Cash flow Royal Gold, Inc.

Equities

RGLD

US7802871084

Gold

Market Closed - Nasdaq Other stock markets 02:30:00 14/02/2026 am IST			5-day change	1st Jan Change
286.10 ^USD	+4.89%		+7.65%	+28.71%

11/02	First Quantum Launches US$1.35 Billion Notes Offering	MT
05/02	Royal Gold, Inc. Presents at Renmark Financial Communications Virtual Non-Deal Roadshow, Feb-04-2026 02:00 PM

8c96c36805431748e4be969936.GQoM7AF-XAF5CA1puby-VBP3Af2AATG9gJvOtfwrNuw.cTNE3GI7ZU5IQUQE0s3SbFWAZJTiQ0aJ6fnjzZFDWqFzQWK2UjcVTgpsWA

Published financial data: ROYAL GOLD, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	49Cr	68Cr	60Cr	60Cr	71Cr
Total Revenues	49Cr	68Cr	60Cr	60Cr	71Cr
Cost of Goods Sold, Total	8.39Cr	10Cr	9.46Cr	9.05Cr	9.75Cr
Gross Profit	41Cr	57Cr	50Cr	51Cr	62Cr
Selling General & Admin Expenses, Total	3.02Cr	3.03Cr	3.46Cr	3.98Cr	4.09Cr
Exploration / Drilling Costs, Total	51.9L	6L	-	-	-
Depreciation & Amortization - (IS)	18Cr	20Cr	18Cr	16Cr	14Cr
Impairment of Oil, Gas & Mineral Properties - (IS)	13.41L	-	42.87L	-	-
Other Operating Expenses, Total	21Cr	23Cr	22Cr	20Cr	19Cr
Operating Income	20Cr	34Cr	28Cr	30Cr	43Cr
Interest Expense, Total	-98.13L	-55.74L	-1Cr	-2.84Cr	-63L
Interest And Investment Income	20.46L	32.2L	78.32L	99.52L	60.08L
Net Interest Expenses	-77.67L	-23.54L	-21.68L	-1.84Cr	-3L
Other Non Operating Income (Expenses)	-	-	-71.7L	-24.67L	-34.49L
EBT, Excl. Unusual Items	19Cr	34Cr	27Cr	28Cr	43Cr
Gain (Loss) On Sale Of Investments	14.18L	-27L	-15.03L	-1L	-66T
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	19Cr	34Cr	27Cr	28Cr	43Cr
Income Tax Expense	-36.54L	6Cr	3.29Cr	4.2Cr	9.36Cr
Earnings From Continuing Operations	20Cr	28Cr	24Cr	24Cr	33Cr
Net Income to Company	20Cr	28Cr	24Cr	24Cr	33Cr
Minority Interest	30.93L	-10L	-10L	-7L	-5L
Net Income - (IS)	20Cr	28Cr	24Cr	24Cr	33Cr
Net Income to Common Incl Extra Items	20Cr	28Cr	24Cr	24Cr	33Cr
Net Income to Common Excl. Extra Items	20Cr	28Cr	24Cr	24Cr	33Cr
Per Share Items
Net EPS - Basic	3.04	4.22	3.64	3.65	5.06
Basic EPS - Continuing Operations	3.04	4.22	3.64	3.65	5.06
Basic Weighted Average Shares Outstanding	6.55Cr	6.56Cr	6.56Cr	6.56Cr	6.57Cr
Net EPS - Diluted	3.03	4.2	3.63	3.63	5.04
Diluted EPS - Continuing Operations	3.03	4.2	3.63	3.63	5.04
Diluted Weighted Average Shares Outstanding	6.56Cr	6.56Cr	6.57Cr	6.57Cr	6.58Cr
Normalized Basic EPS	1.87	3.23	2.6	2.68	4.05
Normalized Diluted EPS	1.87	3.23	2.6	2.67	4.04
Dividend Per Share	1.12	1.4	1.45	1.55	1.7
Payout Ratio	35.85	28.46	38.47	41.17	31.7
Supplemental Items
EBITDA	38Cr	54Cr	47Cr	47Cr	57Cr
EBITA	20Cr	34Cr	28Cr	30Cr	43Cr
EBIT	20Cr	34Cr	28Cr	30Cr	43Cr
Effective Tax Rate - (Ratio)	-1.9	17.77	12.07	14.89	21.97
Current Domestic Taxes	1.87Cr	3.76Cr	2.97Cr	2.4Cr	5.24Cr
Current Foreign Taxes	1.01Cr	1.74Cr	2.31Cr	2.45Cr	3.29Cr
Total Current Taxes	2.87Cr	5.5Cr	5.28Cr	4.85Cr	8.53Cr
Deferred Domestic Taxes	-10.66L	2L	-10L	-8L	-94T
