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Side-by-side financial comparison of Magnolia Oil & Gas Corp (MGY) 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 $317.6M, roughly 1.2× Magnolia Oil & Gas Corp). ROYAL GOLD INC runs the higher net margin — 24.9% vs 21.6%, a 3.3% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs -2.7%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% CAGR vs -0.3%).

Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.

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.

MGY vs RGLD — Head-to-Head

Bigger by revenue
RGLD
RGLD
1.2× larger
RGLD
$375.3M
$317.6M
MGY
Growing faster (revenue YoY)
RGLD
RGLD
+88.0% gap
RGLD
85.3%
-2.7%
MGY
Higher net margin
RGLD
RGLD
3.3% more per $
RGLD
24.9%
21.6%
MGY
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
-0.3%
MGY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MGY
MGY
RGLD
RGLD
Revenue
$317.6M
$375.3M
Net Profit
$68.8M
$93.6M
Gross Margin
64.6%
Operating Margin
29.6%
56.2%
Net Margin
21.6%
24.9%
Revenue YoY
-2.7%
85.3%
Net Profit YoY
-19.7%
-12.8%
EPS (diluted)
$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
MGY
MGY
RGLD
RGLD
Q4 25
$317.6M
$375.3M
Q3 25
$324.9M
$252.1M
Q2 25
$319.0M
$209.6M
Q1 25
$350.3M
$193.4M
Q4 24
$326.6M
$202.6M
Q3 24
$333.1M
$193.8M
Q2 24
$336.7M
$174.1M
Q1 24
$319.4M
$148.9M
Net Profit
MGY
MGY
RGLD
RGLD
Q4 25
$68.8M
$93.6M
Q3 25
$75.5M
$126.8M
Q2 25
$78.1M
$132.3M
Q1 25
$102.9M
$113.5M
Q4 24
$85.6M
$107.4M
Q3 24
$99.8M
$96.2M
Q2 24
$95.6M
$81.2M
Q1 24
$85.1M
$47.2M
Gross Margin
MGY
MGY
RGLD
RGLD
Q4 25
64.6%
Q3 25
73.6%
Q2 25
72.6%
Q1 25
69.4%
Q4 24
70.3%
Q3 24
66.6%
Q2 24
64.7%
Q1 24
58.4%
Operating Margin
MGY
MGY
RGLD
RGLD
Q4 25
29.6%
56.2%
Q3 25
31.2%
64.4%
Q2 25
33.8%
67.7%
Q1 25
38.8%
63.6%
Q4 24
38.0%
65.9%
Q3 24
38.7%
61.3%
Q2 24
39.9%
58.6%
Q1 24
39.0%
50.7%
Net Margin
MGY
MGY
RGLD
RGLD
Q4 25
21.6%
24.9%
Q3 25
23.2%
50.3%
Q2 25
24.5%
63.1%
Q1 25
29.4%
58.7%
Q4 24
26.2%
53.0%
Q3 24
30.0%
49.7%
Q2 24
28.4%
46.6%
Q1 24
26.6%
31.7%
EPS (diluted)
MGY
MGY
RGLD
RGLD
Q4 25
$1.04
Q3 25
$1.92
Q2 25
$2.01
Q1 25
$1.72
Q4 24
$1.63
Q3 24
$1.46
Q2 24
$1.23
Q1 24
$0.72

Balance Sheet & Financial Strength

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

Metric
MGY
MGY
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$266.8M
$233.7M
Total DebtLower is stronger
$393.3M
Stockholders' EquityBook value
$2.0B
$7.2B
Total Assets
$2.9B
$9.5B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGY
MGY
RGLD
RGLD
Q4 25
$266.8M
$233.7M
Q3 25
$280.5M
$172.8M
Q2 25
$251.8M
$248.2M
Q1 25
$247.6M
$240.8M
Q4 24
$260.0M
$195.5M
Q3 24
$276.1M
$127.9M
Q2 24
$275.7M
$74.2M
Q1 24
$399.3M
$137.9M
Total Debt
MGY
MGY
RGLD
RGLD
Q4 25
$393.3M
Q3 25
$393.1M
Q2 25
$392.9M
Q1 25
$392.7M
Q4 24
$392.5M
Q3 24
$394.8M
$0
Q2 24
$394.1M
$50.0M
Q1 24
$393.5M
Stockholders' Equity
MGY
MGY
RGLD
RGLD
Q4 25
$2.0B
$7.2B
Q3 25
$2.0B
$3.4B
Q2 25
$2.0B
$3.3B
Q1 25
$2.0B
$3.2B
Q4 24
$2.0B
$3.1B
Q3 24
$2.0B
$3.0B
Q2 24
$1.9B
$3.0B
Q1 24
$1.9B
$2.9B
Total Assets
MGY
MGY
RGLD
RGLD
Q4 25
$2.9B
$9.5B
Q3 25
$2.9B
$4.5B
Q2 25
$2.9B
$3.6B
Q1 25
$2.9B
$3.5B
Q4 24
$2.8B
$3.4B
Q3 24
$2.8B
$3.3B
Q2 24
$2.8B
$3.3B
Q1 24
$2.8B
$3.3B
Debt / Equity
MGY
MGY
RGLD
RGLD
Q4 25
0.20×
Q3 25
0.20×
Q2 25
0.20×
Q1 25
0.20×
Q4 24
0.20×
Q3 24
0.20×
0.00×
Q2 24
0.21×
0.02×
Q1 24
0.21×

Cash Flow & Capital Efficiency

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

Metric
MGY
MGY
RGLD
RGLD
Operating Cash FlowLast quarter
$208.4M
$241.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.03×
2.58×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGY
MGY
RGLD
RGLD
Q4 25
$208.4M
$241.7M
Q3 25
$247.1M
$174.0M
Q2 25
$198.7M
$152.8M
Q1 25
$224.5M
$136.4M
Q4 24
$222.6M
$141.1M
Q3 24
$217.9M
$136.7M
Q2 24
$269.4M
$113.5M
Q1 24
$210.9M
$138.3M
Cash Conversion
MGY
MGY
RGLD
RGLD
Q4 25
3.03×
2.58×
Q3 25
3.27×
1.37×
Q2 25
2.54×
1.15×
Q1 25
2.18×
1.20×
Q4 24
2.60×
1.31×
Q3 24
2.18×
1.42×
Q2 24
2.82×
1.40×
Q1 24
2.48×
2.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MGY
MGY

Oil And Condensate$215.6M68%
Natural Gas Reserves$52.9M17%
Natural Gas Liquids Reserves$49.1M15%

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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