Company / Gross Margin
Royal Gold Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
69.3%
FY2025
5-year range
47.3% / 69.3%
FY2021-FY2025
Trend
+5.8%
vs FY2024
Sector context
#1 of 69
Materials
What the data says
Among 69 Materials companies, Royal Gold is in the top 1% for gross margin. Gross Margin has increased for 3 consecutive years, from 47.3% in FY2022 to 69.3% in FY2025.
Based on SEC 10-K filings.
69.3% in FY2025 with a 5-year CAGR of +23.7%. Ranks 1st among 69 companies in Materials.
Improved from 54.1% to 69.3% over the past 2 years.
Materials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +22.0pp
- 5-Year Change
- +23.7pp
- 10-Year Change
- -
Sector benchmark
Top 1% in MaterialsTop 1% of 69This company 69.3% Sector average 26.0%
▼
+166.9% above sector average
Key checks
Key Insights
- Royal Gold's gross margin has grown for 3 consecutive years.
- In FY2025, gross margin increased 5.8% year-over-year.
- Currently 43.3pp above the Materials sector average.
- Peak gross margin was recorded in FY2016.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 69.3% | +5.8% |
| FY2024 | 65.5% | +21.1% |
| FY2023 | 54.1% | +14.3% |
| FY2022 | 47.3% | -12.5% |
| FY2021 | 54.1% | +18.5% |
| FY2020 | 45.6% | +4.6% |
| FY2019 | 43.6% | -4.4% |
| FY2018 | 45.6% | +4.6% |
| FY2017 | 43.6% | -56.4% |
| FY2016 | 100.0% | +0.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026