Royal Gold (RGLD) Financials

$180.59 +3.86 (+2.18%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$178.45 -2.14 (-1.19%)

As of 05/23/2025 07:55 PM Eastern

Annual Income Statements for Royal Gold

This table shows Royal Gold's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Income / (Loss) Attributable to Common Shareholders	332	239	239	303	199	94	-113	102	-77	52
Consolidated Net Income / (Loss)	332	240	240	303	196	89	-119	92	-82	53
Net Income / (Loss) Continuing Operations	332	240	240	303	196	89	-119	92	-82	53
Total Pre-Tax Income	426	282	273	340	193	107	-105	119	-22	62
Total Operating Income	430	303	284	338	199	141	-75	146	4.82	87
Total Gross Profit	622	515	509	523	415	346	375	354	289	245
Total Revenue	719	606	603	616	499	423	459	441	360	278
Operating Revenue	719	606	603	616	499	423	459	441	360	278
Total Cost of Revenue	98	91	95	93	84	78	84	87	71	33
Operating Cost of Revenue	98	91	95	93	84	78	84	87	71	33
Total Operating Expenses	192	212	225	219	216	205	450	208	284	157
Selling, General & Admin Expense	41	40	35	28	30	30	35	33	32	25
Depreciation Expense	144	165	179	184	175	163	164	160	141	93
Other Operating Expenses / (Income)	6.62	7.29	7.02	6.74	3.82	4.11	2.27	1.76	3.98	5.45
Impairment Charge	0.00	0.00	4.29	0.00	1.34	0.00	239	0.00	99	31
Total Other Income / (Expense), net	-3.81	-21	-11	36	-6.35	-34	-30	-27	-27	-25
Interest Expense	9.75	31	17	6.42	9.81	30	34	36	33	26
Interest & Investment Income	5.94	9.81	6.33	42	3.46	-4.48	4.17	9.30	3.71	0.88
Income Tax Expense	94	42	33	37	-3.65	17	15	26	61	9.57
Net Income / (Loss) Attributable to Noncontrolling Interest	0.46	0.69	0.96	0.24	-3.09	-4.75	-6.22	-9.11	-5.29	0.71
Basic Earnings per Share	$5.04	$3.64	$3.64	$4.61	$3.04	$1.43	($1.73)	$1.55	($1.18)	$0.80
Weighted Average Basic Shares Outstanding	65.66M	65.61M	65.58M	65.55M	65.52M	65.39M	65.29M	65.15M	65.07M	65.01M
Diluted Earnings per Share	$5.04	$3.63	$3.63	$4.60	$3.03	$1.43	($1.73)	$1.55	($1.18)	$0.80
Weighted Average Diluted Shares Outstanding	65.78M	65.74M	65.66M	65.63M	65.64M	65.51M	65.29M	65.28M	65.07M	65.13M
Weighted Average Basic & Diluted Shares Outstanding	65.76M	65.69M	65.64M	65.61M	65.59M	65.60M	65.40M	65.50M	65.40M	65M
Cash Dividends to Common per Share	$1.65	$1.53	$1.43	$1.18	$1.11	$1.05	$0.99	$0.95	$0.91	$0.87

This table shows Royal Gold's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	113	107	96	81	47	63	49	63	64	56	46
Consolidated Net Income / (Loss)	114	108	96	81	47	63	49	64	64	57	46
Net Income / (Loss) Continuing Operations	114	108	96	81	47	63	49	64	64	57	46
Total Pre-Tax Income	124	134	118	100	74	76	60	66	80	69	57
Total Operating Income	123	133	119	102	76	80	66	72	86	73	62
Total Gross Profit	169	178	167	150	127	132	117	121	145	138	108
Total Revenue	193	203	194	174	149	153	139	144	170	163	131
Operating Revenue	193	203	194	174	149	153	139	144	170	163	131
Total Cost of Revenue	25	24	27	24	22	21	21	23	25	25	23
Operating Cost of Revenue	25	24	27	24	22	21	21	23	25	25	23
Total Operating Expenses	46	45	48	48	52	52	52	49	59	65	46
Selling, General & Admin Expense	11	8.91	10	11	11	9.74	9.93	9.09	11	8.82	7.55
Depreciation Expense	33	34	36	36	39	40	40	38	46	49	38
Other Operating Expenses / (Income)	1.76	2.07	1.52	1.58	1.45	2.36	1.67	1.27	1.99	2.26	1.12
Total Other Income / (Expense), net	0.86	0.15	-1.01	-1.77	-1.18	-3.37	-5.31	-6.27	-6.11	-4.17	-4.89
Interest Expense	1.16	1.42	1.21	2.52	4.61	6.00	7.29	8.41	9.18	6.06	8.81
Interest & Investment Income	2.01	1.57	0.20	0.74	3.42	2.63	1.97	2.14	3.06	1.89	3.93
Income Tax Expense	10	26	22	19	27	13	11	2.03	16	13	11
Net Income / (Loss) Attributable to Noncontrolling Interest	0.08	0.11	0.09	0.11	0.14	0.18	0.16	0.15	0.20	0.33	0.14
Basic Earnings per Share	$1.72	$1.63	$1.46	$1.23	$0.72	$0.95	$0.75	$0.97	$0.97	$0.86	$0.70
Weighted Average Basic Shares Outstanding	65.71M	65.66M	65.67M	65.65M	65.64M	65.61M	65.62M	65.61M	65.59M	65.58M	65.58M
Diluted Earnings per Share	$1.72	$1.63	$1.46	$1.23	$0.72	$0.94	$0.75	$0.97	$0.97	$0.85	$0.70
Weighted Average Diluted Shares Outstanding	65.79M	65.78M	65.80M	65.77M	65.74M	65.74M	65.76M	65.76M	65.71M	65.66M	65.66M
Weighted Average Basic & Diluted Shares Outstanding	65.82M	65.76M	65.76M	65.74M	65.73M	65.69M	65.69M	65.69M	65.68M	65.64M	65.64M
Cash Dividends to Common per Share	$0.45	$0.45	$0.40	$0.40	$0.40	$0.40	$0.38	$0.38	$0.38	$0.38	$0.35

