Sprott Inc.

NYSE:SII Stock Report

Market Cap: US$3.2b

Sprott Past Earnings Performance

Past criteria checks 5/6

Sprott has been growing earnings at an average annual rate of 20.8%, while the Capital Markets industry saw earnings growing at 6.3% annually. Revenues have been growing at an average rate of 13.5% per year. Sprott's return on equity is 21.2%, and it has net margins of 22%.

Key information

20.79%

Earnings growth rate

19.85%

EPS growth rate

Capital Markets Industry Growth10.26%
Revenue growth rate13.48%
Return on equity21.20%
Net Margin21.99%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • May 17

Sprott: A Quality Commodity Cycle Play, But Valuation Leaves Little Margin Of Safety

Summary Sprott Inc. delivers robust Q1 growth, with AUM up 10% to $65.5B and net income surging 144%. SII's valuation is stretched, trading at a 43.6x P/E—well above historical and sector averages—leaving little margin of safety. Growth is fueled by critical materials and uranium products, but 79% of AUM remains concentrated in precious metals, amplifying cyclical risk. Despite a strong balance sheet and niche positioning, SII is best viewed as a leveraged commodity play with high valuation risk. Read the full article on Seeking Alpha
Seeking Alpha • Jan 04

Sprott Inc: Another Year Of Good AUM Growth In Exchange Listed Products

Summary Sprott Inc. specializes in natural resources, focusing on precious metals, critical materials, and uranium, with strong stock performance over the past year. Sprott outperformed the VanEck Gold Miners ETF and Global X Silver Miners ETF, despite uranium's recent corrective phase. Approximately 1/4 of Sprott's revenues now come from uranium products, with a smaller portion from critical materials like copper. I review Sprott's latest quarterly results and the performance of its exchange-listed products segment through the end of 2024. Read the full article on Seeking Alpha
Seeking Alpha • Aug 05

Sprott Inc.: Leverage For The Coming Gold And Uranium Bull Run

Summary Sprott Inc. is perfectly positioned to profit from moves in the uranium and gold space, even providing investors with leverage. Uranium under-invested in for a decade, now serious supply/demand problems exist, which cannot be solved without higher prices. Gold at all-time highs, ready to go higher with continued political uncertainty. Sprott has a strong track record of AUM growth and launching new funds in unique markets. Sprott is a good buy, going into the second half of the year, with many catalysts for uranium coming up, as well as political uncertainty from the US election helping gold. Read the full article on Seeking Alpha
Seeking Alpha • May 08

Sprott Inc.: Strong Growth In Assets Under Management During 2024

Summary Sprott Inc. has experienced impressive growth in assets under management recently, reaching $29.2B in Q1 2024. The exchange listed products segment is the largest and most important for Sprott, with net inflows in uranium products offsetting outflows in precious metals products. Sprott's adjusted base EBITDA was strong in Q1, and brokers estimate achievable EPS of $1.71 in 2024 and $2.21 in 2025. Read the full article on Seeking Alpha
Seeking Alpha • Feb 21

Sprott: The AUM Growth Continues, But Limited Growth In Cash Flows

Summary Sprott Inc.'s stock price has underperformed uranium equities but marginally outperformed precious metals equities in the past year. The company has seen significant growth in assets under management due to acquisitions and higher commodity prices, but the stock price has remained rangebound. Sprott reported a net income for 2023 of $41.8M, more than double the previous year, but adjusted base EBITDA only saw a marginal increase despite AUM growth. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

Sprott: Successfully Capitalizing On Renewable Minerals Trends

Summary Sprott Inc. is seeing successful net inflows into its commodity and transition-focused vehicles. However, a mixture of poorer silver and gold performance as well as more competition from alternative stores of wealth worsen gold and silver trust net inflows. While the net effects are positive, and the disposals have been earnings accretive, the multiple for Sprott Inc. is too high and there are other ways on the markets to play transition materials. Read the full article on Seeking Alpha
Seeking Alpha • Nov 05

Sprott: The Uranium Related Products Continue To Grow

Summary Sprott, a Canadian investment company focused on precious metals and uranium, has had lackluster performance this year. The growth in assets under management of the uranium products has offset weaker performance in the precious metals products. The growth in assets under management has not been fully reflected in earnings growth. Read the full article on Seeking Alpha
Seeking Alpha • Oct 24

Sprott: Higher Rates Still Do Hurt

Summary Sprott is a pretty idiosyncratic AM bet focused on physical trusts and commodity ETFs that can help investors get exposed to precious and renewable metals. There is a tense geopolitical undercurrent that helps bullion speculation, and secular trends for renewables that offer some tailwinds. However, fixed income is attractive again, and Sprott doesn't really benefit in its business from a higher rates environment. Just as importantly, there isn't as much margin for the equity when benchmark rates come up. It's too expensive for what it is. Read the full article on Seeking Alpha
Seeking Alpha • Aug 09

Sprott Q2: Lackluster Earnings Growth Lately, Ratings Downgrade

Summary Sprott focuses on natural resources and precious metals, but lackluster earnings growth has led to poor stock performance lately. Impressive growth in assets under management has not translated into earnings growth, due to excessive management compensation and a decline in commission-related income. Despite potential for future growth, the current environment and relative valuations make Sprott less appealing. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Sprott makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:SII Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2638585200
31 Dec 2528567180
30 Sep 2521650180
30 Jun 2519850190
31 Mar 2518050190
31 Dec 2417949190
30 Sep 2417747180
30 Jun 2416541170
31 Mar 2415346170
31 Dec 2315142170
30 Sep 2314739170
30 Jun 2314836170
31 Mar 2314319170
31 Dec 2214518160
30 Sep 2215620160
30 Jun 2216226160
31 Mar 2216736150
31 Dec 2116533150
30 Sep 2115630130
30 Jun 2115030120
31 Mar 2114529110
31 Dec 2012227110
30 Sep 201042280
30 Jun 208917100
31 Mar 20748110
31 Dec 197310120
30 Sep 197616190
30 Jun 197113240
31 Mar 197316230
31 Dec 187423220
30 Sep 187819270
30 Jun 187739210
31 Mar 188533220
31 Dec 179430240
30 Sep 1710429250
30 Jun 1711614230
31 Mar 1712429260
31 Dec 1612623270
30 Sep 1612320220
30 Jun 16108-27260
31 Mar 1693-35230
31 Dec 1579-29190
30 Sep 1577-27200
30 Jun 158714190

Quality Earnings: SII has high quality earnings.

Growing Profit Margin: SII's current net profit margins (22%) are lower than last year (27.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SII's earnings have grown significantly by 20.8% per year over the past 5 years.

Accelerating Growth: SII's earnings growth over the past year (70.3%) exceeds its 5-year average (20.8% per year).

Earnings vs Industry: SII earnings growth over the past year (70.3%) exceeded the Capital Markets industry 38.3%.

Return on Equity

High ROE: SII's Return on Equity (21.2%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 18:00
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sprott Inc. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey FenwickATB Cormark Historical (Cormark Securities)
Etienne RicardBMO Capital Markets Equity Research
Tom MacKinnonBMO Capital Markets Equity Research