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AMRK vs FNV
Revenue, margins, valuation, and 5-year total return — side by side.
Gold
AMRK vs FNV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Financial - Capital Markets | Gold |
| Market Cap | $1.16B | $45.21B |
| Revenue (TTM) | $10.98B | $1.83B |
| Net Income (TTM) | $12M | $1.12B |
| Gross Margin | 1.9% | 73.9% |
| Operating Margin | 0.4% | 74.2% |
| Forward P/E | 19.5x | 27.1x |
| Total Debt | $907M | $9M |
| Cash & Equiv. | $78M | $433M |
AMRK vs FNV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | Mar 26 | Return |
|---|---|---|---|
| A-Mark Precious Met… (AMRK) | 100 | 551.6 | +451.6% |
| Franco-Nevada Corpo… (FNV) | 100 | 166.7 | +66.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AMRK vs FNV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AMRK is the clearest fit if your priority is long-term compounding.
- 404.0% 10Y total return vs FNV's 250.6%
- Lower P/E (19.5x vs 27.1x)
- 1.6% yield, vs FNV's 0.6%
FNV carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 11 yrs, beta 0.56, yield 0.6%
- Rev growth 66.4%, EPS growth 104.2%, 3Y rev CAGR 13.6%
- Lower volatility, beta 0.56, Low D/E 0.1%, current ratio 8.30x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 66.4% revenue growth vs AMRK's 13.2% | |
| Value | Lower P/E (19.5x vs 27.1x) | |
| Quality / Margins | 61.1% margin vs AMRK's 0.2% | |
| Stability / Safety | Beta 0.56 vs AMRK's 1.07, lower leverage | |
| Dividends | 1.6% yield, vs FNV's 0.6% | |
| Momentum (1Y) | +95.9% vs FNV's +37.4% | |
| Efficiency (ROA) | 15.2% ROA vs AMRK's 0.3%, ROIC 16.8% vs 2.4% |
AMRK vs FNV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
AMRK vs FNV — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
FNV leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
AMRK is the larger business by revenue, generating $11.0B annually — 6.0x FNV's $1.8B. FNV is the more profitable business, keeping 61.1% of every revenue dollar as net income compared to AMRK's 0.2%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $11.0B | $1.8B |
| EBITDAEarnings before interest/tax | $75M | $1.7B |
| Net IncomeAfter-tax profit | $12M | $1.1B |
| Free Cash FlowCash after capex | $316M | -$695M |
| Gross MarginGross profit ÷ Revenue | +1.9% | +73.9% |
| Operating MarginEBIT ÷ Revenue | +0.4% | +74.2% |
| Net MarginNet income ÷ Revenue | +0.2% | +61.1% |
| FCF MarginFCF ÷ Revenue | +1.3% | -38.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +88.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +70.4% | +113.2% |
Valuation Metrics
AMRK leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 40.0x trailing earnings, FNV trades at a 39% valuation discount to AMRK's 65.8x P/E. On an enterprise value basis, FNV's 27.5x EV/EBITDA is more attractive than AMRK's 27.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.2B | $45.2B |
| Enterprise ValueMkt cap + debt − cash | $2.0B | $44.8B |
| Trailing P/EPrice ÷ TTM EPS | 65.80x | 40.02x |
| Forward P/EPrice ÷ next-FY EPS est. | 19.47x | 27.10x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.50x |
| EV / EBITDAEnterprise value multiple | 27.78x | 27.50x |
| Price / SalesMarket cap ÷ Revenue | 0.11x | 24.39x |
| Price / BookPrice ÷ Book value/share | 1.63x | 5.94x |
| Price / FCFMarket cap ÷ FCF | 8.21x | — |
Profitability & Efficiency
FNV leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
FNV delivers a 16.3% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $2 for AMRK. FNV carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to AMRK's 1.29x. On the Piotroski fundamental quality scale (0–9), FNV scores 7/9 vs AMRK's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +1.8% | +16.3% |
| ROA (TTM)Return on assets | +0.3% | +15.2% |
| ROICReturn on invested capital | +2.4% | +16.8% |
| ROCEReturn on capital employed | +4.8% | +18.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 1.29x | 0.00x |
| Net DebtTotal debt minus cash | $829M | -$425M |
| Cash & Equiv.Liquid assets | $78M | $433M |
| Total DebtShort + long-term debt | $907M | $9M |
| Interest CoverageEBIT ÷ Interest expense | 1.06x | 450.58x |
Total Returns (Dividends Reinvested)
AMRK leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AMRK five years ago would be worth $27,522 today (with dividends reinvested), compared to $16,522 for FNV. Over the past 12 months, AMRK leads with a +95.9% total return vs FNV's +37.4%. The 3-year compound annual growth rate (CAGR) favors FNV at 14.5% vs AMRK's 10.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +34.9% | +12.6% |
| 1-Year ReturnPast 12 months | +95.9% | +37.4% |
| 3-Year ReturnCumulative with dividends | +35.6% | +49.9% |
| 5-Year ReturnCumulative with dividends | +175.2% | +65.2% |
| 10-Year ReturnCumulative with dividends | +404.0% | +250.6% |
| CAGR (3Y)Annualised 3-year return | +10.7% | +14.5% |
Risk & Volatility
