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Side-by-side financial comparison of Ecovyst Inc. (ECVT) and ROYAL GOLD INC (RGLD). Click either name above to swap in a different company.

ROYAL GOLD INC is the larger business by last-quarter revenue ($375.3M vs $199.4M, roughly 1.9× Ecovyst Inc.). On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs 34.0%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% CAGR vs 18.7%).

Ecovyst Inc. is a global sustainable specialty materials provider that develops and manufactures high-performance catalysts and functional additives. Its offerings serve key segments including industrial manufacturing, consumer goods, and environmental protection, helping clients improve operational efficiency and lower carbon emissions across North America, Europe, and Asia-Pacific markets.

Royal Gold Inc. is a leading precious metals streaming and royalty firm that acquires and manages a diversified portfolio of streaming interests, royalties, and equity interests tied to mining projects. Its assets cover gold, silver, and copper production across North America, South America, Africa, and Australia, operating with a low-risk model that avoids direct mining operations.

ECVT vs RGLD — Head-to-Head

Bigger by revenue
RGLD
RGLD
1.9× larger
RGLD
$375.3M
$199.4M
ECVT
Growing faster (revenue YoY)
RGLD
RGLD
+51.3% gap
RGLD
85.3%
34.0%
ECVT
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
18.7%
ECVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECVT
ECVT
RGLD
RGLD
Revenue
$199.4M
$375.3M
Net Profit
$93.6M
Gross Margin
23.4%
64.6%
Operating Margin
10.9%
56.2%
Net Margin
24.9%
Revenue YoY
34.0%
85.3%
Net Profit YoY
-12.8%
EPS (diluted)
$0.06
$1.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ECVT
ECVT
RGLD
RGLD
Q4 25
$199.4M
$375.3M
Q3 25
$204.9M
$252.1M
Q2 25
$176.1M
$209.6M
Q1 25
$143.1M
$193.4M
Q4 24
$148.9M
$202.6M
Q3 24
$153.9M
$193.8M
Q2 24
$154.0M
$174.1M
Q1 24
$141.6M
$148.9M
Net Profit
ECVT
ECVT
RGLD
RGLD
Q4 25
$93.6M
Q3 25
$-79.3M
$126.8M
Q2 25
$6.0M
$132.3M
Q1 25
$-3.6M
$113.5M
Q4 24
$107.4M
Q3 24
$14.3M
$96.2M
Q2 24
$8.3M
$81.2M
Q1 24
$1.2M
$47.2M
Gross Margin
ECVT
ECVT
RGLD
RGLD
Q4 25
23.4%
64.6%
Q3 25
25.4%
73.6%
Q2 25
22.8%
72.6%
Q1 25
13.3%
69.4%
Q4 24
28.9%
70.3%
Q3 24
29.3%
66.6%
Q2 24
27.3%
64.7%
Q1 24
23.5%
58.4%
Operating Margin
ECVT
ECVT
RGLD
RGLD
Q4 25
10.9%
56.2%
Q3 25
13.8%
64.4%
Q2 25
9.0%
67.7%
Q1 25
-0.7%
63.6%
Q4 24
15.1%
65.9%
Q3 24
17.9%
61.3%
Q2 24
14.1%
58.6%
Q1 24
9.5%
50.7%
Net Margin
ECVT
ECVT
RGLD
RGLD
Q4 25
24.9%
Q3 25
-38.7%
50.3%
Q2 25
3.4%
63.1%
Q1 25
-2.5%
58.7%
Q4 24
53.0%
Q3 24
9.3%
49.7%
Q2 24
5.4%
46.6%
Q1 24
0.9%
31.7%
EPS (diluted)
ECVT
ECVT
RGLD
RGLD
Q4 25
$0.06
$1.04
Q3 25
$-0.69
$1.92
Q2 25
$0.05
$2.01
Q1 25
$-0.03
$1.72
Q4 24
$-0.26
$1.63
Q3 24
$0.12
$1.46
Q2 24
$0.07
$1.23
Q1 24
$0.01
$0.72

