Coeur Mining vs Royal Gold
Add, change or remove companies; up to four.
The short version
- Coeur Mining is the larger business, with $2.1B of revenue in fiscal 2025 against $1.0B for Royal Gold, about 2.0 times as much.
- Coeur Mining grew revenue faster (96.4%, against 43.2%).
- Royal Gold kept more of each dollar of sales as operating profit (61.9% operating margin, against 34.2%).
| Latest fiscal year | CDE Β· FY25 | RGLD Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $13.9B | $19.4B |
| Revenue | $2.1B | $1.0B |
| Free cash flow | $666M | β |
| Net income | $586M | $466M |
| Growth | ||
| Revenue growth | 96.4% | 43.2% |
| 5-year growth | 21.4% | 15.6% |
| Share count change | 54.7% | 5.8% |
| Profitability | ||
| Gross margin | β | 69.3% |
| Operating margin | 34.2% | 61.9% |
| Net margin | 28.3% | 45.3% |
| FCF margin | 32.2% | β |
| Return on capital | β | 9.7% |
| Return on equity | 26.4% | 9.1% |
| Balance sheet | ||
| Net debt | β | $662M |
| Net debt / EBITDA | β | 0.8x |
| Dividends and buybacks | $0.0M | $119M |
| Valuation & quality | ||
| P/E | β | 25.2x |
| Piotroski F-score | β | 6 |
Revenue
FY16
CDE $572M
RGLD $289M
FY17
CDE $710M
RGLD $441M
FY18
CDE $626M
RGLD $459M
FY19
CDE $712M
RGLD $423M
FY20
CDE $786M
RGLD $499M
FY21
CDE $833M
RGLD $616M
FY22
CDE $786M
RGLD $603M
FY23
CDE $821M
RGLD $606M
FY24
CDE $1.1B
RGLD $719M
FY25
CDE $2.1B
RGLD $1.0B
CDE
RGLD
Operating margin
FY16
CDE β
RGLD 1.7%
FY17
CDE β
RGLD 33.1%
FY18
CDE β
RGLD β16.2%
FY19
CDE β
RGLD 33.3%
FY20
CDE β
RGLD 39.9%
FY21
CDE β
RGLD 54.8%
FY22
CDE β5.0%
RGLD 47.0%
FY23
CDE β4.7%
RGLD 50.1%
FY24
CDE 15.6%
RGLD 59.8%
FY25
CDE 34.2%
RGLD 61.9%
CDE
RGLD
Free cash flow
FY16
CDE $31.4M
RGLD β
FY17
CDE $71.7M
RGLD β
FY18
CDE β$123M
RGLD β
FY19
CDE β$7.9M
RGLD β
FY20
CDE $49.4M
RGLD β
FY21
CDE β$199M
RGLD β
FY22
CDE β$327M
RGLD β
FY23
CDE β$297M
RGLD β
FY24
CDE β$9.0M
RGLD β
FY25
CDE $666M
RGLD β
CDE
RGLD
Return on capital
FY16
CDE 2.6%
RGLD 0.2%
FY17
CDE 3.0%
RGLD 4.1%
FY18
CDE β3.0%
RGLD β2.3%
FY19
CDE β25.6%
RGLD 5.0%
FY20
CDE 4.8%
RGLD 8.8%
FY21
CDE 1.0%
RGLD β
FY22
CDE β2.5%
RGLD β
FY23
CDE β
RGLD 8.3%
FY24
CDE β
RGLD 11.2%
FY25
CDE β
RGLD 9.7%
CDE
RGLD
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.