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Stock research / United States / RGLD · Mineral Royalty Traders · Nasdaq

Royal Gold Inc. (RGLD)

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Royal Gold Inc. (RGLD) reported revenue of $451 million for Q2 FY2026, the quarter ended 30 June 2026, up 114.9% on the same quarter a year earlier. Net income was $236 million, up 78.6% on the year, and diluted earnings per share $2.78. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$451 millionup 114.9%
Net income$236 millionup 78.6%
Diluted EPS$2.78
QuarterQ2 FY2026ended 30 June 2026

Royal Gold (RGLD) in brief

Royal Gold (RGLD) reported revenue of $1.0 billion for fiscal 2025, the year ended 31 December 2025, up 43.2% on the year before.
Read moreNet income was $466 million and diluted earnings per share $6.69. Revenue was $719 million in fiscal 2024, $606 million in fiscal 2023, $603 million in fiscal 2022 and $654 million in fiscal 2021. Net income in the same years was $332 million, $239 million, $239 million and $274 million. Over the twelve months to 30 June 2026, Royal Gold reported revenue of $1.5 billion and net income of $738 million. Royal Gold declared $1.82 a share in dividends over the last four quarters and had 85 million shares outstanding at the latest filed count. At 30 June 2026 it carried $396 million of debt and $182 million of cash. At the close of 8 October 2026 the market cap of Royal Gold was $19.6 billion, 25.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.7%
ROCE11.9%
Operating margin61.4%
Net margin47.7%
FCF marginn/a
Interest covern/a
Debt to equity0.05
Cash conversion1.42
Share count, 1 year28.8%
Sales CAGR, 3 years19.5%
Profit CAGR, 3 years25.0%
EPS, TTM$9.16

At the close of 8 October 2026

Price$231.18
Market cap$19.6 billion
Stock P/E25.24
Price to book2.58
EV / EBITDA15.83
Dividend yield0.8%
Market cap / sales12.65
52-week high$304.29
52-week low$169.08
Price, 1 year12.6%
Price CAGR, 3 years29.8%
Price CAGR, 5 years19.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Royal Gold Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
RGLDgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RGLD

Filings20 in twelve months: 11 current reports (8-K), about 7 results of operations; 3 regulation fd disclosure; 2 shareholder vote; 1 acquisition or disposition completed; 1 unregistered sale of equity
Planned insider sales11 Form 144 notices in twelve months, $6.4 million; latest 3 September 2026
Options tapeput/call 0.61 by open interest at the 8 October 2026 close; the straddle prices a 3.9% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading27 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest2.2 million shares short, 3.95 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 7 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue139153149174194203193210252375469451
Cost of revenue21.420.821.824.227.224.424.524.231.450.860.360.1
Gross profit75.689.587.0113129142134152185242315291
Gross margin55%59%58%65%67%70%69%73%74%65%67%65%
Operating income65.679.775.5102119133123142162211297280
Operating margin47%52%51%59%61%66%64%68%64%56%63%62%
Pre-tax income60.376.374.3100118134124143161146307296
Tax rate18%18%36%19%18%20%8%7%18%36%8%20%
Net income49.362.847.281.296.210711313212793.6281236
Net margin36%41%32%47%50%53%59%63%50%25%60%52%
Diluted EPS$0.75$0.95$0.72$1.23$1.46$1.63$1.72$2.01$1.92$1.16$3.30$2.78
Operating cash flow98.1101138114137141136153174242294335
Buybacksn/an/an/an/an/an/an/an/an/an/an/a30.0
Dividends paid24.624.626.326.326.326.329.629.629.629.640.240.3
Shares outstanding66m66m66m66m66m66m66m66m66m84m85m85m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 5 fiscal years and the trailing twelve months

