Is the business good?
How good a business is RGLD?
Royal Gold, Inc. earns 9.8% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
9.8%
Return on invested capital · cost of capital 9.0% · 0.79 points above what the capital costs: growth creates value
- Operating margin
- 61%
Operating margin · Gold median 39% · 12 months to Q2 2027
- Share count, year on year
- +29%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 67%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 40% |
| FY2021 | 55% |
| FY2023 | 47% |
| FY2024 | 50% |
| FY2025 | 60% |
| FY2026 | 62% |
Details›
- Gross margin12 months to Q2 2027
- 67%
- Operating margin12 months to Q2 2027
- 61%
- Net margin12 months to Q2 2027
- 48%
- Revenue, trailing twelve months
- $1.55B
- Net income, trailing twelve months
- $738M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.