Royal Gold Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Royal Gold Inc (RGLD) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Royal Gold Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,547M vs 88,663M combined for tracked competitors (1.7% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+16.5% annualized vs trailing 12 months), vs decelerating (-16.0%) for its tracked peer group.
- Growth: Royal Gold Inc generated 114.9% revenue growth year over year in Q2 2026, vs 12.8% for its tracked competitors combined.
- Profitability: Its 52.7% net margin compares with 28.9% for the peer group.
- Scale: Royal Gold Inc ranks #14 of 155 companies by market capitalization in the Metal Mining industry, holding 1.5% of industry market cap.
- Peer revenue share: Royal Gold Inc accounted for 2.4% of combined revenue among its tracked peer group, up from 1.3% a year earlier.
- Peer differentiation: Revenue per employee of $39.67M compares with $1.32M for the peer group (30.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
RGLD Sales vs. its Competitors, Q2 2026
Royal Gold Inc reported revenue growth of 114.91 % year on year in Q2 2026, above its competitors' combined revenue growth of 12.78 %.
With a net margin of 52.73 %, Royal Gold Inc achieved higher profitability than its competitors (28.91 %).
Royal Gold Inc generated 2.36 % of the combined sales of its peer group, up from 1.25 % a year earlier.
Royal Gold Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Royal Gold Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Royal Gold Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Royal Gold Inc's competitor groups requires a Commercial License.
For context: the Metal Mining industry grew revenue 20.5% year over year, combined, vs 114.9% for Royal Gold Inc. Royal Gold Inc's share of combined industry revenue moved from 0.08% to 0.15%, a gain of 0.06 percentage points.
Royal Gold Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Royal Gold Inc | Yes | Yes | Yes | Yes |
| Competitors combined (30) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
RGLD Stock Performance relative to its Competitors
RGLD Stock Performance relative to High-Confidence Competitors
RGLD Stock Performance relative to Similar-Size Competitors
RGLD Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Gold Resource Corp | 282.9% | Outperformed |
| 2 | Augusta Gold Corp | 282.9% | Outperformed |
| 3 | Freeport mcmoran Inc | 282.9% | Outperformed |
| 4 | Southern Copper Corp | 282.9% | Outperformed |
| 5 | International Tower Hill Mines Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Royal Gold Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Royal Gold Inc's Comment on Competition and Industry Peers
The mining industry in general and streaming and royalty segments in particular are competitive. We compete with other streaming and royalty companies, mine operators, and financial buyers in efforts to acquire existing royalty interests, and with the lenders, investors, and streaming and royalty companies providing financing to operators of mineral properties in our efforts to create new royalty interests. Our competitors in the lending and mining business may be larger than we are and may have greater resources and access to capital than we have. Key competitive factors in the stream and royalty acquisition and financing business include the ability to identify and evaluate potential opportunities, transaction structure and consideration, and access to capital.
Publicly Traded Peers of Royal Gold Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Royal Gold Inc | 20,439.72 | 1,547.06 |
| Southern Copper Corp | 168,000.53 | 15,787.50 |
| Newmont Corporation | 123,825.35 | 25,767.00 |
| Freeport mcmoran Inc | 103,780.56 | 25,868.00 |
| Coeur Mining Inc | 18,485.19 | 3,171.20 |
| Hecla Mining Company | 11,484.37 | 1,573.11 |
| SUBTOTAL | 459,653.08 | 91,946.05 |
Sign in to see all competitors of Royal Gold Inc.
Sources: Royal Gold Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Royal Gold Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Royal Gold Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Triple Flag Precious Metals Corp | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Royal Gold Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Royal Gold Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Royal Gold Inc | Stream interest 66.67 % |
| Southern Copper Corp | Reportable subsegments 100.00 % |
| Freeport mcmoran Inc | Rod and Refining 33.08 % |
| Hecla Mining Company | Keno Hill 0.39 % |
| Gold Resource Corp | Oaxaca Mexico Segment 100.00 % |
| Comstock Inc | Metals Segment 86.16 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Royal Gold Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Royal Gold Inc | 20,440 | 39,668,103 | 19,097,205 |
| Southern Copper Corp | 168,001 | 950,081 | 341,752 |
| Newmont Corporation | 123,825 | 1,472,400 | 501,086 |
| Freeport mcmoran Inc | 103,781 | 892,000 | 158,276 |
| Coeur Mining Inc | 18,485 | 1,210,381 | 324,583 |
| Hecla Mining Company | 11,484 | 843,492 | 146,816 |
| PEERS TOTAL | 439,213 | 1,323,907 | 342,700 |
Royal Gold Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Southern Copper Corp | Other European Countries 6.87 % |
| Coeur Mining Inc | Mexico 44.60 % |
| Verde Resources Inc | US 96.41 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Royal Gold Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 131 companies in Royal Gold Inc's industry classification, broader than the peer set above. Market cap in millions of $.Royal Gold Inc ranks #14 of 131 companies by market capitalization in its industry, holding 1.50 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 751, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Bhp Group Limited | 211,645 | 15.27 % |
| 2 | Southern Copper Corp | 166,346 | 12.00 % |
