Company / Operating Margin
Royal Gold Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
61.9%
FY2025
5-year range
39.9% / 61.9%
FY2021-FY2025
Trend
+3.6%
vs FY2024
Sector context
#2 of 84
Materials
What the data says
Among 84 Materials companies, Royal Gold is in the top 2% for operating margin. Operating Margin has increased for 3 consecutive years, from 39.9% in FY2022 to 61.9% in FY2025.
Based on SEC 10-K filings.
61.9% in FY2025 with a 5-year CAGR of +78.2%. Ranks 2nd among 84 companies in Materials.
Improved from 54.8% to 61.9% over the past 2 years.
Materials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +22.0pp
- 5-Year Change
- +78.2pp
- 10-Year Change
- -
Sector benchmark
Top 2% in MaterialsTop 2% of 84This company 61.9% Sector average -70.2%
▼
+188.2% above sector average
Key checks
Key Insights
- Royal Gold's operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 3.6% year-over-year.
- Currently 132.1pp above the Materials sector average.
- Lowest operating margin in the period was in FY2020.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 61.9% | +3.6% |
| FY2024 | 59.8% | +9.0% |
| FY2023 | 54.8% | +37.5% |
| FY2022 | 39.9% | -27.3% |
| FY2021 | 54.8% | +437.6% |
| FY2020 | -16.2% | -149.0% |
| FY2019 | 33.1% | +303.9% |
| FY2018 | -16.2% | -149.0% |
| FY2017 | 33.1% | +1882.5% |
| FY2016 | 1.7% | -95.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026