This table details how cash moves in and out of Royal Gold's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Change in Cash & Equivalents	91	-14	-25	-93	200	31	2.90	-31	-626	83
Net Cash From Operating Activities	530	416	417	407	341	253	329	267	169	192
Net Cash From Continuing Operating Activities	530	416	417	407	341	253	329	267	169	192
Net Income / (Loss) Continuing Operations	332	240	240	303	196	89	-119	92	-82	53
Consolidated Net Income / (Loss)	332	240	240	303	196	89	-119	92	-82	53
Depreciation Expense	144	165	179	184	175	163	164	160	141	93
Non-Cash Adjustments To Reconcile Net Income	13	11	15	-33	10	13	247	5.11	106	37
Changes in Operating Assets and Liabilities, net	40	0.10	-17	-46	-41	-28	22	-4.14	-8.24	-2.78
Net Cash From Investing Activities	-78	-2.83	-923	-117	-153	-5.60	-11	-200	-1,010	-51
Net Cash From Continuing Investing Activities	-78	-2.83	-923	-117	-153	-5.60	-11	-200	-1,010	-51
Purchase of Property, Plant & Equipment	-103	-	-922	-168	-	-	-	-	-	-
Other Investing Activities, net	25	-0.15	-0.72	-19	3.13	-4.54	-0.91	3.61	325	9.23
Net Cash From Financing Activities	-360	-427	481	-384	12	-217	-315	-98	214	-58
Net Cash From Continuing Financing Activities	-360	-427	481	-384	12	-217	-315	-98	214	-58
Repayment of Debt	-251	-327	-126	-305	-113	-370	-250	-101	-77	-2.67
Payment of Dividends	-105	-99	-92	-76	-71	-67	-64	-61	-59	-56
Issuance of Debt	0.00	0.00	700	-1.06	200	222	2.83	70	350	-
Issuance of Common Equity	-4.62	-1.38	-1.45	-	-4.18	-	0.00	0.00	-	0.78

This table details how cash moves in and out of Royal Gold's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	45	68	54	-64	34	1.27	-3.26	-21	8.23	-3.65	-158
Net Cash From Operating Activities	136	141	137	114	138	101	98	108	109	101	95
Net Cash From Continuing Operating Activities	136	141	137	114	138	101	98	108	109	101	95
Net Income / (Loss) Continuing Operations	114	108	96	81	47	63	49	64	64	57	46
Consolidated Net Income / (Loss)	114	108	96	81	47	63	49	64	64	57	46
Depreciation Expense	33	34	36	36	39	40	40	38	46	49	38
Non-Cash Adjustments To Reconcile Net Income	3.46	2.83	3.64	3.67	2.76	2.52	3.37	2.68	2.05	6.59	1.98
Changes in Operating Assets and Liabilities, net	-14	-3.04	0.51	-7.22	49	-4.48	5.15	3.23	-3.80	-11	9.32
Net Cash From Investing Activities	-58	-47	-3.43	-51	24	-0.00	-0.01	-2.62	-0.20	-206	-679
Net Cash From Continuing Investing Activities	-58	-47	-3.43	-51	24	-0.00	-0.01	-2.62	-0.20	-206	-679
Purchase of Property, Plant & Equipment	-58	-47	-3.43	-51	-1.10	-	-0.01	-2.67	0.00	-206	-678
Other Investing Activities, net	-0.05	-0.03	-0.01	0.22	25	-0.00	0.00	0.05	-0.20	-0.05	-0.64
Net Cash From Financing Activities	-33	-27	-80	-126	-128	-100	-101	-126	-100	102	425
Net Cash From Continuing Financing Activities	-33	-27	-80	-126	-128	-100	-101	-126	-100	102	425
Repayment of Debt	0.00	-0.64	-50	-100	-100	-77	-75	-100	-75	-76	-50
Repurchase of Common Equity	-3.01	-	-3.13	-0.06	-1.37	-	-1.63	0.65	-0.40	-	-1.55
Payment of Dividends	-30	-26	-26	-26	-26	-25	-25	-25	-25	-23	-23
Issuance of Debt	-0.19	0.48	-0.12	0.07	-0.43	2.27	-0.10	-1.97	-0.20	201	500

This table presents Royal Gold's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Total Assets	3,392	3,361	3,535	2,757	2,766	2,544	2,682	3,094	3,070	2,917
Total Current Assets	275	167	186	216	362	155	126	144	168	797
Cash & Equivalents	195	104	119	144	319	119	89	86	117	743
Inventories, net	13	9.79	13	12	12	11	9.31	7.88	9.49	2.29
Prepaid Expenses	2.22	1.91	2.12	1.84	1.23	0.39	1.35	0.82	0.61	1.51
Current Deferred & Refundable Income Taxes	1.14	2.68	3.07	4.92	2.44	2.70	0.04	22	23	6.42
Other Current Assets	63	49	49	54	28	21	26	27	18	38
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	3,117	3,194	3,349	2,541	2,404	2,389	2,556	2,950	2,902	2,120
Other Noncurrent Operating Assets	3,117	3,194	3,349	2,541	2,404	2,389	2,556	2,950	2,902	2,120
Total Liabilities & Shareholders' Equity	3,392	3,361	3,535	2,757	2,766	2,544	2,682	3,094	3,070	2,917
Total Liabilities	261	460	781	156	464	374	541	774	784	501
Total Current Liabilities	85	72	64	61	44	34	51	34	26	25
Accounts Payable	11	11	6.69	6.48	2.48	2.89	9.09	3.91	4.11	4.91
Dividends Payable	30	26	25	23	18	17	16	16	15	14
Current Deferred & Payable Income Tax Liabilities	23	16	16	19	13	6.97	22	9.08	3.18	-
Other Current Liabilities	22	19	16	13	9.38	6.37	4.41	5.62	3.55	5.72
Total Noncurrent Liabilities	176	388	717	94	421	340	489	740	758	476
Long-Term Debt	0.00	246	572	0.00	300	215	351	586	601	314
Noncurrent Deferred Revenue	25	0.00	-	-	-	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	132	134	138	88	112	126	125	147	151	162
Other Noncurrent Operating Liabilities	18	7.73	7.74	6.69	8.31	0.00	14	6.39	6.44	0.69
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,131	2,901	2,753	2,601	2,302	2,170	2,141	2,320	2,286	2,416
Total Preferred & Common Equity	3,119	2,888	2,741	2,589	2,272	2,137	2,102	2,275	2,229	2,353
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,119	2,888	2,741	2,589	2,272	2,137	2,102	2,275	2,229	2,353
Common Stock	2,229	2,222	2,214	2,207	2,211	2,202	2,193	2,186	2,180	2,171
Retained Earnings	890	667	527	382	61	-66	-90	88	49	185
Noncontrolling Interest	12	12	12	12	30	34	39	45	57	63

