Saturday 17 October 2026 Export RGLD’s income statement to Excel — free account

Royal Gold, Inc.

Royal Gold, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 43.2% from fiscal 2024. In the quarter to June 2026, revenue grew 114.9%, EPS grew 38.3% and free cash flow grew 119.3%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.

238.24 5.24 +2.25%

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Market cap: $19.7B
P/E: 26.0×
Fwd P/E: 16.3×
Dividend yield: 0.80%
F-score: 4/9
Altman Z: 4.51
Beneish M: −2.19
Dividend safety: 89/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 6.37

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	3	—	1	3	—	1	1	—	1	1	1

Insider Ownership 0.32%

Capital & Financial Ratios $m

Market Cap 19,740.00

Revenue 1,547.06

Net Income 744.79

Free Cash Flow 1,044.39

Net Debt 213.42

Current Ratio 2.92

Debt/Equity 0.05

P/E ratio 25.98

Fwd P/E 16.30

P/S ratio 13.06

P/B ratio 2.65

Past 5Y EPS Growth —

This Y EPS Growth 41.41%

Next Y EPS Growth 22.07%

Next Y revenue growth 81.37%

Next 5Y EPS Growth 22.46%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 16.48%

10-year low 10-year high

P/S against its own 10 years 51.38%

10-year low 10-year high

P/B against its own 10 years 42.98%

10-year low 10-year high

EV/Sales against its own 10 years 43.02%

10-year low 10-year high

EV/FCF against its own 10 years 35.57%

10-year low 10-year high

Dividends

Payout Ratio 0.21

Annual Dividend Rate 1.90

Annual Dividend Yield 0.80%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.90	0.48 0.48 0.48 0.48
2025	1.80	0.45 0.45 0.45 0.45
2024	1.60	0.40 0.40 0.40 0.40
2023	1.50	0.38 0.38 0.38 0.38
2022	1.40	0.35 0.35 0.35 0.35
2021	1.20	0.30 0.30 0.30 0.30
2020	1.12	0.28 0.28 0.28 0.28
2019	1.06	0.27 0.27 0.27 0.27
2018	1.00	0.25 0.25 0.25 0.25
2017	0.96	0.24 0.24 0.24 0.24
2016	0.92	0.23 0.23 0.23 0.23

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	104	195	234	182
Receivables	52	65	113	151
Inventory	10	13	26	30
Other	—	—	—	—
	167	275	377	370

	2023	2024	2025	Q'26
Payables	11	11	10	5
ST’ Debt	—	—	—	—
Other	19	22	37	30
	72	85	121	127

Compound Annual Growth %

	10y	5y	3y
Sales	11.10%	10.84%	19.54%
Cash Flow	15.33%	11.60%	19.09%
Earnings	0.00%	9.08%	25.05%
Book Value	12.00%	22.60%	37.80%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	469	451	—	—	—
’25	193	210	252	375	1,030
’24	149	174	194	203	719
’23	170	144	139	153	606
’22	—	—	131	163	603
’22	162	146	174	169	603
’21	143	168	147	158	616

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	294	335	—	—	—
’25	136	153	174	242	705
’24	138	114	137	141	530
’23	109	108	98	101	416
’22	—	—	95	101	417
’22	101	120	130	148	417
’21	92	121	94	100	407

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	294	335	—	—	—
’25	136	153	174	242	864
’24	138	114	137	141	530
’23	109	108	98	101	416
’22	—	—	95	101	417
’22	101	120	130	148	417
’21	92	121	94	100	407

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	3.30	2.78	—	—	—
’25	1.72	2.01	1.92	1.16	6.69
’24	0.72	1.23	1.46	1.63	5.04
’23	0.97	0.97	0.75	0.95	3.63
’22	—	—	0.70	0.86	3.63
’22	1.00	1.08	1.07	1.04	3.64
’21	0.82	1.24	1.63	0.91	4.61