| 3 | Rio Tinto Plc | 152,559 | 11.01 % |
| 4 | Newmont Corporation | 124,220 | 8.96 % |
| 5 | Freeport mcmoran Inc | 1,234 | 5.2% |
| 6 | Agnico Eagle Mines Limited | 1,234 | 5.2% |
| 7 | Wheaton Precious Metals Corp | 1,234 | 5.2% |
| 8 | Franco nevada Corporation | 1,234 | 5.2% |
| 9 | Anglogold Ashanti Plc | 1,234 | 5.2% |
| 10 | Cameco Corporation | 1,234 | 5.2% |
| 14 | Royal Gold Inc | 20,851 | 1.50 % |
Market cap and industry share for the rest of Royal Gold Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Royal Gold Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 9 | Anglogold Ashanti Plc | 39,371 | 42.58 % |
| 10 | Cameco Corporation | 37,532 | 0.78 % |
| 11 | Gold Fields Limited | 32,452 | -9.66 % |
| 12 | Kinross Gold Corp | 29,244 | 1.02 % |
| 13 | Sibanye Stillwater Limited | 1,234 | 12.3% |
| 14 | Royal Gold Inc | 20,851 | 26.95 % |
| 15 | Coeur Mining Inc | 1,234 | 12.3% |
| 16 | Pan American Silver Corp | 1,234 | 12.3% |
| 17 | Alamos Gold Inc | 1,234 | 12.3% |
| 18 | Iamgold Corporation | 1,234 | 12.3% |
| 19 | Hudbay Minerals Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Royal Gold Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Royal Gold Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Metal Mining industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (72 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 80.48 % | 43.61 % (avg) | +36.9 pp |
| Operating Margin | 61.42 % | industry median | +84.3 pp |
| EBITDA Margin | 77.63 % | 21.74 % (avg) | +55.9 pp |
| Capital Intensity (Capex / Revenue) | - | 19.41 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Royal Gold Inc's Valuation vs Competitive Position
Valuation multiples vs the Metal Mining industry average (72 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 22.6x | 21.8x | +0.8x |
| EV / EBITDA | 15.3x | 13.3x | +2.1x |
| P/B | 2.8x | 3.5x | -0.7x |
| Return on Equity | 11.58 % | industry aggregate | -7.60 % |
| Return on Invested Capital | 6.23 % | 7.81 % (avg) | -1.58 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Royal Gold Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 7.32 % | -2.92 % | 8.86 % | 20.04 % | -6.25 % | 0.42 % | 18.77 % | 43.24 % |
| Operating Margin | 34.62 % | -23.37 % | 39.76 % | 49.40 % | 47.03 % | 50.06 % | 59.76 % | 61.93 % |
| Return on Invested Capital | 2.84 % | -2.08 % | 3.89 % | 5.52 % | 4.90 % | 4.88 % | 6.72 % | 6.46 % |
| P/E | 97.4x | - | 45.5x | 28.6x | 31.1x | 32.1x | 28.0x | 31.8x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Royal Gold Inc's Strategic Group Map
Every company in Royal Gold Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Royal Gold Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Royal Gold Inc's BCG Growth-Share Matrix
Relative market share (vs Royal Gold Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Royal Gold Inc falls in the Question Mark quadrant: relative market share of 0.10x vs its largest competitor, in an industry growing revenue 33.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Royal Gold Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 751 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Royal Gold Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Royal Gold Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Royal Gold Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Royal Gold Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Royal Gold Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 84.3 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+16.5% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 7.6 points below the industry aggregate.
- Low relative market share vs the industry leader (0.10x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 33.6% median pace.
- A meaningful share of tracked competitors (33.30 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-16.0% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Royal Gold Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Royal Gold Inc | 1.77 | 3.12 | 0.10 |
| Southern Copper Corp | 2.36 | 4.46 | 0.61 |
| Newmont Corporation | 1.44 | 2.33 | 0.15 |
| Freeport mcmoran Inc | 0.70 | 2.29 | 0.31 |
| Coeur Mining Inc | 1.65 | 3.07 | 0.00 |
| Hecla Mining Company | 1.58 | 3.12 | 0.14 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Royal Gold Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Royal Gold Inc | Q2 2026 | +114.9 % | +79.3 % |
| Southern Copper Corp | Q2 2026 | +40.6 % | +71.5 % |
| Newmont Corporation | Q2 2026 | +15.1 % | +8.5 % |
| Freeport mcmoran Inc | Q2 2026 | -7.3 % | +80.2 % |
| Coeur Mining Inc | Q2 2026 | +125.9 % | +72.3 % |
| Hecla Mining Company | Q1 2026 | +57.4 % | - |
| PEERS TOTAL | +119.0 % | +28.0 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Royal Gold Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Royal Gold Inc | Q2 2026 | +148.5 % | -55.6 % |
| Southern Copper Corp | Q2 2026 | +14.7 % | +79.4 % |
| Newmont Corporation | Q2 2026 | +4.3 % | +6.7 % |
| Freeport mcmoran Inc | Q2 2026 | -2.2 % | - |
| Coeur Mining Inc | Q2 2026 | +408.9 % | +106.7 % |
| Hecla Mining Company | Q1 2026 | +15.8 % | +3.8 % |
Royal Gold Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Royal Gold Inc | 9.04% | 8.45% | 11.58% |
| Southern Copper Corp | 25.88% | 28.19% | 49.18% |
| Newmont Corporation | 15.44% | 17.36% | 25.42% |
| Freeport mcmoran Inc | 7.86% | 7.15% | 14.70% |
| Coeur Mining Inc | 8.57% | 10.48% | 12.49% |
| Hecla Mining Company | 8.13% | 8.13% | 11.04% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Royal Gold Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Royal Gold Inc | 25.70 | 13.21 |
| Southern Copper Corp | 30.06 | 10.64 |
| Newmont Corporation | 14.69 | 4.81 |
| Freeport mcmoran Inc | 35.25 | 4.01 |
| Coeur Mining Inc | 14.53 | 5.83 |
| Hecla Mining Company | 41.49 | 7.30 |
| PEERS AVERAGE | 19.04 | 5.00 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.