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

252.44 10.30 +4.25%
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) Gross margin

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Franco-Nevada Corporation's gross margin over the twelve months to 30 June 2026 was 77.3%, up 3.4 percentage points from fiscal 2025 (73.9%). Over the past ten years it has ranged from 38.5% (fiscal 2017) to 82.7% (fiscal 2016); the current reading is higher than 82% of that period. That is above the Gold industry median of 49.1% and above the Basic Materials sector median of 25.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 73.9% 5.73
FY2024 68.2% 5.29
FY2023 62.9% (1.91)
FY2022 64.8% 1.56
FY2021 63.2% 2.43
FY2020 60.8% 9.15
FY2019 51.7% 7.68
FY2018 44.0% 5.46
FY2017 38.5% (44.14)
FY2016 82.7% 3.65

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 77.6% (3.24)
Mar 2026 80.9% 3.80
Dec 2025 77.1% 4.60
Sep 2025 72.5% (1.13)
42 more quarters

Against its own ten years

Low 38.5% High 82.7%
Ten-year median 63.2%
Current reading's percentile 83

Gross margin against peers

Company Gross margin
RGLD Royal Gold, Inc. compare 86.7%
FNV Franco-Nevada Corporation 77.3%
WPM Wheaton Precious Metals Corp. compare 75.3%
NEM Newmont Corporation compare 69.2%
AU AngloGold Ashanti PLC compare 54.8%
EQX Equinox Gold Corp. compare 43.7%
GFI Gold Fields Limited compare 38.7%
HMY Harmony Gold Mining Company Limited compare 15.4%
CDE Coeur Mining, Inc. compare 0.00%
Gold industry median 49.1%
Basic Materials sector median 25.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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