This table presents Royal Gold's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,458	3,302	3,269	3,313	3,397	3,440	3,491	3,377
Total Current Assets	316	202	133	193	164	165	189	182
Cash & Equivalents	241	128	74	138	103	106	127	122
Inventories, net	15	12	11	11	9.85	11	12	14
Prepaid Expenses	2.08	2.30	2.39	1.82	2.04	2.38	2.09	2.32
Current Deferred & Refundable Income Taxes	1.37	10	5.64	3.11	14	9.60	1.72	15
Other Current Assets	58	50	40	39	35	36	47	28
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	3,142	3,100	3,136	3,120	3,233	3,274	3,302	3,195
Other Noncurrent Operating Assets	3,142	3,100	3,136	3,120	3,233	3,274	3,302	3,195
Total Liabilities & Shareholders' Equity	3,458	3,302	3,269	3,313	3,397	3,440	3,491	3,377
Total Liabilities	243	251	288	390	535	604	696	657
Total Current Liabilities	67	86	122	77	71	63	55	64
Accounts Payable	2.46	13	13	12	8.63	8.55	7.85	7.33
Dividends Payable	30	26	26	26	25	25	25	23
Current Deferred & Payable Income Tax Liabilities	15	30	18	22	22	16	8.23	22
Other Current Liabilities	19	16	15	17	15	14	14	12
Total Noncurrent Liabilities	176	164	165	313	465	541	641	592
Noncurrent Deferred Revenue	25	25	25	25	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	132	133	133	134	136	136	137	140
Other Noncurrent Operating Liabilities	20	6.52	7.09	7.68	8.16	9.08	7.50	5.85
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,215	3,051	2,981	2,923	2,862	2,836	2,795	2,720
Total Preferred & Common Equity	3,203	3,039	2,969	2,911	2,849	2,824	2,783	2,708
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Common Equity	3,203	3,039	2,969	2,911	2,849	2,824	2,783	2,708
Common Stock	2,229	2,226	2,227	2,224	2,219	2,218	2,216	2,212
Retained Earnings	974	812	742	687	630	605	567	496
Noncontrolling Interest	12	12	12	12	12	12	12	12