FY2021 †FY2022FY2023FY2024FY2025TTM
Revenue6546036067191,0301,547
Cost of revenue98.594.690.597.5131203
Gross profit5553233434717141,034
Gross margin84.9%53.6%56.7%65.5%69.3%66.8%
Operating income328284303430638950
Operating margin50.2%47.0%50.1%59.8%61.9%61.4%
Pre-tax income328273282426574910
Income tax53.232.942.093.6102165
Effective tax rate16.2%12.1%14.9%22.0%17.8%18.1%
Net income274239239332466738
Net margin41.9%39.6%39.5%46.2%45.2%47.7%
Diluted EPS$4.17$3.63$3.63$5.04$6.69$9.16
Filing10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Stream interest41848368666.6%
Royalty interest18723634433.4%
Stream interestRoyalty interest
606FY2023719FY20241,030FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2021 †FY2022FY2023FY2024FY2025TTM
Operating cash flow4624174165307051,044
Cash from investing-417-923-2.8-77.7-1,419-1,331
Cash from financing-283481-427-360752221
Depreciation and amortisation189179165144177300
Share-based compensation6.18.49.711.911.812.8
Dividends paid78.791.998.6105119140
Dividend per share$1.25$1.43$1.52$1.65$1.82n/a
Diluted shares, weighted66m66m66m66m70m85m
Shares outstanding at period end66m66m66m66m84m85m
Filing10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2021 †FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity2,5892,7412,8883,1197,1577,587
Non-controlling interest12.512.412.412.248.246.6
Debtn/a5722460.0895396
Operating lease liabilities6.75.64.74.033.0n/a
Other liabilities1492042102571,4041,420
Total liabilities and equity2,7573,5353,3613,3929,5389,449
Owned
Investments1.70.4n/a0.0173132
Cash and equivalents144119104195234182
Other assets2,6123,4163,2573,1979,1319,135
Total assets2,7573,5353,3613,3929,5389,449
Filing10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a19.5%93.5%
Profit growth, compoundedn/an/a25.0%64.2%
Return on equity, averagen/a9.0%8.5%6.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Trading

