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Royal Gold

RGLD

Royal Gold is a leading precious metals streaming and royalty company that acquires and manages non-operating interests in mining projects.

Market cap
$16.87B+60.4%
Revenue$1.3B+71.0%
Net income$633.9M+59.1%
EPS (diluted)$8.27+36.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$458.9M
EPS estimate$2.68

Financials

Q1 2026

Income statement

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Revenue$469.1M+143%
Gross profit$408.8M+142%
Operating income$297.1M+141%
Net income$281.1M+148%
EPS (diluted)$3.30+91.9%

Balance sheet

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Cash & equivalents$234.1M-2.7%
Total debt$595.7M
Total equity$7.4B+132%
Total assets$9.5B+174%

Cash flow

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Operating cash flow$293.6M+115%

Valuation & ratios

Valuation

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Market cap$16.29B+60.4%
Enterprise value$16.65B
P/E25.7×+1.9×
P/S12.5×-0.9×

Profitability

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Gross margin87.2%+0.4pp
Operating margin62.2%-0.3pp
Net margin48.5%-3.6pp

Returns & leverage

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Return on equity11.9%-1.1pp
Debt / equity0.1×
Current ratio3.5×-1.2×

Segments

By product

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Gold$333.9M+129%
Silver$73.0M+209%
Copper$46.7M+178%
Other$15.5M

By geography

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North America$258.0M
EMEA$84.8M
South and Central America$84.0M

Competitors

Profile

Royal Gold is a leading precious metals streaming and royalty company that acquires and manages non-operating interests in mining projects. The company provides upfront capital to mine operators in exchange for the right to purchase metal production at a fixed price or to receive a percentage of mineral revenue. This business model allows for exposure to metal price appreciation and production growth without the direct risks and costs associated with mine operations and capital expenditures.

Competitive position

A major player in the precious metals streaming and royalty sector, characterized by a high-margin, diversified portfolio of interests across various mining jurisdictions and stages of development.

GeographiesNorth America, South America, Central America, EMEA, Australia Pacific
Customer segmentsMining Operators, Junior Miners, Resource Developers
Business modelStreaming and Royalty, Financing, Asset-light
SuppliersMining equipment and labor, Geological data providers, Capital markets for financing
CustomersMetal refineries, Bullion banks, Industrial metal consumers
Listed1981
Employees30.0
CEOWilliam H. Heissenbuttel
IndustryGold
FilingsSEC EDGAR

Questions, answered.

What is Royal Gold's market cap?
Royal Gold (RGLD) has a market capitalization of $16.9B and trades on NASDAQ.
What is Royal Gold's revenue and profitability?
Royal Gold generated $1.3B in trailing twelve-month revenue with net income of $633.9M, representing a net margin of 48.5%. Gross margin stands at 87.2%. These figures are based on the Q1 2026 filing.
Who are Royal Gold's competitors?
Royal Gold's key competitors include Franco-Nevada Corporation, Wheaton Precious Metals Corp., Osisko Gold Royalties Ltd, and others. These companies compete in similar markets and product categories.
Who does Royal Gold partner with?
Royal Gold's notable partners include Kansanshi copper-gold mine, Warintza project.
What subsidiaries does Royal Gold have?
Royal Gold's subsidiaries include Sandstorm Gold Ltd., Horizon Copper Corp.
Where is Royal Gold headquartered?
Royal Gold is headquartered in United States of America and employs approximately 30 people. It has been publicly traded since 1981.