This table displays calculated financial ratios and metrics derived from Royal Gold's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.77%	0.42%	-7.71%	31.02%	17.91%	-7.84%	4.14%	22.52%	29.41%	17.23%
EBITDA Growth	22.68%	1.19%	-10.58%	38.20%	17.34%	206.17%	-67.37%	98.08%	-16.29%	-6.89%
EBIT Growth	41.79%	6.87%	-13.61%	65.06%	41.39%	288.78%	-151.07%	1,939.44%	-91.78%	-16.47%
NOPAT Growth	29.99%	3.44%	-9.32%	35.72%	72.37%	325.41%	-145.98%	3,266.10%	-95.43%	-11.28%
Net Income Growth	38.46%	0.08%	-12.73%	40.10%	120.31%	174.64%	-229.13%	212.11%	-256.49%	-17.01%
EPS Growth	38.84%	0.00%	-12.95%	37.62%	111.89%	182.66%	-211.61%	231.36%	-247.50%	-16.67%
Operating Cash Flow Growth	27.35%	-0.37%	-9.64%	35.54%	34.60%	-23.01%	23.22%	57.61%	-11.86%	24.74%
Free Cash Flow Firm Growth	4.39%	183.92%	-620.25%	-47.62%	-27.80%	-30.08%	485.88%	107.90%	-829.89%	62.20%
Invested Capital Growth	-3.37%	-5.02%	30.25%	7.77%	0.83%	-5.66%	-14.68%	1.84%	39.60%	-1.67%
Revenue Q/Q Growth	7.45%	-1.67%	-0.21%	7.26%	0.86%	-0.13%	1.62%	3.48%	6.06%	1.25%
EBITDA Q/Q Growth	9.00%	-0.61%	6.25%	2.15%	1.88%	1.29%	4.32%	3.53%	7.53%	-1.15%
EBIT Q/Q Growth	14.29%	2.10%	8.26%	2.25%	1.97%	3.29%	2.14%	4.36%	85.01%	-4.46%
NOPAT Q/Q Growth	14.24%	2.22%	21.20%	-8.98%	5.38%	2.17%	2.14%	1.72%	24.51%	-7.86%
Net Income Q/Q Growth	15.48%	2.68%	20.18%	-10.50%	13.41%	1.67%	5.67%	-1.33%	3.63%	-3.59%
EPS Q/Q Growth	15.86%	2.54%	20.60%	-10.90%	12.64%	-0.69%	5.98%	-1.27%	7.09%	-3.61%
Operating Cash Flow Q/Q Growth	8.16%	0.01%	9.68%	6.29%	6.00%	-1.84%	3.49%	6.91%	2.89%	2.67%
Free Cash Flow Firm Q/Q Growth	-2.16%	95.36%	19.89%	-73.38%	-17.09%	1.82%	-0.77%	97.46%	-1.99%	27.33%
Invested Capital Q/Q Growth	0.54%	-1.15%	5.35%	10.95%	0.28%	-1.80%	-1.62%	-1.52%	-0.53%	-1.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.45%	85.06%	84.31%	84.93%	83.18%	81.67%	81.74%	80.20%	80.27%	87.97%
EBITDA Margin	79.83%	77.29%	76.70%	79.16%	75.05%	75.42%	22.70%	72.46%	44.82%	69.29%
Operating Margin	59.76%	50.06%	47.03%	50.25%	39.88%	33.26%	-16.24%	33.11%	1.34%	31.38%
EBIT Margin	59.76%	50.06%	47.03%	50.25%	39.88%	33.26%	-16.24%	33.11%	1.99%	31.31%
Profit (Net Income) Margin	46.22%	39.64%	39.78%	42.07%	39.34%	21.06%	-26.00%	20.97%	-22.91%	18.95%
Tax Burden Percent	78.03%	85.11%	87.93%	83.78%	101.90%	83.58%	114.13%	77.76%	378.89%	84.63%
Interest Burden Percent	99.11%	93.05%	96.18%	99.93%	96.81%	75.74%	140.31%	81.45%	-304.05%	71.50%
Effective Tax Rate	21.97%	14.89%	12.07%	16.22%	-1.90%	16.42%	0.00%	22.24%	0.00%	15.37%
Return on Invested Capital (ROIC)	11.12%	8.19%	8.74%	11.51%	8.84%	5.00%	-1.99%	4.04%	0.14%	3.67%
ROIC Less NNEP Spread (ROIC-NNEP)	-258.32%	2.64%	3.40%	11.82%	-2.70%	-9.59%	-18.89%	-0.11%	-219.45%	9.20%
Return on Net Nonoperating Assets (RNNOA)	-0.09%	0.30%	0.23%	-0.29%	-0.07%	-0.87%	-3.37%	-0.02%	-3.65%	-1.47%
Return on Equity (ROE)	11.02%	8.49%	8.96%	11.21%	8.78%	4.13%	-5.35%	4.01%	-3.51%	2.20%
Cash Return on Invested Capital (CROIC)	14.55%	13.35%	-17.54%	4.03%	8.02%	10.83%	13.86%	2.21%	-32.91%	5.36%
Operating Return on Assets (OROA)	12.73%	8.79%	9.02%	11.89%	7.49%	5.38%	-2.58%	4.74%	0.24%	3.00%
Return on Assets (ROA)	9.85%	6.96%	7.63%	9.96%	7.39%	3.41%	-4.13%	3.00%	-2.75%	1.81%
Return on Common Equity (ROCE)	10.98%	8.46%	8.92%	11.12%	8.65%	4.06%	-5.25%	3.92%	-3.42%	2.16%
Return on Equity Simple (ROE_SIMPLE)	10.66%	8.31%	8.75%	10.62%	8.64%	4.17%	-5.68%	4.06%	-3.70%	2.24%
Net Operating Profit after Tax (NOPAT)	335	258	249	275	203	118	-52	113	3.37	74
NOPAT Margin	46.63%	42.60%	41.36%	42.10%	40.64%	27.80%	-11.37%	25.74%	0.94%	26.56%
Net Nonoperating Expense Percent (NNEP)	269.44%	5.55%	5.34%	-0.31%	11.54%	14.59%	16.91%	4.15%	219.60%	-5.53%
Return On Investment Capital (ROIC_SIMPLE)	10.71%	8.20%	7.50%	10.58%	-	-	-	-	-	-
Cost of Revenue to Revenue	13.56%	14.94%	15.69%	15.07%	16.82%	18.33%	18.26%	19.80%	19.73%	12.03%
SG&A Expenses to Revenue	5.69%	6.56%	5.74%	4.48%	6.05%	7.21%	7.73%	7.57%	8.82%	8.95%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.69%	35.00%	37.28%	34.69%	43.30%	48.41%	97.97%	47.10%	78.93%	56.59%
Earnings before Interest and Taxes (EBIT)	430	303	284	328	199	141	-75	146	7.16	87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	574	468	463	517	374	319	104	319	161	193
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.77	2.71	2.62	2.56	3.41	2.96	2.69	2.06	1.92	1.52
Price to Tangible Book Value (P/TBV)	2.77	2.71	2.62	2.56	3.41	2.96	2.69	2.06	1.92	1.52
Price to Revenue (P/Rev)	12.01	12.91	11.92	10.14	15.53	14.93	12.30	10.64	11.88	12.89
Price to Earnings (P/E)	26.03	32.66	30.08	24.18	38.86	67.32	0.00	46.21	0.00	68.96
Dividend Yield	1.22%	1.26%	1.28%	1.19%	0.92%	1.07%	1.14%	1.31%	1.39%	1.58%
Earnings Yield	3.84%	3.06%	3.32%	4.14%	2.57%	1.49%	0.00%	2.16%	0.00%	1.45%
Enterprise Value to Invested Capital (EV/IC)	2.85	2.60	2.37	2.62	3.37	2.82	2.46	1.85	1.73	1.61
Enterprise Value to Revenue (EV/Rev)	11.76	13.17	12.69	9.94	15.55	15.24	12.96	11.88	13.39	11.55
Enterprise Value to EBITDA (EV/EBITDA)	14.73	17.03	16.55	12.55	20.72	20.20	57.10	16.40	29.87	16.67
Enterprise Value to EBIT (EV/EBIT)	19.67	26.30	26.98	19.78	38.99	45.81	0.00	35.88	672.98	36.89
Enterprise Value to NOPAT (EV/NOPAT)	25.21	30.90	30.68	23.60	38.27	54.81	0.00	46.15	1,428.52	43.49
Enterprise Value to Operating Cash Flow (EV/OCF)	15.97	19.18	18.34	14.06	22.77	25.46	18.09	19.63	28.44	16.72
Enterprise Value to Free Cash Flow (EV/FCFF)	19.27	18.97	0.00	67.44	42.20	25.31	16.34	84.25	0.00	29.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.08	0.21	0.00	0.13	0.10	0.16	0.25	0.26	0.13
Long-Term Debt to Equity	0.00	0.08	0.21	0.00	0.13	0.10	0.16	0.25	0.26	0.13
