Last 48 quarters of trend data · Basic Materials · Gold
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Royal Gold, Inc.'s quarterly P/E stands at 19.3x, down 18.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 15.8% YoY to 14.2x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 32.11 | 19.28 | 47.91 | 26.12 | 22.12 | 23.77 | 20.22 | 24.02 | 25.44 | 42.30 | 31.50 | 35.44 | 29.58 |
| — | -18.9% | +136.9% | +8.7% | -13.0% | -43.8% | -35.8% | -32.2% | -14.0% | +26.5% | -3.9% | +5.8% | +19.7% | |
| P/S Ratio | 14.47 | 11.53 | 11.95 | 13.10 | 13.96 | 14.03 | 10.71 | 12.00 | 11.93 | 13.58 | 13.02 | 12.76 | 13.22 |
| — | -17.8% | +11.6% | +9.1% | +17.0% | +3.3% | -17.8% | -6.0% | -9.8% | +7.3% | +13.1% | +8.0% | +9.3% | |
| P/B Ratio | 2.07 | 2.90 | 2.49 | 3.86 | 3.53 | 3.35 | 2.77 | 3.03 | 2.76 | 2.74 | 2.74 | 2.44 | 2.66 |
| — | -13.3% | -10.2% | +27.7% | +27.7% | +22.1% | +1.1% | +23.8% | +3.7% | -10.2% | +2.0% | +7.9% | +2.3% | |
| P/FCF | 21.16 | 18.43 | 18.55 | — | 73.03 | 34.43 | 23.03 | 17.32 | 33.00 | 14.59 | 19.66 | 17.82 | 17.93 |
| — | -46.5% | -19.5% | — | +121.3% | +135.9% | +17.1% | -2.8% | +84.1% | -25.6% | — | — | +22.9% | |
| EV / EBITDA | 18.59 | 14.18 | 15.32 | 16.59 | 16.56 | 16.84 | 12.68 | 14.68 | 14.80 | 17.53 | 16.89 | 17.06 | 17.76 |
| — | -15.8% | +20.8% | +13.0% | +11.9% | -3.9% | -24.9% | -13.9% | -16.7% | +4.4% | +9.2% | +4.7% | +18.1% | |
| EV / EBIT | 23.54 | — | 29.45 | 20.40 | 19.81 | 21.36 | 15.70 | 19.15 | 19.98 | 26.53 | 24.58 | 27.49 | 27.25 |
| — | — | +87.6% | +6.5% | -0.8% | -19.5% | -36.1% | -30.3% | -26.7% | +2.7% | -8.1% | +4.8% | +10.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Royal Gold, Inc.'s operating margin was 63.3% in Q1 2026, up 3.5 pp QoQ and down 0.9 pp YoY. The trailing four-quarter average of 65.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.3% | — | 64.5% | 73.5% | 72.6% | 87.2% | 70.3% | 85.9% | 86.0% | 85.2% | 58.6% | 84.4% | 83.6% |
| — | — | -8.2% | -14.4% | -15.6% | +2.3% | +20.0% | +1.7% | +2.8% | +0.1% | -30.6% | +2.7% | +0.1% | |
| Operating Margin | 64.5% | 63.3% | 59.8% | 69.5% | 67.7% | 64.2% | 65.9% | 61.8% | 59.2% | 51.2% | 52.2% | 47.9% | 50.4% |
| — | -1.4% | -9.2% | +12.4% | +14.3% | +25.4% | +26.2% | +29.1% | +17.5% | +0.2% | +14.2% | +1.0% | +7.5% | |
| Net Margin | 45.2% | 59.9% | 24.9% | 50.3% | 63.1% | 59.2% | 53.0% | 50.0% | 47.1% | 32.0% | 41.1% | 36.0% | 44.4% |
| — | +1.2% | -53.0% | +0.5% | +34.1% | +85.1% | +28.9% | +38.9% | +5.9% | -15.7% | +17.2% | +2.5% | -9.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.0% | 3.8% | 1.8% | 3.8% | 4.1% | 3.6% | 3.5% | 3.2% | 2.8% | 1.6% | 2.2% | 1.7% | 2.3% |
| — | +7.2% | -49.3% | +18.0% | +47.3% | +120.8% | +59.5% | +84.3% | +22.1% | -29.7% | +5.8% | +2.4% | -15.4% | |
| ROA | 7.2% | 3.0% | 1.3% | 3.2% | 3.8% | 3.3% | 3.2% | 2.9% | 2.5% | 1.4% | 1.9% | 1.4% | 1.8% |
| — | -10.8% | -58.3% | +7.7% | +52.6% | +134.5% | +72.7% | +103.0% | +34.8% | -22.3% | +13.9% | -1.8% | -27.4% | |
| ROIC | 9.2% | 2.8% | 2.8% | 3.7% | 3.5% | 3.1% | 3.4% | 3.1% | 2.6% | 1.9% | 2.0% | 1.6% | 1.7% |
| — | -9.5% | -17.5% | +21.3% | +34.2% | +64.8% | +75.0% | +92.9% | +53.0% | -6.4% | +10.8% | -6.6% | -17.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Royal Gold, Inc.'s Debt/EBITDA ratio is 1.5x, down from 3.2x last quarter — comfortably within a safe range. The current ratio has weakened 25.7% YoY to 3.52x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.08 | 0.13 | 0.23 | — | — | — | — | — | 0.05 | 0.08 | 0.11 | 0.14 |
| — | — | — | — | — | — | — | — | — | -71.9% | -59.2% | -31.7% | — | |
| Debt / EBITDA | 1.15 | 1.54 | 3.17 | 3.70 | — | — | — | — | — | 1.28 | 2.05 | 3.04 | 3.59 |
| — | — | — | — | — | — | — | — | — | -65.9% | -54.4% | -32.3% | — | |
| Current Ratio | 3.12 | 3.52 | 3.12 | 2.89 | 4.49 | 4.74 | 3.23 | 2.34 | 1.09 | 2.50 | 2.31 | 2.31 | 2.62 |
| — | -25.7% | -3.4% | +23.3% | +312.0% | +89.4% | +39.8% | +1.3% | -58.4% | -27.2% | -20.9% | -18.0% | -50.7% | |
| Quick Ratio | 2.91 | 3.26 | 2.91 | 2.68 | 4.32 | 4.52 | 3.08 | 2.21 | 1.00 | 2.35 | 2.18 | 2.17 | 2.45 |
| — | -28.0% | -5.6% | +21.3% | +331.2% | +92.1% | +41.5% | +1.6% | -59.1% | -27.1% | -20.1% | -16.7% | -52.0% | |
| Interest Coverage | 25.52 | 22.44 | 13.11 | 19.63 | 93.62 | 106.50 | 95.15 | 98.46 | 60.05 | 16.39 | 15.24 | 9.79 | 9.22 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 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 32.1x. The average P/E over the last 4 quarters is 28.9x. 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.