SII Financial Services

Sprott Inc.

$105.15+2.84%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Asset Management
Country: Canada
Market cap: 2.7B USD
Enterprise value: 2.6B USD
Full-time employees: 131

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.40 vs a peer median of 0.70)higher risk: bigger price swings (beta 1.40 vs peers 0.70)

Ranks #71 of 232 financial services companies (top 31%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $38M vs $8M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Sprott recorded $38M of stock-based pay expense and spent $8M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Sprott recorded $38M of stock-based pay expense and spent $8M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Profit is backed by cash. Free cash flow is 142% of reported profit.
Sprott's free cash flow is 142% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Fast revenue growth. Revenue grew 60% in the 12 months to December 2025 vs the 12 months before, faster than 89% of peers.
Revenue grew 60% in the 12 months to December 2025 vs the 12 months before, faster than 89% of its peers.

StockQuotient Score

58/ 100

Oct 5 56 → Nov 4 58 (+2)

Valuation

Is the price right?

28/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 27 → 28

Share price -1.7%+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value30% base weight · Z-score -0.87Sector median: 0.0571 · MAD: 0.0371

EBITDA yield5.7%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.28Sector median: 0.0689 · MAD: 0.0428

Free cash flow yield3.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.43Sector median: 0.0613 · MAD: 0.0605

Other data (not scored)

Book yield13.5%

SEC filings (IFRS mapped) · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.8352 · MAD: 0.4517

Growth

Is it growing?

87/100

Strong

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 59.6%

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth36.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.97Sector median: 0.0999 · MAD: 0.2773

3-year revenue growth25.2%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 1.78Sector median: 0.0999 · MAD: 0.0858

Revenue growth59.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 3.53Sector median: 0.0742 · MAD: 0.1477

Profitability

Does it earn well?

97/100

Strong

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Net margin fell 4.0 points to 23.6%

Why

Stronger than most peers on:

▲ ROIC
▲ ROA
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin29.6%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score 0.41Sector median: 0.2353 · MAD: 0.1462

Return on assets12.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 4.41Sector median: 0.0256 · MAD: 0.0233

Return on invested capital88.9%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsOutlier capped at sector 5th/95th percentile33% base weight · Z-score 12.83Sector median: 0.0630 · MAD: 0.0518

Other data (not scored)

Gross margin41.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122

Return on equity18.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

2/3 inputs reported · Partial data

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 21 → 20

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.40

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.24Sector median: 0.7010 · MAD: 0.3115

Current ratio1.92×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.08Sector median: 2.0250 · MAD: 1.2470

Debt / equityUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.5734 · MAD: 0.5454

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Sprott

Is Sprott getting weaker?: Its latest SEC filing (Feb 19, 2026) got weaker in some ways: net margin fell 4.0 points to 23.6%. Its overall score is unchanged at 58/100 since Oct 28, 2026.
How is Sprott valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 28/100 against 432 financial services peers. Earnings yield 2.5% vs a peer median of 5.7% (weaker than 79% of peers).Earnings yield 2.5% vs peers 5.7% (weaker than 79% of peers).
Is Sprott growing?: Yes, faster than most of its peers. Growth scores 87/100 against 432 financial services peers. Revenue growth 59.6% vs a peer median of 7.4% (stronger than 89% of peers).Revenue growth 59.6% vs peers 7.4% (stronger than 89% of peers).
How profitable is Sprott?: More profitable than most of its peers. Profitability scores 97/100 against 432 financial services peers. Return on invested capital 88.9% vs a peer median of 6.3% (stronger than 95% of peers).Return on invested capital 88.9% vs peers 6.3% (stronger than 95% of peers).
How risky is Sprott?: Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Beta 1.40 vs a peer median of 0.70 (weaker than 89% of peers).Beta 1.40 vs peers 0.70 (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Feb 19, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Net margin fell 4.0 points to 23.6%

	Previous year	Latest year	Change
Revenue (12 months)	178.7M USD	285.1M USD	+59.6%
Net income (12 months)	49.3M USD	67.3M USD	+36.6%
Free cash flow (12 months)	67.3M USD	95.8M USD	+42.4%
Cash	46.8M USD	123.4M USD	+163.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	20.2%	12.1%	27.6%	27.6%	23.6%	▼ 4.0 pts
Return on assets (ROA)	9.1%	4.6%	11.0%	12.7%	12.8%	▲ 0.1 pts
Return on equity (ROE)	11.4%	6.4%	13.7%	15.2%	18.3%	▲ 3.1 pts
Free cash flow margin	30.7%	22.3%	18.7%	37.7%	33.6%	▼ 4.0 pts
Current ratio	2.76×	2.99×	2.03×	2.62×	1.92×	▼ 26%
Debt to equity	0.10×	0.20×	0.08×	0.00×	—	—

SII price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.40 vs a peer median of 0.70)higher risk: bigger price swings (beta 1.40 vs peers 0.70)

Ranks #71 of 232 financial services companies (top 31%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $38M vs $8M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Sprott recorded $38M of stock-based pay expense and spent $8M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Sprott recorded $38M of stock-based pay expense and spent $8M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Profit is backed by cash. Free cash flow is 142% of reported profit.

Sprott's free cash flow is 142% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Fast revenue growth. Revenue grew 60% in the 12 months to December 2025 vs the 12 months before, faster than 89% of peers.

Revenue grew 60% in the 12 months to December 2025 vs the 12 months before, faster than 89% of its peers.

Questions investors ask about Sprott

Is Sprott getting weaker?

Its latest SEC filing (Feb 19, 2026) got weaker in some ways: net margin fell 4.0 points to 23.6%. Its overall score is unchanged at 58/100 since Oct 28, 2026.

How is Sprott valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 28/100 against 432 financial services peers. Earnings yield 2.5% vs a peer median of 5.7% (weaker than 79% of peers).Earnings yield 2.5% vs peers 5.7% (weaker than 79% of peers).

Is Sprott growing?

Yes, faster than most of its peers. Growth scores 87/100 against 432 financial services peers. Revenue growth 59.6% vs a peer median of 7.4% (stronger than 89% of peers).Revenue growth 59.6% vs peers 7.4% (stronger than 89% of peers).

How profitable is Sprott?

More profitable than most of its peers. Profitability scores 97/100 against 432 financial services peers. Return on invested capital 88.9% vs a peer median of 6.3% (stronger than 95% of peers).Return on invested capital 88.9% vs peers 6.3% (stronger than 95% of peers).

How risky is Sprott?

Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Beta 1.40 vs a peer median of 0.70 (weaker than 89% of peers).Beta 1.40 vs peers 0.70 (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

178.7M USD

285.1M USD

+59.6%

Net income (12 months)

49.3M USD

67.3M USD

+36.6%

Free cash flow (12 months)

67.3M USD

95.8M USD

+42.4%

Cash

46.8M USD

123.4M USD

+163.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

20.2%

12.1%

27.6%

23.6%

▼ 4.0 pts

Return on assets (ROA)

9.1%

4.6%

11.0%

12.7%

12.8%

▲ 0.1 pts

Return on equity (ROE)

11.4%

6.4%

13.7%

15.2%

18.3%

▲ 3.1 pts

Free cash flow margin

30.7%

22.3%

18.7%

37.7%

33.6%

▼ 4.0 pts

Current ratio

2.76×

2.99×

2.03×

2.62×

1.92×

▼ 26%

Debt to equity

0.10×

0.20×

0.08×

0.00×

—