Deferred Foreign Taxes	-3.13Cr	48.08L	-1.89Cr	-56.92L	84.48L
Total Deferred Taxes	-3.24Cr	50.2L	-1.98Cr	-64.69L	83.54L
Normalized Net Income	12Cr	21Cr	17Cr	18Cr	27Cr
Interest on Long-Term Debt	70L	14L	1Cr	2.84Cr	63L
Supplemental Operating Expense Items
General and Administrative Expenses	3.02Cr	3.03Cr	3.46Cr	3.98Cr	4.09Cr
Exploration/Drilling Costs	51.9L	6L	-	-	-
Stock-Based Comp., G&A Exp. (Total)	91.16L	64.36L	84.11L	96.96L	1.19Cr
Total Stock-Based Compensation	91.16L	64.36L	84.11L	96.96L	1.19Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	32Cr	14Cr	12Cr	10Cr	20Cr
Total Cash And Short Term Investments	32Cr	14Cr	12Cr	10Cr	20Cr
Accounts Receivable, Total	2.77Cr	5.41Cr	4.94Cr	4.89Cr	6.35Cr
Other Receivables	24.35L	49.15L	30.66L	26.76L	11.39L
Total Receivables	3.01Cr	5.9Cr	5.25Cr	5.16Cr	6.46Cr
Inventory	1.17Cr	1.16Cr	1.27Cr	97.88L	1.3Cr
Prepaid Expenses	4L	10.42L	13.11L	10.78L	13.62L
Other Current Assets, Total	8L	8L	8L	8L	9L
Total Current Assets	36Cr	22Cr	19Cr	17Cr	28Cr
Net Property Plant And Equipment	70.87L	56.12L	47.72L	39.39L	34.63L
Long-term Investments	234.08Cr	244.72Cr	323.78Cr	307.56Cr	304.28Cr
Loans Receivable Long-Term	-	-	2.5Cr	25T	-
Other Long-Term Assets, Total	5.63Cr	8.82Cr	8.11Cr	11Cr	7.06Cr
Total Assets	276.63Cr	275.7Cr	353.45Cr	336.11Cr	339.21Cr
Liabilities
Accounts Payable, Total	24.84L	64.75L	66.86L	1.14Cr	1.06Cr
Current Portion of Leases	9L	9L	9L	10L	10L
Current Income Taxes Payable	1.33Cr	1.91Cr	1.61Cr	1.56Cr	2.32Cr
Other Current Liabilities	2.68Cr	3.49Cr	3.99Cr	4.45Cr	5.04Cr
Total Current Liabilities	4.36Cr	6.14Cr	6.36Cr	7.24Cr	8.52Cr
Long-Term Debt	30Cr	-	57Cr	25Cr	-
Long-Term Leases	83.08L	66.88L	56.38L	46.73L	40.03L
Deferred Tax Liability Non Current	8.64Cr	8.77Cr	14Cr	13Cr	13Cr
Other Non Current Liabilities	2.54Cr	9L	21L	30.55L	3.95Cr
Total Liabilities	46Cr	16Cr	78Cr	46Cr	26Cr
Common Stock, Total	7L	7L	7L	7L	7L
Additional Paid In Capital	221.04Cr	220.62Cr	221.31Cr	222.1Cr	222.83Cr
Retained Earnings	6.11Cr	38Cr	53Cr	67Cr	89Cr
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	227.22Cr	258.87Cr	274.11Cr	288.82Cr	311.9Cr
Minority Interest	2.99Cr	1.25Cr	1.24Cr	1.24Cr	1.22Cr
Total Equity	230.21Cr	260.12Cr	275.35Cr	290.06Cr	313.12Cr
Total Liabilities And Equity	276.63Cr	275.7Cr	353.45Cr	336.11Cr	339.21Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.56Cr	6.56Cr	6.56Cr	6.57Cr	6.58Cr
ECS Total Common Shares Outstanding	6.55Cr	6.56Cr	6.56Cr	6.56Cr	6.57Cr
Book Value / Share	34.67	39.48	41.79	44.01	47.48
Tangible Book Value	227.22Cr	258.87Cr	274.11Cr	288.82Cr	311.9Cr
Tangible Book Value Per Share	34.67	39.48	41.79	44.01	47.48
Total Debt	31Cr	76.31L	58Cr	25Cr	49.68L
Net Debt	-2.73Cr	-14Cr	46Cr	15Cr	-19Cr
Minority Interest, Total (Incl. Fin. Div)	2.99Cr	1.25Cr	1.24Cr	1.24Cr	1.22Cr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	1.17Cr	1.16Cr	1.27Cr	97.88L	1.3Cr
Full Time Employees	27	29	31	30	30

