Triple Flag Precious Metals Corp. (TFPM) Key Metrics
TFPM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.33B
- Enterprise value
- $7.20B
- P/E (TTM)
- 15.4 10-yr median 39.2
- Forward P/E
- 23.7
- PEG ratio
- —
- Price / sales
- 12.9 10-yr median 13.0
- Price / book
- 3.0 10-yr median 1.6
- EV / EBITDA
- 16.0 10-yr median 18.5
- Dividend yield
- 0.78% $0.24 a year
- Beta
- 0.31
TFPM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTFPM valuation Price multiples at each fiscal year-end price.
TFPM returns How much profit the business earns on the capital it uses.
TFPM per-share figures Results divided by the shares outstanding at year-end.
TFPM financial health Debt, liquidity and how easily interest is covered.
TFPM efficiency & capital use Working capital cycle and where the cash goes.
TFPM valuation history
TFPM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TFPM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TFPM cash returned to shareholders
TFPM price vs earnings per share
TFPM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.78B | $3.03B | $2.66B | $2.15B | $1.80B | — | — | — | — | — |
| Enterprise value | $6.66B | $2.99B | $2.69B | $2.07B | $1.75B | — | — | — | — | — |
| P/E ratio | 27.8 | — | 73.2 | 39.0 | 39.5 | — | — | — | — | — |
| Price / sales | 17.1 | 11.3 | 13.0 | 14.1 | 12.0 | — | — | — | — | — |
| Price / book | 3.3 | 1.7 | 1.5 | 1.6 | 1.4 | — | — | — | — | — |
| Price / free cash flow | 73.1 | 19.4 | — | 32.5 | 26.2 | — | — | — | — | — |
| Price / operating cash flow | 21.5 | 14.2 | 17.2 | 18.1 | 15.0 | — | — | — | — | — |
| EV / sales | 16.8 | 11.1 | 13.2 | 13.6 | 11.6 | — | — | — | — | — |
| EV / EBITDA | 18.5 | 31.7 | 24.4 | 18.5 | 15.5 | — | — | — | — | — |
| EV / free cash flow | 71.8 | 19.2 | — | 31.3 | 25.4 | — | — | — | — | — |
| Earnings yield | 3.6% | −0.8% | 1.4% | 2.6% | 2.5% | — | — | — | — | — |
| Free cash flow yield | 1.4% | 5.2% | −1.4% | 3.1% | 3.8% | — | — | — | — | — |
| Dividend yield | 0.7% | 1.4% | 1.6% | 1.4% | 0.8% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.8% | 1.7% | 2.3% | 1.6% | 0.9% | — | — | — | — | — |
| Share price at fiscal year-end | $33.22 | $15.04 | $13.31 | $13.76 | $12.15 | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $1.94 | $1.34 | $1.02 | $0.97 | $1.02 | $0.73 | $0.38 | $0.28 | $0.57 | $0.00 |
| Earnings per share | $1.20 | −$0.11 | $0.18 | $0.35 | $0.31 | $0.36 | −$0.09 | −$0.00 | −$0.40 | −$0.09 |
| Operating cash flow per share | $1.54 | $1.06 | $0.77 | $0.76 | $0.81 | $0.54 | $0.26 | $0.18 | $0.38 | −$0.07 |
| Free cash flow per share | $0.45 | $0.78 | −$0.18 | $0.42 | $0.46 | −$4.16 | −$0.86 | −$1.50 | −$2.48 | −$8.47 |
| Cash per share | $0.60 | $0.20 | $0.12 | $0.52 | $0.37 | $0.31 | $0.21 | $0.16 | $0.21 | $0.01 |
| Book value per share | $10.00 | $8.62 | $9.08 | $8.45 | $8.75 | $6.57 | $3.83 | $2.83 | −$0.44 | −$0.04 |
| Tangible book value per share | $10.00 | $8.62 | $9.08 | $8.45 | $8.75 | $6.57 | $3.83 | $2.83 | −$0.45 | −$0.04 |
| Dividends per share | $0.23 | $0.21 | $0.21 | $0.19 | $0.10 | $0.10 | $0.10 | $1.90 | — | — |
| Capex per share | $1.09 | $0.29 | $0.96 | $0.34 | $0.35 | $4.70 | $1.11 | $1.68 | $2.86 | $8.40 |
| Debt per share | $0.01 | $0.01 | $0.30 | $0.01 | $0.01 | $1.78 | $0.38 | $0.77 | $6.22 | $3.54 |
| Shares outstanding | 204.1M | 201.3M | 199.5M | 156.0M | 148.0M | 155.1M | 155.1M | 155.1M | 71.6M | 71.6M |
| Change in shares outstanding | +1.4% | +0.9% | +27.9% | +5.4% | −4.6% | 0.0% | 0.0% | +116.8% | 0.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.9% | −1.3% | 2.3% | 4.2% | 3.9% | 6.9% | −2.7% | −0.0% | — | — |