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	24.68	61.00	70.16	80.65	59.78	92.01	84.54	101.82	100.55	131.73	Analyst estimates 2026–2028 Powerpack
	High	87.74	94.39	98.53	138.78	147.64	129.69	147.70	147.82	155.10	235.52
People
People	Employees	21	23	23	23	27	28	31	30	30	39
	Revenue/emp, $m	17.13	19.17	19.96	18.39	18.47	21.99	19.46	20.19	23.98	26.42
Income, $m
Income, $m	Revenue	360	441	459	423	499	616	603	606	719	1,030
	Gross margin, %	80.27	80.20	81.74	81.67	83.18	84.92	84.31	85.06	86.44	87.29
	EBT	(22)	119	(105)	107	193	340	273	282	426	574
	EBT margin, %	(6.05)	26.97	(22.78)	25.19	38.61	55.15	45.24	46.58	59.23	55.69
	Net income	(82)	92	(119)	89	196	0	240	240	332	472
	Depreciation	154	173	179	178	175	184	179	165	144	177
Per share, $
Per share, $	Revenue	5.53	6.77	7.03	6.47	7.61	9.40	9.20	9.23	10.96	14.84
	Earnings	(1.27)	1.42	(1.83)	1.36	3.00	4.62	3.64	3.64	5.04	6.70
	Cash flow	2.60	4.10	5.04	3.87	5.20	6.21	6.36	6.34	8.06	10.15
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.29
	Free cash flow	2.60	4.10	5.04	3.87	5.20	6.21	6.36	6.34	8.06	12.44
	Book value	35.13	35.61	32.80	33.19	35.13	0.00	41.99	44.21	47.69	103.79
	Shares, m	65	65	65	65	66	66	66	66	66	69
Valuation, ×
Valuation, ×	P/E	0.00	50.11	0.00	70.83	40.89	24.80	32.10	32.91	26.16	32.64
	P/S	13.03	11.55	13.16	15.66	16.33	12.14	12.70	12.98	12.03	14.98
	P/B	2.05	2.20	2.82	3.05	3.54	2.99	2.78	2.71	2.76	2.14
	EV/Sales	14.37	12.69	13.73	15.88	16.29	11.79	13.45	13.21	12.04	15.67
	EV/FCF	23.09	14.28	13.24	18.84	16.58	17.83	19.45	19.25	16.35	22.90
Cash, $m
Cash, $m	Operating cash flow	169	267	329	253	341	407	417	416	530	705
	Capex	(1,346)	(204)	(12)	(1)	(156)	(168)	(922)	—	—	159
	Free cash flow	169	267	329	253	341	407	417	416	530	864
Balance, $m
Balance, $m	Working capital	142	109	74	121	319	155	122	95	190	257
	Total debt	601	586	351	215	300	7	572	246	—	895
	Net debt	484	500	262	95	(19)	(144)	453	142	(195)	662
	Shareholders’ equity	2,286	2,320	2,141	2,170	2,302	2,601	2,753	2,901	3,131	7,205
Returns, %
Returns, %	ROA	(2.58)	3.29	(3.92)	3.59	7.51	0.00	6.76	6.94	9.83	7.23
	ROIC	0.11	3.23	(1.94)	3.88	5.45	0.00	5.53	6.23	9.15	5.07
	ROE	(3.28)	4.41	(5.07)	4.35	8.91	0.00	8.70	8.47	11.01	9.04

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FNV Franco-Nevada Corporation	$46.5B	31.7×	24.5×	+57.26% (above 0%: growing)	+43.75% (above 0%: growing)	+143.18% (above 0%: growing)	77.64%	76.73%	Compare
AU AngloGold Ashanti PLC	$46.2B	12.4×	8.7×	+26.95% (above 0%: growing)	+49.24% (above 0%: growing)	+41.62% (above 0%: growing)	54.86%	50.77%	Compare
GFI Gold Fields Limited	$32.9B	22.3×	6.2×	+8.27% (above 0%: growing)	n/m	+754.13% (above 0%: growing)	37.73%	0.00%	Compare
RGLD Royal Gold, Inc.	$19.7B	26.0×	16.3×	+114.91% (above 0%: growing)	+38.31% (above 0%: growing)	+119.34% (above 0%: growing)	86.66%	62.13%
CDE Coeur Mining, Inc.	$15.8B	13.0×	9.8×	+125.86% (above 0%: growing)	+9.09% (above 0%: growing)	+165.48% (above 0%: growing)	49.36%	19.94%	Compare
EQX Equinox Gold Corp.	$13.0B	10.7×	8.0×	+169.33% (above 0%: growing)	+480.00% (above 0%: growing)	−103.64% (below 0%: shrinking)	39.20%	32.14%	Compare
HMY Harmony Gold Mining Company Limited	$10.7B	52.5×	3.6×	−3.10% (below 0%: shrinking)	n/m	+265.24% (above 0%: growing)	26.37%	0.00%	Compare
AUGO Aura Minerals Inc.	$7.2B	24.4×	7.3×	+76.42% (above 0%: growing)	+2,263.64% (above 0%: growing)	+0.29% (above 0%: growing)	56.99%	52.18%	Compare
BTG B2Gold Corp	$6.8B	8.7×	5.4×	+14.03% (above 0%: growing)	+158.33% (above 0%: growing)	+462.54% (above 0%: growing)	39.06%	66.07%	Compare
Median of peers	$14.4B	17.6×	7.6×	+42.11%	+103.79%	+154.33%	44.28%	41.46%

All 37 Gold stocks →

Royal Gold, Inc. (RGLD) key facts

Strength: Royal Gold, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 43.2% from fiscal 2024.
Royal Gold, Inc. (RGLD) is a Gold company in the Basic Materials sector, listed on Nasdaq.
As of October 16, 2026, RGLD traded at $238.24, a market capitalization of $19.7 billion.
Royal Gold, Inc. pays an annual dividend of $1.90 per share, a yield of 0.80%, with a payout ratio of 20.7%.
Return on equity was 9.04% and debt-to-equity 0.05.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 4.51 (safe zone) for fiscal 2025.