Royal Gold, Inc.

RGLD Basic Materials Gold

Royal Gold, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 43.2% from fiscal 2024.

Revenue
+84.4%
EPS
+39.6%
Free cash flow
+98.0%
Total debt
−81.0%

Quarter to September 2026, against a year earlier

262.25 16.17 +6.57%
Market cap
$22.1B
P/E
26.4×
Fwd P/E
19.7×
Dividend yield
0.72%
F-score
4/9
Altman Z
4.51
Beneish M
−2.19
Dividend safety
89/100

Royal Gold, Inc. (RGLD) Free cash flow margin

Alert me on Free cash flow margin

Royal Gold, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 69.0%, down 14.8 percentage points from fiscal 2025 (83.8%). Over the past ten years it has ranged from 47.1% (fiscal 2016) to 83.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Gold industry median of 0.00% and above the Basic Materials sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 83.8% 10.22
FY2024 73.6% 4.96
FY2023 68.6% (0.55)
FY2022 69.2% 0.00
FY2022 69.2% 3.08
FY2021 66.1% (2.20)
FY2020 68.3% 8.47
FY2019 59.8% (11.79)
FY2018 71.6% 11.09
FY2017 60.5% 13.48

Against its own ten years

Low 47.1% High 83.8%
Ten-year median 68.9%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
RGLD Royal Gold, Inc. 69.0%
CDE Coeur Mining, Inc. compare 44.8%
FNV Franco-Nevada Corporation compare 43.5%
AU AngloGold Ashanti PLC compare 36.6%
BTG B2Gold Corp compare 12.1%
EQX Equinox Gold Corp. compare 9.05%
GFI Gold Fields Limited compare 0.00%
HMY Harmony Gold Mining Company Limited compare 0.00%
WPM Wheaton Precious Metals Corp. compare −91.9%
Gold industry median 0.00%
Basic Materials sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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