Last 47 quarters of trend data · Basic Materials · Gold
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 35.07 | 17.95 | 19.28 | 47.91 | 26.12 | 22.12 | 23.77 | 20.22 | 24.02 | 25.44 | 42.30 | 31.50 | 35.44 | 29.58 | 33.43 | 32.77 | 33.51 | 24.72 | 35.32 | 25.05 | 22.31 |
| — | -18.8% | -18.9% | +136.9% | +8.7% | -13.0% | -43.8% | -35.8% | -32.2% | -14.0% | +26.5% | -3.9% | +5.8% | +19.7% | -5.3% | +30.8% | +50.2% | +7.4% | +7.6% | -14.3% | +21.1% | |
| P/S Ratio | 19.32 | 9.42 | 11.53 | 11.95 | 13.10 | 13.96 | 14.03 | 10.71 | 12.00 | 11.93 | 13.58 | 13.02 | 12.76 | 13.22 | 12.65 | 11.51 | 11.82 | 12.09 | 14.48 | 10.39 | 8.98 |
| — | -32.5% | -17.8% | +11.6% | +9.1% | +17.0% | +3.3% | -17.8% | -6.0% | -9.8% | +7.3% | +13.1% | +8.0% | +9.3% | -12.6% | +10.8% | +31.6% | +8.5% | +15.4% | -5.7% | -33.1% | |
| P/B Ratio | 2.27 | 2.22 | 2.90 | 2.49 | 3.86 | 3.53 | 3.35 | 2.77 | 3.03 | 2.76 | 2.74 | 2.74 | 2.44 | 2.66 | 3.05 | 2.69 | 2.26 | 2.60 | 3.50 | 2.65 | 2.45 |
| — | -36.9% | -13.3% | -10.2% | +27.7% | +27.7% | +22.1% | +1.1% | +23.8% | +3.7% | -10.2% | +2.0% | +7.9% | +2.3% | -13.0% | +1.3% | -7.7% | -13.1% | +21.1% | -4.8% | -26.5% | |
| P/FCF | — | 6.75 | 18.43 | 18.57 | — | 73.03 | 34.43 | 23.03 | 17.32 | 33.00 | 14.59 | 19.66 | 17.82 | 17.93 | 19.61 | — | — | 14.59 | 36.61 | 49.04 | — |
| — | -90.8% | -46.5% | -19.4% | — | +121.3% | +135.9% | +17.1% | -2.8% | +84.1% | -25.6% | — | — | +22.9% | -46.4% | — | — | -72.6% | +21.5% | +75.3% | — | |
| EV / EBITDA | 24.53 | 11.43 | 14.18 | 15.32 | 16.59 | 16.56 | 16.84 | 12.68 | 14.68 | 14.80 | 17.53 | 16.89 | 17.06 | 17.76 | 16.79 | 15.47 | 16.29 | 15.04 | 17.68 | 12.70 | 11.23 |
| — | -31.0% | -15.8% | +20.8% | +13.0% | +11.9% | -3.9% | -24.9% | -13.9% | -16.7% | +4.4% | +9.2% | +4.7% | +18.1% | -5.0% | +21.8% | +45.0% | +11.0% | +16.2% | -5.7% | -13.2% | |
| EV / EBIT | 31.06 | 16.68 | 17.17 | 29.45 | 20.40 | 19.81 | 21.01 | 15.70 | 19.12 | 19.99 | 25.38 | 24.58 | 27.49 | 27.25 | 25.84 | 26.73 | 26.24 | 24.79 | 28.20 | 20.13 | 17.54 |
| — | -15.8% | -18.3% | +87.6% | +6.7% | -0.9% | -17.2% | -36.1% | -30.5% | -26.6% | -1.7% | -8.1% | +4.8% | +10.0% | -8.4% | +32.8% | +49.6% | +20.9% | +17.2% | -7.5% | -3.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.3% | 64.6% | 67.1% | 64.5% | 73.5% | 72.6% | 87.2% | 70.3% | 85.9% | 86.0% | 85.2% | 58.6% | 84.4% | 83.6% | 85.1% | 84.5% | 82.2% | 83.6% | 85.9% | 84.9% | 54.2% |
| — | -11.0% | -23.1% | -8.2% | -14.4% | -15.6% | +2.3% | +20.0% | +1.7% | +2.8% | +0.1% | -30.6% | +2.7% | +0.1% | -0.8% | -0.5% | +51.6% | +50.7% | +1.3% | +59.8% | +3.0% | |
| Operating Margin | 64.5% | 62.1% | 63.3% | 59.8% | 69.5% | 67.7% | 64.2% | 65.9% | 61.8% | 59.2% | 51.2% | 52.2% | 47.9% | 50.4% | 51.1% | 45.7% | 47.4% | 46.8% | 50.3% | 50.5% | 50.1% |
| — | -8.2% | -1.4% | -9.2% | +12.4% | +14.3% | +25.4% | +26.2% | +29.1% | +17.5% | +0.2% | +14.2% | +1.0% | +7.5% | +1.6% | -9.5% | -5.4% | -8.5% | -0.3% | +3.4% | -28.7% | |
| Net Margin | 45.2% | 52.5% | 59.9% | 24.9% | 50.3% | 63.1% | 59.2% | 53.0% | 50.0% | 47.1% | 32.0% | 41.1% | 36.0% | 44.4% | 37.9% | 35.1% | 35.1% | 49.1% | 41.0% | 41.0% | 40.2% |
