Royal Gold (RGLD) Gross Margin (2017 - 2026)
Royal Gold's Gross Margin came in at 86.66% for Q2 2026, down 1.80 percentage points from 88.47% a year earlier and down 0.48 percentage points from the prior quarter.
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Analysis
Royal Gold (RGLD) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Royal Gold reported Gross Margin of 86.90%, down 0.56 percentage points year-over-year; for FY2025, it came in at 87.29%, up 0.85 percentage points from FY2024.
- Gross Margin has increased in each of the last three years, with a five-year change of +39.97 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 86.44% in FY2024 (+1.39 pp), 85.06% in FY2023 (+0.75 pp), 84.31% in FY2022 (-0.62 pp) and 84.93% in FY2021.
- The five-year range for quarterly Gross Margin is 82.33% (Q3 2022) to 88.47% (Q2 2025).
- Year-over-year, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of +0.66 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2025 (a gain of 2.35 percentage points), and the weakest in Q2 2026 (a drop of 1.80 percentage points).
- Business Quant data shows RGLD's Gross Margin at 87.14% (Q1 2026), 86.45% (Q4 2025) and 87.55% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 41.18 Bn | 9.90 Bn | 4.68 Bn | 85.10% |
| 2 | Rocket Companies | 30.87 Bn | 16.55 Bn | - | - |
| 3 | Affirm Holdings | 26.11 Bn | 19.80 Bn | - | - |
| 4 | Royalty Pharma | 25.20 Bn | 22.16 Bn | - | - |
| 5 | Synchrony Financial | 24.32 Bn | -43.65 Bn | - | - |
| 6 | Federal National Mortgage Association Fannie Mae | 20.83 Bn | 20.83 Bn | - | - |
| 7 | Royal Gold | 19.70 Bn | 18.88 Bn | 390.45 Mn | 86.66% |
| 8 | Ares Capital | 13.30 Bn | 10.74 Bn | - | - |
| 9 | Annaly Capital Management | 13.26 Bn | 4.30 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 10.54 Bn | -8.20 Bn | - | - |
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% |
| Sep 30, 2021 | 54.25% |
| Jun 30, 2021 | 55.51% |
API Access
Royal Gold Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=RGLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "RGLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=RGLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();