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Royal Gold, Inc.

RGLDBasic MaterialsNASDAQ

Gold · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$1.03B
+43.2% YoY
Net Income
$466.3M
+40.4% YoY
EBITDA
$780.0M
+34.4% YoY
Free Cash Flow
-$409.4M

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About Royal Gold, Inc.

Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests in North America, South and Central America, Europe, the Middle East,. The company carries a $18.64B market cap, placing it firmly in the large-cap category. It operates through Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments.

Key stats
Market Cap$18.64B
P/E (TTM)26.52
Fwd P/E15.93
EPS$8.28
Beta0.44
52W Change+19.4%
Dividend Yield0.87%
ROE12.0%
Analysis

Royal Gold, Inc. carries $595.7M in total debt against $234.1M in cash reserves — debt is roughly 2.5x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$409.4M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 12.0% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 8.1% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $603.2M (2022) to $1.03B (2025), reflecting a 71% increase over the period.

RGLD's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing RGLD's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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