Royal Gold Operating Margin History
RGLD / Materials|10 years of SEC 10-K data (FY2016-FY2025)
61.9% in FY2025 with a 5-year CAGR of +22.0%. Ranks 1st among 78 companies in Materials.
Improved from 50.1% to 61.9% over the past 2 years.
Among 78 Materials companies, Royal Gold is in the top 1% for operating margin. Operating Margin has increased for 3 consecutive years, from 47.0% in FY2022 to 61.9% 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
- +14.9pp
- 5-Year Change
- +22.0pp
- 10-Year Change
- -
Operating Margin Trend
Top 1% in MaterialsTop 1% of 78This company 61.9% Sector average -0.5%
▼
+11623.1% above sector average
Key Insights
- Royal Gold's operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 3.6% year-over-year.
- Currently 62.5pp above the Materials sector average.
- Lowest operating margin in the period was in FY2018.
Annual Data
| Year | Operating Margin | YoY Growth |
|---|---|---|
| FY2025 | 61.9% | +3.6% |
| FY2024 | 59.8% | +19.4% |
| FY2023 | 50.1% | +6.4% |
| FY2022 | 47.0% | -14.2% |
| FY2021 | 54.8% | +37.4% |
| FY2020 | 39.9% | +19.9% |
| FY2019 | 33.3% | +304.8% |
| FY2018 | -16.2% | -149.0% |
| FY2017 | 33.1% | +1885.5% |
| FY2016 | 1.7% | -95.3% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026