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

GREENBRIER COMPANIES INC is the larger business by last-quarter revenue ($706.1M vs $375.3M, roughly 1.9× ROYAL GOLD INC). ROYAL GOLD INC runs the higher net margin — 24.9% vs 5.2%, a 19.8% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs -19.4%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% CAGR vs -9.5%).

The Greenbrier Companies is an American publicly traded transportation manufacturing corporation based in Lake Oswego, Oregon, United States. Greenbrier specializes in transportation services, notably freight railcar manufacturing, railcar refurbishment and railcar leasing/management services. The company is one of the leading designers, manufacturers and marketers of rail freight equipment in North America and Europe. It also has operations in South America, Poland, Romania and Turkey. Green...

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.

GBX vs RGLD — Head-to-Head

Bigger by revenue
GBX
GBX
1.9× larger
GBX
$706.1M
$375.3M
RGLD
Growing faster (revenue YoY)
RGLD
RGLD
+104.7% gap
RGLD
85.3%
-19.4%
GBX
Higher net margin
RGLD
RGLD
19.8% more per $
RGLD
24.9%
5.2%
GBX
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
-9.5%
GBX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GBX
GBX
RGLD
RGLD
Revenue
$706.1M
$375.3M
Net Profit
$36.4M
$93.6M
Gross Margin
14.6%
64.6%
Operating Margin
8.7%
56.2%
Net Margin
5.2%
24.9%
Revenue YoY
-19.4%
85.3%
Net Profit YoY
-34.2%
-12.8%
EPS (diluted)
$1.14
$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
GBX
GBX
RGLD
RGLD
Q4 25
$706.1M
$375.3M
Q3 25
$759.5M
$252.1M
Q2 25
$842.7M
$209.6M
Q1 25
$762.1M
$193.4M
Q4 24
$875.9M
$202.6M
Q3 24
$1.1B
$193.8M
Q2 24
$820.2M
$174.1M
Q1 24
$862.7M
$148.9M
Net Profit
GBX
GBX
RGLD
RGLD
Q4 25
$36.4M
$93.6M
Q3 25
$36.8M
$126.8M
Q2 25
$60.1M
$132.3M
Q1 25
$51.9M
$113.5M
Q4 24
$55.3M
$107.4M
Q3 24
$61.6M
$96.2M
Q2 24
$33.9M
$81.2M
Q1 24
$33.4M
$47.2M
Gross Margin
GBX
GBX
RGLD
RGLD
Q4 25
14.6%
64.6%
Q3 25
18.9%
73.6%
Q2 25
18.0%
72.6%
Q1 25
18.2%
69.4%
Q4 24
19.8%
70.3%
Q3 24
18.2%
66.6%
Q2 24
15.1%
64.7%
Q1 24
14.2%
58.4%
Operating Margin
GBX
GBX
RGLD
RGLD
Q4 25
8.7%
56.2%
Q3 25
9.5%
64.4%
Q2 25
11.0%
67.7%
Q1 25
11.0%
63.6%
Q4 24
12.8%
65.9%
Q3 24
11.8%
61.3%
Q2 24
8.8%
58.6%
Q1 24
7.4%
50.7%
Net Margin
GBX
GBX
RGLD
RGLD
Q4 25
5.2%
24.9%
Q3 25
4.8%
50.3%
Q2 25
7.1%
63.1%
Q1 25
6.8%
58.7%
Q4 24
6.3%
53.0%
Q3 24
5.8%
49.7%
Q2 24
4.1%
46.6%
Q1 24
3.9%
31.7%
EPS (diluted)
GBX
GBX
RGLD
RGLD
Q4 25
$1.14
$1.04
Q3 25
$1.21
$1.92
Q2 25
$1.86
$2.01
Q1 25
$1.56
$1.72
Q4 24
$1.72
$1.63
Q3 24
$1.91
$1.46
Q2 24
$1.06
$1.23
Q1 24
$1.03
$0.72

