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Side-by-side financial comparison of OR Royalties Inc. (OR) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

UNITED STATES LIME & MINERALS INC is the larger business by last-quarter revenue ($87.9M vs $46.7M, roughly 1.9× OR Royalties 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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

OR vs USLM — Head-to-Head

Bigger by revenue
USLM
USLM
1.9× larger
USLM
$87.9M
$46.7M
OR

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
OR
OR
USLM
USLM
Revenue
$46.7M
$87.9M
Net Profit
$30.5M
Gross Margin
48.0%
Operating Margin
41.0%
Net Margin
34.7%
Revenue YoY
9.8%
Net Profit YoY
13.2%
EPS (diluted)
$1.06

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
USLM
USLM
Q4 25
$87.9M
Q3 25
$102.0M
Q2 25
$91.5M
Q1 25
$91.3M
Q4 24
$80.1M
Q3 24
$89.4M
Q2 24
$76.5M
Q1 24
$71.7M
Net Profit
OR
OR
USLM
USLM
Q4 25
$30.5M
Q3 25
$38.8M
Q2 25
$30.8M
Q1 25
$34.1M
Q4 24
$27.0M
Q3 24
$33.4M
Q2 24
$26.1M
Q1 24
$22.4M
Gross Margin
OR
OR
USLM
USLM
Q4 25
48.0%
Q3 25
51.2%
Q2 25
45.8%
Q1 25
50.6%
Q4 24
44.3%
Q3 24
48.2%
Q2 24
45.5%
Q1 24
42.7%
Operating Margin
OR
OR
USLM
USLM
Q4 25
41.0%
Q3 25
45.3%
Q2 25
39.0%
Q1 25
43.7%
Q4 24
38.8%
Q3 24
42.6%
Q2 24
39.1%
Q1 24
35.9%
Net Margin
OR
OR
USLM
USLM
Q4 25
34.7%
Q3 25
38.0%
Q2 25
33.7%
Q1 25
37.4%
Q4 24
33.7%
Q3 24
37.3%
Q2 24
34.0%
Q1 24
31.3%
EPS (diluted)
OR
OR
USLM
USLM
Q4 25
$1.06
Q3 25
$1.35
Q2 25
$1.07
Q1 25
$1.19
Q4 24
$-2.20
Q3 24
$1.16
Q2 24
$0.91
Q1 24
$3.92

Balance Sheet & Financial Strength

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

Metric
OR
OR
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$371.1M
Total DebtLower is stronger
$222.8M
$0
Stockholders' EquityBook value
$1.3B
$630.8M
Total Assets
$681.0M
Debt / EquityLower = less leverage
0.17×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OR
OR
USLM
USLM
Q4 25
$371.1M
Q3 25
$349.5M
Q2 25
$319.9M
Q1 25
$300.6M
Q4 24
$278.0M
Q3 24
$255.0M
Q2 24
$222.5M
Q1 24
$207.0M
Total Debt
OR
OR
USLM
USLM
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
OR
OR
USLM
USLM
Q4 25
$630.8M
Q3 25
$602.3M
Q2 25
$563.3M
Q1 25
$532.2M
Q4 24
$497.7M
Q3 24
$474.2M
Q2 24
$441.1M
Q1 24
$415.3M
Total Assets
OR
OR
USLM
USLM
Q4 25
$681.0M
Q3 25
$652.8M
Q2 25
$607.4M
Q1 25
$585.3M
Q4 24
$543.2M
Q3 24
$521.8M
Q2 24
$484.2M
Q1 24
$464.0M
Debt / Equity
OR
OR
USLM
USLM
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
USLM
USLM
Operating Cash FlowLast quarter
$45.6M
Free Cash FlowOCF − Capex
$25.7M
FCF MarginFCF / Revenue
29.2%
Capex IntensityCapex / Revenue
22.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OR
OR
USLM
USLM
Q4 25
$45.6M
Q3 25
$45.9M
Q2 25
$34.0M
Q1 25
$39.4M
Q4 24
$38.6M
Q3 24
$39.0M
Q2 24
$21.2M
Q1 24
$27.2M
Free Cash Flow
OR
OR
USLM
USLM
Q4 25
$25.7M
Q3 25
$31.3M
Q2 25
$20.8M
Q1 25
$24.6M
Q4 24
$27.6M
Q3 24
$33.9M
Q2 24
$16.8M
Q1 24
$20.3M
FCF Margin
OR
OR
USLM
USLM
Q4 25
29.2%
Q3 25
30.7%
Q2 25
22.7%
Q1 25
26.9%
Q4 24
34.4%
Q3 24
37.9%
Q2 24
21.9%
Q1 24
28.4%
Capex Intensity
OR
OR
USLM
USLM
Q4 25
22.6%
Q3 25
14.4%
Q2 25
14.5%
Q1 25
16.3%
Q4 24
13.8%
Q3 24
5.8%
Q2 24
5.7%
Q1 24
9.5%
Cash Conversion
OR
OR
USLM
USLM
Q4 25
1.49×
Q3 25
1.18×
Q2 25
1.10×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
1.17×
Q2 24
0.81×
Q1 24
1.21×

Financial Flow Comparison

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

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