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Side-by-side financial comparison of Orthofix Medical Inc. (OFIX) 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 $219.9M, roughly 1.7× Orthofix Medical Inc.). ROYAL GOLD INC runs the higher net margin — 24.9% vs -1.0%, a 26.0% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs 2.0%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% CAGR vs 8.0%).

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

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.

OFIX vs RGLD — Head-to-Head

Bigger by revenue
RGLD
RGLD
1.7× larger
RGLD
$375.3M
$219.9M
OFIX
Growing faster (revenue YoY)
RGLD
RGLD
+83.3% gap
RGLD
85.3%
2.0%
OFIX
Higher net margin
RGLD
RGLD
26.0% more per $
RGLD
24.9%
-1.0%
OFIX
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
8.0%
OFIX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OFIX
OFIX
RGLD
RGLD
Revenue
$219.9M
$375.3M
Net Profit
$-2.2M
$93.6M
Gross Margin
71.1%
64.6%
Operating Margin
0.2%
56.2%
Net Margin
-1.0%
24.9%
Revenue YoY
2.0%
85.3%
Net Profit YoY
92.4%
-12.8%
EPS (diluted)
$-0.05
$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
OFIX
OFIX
RGLD
RGLD
Q4 25
$219.9M
$375.3M
Q3 25
$205.6M
$252.1M
Q2 25
$203.1M
$209.6M
Q1 25
$193.6M
$193.4M
Q4 24
$215.7M
$202.6M
Q3 24
$196.6M
$193.8M
Q2 24
$198.6M
$174.1M
Q1 24
$188.6M
$148.9M
Net Profit
OFIX
OFIX
RGLD
RGLD
Q4 25
$-2.2M
$93.6M
Q3 25
$-22.8M
$126.8M
Q2 25
$-14.1M
$132.3M
Q1 25
$-53.1M
$113.5M
Q4 24
$-29.1M
$107.4M
Q3 24
$-27.4M
$96.2M
Q2 24
$-33.4M
$81.2M
Q1 24
$-36.0M
$47.2M
Gross Margin
OFIX
OFIX
RGLD
RGLD
Q4 25
71.1%
64.6%
Q3 25
72.2%
73.6%
Q2 25
68.7%
72.6%
Q1 25
62.8%
69.4%
Q4 24
69.0%
70.3%
Q3 24
68.7%
66.6%
Q2 24
67.8%
64.7%
Q1 24
67.5%
58.4%
Operating Margin
OFIX
OFIX
RGLD
RGLD
Q4 25
0.2%
56.2%
Q3 25
-8.3%
64.4%
Q2 25
-7.9%
67.7%
Q1 25
-25.2%
63.6%
Q4 24
-5.3%
65.9%
Q3 24
-9.6%
61.3%
Q2 24
-12.5%
58.6%
Q1 24
-15.6%
50.7%
Net Margin
OFIX
OFIX
RGLD
RGLD
Q4 25
-1.0%
24.9%
Q3 25
-11.1%
50.3%
Q2 25
-6.9%
63.1%
Q1 25
-27.4%
58.7%
Q4 24
-13.5%
53.0%
Q3 24
-13.9%
49.7%
Q2 24
-16.8%
46.6%
Q1 24
-19.1%
31.7%
EPS (diluted)
OFIX
OFIX
RGLD
RGLD
Q4 25
$-0.05
$1.04
Q3 25
$-0.57
$1.92
Q2 25
$-0.36
$2.01
Q1 25
$-1.35
$1.72
Q4 24
$-0.76
$1.63
Q3 24
$-0.71
$1.46
Q2 24
$-0.88
$1.23
Q1 24
$-0.95
$0.72

Balance Sheet & Financial Strength

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

Metric
OFIX
OFIX
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$82.0M
$233.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.0M
$7.2B
Total Assets
$850.6M
$9.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OFIX
OFIX
RGLD
RGLD
Q4 25
$82.0M
$233.7M
Q3 25
$62.9M
$172.8M
Q2 25
$65.6M
$248.2M
Q1 25
$58.0M
$240.8M
Q4 24
$83.2M
$195.5M
Q3 24
$30.1M
$127.9M
Q2 24
$26.4M
$74.2M
Q1 24
$27.0M
$137.9M
Total Debt
OFIX
OFIX
RGLD
RGLD
Q4 25
Q3 25
$157.2M
Q2 25
$157.0M
Q1 25
$156.9M
Q4 24
$157.0M
Q3 24
$118.5M
$0
Q2 24
$118.0M
$50.0M
Q1 24
$118.2M
Stockholders' Equity
OFIX
OFIX
RGLD
RGLD
Q4 25
$450.0M
$7.2B
Q3 25
$442.5M
$3.4B
Q2 25
$458.3M
$3.3B
Q1 25
$458.3M
$3.2B
Q4 24
$503.1M
$3.1B
Q3 24
$525.9M
$3.0B
Q2 24
$546.0M
$3.0B
Q1 24
$570.3M
$2.9B
Total Assets
OFIX
OFIX
RGLD
RGLD
Q4 25
$850.6M
$9.5B
Q3 25
$832.6M
$4.5B
Q2 25
$837.2M
$3.6B
Q1 25
$823.1M
$3.5B
Q4 24
$893.3M
$3.4B
Q3 24
$867.9M
$3.3B
Q2 24
$882.0M
$3.3B
Q1 24
$906.0M
$3.3B
Debt / Equity
OFIX
OFIX
RGLD
RGLD
Q4 25
Q3 25
0.36×
Q2 25
0.34×
Q1 25
0.34×
Q4 24
0.31×
Q3 24
0.23×
0.00×
Q2 24
0.22×
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
OFIX
OFIX
RGLD
RGLD
Operating Cash FlowLast quarter
$27.7M
$241.7M
Free Cash FlowOCF − Capex
$16.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
2.58×
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OFIX
OFIX
RGLD
RGLD
Q4 25
$27.7M
$241.7M
Q3 25
$12.4M
$174.0M
Q2 25
$11.6M
$152.8M
Q1 25
$-18.4M
$136.4M
Q4 24
$23.7M
$141.1M
Q3 24
$11.7M
$136.7M
Q2 24
$9.0M
$113.5M
Q1 24
$-18.6M
$138.3M
Free Cash Flow
OFIX
OFIX
RGLD
RGLD
Q4 25
$16.8M
Q3 25
$2.5M
Q2 25
$4.5M
Q1 25
$-25.1M
Q4 24
$15.2M
Q3 24
$6.3M
Q2 24
$-360.0K
Q1 24
$-29.1M
FCF Margin
OFIX
OFIX
RGLD
RGLD
Q4 25
7.6%
Q3 25
1.2%
Q2 25
2.2%
Q1 25
-13.0%
Q4 24
7.0%
Q3 24
3.2%
Q2 24
-0.2%
Q1 24
-15.4%
Capex Intensity
OFIX
OFIX
RGLD
RGLD
Q4 25
4.9%
Q3 25
4.8%
Q2 25
3.5%
Q1 25
3.5%
Q4 24
4.0%
Q3 24
2.7%
Q2 24
4.7%
Q1 24
5.6%
Cash Conversion
OFIX
OFIX
RGLD
RGLD
Q4 25
2.58×
Q3 25
1.37×
Q2 25
1.15×
Q1 25
1.20×
Q4 24
1.31×
Q3 24
1.42×
Q2 24
1.40×
Q1 24
2.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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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