Allied Gold vs Royal Gold
Allied Gold is the larger business, with $1.33bn of revenue in fiscal 2025 against $1.03bn for Royal Gold (1.3 times as much). Allied Gold grew faster (82.3% against 43.2%). Royal Gold kept more of each dollar of sales as profit: a net margin of 45.2% against -3.9%. Royal Gold carries less debt relative to equity (12.6% against 37.9%).
| Latest fiscal year | Allied GoldAAUC, 2025 | Royal GoldRGLD, 2025 |
|---|---|---|
| Revenue | $1.33bn | $1.03bn |
| Revenue growth | 82.3% | 43.2% |
| Net income | −$51.8m | $466m |
| Operating margin | — | 61.9% |
| Net margin | -3.9% | 45.2% |
| Return on equity | -13.8% | 9.1% |
| Free cash flow | $106m | — |
| Cash | $480m | $234m |
| Total debt | $154m | $900m |
| Debt to equity | 37.9% | 12.6% |
| Dividend per share | — | $1.82 |
| Dividend yield | — | 0.7% |
| Share buybacks | — | — |
| Employees | — | 39 |
| Market value | $2.35bn | $19.61bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | 62 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 27 sales |