Martin Marietta Materials, Inc. (MLM) vs Royal Gold, Inc. (RGLD)

A side-by-side comparison of Martin Marietta Materials, Inc. and Royal Gold, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnMLM vs RGLD

growth of $100 · dividends reinvested · last 10y
MLM +206.1% (+11.8%/yr)RGLD +282.7% (+14.4%/yr)RGLD compounded faster over this window
100200300400Start $10020182020202220242026$306$383
MLM RGLD

MLM vs RGLD: by the numbers

  • MLM is the larger company ($32.13B vs $21.98B market cap).
  • MLM trades at the lower trailing earnings multiple (13.14 vs 28.28 P/E), one valuation lens rather than an overall verdict.
  • RGLD converts more revenue to profit (47.70% vs 36.81% net margin).
  • RGLD grew revenue faster over the past five years (20.30% vs 6.59% CAGR).
  • RGLD pays the higher dividend yield (0.72% vs 0.62%).

Metrics side by side

Valuation

MetricMLMRGLD
P/E ratio13.1428.28
Forward P/E29.3024.62
P/S ratio4.8114.24
P/B ratio2.792.90
EV / EBITDA18.1317.42
FCF yield2.52%0.00%

Profitability

MetricMLMRGLD
Gross margin28.23%66.79%
Operating margin21.09%63.14%
Net margin36.81%47.70%
ROE21.32%9.73%
ROIC5.50%8.58%

Dividends

MetricMLMRGLD
Dividend yield0.62%0.72%
Payout ratio17.61%27.99%

Growth (annualized)

MetricMLMRGLD
Revenue CAGR (5Y)6.59%20.30%
EPS CAGR (5Y)10.27%7.77%
FCF CAGR (5Y)2.35%-69.96%
Total return CAGR (5Y)8.02%20.36%

Frequently asked

Which has the lower trailing P/E, MLM or RGLD?
MLM has the lower trailing P/E: MLM trades at 13.14 and RGLD at 28.28. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MLM or RGLD?
Over the past five years, RGLD grew revenue faster — MLM at a 6.59% CAGR versus RGLD at 20.30%.
Does MLM or RGLD pay a bigger dividend?
MLM yields 0.62% and RGLD yields 0.72% based on trailing dividends and the latest price.
Is MLM or RGLD more profitable?
RGLD runs the higher net margin — MLM at 36.81% versus RGLD at 47.70%.
How have MLM and RGLD total returns compared?
Over the past 10 years, MLM delivered 11.60% and RGLD delivered 13.31% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 23, 2026.