Royal Gold (RGLD) Return on Capital Employed [ROCE] (2009 - 2026)
Royal Gold's Return on Capital Employed [ROCE] came in at 11.81% for Q3 2026, down 2.50 percentage points from 14.31% a year earlier but up 1.64 percentage points from the prior quarter.
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Analysis
Royal Gold (RGLD) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Royal Gold's Return on Capital Employed [ROCE] was 10.06%, down 3.00 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +2.44 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 13.06% in FY2024 (+4.08 pp), 8.98% in FY2023 (-0.22 pp), 9.20% in FY2022 (-3.22 pp) and 12.43% in FY2021.
- The five-year range for quarterly Return on Capital Employed [ROCE] is 8.36% (Q1 2023) to 15.04% (Q2 2025).
- Year-over-year, Return on Capital Employed [ROCE] has declined for four consecutive quarters, with an average year-over-year change of -0.02 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q1 2025 (a gain of 5.24 percentage points), and the weakest in Q1 2026 (a drop of 5.57 percentage points).
- Business Quant data shows RGLD's Return on Capital Employed [ROCE] at 10.17% (Q2 2026), 8.64% (Q1 2026) and 9.28% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 8.10% |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 11.81% |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.64 Bn | -328.33 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.81% |
| Jun 30, 2026 | 10.17% |
| Mar 31, 2026 | 8.64% |
| Dec 31, 2025 | 9.28% |
| Sep 30, 2025 | 14.31% |
| Jun 30, 2025 | 15.04% |
| Mar 31, 2025 | 14.22% |
| Dec 31, 2024 | 13.18% |
| Sep 30, 2024 | 11.76% |
| Jun 30, 2024 | 10.19% |
| Mar 31, 2024 | 8.98% |
| Dec 31, 2023 | 9.17% |
| Sep 30, 2023 | 8.87% |
| Jun 30, 2023 | 8.62% |
| Mar 31, 2023 | 8.36% |
| Dec 31, 2022 | 8.36% |
| Sep 30, 2022 | 9.76% |
| Jun 30, 2022 | 11.67% |
| Mar 31, 2022 | 11.93% |
| Sep 30, 2021 | 12.06% |
API Access
Royal Gold Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=RGLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=RGLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();