Franco-Nevada is having a record year in mining profits without actually doing any mining.

Franco-Nevada's capital-light royalty model is generating exceptional profitability, with operating margins expanding to 76.7% in Q2 2026 as revenue growth accelerates to 57.3% year-over-year, driven by favorable commodity prices.
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Revenue growth has accelerated to 57.3% year-over-year in Q2 2026, with gross margins expanding structurally to 77.6%, reflecting the royalty model's ability to capture upside from commodity prices with minimal cost inflation.
Franco-Nevada Corporation reported record first-quarter 2026 results, with sales rising to US$648.5 million and net income reaching US$468.6 million, showcasing strong financial growth.
Basic earnings per share from continuing operations increased to US$2.43, highlighting profitability and shareholder value.
The quarter underscored Franco-Nevada's enlarged royalty and streaming portfolio, which contributes to diversified revenue streams.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 11, 2026 | $1.81-7.2% vs $1.95 | $581M-5.8% vs $617M |
Q2 2026 May 12, 2026 | $2.38+13.9% vs $2.09 | $651M+2.6% vs $634M |
Q2 2026 Mar 10, 2026 | $1.85+10.1% vs $1.68 | $597M+10.7% vs $540M |
Q4 2025 Nov 3, 2025 | $1.43+4.4% vs $1.37 | $488M-9.0% vs $536M |
Franco-Nevada is having a record year in mining profits without actually doing any mining.

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Louisbourg Investments Inc. decreased its position in shares of Franco-Nevada Corporation (NYSE: FNV) (TSE: FNV) by 28.4% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,885 shares of the basic materials company's stock after selling 7,478 shares during the quarter. Louisbourg
Benchmark FNV against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Franco-Nevada Corporation (FNV)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $254.95 | $49.17B | 43.51 | 63.69% | 61.01% | 16.33% | 0.56% | |
| $136.31 | $61.9B | 41.43 | 83.33% | 64.66% | 22.96% | 0.49% | |
| $265.81 | $22.56B | 39.73 | 44.57% | 47.7% | 11.48% | 0.64% | |
| $36.22 | $6.79B | 32.63 | 47.52% | 78.04% | 19.57% | 0.52% | |
| $4.16 | $453.29M | -144.44 | 17.34% | 18.26% | 4.19% | — | |
| $120.91 | $127.4B | 18.86 | 19.08% | 39.2% | 26.29% | 0.83% |
Franco-Nevada Corporation (FNV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Franco-Nevada Corporation (FNV) stock FAQ — growth, dividends, profitability & financials explained
Franco-Nevada Corporation (FNV) reported $2.32B in revenue over the trailing twelve months. Revenue was $1.82B in fiscal year 2025. That is 55456% more than the $3.3M of fiscal year 2007.
Franco-Nevada Corporation (FNV) grew revenue by 63.7% in fiscal year 2025, compared with the prior fiscal year.
Yes. Franco-Nevada Corporation (FNV) earned $1.48B in net income over the trailing twelve months (a 63.8% net margin).
Yes. Franco-Nevada Corporation (FNV) pays a dividend that yields 0.56% at the current price, a small yield.
Franco-Nevada Corporation (FNV) had a return on equity (ROE) of 16.3% in fiscal year 2025. That is above the market's typical 10-15%.
Franco-Nevada Corporation (FNV) generated $3.11B in free cash flow over the trailing twelve months.