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	20Cr	28Cr	24Cr	24Cr	33Cr
Depreciation & Amortization - CF	18Cr	20Cr	18Cr	16Cr	14Cr
Impairment of Oil, Gas & Mineral Properties - (CF)	13.41L	-	42.87L	-	-
Depreciation & Amortization, Total	18Cr	20Cr	18Cr	16Cr	14Cr
Amortization of Deferred Charges, Total - (CF)	11.36L	21.78L	-	-	-
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-14.18L	27L	15.03L	1L	66T
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	91.16L	64.36L	84.11L	96.96L	1.19Cr
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-3.56Cr	60L	-1.79Cr	-49.98L	97.55L
Change In Accounts Receivable	-69.57L	-1.37Cr	46.83L	5L	-1.46Cr
Change In Inventories	-3L	1.22Cr	-10.49L	28.68L	-31.86L
Change In Accounts Payable	-3L	2L	2L	47.56L	-91.13L
Change In Income Taxes	-45.29L	65.7L	-11.56L	-1L	91.57L
Change in Other Net Operating Assets	34.92L	-10L	4L	-14.57L	4.91Cr
Cash from Operations	34Cr	50Cr	42Cr	42Cr	53Cr
Capital Expenditure	-16Cr	-56Cr	-92Cr	-26.78L	-10Cr
Investment in Marketable and Equity Securities, Total	-5L	7Cr	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-1.4Cr	-	-	-
Other Investing Activities, Total	35.87L	-1L	-7L	-2L	2.49Cr
Cash from Investing	-15Cr	-58Cr	-92Cr	-28.29L	-7.77Cr
Long-Term Debt Issued, Total	20Cr	10Cr	70Cr	-	-
Total Debt Issued	20Cr	20Cr	70Cr	-	-
Long-Term Debt Repaid, Total	-12Cr	-10Cr	-12Cr	-32Cr	-25Cr
Total Debt Repaid	-12Cr	-20Cr	-12Cr	-32Cr	-25Cr
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-7.15Cr	-7.87Cr	-9.19Cr	-9.86Cr	-11Cr
Common & Preferred Stock Dividends Paid	-7.15Cr	-7.87Cr	-9.19Cr	-9.86Cr	-11Cr
Other Financing Activities, Total	-17.69L	-72.88L	-25.09L	-38.15L	-52.55L
Cash from Financing	1.18Cr	-8.6Cr	48Cr	-43Cr	-36Cr
Net Change in Cash	20Cr	-16Cr	-2.5Cr	-1.44Cr	9.13Cr
Supplemental Items
Cash Interest Paid	49L	6L	72.18L	2.81Cr	65.93L
Cash Income Tax Paid (Refund)	3.16Cr	4.83Cr	5.48Cr	5.03Cr	7.21Cr
Levered Free Cash Flow	15Cr	19Cr	-55Cr	36Cr	31Cr
Unlevered Free Cash Flow	16Cr	19Cr	-55Cr	37Cr	32Cr
Change In Net Working Capital	-12.26L	2.06Cr	-64.34L	-1.19Cr	47.66L
Net Debt Issued / Repaid	8.5Cr	0	58Cr	-32Cr	-25Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.68	7.01	5.64	5.5	7.96
Return on Total Capital	4.98	7.42	5.98	5.85	8.55
Return On Equity %	8.78	12.6	8.96	8.49	11.02
Return on Common Equity	9.04	12.7	8.97	8.51	11.05
Margin Analysis
Gross Profit Margin %	83.05	84.54	84.13	84.87	86.32
SG&A Margin	6.1	4.48	5.81	6.64	5.74
EBITDA Margin %	75.9	80.06	78.32	78.23	80.58
EBITA Margin %	40.19	50.62	47.59	50.67	60.31
EBIT Margin %	40.19	50.62	47.59	50.67	60.31
Income From Continuing Operations Margin %	39.65	41.01	40.25	40.13	46.65
Net Income Margin %	40.27	40.86	40.09	40.01	46.58
Net Avail. For Common Margin %	40.27	40.86	40.09	40.01	46.58
Normalized Net Income Margin	24.76	31.27	28.6	29.37	37.3
