Royal Gold (RGLD) Gross Margin (2009 - 2026)
Royal Gold (RGLD) posted Gross Margin of 86.66% for Q2 2026, down 0.55% on a QoQ basis from 87.14% in Q1 2026, and down 180.0% year-over-year from 108.33% in Q2 2025.
Analysis
Royal Gold (RGLD) Gross Margin (2009 - 2026) Analysis & Trends
Royal Gold has reported Gross Margin for 17 years, with the latest figure at 86.66% in Q2 2026.
- On a quarterly basis, Gross Margin fell 180.0% year-over-year to 86.66% in Q2 2026; TTM through Jun 2026 was 86.9%, a 56.0% decrease from a year earlier, with the FY2025 full-year figure at 87.29%, up 85.0% from the prior year.
- Gross Margin was 86.66% for Q2 2026 at Royal Gold, down from 87.14% in the prior quarter.
- The five-year high for Gross Margin was 88.47% in Q2 2025, with the low at 82.33% in Q3 2022.
- Average Gross Margin over 5 years is 85.88%, with a median of 86.09% recorded in 2022.
- The sharpest annual moves came in 2022 and 2026: Gross Margin surged 6282 bps in 2022, then tumbled 180 bps in 2026.
- Over 5 years, Gross Margin stood at 84.68% in 2022, then increased by 2 bps to 86.39% in 2023, then climbed by 2 bps to 87.96% in 2024, then slipped by 2 bps to 86.45% in 2025, then advanced by 0 bps to 86.66% in 2026.
- The last three Gross Margin figures came in at 86.66% (Q2 2026), 87.14% (Q1 2026), and 86.45% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 44.18 Bn | 44.51 Bn | 4.68 Bn | 85.10% |
| 2 | Royalty Pharma | 33.59 Bn | 35.70 Bn | - | - |
| 3 | Royal Gold | 21.14 Bn | 21.00 Bn | 390.45 Mn | 86.66% |
| 4 | OR Royalties | 6.88 Bn | 6.81 Bn | 82.22 Mn | 84.05% |
| 5 | Encore Capital | 2.11 Bn | 1.93 Bn | 455.04 Mn | 92.51% |
| 6 | Atlanticus Holdings | 1.41 Bn | 851.50 Mn | 686.46 Mn | 92.23% |
| 7 | Jefferson Capital | 1.18 Bn | 1.16 Bn | - | - |
| 8 | Lufax Holding | 1.04 Bn | -1.23 Bn | - | - |
| 9 | Upbound | 998.67 Mn | 893.37 Mn | 594.84 Mn | 51.13% |
| 10 | Metalla Royalty & Streaming | 942.93 Mn | 931.86 Mn | 4.75 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 86.66% |
| Mar 31, 2026 | 87.14% |
| Dec 31, 2025 | 86.45% |
| Sep 30, 2025 | 87.55% |
| Jun 30, 2025 | 88.47% |
| Mar 31, 2025 | 87.33% |
| Dec 31, 2024 | 87.96% |
| Sep 30, 2024 | 85.97% |
| Jun 30, 2024 | 86.11% |
| Mar 31, 2024 | 85.39% |
| Dec 31, 2023 | 86.39% |
| Sep 30, 2023 | 84.60% |
| Jun 30, 2023 | 83.78% |
| Mar 31, 2023 | 85.32% |
| Dec 31, 2022 | 84.68% |
| Sep 30, 2022 | 82.33% |
| Jun 30, 2022 | 83.74% |
| Mar 31, 2022 | 86.06% |
| Dec 31, 2021 | 84.74% |
| Sep 30, 2021 | 19.51% |