Franco-Nevada Corporation

FNV Basic Materials Gold

Franco-Nevada Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 63.7% from fiscal 2024.

Revenue
+57.3%
EPS
+43.8%
Free cash flow
+143.2%

Quarter to June 2026, against a year earlier

249.94 0.75 −0.30%
Market cap
$48.4B
P/E
32.9×
Fwd P/E
29.0×
Dividend yield
0.67%
F-score
7/9
Altman Z
40.67
Beneish M
−1.97
Dividend safety
65/100

Franco-Nevada Corporation (FNV) Free cash flow margin

Alert me on Free cash flow margin

Franco-Nevada Corporation's free cash flow margin over the twelve months to 30 June 2026 was 43.5%, up 82.0 percentage points from fiscal 2025 (−38.6%). Over the past ten years it has ranged from −159.2% (fiscal 2015) to 65.2% (fiscal 2022); the current reading is higher than 36% of that period. That is above the Gold industry median of 0.00% and above the Basic Materials sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −38.6% (77.43)
FY2024 38.9% (0.24)
FY2023 39.1% (26.11)
FY2022 65.2% 50.22
FY2021 15.0% (33.17)
FY2020 48.2% 27.72
FY2019 20.4% 99.25
FY2018 −78.8% (76.94)
FY2017 −1.87% 38.41
FY2016 −40.3% 118.89

Against its own ten years

Low −159.2% High 65.2%
Ten-year median 15.0%
Current reading's percentile 36

Free cash flow margin against peers

Company Free cash flow margin
RGLD Royal Gold, Inc. compare 69.0%
CDE Coeur Mining, Inc. compare 44.8%
FNV Franco-Nevada Corporation 43.5%
NEM Newmont Corporation compare 38.3%
AU AngloGold Ashanti PLC compare 36.6%
EQX Equinox Gold Corp. compare 9.05%
GFI Gold Fields Limited compare 0.00%
HMY Harmony Gold Mining Company Limited compare 0.00%
WPM Wheaton Precious Metals Corp. compare −91.9%
Gold industry median 0.00%
Basic Materials sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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