8 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.3% per year over the past 5 years.
Net income has grown slower than revenue (-4.6% vs 2.3% per year).
Operating margin has contracted, at 65.6% in the latest year.
Financial health
Total debt ($9.0B) exceeds cash ($619M); net debt is $8.3B.
Total debt has grown faster than revenue (9.0% vs 2.3% per year).
Operating income covered interest expense 5.1× in the latest year.
Total debt is 5.7× EBITDA.
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
$2.4B
$771M
0.0%
65.6%
7.9%
3.9%
—
$9.0B
$619M
2024
$2.3B
$859M
0.0%
57.1%
8.3%
4.7%
—
$7.6B
$929M
2023
$2.4B
$1.1B
0.0%
63.4%
11.3%
6.9%
—
$6.1B
$477M
2022
$2.2B
$43M
0.0%
13.7%
0.4%
0.3%
—
$7.1B
$1.7B
2021
$2.3B
$620M
0.0%
62.5%
6.0%
3.5%
—
$7.1B
$1.5B
2020
$2.1B
$975M
0.0%
75.2%
9.9%
6.1%
—
$5.8B
$1.0B
2019
$1.8B
$2.3B
0.0%
144.6%
38.2%
18.9%
—
$6.2B
$246M
2018
$1.8B
$1.4B
0.0%
76.0%
30.3%
—
—
—
—
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
$674M
$18M
0.0%
19.7%
0.2%
0.1%
—
$9.0B
$812M
Mar '26
$631M
$295M
0.0%
89.3%
3.0%
1.5%
—
$9.0B
$586M
Dec '25
$622M
$214M
0.0%
62.4%
2.2%
1.1%
—
$9.0B
$619M
Sep '25
$609M
$288M
0.0%
70.1%
3.0%
1.5%
—
$8.9B
$939M
Jun '25
$579M
$32M
0.0%
36.3%
0.3%
0.2%
—
$8.0B
$632M
Mar '25
$568M
$239M
0.0%
94.0%
2.4%
1.4%
—
$7.6B
$1.1B
Dec '24
$594M
$208M
0.0%
60.9%
2.0%
1.1%
—
$7.6B
$929M
Sep '24
$565M
$544M
0.0%
130.2%
5.3%
3.0%
—
$7.6B
$950M
Jun '24
$537M
$102M
0.0%
50.2%
1.0%
0.6%
—
$7.6B
$1.8B
Mar '24
$568M
$5M
0.0%
-13.0%
0.0%
0.0%
—
$6.1B
$843M
Dec '23
$596M
$494M
0.0%
102.8%
4.9%
3.0%
—
$6.1B
$477M
Sep '23
$536M
$72M
0.0%
28.2%
0.8%
0.5%
—
$6.1B
$936M
Jun '23
$538M
$228M
0.0%
46.2%
2.3%
1.3%
—
$7.1B
$2.2B
Mar '23
$684M
$341M
0.0%
70.0%
3.5%
2.0%
—
$7.1B
$2.0B
Dec '22
$566M
-$456M
0.0%
-85.3%
-4.8%
-2.7%
—
$7.1B
$1.7B
Sep '22
$573M
$143M
0.0%
33.5%
1.4%
0.8%
—
$7.1B
$992M
Jun '22
$536M
$305M
0.0%
70.5%
2.9%
1.7%
—
$7.1B
$2.1B
Mar '22
$562M
$52M
0.0%
39.1%
0.5%
0.3%
—
$7.1B
$1.8B
Dec '21
$576M
$8M
0.0%
26.6%
0.1%
0.0%
—
$7.1B
$1.5B
Sep '21
$586M
$102M
0.0%
51.7%
1.0%
0.6%
—
$7.1B
$1.8B
Valuation over time
How the market has priced RPRX 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 374.6× (Mar '23) to 38.4× (Nov '26).
The price-to-sales ratio has risen from 7.2× (Mar '23) to 12.5× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is RPRX growing its revenue and profit?
Over the past 5 years, Royalty Pharma Plc's revenue has grown 2.3% per year, and net income declined 4.6% per year. These are computed facts, not advice.
How much debt does RPRX have?
As of FY2025, Royalty Pharma Plc reported $9.0B of total debt against $619M of cash; operating income covered interest expense 5.1×.
What is RPRX's profit margin?
In FY2025, gross margin was —, operating margin 65.6%, and net margin 32.4%.
What is RPRX's P/E ratio?
Royalty Pharma Plc's P/E (TTM) is 36.35 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 RPRX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 38.4× 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.