Balance Sheet Royal Gold, Inc.

Stocks

RGLD

US7802871084

Gold

Market Closed - Nasdaq Other stock markets 21:00:00 12/06/2026 BST			5-day change	1st Jan Change
207.57 ^USD	+1.47%		+0.73%	-6.62%

06-03	RBC Capital Adjusts Price Target on Royal Gold to $310 From $375, Maintains Outperform Rating	MT
05-26	SKS Copack Recalls Items Including Matcha, Horchata Mixes in Connection With California Dairies Recall	DJ

b6c52c67ae0.aoCb-3IfERszn3uQKpy3O_iGo2bsxexqXpsRtYurgZ8.H_XQzz90eC8E2Tz-fvnBcajxwRWa6KMtavIl487Kxsk4wtWQPilbUgf6DA

Published financial data: ROYAL GOLD, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	677M	596M	598M	713M	1.02B
Total Revenues	677M	596M	598M	713M	1.02B
Cost of Goods Sold, Total	105M	94.64M	90.52M	97.51M	131M
Gross Profit	572M	502M	508M	615M	891M
Selling General & Admin Expenses, Total	30.33M	34.61M	39.76M	40.93M	49.18M
Exploration / Drilling Costs, Total	563K	-	-	-	-
Depreciation & Amortization - (IS)	199M	179M	165M	144M	177M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	4.29M	-	-	-
Other Operating Expenses, Total	230M	218M	205M	185M	226M
Operating Income	343M	284M	303M	430M	665M
Interest Expense, Total	-5.57M	-10M	-28.4M	-6.3M	-23.4M
Interest And Investment Income	3.22M	7.83M	9.95M	6.01M	14.41M
Net Interest Expenses	-2.35M	-2.17M	-18.45M	-292K	-8.99M
Other Non Operating Income (Expenses)	-	-7.17M	-2.47M	-3.45M	-5.62M
EBT, Excl. Unusual Items	340M	274M	282M	426M	650M
Merger & Related Restructuring Charges	-	-	-	-	-26.51M
Gain (Loss) On Sale Of Investments	-2.7M	-1.5M	-147K	-66K	-49.69M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	338M	273M	282M	426M	574M
Income Tax Expense	60.02M	32.93M	42.01M	93.61M	102M
Earnings From Continuing Operations	278M	240M	240M	332M	472M
Net Income to Company	278M	240M	240M	332M	472M
Minority Interest	-978K	-960K	-692K	-456K	-5.3M
Net Income - (IS)	277M	239M	239M	332M	466M
Net Income to Common Incl Extra Items	277M	239M	239M	332M	466M
Net Income to Common Excl. Extra Items	277M	239M	239M	332M	466M
Per Share Items
Net EPS - Basic	4.22	3.64	3.65	5.06	6.72
Basic EPS - Continuing Operations	4.22	3.64	3.65	5.06	6.72
Basic Weighted Average Shares Outstanding	65.56M	65.58M	65.61M	65.66M	69.42M
Net EPS - Diluted	4.2	3.63	3.63	5.04	6.69
Diluted EPS - Continuing Operations	4.2	3.63	3.63	5.04	6.69
Diluted Weighted Average Shares Outstanding	65.62M	65.66M	65.74M	65.78M	69.56M
Normalized Basic EPS	3.23	2.6	2.68	4.05	5.78
Normalized Diluted EPS	3.23	2.6	2.67	4.04	5.76
Dividend Per Share	1.4	1.45	1.55	1.7	1.85
Payout Ratio	28.46	38.47	41.17	31.7	25.42
Supplemental Items
EBITDA	542M	467M	468M	574M	842M
EBITA	343M	284M	303M	430M	665M
EBIT	343M	284M	303M	430M	665M
Effective Tax Rate - (Ratio)	17.77	12.07	14.89	21.97	17.82
Current Domestic Taxes	37.56M	29.7M	23.98M	52.36M	42.58M
Current Foreign Taxes	17.43M	23.07M	24.5M	32.9M	63.64M
Total Current Taxes	55M	52.76M	48.48M	85.26M	106M
