Royal Gold, Inc vs Texas Pacific Land Corporation, two Asset Management stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where RGLD and TPL diverge most: on debt / equity, RGLD reads 0.08 and TPL reads 0.00; on p/b, RGLD reads 2.24 and TPL reads 17.64. The rest of the comparable metrics sit closer together. What RGLD's price implies is a bet that sits within the historical range (whole-company basis). What TPL's price implies is a somewhat stretched bet versus history (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | RGLD | TPL |
|---|---|---|
| Price | $196.78 | $397.72 |
| Market cap | $16.7B | $27.4B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| Implied growth (priced in) | +15.7% | — |
| P/E | 23.8 | 54.6 |
| P/B | 2.24 | 17.64 |
| P/S | 12.81 | 32.71 |
| EV/EBITDA | 16.3 | 39.5 |
| Revenue growth | +69.6% | +15.1% |
| Gross margin | 67.1% | — |
| Operating margin | 63.3% | 77.0% |
| Net margin | 48.5% | 60.0% |
| Return on equity | 8.5% | 32.4% |
| Return on assets | 6.7% | 28.8% |
| Dividend yield | 0.9% | 0.5% |
| Debt / equity | 0.08 | 0.00 |
| Current ratio | 3.52 | 4.23 |
| Altman Z (solvency) | 5.45 | 8.39 |
| Piotroski F (quality) | 7 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.