Royal Gold annual gross margin
2015
2016
2017
2018
2019
2020
2021
2021
2022
2023
2024
2025
Royal Gold Gross Margin Growth & History (RGLD)
Royal Gold's gross margin was 69.32% for fiscal 2025.
View full Royal Gold company overviewRoyal Gold annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 69.32% | +3.82 pp |
| 2024 | 2024-12-31 | 65.50% | +8.80 pp |
| 2023 | 2023-12-31 | 56.69% | +3.13 pp |
| 2022 | 2022-12-31 | 53.56% | +24.99 pp |
| 2021 · Dec 31 | 2021-12-31 | 28.57% | — |
| 2021 · Jun 30 | 2021-06-30 | 54.07% | +6.75 pp |
| 2020 | 2020-06-30 | 47.32% | +5.12 pp |
| 2019 | 2019-06-30 | 42.21% | −3.40 pp |
| 2018 | 2018-06-30 | 45.61% | +2.00 pp |
| 2017 | 2017-06-30 | 43.61% | −56.39 pp |
| 2016 | 2016-06-30 | 100.00% | 0.00 pp |
| 2015 | 2015-06-30 | 100.00% | — |
Royal Gold quarterly gross margin
Q1.16
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 64.61% | −7.99 pp |
| Q1 2026 | 2026-03-31 | 67.12% | −2.28 pp |
| Q4 2025 | 2025-12-31 | 64.60% | −5.72 pp |
| Q3 2025 | 2025-09-30 | 73.57% | +7.00 pp |
| Q2 2025 | 2025-06-30 | 72.60% | +7.87 pp |
| Q1 2025 | 2025-03-31 | 69.40% | +10.96 pp |
| Q4 2024 | 2024-12-31 | 70.32% | +11.68 pp |
| Q3 2024 | 2024-09-30 | 66.57% | +12.03 pp |
| Q2 2024 | 2024-06-30 | 64.72% | +8.42 pp |
| Q1 2024 | 2024-03-31 | 58.44% | +1.41 pp |
| Q4 2023 | 2023-12-31 | 58.63% | +5.45 pp |
| Q3 2023 | 2023-09-30 | 54.54% | +1.70 pp |
| Q2 2023 | 2023-06-30 | 56.31% | +3.49 pp |
| Q1 2023 | 2023-03-31 | 57.03% | +1.82 pp |
| Q4 2022 | 2022-12-31 | 53.18% | +100.20 pp |
| Q3 2022 | 2022-09-30 | 52.84% | −1.41 pp |
| Q2 2022 | 2022-06-30 | 52.81% | −2.70 pp |
| Q1 2022 · Mar 31 | 2022-03-31 | 55.21% | +0.45 pp |
| Q4 2021 | 2021-12-31 | −47.02% | −100.22 pp |
| Q1 2022 · Sep 30 | 2021-09-30 | 54.25% | +1.55 pp |
| Q4 2021 | 2021-06-30 | 55.51% | +11.29 pp |
| Q3 2021 | 2021-03-31 | 54.76% | +8.94 pp |
| Q2 2021 | 2020-12-31 | 53.19% | +3.37 pp |
| Q1 2021 | 2020-09-30 | 52.70% | +3.11 pp |
| Q4 2020 | 2020-06-30 | 44.22% | +2.09 pp |
| Q3 2020 | 2020-03-31 | 45.82% | −0.08 pp |
| Q2 2020 | 2019-12-31 | 49.82% | +9.08 pp |
| Q1 2020 | 2019-09-30 | 49.59% | +9.92 pp |
| Q4 2019 | 2019-06-30 | 42.13% | +103.93 pp |
| Q3 2019 | 2019-03-31 | 45.89% | −35.70 pp |
| Q2 2019 | 2018-12-31 | 40.74% | −41.89 pp |
| Q1 2019 | 2018-09-30 | 39.67% | −42.17 pp |
| Q4 2018 | 2018-06-30 | −61.80% | — |
| Q3 2018 | 2018-03-31 | 81.60% | — |
| Q2 2018 | 2017-12-31 | 82.63% | — |
| Q1 2018 | 2017-09-30 | 81.85% | — |
| Q1 2016 | 2015-09-30 | 100.00% | — |
Royal Gold gross margin trends
Between the periods ended 2015-06-30 and 2025-12-31, Royal Gold's gross margin decreased from 100.00% to 69.32%, a change of −30.68 percentage points. The latest reported quarter, Q2 2026, shows 64.61%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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