Deferred Domestic Taxes	212K	-975K	-777K	-94K	693K
Deferred Foreign Taxes	4.81M	-18.86M	-5.69M	8.45M	-4.62M
Total Deferred Taxes	5.02M	-19.84M	-6.47M	8.35M	-3.93M
Normalized Net Income	212M	171M	176M	266M	401M
Interest on Long-Term Debt	1.4M	10M	28.4M	6.3M	23.4M
Supplemental Operating Expense Items
General and Administrative Expenses	30.33M	34.61M	39.76M	40.93M	49.18M
Exploration/Drilling Costs	563K	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	6.44M	8.41M	9.7M	11.89M	11.8M
Total Stock-Based Compensation	6.44M	8.41M	9.7M	11.89M	11.8M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	144M	119M	104M	195M	234M
Total Cash And Short Term Investments	144M	119M	104M	195M	234M
Accounts Receivable, Total	54.09M	49.4M	48.88M	63.46M	111M
Other Receivables	4.92M	3.07M	2.68M	1.14M	2.11M
Total Receivables	59M	52.47M	51.56M	64.6M	113M
Inventory	11.61M	12.66M	9.79M	12.97M	25.88M
Prepaid Expenses	1.04M	1.31M	1.08M	1.36M	4.89M
Other Current Assets, Total	793K	809K	833K	855K	-
Total Current Assets	216M	186M	167M	275M	377M
Net Property Plant And Equipment	5.61M	4.77M	3.94M	3.46M	33.76M
Long-term Investments	2.45B	3.24B	3.08B	3.04B	9.06B
Loans Receivable Long-Term	-	25M	25K	-	-
Deferred Charges Long-Term	-	-	-	-	3.1M
Other Long-Term Assets, Total	88.24M	81.14M	114M	70.58M	65.61M
Total Assets	2.76B	3.53B	3.36B	3.39B	9.54B
Liabilities
Accounts Payable, Total	6.48M	6.69M	11.44M	10.58M	10.06M
Current Portion of Leases	943K	923K	972K	965K	4.25M
Current Income Taxes Payable	19.07M	16.06M	15.56M	23.18M	33.3M
Other Current Liabilities	34.94M	39.91M	44.45M	50.43M	73.31M
Total Current Liabilities	61.43M	63.59M	72.42M	85.15M	121M
Long-Term Debt	-	572M	246M	-	895M
Long-Term Leases	6.69M	5.64M	4.67M	4M	32.96M
Deferred Tax Liability Non Current	87.7M	138M	134M	132M	1.19B
Other Non Current Liabilities	910K	2.1M	3.06M	39.46M	92.19M
Total Liabilities	156M	781M	460M	261M	2.33B
Common Stock, Total	656K	656K	656K	657K	845K
Additional Paid In Capital	2.21B	2.21B	2.22B	2.23B	5.93B
Retained Earnings	382M	527M	667M	890M	1.23B
Comprehensive Income and Other	-	-	-	-	993K
Total Common Equity	2.59B	2.74B	2.89B	3.12B	7.16B
Minority Interest	12.47M	12.38M	12.42M	12.25M	48.22M
Total Equity	2.6B	2.75B	2.9B	3.13B	7.21B
Total Liabilities And Equity	2.76B	3.53B	3.36B	3.39B	9.54B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	65.62M	65.64M	65.69M	65.76M	84.81M
ECS Total Common Shares Outstanding	65.56M	65.59M	65.63M	65.69M	84.5M
Book Value / Share	39.48	41.79	44.01	47.48	84.7
Tangible Book Value	2.59B	2.74B	2.89B	3.12B	7.16B
Tangible Book Value Per Share	39.48	41.79	44.01	47.48	84.7
Total Debt	7.63M	578M	252M	4.97M	933M
Net Debt	-138M	459M	147M	-191M	526M
Minority Interest, Total (Incl. Fin. Div)	12.47M	12.38M	12.42M	12.25M	48.22M
Equity Method Investments, Total	-	-	-	-	301M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	11.61M	12.66M	9.79M	12.97M	25.88M
Full Time Employees	29	31	30	30	39

