FNV

Franco-Nevada
D

FNV

Arincen68/100B

Franco-Nevada financials

Yes. Franco-Nevada earned 1.48B USD of net income over the last twelve months, 63.8% of its revenue. It made a profit in 16 of its 19 fiscal years since 2007. Its last loss was in fiscal year 2023.

Revenue (TTM)
2.32B USD
Net income (TTM)
1.48B USD
Free cash flow (TTM)
891.40M USD
Cash and short-term investments
1.01B USD
Total debt
0.00 USD
Shareholders' equity
8.24B USD

Cash, debt and equity as of 30 Jun 2026.

Franco-Nevada earnings

Next earnings · Q3 FY2026
EPS estimate
1.77 USD
Revenue estimate
568.44M USD
Last quarter · Q2 FY2026
EPS1.81Missed -7.2%Revenue580.90MMissed -5.8%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20262.02——+9.19%654.08M——+9.51%
Q3 FY20261.77——+23.78%568.44M——+16.56%
Q2 FY20261.951.81-7.18%+45.97%616.66M580.90M-5.80%+57.26%
Q1 FY20262.092.38+13.88%+122.43%634.43M650.70M+2.56%+76.63%
Q4 FY20251.681.85+10.12%+94.74%539.77M597.30M+10.66%+87.89%
Q3 FY20251.371.43+4.38%+78.75%536.02M487.70M-9.01%+76.90%
Q2 FY20251.101.24+12.73%+65.33%432.85M369.40M-14.66%+43.79%
Q1 FY20251.001.07+7.00%+40.79%333.27M368.40M+10.54%+44.33%

Franco-Nevada growth and profitability

Full income statement
Revenue (TTM)
2.32B USD
Net income (TTM)
1.48B USD
Gross margin
77.32%
Operating margin
75.61%
Net margin
63.79%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20251.82B+63.69%1.11B+101.43%73.91%71.37%61.01%1.72B+74.16%
FY20241.11B-8.65%552.10M—68.18%65.08%49.58%989.30M—
FY20231.22B-7.35%-466.40M-166.57%62.89%60.60%-38.26%-91.00M-108.13%
FY20221.32B+1.21%700.60M-4.51%64.80%62.32%53.25%1.12B-3.26%
FY20211.30B+27.43%733.70M+124.92%63.24%60.87%56.44%1.16B+99.29%

How Franco-Nevada makes its money

Revenue1.82B 100.0%
Cost of revenue475.50M 26.1%
Gross profit1.35B 73.9%
Selling and administration46.40M 2.5%
Operating income1.30B 71.4%
Tax303.90M 16.7%
Net income1.11B 61.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Franco-Nevada revenue breakdown

By product

FY2025
Mining: 33.9%Precious metals: 28.8%Gold: 23.7%Silver: 4.4%Energy: 3.8%Oil: 2.2%Gas: 1.2%Iron Ore: 0.8%Platinum-group metals: 0.7%Natural gas liquids: 0.4%Other mining commodities: 0.2%33.9%Mining28.8%Precious metals23.7%Gold4.4%Silver3.8%Energy2.2%Oil1.2%Gas
SegmentRevenueShare of revenueChange on the year
Mining1.82B33.9%+63.7%
Precious metals1.55B28.8%+81.6%
Gold1.28B23.7%+80.5%
Silver235.60M4.4%+100.0%
Energy203.80M3.8%+5.6%
Oil118.80M2.2%-7.6%
Gas65.40M1.2%+48.3%
Iron Ore43.70M0.8%-13.5%
Platinum-group metals37.30M0.7%+31.8%
Natural gas liquids19.60M0.4%-3.4%
Other mining commodities12.40M0.2%+51.2%

By region

FY2025
Peru: 21.1%Canada: 19.4%United States: 14.6%Chile: 13.8%Rest of World: 12.9%Brazil: 8.1%Other: 8.0%Panama: 2.1%21.1%Peru19.4%Canada14.6%United States13.8%Chile12.9%Rest of World8.1%Brazil8.0%Other2.1%Panama
RegionRevenueShare of revenueChange on the year
Peru384.40M21.1%+71.8%
Canada354.00M19.4%+83.6%
United States266.10M14.6%+29.8%
Chile251.60M13.8%+49.0%
Rest of World235.60M12.9%+31.9%
Brazil147.50M8.1%+182.6%
Other145.30M8.0%+57.4%
Panama38.30M2.1%+38,200.0%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20251.49B-703.00M
FY2024829.50M421.50M
FY2023991.20M469.60M
FY2022999.50M858.00M
FY2021955.40M194.90M
FY2020803.90M491.30M
FY2019617.70M172.50M
FY2018474.80M-514.80M
FY2017488.60M-12.60M
FY2016471.00M-276.10M

