Last 47 quarters of trend data · Basic Materials · Gold
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 35.37 | 25.84 | 26.71 | 37.40 | 32.02 | 36.14 | 32.30 | 39.32 | 72.27 | 39.72 | — | 37.08 | 36.75 | 45.00 | 39.67 | 38.66 | 31.94 | 41.98 | 30.06 | 37.33 | 39.42 |
| — | -28.5% | -17.3% | -4.9% | -55.7% | -9.0% | — | +6.0% | +96.6% | -11.7% | — | -4.1% | +15.1% | +7.2% | +32.0% | +3.6% | -19.0% | +20.6% | -10.8% | -13.3% | -43.5% | |
| P/S Ratio | 21.92 | 18.34 | 16.73 | 22.05 | 21.41 | 20.63 | 17.63 | 21.69 | 21.93 | 22.32 | 17.55 | 20.75 | 20.77 | 25.36 | 20.43 | 18.75 | 17.83 | 22.45 | 20.19 | 19.57 | 19.90 |
| — | -11.1% | -5.1% | +1.7% | -2.4% | -7.6% | +0.5% | +4.5% | +5.6% | -12.0% | -14.1% | +10.6% | +16.5% | +12.9% | +1.2% | -4.2% | -10.4% | +16.3% | +2.9% | -17.3% | -41.3% | |
| P/B Ratio | 5.25 | 5.87 | 5.24 | 6.15 | 4.79 | 4.83 | 3.78 | 4.00 | 3.90 | 3.94 | 3.69 | 3.79 | 4.10 | 4.29 | 4.08 | 3.65 | 4.03 | 4.90 | 4.39 | 4.25 | 4.76 |
| — | +21.5% | +38.9% | +54.0% | +22.8% | +22.6% | +2.3% | +5.3% | -4.9% | -8.3% | -9.5% | +3.9% | +1.7% | -12.4% | -7.1% | -14.1% | -15.3% | +15.2% | +0.1% | -16.1% | -8.8% | |
| P/FCF | 26.84 | 171.63 | 3.87 | 193.44 | — | — | 23.76 | — | 32.10 | 183.12 | 26.77 | 90.95 | 68.59 | 69.92 | 42.43 | 24.88 | 25.43 | 33.44 | 25.46 | 30.97 | — |
| — | — | -83.7% | — | — | — | -11.2% | — | -53.2% | +161.9% | -36.9% | +265.5% | +169.7% | +109.1% | +66.6% | -19.7% | — | -81.1% | -53.9% | -64.4% | — | |
| EV / EBITDA | 24.59 | 20.10 | 18.13 | 25.24 | 24.04 | 23.24 | 18.86 | 24.19 | 24.08 | 24.92 | — | 23.90 | 23.69 | 28.72 | 23.81 | 21.19 | 20.10 | 25.91 | 18.77 | 22.62 | 24.27 |
| — | -13.5% | -3.9% | +4.3% | -0.2% | -6.8% | — | +1.2% | +1.7% | -13.2% | — | +12.8% | +17.9% | +10.8% | +26.9% | -6.3% | -17.2% | +16.8% | -15.4% | -18.3% | -41.2% | |
| EV / EBIT | 30.39 | 19.87 | 21.20 | 29.48 | 24.87 | 27.07 | 24.04 | 28.89 | 30.47 | 31.25 | — | 30.38 | 30.78 | 36.22 | 32.44 | 28.89 | 25.87 | 33.93 | 24.62 | 30.97 | 33.45 |
| — | -26.6% | -11.8% | +2.0% | -18.4% | -13.4% | — | -4.9% | -1.0% | -13.7% | — | +5.2% | +19.0% | +6.8% | +31.7% | -6.7% | -22.7% | +11.1% | -16.4% | -14.3% | -45.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.9% | 80.9% | 77.1% | 72.5% | 73.6% | 71.0% | 70.6% | 68.8% | 68.5% | 64.3% | 62.4% | 62.2% | 63.0% | 64.1% | 62.8% | 63.7% | 67.3% | 65.1% | 61.4% | 63.6% | 64.1% |
| — | +13.9% | +9.2% | +5.4% | +7.5% | +10.5% | +13.1% | +10.6% | +8.8% | +0.2% | -0.6% | -2.3% | -6.5% | -1.6% | +2.3% | +0.1% | +5.0% | +2.0% | -1.8% | -2.4% | +8.9% | |
| Operating Margin | 71.4% | 78.5% | 76.6% | 69.1% | 71.3% | 66.9% | 68.8% | 65.1% | 65.0% | 61.6% | -325.6% | 60.4% | 60.8% | 62.3% | 59.0% | 61.9% | 65.7% | 62.6% | 81.5% | 62.2% | 59.1% |
| — | +17.4% | +11.4% | +6.3% | +9.7% | +8.6% | +121.1% | +7.7% | +6.9% | -1.1% | -652.3% | -2.3% | -7.6% | -0.5% | -27.7% | -0.6% | +11.1% | +0.9% | +26.8% | -2.4% | +9.2% | |