Financial Leverage	0.00	0.11	0.07	-0.02	0.03	0.09	0.18	0.22	0.02	-0.16
Leverage Ratio	1.12	1.22	1.18	1.13	1.19	1.21	1.29	1.34	1.27	1.21
Compound Leverage Factor	1.11	1.13	1.13	1.13	1.15	0.92	1.82	1.09	-3.87	0.87
Debt to Total Capital	0.00%	7.82%	17.19%	0.00%	11.54%	9.00%	14.08%	20.17%	20.81%	11.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	7.82%	17.19%	0.00%	11.54%	9.00%	14.08%	20.17%	20.81%	11.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.39%	0.39%	0.37%	0.48%	1.15%	1.42%	1.57%	1.54%	1.97%	2.30%
Common Equity to Total Capital	99.61%	91.79%	82.44%	99.52%	87.31%	89.59%	84.35%	78.29%	77.22%	86.20%
Debt to EBITDA	0.00	0.53	1.24	0.00	0.80	0.67	3.37	1.84	3.73	1.63
Net Debt to EBITDA	0.00	0.30	0.98	0.00	-0.05	0.30	2.52	1.57	3.00	-2.26
Long-Term Debt to EBITDA	0.00	0.53	1.24	0.00	0.80	0.67	3.37	1.84	3.73	1.63
Debt to NOPAT	0.00	0.95	2.29	0.00	1.48	1.82	-6.73	5.17	178.18	4.25
Net Debt to NOPAT	0.00	0.55	1.82	0.00	-0.09	0.81	-5.03	4.41	143.58	-5.90
Long-Term Debt to NOPAT	0.00	0.95	2.29	0.00	1.48	1.82	-6.73	5.17	178.18	4.25
Altman Z-Score	20.94	10.98	6.21	26.40	10.60	10.51	6.33	4.02	3.47	4.89
Noncontrolling Interest Sharing Ratio	0.41%	0.44%	0.46%	0.86%	1.42%	1.69%	1.88%	2.21%	2.55%	1.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.23	2.31	2.92	3.52	8.31	4.60	2.45	4.19	6.50	31.92
Quick Ratio	2.30	1.44	1.86	2.34	7.33	3.55	1.73	2.50	4.51	30.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	439	420	-501	96	184	255	364	62	-787	108
Operating Cash Flow to CapEx	516.27%	0.00%	45.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	45.02	13.62	-29.18	16.74	18.73	8.59	10.64	1.71	-24.11	4.19
Operating Cash Flow to Interest Expense	54.31	13.47	24.31	80.28	34.72	8.54	9.61	7.34	5.19	7.48
Operating Cash Flow Less CapEx to Interest Expense	43.79	13.47	-29.40	80.28	34.72	8.54	9.61	7.34	5.19	7.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.18	0.19	0.24	0.19	0.16	0.16	0.14	0.12	0.10
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	8.57	8.07	7.80	8.46	7.28	7.49	9.75	10.05	12.05	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	8.86	9.99	14.38	21.98	31.22	12.94	12.90	21.76	15.73	7.60
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	42.60	45.25	46.79	43.14	50.15	48.70	37.43	36.33	30.28	0.00
Days Payable Outstanding (DPO)	41.21	36.55	25.38	16.60	11.69	28.20	28.29	16.78	23.20	48.06
Cash Conversion Cycle (CCC)	1.39	8.70	21.41	26.54	38.46	20.50	9.13	19.55	7.07	-48.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,965	3,069	3,231	2,481	2,302	2,283	2,420	2,836	2,785	1,995
Invested Capital Turnover	0.24	0.19	0.21	0.27	0.22	0.18	0.17	0.16	0.15	0.14
Increase / (Decrease) in Invested Capital	-103	-162	750	179	19	-137	-416	51	790	-34
Enterprise Value (EV)	8,458	7,975	7,655	6,494	7,758	6,445	5,950	5,237	4,816	3,211
Market Capitalization	8,641	7,820	7,189	6,625	7,746	6,317	5,648	4,692	4,275	3,583
Book Value per Share	$47.50	$43.97	$41.76	$39.44	$34.65	$32.61	$32.12	$34.82	$34.15	$36.10
Tangible Book Value per Share	$47.50	$43.97	$41.76	$39.44	$34.65	$32.61	$32.12	$34.82	$34.15	$36.10
Total Capital	3,131	3,147	3,325	2,601	2,603	2,385	2,492	2,906	2,887	2,730
Total Debt	0.00	246	572	0.00	300	215	351	586	601	314
Total Long-Term Debt	0.00	246	572	0.00	300	215	351	586	601	314
Net Debt	-195	142	453	-144	-19	95	262	500	484	-435
Capital Expenditures (CapEx)	103	0.00	922	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.36	-9.16	3.66	11	-0.53	1.59	-14	23	25	23
Debt-free Net Working Capital (DFNWC)	190	95	122	155	319	121	74	109	142	772
Net Working Capital (NWC)	190	95	122	155	319	121	74	109	142	772
Net Nonoperating Expense (NNE)	2.97	18	9.53	0.19	6.47	29	67	21	86	21
Net Nonoperating Obligations (NNO)	-166	168	478	-121	-0.33	112	279	516	499	-421
Total Depreciation and Amortization (D&A)	144	165	179	189	175	178	179	173	154	106
Debt-free, Cash-free Net Working Capital to Revenue	-0.75%	-1.51%	0.61%	1.69%	-0.11%	0.38%	-3.12%	5.33%	7.08%	8.25%
Debt-free Net Working Capital to Revenue	26.43%	15.68%	20.27%	23.65%	63.87%	28.62%	16.21%	24.80%	39.49%	277.70%
Net Working Capital to Revenue	26.43%	15.68%	20.27%	23.65%	63.87%	28.62%	16.21%	24.80%	39.49%	277.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.04	$3.64	$3.64	$0.00	$3.04	$1.43	($1.73)	$1.55	($1.18)	$0.80
Adjusted Weighted Average Basic Shares Outstanding	65.66M	65.61M	65.58M	0.00	65.52M	65.39M	65.29M	65.15M	65.07M	65.01M
Adjusted Diluted Earnings per Share	$5.04	$3.63	$3.63	$0.00	$3.03	$1.43	($1.73)	$1.55	($1.18)	$0.80
Adjusted Weighted Average Diluted Shares Outstanding	65.78M	65.74M	65.66M	0.00	65.64M	65.51M	65.29M	65.28M	65.07M	65.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.43	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	65.76M	65.69M	65.64M	0.00	65.59M	65.56M	65.51M	65.34M	65.27M	65.19M
Normalized Net Operating Profit after Tax (NOPAT)	335	258	253	275	140	118	115	113	72	100
Normalized NOPAT Margin	46.63%	42.60%	41.98%	42.10%	28.11%	27.80%	25.14%	25.74%	20.12%	36.09%
Pre Tax Income Margin	59.23%	46.58%	45.24%	50.21%	38.61%	25.19%	-22.78%	26.97%	-6.05%	22.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	44.10	9.82	16.52	57.08	20.27	4.75	-2.18	4.01	0.22	3.39
NOPAT to Interest Expense	34.41	8.36	14.53	47.82	20.66	3.97	-1.52	3.12	0.10	2.87
EBIT Less CapEx to Interest Expense	33.58	9.82	-37.18	57.08	20.27	4.75	-2.18	4.01	0.22	3.39
NOPAT Less CapEx to Interest Expense	23.89	8.36	-39.18	47.82	20.66	3.97	-1.52	3.12	0.10	2.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.65%	41.05%	38.31%	28.64%	36.42%	75.75%	-53.72%	66.43%	-71.23%	106.41%
Augmented Payout Ratio	31.65%	41.05%	38.31%	28.64%	36.42%	77.54%	-57.11%	69.05%	-71.66%	106.41%

