• Royal Gold average net profit margin for 2023 was 38.4%, a 8.51% increase from 2022.
• Royal Gold average net profit margin for 2022 was 41.97%, a 7.31% decline from 2021.
• Royal Gold average net profit margin for 2021 was 45.28%, a 2.27% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.