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
DateValue
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%