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Vici Properties Inc. VICI$25.1 billion8.839.5%n/a4.4%0.587.9%
Texas Pacific Land Corp. TPL$24.7 billion45.6032.4%74.9%20.8%0.000.6%
T. Rowe Price Group, Inc. TROW$22.2 billion10.4520.2%30.8%7.0%0.004.9%
Vivmark Residential VMRK$22.2 billion25.678.3%28.2%2.8%0.574.7%
Royal Gold Inc. RGLD$19.6 billion25.249.7%61.4%93.5%0.050.8%
SBA Communications Corp. SBAC$18.0 billion18.32n/a47.6%5.4%n/an/a
Essex Property Trust, Inc. ESS$17.3 billion41.837.8%32.5%4.7%1.203.8%
Franklin Templeton Inc. BEN$16.4 billion22.046.9%9.7%7.9%0.204.0%
Host Hotels & Resorts, Inc. HST$15.4 billion15.0316.1%14.6%4.9%0.804.2%
Kimco Realty Corp. KIM$14.8 billion25.995.9%36.0%4.4%0.814.6%
Lamar Advertising Co. LAMR$14.8 billion26.5955.9%31.8%4.4%3.284.4%
W. P. Carey Inc. WPC$14.4 billion21.557.5%41.8%9.0%1.025.9%
All 91 in Trading
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Morgan Stanley MS$294.6 billion15.1517.3%n/a18.0%3.372.1%
Goldman Sachs Group Inc. GS$257.2 billion13.6217.1%n/a17.8%3.571.9%
Charles Schwab Corp. SCHW$167.5 billion17.6120.1%n/a20.3%0.451.1%
BlackRock, Inc. BLK$165.8 billion25.5611.4%32.6%26.5%0.221.9%
Welltower Inc. WELL$160.3 billion102.313.3%-2.4%37.6%0.381.3%
Prologis, Inc. PLD$120.6 billion28.807.8%54.7%7.3%0.680.0%
CME Group Inc. CME$99.9 billion23.4516.3%65.1%5.1%0.131.8%
Equinix Inc. EQIX$99.8 billion65.1110.7%21.8%9.6%1.381.9%
Robinhood Markets, Inc. HOOD$97.6 billion47.1421.7%46.0%38.3%0.23n/a
Intercontinental Exchange, Inc. ICE$87.2 billion21.9413.7%40.7%6.9%0.671.3%
Blackstone Inc. BX$84.8 billion25.2139.0%47.2%17.2%1.484.2%
KKR & Co. Inc. KKR$80.4 billion28.5210.2%n/a31.1%1.721.5%
American Tower Corp. AMT$77.7 billion22.9391.4%44.8%6.6%8.594.1%
Brookfield Asset Management Ltd. BAM$72.8 billionn/an/a58.6%31.9%0.443.4%
Digital Realty Trust, Inc. DLR$66.8 billion88.472.9%14.6%17.4%0.68n/a
Apollo Global Management, Inc. APO$66.4 billion41.938.9%20.2%41.2%0.651.8%
Simon Property Group Inc. SPG$64.7 billion14.08104.1%47.4%15.0%6.474.3%
Nasdaq, Inc. NDAQ$51.9 billion26.9316.4%29.5%7.6%0.731.2%
Realty Income Corp. O$51.3 billion39.543.2%20.1%10.9%0.635.9%
Public Storage PSA$50.1 billion27.2422.2%39.0%3.0%1.114.2%
Ameriprise Financial Inc. AMP$44.1 billion12.0662.0%25.9%10.6%0.560.6%
Ventas, Inc. VTR$41.9 billion151.411.8%3.3%21.5%0.872.3%
Interactive Brokers Group, Inc. IBKR$38.9 billion34.5919.1%n/a21.3%0.000.0%
Ares Management Corp. ARES$36.2 billionn/a16.0%18.1%24.0%n/a4.3%
Iron Mountain Inc. IRM$33.6 billion80.69n/a18.8%17.4%n/a3.0%
Cboe Global Markets, Inc. CBOE$30.7 billion22.9224.1%34.7%11.7%0.260.9%
Raymond James Financial Inc. RJF$30.5 billion13.8318.2%n/a10.5%0.071.3%
Crown Castle Inc. CCI$29.3 billionn/an/an/an/an/a6.2%
Extra Space Storage Inc. EXR$28.1 billion29.397.2%40.9%4.2%1.034.9%
Nomura Holdings Inc. NMR *$27.7 billion12.659.8%n/a14.0%n/a4.3%
Vici Properties Inc. VICI$25.1 billion8.839.5%n/a4.4%0.587.9%
Texas Pacific Land Corp. TPL$24.7 billion45.6032.4%74.9%20.8%0.000.6%
T. Rowe Price Group, Inc. TROW$22.2 billion10.4520.2%30.8%7.0%0.004.9%
Vivmark Residential VMRK$22.2 billion25.678.3%28.2%2.8%0.574.7%
Royal Gold Inc. RGLD$19.6 billion25.249.7%61.4%93.5%0.050.8%
SBA Communications Corp. SBAC$18.0 billion18.32n/a47.6%5.4%n/an/a
Essex Property Trust, Inc. ESS$17.3 billion41.837.8%32.5%4.7%1.203.8%
Franklin Templeton Inc. BEN$16.4 billion22.046.9%9.7%7.9%0.204.0%
Host Hotels & Resorts, Inc. HST$15.4 billion15.0316.1%14.6%4.9%0.804.2%
Kimco Realty Corp. KIM$14.8 billion25.995.9%36.0%4.4%0.814.6%
Lamar Advertising Co. LAMR$14.8 billion26.5955.9%31.8%4.4%3.284.4%