Levered Free Cash Flow Margin	30.4	30.78	-92.76	59.42	44.02
Unlevered Free Cash Flow Margin	31.41	31.25	-91.71	62.38	44.57
Asset Turnover
Asset Turnover	0.19	0.22	0.19	0.17	0.21
Receivables Turnover (Average Receivables)	20.45	16.26	11.52	12.18	12.69
Inventory Turnover (Average Inventory)	7.28	6.33	7.8	8.07	8.57
Short Term Liquidity
Current Ratio	8.31	3.52	2.92	2.31	3.23
Quick Ratio	8.02	3.3	2.69	2.15	3.05
Operating Cash Flow to Current Liabilities	7.82	8.1	6.56	5.74	6.22
Days Sales Outstanding (Average Receivables)	17.9	22.45	31.68	29.97	28.84
Days Outstanding Inventory (Average Inventory)	50.28	57.67	46.79	45.25	42.71
Average Days Payable Outstanding	11.68	16.39	25.1	37.74	40.01
Cash Conversion Cycle (Average Days)	56.5	63.73	53.37	37.48	31.54
Long Term Solvency
Total Debt/Equity	13.45	0.29	21	8.67	0.16
Total Debt / Total Capital	11.86	0.29	17.35	7.98	0.16
LT Debt/Equity	13.41	0.26	20.96	8.64	0.13
Long-Term Debt / Total Capital	11.82	0.26	17.33	7.95	0.13
Total Liabilities / Total Assets	16.78	5.65	22.1	13.7	7.69
EBIT / Interest Expense	20.27	61.49	28.37	10.68	68.24
EBITDA / Interest Expense	38.29	97.25	46.69	16.48	91.16
(EBITDA - Capex) / Interest Expense	22.39	-3.59	-45.52	16.39	74.88
Total Debt / EBITDA	0.82	0.01	1.24	0.54	0.01
Net Debt / EBITDA	-0.07	-0.25	0.98	0.31	-0.33
Total Debt / (EBITDA - Capex)	1.41	-0.38	-1.27	0.54	0.01
Net Debt / (EBITDA - Capex)	-0.12	6.87	-1.01	0.32	-0.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.15	23.05	-7.59	0.38	19.11
Gross Profit, 1 Yr. Growth %	20.41	25.57	-8.26	1.27	21.14
EBITDA, 1 Yr. Growth %	23.69	29.69	-9.75	0.26	22.68
EBITA, 1 Yr. Growth %	41.39	52.65	-13.61	6.87	41.79
EBIT, 1 Yr. Growth %	41.39	52.65	-13.61	6.87	41.79
Earnings From Cont. Operations, 1 Yr. Growth %	120.31	54.28	-12.73	0.08	38.46
Net Income, 1 Yr. Growth %	112.46	51.76	-12.79	0.19	38.67
Normalized Net Income, 1 Yr. Growth %	62.13	52.62	-15.85	3.06	51.3
Diluted EPS Before Extra, 1 Yr. Growth %	111.89	51.82	-12.74	0	38.84
Accounts Receivable, 1 Yr. Growth %	33.55	70.62	-8.66	-1.05	29.82
Inventory, 1 Yr. Growth %	2.56	51.52	9.04	-22.66	32.54
Total Assets, 1 Yr. Growth %	8.73	-4.15	28.2	-4.91	0.92
Tangible Book Value, 1 Yr. Growth %	6.34	9.62	5.88	5.37	7.99
Common Equity, 1 Yr. Growth %	6.34	9.62	5.88	5.37	7.99
Cash From Operations, 1 Yr. Growth %	34.6	19.49	-9.64	-0.37	27.35
Capital Expenditures, 1 Yr. Growth %	14.69T	7.8	130.32	-99.71	3.73T
Levered Free Cash Flow, 1 Yr. Growth %	-36.61	23.84	-	-164.4	-12
Unlevered Free Cash Flow, 1 Yr. Growth %	-35.39	21.72	-	-168.39	-15.12
Dividend Per Share, 1 Yr. Growth %	5.66	7.14	-	6.9	9.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.1	20.58	-	-3.69	9.34
Gross Profit, 2 Yr. CAGR %	4.99	22.96	-	-3.61	10.76
EBITDA, 2 Yr. CAGR %	6.94	26.65	-	-4.88	10.91
EBITA, 2 Yr. CAGR %	63.38	46.91	-	-3.91	23.1
