Franco-Nevada
FNV
237.90
-6.08
-2.49%
Franco-Nevada
US · FNV
#474 by market cap
Listed 1970
237.90
-6.08
-2.49%
Live - 5344 symbols - heartbeat 214s ago
· 2026-10-08 08:05
Pre-market
239.05
+0.48%
After-hours
237.90
0.00%
Overnight
238.00
+0.04%
- Market cap
- 45.88B
- P/E (TTM)i
- 31.10
- P/Bi
- 5.57
- EPSi
- 5.76
- Div yieldi
- 0.69%
- 52W posi
- 56%
Reader sentiment
Are you bullish or bearish on FNV?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 46.53, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +63.69% YoY
Margins
- Gross margin
- 73.91%
- Operating margin
- 71.37%
- Net margin
- 61.01%
Key ratios & quality
- PEG ratioi
- 1.87
- Altman Z-Scorei
- 46.53
PEG uses trailing P/E against the 3-year net income growth rate (16.65%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 653.20M | 844.10M | 1.02B | 1.30B | 1.32B | -- | 1.11B | 1.82B |
| Gross profit | 287.30M | 436.10M | 620.40M | 822.10M | 852.60M | 766.60M | 759.30M | 1.35B |
| Selling & admin expenses | 22.60M | 28.80M | 28.80M | 30.80M | 32.60M | 27.90M | 34.60M | 46.40M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 264.70M | 407.30M | 591.60M | 791.30M | 820.00M | 738.70M | 724.70M | 1.30B |
| Pretax profit | 189.10M | 405.90M | 339.50M | 857.80M | 833.70M | -364.20M | 763.90M | 1.42B |
| Tax | 50.10M | 61.80M | 13.30M | 124.10M | 133.10M | 102.20M | 211.80M | 303.90M |
| Net profit | 139.00M | 344.10M | 326.20M | 733.70M | 700.60M | -466.40M | 552.10M | 1.11B |
| Basic EPS | 1 | 2 | 2 | 4 | 4 | -2 | 3 | 6 |
| Diluted EPS | 0.75 | 1.84 | 1.72 | 3.83 | 3.65 | -2.43 | 2.87 | 5.76 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 368.40M | 369.40M | 487.70M | 597.30M | 650.70M | 580.90M |
| Gross profit | 261.50M | 271.90M | 353.50M | 460.40M | 526.30M | 451.00M |
| Selling & admin expenses | 15.10M | 12.40M | 16.30M | 2.60M | 15.40M | 4.30M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 246.40M | 259.50M | 337.20M | 457.80M | 510.90M | 446.70M |
| Pretax profit | 269.60M | 315.70M | 362.40M | 468.30M | 594.90M | 458.90M |
| Tax | 59.80M | 68.60M | 74.90M | 100.60M | 126.30M | 104.90M |
| Net profit | 209.80M | 247.10M | 287.50M | 367.70M | 468.60M | 354.00M |
| Basic EPS | 1 | 1 | 1 | 2 | 2 | 2 |
| Diluted EPS | 1.09 | 1.28 | 1.49 | 1.90 | 2.43 | 1.83 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 178.50M | 278.70M | 663.70M | 751.40M | 1.38B | 1.62B | 1.72B | 1.02B |
| Cash & ST investments | 69.70M | 132.10M | 534.20M | 539.30M | 1.20B | 1.42B | 1.45B | 670.90M |
| Inventory | 27.80M | 30.60M | 19.10M | 32.90M | 28.20M | 51.80M | 96.80M | 40.10M |
| Total assets | 4.93B | 5.28B | 5.59B | 6.21B | 6.63B | 5.99B | 6.33B | 8.24B |
| Total current liabilities | 25.00M | 53.40M | 53.20M | 43.20M | 50.20M | 39.20M | 67.50M | 123.00M |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | 207.60M | 80.00M | -- | -- | -- | -- | -- | -- |
| Total liabilities | 299,900,000.00 | 218,400,000.00 | 149,100,000.00 | 184,700,000.00 | 209,200,000.00 | 225,000,000.00 | 333,800,000.00 | 606,100,000.00 |
| Total equity | 4.63B | 5.06B | 5.44B | 6.03B | 6.42B | 5.77B | 6.00B | 7.64B |
| Retained earnings | -321.70M | -164.40M | -34.40M | 484.90M | 940.40M | 212.30M | 486.50M | 1.38B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.39B | 357.30M | 542.50M | 1.02B | -- | 1.39B |
| Cash & ST investments | 1.13B | 160.30M | 236.70M | 670.90M | -- | 1.01B |
| Inventory | 89.40M | 7.00M | 10.30M | 40.10M | -- | 112.60M |
| Total assets | 6.65B | 7.02B | 7.52B | 8.24B | -- | 8.92B |