Franco-Nevada financial health

Full balance sheet
Cash and short-term investments
1.01B USD
Total debt
0.00 USD
Net cash
1.01B USD
Free cash flow (TTM)
891.40M USD
Current ratio
9.38
Debt to equity
0.00
Piotroski score
7 / 9
Altman Z-score
43.24

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025669.68M8.58M-703.00M
FY20241.45B0.00421.50M
FY20231.42B0.00469.60M
FY20221.20B0.00858.00M
FY2021539.30M0.00194.90M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY20258.23B605.00M7.62B
FY20246.33B333.80M6.00B
FY20235.99B225.00M5.77B
FY20226.63B209.20M6.42B
FY20216.21B184.70M6.03B
FY20205.59B149.10M5.44B
FY20195.28B218.40M5.06B
FY20184.93B299.90M4.63B
FY20174.79B82.90M4.71B
FY20164.22B75.10M4.15B

Franco-Nevada valuation

Price to earnings ratio (TTM)
33.19
Forward P/E (FY2026)
31.77
Price to sales (TTM)
21.16
Price to book
5.95
EV / EBITDA (TTM)
21.62

Capital structure

Market capitalization
49.03B USD
+
Total debt
0.00 USD
−
Cash and short-term investments
1.01B USD
=
Enterprise value
48.01B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2027 (est.)28.43————
FY2026 (est.)31.7728.43———
Now (TTM)33.1928.8521.165.9521.62
FY202535.3125.8921.915.2422.94
FY202440.9721.7320.323.7721.40
FY2023-45.6035.9217.453.69-218.17
FY202238.8839.2319.864.0722.27
FY202135.8338.2520.334.3922.36

Franco-Nevada against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: AngloGold Ashanti, Royal Gold, Newmont, Coeur Mining, Aura Minerals, and SSR Mining, the US Gold companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years73.9%
    62.9%73.9%
    Against its peers: 1 of 7Peers' median 49.9%
  • Operating marginHighest in 5 years71.4%
    60.6%71.4%
    Against its peers: 1 of 7Peers' median 46.9%
  • Net marginHighest in 5 years61.0%
    -38.3%61.0%
    Against its peers: 1 of 7Peers' median 27.5%
  • Return on equityHighest in 5 years14.6%
    -8.1%14.6%
    Against its peers: 4 of 7Peers' median 14.6%
  • Free cash flow marginLowest in 5 years-38.6%
    -38.6%65.2%
    Against its peers: 6 of 7Peers' median 23.1%
  • Revenue growthHighest in 5 years63.7%
    -8.6%63.7%
    Against its peers: 4 of 7Peers' median 60.8%
  • EPS growthAbove its median104.2%
    -169.2%111.1%
    Against its peers: 4 of 5Peers' median 123.4%
  • Debt to EBITDAHighest in 5 years0.00×
    0.00×0.00×
    Against its peers: 1 of 7Peers' median 0.53×
  • Current ratioLowest in 5 years8.30
    8.3041.21
    Against its peers: 1 of 7Peers' median 2.18

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Franco-Nevada dividends

Annual dividend
1.76 USD
Dividend yield (indicated)
0.69%
Payout ratio
22.19%
Years of dividend growth
11
Frequency
Quarterly
Last payment
0.44 USD
Last ex-dividend date
10 Sept 2026
Last payment date
24 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.521.441.361.281.161.030.990.950.910.87

Franco-Nevada ownership

Institutions
71.88%
Institutional holders
693 (+27)
Free float
99.36%

Who owns the shares

Institutions 71.9% Others 28.1%
As of 30 Jun 2026

Shares free to trade

Free float 191.64M shares ·99.4% Closely held 1.24M shares ·0.6%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025192.70M193.00M+0.21%
FY2024192.40M192.60M+0.31%
FY2023192.00M192.00M+0.05%
FY2022191.50M191.90M+0.21%
FY2021191.10M191.50M+0.42%

Common questions about Franco-Nevada's financials

Source: Financial Modeling Prep

Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Never invest money you cannot afford to lose, and carefully assess the suitability of complex products such as CFDs and derivatives in light of your financial situation. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Arincen would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.

Arincen and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Arincen and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Arincen may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2026 - Arincen L.L.C-FZ - License No. 2420098.01. All Rights Reserved.