Royalty Pharma plc (RPRX)
Royalty Pharma plc operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States. Its portfolio consists of royalties on approximately 35 marketed therapies and 20 development-stage product candidates that address various therapeutic areas, such as rare disease, oncology, neuroscience, infectious disease, hematology, and diabetes. The company has research and development funding collaboration to advance the development of JNJ-4804, an investigational medicine for autoimmune diseases. The company was founded in 1996 and is based in New York, New York.
- Symbol
- RPRX
- Exchange
- Nasdaq
- Sector
- Healthcare
- Industry
- Biotechnology
- Market cap
- $26.05B
- 52 week range
- 34.63 - 64.38
Valuation
- Share price
- $57.65 (close of 2026-09-23)
- P/E (TTM)
- 31.29x
- Price to book
- 2.66x
- Price to free cash flow
- 8.75x
- Enterprise value
- $34.20B
- Book value per share
- $21.99
Price performance
| Period | Change |
|---|
| 1 day | -1.35% |
| 5 days | -1.40% |
| 1 month | -5.97% |
| 3 months | +4.16% |
| 6 months | +26.40% |
| Year to date | +49.20% |
| 1 year | +59.08% |
| 3 years | +118.95% |
| 5 years | +55.27% |
| All time | +29.55% |
Profitability and growth
- Return on equity
- 7.94%
- Return on invested capital
- 8.64%
- Return on assets
- 3.93%
- Return on capital employed
- 8.21%
- Net margin
- 32.42%
- EBITDA margin
- 65.74%
- Revenue growth
- 5.06%
- Net income growth
- -10.25%
- Free cash flow growth
- -10.08%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 11.43%
- Current ratio
- 2.80x
- Net debt to EBITDA
- 4.75x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.38B
- EBITDA
- $1.56B
- Net income
- $770.95M
- Earnings per share
- $1.79
- Research and development
- $452.00M
- Shares outstanding
- 429.80M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $2.38B | - | $770.95M | $1.79 |
| 2024-12-31 | $2.26B | $1.53B | $858.98M | $1.92 |
| 2023-12-31 | $2.35B | $1.79B | $1.13B | $2.54 |
| 2022-12-31 | $2.24B | $711.47M | $42.83M | $0.10 |
| 2021-12-31 | $2.29B | $1.81B | $619.73M | $1.49 |
| 2020-12-31 | $2.12B | $1.80B | $975.04M | $1.32 |
| 2019-12-31 | $1.81B | - | $2.35B | $0.00 |
| 2018-12-31 | $1.79B | - | $1.38B | $0.00 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | - | 32.42% | 7.94% | 8.64% |
| 2024-12-31 | 67.64% | 37.95% | 8.31% | 7.59% |
| 2023-12-31 | 76.19% | 48.20% | 11.25% | 9.48% |
| 2022-12-31 | 31.80% | 1.91% | 0.45% | 2.06% |
| 2021-12-31 | 79.22% | 27.07% | 6.05% | 9.05% |
| 2020-12-31 | 84.97% | 45.94% | 9.85% | 10.85% |
| 2019-12-31 | - | 129.45% | 38.24% | 21.62% |
| 2018-12-31 | - | 76.76% | 30.27% | 51.92% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $618.70M | $8.57B |
| 2024-12-31 | $929.03M | $6.61B |
| 2023-12-31 | $477.01M | $6.14B |
| 2022-12-31 | $1.71B | $6.12B |
| 2021-12-31 | $1.54B | $7.10B |
| 2020-12-31 | $1.01B | $5.82B |
| 2019-12-31 | $246.20M | $5.96B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $2.49B | $289.89M |
| 2024-12-31 | $2.77B | $2.34M |
| 2023-12-31 | $2.99B | $2.36M |
| 2022-12-31 | $2.14B | $2.17M |
| 2021-12-31 | $2.02B | $2.44M |
| 2020-12-31 | $2.03B | $5.43M |
| 2019-12-31 | $1.67B | - |
| 2018-12-31 | $1.62B | - |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $0.92
| Payment date | Dividend per share |
|---|
| 2026-08-14 | $0.23 |
| 2026-05-15 | $0.23 |
| 2026-02-20 | $0.23 |
| 2025-11-14 | $0.22 |
| 2025-08-15 | $0.22 |
| 2025-05-16 | $0.22 |
| 2025-02-21 | $0.22 |
| 2024-11-15 | $0.21 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $1.18
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $1.27 |
| 2026-05-06 | - | - |
| 2026-02-11 | - | - |
| 2025-11-05 | - | - |
| 2025-08-06 | - | - |
| 2025-05-08 | - | - |
| 2025-02-11 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- royaltypharma.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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