| Total current liabilities | 60.90M | 84.00M | 116.90M | 123.00M | -- | 148.00M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 360,900,000.00 | 418,600,000.00 | 517,600,000.00 | 606,100,000.00 | -- | 681,500,000.00 |
| Total equity | 6.29B | 6.60B | 7.00B | 7.64B | -- | 8.24B |
| Retained earnings | 626.40M | 806.60M | 1.08B | 1.38B | -- | 2.05B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 474.80M | 617.70M | 803.90M | 955.40M | 999.50M | 991.20M | 829.50M | 1.49B |
| Depreciation & amortization | 247.70M | 263.20M | 241.00M | 299.60M | 286.20M | 273.10M | 225.30M | 306.70M |
| Free cash flow | -514.80M | 172.50M | 491.30M | 194.90M | 858.00M | 469.60M | 421.50M | -703.00M |
| Dividends paid | -136.10M | -138.20M | -154.90M | -179.60M | -197.60M | -233.00M | -242.40M | -275.10M |
| Stock buybacks / issuance | 0 | 136.00M | 135.70M | -- | -- | -- | -- | -- |
| Ending cash balance | 69.70M | 132.10M | 534.20M | 539.30M | 1.20B | 1.42B | 1.45B | 670.90M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 288.90M | 430.30M | 348.00M | 426.50M | -- | 482.50M |
| Depreciation & amortization | 68.40M | 64.00M | 87.00M | 87.30M | -- | 84.00M |
| Free cash flow | -219.50M | -930.60M | 55.60M | 391.50M | -- | 384.00M |
| Dividends paid | -70.20M | -67.00M | -67.30M | -70.60M | -- | -80.60M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 1.13B | 160.30M | 236.70M | 670.90M | -- | 1.01B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 2.98 | 7.10 | 6.21 | 12.79 | 11.26 | -7.65 | 9.38 | 16.32 |
| ROA %i | 2.86 | 6.74 | 6.00 | 12.43 | 10.92 | -7.39 | 8.96 | 15.26 |
| ROIC %i | 2.87 | 6.96 | 6.15 | 12.74 | 11.09 | -8.29 | 8.64 | 15.99 |
| 5-year avg ROE %i | 2.96 | 3.71 | 4.81 | 6.70 | 8.07 | 5.94 | 6.40 | 8.42 |
| EBIT margin %i | 29.65 | 48.99 | 33.32 | 66.01 | 63.37 | -29.87 | 68.61 | 77.70 |
| FCF / sales %i | -- | 20.44 | 48.16 | 14.99 | 65.21 | 38.52 | 37.85 | -- |
| Current ratioi | 7.14 | 5.22 | 12.48 | 17.39 | 27.55 | 41.21 | 25.43 | 8.30 |
| Quick ratioi | 5.81 | 4.31 | 11.80 | 16.18 | 26.54 | 39.10 | 23.96 | 7.54 |
| Debt / assetsi | 4.21 | 1.52 | -- | -- | -- | -- | -- | -- |
| LT debt / equityi | 4.48 | 1.58 | -- | -- | -- | -- | -- | -- |
| Interest coveragei | 42.11 | 54.41 | 849.75 | 2,860.33 | 8,338.00 | -3,641.00 | 7,640.00 | 4,721.00 |
| Revenue CAGR (3Y) %i | 13.77 | 11.42 | 14.76 | 25.79 | 15.95 | 6.11 | -5.03 | 11.48 |
| Net income CAGR (3Y) %i | 78.11 | 41.21 | 18.77 | 74.11 | 26.74 | -- | -9.04 | 16.65 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | 70.70 | -1.49 | 29.32 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 10.19 | 12.61 | 14.17 | 16.32 | -- | 19.91 |
| ROA %i | 9.71 | 11.93 | 13.31 | 15.26 | -- | 18.54 |
| ROIC %i | 9.54 | 12.04 | 13.70 | 15.99 | -- | 19.68 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 70.33 | 75.14 | 75.68 | 77.70 | 82.70 | 81.36 |
| FCF / sales %i | 13.93 | -- | -- | -- | -- | 38.48 |
| Current ratioi | 22.90 | 4.25 | 4.64 | 8.30 | -- | 9.38 |
| Quick ratioi | 21.35 | 3.87 | 3.86 | 7.54 | -- | 8.60 |
| Debt / assetsi | -- | -- | -- | -- | -- | -- |
| LT debt / equityi | -- | -- | -- | -- | -- | -- |
| Interest coveragei | 4,308.50 | 2,507.00 | 2,340.80 | 4,721.00 | -5,803.33 | 6,282.67 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Precious metals is the largest reported line at 85.85% of revenue, across 3 reported segments.
- The next-largest line, Energy, is a distant second at 12.12% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Precious metals85.85%
Energy12.12%
Other Mining2.03%
Quote time 2026-10-08 08:05:06 · For reference only, not investment advice and not tailored to your situation.