This table displays calculated financial ratios and metrics derived from Royal Gold's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.91%	32.68%	39.84%	20.86%	-12.61%	-6.33%	5.47%	-1.64%	4.95%	-0.76%	-24.65%
EBITDA Growth	36.59%	39.58%	46.71%	24.95%	-13.67%	-2.34%	6.16%	-1.42%	2.97%	28.52%	-27.97%
EBIT Growth	63.01%	67.46%	81.27%	41.99%	-12.24%	8.49%	6.13%	5.88%	6.80%	41.80%	-29.47%
NOPAT Growth	134.68%	63.36%	80.37%	18.78%	-30.32%	9.36%	7.99%	-5.90%	5.46%	264.78%	-29.95%
Net Income Growth	140.08%	70.77%	94.61%	27.86%	-26.16%	11.04%	7.76%	-10.86%	-2.87%	245.47%	-34.55%
EPS Growth	138.89%	73.40%	94.67%	26.80%	-25.77%	10.59%	7.14%	-10.19%	-3.00%	269.57%	-34.58%
Operating Cash Flow Growth	-1.38%	39.53%	39.27%	5.18%	27.27%	0.06%	3.30%	-10.21%	7.44%	57.41%	-26.87%
Free Cash Flow Firm Growth	-76.16%	-7.58%	1,418.91%	138.89%	144.04%	133.04%	102.12%	-406.88%	-251.30%	-325.21%	-697.67%
Invested Capital Growth	1.56%	-3.37%	-4.99%	-5.29%	-7.26%	-5.02%	1.22%	29.15%	28.33%	30.25%	37.18%
Revenue Q/Q Growth	-4.50%	4.50%	11.34%	16.92%	-2.47%	10.14%	-3.77%	-15.46%	4.55%	24.01%	-10.25%
EBITDA Q/Q Growth	-6.63%	7.84%	12.47%	20.60%	-4.58%	13.35%	-4.21%	-16.67%	7.94%	23.22%	-11.04%
EBIT Q/Q Growth	-7.74%	12.28%	16.42%	35.16%	-5.23%	21.55%	-8.81%	-16.45%	17.16%	18.91%	-9.03%
NOPAT Q/Q Growth	5.03%	10.54%	17.40%	72.19%	-26.89%	22.06%	-22.69%	1.02%	14.73%	20.53%	-32.63%
Net Income Q/Q Growth	5.63%	11.62%	18.46%	71.89%	-24.86%	27.20%	-22.17%	-0.74%	13.00%	23.45%	-35.62%
EPS Q/Q Growth	5.52%	11.64%	18.70%	70.83%	-23.40%	25.33%	-22.68%	0.00%	14.12%	21.43%	-35.19%
Operating Cash Flow Q/Q Growth	-3.32%	3.22%	20.38%	-17.91%	36.80%	3.02%	-9.08%	-0.67%	7.55%	6.35%	-20.97%
Free Cash Flow Firm Q/Q Growth	-68.37%	-16.37%	1.07%	-10.84%	22.64%	1,274.44%	102.59%	-0.94%	7.99%	11.64%	-517.63%
Invested Capital Q/Q Growth	1.31%	0.54%	-1.14%	0.86%	-3.61%	-1.15%	-1.45%	-1.24%	-1.28%	5.35%	25.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	87.33%	87.96%	85.97%	86.11%	85.39%	86.39%	84.60%	83.78%	85.32%	84.68%	82.33%
EBITDA Margin	80.70%	82.53%	79.98%	79.17%	76.76%	78.46%	76.23%	76.58%	77.69%	75.25%	75.73%
Operating Margin	63.64%	65.88%	61.31%	58.64%	50.72%	52.20%	47.30%	49.91%	50.50%	45.07%	47.00%
EBIT Margin	63.64%	65.88%	61.31%	58.64%	50.72%	52.20%	47.30%	49.91%	50.50%	45.07%	47.00%
Profit (Net Income) Margin	58.72%	53.08%	49.70%	46.71%	31.77%	41.24%	35.71%	44.15%	37.60%	34.79%	34.95%
Tax Burden Percent	91.62%	80.48%	81.75%	81.07%	63.64%	82.50%	82.15%	96.91%	80.15%	81.84%	80.74%
Interest Burden Percent	100.70%	100.12%	99.15%	98.26%	98.43%	95.77%	91.90%	91.28%	92.90%	94.32%	92.09%
Effective Tax Rate	8.38%	19.52%	18.25%	18.93%	36.36%	17.50%	17.85%	3.09%	19.85%	18.16%	19.26%
Return on Invested Capital (ROIC)	14.94%	12.64%	11.09%	9.52%	6.14%	8.28%	7.76%	10.54%	8.72%	7.79%	8.65%
ROIC Less NNEP Spread (ROIC-NNEP)	14.05%	23.88%	9.92%	8.61%	5.78%	7.42%	6.28%	-11.00%	4.53%	5.88%	3.12%
Return on Net Nonoperating Assets (RNNOA)	-0.40%	0.01%	0.24%	0.47%	0.43%	0.85%	0.66%	-0.11%	0.19%	0.39%	0.09%
Return on Equity (ROE)	14.54%	12.65%	11.32%	9.99%	6.57%	9.13%	8.42%	10.43%	8.91%	8.18%	8.74%
Cash Return on Invested Capital (CROIC)	11.88%	14.55%	14.82%	13.59%	15.23%	13.35%	6.97%	-16.55%	-15.88%	-17.54%	-23.59%
Operating Return on Assets (OROA)	14.36%	14.04%	12.26%	10.74%	8.71%	9.17%	8.60%	9.66%	9.83%	8.64%	9.27%
Return on Assets (ROA)	13.25%	11.31%	9.93%	8.55%	5.46%	7.25%	6.49%	8.54%	7.32%	6.67%	6.89%
Return on Common Equity (ROCE)	14.48%	12.60%	11.28%	9.95%	6.54%	9.09%	8.38%	10.38%	8.87%	8.14%	8.70%
Return on Equity Simple (ROE_SIMPLE)	12.45%	0.00%	9.48%	8.12%	7.67%	0.00%	8.21%	8.16%	8.56%	0.00%	7.37%
Net Operating Profit after Tax (NOPAT)	113	107	97	83	48	66	54	70	69	60	50
NOPAT Margin	58.31%	53.02%	50.12%	47.54%	32.28%	43.06%	38.86%	48.37%	40.48%	36.89%	37.95%
Net Nonoperating Expense Percent (NNEP)	0.89%	-11.24%	1.17%	0.91%	0.35%	0.86%	1.48%	21.54%	4.19%	1.91%	5.53%
Return On Investment Capital (ROIC_SIMPLE)	3.51%	3.43%	-	-	-	2.09%	-	-	-	1.81%	-
Cost of Revenue to Revenue	12.67%	12.04%	14.03%	13.89%	14.61%	13.61%	15.40%	16.22%	14.68%	15.32%	17.67%
SG&A Expenses to Revenue	5.72%	4.40%	5.21%	6.04%	7.66%	6.38%	7.16%	6.31%	6.46%	5.41%	5.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.69%	22.08%	24.66%	27.48%	34.67%	34.19%	37.30%	33.86%	34.81%	39.61%	35.33%
Earnings before Interest and Taxes (EBIT)	123	133	119	102	76	80	66	72	86	73	62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	156	167	155	138	114	120	106	110	132	123	100
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.35	2.77	3.03	2.76	0.00	2.71	2.41	2.63	3.00	2.62	2.22
Price to Tangible Book Value (P/TBV)	3.35	2.77	3.03	2.76	0.00	2.71	2.41	2.63	3.00	2.62	2.22
Price to Revenue (P/Rev)	14.04	12.01	13.74	13.35	0.00	12.91	11.16	12.18	13.66	11.92	9.93
Price to Earnings (P/E)	26.92	26.03	32.00	34.10	0.00	32.66	29.49	32.31	35.21	30.08	30.24
Dividend Yield	1.01%	1.22%	1.13%	1.24%	1.26%	1.26%	1.41%	1.28%	1.12%	1.28%	1.48%
Earnings Yield	3.71%	3.84%	3.12%	2.93%	0.00%	3.06%	3.39%	3.10%	2.84%	3.32%	3.31%
Enterprise Value to Invested Capital (EV/IC)	3.49	2.85	3.08	2.75	0.00	2.60	2.29	2.45	2.74	2.37	2.07
Enterprise Value to Revenue (EV/Rev)	13.74	11.76	13.56	13.33	0.00	13.17	11.53	12.67	14.29	12.69	10.48
Enterprise Value to EBITDA (EV/EBITDA)	17.03	14.73	17.23	17.15	0.00	17.03	15.08	16.60	18.72	16.55	14.55
Enterprise Value to EBIT (EV/EBIT)	21.98	19.67	24.14	25.37	0.00	26.30	23.92	26.32	30.20	26.98	24.18
Enterprise Value to NOPAT (EV/NOPAT)	26.22	25.21	30.93	32.75	0.00	30.90	28.13	31.05	34.45	30.68	30.78
Enterprise Value to Operating Cash Flow (EV/OCF)	19.89	15.97	18.55	18.16	0.00	19.18	17.08	18.70	20.56	18.34	16.65
Enterprise Value to Free Cash Flow (EV/FCFF)	29.64	19.27	20.25	19.65	0.00	18.97	33.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.02	0.05	0.08	0.11	0.14	0.18	0.21	0.16
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.05	0.08	0.11	0.14	0.18	0.21	0.16
Financial Leverage	-0.03	0.00	0.02	0.05	0.08	0.11	0.11	0.01	0.04	0.07	0.03
