RGLD vs TPL
Royal Gold Inc. and Texas Pacific Land Corp., side by side — 8 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | RGLD | TPL |
|---|---|---|
| Revenue | $1.0B | $798.2M |
| Net income | $466.3M | $481.4M |
| Gross margin | 69.3% | · |
| Net margin | 45.8% | 60.3% |
| Return on equity | 9.1% | 37.2% |
| Diluted EPS | $6.69 | $6.97 |
| Dividend / share | $1.82 | $2.13 |
| Payout ratio | 25.4% | 30.7% |
| Free cash flow | · | $510.0M |
| Equity | $7.2B | $1.5B |
| Net debt / equity | 0.09× | · |
| Current ratio | 3.12× | 4.40× |
| Revenue CAGR 5y | 10.8% | 21.4% |
| Profit CAGR 5y | 9.0% | 22.3% |
RGLD bills 1.3× the revenue of TPL, and TPL keeps more of each dollar of revenue as profit (60.3% against 45.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | RGLD | TPL |
|---|---|---|
| FY2025 | $1.0B | $798.2M |
| FY2024 | $719.4M | $705.8M |
| FY2023 | $605.7M | $631.6M |
| FY2022 | $603.2M | $667.4M |
| FY2021 | $653.6M | $451.0M |
| FY2020 | $615.9M | $302.6M |
| FY2019 | $498.8M | $490.5M |
| FY2018 | $423.1M | $300.2M |
Bottom line
| Fiscal year | RGLD | TPL |
|---|---|---|
| FY2025 | $466.3M | $481.4M |
| FY2024 | $332.0M | $454.0M |
| FY2023 | $239.4M | $405.6M |
| FY2022 | $239.0M | $446.4M |
| FY2021 | $274.0M | $270.0M |
| FY2020 | $302.5M | $176.0M |
| FY2019 | $199.3M | $318.7M |
| FY2018 | $93.8M | $209.7M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$232,281,000 | RGLD |
| FY2024 | +$13,572,000 | RGLD |
| FY2023 | −$25,878,000 | TPL |
| FY2022 | −$64,216,000 | TPL |
| FY2021 | +$202,610,000 | RGLD |
| FY2020 | +$313,292,000 | RGLD |
| FY2019 | +$8,323,000 | RGLD |
| FY2018 | +$122,836,000 | RGLD |
The higher-revenue side has changed between RGLD and TPL over this period. The gap has widened since the earliest year compared.
8 of 13 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −14.5 pp | TPL |
| FY2024 | −18.1 pp | TPL |
| FY2023 | −24.6 pp | TPL |
| FY2022 | −27.1 pp | TPL |
| FY2021 | −17.8 pp | TPL |
| FY2020 | −9.0 pp | TPL |
| FY2019 | −25.6 pp | TPL |
| FY2018 | −48.8 pp | TPL |
TPL has kept the higher net margin in every one of these 8 fiscal years.
8 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RGLD's net margin has been more volatile than TPL's over the 8 comparable fiscal years — 8.1 percentage points of standard deviation against 3.7.
8 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
TPL led in net margin in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TPL's return on equity has been more volatile than RGLD's over the 8 comparable fiscal years — 19.0 percentage points of standard deviation against 2.3.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
TPL led in return on equity in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.