| Return on invested capital (ROIC) | 11.5% | −0.8% | 2.6% | 4.8% | 4.8% | 3.3% | −4.3% | −0.5% | −7.0% | −1.4% |
| Return on assets (ROA) | 12.6% | −1.3% | 2.2% | 4.2% | 3.5% | 5.7% | −2.2% | −0.0% | −8.6% | −2.6% |
| Return on tangible assets | 11.6% | −1.3% | 1.9% | 4.1% | 3.5% | 4.3% | −2.1% | −0.0% | −6.9% | −2.6% |
| Free cash flow margin | 23.5% | 58.0% | −18.0% | 43.5% | 45.7% | −573.2% | −224.5% | −540.8% | −433.5% | — |
| Income quality (OCF / net income) | 1.29 | — | 4.25 | 2.15 | 2.64 | 1.52 | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $2.5M | $1.7M | $59.1M | $1.9M | $1.1M | $276.4M | $58.6M | $119.0M | $445.5M | $253.2M |
| Cash & short-term investments | $122.0M | $39.3M | $23.6M | $81.0M | $54.3M | $48.2M | $31.9M | $25.0M | $15.0M | $574,760 |
| Net debt | −$119.5M | −$37.6M | $35.5M | −$79.1M | −$53.2M | $228.2M | $26.7M | $94.0M | $430.4M | $252.6M |
| Debt / equity | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.27 | 0.10 | 0.27 | — | — |
| Debt / assets | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.21 | 0.09 | 0.21 | 1.06 | 1.01 |
| Net debt / EBITDA | −0.33 | −0.40 | 0.32 | −0.71 | −0.47 | 1.81 | 2.03 | 2.40 | 13.55 | — |
| Current ratio | 3.92 | 2.79 | 3.29 | 7.20 | 16.20 | 14.22 | 11.74 | 7.05 | 0.05 | 0.00 |
| Quick ratio | 3.80 | 2.65 | 3.21 | 7.20 | 15.90 | 11.86 | 11.19 | 6.30 | 0.05 | 0.00 |
| Interest coverage | 54.7 | -3.2 | 5.6 | 19.4 | 10.7 | 3.3 | -3.6 | -1.4 | — | — |
| Working capital | $113.6M | $48.5M | $39.7M | $78.0M | $68.0M | $54.5M | $40.8M | $35.2M | −$426.7M | −$253.4M |
| Invested capital | $1.92B | $1.70B | $1.85B | $1.24B | $1.24B | $1.25B | $620.3M | $533.5M | $398.7M | $249.9M |
| Tangible asset value | $2.04B | $1.74B | $1.81B | $1.32B | $1.29B | $1.02B | $593.6M | $439.5M | −$31.9M | −$2.8M |
| Net current asset value | $84.4M | $41.4M | −$26.7M | $72.1M | $63.6M | −$223.4M | −$19.7M | −$84.9M | −$426.7M | −$253.4M |
| Graham number | $16.41 | — | $6.09 | $8.20 | $7.78 | $7.28 | — | — | — | — |
| Graham net-net per share | $0.37 | $0.10 | −$0.21 | $0.44 | $0.39 | −$1.43 | −$0.17 | −$0.59 | −$6.00 | −$3.54 |
| Capital allocation | ||||||||||
| Dividends paid | $46.6M | $43.3M | $41.3M | $30.4M | $14.8M | $14.8M | $14.8M | $294.5M | — | — |
| Share buybacks (net) | $9.2M | $8.9M | $20.7M | $4.1M | $1.7M | $0 | $0 | $162.8M | — | — |
| Dividend payout ratio | 19.1% | — | 113.9% | 55.2% | 32.6% | 26.7% | — | — | — | — |
| Dividends + buybacks / free cash flow | 60.2% | 33.5% | — | 52.2% | 24.0% | — | — | — | — | — |
| Capex / revenue | 56.2% | 21.4% | 93.6% | 34.4% | 34.1% | 648.1% | 291.6% | 605.7% | 499.7% | — |
| Capex / operating cash flow | 70.6% | 26.9% | 123.8% | 44.2% | 42.7% | 864.8% | 434.3% | 933.7% | 755.0% | — |
| Capex / depreciation | 2.75 | 0.80 | 2.86 | 139.79 | 128.48 | 1,828.78 | 485.89 | 8,690.33 | 3.39 | 133.02 |
| Stock-based compensation / revenue | 0.1% | 0.2% | 1.7% | 2.2% | 0.9% | 14.6% | 115.3% | 64.5% | — | — |
| R&D / revenue | — | 1.3% | 2.1% | 2.0% | 0.5% | 0.1% | 0.2% | 0.8% | — | — |
| SG&A / revenue | 7.7% | 9.4% | 17.1% | 12.2% | 8.6% | 6.4% | 18.4% | 11.8% | 4.5% | — |
| Efficiency | ||||||||||
| Days sales outstanding | 19.8 | 27.7 | 28.1 | 29.3 | 31.8 | 28.9 | 55.7 | 74.2 | 64.0 | — |
| Days of inventory on hand | 12.1 | 25.0 | 2.5 | — | 30.1 | 34.4 | 25.0 | 23.1 | 76.1 | — |
| Days payables outstanding | 11.3 | 16.6 | 3.0 | 3.3 | 2.5 | 4.2 | 4.8 | 4.8 | — | — |
| Cash conversion cycle (days) | 20.6 | 36.0 | 27.6 | 29.8 | 59.4 | 59.1 | 75.9 | 92.5 | — | — |
