D 
Diversified Royalty DIV.TO · CAD
Consumer Discretionary · Toronto Stock Exchange · 🇨🇦 Canada
3.62
-11.06%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$70.8m
FY2016FY2025
Net income
C$36.7m
FY2016FY2025
Free cash flow
C$45.4m
FY2016FY2025
Shareholders' equity
C$288.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$70.8m | C$65.0m | C$56.5m | C$45.2m | C$37.3m | C$30.5m | C$30.5m | C$26.7m | C$20.9m | C$28.2m |
| Gross profit | C$70.7m | C$64.9m | C$56.4m | C$42.9m | C$35.3m | C$29.0m | C$28.7m | C$25.1m | C$19.3m | C$26.9m |
| Operating income | C$64.8m | C$50.2m | C$50.8m | C$32.8m | C$34.8m | C$680,000 | C$26.3m | C$19.8m | C$17.2m | C$19.7m |
| Net income | C$36.7m | C$26.6m | C$31.7m | C$15.6m | C$23.5m | −C$8.9m | C$14.0m | C$10.1m | C$11.6m | C$10.7m |
| Diluted earnings per share | 0.20 | 0.16 | 0.22 | 0.11 | 0.16 | -0.07 | 0.12 | 0.09 | 0.11 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$612.3m | C$579.0m | C$567.4m | C$458.4m | C$380.8m | C$358.4m | C$345.3m | C$318.2m | C$315.7m | C$250.2m |
| Cash and short-term investments | C$4.6m | C$19.7m | C$4.0m | C$7.4m | C$8.9m | C$9.2m | C$3.0m | C$78.3m | C$85.8m | C$75.0m |
| Total liabilities | C$323.7m | C$290.2m | C$329.9m | C$224.6m | C$189.2m | C$168.7m | C$156.6m | C$125.5m | C$113.6m | C$41.8m |
| Debt | C$285.8m | C$260.0m | C$305.0m | C$199.8m | C$169.7m | C$156.2m | C$140.5m | C$116.8m | C$108.5m | C$40.7m |
| Shareholders' equity | C$288.6m | C$288.8m | C$237.4m | C$233.9m | C$191.5m | C$189.7m | C$188.7m | C$192.7m | C$202.1m | C$208.4m |
| Shares outstanding | 185m | 168m | 144m | 141m | 150m | 122m | 113m | 109m | 107m | 106m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$45.4m | C$46.5m | C$30.8m | C$28.4m | C$27.8m | C$22.1m | C$23.0m | C$16.7m | C$14.4m | C$14.8m |
| Capital spending | −C$11,000 | −C$8,000 | −C$77.2m | −C$79.3m | −C$17.0m | −C$44.3m | −C$40.3m | −C$10.2m | −C$54.0m | — |
| Free cash flow | C$45.4m | C$46.5m | −C$46.4m | −C$50.9m | C$10.9m | −C$22.2m | −C$17.3m | C$6.5m | −C$39.6m | C$14.8m |
| Dividends paid | −C$38.7m | −C$34.8m | −C$30.1m | −C$24.5m | −C$22.1m | −C$23.7m | −C$19.4m | −C$21.2m | −C$21.4m | −C$23.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$21.7m | C$17.5m | C$19.1m | C$18.3m | C$17.8m | C$15.6m | C$17.0m | C$16.1m |
| Gross profit | C$21.3m | C$17.5m | C$19.0m | C$18.3m | C$17.8m | C$15.6m | C$17.0m | C$16.1m |
| Operating income | C$16.7m | C$14.4m | C$18.2m | C$16.1m | C$16.2m | C$14.2m | C$7.0m | C$13.3m |
| Net income | C$3.1m | C$7.6m | C$11.0m | C$8.7m | C$9.0m | C$8.0m | C$4.0m | C$6.9m |
| Diluted earnings per share | 0.02 | 0.04 | 0.06 | 0.05 | 0.05 | 0.04 | 0.02 | 0.04 |
| Cash from operations | C$5.0m | C$7.0m | C$12.0m | C$13.0m | C$9.0m | C$10.0m | C$11.0m | C$12.0m |
| Capital spending | — | — | — | — | −C$49.0m | — | — | — |
| Free cash flow | — | — | — | — | −C$40.0m | — | — | — |
| Total assets | C$1.08bn | C$656.7m | C$612.3m | C$617.0m | C$613.5m | C$574.7m | C$579.0m | C$578.6m |
| Cash and short-term investments | C$13.7m | C$46.5m | C$4.6m | C$4.0m | C$3.8m | C$15.3m | C$19.7m | C$16.3m |
| Debt | C$71.3m | C$322.2m | C$285.8m | C$293.2m | C$293.6m | C$256.1m | C$260.5m | C$261.1m |
| Shareholders' equity | C$301.1m | C$289.6m | C$288.6m | C$290.0m | C$288.7m | C$287.8m | C$288.8m | C$287.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.1% | 18.3% | 13.7% |
| Operating income | 25.5% | 148.8% | 19.6% |
| Net income | 33.1% | — | 19.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 99.9% | 98.9% | 98.0% | 96.7% |
| Operating margin | 84.7% | 83.6% | 76.7% | 76.1% |
| Net margin | 46.6% | 46.6% | 41.0% | 41.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.8 | 18.3 | 12.4 | 27.1 | 17.9 | -32.7 | 25.2 | 30.4 | 32.1 | 25.6 |
| Price to sales | 9.7 | 7.5 | 7.0 | 9.3 | 11.3 | 9.5 | 11.6 | 11.5 | 17.8 | 9.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 15 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.239 | 0.263 | 0.249 | 0.241 | 0.224 | 0.206 | 0.208 | 0.223 |
- 3-for-2 split · 5 Jul 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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