| Net Margin | 61.0% | 72.0% | 61.6% | 59.0% | 66.9% | 56.9% | 54.6% | 55.4% | 30.6% | 56.3% | -323.9% | 56.6% | 55.9% | 56.6% | 51.5% | 51.6% | 55.8% | 53.7% | 67.4% | 52.5% | 50.5% |
| — | +26.5% | +12.7% | +6.4% | +118.9% | +1.2% | +116.9% | -2.1% | -45.3% | -0.7% | -729.0% | +9.5% | +0.3% | +5.4% | -23.6% | -1.6% | +10.4% | -3.2% | +16.2% | -4.6% | +4.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.3% | 5.9% | 5.0% | 4.2% | 3.8% | 3.4% | 2.9% | 2.6% | 1.4% | 2.5% | -15.7% | 2.6% | 2.8% | 2.4% | 2.6% | 2.5% | 3.2% | 3.0% | 3.7% | 2.9% | 3.1% |
| — | +74.2% | +71.9% | +63.9% | +181.2% | +36.9% | +118.7% | -0.9% | -51.2% | +3.1% | -701.6% | +3.4% | -11.6% | -18.7% | -30.1% | -11.8% | +2.8% | -4.1% | +12.6% | -4.5% | +62.0% | |
| ROA | 15.3% | 5.5% | 4.7% | 4.0% | 3.6% | 3.2% | 2.8% | 2.5% | 1.3% | 2.4% | -15.1% | 2.5% | 2.7% | 2.3% | 2.5% | 2.4% | 3.1% | 2.9% | 3.6% | 2.8% | 3.0% |
| — | +70.1% | +68.3% | +61.2% | +177.3% | +34.8% | +118.3% | -2.6% | -51.8% | +2.4% | -699.6% | +3.1% | -11.9% | -18.9% | -30.3% | -12.1% | +2.4% | -4.6% | +12.3% | -4.8% | +61.3% | |
| ROIC | 16.6% | 5.1% | 4.9% | 3.8% | 3.4% | 3.8% | 3.6% | 3.0% | 2.9% | 2.7% | -15.1% | 2.6% | 2.8% | 2.5% | 2.7% | 2.7% | 3.2% | 2.9% | 3.7% | 2.7% | 2.9% |
| — | +34.7% | +36.5% | +28.8% | +19.1% | +41.4% | +123.8% | +14.8% | +1.3% | +9.5% | -654.4% | -3.8% | -12.3% | -15.2% | -25.5% | +0.9% | +11.4% | +0.7% | +20.3% | -5.8% | +70.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | — | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 0.01 | — | 0.02 | 0.02 | 0.03 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 8.30 | 6.15 | 8.30 | 4.64 | 4.25 | 22.90 | 25.43 | 23.39 | 29.12 | 29.40 | 41.21 | 37.72 | 26.70 | 28.76 | 27.55 | 24.34 | 26.01 | 21.73 | 17.39 | 13.57 | 9.86 |
| — | -73.1% | -67.4% | -80.2% | -85.4% | -22.1% | -38.3% | -38.0% | +9.0% | +2.3% | +49.6% | +55.0% | +2.7% | +32.3% | +58.4% | +79.3% | +163.8% | +32.6% | +39.4% | -5.6% | -27.2% | |
| Quick Ratio | 8.30 | 6.15 | 8.30 | 4.63 | 4.17 | 21.44 | 24.00 | 23.39 | 29.12 | 29.40 | 39.89 | 37.72 | 26.70 | 28.76 | 27.55 | 24.33 | 26.00 | 21.72 | 17.38 | 13.56 | 9.84 |
| — | -71.3% | -65.4% | -80.2% | -85.7% | -27.1% | -39.8% | -38.0% | +9.0% | +2.3% | +44.8% | +55.1% | +2.7% | +32.4% | +58.5% | +79.4% | +164.4% | +33.0% | +39.4% | -5.7% | -27.3% | |
| Interest Coverage | 449.01 | 755.08 | 574.05 | 454.00 | 389.21 | 387.31 | 324.00 | 277.20 | 292.39 | 288.96 | -1169.92 | 290.40 | 299.05 | 263.98 | 274.73 | 249.39 | 295.01 | 240.27 | 293.43 | 247.94 | 187.96 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying FNV stock.
Franco-Nevada Corporation's current P/E is 35.4x. The average P/E over the last 4 quarters is 30.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Franco-Nevada Corporation's current operating margin is 71.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Franco-Nevada Corporation's business trajectory between earnings reports.