Franco-Nevada Corporation

Franco-Nevada Corporation

FNV
Franco-Nevada CorporationUS flagNew York Stock Exchange
229.12
USD
-6.80
- -
44.17BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.74
2.95
2.84
3.5
3.71
3.53
4.52
5.39
6.84
6.87
6.35
5.79
9.46
10.92
Basic EPS, GAAP
0.08
0.71
0.16
0.7
1.07
0.75
1.84
1.72
3.86
3.66
-2.43
2.87
5.77
7.11
Free Cash Flow per Basic Share
0.73
-3.95
-4.52
-1.58
-0.07
-2.78
0.92
2.59
1.02
4.48
2.45
2.19
-3.65
-2.2
Dividend per Share
0.7
0.61
0.6
0.68
0.69
0.73
0.74
0.82
0.94
1.03
1.21
1.26
1.43
1.48
Book Value per Share
19.99
23.1
21.82
24.83
26.36
26.12
27.98
29.29
32.15
34.65
30.94
32.51
37.28
39.35
Tangible Book Value per Share
20.29
22.74
20.26
23.79
25.86
25.01
27.1
28.75
31.69
33.51
30.05
31.17
39.62
42.06
Basic Weighted Avg Shares
146
150
156
174
182
185
187
189
190
192
192
192
193
193
Sales/Revenue/Turnover
401
442
444
610
675
653
844
1,020
1,300
1,316
1,219
1,114
1,823
2,105
Operating Margin (%)
48.19
42.45
26.24
33.84
34.83
40.52
48.25
57.99
60.87
62.32
60.6
65.08
71.37
74.55
Depreciation Expense
129
163
216
274
273
248
263
241
300
286
273
225
307
316
Net Income, GAAP
12
107
25
122
195
139
344
326
734
701
-466
552
1,112
1,371
Effective Tax Rate (%)
65.59
32.04
49.28
27.22
17.5
26.49
15.23
3.92
14.47
15.96
- -
27.73
21.46
21.27
Profit Margin (%)
2.92
24.12
5.55
20.03
28.84
21.28
40.77
31.97
56.44
53.25
-38.26
49.58
61.01
65.12
Working Capital
861
678
254
324
594
154
225
610
708
1,333
1,576
1,649
898
944
LT Debt
- -
- -
457
- -
- -
208
80
- -
- -
- -
- -
- -
- -
- -
Total Equity
2,964
3,406
3,163
4,146
4,706
4,632
5,062
5,444
6,025
6,418
5,769
5,997
7,635
8,107
Return on Invested Capital (%)
2.17
4
1.68
3.86
4.37
4.08
6.91
10.71
11.78
11.06
- -
8.87
14.86
16.97
Return on Capital (%)
0.42
3.38
0.71
3.05
4.33
2.85
6.77
6.02
12.59
10.99
- -
9.05
16.55
19.6
Return on Common Equity (%)
0.4
3.35
0.72
3.16
4.27
2.89
6.84
6.06
12.59
10.99
-7.42
9.05
16.55
19.59

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
193
193
193
Market Capitalization
42,938
39,943
47,619

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
542
1,021
1,128
Cash, Cash Equivalents & STI
237
671
715
Accounts Receivable, Net
191
242
268
Inventories
10
40
123
Total Current Liabilities
117
123
183
Payables & Accruals
117
123
183
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.82%
7.67%
27.33%
Free Cash Flow
383.83%
-8.48%
-266.79%
Net Income, GAAP
40.67%
-32.62%
101.43%
Sales/Revenue/Turnover
17.14%
15.27%
63.69%
Total Cash Common Dividend
11.52%
12.28%
13.49%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
257
260
276
321
1,114
2025
368
369
488
597
1,823
2026
651
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.75
0.41
0.79
0.91
2.87
2025
1.09
1.28
1.49
1.91
5.77
2026
2.43
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
0.31
0.32
0.32
1.26
2025
0.36
0.35
0.35
0.37
1.43
2026
0.42
- -
- -
- -
- -

