.01% (+0.98)
Market Cap $6.92 B
52w High $33.51
52w Low $14.51
Dividend Yield 0.17%
P/E 33.16
Volume 317.06K
Outstanding Shares 206.56M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $93.456M ▼ $26.164M ▲ $61.916M ▲ 66.251% ▲ $0.3 ▲ $88.991M ▲
Q2-2025 $94.087M ▲ $7.911M ▲ $55.736M ▲ 59.239% ▲ $0.28 ▲ $72.632M ▲
Q1-2025 $82.245M ▲ $5.383M ▲ $45.521M ▲ 55.348% ▼ $0.23 ▲ $70.757M ▲
Q4-2024 $74.213M ▲ $4.992M ▼ $41.28M ▲ 55.624% ▲ $0.21 ▲ $48.79M ▲
Q3-2024 $73.669M $5.995M $29.649M 40.246% $0.15 $32.42M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $24.421M ▼ $2.046B ▲ $65.052M ▲ $1.981B ▲
Q2-2025 $81.77M ▲ $1.848B ▲ $40.582M ▲ $1.808B ▲
Q1-2025 $22.449M ▼ $1.794B ▲ $32.364M ▼ $1.762B ▲
Q4-2024 $39.255M ▲ $1.77B ▼ $34.259M ▼ $1.736B ▲
Q3-2024 $23.602M $1.773B $63.667M $1.71B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $61.916M ▼ $81.366M ▲ $-154.107M ▼ $-67K ▲ $-72.856M ▼ $-69.542M ▼
Q2-2025 $76.104M ▲ $76.114M ▲ $-12K ▲ $-13.125M ▲ $63.013M ▲ $76.114M ▲
Q1-2025 $45.521M ▲ $65.854M ▲ $-63.511M ▼ $-19.834M ▲ $-17.488M ▼ $2.343M ▼
Q4-2024 $40.115M ▼ $60.659M ▼ $-420.959K ▲ $-48.097M ▼ $12.659M ▲ $60.208M ▼
Q3-2024 $60.931M $61.798M $-60.776M $1.557M $2.539M $61.798M

Five-Year Company Overview

Income Statement

Income Statement Triple Flag’s income statement shows a young business that has grown steadily but hit a recent bump. Revenue has increased consistently over the past several years, and underlying cash earnings have been healthy, which fits the royalty and streaming model they run. Historically, margins have been strong because they do not operate the mines directly. However, the most recent year flipped from a solid profit to a small loss, with earnings per share moving into negative territory. That suggests one of two things: higher costs, deal-related or non‑cash charges, or a timing issue rather than a collapse in the core model. The longer trend points to a still-scalable business, but the latest setback is a reminder that earnings can be volatile even when the top line keeps rising.

Balance Sheet

Balance Sheet The balance sheet is a clear strength. Assets have grown steadily as Triple Flag has added new royalties and streams, while shareholder equity has built up over time. Debt is very low to essentially non‑existent in the latest figures, and cash, while modest, appears supported by strong underlying cash generation. This points to a conservative, equity‑heavy capital structure with plenty of financial flexibility. The company looks positioned to fund new deals without being overly reliant on borrowing, which reduces financial risk but can also temper how aggressively it can scale in hot markets.

Cash Flow

Cash Flow Cash flow performance is one of the more attractive features here. Operating cash flow has grown over time and looks consistently positive, which confirms that the business model converts revenue into cash effectively. Free cash flow has been mostly positive as well, but with a few years where it dipped into negative territory due to heavier investment activity. Capital spending is lumpy: some years show large outlays tied to new deals, which temporarily pull down free cash flow but are meant to support future growth. Overall, the profile is of a cash-generative business that occasionally leans into investment cycles, accepting short‑term cash pressure for longer‑term royalty and streaming income.

Competitive Edge

Competitive Edge Triple Flag operates in a specialized niche as a precious metals financier, not a traditional miner. Its competitive position rests on a diversified portfolio of royalties and streams across many mines and jurisdictions, with a focus on lower‑risk regions in the Americas and Australia. By avoiding direct mining operations, it sidesteps day‑to‑day cost and execution risks that weigh on miners, while still benefiting from production and exploration upside. A lean organization and experienced management team help it source and structure deals in competition with other streaming and royalty companies. Key advantages include diversification, disciplined capital allocation, and partner‑friendly financing structures. Key risks are exposure to metal prices, dependence on the operational performance of partner mines, and an increasingly competitive landscape for quality streaming and royalty opportunities.

Innovation and R&D

Innovation and R&D Innovation at Triple Flag is mainly financial and analytical rather than technological. The company’s edge comes from how it designs custom streaming and royalty contracts, performs deep due diligence, and manages risk across a large portfolio. It focuses on flexible, partner‑oriented deal structures that can be more attractive to miners than traditional debt or equity financing. Triple Flag is also using its platform to selectively expand into metals tied to the energy transition, such as copper and lithium, while keeping a strong core in gold and silver. Future innovation is more likely to show up in smarter deal structures, portfolio optimization, and selective commodity diversification than in classic R&D labs or mining technology.

Summary

Triple Flag Precious Metals looks like a financially disciplined royalty and streaming company with a growing revenue base, strong margins over the long run, and solid cash generation. Its balance sheet is conservative, with low leverage and growing equity, giving it room to pursue new deals without taking on heavy financial risk. Cash flow is generally robust but can fluctuate when the company leans into new investments. The business model offers attractive exposure to precious metals with less operational risk than traditional mining, supported by a diversified portfolio and an experienced team. At the same time, the company remains sensitive to metal prices, partner performance, and competition for high‑quality assets. Recent earnings softness stands out as a point to monitor, but the broader multi‑year picture reflects a growing, cash‑rich platform focused on disciplined expansion rather than rapid, debt‑fueled growth.

NEWS

November 13, 2025 · 6:00 AM UTC

Triple Flag Receives Approval for Normal Course Issuer Bid Renewal

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November 4, 2025 · 5:02 PM UTC

Triple Flag Announces Record Operating Cash Flow per Share in Q3 2025

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November 4, 2025 · 5:01 PM UTC

Triple Flag Declares Q4 2025 Dividend

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October 8, 2025 · 6:59 AM UTC

Triple Flag Announces Strong Revenue in Q3 2025 and First Production from Johnson Camp Mine and Tres Quebradas

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