Royal Gold Inc (RGLD)
Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests in North America, South and Central America, Europe, the Middle East, Africa, and the Australia Pacific. It operates through Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The company engages in the acquisition of existing stream and royalty interests; and the financing of projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which consists of gold, silver, copper, nickel, zinc, lead, molybdenum, diamonds, uranium, iron, platinum, palladium, rhodium, lithium, titanium, cobalt, barite, tungsten, and coal. Its properties are located in Canada, Chile, the Dominican Republic, the United States, Zambia, Australia, Ghana, Brazil, Mexico, Bolivia, Argentina, Nicaragua, Macedonia, Botswana, Spain, and internationally. Royal Gold, Inc. was incorporated in 1981 and is based in Denver, Colorado.
- Symbol
- RGLD
- Exchange
- Nasdaq
- Sector
- Basic Materials
- Industry
- Gold
- Market cap
- $21.87B
- 52 week range
- 168.88 - 306.25
Valuation
- Share price
- $252.78 (close of 2026-09-23)
- P/E (TTM)
- 28.51x
- Price to book
- 2.86x
- Price to free cash flow
- 20.94x
- Enterprise value
- $22.08B
- Book value per share
- $90.15
Price performance
| Period | Change |
|---|
| 1 day | +1.07% |
| 5 days | +0.65% |
| 1 month | -2.41% |
| 3 months | +22.35% |
| 6 months | +13.44% |
| Year to date | +13.72% |
| 1 year | +31.71% |
| 3 years | +125.07% |
| 5 years | +151.40% |
| 10 years | +210.46% |
| All time | +8677.08% |
Profitability and growth
- Return on equity
- 6.47%
- Return on invested capital
- 6.81%
- Return on assets
- 4.89%
- Return on capital employed
- 6.78%
- Gross margin
- 69.32%
- Net margin
- 45.25%
- EBITDA margin
- 79.11%
- Revenue growth
- 43.24%
- Net income growth
- 40.44%
- Free cash flow growth
- 33.11%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.78%
- Current ratio
- 2.92x
- Net debt to EBITDA
- 0.17x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.03B
- Cost of revenue
- $343.12M
- Gross profit
- $714.33M
- EBITDA
- $815.25M
- Net income
- $466.28M
- Earnings per share
- $6.70
- Shares outstanding
- 69.42M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.03B | $714.33M | $466.28M | $6.70 |
| 2024-12-31 | $719.39M | $471.17M | $332.02M | $5.04 |
| 2023-12-31 | $605.72M | $343.39M | $239.44M | $3.64 |
| 2022-12-31 | $603.21M | $323.10M | $238.98M | $3.64 |
| 2021-12-31 | $653.57M | $357.69M | $274.04M | $4.17 |
| 2021-06-30 | $615.86M | $333.00M | $302.53M | $4.61 |
| 2020-06-30 | $498.82M | $236.06M | $199.34M | $3.04 |
| 2019-06-30 | $423.06M | $178.55M | $93.83M | $1.43 |
| 2018-06-30 | $459.04M | $209.35M | $-113.13M | $-1.73 |
| 2017-06-30 | $440.81M | $192.24M | $101.53M | $1.55 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 69.32% | 45.25% | 6.47% | 6.81% |
| 2024-12-31 | 65.50% | 46.15% | 10.60% | 11.44% |
| 2023-12-31 | 56.69% | 39.53% | 8.25% | 8.59% |
| 2022-12-31 | 53.56% | 39.62% | 8.68% | 7.82% |
| 2021-12-31 | 54.73% | 41.93% | 10.54% | 11.16% |
| 2021-06-30 | 54.07% | 49.12% | 12.08% | 13.16% |
| 2020-06-30 | 47.32% | 39.96% | 8.66% | 8.68% |
| 2019-06-30 | 42.21% | 22.18% | 4.32% | 5.44% |
| 2018-06-30 | 45.61% | -24.65% | -5.28% | -3.10% |
| 2017-06-30 | 43.61% | 23.03% | 4.38% | 4.24% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $233.72M | $895.44M |
| 2024-12-31 | $195.50M | - |
| 2023-12-31 | $104.17M | $245.97M |
| 2022-12-31 | $118.59M | $571.57M |
| 2021-12-31 | $143.55M | - |
| 2021-06-30 | $225.92M | - |
| 2020-06-30 | $319.13M | $300.44M |
| 2019-06-30 | $119.47M | $214.55M |
| 2018-06-30 | $88.75M | $351.03M |
| 2017-06-30 | $85.85M | $586.17M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $704.85M | $11.80M |
| 2024-12-31 | $529.50M | $11.89M |
| 2023-12-31 | $415.79M | $9.70M |
| 2022-12-31 | $417.35M | $8.41M |
| 2021-12-31 | $461.87M | $6.06M |
| 2021-06-30 | $407.15M | $5.73M |
| 2020-06-30 | $340.75M | $9.12M |
| 2019-06-30 | $253.17M | $6.62M |
| 2018-06-30 | $328.82M | $8.28M |
| 2017-06-30 | $266.85M | $9.98M |
Dividend history
- Most recent payment
- 2026-07-02
- Paid in the last twelve months
- $1.87
| Payment date | Dividend per share |
|---|
| 2026-07-02 | $0.47 |
| 2026-04-02 | $0.47 |
| 2026-01-02 | $0.47 |
| 2025-10-03 | $0.45 |
| 2025-07-03 | $0.45 |
| 2025-04-04 | $0.45 |
| 2025-01-03 | $0.45 |
| 2024-10-04 | $0.40 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $2.20
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $2.62 |
| 2026-05-06 | - | - |
| 2026-02-18 | - | - |
| 2025-11-05 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-02-12 | - | - |
| 2025-02-11 | - | - |
Filings and sources
- Company website
- royalgold.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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