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) Net margin

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Franco-Nevada Corporation's net margin over the twelve months to 30 June 2026 was 63.8%, up 2.8 percentage points from fiscal 2025 (61.0%). Over the past ten years it has ranged from −38.3% (fiscal 2023) to 61.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Gold industry median of 9.65% and above the Basic Materials sector median of 1.42%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 61.0% 11.43
FY2024 49.6% 87.84
FY2023 −38.3% (91.51)
FY2022 53.3% (3.19)
FY2021 56.4% 24.47
FY2020 32.0% (8.80)
FY2019 40.8% 19.49
FY2018 21.3% (7.56)
FY2017 28.8% 8.81
FY2016 20.0% 14.48

Quarterly newest first

Period Net margin Change (points)
Jun 2026 60.9% (11.07)
Mar 2026 72.0% 10.45
Dec 2025 61.6% 2.61
Sep 2025 59.0% (7.94)
42 more quarters

Against its own ten years

Low −38.3% High 61.0%
Ten-year median 32.0%
Current reading's percentile 98

Net margin against peers

Company Net margin
WPM Wheaton Precious Metals Corp. compare 64.7%
FNV Franco-Nevada Corporation 63.8%
RGLD Royal Gold, Inc. compare 47.7%
NEM Newmont Corporation compare 34.7%
AU AngloGold Ashanti PLC compare 32.2%
EQX Equinox Gold Corp. compare 28.1%
CDE Coeur Mining, Inc. compare 19.3%
GFI Gold Fields Limited compare 17.8%
HMY Harmony Gold Mining Company Limited compare 3.80%
Gold industry median 9.65%
Basic Materials sector median 1.42%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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