Royal Gold (RGLD) Gross Margin (2017 - 2026)
Royal Gold (RGLD) posted quarterly Gross Margin of 87.14% for Q1 2026, down 19.0% year-over-year from 107.58% in Q1 2025, and up 0.79% on a QoQ basis from 86.45% in Q4 2025.
Royal Gold (RGLD) Gross Margin (2017 - 2026) Analysis & Trends
Royal Gold (RGLD) has reported Gross Margin for 10 consecutive years, with 87.14% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 19.0% year-over-year to 87.14%; the TTM figure through Mar 2026 stood at 87.23% (up 36.0% YoY), while the FY2025 annual figure was 87.29%, up 85.0% from the prior year.
- Gross Margin came in at 87.14% for Q1 2026 at Royal Gold, up from 86.45% 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 85.84%, with a median of 86.06% recorded in 2022.
- Across the five-year window, Gross Margin surged 3129 bps in 2022 and slumped 150 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 84.68% in 2022, then gained by 2 bps to 86.39% in 2023, then increased by 2 bps to 87.96% in 2024, then declined by 2 bps to 86.45% in 2025, then climbed by 1 bps to 87.14% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 87.14%, 86.45%, and 87.55% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 59.77% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 61.79% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 99.74% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 86.39% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 77.58% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 54.68% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 80.88% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 59.87% |
| 10 | Royal Gold | 16.84 Bn | 16.65 Bn | 408.79 Mn | 87.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 54.25% |
| Jun 30, 2021 | 55.51% |