The Filing Desk

Agnico Eagle vs Royal Gold

Agnico Eagle AEM · Royal Gold RGLD · Gold

Agnico Eagle reported revenue of $11.9 billion in fiscal 2025, 11.6 times Royal Gold's $1.0 billion in fiscal 2025. Agnico Eagle's revenue grew 43.7% in its latest year, and Royal Gold's grew 43.2%.

Side by side

Agnico EagleRoyal Gold
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$11.9B$1.0B
Revenue growth43.7%43.2%
Revenue growth a year, last 5 years30.6%15.6%
Gross margin72.0%69.3%
Operating margin—61.9%
Net margin37.5%45.2%
Free cash flow$4.4B—
Free cash flow margin36.9%—
Return on capital21.0%9.7%
Net debt to EBITDA−0.3x0.8x
Dividends and buybacks$1.4B$118M
Change in diluted share count0.5%5.8%
Last close$191.57$265.81
P/E at the last close—27.1×
Insider trades, last 12 months—sold $5.8 million
Piotroski F-score8 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Agnico EagleRoyal Gold
Operating margin
Percent of revenue
Agnico EagleRoyal Gold
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Agnico EagleRoyal Gold

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Agnico Eagle and Royal Gold pages.