| — | -16.9% | +1.2% | -53.0% | +0.5% | +34.1% | +85.1% | +28.9% | +38.9% | +5.9% | -15.7% | +17.2% | +2.5% | -9.4% | -7.5% | -14.5% | -12.7% | +0.9% | +6.8% | +8.5% | -44.7% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.0% | 3.1% | 3.8% | 1.8% | 3.8% | 4.1% | 3.6% | 3.5% | 3.2% | 2.8% | 1.6% | 2.2% | 1.7% | 2.3% | 2.3% | 2.1% | 1.7% | 2.7% | 2.5% | 2.6% | 2.8% |
| — | -22.7% | +7.2% | -49.3% | +18.0% | +47.3% | +120.8% | +59.5% | +84.3% | +22.1% | -29.7% | +5.8% | +2.4% | -15.4% | -8.0% | -22.1% | -39.1% | -19.4% | +14.5% | +7.4% | -39.5% | |
| ROA | 7.2% | 2.5% | 3.0% | 1.3% | 3.2% | 3.8% | 3.3% | 3.2% | 2.9% | 2.5% | 1.4% | 1.9% | 1.4% | 1.8% | 1.8% | 1.6% | 1.5% | 2.5% | 2.4% | 2.5% | 2.6% |
| — | -33.7% | -10.8% | -58.3% | +7.7% | +52.6% | +134.5% | +72.7% | +103.0% | +34.8% | -22.3% | +13.9% | -1.8% | -27.4% | -23.2% | -33.4% | -42.8% | -16.6% | +18.5% | +11.5% | -33.1% | |
| ROIC | 9.2% | 2.7% | 2.8% | 2.8% | 3.7% | 3.5% | 3.1% | 3.4% | 3.1% | 2.6% | 1.9% | 2.0% | 1.6% | 1.7% | 2.0% | 1.8% | 1.7% | 2.1% | 2.5% | 2.5% | 2.8% |
| — | -23.9% | -9.5% | -17.5% | +21.3% | +34.2% | +64.8% | +75.0% | +92.9% | +53.0% | -6.4% | +10.8% | -6.6% | -17.9% | -17.5% | -30.7% | -38.3% | -27.2% | +3.6% | -1.3% | -20.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.05 | 0.08 | 0.13 | 0.23 | — | — | — | — | — | 0.05 | 0.08 | 0.11 | 0.14 | 0.18 | 0.21 | 0.16 | — | — | — | 0.04 |
| — | — | — | — | — | — | — | — | — | — | -71.9% | -59.2% | -31.7% | — | — | — | +339.4% | — | — | — | -67.4% | |
| Debt / EBITDA | 1.15 | 1.05 | 1.54 | 3.17 | 3.70 | — | — | — | — | — | 1.28 | 2.05 | 3.04 | 3.59 | 3.75 | 4.50 | 4.48 | — | — | — | 0.69 |
| — | — | — | — | — | — | — | — | — | — | -65.9% | -54.4% | -32.3% | — | — | — | +548.7% | — | — | — | -61.8% | |
| Current Ratio | 3.12 | 2.92 | 3.52 | 3.12 | 2.89 | 4.49 | 4.74 | 3.23 | 2.34 | 1.09 | 2.50 | 2.31 | 2.31 | 2.62 | 3.44 | 2.92 | 2.82 | 5.32 | 5.22 | 3.52 | 3.85 |
| — | -34.9% | -25.7% | -3.4% | +23.3% | +312.0% | +89.4% | +39.8% | +1.3% | -58.4% | -27.2% | -20.9% | -18.0% | -50.7% | -34.1% | -16.9% | -26.8% | -6.8% | -26.7% | -38.4% | -54.0% | |
| Quick Ratio | 2.91 | 2.68 | 3.26 | 2.91 | 2.68 | 4.32 | 4.52 | 3.08 | 2.21 | 1.00 | 2.35 | 2.18 | 2.17 | 2.45 | 3.23 | 2.72 | 2.61 | 5.11 | 5.05 | 3.33 | 3.65 |
| — | -37.9% | -28.0% | -5.6% | +21.3% | +331.2% | +92.1% | +41.5% | +1.6% | -59.1% | -27.1% | -20.1% | -16.7% | -52.0% | -36.1% | -18.1% | -28.5% | -4.7% | -26.7% | -38.0% | -54.8% | |
| Interest Coverage | 25.52 | 25.74 | 24.19 | 13.11 | 19.63 | 93.62 | 108.24 | 95.15 | 98.63 | 60.01 | 17.14 | 15.24 | 9.79 | 9.22 | 10.12 | 13.12 | 15.84 | 339.52 | 402.88 | 214.17 | 46.33 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying RGLD stock.
Royal Gold, Inc.'s current P/E is 35.1x. The average P/E over the last 4 quarters is 27.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Royal Gold, Inc.'s current operating margin is 64.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Royal Gold, Inc.'s business trajectory between earnings reports.