Franco-Nevada Corporation

Franco-Nevada Corporation

FNV
Franco-Nevada CorporationUS flagNew York Stock Exchange
266.00
USD
+5.34
- -
51.30BMarket Cap
Franco-Nevada Corporation
FNV
(New York Stock Exchange)

Recent

price

266.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2
3.3
3
2.74
2.95
2.84
3.5
3.71
3.53
4.52
5.39
6.8
6.87
6.35
5.79
9.46
12.02
Revenue per Share
0.55
-0.05
0.72
0.08
0.71
0.16
0.7
1.07
0.75
1.84
1.72
3.84
3.66
-2.43
2.87
5.77
7.66
Basic EPS, GAAP
1.01
2
-1.42
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
4.62
Free Cash Flow per Basic Share
0.29
0.39
0.55
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
1.55
Dividend per Share
17.29
20.48
21.46
20.14
21.76
17.84
23.23
25.31
24.81
26.73
28.51
31.49
33.44
30.02
31.14
39.6
42.73
Book Value per Share
17.29
20.48
21.46
20.14
21.76
17.84
23.23
25.31
24.81
26.73
28.51
31.49
33.44
30.02
31.14
39.6
42.73
Tangible Book Value per Share
113
125
142
146
150
156
174
182
185
187
189
191
192
192
192
193
193
Basic Weighted Avg Shares
227
411
427
401
442
444
610
675
653
844
1,020
1,300
1,316
1,219
1,114
1,823
2,317
Sales/Revenue/Turnover
40.23
47.84
51.78
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
75.65
Operating Margin (%)
89
131
127
129
163
216
274
273
248
263
241
300
286
273
225
307
336
Depreciation Expense
63
-7
103
12
107
25
122
195
139
344
326
734
701
-466
552
1,112
1,478
Net Income, GAAP
38.65
117.39
33.76
65.59
32.04
49.28
27.22
17.5
26.49
15.23
3.92
14.47
15.96
- -
27.73
21.46
21.58
Effective Tax Rate (%)
27.6
-1.65
24.03
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
63.79
Profit Margin (%)
573
851
822
861
678
254
324
594
154
225
610
708
1,333
1,576
1,649
898
1,240
Working Capital
- -
- -
- -
- -
- -
457
- -
- -
208
80
- -
- -
- -
- -
- -
- -
- -
LT Debt
1,981
2,834
3,149
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
8,241
Total Equity
2.86
-1.42
4.88
2.17
4
1.68
3.86
4.37
4.08
6.91
10.71
11.78
11.06
- -
8.87
14.86
18.32
Return on Invested Capital (%)
3.28
-0.3
3.45
0.4
3.38
0.74
3.21
4.46
2.94
7.02
6.17
12.8
11.26
- -
9.39
16.32
19.92
Return on Capital (%)
3.21
-0.28
3.43
0.38
3.35
0.75
3.34
4.4
2.98
7.1
6.21
12.79
11.26
-7.65
9.38
16.32
19.91
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
193
193
193
Market Capitalization
39,963
47,645
40,203

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,021
1,128
1,388
Cash, Cash Equivalents & STI
671
715
1,014
Accounts Receivable, Net
242
268
238
Inventories
40
123
113
Total Current Liabilities
123
183
148
Payables & Accruals
123
183
148
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
581
- -
- -
- -

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
1.84
- -
- -
- -

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
0.42
- -
- -
- -
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

  • Franco-Nevada (FNV) Up 12.5% Since Last Earnings Report: Can It Continue?

  • The Cheapest Way to Own a Copper Mine Is to Let Someone Else Build It

  • Skip the Mine, Pocket the Gold: 5 Royalty Streamers Are Crushing Producers in 2026

  • 3,000 Shares in Franco-Nevada Corporation $FNV Bought by Nykredit A S

  • BlackRock Inc. Makes New Investment in Franco-Nevada Corporation $FNV

  • Beacon Pointe Advisors LLC Purchases Shares of 43,183 Franco-Nevada Corporation $FNV

  • Bitcoin Powers Gains as Permanent Portfolio ETF Approaches $25M

  • Zacks Industry Outlook Franco-Nevada, Centerra, Novagold, Northern Dynasty and Dakota

  • 5 Gold Mining Stocks to Watch Amid Ongoing Industry Pressures

  • Franco-Nevada Q2 Earnings Miss Estimates, Revenues Soar 57% Y/Y

  • Franco-Nevada Q2 Earnings Call Highlights

  • Franco-Nevada Reports Q2 2026 Results

  • TSX Composite Index outlook ahead of Barrick Gold, Franco-Nevada earnings

  • Jamie Dimon's JPMorgan Sees Gold Reaching $5,000 an Ounce by Q4, a Bullish Case for Investors Seeking a Hedge

  • Undercovered Dozen: Kayne Anderson, Franco-Nevada, Oracle And More

  • Bank of Nova Scotia Buys 23,587 Shares of Franco-Nevada Corporation $FNV

  • Franco-Nevada: An Elite Quality Business On The Sale Rack (Rating Upgrade)

  • Franco-Nevada: Stable YTD, Gains Are Due

  • Worried Gold Is Overcrowded? 3 Stocks for Retirees to Consider Instead, Ranked

  • Franco-Nevada Corp (FNV) Stock Down 3.7% -- Now Undervalued? GF Score: 82/100