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	277M	239M	239M	332M	466M
Depreciation & Amortization - CF	199M	179M	165M	144M	177M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	4.29M	-	-	-
Depreciation & Amortization, Total	199M	183M	165M	144M	177M
Amortization of Deferred Charges, Total - (CF)	2.18M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	2.7M	1.5M	147K	66K	49.69M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	6.44M	8.41M	9.7M	11.89M	11.8M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	6M	-17.9M	-5M	9.76M	-3.93M
Change In Accounts Receivable	-13.69M	4.68M	521K	-14.58M	-18.12M
Change In Inventories	12.15M	-1.05M	2.87M	-3.19M	-11.74M
Change In Accounts Payable	152K	211K	4.76M	-9.11M	-36.84M
Change In Income Taxes	6.57M	-1.16M	-118K	9.16M	9.79M
Change in Other Net Operating Assets	-980K	435K	-1.46M	49.06M	60.83M
Cash from Operations	498M	417M	416M	530M	705M
Capital Expenditure	-562M	-922M	-2.68M	-103M	-1.16B
Cash Acquisitions	-	-	-	-	-411M
Investment in Marketable and Equity Securities, Total	69.95M	-	-	-	150M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-14M	-	-	-	-
Other Investing Activities, Total	-128K	-721K	-151K	24.88M	7.98M
Cash from Investing	-576M	-923M	-2.83M	-77.68M	-1.42B
Long-Term Debt Issued, Total	100M	700M	-	-	1.28B
Total Debt Issued	200M	700M	-	-	1.28B
Long-Term Debt Repaid, Total	-100M	-125M	-325M	-250M	-375M
Total Debt Repaid	-200M	-125M	-325M	-250M	-375M
Issuance of Common Stock	-	-	-	-	15.33M
Common Dividends Paid	-78.75M	-91.92M	-98.57M	-105M	-119M
Common & Preferred Stock Dividends Paid	-78.75M	-91.92M	-98.57M	-105M	-119M
Other Financing Activities, Total	-7.29M	-2.51M	-3.82M	-5.26M	-44.87M
Cash from Financing	-86.04M	481M	-427M	-360M	752M
Net Change in Cash	-165M	-24.96M	-14.42M	91.33M	38.22M
Supplemental Items
Cash Interest Paid	608K	7.22M	28.05M	6.59M	19.48M
Cash Income Tax Paid (Refund)	48.33M	54.8M	50.3M	72.11M	95.35M
Levered Free Cash Flow	187M	-553M	356M	314M	-607M
Unlevered Free Cash Flow	190M	-547M	373M	318M	-592M
Change In Net Working Capital	20.63M	-6.43M	-11.85M	4.77M	31.45M
Net Debt Issued / Repaid	0	575M	-325M	-250M	900M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.01	5.64	5.5	7.96	6.43
Return on Total Capital	7.42	5.98	5.85	8.55	7.37
Return On Equity %	12.6	8.96	8.49	11.02	9.12
Return on Common Equity	12.7	8.97	8.51	11.05	9.08
Margin Analysis
Gross Profit Margin %	84.54	84.13	84.87	86.32	87.19
SG&A Margin	4.48	5.81	6.64	5.74	4.81
EBITDA Margin %	80.06	78.32	78.23	80.58	82.37
EBITA Margin %	50.62	47.59	50.67	60.31	65.05
EBIT Margin %	50.62	47.59	50.67	60.31	65.05
Income From Continuing Operations Margin %	41.01	40.25	40.13	46.65	46.15
Net Income Margin %	40.86	40.09	40.01	46.58	45.63
Net Avail. For Common Margin %	40.86	40.09	40.01	46.58	45.63
Normalized Net Income Margin	31.27	28.6	29.37	37.3	39.24