EBIT, 2 Yr. CAGR %	63.38	46.91	-	-3.91	23.1
Earnings From Cont. Operations, 2 Yr. CAGR %	28.23	84.36	-	-6.54	17.71
Net Income, 2 Yr. CAGR %	32.74	79.57	-	-6.53	17.87
Normalized Net Income, 2 Yr. CAGR %	43.96	57.3	-	-6.87	24.87
Diluted EPS Before Extra, 2 Yr. CAGR %	32.24	79.35	-	-6.59	17.83
Accounts Receivable, 2 Yr. CAGR %	2.5	50.95	-	-4.93	13.34
Inventory, 2 Yr. CAGR %	11.96	24.66	-	-8.17	1.24
Total Assets, 2 Yr. CAGR %	1.56	2.09	-	10.41	-2.04
Tangible Book Value, 2 Yr. CAGR %	3.97	7.97	-	5.63	6.67
Common Equity, 2 Yr. CAGR %	3.97	7.97	-	5.63	6.67
Cash From Operations, 2 Yr. CAGR %	1.8	26.82	-	-5.12	12.64
Capital Expenditures, 2 Yr. CAGR %	263.4	1.16T	-	-91.82	-66.65
Levered Free Cash Flow, 2 Yr. CAGR %	-37.43	-11.13	-	-	-24.62
Unlevered Free Cash Flow, 2 Yr. CAGR %	-36.92	-11.06	-	-	-23.71
Dividend Per Share, 2 Yr. CAGR %	5.83	6.4	-	-	8.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.08	10.07	-	-	3.38
Gross Profit, 3 Yr. CAGR %	5.33	11.45	-	-	4.02
EBITDA, 3 Yr. CAGR %	7.13	14.04	-	-	3.54
EBITA, 3 Yr. CAGR %	10.88	59.72	-	-	9.39
EBIT, 3 Yr. CAGR %	10.88	59.72	-	-	9.39
Earnings From Cont. Operations, 3 Yr. CAGR %	28.53	36.38	-	-	6.54
Net Income, 3 Yr. CAGR %	25.22	38.8	-	-	6.61
Normalized Net Income, 3 Yr. CAGR %	15.52	46.79	-	-	9.48
Diluted EPS Before Extra, 3 Yr. CAGR %	25.04	38.47	-	-	6.6
Accounts Receivable, 3 Yr. CAGR %	0.99	21.47	-	-	5.47
Inventory, 3 Yr. CAGR %	13.97	23.84	-	-	3.78
Total Assets, 3 Yr. CAGR %	-3.66	-0.38	-	-	7.15
Tangible Book Value, 3 Yr. CAGR %	-0.05	5.82	-	-	6.41
Common Equity, 3 Yr. CAGR %	-0.05	5.82	-	-	6.41
Cash From Operations, 3 Yr. CAGR %	8.49	7.38	-	-	4.66
Capital Expenditures, 3 Yr. CAGR %	-8.52	142.36	-	-	-36.49
Levered Free Cash Flow, 3 Yr. CAGR %	42.52	-21.29	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	38.05	-21.32	-	-	-
Dividend Per Share, 3 Yr. CAGR %	5.27	6.27	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.67	11.35	-	-	-
Gross Profit, 5 Yr. CAGR %	11.45	12.63	-	-	-
EBITDA, 5 Yr. CAGR %	15.76	14.79	-	-	-
EBITA, 5 Yr. CAGR %	17.93	129.06	-	-	-
EBIT, 5 Yr. CAGR %	17.93	129.06	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	30.09	29.72	-	-	-
Net Income, 5 Yr. CAGR %	30.85	31.43	-	-	-
Normalized Net Income, 5 Yr. CAGR %	26.19	80.47	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	30.54	31.15	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-5.98	21.3	-	-	-
Inventory, 5 Yr. CAGR %	38.54	13.26	-	-	-
Total Assets, 5 Yr. CAGR %	-1.06	-2.89	-	-	-
Tangible Book Value, 5 Yr. CAGR %	-0.7	2.25	-	-	-
Common Equity, 5 Yr. CAGR %	-0.7	2.25	-	-	-
Cash From Operations, 5 Yr. CAGR %	12.15	19.18	-	-	-
Capital Expenditures, 5 Yr. CAGR %	20.88	-34.03	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	4.67	-29.85	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	4.67	-29.54	-	-	-
Dividend Per Share, 5 Yr. CAGR %	4.94	5.46	-	-	-