Trx Gold's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Trx Gold (TRX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Trx Gold vs Its Competitors
- TTM: Trailing 12-month revenue of 58M vs 2M combined for tracked competitors (96.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+74.4% annualized vs trailing 12 months), vs accelerating (+300.0%) for its tracked peer group.
- Profitability: Its -2.0% net margin compares with -484.6% for the peer group.
- Scale: Trx Gold ranks #87 of 155 companies by market capitalization in the Metal Mining industry, holding 0.0% of industry market cap.
- Peer revenue share: Trx Gold accounted for 91.4% of combined revenue among its tracked peer group.
- Peer differentiation: Revenue per employee of $0.91M compares with $0.06M for the peer group (15.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TRX Sales vs. its Competitors, Q1 2025
With a net margin of -1.97 %, Trx Gold achieved higher profitability than its competitors (-484.56 %).
Trx Gold generated 91.37 % of the combined sales of its peer group.
Trx Gold vs. its Competitors, Q1 2025
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Trx Gold and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Trx Gold Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Trx Gold's competitor groups requires a Commercial License.
Trx Gold's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Trx Gold Corporation | Yes | Yes | Yes | No |
| Competitors combined (1) | - | |||
| Similar-Size Competitors (8) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TRX Stock Performance relative to its Competitors
TRX Stock Performance relative to Similar-Size Competitors
TRX Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Collplant Biotechnologies Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Trx Gold's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Trx Gold's Comment on Competition and Industry Peers
Publicly Traded Peers of Trx Gold Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Trx Gold Corporation | 352.49 | 57.61 |
| Collplant Biotechnologies Ltd | 4.67 | 2.37 |
| SUBTOTAL | 357.16 | 59.98 |
Sources: Trx Gold Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Trx Gold Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Trx Gold's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Trx Gold Corporation | 352 | 914,492 | 104,222 |
| Collplant Biotechnologies Ltd | 5 | 60,795 | -294,590 |
| PEERS TOTAL | 5 | 60,795 | -294,590 |
Trx Gold's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Collplant Biotechnologies Ltd | US 91.78 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Trx Gold's Position in Industry Market Structure
Market-capitalization share and concentration across all 131 companies in Trx Gold's industry classification, broader than the peer set above. Market cap in millions of $.Trx Gold ranks #87 of 131 companies by market capitalization in its industry, holding 0.03 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 758, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Bhp Group Limited | 215,834 | 15.46 % |
| 2 | Southern Copper Corp | 168,365 | 12.06 % |
| 3 | Rio Tinto Plc | 154,810 | 11.09 % |
| 4 | Newmont Corporation | 124,866 | 8.94 % |
| 5 | Freeport mcmoran Inc | 1,234 | 5.2% |
| 6 | Agnico Eagle Mines Limited | 1,234 | 5.2% |
| 7 | Wheaton Precious Metals Corp | 1,234 | 5.2% |
| 8 | Franco nevada Corporation | 1,234 | 5.2% |
| 9 | Anglogold Ashanti Plc | 1,234 | 5.2% |
| 10 | Cameco Corporation | 1,234 | 5.2% |
| 87 | Trx Gold Corporation | 352 | 0.03 % |
Market cap and industry share for the rest of Trx Gold's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-30.
Trx Gold's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 82 | Ur energy inc | 439 | -37.22 % |
| 83 | Niocorp Developments Ltd | 420 | -45.93 % |
| 84 | New Found Gold Corp | 394 | -32.26 % |
| 85 | Vista Gold Corp | 393 | 22.83 % |
| 86 | Highlander Silver Corp | 1,234 | 12.3% |
| 87 | Trx Gold Corporation | 352 | 96.41 % |
| 88 | Vox Royalty Corp | 1,234 | 12.3% |
| 89 | Blue Moon Metals Inc | 1,234 | 12.3% |
| 90 | Mesabi Trust | 1,234 | 12.3% |
| 91 | Silver Bow Mining Corp | 1,234 | 12.3% |
| 92 | Encore Energy Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Trx Gold's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-30. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Trx Gold's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Metal Mining industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (72 companies). See the full Metal Mining industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 41.55 % | 43.61 % (avg) | -2.1 pp |
| Operating Margin | 27.75 % | industry median | +36.9 pp |
| EBITDA Margin | 13.88 % | 21.74 % (avg) | -7.9 pp |
| Capital Intensity (Capex / Revenue) | 22.20 % | 19.41 % (avg) | +2.8 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Trx Gold's Valuation vs Competitive Position
Valuation multiples vs the Metal Mining industry average (72 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Metal Mining industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 21.8x | - |
| EV / EBITDA | 12.4x | 13.3x | -0.8x |
| P/B | 1.5x | 3.5x | -2.0x |
| Return on Equity | 8.84 % | industry aggregate | -6.31 % |
| Return on Invested Capital | 9.57 % | 7.81 % (avg) | 1.76 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Trx Gold's Strategic Group Map
Every company in Trx Gold's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Trx Gold is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Trx Gold's BCG Growth-Share Matrix
Relative market share (vs Trx Gold's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Trx Gold falls in the Question Mark quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 33.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Trx Gold's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 758 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 22.20 % vs industry average 19.41 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Trx Gold's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Trx Gold's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Trx Gold's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Trx Gold falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Trx Gold's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 36.9 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+74.4% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 6.3 points below the industry aggregate.
- Low relative market share vs the industry leader (0.00x).
Opportunities
- Industry revenue growing at a healthy 33.6% median pace.
- A meaningful share of tracked competitors (100.00 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Trx Gold's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Trx Gold Corporation | 0.63 | 1.05 | - |
| Collplant Biotechnologies Ltd | 2.23 | 2.53 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Trx Gold's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Trx Gold Corporation | Q4 2025 | +40.0 % | +87.1 % |
| Collplant Biotechnologies Ltd | Q4 2025 | +360.4 % | - |
| PEERS TOTAL | +43.9 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Trx Gold's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Trx Gold Corporation | Q4 2025 | +41.3 % | -3.6 % |
| Collplant Biotechnologies Ltd | Q4 2025 | -48.6 % | -94.2 % |
Trx Gold's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Trx Gold Corporation | 5.60% | 7.08% | 8.84% |
| Collplant Biotechnologies Ltd | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Trx Gold's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Trx Gold Corporation | - | 6.12 |
| Collplant Biotechnologies Ltd | - | 1.97 |
| PEERS AVERAGE | - | 5.95 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.