| Receivables turnover | 18.42 | 13.20 | 12.98 | 12.46 | 11.49 | 12.62 | 6.55 | 4.92 | 5.70 | — |
| Payables turnover | 32.41 | 22.01 | 123.20 | 110.53 | 145.70 | 86.25 | 76.41 | 75.32 | — | — |
| Inventory turnover | 30.22 | 14.63 | 146.48 | — | 12.12 | 10.61 | 14.58 | 15.78 | 4.79 | — |
| Asset turnover | 0.20 | 0.15 | 0.13 | 0.12 | 0.12 | 0.11 | 0.10 | 0.09 | 0.12 | 0.00 |
| Average receivables | $21.5M | $20.4M | $15.7M | $12.2M | $13.1M | $8.9M | $9.0M | $8.8M | $7.2M | — |
| Average payables | $4.0M | $1.7M | $827,500 | $587,000 | $461,000 | $724,500 | $614,500 | $555,000 | — | — |
| Average inventory | $4.2M | $2.6M | $696,000 | $686,000 | $5.5M | $5.9M | $3.2M | $2.6M | $925,559 | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from TFPM's annual financial statements (latest annual report filed March 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TFPM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Triple Flag Precious Metals traded at 27.8 times earnings, against a 10-year median of 39.2. Based on the latest twelve months, the trailing P/E is 15.4 and the forward P/E is 23.7. Triple Flag Precious Metals earned a return on equity of 12.9% and a return on invested capital of 11.5% in fiscal 2025. It ended the year with $2.5 million of debt and $122.0 million in cash and short-term investments, a net cash position of $119.5 million. It returned $55.8 million to shareholders: $46.6 million in dividends and $9.2 million in share buybacks, 60% of free cash flow. The share count rose 185.1% from 71.6M to 204.1M over 9 years.
See the TFPM income statement, the TFPM chart for price history, or the TFPM stock overview for the latest quote and news.
TFPM key metrics FAQ
What is Triple Flag Precious Metals's P/E ratio?
Triple Flag Precious Metals's trailing P/E ratio is 15.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 23.7. At the end of fiscal 2025 it was 27.8, compared with a 10-year median of 39.2.
What is Triple Flag Precious Metals's EV/EBITDA?
Triple Flag Precious Metals's enterprise value was 18.5 times EBITDA at the end of fiscal 2025 (enterprise value $6.7 billion, EBITDA $359.3 million); the current EV/EBITDA is 16.0.
What is Triple Flag Precious Metals's return on equity?
Triple Flag Precious Metals's return on equity (ROE) was 12.9% in fiscal 2025: net income of $244.2 million on average shareholders' equity of $1.9 billion.
What is Triple Flag Precious Metals's ROIC?
Triple Flag Precious Metals's return on invested capital was 11.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Triple Flag Precious Metals have?
Triple Flag Precious Metals had total debt of $2.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Triple Flag Precious Metals's dividend yield?
Triple Flag Precious Metals's forward dividend yield is 0.78%. Triple Flag Precious Metals paid $46.6 million in dividends in fiscal 2025 ($0.23 per share), a payout ratio of 19.1%.
Does Triple Flag Precious Metals buy back its shares?
Yes. Triple Flag Precious Metals spent $9.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.4% over the year, to 204.1M..
What is Triple Flag Precious Metals's free cash flow yield?
Triple Flag Precious Metals generated $92.8 million of free cash flow in fiscal 2025, a free cash flow yield of 1.4% on its market value at year-end ($6.8 billion).
What is Triple Flag Precious Metals's current ratio?
Triple Flag Precious Metals's current ratio was 3.92 at the end of fiscal 2025: current assets were 3.92 times current liabilities.