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Royal Gold vs Triple Flag Precious Metals: revenue, profit, margins and growth compared

Royal Gold brought in $1B of revenue in fiscal 2025, Triple Flag Precious Metals $388.7M in fiscal 2025. Revenue changed by +43.2% at Royal Gold and +44.5% at Triple Flag Precious Metals on the year before, so Triple Flag Precious Metals grew faster. Royal Gold kept 45.2% of its revenue as net profit, Triple Flag Precious Metals 61.7%.

Side by side, latest fiscal year

RGLDTFPM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1B$388.7M
Revenue growth+43.2%+44.5%
Net income$466.3M$240M
Net margin45.2%61.7%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$6.69$1.18
Cash$233.7M$71.3M
Debt$895.4Mn/a
Price to earnings37.7n/a
Market value$21.4B$6.7B
Dividend yield0.72%n/a
Rank by revenue in sector#270 of 451 · Industrials#340 of 451 · Industrials

Over the years

Revenue
RGLD FY2019: $423.1MRGLD FY2020: $498.8MRGLD FY2021: $615.9MRGLD FY2021: $653.6MRGLD FY2022: $603.2MRGLD FY2023: $605.7MRGLD FY2024: $719.4MRGLD FY2025: $1BTFPM FY2022: $150.4MTFPM FY2022: $151.9MTFPM FY2023: $204MTFPM FY2024: $269MTFPM FY2025: $388.7MFY19FY20FY21FY22FY23FY24FY25
RGLD $1BTFPM $388.7M
Net income
RGLD FY2019: $93.8MRGLD FY2020: $199.3MRGLD FY2021: $302.5MRGLD FY2021: $274MRGLD FY2022: $239MRGLD FY2023: $239.4MRGLD FY2024: $332MRGLD FY2025: $466.3MTFPM FY2022: $45.5MTFPM FY2022: $55.1MTFPM FY2023: $36.3MTFPM FY2024: -$23.1MTFPM FY2025: $240MFY19FY20FY21FY22FY23FY24FY25
RGLD $466.3MTFPM $240M
Net margin
RGLD FY2019: 22.2%RGLD FY2020: 40.0%RGLD FY2021: 49.1%RGLD FY2021: 41.9%RGLD FY2022: 39.6%RGLD FY2023: 39.5%RGLD FY2024: 46.2%RGLD FY2025: 45.2%TFPM FY2022: 30.3%TFPM FY2022: 36.3%TFPM FY2023: 17.8%TFPM FY2024: -8.6%TFPM FY2025: 61.7%FY19FY20FY21FY22FY23FY24FY25
RGLD 45.2%TFPM 61.7%
Revenue growth
RGLD FY2020: +17.9%RGLD FY2021: +23.5%RGLD FY2021: +6.1%RGLD FY2022: -7.7%RGLD FY2023: +0.4%RGLD FY2024: +18.8%RGLD FY2025: +43.2%TFPM FY2022: +1.0%TFPM FY2023: +34.3%TFPM FY2024: +31.8%TFPM FY2025: +44.5%FY20FY21FY22FY23FY24FY25
RGLD +43.2%TFPM +44.5%

Fiscal years as each company reports them; the two may end in different months.

Questions about Royal Gold and Triple Flag Precious Metals

Which is bigger by revenue, Royal Gold or Triple Flag Precious Metals?

Royal Gold is bigger by revenue: $1B in fiscal 2025, against $388.7M for Triple Flag Precious Metals in fiscal 2025.

Which keeps more of its revenue as profit, Royal Gold or Triple Flag Precious Metals?

Royal Gold had a net margin of 45.2% in fiscal 2025; Triple Flag Precious Metals had 61.7% in fiscal 2025.

Which grew revenue faster, Royal Gold or Triple Flag Precious Metals?

In their latest fiscal years revenue changed by +43.2% at Royal Gold and +44.5% at Triple Flag Precious Metals.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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