Leverage Ratio	1.10	1.12	1.13	1.15	1.19	1.22	1.21	1.14	1.15	1.18	1.19
Compound Leverage Factor	1.11	1.12	1.12	1.13	1.17	1.17	1.12	1.04	1.07	1.11	1.09
Debt to Total Capital	0.00%	0.00%	0.00%	1.65%	4.76%	7.82%	10.08%	12.24%	15.09%	17.19%	14.10%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	4.76%	7.82%	10.08%	12.24%	15.09%	17.19%	14.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.38%	0.39%	0.40%	0.41%	0.40%	0.39%	0.39%	0.38%	0.38%	0.37%	0.39%
Common Equity to Total Capital	99.62%	99.61%	99.60%	97.94%	94.84%	91.79%	89.53%	87.38%	84.53%	82.44%	85.51%
Debt to EBITDA	0.00	0.00	0.00	0.10	0.32	0.53	0.68	0.85	1.07	1.24	1.03
Net Debt to EBITDA	0.00	0.00	0.00	-0.05	0.02	0.30	0.46	0.62	0.79	0.98	0.74
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.32	0.53	0.68	0.85	1.07	1.24	1.03
Debt to NOPAT	0.00	0.00	0.00	0.20	0.62	0.95	1.27	1.59	1.96	2.29	2.17
Net Debt to NOPAT	0.00	0.00	0.00	-0.10	0.03	0.55	0.86	1.16	1.46	1.82	1.57
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.62	0.95	1.27	1.59	1.96	2.29	2.17
Altman Z-Score	27.28	20.65	22.72	17.71	0.00	10.76	8.24	7.90	7.73	6.01	5.97
Noncontrolling Interest Sharing Ratio	0.40%	0.41%	0.42%	0.42%	0.43%	0.44%	0.44%	0.45%	0.46%	0.46%	0.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.74	3.23	2.34	1.09	2.50	2.31	2.31	2.62	3.44	2.92	2.82
Quick Ratio	3.61	2.30	1.48	0.61	1.79	1.44	1.45	1.68	2.31	1.86	1.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	67	211	252	249	280	228	17	-641	-635	-690	-781
Operating Cash Flow to CapEx	234.13%	300.87%	3,987.48%	221.92%	12,525.72%	0.00%	1,226,525.00%	4,042.21%	0.00%	48.96%	14.01%
Free Cash Flow to Firm to Interest Expense	57.69	148.56	208.84	99.12	60.72	38.02	2.28	-76.26	-69.23	-113.92	-88.65
Operating Cash Flow to Interest Expense	117.97	99.40	113.22	45.12	30.02	16.85	13.47	12.84	11.84	16.67	10.78
Operating Cash Flow Less CapEx to Interest Expense	67.58	66.37	110.38	24.79	29.78	16.85	13.47	12.52	11.84	-17.38	-66.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.21	0.20	0.18	0.17	0.18	0.18	0.19	0.19	0.19	0.20
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	7.72	8.57	8.75	8.17	7.58	8.07	8.05	8.11	9.66	7.80	6.69
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	14.26	8.86	8.59	8.09	8.97	9.99	11.87	12.37	13.74	14.38	16.11
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	47.27	42.60	41.73	44.68	48.14	45.25	45.36	45.03	37.79	46.79	54.52
Days Payable Outstanding (DPO)	25.60	41.21	42.51	45.14	40.68	36.55	30.75	29.51	26.56	25.38	22.66
Cash Conversion Cycle (CCC)	21.68	1.39	-0.78	-0.45	7.46	8.70	14.61	15.51	11.23	21.41	31.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,004	2,965	2,949	2,983	2,958	3,069	3,104	3,150	3,190	3,231	3,067
Invested Capital Turnover	0.26	0.24	0.22	0.20	0.19	0.19	0.20	0.22	0.22	0.21	0.23
Increase / (Decrease) in Invested Capital	46	-103	-155	-167	-232	-162	37	711	704	750	831
Enterprise Value (EV)	10,495	8,458	9,081	8,190	0.00	7,975	7,102	7,716	8,733	7,655	6,336
Market Capitalization	10,723	8,641	9,197	8,202	0.00	7,820	6,872	7,414	8,351	7,189	5,999
Book Value per Share	$48.71	$47.50	$46.22	$45.17	$44.35	$43.97	$43.38	$42.99	$42.39	$41.76	$41.25
Tangible Book Value per Share	$48.71	$47.50	$46.22	$45.17	$44.35	$43.97	$43.38	$42.99	$42.39	$41.76	$41.25
Total Capital	3,215	3,131	3,051	3,031	3,070	3,147	3,183	3,231	3,292	3,325	3,166
Total Debt	0.00	0.00	0.00	50	146	246	321	396	497	572	446
Total Long-Term Debt	0.00	0.00	0.00	0.00	146	246	321	396	497	572	446
Net Debt	-241	-195	-128	-24	8.24	142	218	289	370	453	324
Capital Expenditures (CapEx)	58	47	3.43	51	1.10	0.00	0.01	2.67	0.00	206	678
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.97	-5.36	-12	-13	-22	-9.16	-9.98	-3.98	7.35	3.66	-4.93
Debt-free Net Working Capital (DFNWC)	250	190	116	61	116	95	93	102	134	122	117
Net Working Capital (NWC)	250	190	116	11	116	95	93	102	134	122	117
Net Nonoperating Expense (NNE)	-0.78	-0.12	0.82	1.44	0.75	2.78	4.36	6.07	4.90	3.42	3.95
Net Nonoperating Obligations (NNO)	-211	-166	-102	2.08	35	168	242	314	395	478	347
Total Depreciation and Amortization (D&A)	33	34	36	36	39	40	40	38	46	49	38
Debt-free, Cash-free Net Working Capital to Revenue	1.17%	-0.75%	-1.81%	-2.14%	-3.77%	-1.51%	-1.62%	-0.65%	1.20%	0.61%	-0.82%
Debt-free Net Working Capital to Revenue	32.69%	26.43%	17.29%	9.95%	19.84%	15.68%	15.08%	16.78%	21.95%	20.27%	19.41%
Net Working Capital to Revenue	32.69%	26.43%	17.29%	1.81%	19.84%	15.68%	15.08%	16.78%	21.95%	20.27%	19.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.72	$1.63	$1.46	$1.23	$0.72	$0.95	$0.75	$0.97	$0.97	$0.86	$0.70
Adjusted Weighted Average Basic Shares Outstanding	65.71M	65.66M	65.67M	65.65M	65.64M	65.61M	65.62M	65.61M	65.59M	65.58M	65.58M
Adjusted Diluted Earnings per Share	$1.72	$1.63	$1.46	$1.23	$0.72	$0.94	$0.75	$0.97	$0.97	$0.85	$0.70
Adjusted Weighted Average Diluted Shares Outstanding	65.79M	65.78M	65.80M	65.77M	65.74M	65.74M	65.76M	65.76M	65.71M	65.66M	65.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	65.82M	65.76M	65.76M	65.74M	65.73M	65.69M	65.69M	65.69M	65.68M	65.64M	65.64M
Normalized Net Operating Profit after Tax (NOPAT)	113	107	97	83	48	66	54	70	69	60	50
Normalized NOPAT Margin	58.31%	53.02%	50.12%	47.54%	32.28%	43.06%	38.86%	48.37%	40.48%	36.89%	37.95%
Pre Tax Income Margin	64.09%	65.96%	60.79%	57.62%	49.93%	49.99%	43.47%	45.56%	46.92%	42.51%	43.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	106.50	94.04	98.46	40.57	16.39	13.28	9.00	8.55	9.38	12.12	7.01
NOPAT to Interest Expense	97.57	75.68	80.49	32.89	10.43	10.96	7.39	8.29	7.52	9.92	5.66
EBIT Less CapEx to Interest Expense	56.11	61.00	95.62	20.24	16.15	13.28	9.00	8.23	9.38	-21.93	-69.91
NOPAT Less CapEx to Interest Expense	47.19	42.65	77.65	12.56	10.19	10.96	7.39	7.97	7.52	-24.13	-71.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.22%	31.65%	35.97%	42.27%	44.87%	41.05%	41.44%	41.36%	39.31%	38.31%	43.07%
Augmented Payout Ratio	27.22%	31.65%	35.97%	42.27%	44.87%	41.05%	41.44%	41.36%	39.31%	38.31%	43.07%

