Royal Gold, Inc.

RGLDNASDAQBasic Materials● Active

$206.07

$-14.10(-6.40%)

Market Cap$14.3B

P/E Ratio—

52W High$306.25

52W Low$150.75

Avg Volume949K

Open$216.00

Beta0.42

Free Cash Flow Financials Revenue

Royal Gold, Inc. (RGLD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

RGLD · free cash flow · updated Jun 8, 2026

Core FCF metrics

RGLD · FCF · TTM · margin & CAGR

Free cash flow was $704.8M for FY2025 (fiscal year ending 2025-12-31), up 65.1% year-over-year The FCF margin was 68.4%. Five-year CAGR stands at +24.1%.

FY2025 Free Cash Flow$704.8M▲ +65.1% YoY

Trailing 12M (TTM)−$244.2MTrailing 4Q sum · TTM negative vs latest FY positive

FCF Margin68.4%$704.8M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+24.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

RGLD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$704.8M(0M)$704.8M▲ +65.1%68.4%

FY2024$529.5M(103M)$426.9M▲ +3.3%59.9%

FY2023$415.8M(3M)$413.1M▲ +181.8%69.0%

FY2022$417.3M(922M)−$504.8M▼ 311.2%-84.7%

FY2021$407.2M(168M)$239.0M▲ +0.0%37.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

RGLD · P/FCF · FCF yield · FCF per share

Royal Gold, Inc. (RGLD) valuation ratios are currently unavailable — market cap, share count, or TTM data could not be retrieved from our data provider.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

Valuation ratios are unavailable — market cap, share count, or TTM data could not be retrieved. Individual metrics are shown where available.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

RGLD · cash flow statement · operating / investing / financing

For FY2025, Royal Gold, Inc. generated $704.8M in operating cash flow and spent 0M in capital expenditures, yielding $704.8M in free cash flow.

Operating Activities

+$704.8M

Cash from core business operations

2025-12-31

Investing Activities

−$1.42B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$751.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($704.8M) − |CapEx| (0M) = FCF ($704.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

RGLD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Royal Gold, Inc.YOU

RGLD

$704.8M+65.1%68.4%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Royal Gold, Inc. (RGLD) reported free cash flow of $704.8M for FY2025 (fiscal year ending 2025-12-31), up 65.1% year-over-year. The FCF margin was 68.4%.

Based on available data, Royal Gold, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $704.8M in FY2025. The 5-year CAGR stands at +24.1%.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

RGLD free cash flow · 8 questions

Royal Gold, Inc. free cash flow was $704.8M for FY2025, up 65.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$244.2M.

RGLD free cash flowRGLD FCFRGLD FCF 2025RGLD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Royal Gold, Inc. · Royal Gold, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026