Levered Free Cash Flow Margin	30.78	-92.76	59.42	44.02	-59.35
Unlevered Free Cash Flow Margin	31.25	-91.71	62.38	44.57	-57.92
Asset Turnover
Asset Turnover	0.22	0.19	0.17	0.21	0.16
Fixed Assets Turnover	-	-	-	-	53.68
Receivables Turnover (Average Receivables)	16.26	11.52	12.18	12.69	11.72
Inventory Turnover (Average Inventory)	6.33	7.8	8.07	8.57	6.74
Short Term Liquidity
Current Ratio	3.52	2.92	2.31	3.23	3.12
Quick Ratio	3.3	2.69	2.15	3.05	2.87
Operating Cash Flow to Current Liabilities	8.1	6.56	5.74	6.22	5.83
Days Sales Outstanding (Average Receivables)	22.45	31.68	29.97	28.84	31.13
Days Outstanding Inventory (Average Inventory)	57.67	46.79	45.25	42.71	54.16
Average Days Payable Outstanding	16.39	25.1	37.74	40.01	26.19
Cash Conversion Cycle (Average Days)	63.73	53.37	37.48	31.54	59.11
Long Term Solvency
Total Debt/Equity	0.29	21	8.67	0.16	12.94
Total Debt / Total Capital	0.29	17.35	7.98	0.16	11.46
LT Debt/Equity	0.26	20.96	8.64	0.13	12.88
Long-Term Debt / Total Capital	0.26	17.33	7.95	0.13	11.41
Total Liabilities / Total Assets	5.65	22.1	13.7	7.69	24.45
EBIT / Interest Expense	61.49	28.37	10.68	68.24	28.4
EBITDA / Interest Expense	97.25	46.69	16.48	91.16	35.97
(EBITDA - Capex) / Interest Expense	-3.59	-45.52	16.39	74.88	-13.8
Total Debt / EBITDA	0.01	1.24	0.54	0.01	1.11
Net Debt / EBITDA	-0.25	0.98	0.31	-0.33	0.62
Total Debt / (EBITDA - Capex)	-0.38	-1.27	0.54	0.01	-2.89
Net Debt / (EBITDA - Capex)	6.87	-1.01	0.32	-0.4	-1.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.05	-7.59	0.38	19.11	43.36
Gross Profit, 1 Yr. Growth %	25.57	-8.26	1.27	21.14	44.81
EBITDA, 1 Yr. Growth %	29.69	-9.75	0.26	22.68	46.56
EBITA, 1 Yr. Growth %	52.65	-13.61	6.87	41.79	54.61
EBIT, 1 Yr. Growth %	52.65	-13.61	6.87	41.79	54.61
Earnings From Cont. Operations, 1 Yr. Growth %	54.28	-12.73	0.08	38.46	41.84
Net Income, 1 Yr. Growth %	51.76	-12.79	0.19	38.67	40.44
Normalized Net Income, 1 Yr. Growth %	52.62	-15.85	3.06	51.3	50.81
Diluted EPS Before Extra, 1 Yr. Growth %	51.82	-12.74	0	38.84	32.74
Accounts Receivable, 1 Yr. Growth %	70.62	-8.66	-1.05	29.82	74.67
Inventory, 1 Yr. Growth %	51.52	9.04	-22.66	32.54	99.51
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	-	-	681.77
Total Assets, 1 Yr. Growth %	-4.15	28.2	-4.91	0.92	181.17
Tangible Book Value, 1 Yr. Growth %	9.62	5.88	5.37	7.99	129.47
Common Equity, 1 Yr. Growth %	9.62	5.88	5.37	7.99	129.47
Cash From Operations, 1 Yr. Growth %	19.49	-9.64	-0.37	27.35	33.11
Capital Expenditures, 1 Yr. Growth %	7.8	130.32	-99.71	3.73K	1.04K
Levered Free Cash Flow, 1 Yr. Growth %	23.84	-	-164.4	-12	-293.32
Unlevered Free Cash Flow, 1 Yr. Growth %	21.72	-	-168.39	-15.12	-286.32
Dividend Per Share, 1 Yr. Growth %	7.14	-	6.9	9.68	8.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	20.58	-	-3.69	9.34	30.68
Gross Profit, 2 Yr. CAGR %	22.96	-	-3.61	10.76	32.44
EBITDA, 2 Yr. CAGR %	26.65	-	-4.88	10.91	34.09