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ECVT
ECVT
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$197.2M
$233.7M
Total DebtLower is stronger
$392.6M
Stockholders' EquityBook value
$603.4M
$7.2B
Total Assets
$1.3B
$9.5B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECVT
ECVT
RGLD
RGLD
Q4 25
$197.2M
$233.7M
Q3 25
$82.0M
$172.8M
Q2 25
$69.6M
$248.2M
Q1 25
$127.5M
$240.8M
Q4 24
$131.4M
$195.5M
Q3 24
$123.5M
$127.9M
Q2 24
$83.3M
$74.2M
Q1 24
$103.1M
$137.9M
Total Debt
ECVT
ECVT
RGLD
RGLD
Q4 25
$392.6M
Q3 25
$854.8M
Q2 25
$856.6M
Q1 25
$859.0M
Q4 24
$860.8M
Q3 24
$862.7M
$0
Q2 24
$862.4M
$50.0M
Q1 24
$866.2M
Stockholders' Equity
ECVT
ECVT
RGLD
RGLD
Q4 25
$603.4M
$7.2B
Q3 25
$607.9M
$3.4B
Q2 25
$692.4M
$3.3B
Q1 25
$698.7M
$3.2B
Q4 24
$700.5M
$3.1B
Q3 24
$729.4M
$3.0B
Q2 24
$717.3M
$3.0B
Q1 24
$711.4M
$2.9B
Total Assets
ECVT
ECVT
RGLD
RGLD
Q4 25
$1.3B
$9.5B
Q3 25
$1.7B
$4.5B
Q2 25
$1.8B
$3.6B
Q1 25
$1.8B
$3.5B
Q4 24
$1.8B
$3.4B
Q3 24
$1.8B
$3.3B
Q2 24
$1.8B
$3.3B
Q1 24
$1.8B
$3.3B
Debt / Equity
ECVT
ECVT
RGLD
RGLD
Q4 25
0.65×
Q3 25
1.41×
Q2 25
1.24×
Q1 25
1.23×
Q4 24
1.23×
Q3 24
1.18×
0.00×
Q2 24
1.20×
0.02×
Q1 24
1.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ECVT
ECVT
RGLD
RGLD
Operating Cash FlowLast quarter
$41.8M
$241.7M
Free Cash FlowOCF − Capex
$22.9M
FCF MarginFCF / Revenue
11.5%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
2.58×
TTM Free Cash FlowTrailing 4 quarters
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECVT
ECVT
RGLD
RGLD
Q4 25
$41.8M
$241.7M
Q3 25
$55.3M
$174.0M
Q2 25
$33.0M
$152.8M
Q1 25
$10.3M
$136.4M
Q4 24
$43.5M
$141.1M
Q3 24
$59.9M
$136.7M
Q2 24
$10.0M
$113.5M
Q1 24
$36.5M
$138.3M
Free Cash Flow
ECVT
ECVT
RGLD
RGLD
Q4 25
$22.9M
Q3 25
$53.2M
Q2 25
$7.8M
Q1 25
$-14.0M
Q4 24
$30.9M
Q3 24
$53.6M
Q2 24
$-9.3M
Q1 24
$19.1M
FCF Margin
ECVT
ECVT
RGLD
RGLD
Q4 25
11.5%
Q3 25
26.0%
Q2 25
4.4%
Q1 25
-9.8%
Q4 24
20.7%
Q3 24
34.9%
Q2 24
-6.1%
Q1 24
13.5%
Capex Intensity
ECVT
ECVT
RGLD
RGLD
Q4 25
9.4%
Q3 25
1.0%
Q2 25
14.4%
Q1 25
16.9%
Q4 24
8.5%
Q3 24
4.1%
Q2 24
12.5%
Q1 24
12.3%
Cash Conversion
ECVT
ECVT
RGLD
RGLD
Q4 25
2.58×
Q3 25
1.37×
Q2 25
5.52×
1.15×
Q1 25
1.20×
Q4 24
1.31×
Q3 24
4.21×
1.42×
Q2 24
1.20×
1.40×
Q1 24
29.90×
2.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ECVT
ECVT

Industrial Mining Automotive$101.3M51%
Regeneration And Treatment Services$90.0M45%
Other$8.1M4%

RGLD
RGLD

Gold$216.9M58%
Pueblo Viejo$47.3M13%
Andacollo$32.6M9%
Silver$32.1M9%
Other$27.2M7%
Copper$13.7M4%
Cortez Legacy Zone$5.4M1%

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