Here's a quickie benchmark, run on perl5.8.0, Athlon XP 1800 linux box with 256MB of memory:

Benchmark: timing 10000 iterations of goto, iterative, regular...
      goto: 19 wallclock secs (18.92 usr +  0.00 sys = 18.92 CPU) @ 52
+8.54/s (n=10000)
 iterative:  6 wallclock secs ( 6.23 usr +  0.00 sys =  6.23 CPU) @ 16
+05.14/s (n=10000)
   regular: 23 wallclock secs (22.94 usr +  0.00 sys = 22.94 CPU) @ 43
+5.92/s (n=10000)
            Rate   regular      goto iterative
regular    436/s        --      -18%      -73%
goto       529/s       21%        --      -67%
iterative 1605/s      268%      204%        --
[download]

...And here's the code. My apologies if I made mistakes, I didn't spend that much time on this ;)

use strict;
use Benchmark qw/ cmpthese /;

cmpthese(
    10000,
    {
        regular => sub{ regrecurse($_) for ( map{10*$_} (1..10) ) },
        goto    => sub{ gotorecurse($_) for ( map{10*$_} (1..10) ) },
        iterative => sub{ iterative($_) for ( map{ 10* $_ } (1..10) ) 
+}
    },
);

sub iterative
{
    my $n = shift;
    my $m = 1;
    for(1..$n) {
        $m *= $_;
    }
    return $m;
}

sub regrecurse
{
    my $n = shift;
    _reghelp(1, $n);
}

sub _reghelp
{
    my($n, $m) = @_;
    if($m <= 1) {
        return $n;
    }
    return _reghelp($n * $m, $m - 1);
}

sub gotorecurse
{
    my $n = shift;
    @_ = (1, $n);
    goto &_gotohelp;
}

sub _gotohelp
{
    if($_[1] <= 1) {
        return $_[0];
    }
    $_[0] *= $_[1];
    $_[1]--;

    goto &_gotohelp;
}
[download]