W. P. Carey Inc. WPC$14.4 billion21.557.5%41.8%9.0%1.025.9%
Weyerhaeuser Co. WY$13.8 billion29.055.0%12.3%-2.6%0.564.4%
Annaly Capital Management Inc. NLY$13.7 billion4.4217.4%n/a27.5%2.0315.3%
SUN Communities Inc. SUI$13.7 billionn/an/an/an/a0.733.9%
Mid-America Apartment Communities, Inc. MAA$13.5 billion33.977.4%n/a0.8%1.055.2%
Carlyle Group Inc. CG$13.4 billion39.385.0%17.0%-41.9%1.913.7%
Invesco Ltd. IVZ$13.3 billionn/a-2.5%-7.1%12.2%0.132.8%
Omega Healthcare Investors Inc. OHI$13.2 billion15.7115.9%60.6%15.0%0.756.1%
Regency Centers Corp. REG$13.1 billion24.078.1%72.0%8.2%0.714.0%
Healthpeak Properties, Inc. DOC$12.8 billion52.913.1%5.1%5.5%1.286.6%
SEI Investments Co. SEIC$12.4 billion18.2128.3%28.9%11.1%0.011.0%
Equity Lifestyle Properties Inc. ELS$11.3 billion28.1223.6%26.2%2.5%1.883.6%
Stifel Financial Corp. SF$11.3 billion12.4315.9%n/a15.4%0.101.7%
Gaming & Leisure Properties, Inc. GLPI$11.1 billion11.2219.4%82.5%5.8%1.628.3%
American Homes 4 Rent AMH$11.0 billion24.206.8%14.8%4.3%0.753.9%
Evercore Inc. EVR$11.0 billion15.0840.1%21.4%45.4%0.291.2%
Udr, Inc. UDR$10.8 billion21.3817.8%40.8%1.5%1.985.1%
Eastgroup Properties Inc. EGP$10.5 billion34.238.5%40.5%11.0%0.453.0%
Affiliated Managers Group, Inc. AMG$10.0 billion13.5628.2%15.1%11.8%0.990.0%
American Healthcare Reit, Inc. AHR$9.8 billion74.183.3%19.2%16.4%0.242.0%
Camden Property Trust CPT$9.7 billion32.048.6%n/a0.5%1.284.3%
Bxp, Inc. BXP$9.5 billion31.895.8%28.3%1.9%3.035.1%
Federal Realty Investment Trust FRT$9.2 billion21.3113.0%47.9%8.0%1.424.2%
Jefferies Financial Group Inc. JEF$9.0 billionn/a7.8%n/a21.4%1.713.6%
Houlihan Lokey, Inc. HLI$8.5 billion21.1018.0%20.4%1.7%0.000.2%
InterDigital, Inc. IDCC$8.5 billion37.8725.1%43.8%-11.7%0.320.9%
CubeSmart CUBE$8.5 billion25.8713.0%39.8%3.9%1.355.6%
CareTrust Reit, Inc. CTRE$8.4 billion22.517.9%55.7%53.0%0.274.1%
Brixmor Property Group Inc. BRX$8.3 billion19.3414.3%n/a5.8%1.764.3%
Rexford Industrial Realty, Inc. REXR$8.3 billionn/a-5.2%39.3%0.5%0.434.6%
Agree Realty Corp. ADC$8.2 billion35.393.4%47.9%18.2%0.594.0%
Alexandria Real Estate Equities, Inc. ARE$7.9 billionn/a-6.6%-69.8%-8.4%0.8210.3%
First Industrial Realty Trust Inc. FR$7.9 billion21.6413.1%41.6%8.4%0.933.0%
NNN Reit, Inc. NNN$7.7 billion19.748.6%62.3%6.5%1.005.9%
Morningstar, Inc. MORN$7.6 billion19.2041.2%23.5%9.3%1.660.9%
Stag Industrial, Inc. STAG$6.9 billion27.606.8%37.6%9.6%0.954.2%
Vornado Realty Trust VNO$6.3 billion1,690.501.2%n/a1.4%1.292.2%
Healthcare Realty Trust Inc. HR$5.9 billionn/a-2.1%n/a-6.3%0.996.4%
Rayonier Inc. RYN$5.6 billionn/an/an/an/a0.3613.4%
Dolby Laboratories, Inc. DLB$5.5 billion24.878.8%17.7%0.6%0.002.4%
Kite Realty Group Trust KRG$4.8 billion14.8611.8%16.3%-5.9%0.995.2%
Sabra Health Care Reit, Inc. SBRA$4.8 billion72.462.4%n/a17.3%0.956.4%
Starwood Property Trust, Inc. STWD$4.7 billion21.983.5%1.5%11.8%2.9115.1%
Cousins Properties Inc. CUZ$4.6 billion693.000.1%68.0%11.9%0.834.6%
EPR Properties EPR$4.2 billion17.5011.4%55.1%4.5%1.436.5%
Federated Hermes, Inc. FHI$4.0 billion10.4232.9%27.1%15.0%0.282.4%
Kilroy Realty Corp. KRC$4.0 billion23.913.2%n/a-3.8%0.876.3%
Copt Defense Properties CDP$3.8 billion23.4110.7%30.3%4.5%1.703.6%
Independence Realty Trust, Inc. IRT$3.5 billion81.331.3%16.9%3.5%0.734.7%
Hamilton Lane Inc. HLNEn/an/a29.4%43.6%24.0%0.29n/a
No other company here shares its SEC industry code (Mineral Royalty Traders); these are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-K/A31 December 202318 December 2024EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR

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