EBITA, 2 Yr. CAGR %	46.91	-	-3.91	23.1	48.06
EBIT, 2 Yr. CAGR %	46.91	-	-3.91	23.1	48.06
Earnings From Cont. Operations, 2 Yr. CAGR %	84.36	-	-6.54	17.71	40.14
Net Income, 2 Yr. CAGR %	79.57	-	-6.53	17.87	39.55
Normalized Net Income, 2 Yr. CAGR %	57.3	-	-6.87	24.87	51.06
Diluted EPS Before Extra, 2 Yr. CAGR %	79.35	-	-6.59	17.83	35.76
Accounts Receivable, 2 Yr. CAGR %	50.95	-	-4.93	13.34	50.58
Inventory, 2 Yr. CAGR %	24.66	-	-8.17	1.24	62.61
Total Assets, 2 Yr. CAGR %	2.09	-	10.41	-2.04	68.45
Tangible Book Value, 2 Yr. CAGR %	7.97	-	5.63	6.67	57.42
Common Equity, 2 Yr. CAGR %	7.97	-	5.63	6.67	57.42
Cash From Operations, 2 Yr. CAGR %	26.82	-	-5.12	12.64	30.2
Capital Expenditures, 2 Yr. CAGR %	1.16K	-	-91.82	-66.65	1.99K
Levered Free Cash Flow, 2 Yr. CAGR %	-11.13	-	-	-24.62	30.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	-11.06	-	-	-23.71	25.76
Dividend Per Share, 2 Yr. CAGR %	6.4	-	-	8.28	9.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.07	-	-	3.38	19.68
Gross Profit, 3 Yr. CAGR %	11.45	-	-	4.02	21.11
EBITDA, 3 Yr. CAGR %	14.04	-	-	3.54	21.71
EBITA, 3 Yr. CAGR %	59.72	-	-	9.39	32.81
EBIT, 3 Yr. CAGR %	59.72	-	-	9.39	32.81
Earnings From Cont. Operations, 3 Yr. CAGR %	36.38	-	-	6.54	25.26
Net Income, 3 Yr. CAGR %	38.8	-	-	6.61	24.96
Normalized Net Income, 3 Yr. CAGR %	46.79	-	-	9.48	32.98
Diluted EPS Before Extra, 3 Yr. CAGR %	38.47	-	-	6.6	22.6
Accounts Receivable, 3 Yr. CAGR %	21.47	-	-	5.47	30.91
Inventory, 3 Yr. CAGR %	23.84	-	-	3.78	26.93
Total Assets, 3 Yr. CAGR %	-0.38	-	-	7.15	39.22
Tangible Book Value, 3 Yr. CAGR %	5.82	-	-	6.41	37.7
Common Equity, 3 Yr. CAGR %	5.82	-	-	6.41	37.7
Cash From Operations, 3 Yr. CAGR %	7.38	-	-	4.66	19.09
Capital Expenditures, 3 Yr. CAGR %	142.36	-	-	-36.49	8.1
Levered Free Cash Flow, 3 Yr. CAGR %	-21.29	-	-	-	3.18
Unlevered Free Cash Flow, 3 Yr. CAGR %	-21.32	-	-	-	2.74
Dividend Per Share, 3 Yr. CAGR %	6.27	-	-	-	8.46
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.35	-	-	-	-
Gross Profit, 5 Yr. CAGR %	12.63	-	-	-	-
EBITDA, 5 Yr. CAGR %	14.79	-	-	-	-
EBITA, 5 Yr. CAGR %	129.06	-	-	-	-
EBIT, 5 Yr. CAGR %	129.06	-	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	29.72	-	-	-	-
Net Income, 5 Yr. CAGR %	31.43	-	-	-	-
Normalized Net Income, 5 Yr. CAGR %	80.47	-	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	31.15	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	21.3	-	-	-	-
Inventory, 5 Yr. CAGR %	13.26	-	-	-	-
Total Assets, 5 Yr. CAGR %	-2.89	-	-	-	-
Tangible Book Value, 5 Yr. CAGR %	2.25	-	-	-	-
Common Equity, 5 Yr. CAGR %	2.25	-	-	-	-
Cash From Operations, 5 Yr. CAGR %	19.18	-	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-34.03	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-29.85	-	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-29.54	-	-	-	-
Dividend Per Share, 5 Yr. CAGR %	5.46	-	-	-	-