Company Description

APIChat
CEO
Paul Brink
Full Time Employees
38
Sector
Basic Materials
Industry
Gold
Address
199 Bay Street Toronto ON Canada M5L 1G9
IPO Date
Dec 7, 2007
Business
Franco-Nevada Corporation is a leading gold-focused royalty and streaming company that acquires and manages a diversified portfolio of cash-flow producing royalties and streams on precious metals, energy, and other mining assets worldwide. The company generates revenue primarily from royalties and streams on gold, silver, and platinum group metals, supplemented by crude oil, natural gas, natural gas liquids sold through third-party agents, and interests in base metals such as copper and iron ore; key assets include Candelaria and Antapaccay in Chile, Antamina and Antapaccay in Peru, Côté Gold in Ontario, and Arthur Gold in Nevada, with operations spanning North America, South America, Australia, and other regions. Founded in 1986 through its predecessor Franco-Nevada Mining Corporation Limited by Seymour Schulich and Pierre Lassonde in Reno, Nevada, the current entity emerged in 2007 via an IPO acquiring Newmont's royalty portfolio, and it maintains headquarters at 199 Bay Street, Toronto, Ontario, Canada. Franco-Nevada's portfolio encompasses over 450 assets diversified by commodity, geography, revenue type, and project stage, targeting mining operators and energy producers while avoiding direct operational risks associated with mine development or exploration. The company operates through mining and energy segments, emphasizing low-risk exposure to commodity prices and exploration upside, with approximately 85% of 2024 revenue from precious metals, 8% from energy, and 7% from other mining. Recent developments include the 2024 acquisition of a royalty on IAMGOLD's Côté Gold Mine in Ontario for $1.05 billion, enhancing its foundational gold assets; a $250 million royalty on AngloGold Ashanti's Arthur Gold Project in Nevada in July 2025, funded partly by a $175 million credit facility draw later repaid to achieve a debt-free balance sheet; post-2024 commitments exceeding $1.3 billion including support for Discovery Silver's Porcupine Complex acquisition; and a January 2025 royalty on Hasaya Metals' Urasar Project, collectively positioning the company to add 85-95 thousand gold equivalent ounces annually to its medium-term production profile. In Q3 2025, Franco-Nevada reported record revenue of $1,225.5 million, up 55%, with 340,129 net gold equivalent ounces sold, narrowed 2025 guidance toward the higher end, and resolved a Canada Revenue Agency tax dispute favorably with no additional cash taxes. These transactions underscore ongoing portfolio expansion amid strong gold prices and operator advancements like Orla Mining's exploration at Musselwhite.

Company News

APIChat
  • Franco-Nevada Corp (FNV) Shares Surge 3.4% -- What GF Score of 83 Tells Investors

  • How Much Upside is Left in Franco-Nevada (FNV)? Wall Street Analysts Think 30.18%

  • 5 Gold Mining Stocks to Buy Despite Industry Headwinds

  • Why Franco-Nevada (FNV) is a Top Growth Stock for the Long-Term

  • What Is the Best Way to Own Gold in 2026?

  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: BJ’s Wholesale Club, Centene, Cigna, Crown Castle, ETSY, Franco-Nevada, Humana, Ovintiv, X-Energy, and More

  • Franco-Nevada Announces Election of Directors

  • Franco-Nevada Q1 Earnings Call Highlights

  • Franco-Nevada Corporation (FNV:CA) Q1 2026 Earnings Call Transcript

  • FNV Q1 Earnings Beat Estimates on Record Revenues, Higher Prices

  • Franco-Nevada: Missing Out On Gold Upside, But Also Volatility

  • Franco-Nevada Corporation (FNV:CA) Shareholder/Analyst Call Transcript

  • Franco-Nevada Reports Record Q1 2026 Results

  • Franco-Nevada to Report Q1 Earnings: What's in Store for the Stock?

  • Franco-Nevada Launches 2026 Asset Handbook and Sustainability Report

  • Franco-Nevada to Release First Quarter 2026 Results

  • Franco-Nevada Corporation $FNV Stake Decreased by Autumn Glory Partners LLC

  • The Top 10 Gold Royalty And Streaming Companies

  • Moran Wealth Management LLC Has $2.17 Million Holdings in Franco-Nevada Corporation $FNV

  • Q1 2026 In Review - March Dividend Income Report