# Royal Gold Inc (RGLD) — Stock CV

Royal Gold Inc is a $20.1B financial services company. Revenue grew 92.8% over the last year, and it keeps 48¢ of every dollar of sales as profit. It trades at 27.1× earnings — in the cheapest third of its own history.

> Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for mining operations.

## Identity

- **Ticker**: RGLD
- **Sector**: Financial Services
- **Industry**: Mineral Royalty Traders
- **Headquarters**: DENVER, CO
- **Employees**: 39
- **Website**: https://www.royalgold.com
- **Market cap**: $20.1B
- **Last price**: $236.68
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $1.55B
- **Net income**: $738M
- **Free cash flow**: $50.6M
- **Net debt**: $662M
- **P/E**: 27.1
- **Revenue growth (YoY)**: 92.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 42 |
| Growth | 85 |
| Profitability | 67 |
| Health | 63 |
| Quality | 42 |
| Moat | 55 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +92.8% YoY
- [x] Profitable — $738M TTM
- [x] Profit growing — +22.6% YoY
- [x] Generates cash — $50.6M TTM
- [ ] Debt under control — ~13.1y of cash flow to repay
- [x] Established company — $20.1B market cap
- [x] Not printing shares — +6.0% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — health score 43/100
- [x] Pays a dividend — yield 0.70%
- [x] Valuation not extreme — P/E 27.1

## Experience (career milestones)

- **FY2025** — Revenue crossed $1B: $1.03B for the year
- **FY2025** — Best year on record: $466M net income
- **FY2020** — Became debt-free: cash now exceeds total debt
- **FY2017** — Turned profitable: $102M net income after a loss year

## Strengths

- High gross margin (86.2%)
- Strongly profitable — 47.7% net margin
- Revenue growing 92.8% year over year
- Interest covered 9.9× by operating earnings

## Watch-outs

- Loss-making in 2 of the recent years
- Net debt equals ~13.1 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $616M | $303M | $6.77M |
| FY2022 | $603M | $239M | -$505M |
| FY2023 | $606M | $239M | $413M |
| FY2024 | $719M | $332M | $427M |
| FY2025 | $1.03B | $466M | -$460M |

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Source: https://stockcv.com/RGLD — derived from company filings; may be delayed or incomplete. Information, not investment advice.