Royal Gold Gross Margin History
RGLD / Materials|10 years of SEC 10-K data (FY2016-FY2025)
69.3% in FY2025 with a 5-year CAGR of +22.0%. Ranks 1st among 70 companies in Materials.
Improved from 56.7% to 69.3% over the past 2 years.
Among 70 Materials companies, Royal Gold is in the top 1% for gross margin. Gross Margin has increased for 3 consecutive years, from 53.6% in FY2022 to 69.3% in FY2025.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year Change
- +15.8pp
- 5-Year Change
- +22.0pp
- 10-Year Change
- -
Gross Margin Trend
Top 1% in MaterialsTop 1% of 70This company 69.3% Sector average 25.9%
▼
+167.9% above sector average
Key Insights
- Royal Gold's gross margin has grown for 3 consecutive years.
- In FY2025, gross margin increased 5.8% year-over-year.
- Currently 43.4pp above the Materials sector average.
- Peak gross margin was recorded in FY2016.
Annual Data
| Year | Gross Margin | YoY Growth |
|---|---|---|
| FY2025 | 69.3% | +5.8% |
| FY2024 | 65.5% | +15.5% |
| FY2023 | 56.7% | +5.8% |
| FY2022 | 53.6% | -0.9% |
| FY2021 | 54.1% | +14.3% |
| FY2020 | 47.3% | +12.1% |
| FY2019 | 42.2% | -7.5% |
| FY2018 | 45.6% | +4.6% |
| FY2017 | 43.6% | -56.4% |
| FY2016 | 100.0% | +0.0% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026