Frequently Asked Questions About Royal Gold's Financials

When does Royal Gold's financial year end?

According to the most recent income statement we have on file, Royal Gold's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Royal Gold's net income changed over the last 9 years?

Royal Gold's net income appears to be on an upward trend, with a most recent value of $332.48 million in 2024, rising from $52.68 million in 2015. The previous period was $240.13 million in 2023. View Royal Gold's forecast to see where analysts expect Royal Gold to go next.

What is Royal Gold's operating income?

Royal Gold's total operating income in 2024 was $429.90 million, based on the following breakdown:

Total Gross Profit: $621.88 million
Total Operating Expenses: $191.98 million

How has Royal Gold revenue changed over the last 9 years?

Over the last 9 years, Royal Gold's total revenue changed from $278.02 million in 2015 to $719.40 million in 2024, a change of 158.8%.

How much debt does Royal Gold have?

Royal Gold's total liabilities were at $260.92 million at the end of 2024, a 43.3% decrease from 2023, and a 47.9% decrease since 2015.

How much cash does Royal Gold have?

In the past 9 years, Royal Gold's cash and equivalents has ranged from $85.85 million in 2017 to $742.85 million in 2015, and is currently $195.50 million as of their latest financial filing in 2024.

How has Royal Gold's book value per share changed over the last 9 years?

Over the last 9 years, Royal Gold's book value per share changed from 36.10 in 2015 to 47.50 in 2024, a change of 31.6%.

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This page (NASDAQ:RGLD) was last updated on 5/25/2025 by MarketBeat.com Staff

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Royal Gold (RGLD) Financials

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Royal Gold (RGLD) Financials

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