Thistle Resources (TSXV:TRCG) EBITDA Margin %: 0.00% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:TRCG Thistle Resources Inc TSXV:TRCG
12 GF Score
Price C$0.19
View Full Analysis

What is Thistle Resources EBITDA Margin %?

Thistle Resources TSXV:TRCG 12 EBITDA Margin % is 0.00% as of Mar. 2026. GuruFocus rates TSXV:TRCG with a GF Score™ of 12/100. Among 839 Metals & Mining companies, Thistle Resources ranks worse than 119189.39% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Thistle Resources's EBITDA for the three months ended in Mar. 2026 was C$-0.20 Mil. Thistle Resources's Revenue for the three months ended in Mar. 2026 was C$0.00 Mil. Therefore, Thistle Resources's EBITDA margin for the quarter that ended in Mar. 2026 was 0.00%.


Thistle Resources  (TSXV:TRCG) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Thistle Resources EBITDA Margin % Related Terms


Thistle Resources EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Thistle Resources's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thistle Resources EBITDA Margin % Chart

Thistle Resources Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
0.00 0.00 0.00 0.00

Thistle Resources Quarterly Data
Dec22 Jun23 Dec23 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Thistle Resources EBITDA Margin % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Thistle Resources's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thistle Resources EBITDA Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thistle Resources's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Thistle Resources's EBITDA Margin % falls into.


TSXV:TRCG
12GF Score
Thistle Resources Inc TSXV:TRCG
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thistle Resources EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Thistle Resources's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-0.651/0
= %

Thistle Resources's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-0.199/0
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 0.00% mean?
Thistle Resources (TSXV:TRCG) has a EBITDA Margin % of 0.00% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Thistle Resources and its competitors. According to the industry distribution chart, Thistle Resources ranks #999999 out of 839 companies in the Metals & Mining industry.
Is Thistle Resources' EBITDA Margin % too high?
Thistle Resources' current EBITDA Margin % is 0.00%. Based on the distribution chart, Thistle Resources ranks #999999 out of 839 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Thistle Resources has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thistle Resources' EBITDA Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Thistle Resources ranks #999999 out of 839 companies for EBITDA Margin %. This places Thistle Resources in the lower half of its industry. The industry median EBITDA Margin % is 9.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Metals & Mining company?
The median EBITDA Margin % among Metals & Mining companies is 9.28, based on 839 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Thistle Resources and its competitors. For the Metals & Mining industry, the median EBITDA Margin % is 9.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thistle Resources's current EBITDA Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thistle Resources stock overvalued right now?
Thistle Resources (TSXV:TRCG) has a current EBITDA Margin % of 0.00%. The current EBITDA Margin % is 0.00%. Thistle Resources' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Thistle Resources (TSXV:TRCG), the current EBITDA Margin % is 0.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Thistle Resources Business Description

Address 77 King Street West, Suite 3000, TD Centre North Tower, Toronto, ON, CAN, M5K 1G8
Thistle Resources Inc is engaged in base and precious metal exploration in the Bathurst Mining Camp, New Brunswick, and the Cape Breton Highlands Region, Nova Scotia. The company wholly-owns the following mineral exploration projects: Middle River Gold Project; Middle River VMS Project; Celtic Highlands Project and Alba Forks Project. It has acquired the option to purchase the mineral claims associated with the Brunswick Gold-Silver Project.
12GF Score

Get the complete analysis for TSXV:TRCG

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$0.19
Price