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NYSE · GOLD AND SILVER ORES

Franco Nevada Corp. FNV

10 fiscal years on record · USD · FY2025 reported · SEC filings only
9 YEARS OF DIVIDEND GROWTH
$1.8B
▲ 63.7% YoY
$1.1B
▲ 101.4% YoY
$1.5B
▲ 79.8% YoY
In brief

What this company does

Franco-Nevada Corporation generates its revenue from various forms of agreements, ranging from net smelter return royalties, streams, profit-based royalty interests, net royalty interests, working interests, and other types of arrangements. It does not operate mines, develop projects, or conduct exploration. As of March 19, 2026, it had 44 full-time employees and 5 part-time contractors. In 2025, 88% of its revenue was earned from mining assets, of which 85% was earned from precious metals. It also holds a portfolio of over 300 exploration and advanced-stage royalty and stream interests. Franco-Nevada was incorporated under the Canada Business Corporations Act on October 17, 2007, and was amalgamated with Franco-Nevada Canada Corporation, its wholly-owned subsidiary, on January 1, 2008.

Written from the business description in FRANCO NEVADA Corp's annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.8B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.8 · Net income 1.1
0.8B1.6B-0.2B-0.4B2016201720182019202020212022202320242025
Compound annual growth
+11.5%
+12.3%
+16.7%
+27.8%
+16.4%
+27.5%
+5.9%
+8.1%
+11.7%
+12.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.3% a year over five years — but profit grew faster: net income at +27.8%, earnings per share at +27.5%.

The share count rose from 0.19B to 0.19B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
61 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 74.3% · Net 61.0%
20%40%60%-10%-20%-30%2016201720182019202020212022202320242025
ROE

Not available in our data for this period.

Gross margin73.9%
Operating margin74.3%
Net margin61.0%
Return on assets15.3%
EBITDAUSD 1.7B

Cash & shareholders
USD 275.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.5
0.5B1.0B2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 275.1 · Net buybacks —
100M200M2016201720182019202020212022202320242025
Dividends paidUSD 275.1M
Net buybacks—
Share of profit24.7%
Consecutive raises9 years

USD 275.1M in dividends — 25% of the year's profit went back to shareholders.

Total assetsUSD 8.2B
CashUSD 670.9M
Current ratio8.30×

Not available: we don't have the total debt figure for this period.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B1.81.11.21.31.31.00.80.70.70.6
Operating income $B1.40.7−0.40.80.90.30.40.20.20.2
EBITDA $B1.71.0−0.21.11.20.60.70.40.50.4
Income tax $B0.30.20.10.10.10.00.10.10.00.0
Net income $B1.10.6−0.50.70.70.30.30.10.20.1
Free cash flow $B1.50.8·······0.5
EPS, diluted $5.762.87−2.433.653.831.711.830.751.060.69
Dividend / sh $1.521.441.361.281.161.030.990.950.910.87
Payout %2544−5028244740986597
ROE %··········
Shares out B0.190.190.190.190.190.190.190.190.190.18

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 45 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGold and Silver Ores
Listed onNYSE
Incorporated inoutside the United States — SEC code Z4
Fiscal year endsDecember 31
Data on record since2016

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