Pricing Log in Create free account
Saturday 17 October 2026 Export RGLD’s income statement to Excel — free account

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. 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%
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 (at or above 1.5: strong)
Debt/Equity 0.05 (at or below 0.5: strong)
P/E ratio 25.98
Fwd P/E 16.30
P/S ratio 13.06 (above 10: high)
P/B ratio 2.65
Past 5Y EPS Growth —
This Y EPS Growth 41.41% (at or above 15%: strong)
Next Y EPS Growth 22.07% (at or above 15%: strong)
Next Y revenue growth 81.37% (at or above 10%: strong)
Next 5Y EPS Growth 22.46% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 13.2×, against a ten-year median of 13.5×; over the ten years it ranged from 7.8× in 2016 to 20.9× in 2026.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Royal Gold, Inc. vs peers in Gold (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Royal Gold, Inc. (RGLD) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/RGLD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com