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Side-by-side financial comparison of OR Royalties Inc. (OR) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.

OR Royalties Inc. is the larger business by last-quarter revenue ($46.7M vs $38.5M, roughly 1.2× Orchid Island Capital, Inc.).

OR Royalties Inc. is a Canadian company that holds royalties in gold, silver and diamond mines, principally in the form of net smelter returns and streams.Like its predecessor company, Osisko Mining, it is headquartered in Montreal, Quebec, with shares listed on the Toronto Stock Exchange and the New York Stock Exchange.

Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.

OR vs ORC — Head-to-Head

Bigger by revenue
OR
OR
1.2× larger
OR
$46.7M
$38.5M
ORC

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
OR
OR
ORC
ORC
Revenue
$46.7M
$38.5M
Net Profit
$103.4M
Gross Margin
Operating Margin
Net Margin
268.7%
Revenue YoY
372.6%
Net Profit YoY
1764.9%
EPS (diluted)

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
OR
OR
ORC
ORC
Q4 25
$38.5M
Q3 25
$26.9M
Q2 25
$23.2M
Q1 25
$19.7M
Q3 24
$340.0K
Q2 24
$-697.0K
Q1 24
$-2.5M
Q4 22
$2.4M
Net Profit
OR
OR
ORC
ORC
Q4 25
$103.4M
Q3 25
$72.1M
Q2 25
$-33.6M
Q1 25
$17.1M
Q3 24
$17.3M
Q2 24
$-5.0M
Q1 24
$19.8M
Q4 22
Net Margin
OR
OR
ORC
ORC
Q4 25
268.7%
Q3 25
267.8%
Q2 25
-145.0%
Q1 25
86.9%
Q3 24
5094.1%
Q2 24
714.3%
Q1 24
-794.2%
Q4 22

Balance Sheet & Financial Strength

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

Metric
OR
OR
ORC
ORC
Cash + ST InvestmentsLiquidity on hand
$665.9M
Total DebtLower is stronger
$222.8M
Stockholders' EquityBook value
$1.3B
$1.4B
Total Assets
$11.7B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OR
OR
ORC
ORC
Q4 25
$665.9M
Q3 25
$583.9M
Q2 25
$440.8M
Q1 25
$396.4M
Q3 24
$322.1M
Q2 24
$241.0M
Q1 24
$190.4M
Q4 22
$205.7M
Stockholders' Equity
OR
OR
ORC
ORC
Q4 25
$1.4B
Q3 25
$1.1B
Q2 25
$912.0M
Q1 25
$855.9M
Q3 24
$656.0M
Q2 24
$555.9M
Q1 24
$481.6M
Q4 22
$438.8M
Total Assets
OR
OR
ORC
ORC
Q4 25
$11.7B
Q3 25
$9.1B
Q2 25
$7.6B
Q1 25
$7.3B
Q3 24
$5.9B
Q2 24
$4.9B
Q1 24
$4.2B
Q4 22
$3.9B

Cash Flow & Capital Efficiency

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

Metric
OR
OR
ORC
ORC
Operating Cash FlowLast quarter
$120.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OR
OR
ORC
ORC
Q4 25
$120.4M
Q3 25
$28.0M
Q2 25
$18.4M
Q1 25
$25.8M
Q3 24
$-14.8M
Q2 24
$19.3M
Q1 24
$45.0M
Q4 22
$289.4M
Cash Conversion
OR
OR
ORC
ORC
Q4 25
1.16×
Q3 25
0.39×
Q2 25
Q1 25
1.51×
Q3 24
-0.86×
Q2 24
Q1 24
2.28×
Q4 22

Financial Flow Comparison

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

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