DOW vs. RGLD: Dow vs. Royal Gold Stock Comparison

November 11, 2026

How do Dow (DOW) and Royal Gold (RGLD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Dow (DOW) and Royal Gold (RGLD) both fall under the Materials industry group, but DOW is classified in Chemicals while RGLD is classified in Metals & Mining.

Company profile comparison for Dow (DOW) and Royal Gold (RGLD)
Profile Item	DOW	RGLD
Name	Dow Inc.	Royal Gold, Inc.
Country/Region	United States	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Metals & Mining
GICS Sub-Industry	Commodity Chemicals	Gold
Market Capitalization	22.73 billion USD	22.47 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 20, 2019	June 9, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DOW

RGLD

GSPC

Dow (DOW) vs. Royal Gold (RGLD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Dow (DOW) and Royal Gold (RGLD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Dow (DOW) and Royal Gold (RGLD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Dow (DOW) and Royal Gold (RGLD)
Metric	DOW	RGLD
Total Return (1Y)	46.93%	60.60%
Total Return (3Y, Annualized)	-8.46%	39.65%
Total Return (5Y, Annualized)	-6.94%	23.26%

Risk Profile

Drawdown History

DOW

RGLD

GSPC

Dow (DOW) vs. Royal Gold (RGLD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Dow (DOW) and Royal Gold (RGLD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Dow (DOW) and Royal Gold (RGLD)
Metric	DOW	RGLD
Volatility (1Y, Annualized)	41.81%	41.91%
Beta (5Y)	0.44	0.39
Max Drawdown (5Y)	-64.37%	-40.73%
Avg. Volume (3M)	8.52M	667.01K

Risk-Adjusted Performance

Risk-Return Positioning

DOW and RGLD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Dow (DOW) and Royal Gold (RGLD)
Metric	DOW	RGLD
Sharpe Ratio (1Y)	1.02	1.34
Sortino Ratio (1Y)	1.62	2.00

Profitability

ROE (TTM)

Dow (DOW) reports a negative ROE of -3.24%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Royal Gold (RGLD) reports 15.03%, ranking against industry peers normally.

DOW

Materials industry group

-3.24%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
DOW: -3.24%
Q1: -3.41%
Min: -32.81%

RGLD

Materials industry group

15.03%

Max: 52.88%
Q3: 19.49%
RGLD: 15.03%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Dow (DOW) reports a negative net margin of -2.11%, usually indicating a net loss over the period. Meanwhile Royal Gold (RGLD) reports 47.99%, ranking against industry peers normally.

DOW

Materials industry group

-2.11%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
DOW: -2.11%
Min: -20.40%

RGLD

Materials industry group

47.99%

RGLD: 47.99%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Royal Gold (RGLD) at 65.85% operates in the top operating margin quartile, ahead of Dow (DOW) at 6.78%, which runs around its industry’s norm.

DOW

Materials industry group

6.78%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
DOW: 6.78%
Q1: 3.28%
Min: -14.07%

RGLD

Materials industry group

65.85%

Max: 66.70%
RGLD: 65.85%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Dow (DOW) and Royal Gold (RGLD)
Metric	DOW	RGLD
ROE (TTM)	-3.24%	15.03%
ROA (TTM)	1.87%	9.97%
Net Margin (TTM)	-2.11%	47.99%
Operating Margin (TTM)	6.78%	65.85%
Gross Margin (TTM)	11.01%	86.63%

Growth

Revenue Growth

Royal Gold (RGLD) at 43.24% sits in the top revenue growth quartile, while Dow (DOW) at -6.97% is in the bottom quartile, showing a clear gap in revenue momentum.

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Royal Gold (RGLD) at 32.74% is around its peer norm for EPS growth, while Dow (DOW) at -335.67% falls below its industry range, a notably weak earnings reading.

