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Royal Gold vs SSR Mining: RGLD and SSRM compared
Royal Gold is the larger company: $465M of revenue in its latest quarter (Q3 2026) against $448M for SSR Mining (Q3 2026). Royal Gold is growing faster (+84% against +16% a year earlier). Royal Gold is more profitable, with an operating margin of 65.4% against 27.3%.
Where the money goes: RGLD and SSRM
Royal Gold (RGLD) · Q3 2026
Royal Gold, Q3 2026: revenue $465M (+84% year over year), operating margin 65.4%, net earnings $227M, operating cash flow $344M. The chart follows the revenue to costs, profit and cash.
SSR Mining (SSRM) · Q3 2026
SSR Mining, Q3 2026: revenue $448M (+16% year over year), operating margin 27.3%, net earnings $79.9M, operating cash flow $92.1M. The chart follows the revenue to costs, profit and cash.
| Royal Gold (RGLD) | SSR Mining (SSRM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $465M | $448M |
| Revenue growth, Y/Y | +84% | +16% |
| Gross margin | 68.3% | — |
| Operating margin | 65.4% | 27.3% |
| Net earnings | $227M | $79.9M |
| Net margin | 48.9% | 17.8% |
| Operating cash flow | $344M | $92.1M |
| Free cash flow | $343M | — |
| Market value | $22.6B | $5.8B |
| P/E | 26.8× | 24.1× |
| Analysts’ mean target | $313.75 | $41.00 |
Where the revenue comes from
Royal Gold
- Stream interest: $318M (68%)
- Royalty revenue: $146M (32%)
SSR Mining
- Gold: $327M (73%)
- Silver: $120M (27%)
Questions
Which is bigger, Royal Gold or SSR Mining?
Royal Gold is the larger company: $465M of revenue in its latest quarter (Q3 2026) against $448M for SSR Mining (Q3 2026).
Is Royal Gold or SSR Mining growing faster?
Royal Gold is growing faster (+84% against +16% a year earlier).
Which is more profitable, Royal Gold or SSR Mining?
Royal Gold is more profitable, with an operating margin of 65.4% against 27.3%.
More: Royal Gold earnings · how Royal Gold makes money · SSR Mining earnings · how SSR Mining makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.