FNV leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
FNV is the less volatile stock with a 0.56 beta — it tends to amplify market swings less than AMRK's 1.07 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FNV currently trades 82.1% from its 52-week high vs AMRK's 77.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.07x | 0.56x |
| 52-Week HighHighest price in past year | $59.97 | $285.67 |
| 52-Week LowLowest price in past year | $19.39 | $152.89 |
| % of 52W HighCurrent price vs 52-week peak | +77.9% | +82.1% |
| RSI (14)Momentum oscillator 0–100 | 62.9 | 31.8 |
| Avg Volume (50D)Average daily shares traded | 545K | 778K |
Analyst Outlook
Evenly matched — AMRK and FNV each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates AMRK as "Buy" and FNV as "Hold". Consensus price targets imply 17.4% upside for FNV (target: $275) vs -27.2% for AMRK (target: $34). For income investors, AMRK offers the higher dividend yield at 1.65% vs FNV's 0.62%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $34.00 | $275.20 |
| # AnalystsCovering analysts | 4 | 25 |
| Dividend YieldAnnual dividend ÷ price | +1.6% | +0.6% |
| Dividend StreakConsecutive years of raises | 0 | 11 |
| Dividend / ShareAnnual DPS | $0.77 | $1.45 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | 0.0% |
FNV leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). AMRK leads in 2 (Valuation Metrics, Total Returns). 1 tied.
AMRK vs FNV: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is AMRK or FNV a better buy right now?
For growth investors, Franco-Nevada Corporation (FNV) is the stronger pick with 66.
4% revenue growth year-over-year, versus 13. 2% for A-Mark Precious Metals, Inc. (AMRK). Franco-Nevada Corporation (FNV) offers the better valuation at 40. 0x trailing P/E (27. 1x forward), making it the more compelling value choice. Analysts rate A-Mark Precious Metals, Inc. (AMRK) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — AMRK or FNV?
On trailing P/E, Franco-Nevada Corporation (FNV) is the cheapest at 40.
0x versus A-Mark Precious Metals, Inc. at 65. 8x. On forward P/E, A-Mark Precious Metals, Inc. is actually cheaper at 19. 5x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — AMRK or FNV?
Over the past 5 years, A-Mark Precious Metals, Inc.
(AMRK) delivered a total return of +175. 2%, compared to +65. 2% for Franco-Nevada Corporation (FNV). Over 10 years, the gap is even starker: AMRK returned +404. 0% versus FNV's +250. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — AMRK or FNV?
By beta (market sensitivity over 5 years), Franco-Nevada Corporation (FNV) is the lower-risk stock at 0.
56β versus A-Mark Precious Metals, Inc. 's 1. 07β — meaning AMRK is approximately 91% more volatile than FNV relative to the S&P 500. On balance sheet safety, Franco-Nevada Corporation (FNV) carries a lower debt/equity ratio of 0% versus 129% for A-Mark Precious Metals, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — AMRK or FNV?
By revenue growth (latest reported year), Franco-Nevada Corporation (FNV) is pulling ahead at 66.
4% versus 13. 2% for A-Mark Precious Metals, Inc. (AMRK). On earnings-per-share growth, the picture is similar: Franco-Nevada Corporation grew EPS 104. 2% year-over-year, compared to -75. 0% for A-Mark Precious Metals, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — AMRK or FNV?
Franco-Nevada Corporation (FNV) is the more profitable company, earning 61.
1% net margin versus 0. 2% for A-Mark Precious Metals, Inc. — meaning it keeps 61. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FNV leads at 71. 0% versus 0. 4% for AMRK. At the gross margin level — before operating expenses — FNV leads at 73. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is AMRK or FNV more undervalued right now?
On forward earnings alone, A-Mark Precious Metals, Inc.
(AMRK) trades at 19. 5x forward P/E versus 27. 1x for Franco-Nevada Corporation — 7. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FNV: 17. 4% to $275. 20.
08Which pays a better dividend — AMRK or FNV?
All stocks in this comparison pay dividends.
A-Mark Precious Metals, Inc. (AMRK) offers the highest yield at 1. 6%, versus 0. 6% for Franco-Nevada Corporation (FNV).
09Is AMRK or FNV better for a retirement portfolio?
For long-horizon retirement investors, Franco-Nevada Corporation (FNV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
56), 0. 6% yield, +250. 6% 10Y return). Both have compounded well over 10 years (FNV: +250. 6%, AMRK: +404. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between AMRK and FNV?
These companies operate in different sectors (AMRK (Financial Services) and FNV (Basic Materials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: AMRK is a small-cap quality compounder stock; FNV is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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