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Dow (DOW) and Royal Gold (RGLD)
Metric	DOW	RGLD
Revenue Growth (YoY)	-6.97%	43.24%
Revenue Growth (3Y CAGR)	-11.11%	19.54%
EPS Growth (YoY)	-335.67%	32.74%
EPS Growth (3Y CAGR)	--	22.60%

Financial Strength

Current Ratio (MRQ)

Both Dow (DOW) at 1.76 and Royal Gold (RGLD) at 2.40 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

DOW

Materials industry group

1.76

Max: 5.96
Q3: 3.30
Median: 2.24
DOW: 1.76
Q1: 1.45
Min: 0.16

RGLD

Materials industry group

2.40

Max: 5.96
Q3: 3.30
RGLD: 2.40
Median: 2.24
Q1: 1.45
Min: 0.16

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Royal Gold (RGLD) at 0.02 keeps leverage in the lower quartile, while Dow (DOW) at 1.08 sits in the higher-leverage quartile.

DOW

Materials industry group

1.08

Max: 1.98
DOW: 1.08
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

RGLD

Materials industry group

0.02

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
RGLD: 0.02
Min: 0.00

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Dow (DOW) and Royal Gold (RGLD)
Metric	DOW	RGLD
Current Ratio (MRQ)	1.76	2.40
Debt / Equity (MRQ)	1.08	0.02
Net Debt / EBITDA	3.21	-0.03

Dividends

Dividend Yield (TTM)

Dow (DOW) at 4.38% delivers top-quartile income for its industry, while Royal Gold (RGLD) at 0.74% pays a more typical yield — both are credible income propositions, DOW the richer one.

DOW

Materials industry group

4.38%

Max: 4.52%
DOW: 4.38%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

RGLD

Materials industry group

0.74%

Max: 4.52%
Q3: 1.85%
RGLD: 0.74%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Dow (DOW) reports payout ratio above 100% at 700.00%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Royal Gold (RGLD) reports 19.41%, ranking against industry peers normally.

DOW

Materials industry group

700.00%

DOW: 700.00%
Max: 83.62%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

RGLD

Materials industry group

19.41%

Max: 83.62%
Q3: 41.37%
RGLD: 19.41%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Dow (DOW) and Royal Gold (RGLD)
Metric	DOW	RGLD
Dividend Yield (TTM)	4.38%	0.74%
Dividend Payout Ratio (TTM)	700.00%	19.41%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Royal Gold (RGLD) trades at 27.15 times trailing earnings, ranked against its peers, while Dow (DOW) has no P/E ratio this period.

DOW

Materials industry group

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93
DOW: --

RGLD

Materials industry group

27.15

Max: 59.00
Q3: 32.93
RGLD: 27.15
Median: 18.82
Q1: 11.96
Min: 3.93

Dow (DOW) vs. Royal Gold (RGLD): DOW does not report P/E ratio, so it has no value marker; RGLD is benchmarked against the Materials industry group.

P/S Ratio (TTM)

Dow (DOW) at 0.53 sits in the cheaper P/S ratio quartile while Royal Gold (RGLD) at 12.86 prices above its industry range — a wide gap in sales valuation between them.

DOW

Materials industry group

0.53

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
DOW: 0.53
Min: 0.00

RGLD

Materials industry group

12.86

RGLD: 12.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Dow (DOW) at 1.41 and Royal Gold (RGLD) at 2.91 are valued close to their industries’ norm against book — neither stands out from peers.

DOW

Materials industry group

1.41

Max: 6.59
Q3: 3.55
Median: 2.08
DOW: 1.41
Q1: 1.26
Min: -0.17

RGLD

Materials industry group

2.91

Max: 6.59
Q3: 3.55
RGLD: 2.91
Median: 2.08
Q1: 1.26
Min: -0.17

Dow (DOW) vs. Royal Gold (RGLD): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Dow (DOW) and Royal Gold (RGLD)
Metric	DOW	RGLD
P/E Ratio (TTM)	--	27.15
P/S Ratio (TTM)	0.53	12.86
P/B Ratio (MRQ)	1.41	2.91
Free Cash Flow Yield (TTM)	3.95%	4.24%