RGLD Financials Royal Gold Inc

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 41 d ago Overview →

Growth & profitability

Revenue has grown 15.6% per year over the past 5 years.
Net income has grown faster than revenue (18.5% vs 15.6% per year).
Operating margin has expanded, at 61.9% in the latest year.

Financial health

Total debt ($895M) exceeds cash ($234M); net debt is $662M.
Total debt has grown faster than revenue (24.4% vs 15.6% per year).
Total debt is 1.1× EBITDA.

Shareholder returns

Dividends have been paid for 12 consecutive years, consuming 25.4% of earnings.
The dividend has grown 10.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.0B	$466M	69.3%	61.9%	6.5%	4.9%	—	$895M	$234M
2024	$719M	$332M	65.5%	59.8%	10.6%	9.8%	—	$0	$195M
2023	$606M	$239M	56.7%	50.1%	8.3%	7.1%	—	$246M	$104M
2022	$603M	$239M	53.6%	47.0%	8.7%	6.8%	—	$572M	$119M
2021	$654M	$274M	0.0%	50.2%	10.6%	9.9%	—	—	$144M
2021	$616M	$303M	54.1%	54.8%	12.1%	11.4%	—	—	$226M
2020	$499M	$199M	47.3%	39.9%	8.8%	7.2%	—	$300M	$319M
2019	$423M	$94M	42.2%	33.3%	4.4%	3.7%	—	$215M	$119M
2018	$459M	-$113M	45.6%	-16.2%	-5.4%	-4.2%	—	$351M	$89M
2017	$441M	$102M	43.6%	33.1%	4.5%	3.3%	—	$586M	$86M
2016	—	-$77M	—	—	-3.5%	-2.5%	—	$601M	$117M
2015	—	$52M	—	—	2.2%	1.8%	—	$314M	$743M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$451M	$236M	64.6%	62.1%	3.1%	2.5%	—	$396M	$182M
Mar '26	$469M	$281M	67.1%	63.3%	3.8%	3.0%	—	$596M	$234M
Dec '25	$375M	$94M	64.6%	56.2%	1.3%	1.0%	—	$895M	$234M
Sep '25	$252M	$127M	73.6%	64.4%	3.7%	2.8%	—	$770M	$173M
Jun '25	$210M	$132M	72.6%	67.7%	4.0%	3.7%	—	—	$248M
Mar '25	$193M	$113M	69.4%	63.6%	3.5%	3.3%	—	—	$241M
Dec '24	$203M	$107M	70.3%	65.9%	3.4%	3.2%	—	$0	$195M
Sep '24	$194M	$96M	66.6%	61.3%	3.2%	2.9%	—	$0	$128M
Jun '24	$174M	$81M	64.7%	58.6%	2.7%	2.5%	—	$50M	$74M
Mar '24	$149M	$47M	58.4%	50.7%	1.6%	1.4%	—	$146M	$138M
Dec '23	$153M	$63M	58.6%	52.2%	2.2%	1.9%	—	$246M	$104M
Sep '23	$139M	$49M	54.5%	47.3%	1.7%	1.5%	—	$321M	$103M
Jun '23	$144M	$63M	56.3%	49.9%	2.2%	1.8%	—	$396M	$106M
Mar '23	$170M	$64M	57.0%	50.5%	2.3%	1.8%	—	$497M	$127M
Dec '22	$163M	$56M	53.2%	45.1%	2.1%	1.6%	—	$572M	$119M
Sep '22	$131M	$46M	52.8%	47.0%	1.7%	1.4%	—	$446M	$122M
Jun '22	$146M	$71M	52.8%	46.4%	2.7%	2.5%	—	—	$281M
Mar '22	$162M	$66M	55.2%	49.6%	2.5%	2.4%	—	—	$184M
Dec '21	$169M	$68M	0.0%	49.8%	2.6%	2.5%	—	—	$144M
Sep '21	$174M	$70M	54.3%	50.1%	2.8%	2.5%	—	$95M	$160M

Valuation over time

How the market has priced RGLD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 46.0× (Mar '23) to 48.1× (Sep '26).
The price-to-sales ratio has risen from 18.2× (Mar '23) to 21.8× (Sep '26).
The dividend yield has fallen from 0.8% (Mar '23) to 0.5% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is RGLD growing its revenue and profit?

Over the past 5 years, Royal Gold Inc's revenue has grown 15.6% per year, and net income grown 18.5% per year. These are computed facts, not advice.

How much debt does RGLD have?

As of FY2025, Royal Gold Inc reported $895M of total debt against $234M of cash.

What is RGLD's profit margin?

In FY2025, gross margin was 69.3%, operating margin 61.9%, and net margin 45.2%.

What is RGLD's P/E ratio?

As of Sep '26, Royal Gold Inc traded at a price-to-earnings ratio of about 48.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.