Royal Gold annual operating margin
2014
2015
2016
2017
2018
2019
2020
2021
2021
2022
2023
2024
2025
Royal Gold Operating Margin Growth & History (RGLD)
Royal Gold's operating margin was 61.93% for fiscal 2025.
View full Royal Gold company overviewRoyal Gold annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 61.93% | +2.17 pp |
| 2024 | 2024-12-31 | 59.76% | +9.70 pp |
| 2023 | 2023-12-31 | 50.06% | +3.02 pp |
| 2022 | 2022-12-31 | 47.03% | −3.21 pp |
| 2021 · Dec 31 | 2021-12-31 | 50.25% | −4.57 pp |
| 2021 · Jun 30 | 2021-06-30 | 54.82% | +14.94 pp |
| 2020 | 2020-06-30 | 39.88% | +6.62 pp |
| 2019 | 2019-06-30 | 33.26% | +49.50 pp |
| 2018 | 2018-06-30 | −16.24% | −49.34 pp |
| 2017 | 2017-06-30 | 33.11% | +31.44 pp |
| 2016 | 2016-06-30 | 1.67% | −34.00 pp |
| 2015 | 2015-06-30 | 35.67% | −12.01 pp |
| 2014 | 2014-06-30 | 47.68% | — |
Royal Gold quarterly operating margin
Q1.15
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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 62.13% | −5.52 pp |
| Q1 2026 | 2026-03-31 | 63.33% | −0.32 pp |
| Q4 2025 | 2025-12-31 | 56.18% | −9.70 pp |
| Q3 2025 | 2025-09-30 | 64.40% | +3.09 pp |
| Q2 2025 | 2025-06-30 | 67.66% | +9.02 pp |
| Q1 2025 | 2025-03-31 | 63.64% | +12.92 pp |
| Q4 2024 | 2024-12-31 | 65.88% | +13.68 pp |
| Q3 2024 | 2024-09-30 | 61.31% | +14.02 pp |
| Q2 2024 | 2024-06-30 | 58.64% | +8.72 pp |
| Q1 2024 | 2024-03-31 | 50.72% | +0.22 pp |
| Q4 2023 | 2023-12-31 | 52.20% | +7.13 pp |
| Q3 2023 | 2023-09-30 | 47.30% | +0.30 pp |
| Q2 2023 | 2023-06-30 | 49.91% | +3.54 pp |
| Q1 2023 | 2023-03-31 | 50.50% | +0.87 pp |
| Q4 2022 | 2022-12-31 | 45.07% | −4.75 pp |
| Q3 2022 | 2022-09-30 | 47.00% | −3.11 pp |
| Q2 2022 | 2022-06-30 | 46.37% | −4.79 pp |
| Q1 2022 · Mar 31 | 2022-03-31 | 49.63% | −0.20 pp |
| Q4 2021 | 2021-12-31 | 49.82% | +0.96 pp |
| Q1 2022 · Sep 30 | 2021-09-30 | 50.11% | −20.16 pp |
| Q4 2021 | 2021-06-30 | 51.16% | +14.01 pp |
| Q3 2021 | 2021-03-31 | 49.83% | +11.51 pp |
| Q2 2021 | 2020-12-31 | 48.85% | +5.74 pp |
| Q1 2021 | 2020-09-30 | 70.27% | +29.20 pp |
| Q4 2020 | 2020-06-30 | 37.16% | +1.96 pp |
| Q3 2020 | 2020-03-31 | 38.32% | −1.03 pp |
| Q2 2020 | 2019-12-31 | 43.11% | +10.89 pp |
| Q1 2020 | 2019-09-30 | 41.07% | +15.74 pp |
| Q4 2019 | 2019-06-30 | 35.20% | +4.02 pp |
| Q3 2019 | 2019-03-31 | 39.35% | +206.16 pp |
| Q2 2019 | 2018-12-31 | 32.22% | −3.60 pp |
| Q1 2019 | 2018-09-30 | 25.34% | −11.76 pp |
| Q4 2018 | 2018-06-30 | 31.18% | −2.66 pp |
| Q3 2018 | 2018-03-31 | −166.80% | −214.18 pp |
| Q2 2018 | 2017-12-31 | 35.82% | — |
| Q1 2018 | 2017-09-30 | 37.09% | — |
| Q1 2016 | 2015-09-30 | 33.85% | — |
| Q1 2015 | 2014-09-30 | 47.37% | — |
Royal Gold operating margin trends
Over the last five reported fiscal years, Royal Gold's operating margin increased from 54.82% to 61.93%, a change of +7.11 percentage points. The latest reported quarter, Q2 2026, shows 62.13%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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.
Review Royal Gold filings at SEC.gov ↗