Balance Sheet & Financial Strength

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

Metric
GBX
GBX
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$361.8M
$233.7M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$1.5B
$7.2B
Total Assets
$4.3B
$9.5B
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GBX
GBX
RGLD
RGLD
Q4 25
$361.8M
$233.7M
Q3 25
$306.1M
$172.8M
Q2 25
$296.8M
$248.2M
Q1 25
$263.5M
$240.8M
Q4 24
$300.0M
$195.5M
Q3 24
$351.8M
$127.9M
Q2 24
$271.6M
$74.2M
Q1 24
$252.0M
$137.9M
Total Debt
GBX
GBX
RGLD
RGLD
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
Q1 25
Q4 24
Q3 24
$1.8B
$0
Q2 24
$50.0M
Q1 24
Stockholders' Equity
GBX
GBX
RGLD
RGLD
Q4 25
$1.5B
$7.2B
Q3 25
$1.5B
$3.4B
Q2 25
$1.5B
$3.3B
Q1 25
$1.5B
$3.2B
Q4 24
$1.4B
$3.1B
Q3 24
$1.4B
$3.0B
Q2 24
$1.3B
$3.0B
Q1 24
$1.3B
$2.9B
Total Assets
GBX
GBX
RGLD
RGLD
Q4 25
$4.3B
$9.5B
Q3 25
$4.4B
$4.5B
Q2 25
$4.4B
$3.6B
Q1 25
$4.3B
$3.5B
Q4 24
$4.3B
$3.4B
Q3 24
$4.3B
$3.3B
Q2 24
$4.1B
$3.3B
Q1 24
$4.0B
$3.3B
Debt / Equity
GBX
GBX
RGLD
RGLD
Q4 25
1.15×
Q3 25
1.14×
Q2 25
Q1 25
Q4 24
Q3 24
1.28×
0.00×
Q2 24
0.02×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
GBX
GBX
RGLD
RGLD
Operating Cash FlowLast quarter
$76.2M
$241.7M
Free Cash FlowOCF − Capex
$18.7M
FCF MarginFCF / Revenue
2.6%
Capex IntensityCapex / Revenue
8.1%
Cash ConversionOCF / Net Profit
2.09×
2.58×
TTM Free Cash FlowTrailing 4 quarters
$128.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GBX
GBX
RGLD
RGLD
Q4 25
$76.2M
$241.7M
Q3 25
$98.0M
$174.0M
Q2 25
$139.2M
$152.8M
Q1 25
$93.6M
$136.4M
Q4 24
$-65.1M
$141.1M
Q3 24
$191.2M
$136.7M
Q2 24
$84.0M
$113.5M
Q1 24
$99.1M
$138.3M
Free Cash Flow
GBX
GBX
RGLD
RGLD
Q4 25
$18.7M
Q3 25
$26.7M
Q2 25
$56.5M
Q1 25
$26.3M
Q4 24
$-124.2M
Q3 24
$117.6M
Q2 24
$-50.2M
Q1 24
$-23.1M
FCF Margin
GBX
GBX
RGLD
RGLD
Q4 25
2.6%
Q3 25
3.5%
Q2 25
6.7%
Q1 25
3.5%
Q4 24
-14.2%
Q3 24
11.2%
Q2 24
-6.1%
Q1 24
-2.7%
Capex Intensity
GBX
GBX
RGLD
RGLD
Q4 25
8.1%
Q3 25
9.4%
Q2 25
9.8%
Q1 25
8.8%
Q4 24
6.7%
Q3 24
7.0%
Q2 24
16.4%
Q1 24
14.2%
Cash Conversion
GBX
GBX
RGLD
RGLD
Q4 25
2.09×
2.58×
Q3 25
2.66×
1.37×
Q2 25
2.32×
1.15×
Q1 25
1.80×
1.20×
Q4 24
-1.18×
1.31×
Q3 24
3.10×
1.42×
Q2 24
2.48×
1.40×
Q1 24
2.97×
2.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GBX
GBX

Rail Cars$456.6M65%
Other$118.6M17%
Railcar Maintenance$84.9M12%
Leasing And Fleet Management$46.0M7%

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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