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 Aug 9, 2026, 10:17 UTC 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 fallen from 46.0× (Mar '23) to 42.9× (Nov '26).
The price-to-sales ratio has risen from 18.2× (Mar '23) to 19.4× (Nov '26).
The dividend yield has fallen from 0.8% (Mar '23) to 0.6% (Nov '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?

Royal Gold Inc's P/E (TTM) is 27.09 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the RGLD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 42.9× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.