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) Return on invested capital

Alert me on Return on invested capital

Franco-Nevada Corporation's return on invested capital over the twelve months to 30 June 2026 was 15.7%, up 3.6 percentage points from fiscal 2025 (12.1%). Over the past ten years it has ranged from 2.07% (fiscal 2015) to 12.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Gold industry median of 0.26% and above the Basic Materials sector median of 0.96%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 12.1% 2.12
FY2024 9.99% (0.73)
FY2023 10.7% 0.90
FY2022 9.82% 0.79
FY2021 9.03% 1.41
FY2020 7.62% 2.50
FY2019 5.12% 1.65
FY2018 3.47% (0.04)
FY2017 3.51% (0.07)
FY2016 3.58% 1.51

Against its own ten years

Low 2.07% High 12.1%
Ten-year median 7.62%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
AU AngloGold Ashanti PLC compare 37.8%
NEM Newmont Corporation compare 26.6%
FNV Franco-Nevada Corporation 15.7%
WPM Wheaton Precious Metals Corp. compare 12.5%
EQX Equinox Gold Corp. compare 10.1%
RGLD Royal Gold, Inc. compare 8.82%
CDE Coeur Mining, Inc. compare 7.22%
GFI Gold Fields Limited compare 0.00%
HMY Harmony Gold Mining Company Limited compare 0.00%
Gold industry median 0.26%
Basic Materials sector median 0.96%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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