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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and Gold Royalty Corp. (GROY). Click either name above to swap in a different company.

AVINO SILVER & GOLD MINES LTD is the larger business by last-quarter revenue ($21.0M vs $11, roughly 1912909.1× Gold Royalty Corp.). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs -12209.1%, a 12245.7% gap on every dollar of revenue.

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

Gold Royalty Corp is a precious metals-focused royalty and streaming company that primarily operates across North America. It provides upfront financing to mining project operators in exchange for a right to a percentage of future metal production or associated revenue, with a portfolio concentrated on gold, silver and related mineral assets catering to the global mining industry's alternative capital needs.

ASM vs GROY — Head-to-Head

Bigger by revenue
ASM
ASM
1912909.1× larger
ASM
$21.0M
$11
GROY
Higher net margin
ASM
ASM
12245.7% more per $
ASM
36.6%
-12209.1%
GROY

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ASM
ASM
GROY
GROY
Revenue
$21.0M
$11
Net Profit
$7.7M
$-1.3K
Gross Margin
47.1%
Operating Margin
Net Margin
36.6%
-12209.1%
Revenue YoY
44.0%
Net Profit YoY
558.9%
EPS (diluted)
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASM
ASM
GROY
GROY
Q3 25
$21.0M
$11
Q2 25
$21.8M
Q1 25
$18.8M
Q3 24
$14.6M
Q2 24
$14.8M
Q1 24
$12.4M
Q3 23
$12.3M
Q2 23
$9.2M
Net Profit
ASM
ASM
GROY
GROY
Q3 25
$7.7M
$-1.3K
Q2 25
$2.9M
Q1 25
$5.6M
Q3 24
$1.2M
Q2 24
$1.2M
Q1 24
$599.0K
Q3 23
$-803.0K
Q2 23
$1.1M
Gross Margin
ASM
ASM
GROY
GROY
Q3 25
47.1%
Q2 25
46.9%
Q1 25
56.1%
Q3 24
39.1%
Q2 24
31.8%
Q1 24
18.9%
Q3 23
19.2%
Q2 23
11.3%
Net Margin
ASM
ASM
GROY
GROY
Q3 25
36.6%
-12209.1%
Q2 25
13.1%
Q1 25
29.8%
Q3 24
8.0%
Q2 24
8.4%
Q1 24
4.8%
Q3 23
-6.5%
Q2 23
12.3%
EPS (diluted)
ASM
ASM
GROY
GROY
Q3 25
$0.05
Q2 25
$0.02
Q1 25
$0.04
Q3 24
$0.01
Q2 24
$0.01
Q1 24
$0.00
Q3 23
$-0.01
Q2 23
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASM
ASM
GROY
GROY
Cash + ST InvestmentsLiquidity on hand
$57.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
Total Assets
$221.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
GROY
GROY
Q3 25
$57.3M
Q2 25
$37.3M
Q1 25
$26.6M
Q3 24
$7.8M
Q2 24
$5.3M
Q1 24
$3.5M
Q3 23
$1.9M
Q2 23
$1.2M
Stockholders' Equity
ASM
ASM
GROY
GROY
Q3 25
$182.1M
Q2 25
$144.8M
Q1 25
$132.3M
Q3 24
$114.5M
Q2 24
$112.2M
Q1 24
$107.8M
Q3 23
$102.7M
Q2 23
$99.8M
Total Assets
ASM
ASM
GROY
GROY
Q3 25
$221.9M
Q2 25
$174.7M
Q1 25
$157.7M
Q3 24
$135.4M
Q2 24
$133.7M
Q1 24
$128.6M
Q3 23
$123.5M
Q2 23
$120.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASM
ASM
GROY
GROY
Operating Cash FlowLast quarter
$8.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
GROY
GROY
Q3 25
$8.3M
Q2 25
$8.3M
Q1 25
$758.0K
Q3 24
$4.1M
Q2 24
$1.1M
Q1 24
$2.3M
Q3 23
$-83.0K
Q2 23
$502.0K
Cash Conversion
ASM
ASM
GROY
GROY
Q3 25
1.08×
Q2 25
2.92×
Q1 25
0.13×
Q3 24
3.55×
Q2 24
0.87×
Q1 24
3.92×
Q3 23
Q2 23
0.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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