RGLDROYAL GOLD INC
Mineral Royalty Traders
- Revenue
- $1.0B
- 43% YoY
- Operating margin
- 61.9%
- 3.6% YoY
- EBITDA
- $815M
- 42% YoY
- Market cap
- $19.4B
- Employees
- 200,000
- $5K revenue each
- Net debt / EBITDA
- -0.2×
- −$182M net debt
- AI in 10-K
- 0.2
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo151% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo17% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 3 of 4
- Low revenue per employeeYes$5K · 1st pctBottom quartile of its SIC industry
- Quiet on AIYes0.2 per 10K words · 11th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.2× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$19.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$6M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $654M | $603M | $606M | $719M | $1.0B | 43% |
| Operating income | $328M | $284M | $303M | $430M | $638M | 48% |
| Net income | $274M | $239M | $239M | $332M | $466M | 40% |
| Operating cash flow | $462M | $417M | $416M | $530M | $705M | 33% |
| Stock-based comp | $6M | $8M | $10M | $12M | $12M | 0.7% |
| Dividends | $79M | $92M | $99M | $105M | $119M | 13% |
Deal filings
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $6M · 27
- Net
- −$6M
Pay vs performance
No pay-versus-performance disclosure yet.