MARKETS / NASDAQ / RGLD
NASDAQ · MINERAL ROYALTY TRADERS · LARGE CAP

Royal Gold, Inc. RGLD

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY17 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$1.0B
▲ 43.2% vs FY2024
Dividend streak
17 yrs
Raised every year since 2009
EPS · FY25
$6.69
Dividend / sh · FY25
$1.82
Payout · FY25
25%
ROE · FY25
9.1%
Net margin · FY25
45.2%
Dividend coverage
3.7×
Advertisement
AdSense · Leaderboard 728×90320×100
Result
USD 1.0B
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.40.81.21.00.52008201120142017202020232025
0.40.81.21.00.52016201920222025

45 cents of every revenue dollar became profit this year.

Per share
USD 6.69
Diluted EPS, FY2025
EPS Dividend
2.557.51.826.692008201120142017202020232025
2.557.51.826.692016201920222025

Earnings covered the dividend 3.7 times — the rest stayed in the company.

Profitability
9.1%
Return on equity, FY2025
ROE
4812169.1%2008201120142017202020232025
4812169.1%2016201920222025
Operating margin61.9%
Net margin45.2%
Return on assets7.2%

Each USD of equity produced 9 cents of profit this year.

Returned to shareholders
USD 118.5M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 118.5M
Net buybacks
Share of profit25.4%
Consecutive raises17 years

USD 118.5M in dividends — 25% of the year's profit went back to shareholders.

Growth
+10.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+19.5%
+10.8%
+13.6%
Net income
+25.0%
+9.0%
+12.7%
EPS, diluted
+22.6%
+7.8%
+11.6%
Dividend / share
+8.6%
+9.1%
+7.2%
+10.3%
Returned to shareholders
+8.8%
+9.3%
+7.3%
+11.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.08B
Shares outstanding, FY2025
0.050.082008201120142017202020232025
0.070.082016201920222025
Change, 5 years+28.9%
Change, 10 years+29.8%

The share count grew 29% in five years — the same company, cut into more, smaller slices.

Advertisement
AdSense · Leaderboard 728×90300×250
Balance sheet
USD 9.5B
total assets, end of FY2025
Total assetsUSD 9.5B
EquityUSD 7.2B
CashUSD 233.7M
Gross debtUSD 895.4M
Net debtUSD 661.7M
Current ratio3.12×

Net debt stands at 9% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
1.0
0.7
0.6
0.6
0.7
0.6
0.5
0.4
0.5
0.4
0.3
0.2
0.2
·
·
·
·
·
Operating income $B
0.6
0.4
0.3
0.3
0.3
0.3
0.2
0.1
−0.1
0.1
0.0
0.1
0.1
0.2
0.2
0.1
0.0
0.0
EBITDA $B
0.8
0.6
0.5
0.5
0.5
0.5
0.4
0.3
0.1
0.3
0.1
0.2
0.2
0.3
0.2
0.2
0.1
0.1
Income tax $B
0.1
0.1
0.0
0.0
0.1
0.0
−0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.1
0.1
0.0
0.0
0.0
Net income $B
0.5
0.3
0.2
0.2
0.3
0.3
0.2
0.1
−0.1
0.1
−0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
EPS, diluted $
6.69
5.04
3.63
3.63
4.17
4.60
3.03
1.43
−1.73
1.55
−1.18
0.80
0.96
1.09
1.61
1.29
0.49
1.07
Dividend / sh $
1.82
1.65
1.52
1.43
1.25
1.18
1.11
1.05
0.99
0.95
0.91
0.87
0.83
0.75
0.56
0.42
0.34
0.30
Payout %
25
32
41
38
29
25
36
72
−57
60
−76
108
84
60
30
29
50
25
ROE %
9.1
11.1
8.5
9.0
10.8
12.7
9.0
4.4
−5.2
4.5
−3.4
2.2
2.7
3.5
6.0
5.4
2.1
·
Shares out B
0.08
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.06
0.06
0.06
0.05
0.05
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed