Last 47 quarters of trend data · Basic Materials · Gold
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Franco-Nevada Corporation's quarterly P/E stands at 26.7x, down 17.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 5.2% YoY to 18.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 38.92 | 26.71 | 37.40 | 32.02 | 36.14 | 32.30 | 39.32 | 72.27 | 39.72 | — | 37.08 | 36.75 | 45.00 |
| — | -17.3% | -4.9% | -55.7% | -9.0% | — | +6.0% | +96.6% | -11.7% | — | -4.1% | +15.1% | +7.2% | |
| P/S Ratio | 23.72 | 16.52 | 22.05 | 21.41 | 20.63 | 17.63 | 21.69 | 21.93 | 22.32 | 17.55 | 20.75 | 20.77 | 25.36 |
| — | -6.3% | +1.7% | -2.4% | -7.6% | +0.5% | +4.5% | +5.6% | -12.0% | -14.0% | +4.7% | +15.5% | +14.1% | |
| P/B Ratio | 5.78 | 5.24 | 6.15 | 4.79 | 4.83 | 3.78 | 4.00 | 3.90 | 3.94 | 3.69 | 3.79 | 4.10 | 4.29 |
| — | +38.9% | +54.0% | +22.8% | +22.6% | +2.3% | +5.3% | -4.9% | -8.3% | -9.5% | +3.9% | +1.7% | -12.4% | |
| P/FCF | — | 25.03 | 193.44 | — | — | 23.76 | — | 32.10 | 183.12 | 26.77 | 90.95 | 68.59 | 69.92 |
| — | +5.3% | — | — | — | -11.2% | — | -53.2% | +161.9% | -36.9% | +265.5% | +169.7% | +109.1% | |
| EV / EBITDA | 26.74 | 18.10 | 25.01 | 21.29 | 22.73 | 19.10 | 23.92 | 24.08 | 24.92 | — | 23.90 | 23.69 | 28.72 |
| — | -5.2% | +4.6% | -11.6% | -8.8% | — | +0.1% | +1.7% | -13.2% | — | +7.0% | +16.8% | +11.5% | |
| EV / EBIT | 33.08 | 21.61 | 29.48 | 24.87 | 27.07 | 24.04 | 28.89 | 30.47 | 31.25 | — | 30.38 | 30.78 | 36.22 |
| — | -10.1% | +2.0% | -18.4% | -13.4% | — | -4.9% | -1.0% | -13.7% | — | -0.7% | +18.0% | +8.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Franco-Nevada Corporation's operating margin was 75.6% in Q4 2025, up 5.7 pp QoQ and up 7.9 pp YoY. The trailing four-quarter average of 74.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 9.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.9% | 77.0% | 72.5% | 73.6% | 71.0% | 70.6% | 68.8% | 68.5% | 64.3% | 62.4% | 62.2% | 63.0% | 64.1% |
| — | +9.1% | +5.4% | +7.5% | +10.5% | +13.1% | +10.6% | +8.8% | +0.2% | -0.6% | -2.5% | -6.5% | -1.5% | |
| Operating Margin | 71.0% | 75.6% | 69.9% | 82.8% | 68.8% | 67.7% | 66.0% | 65.0% | 61.6% | -325.6% | 60.4% | 60.8% | 62.3% |
| — | +11.6% | +5.9% | +27.4% | +11.7% | +120.8% | +9.3% | +6.9% | -1.1% | -651.1% | -2.7% | -7.5% | +0.2% | |
| Net Margin | 61.1% | 61.7% | 59.0% | 66.9% | 56.9% | 54.6% | 55.4% | 30.6% | 56.3% | -323.9% | 56.6% | 55.9% | 56.6% |
| — | +13.0% | +6.4% | +118.9% | +1.2% | +116.9% | -2.1% | -45.3% | -0.7% | -729.0% | +9.8% | +0.3% | +5.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.6% | 5.1% | 4.2% | 3.8% | 3.4% | 2.9% | 2.6% | 1.4% | 2.5% | -15.7% | 2.6% | 2.8% | 2.4% |
| — | +74.5% | +63.9% | +181.2% | +36.9% | +118.7% | -0.9% | -51.2% | +3.1% | -700.7% | +9.6% | -10.8% | -19.7% | |
| ROA | 15.5% | 4.7% | 4.0% | 3.6% | 3.2% | 2.8% | 2.5% | 1.3% | 2.4% | -15.1% | 2.5% | 2.7% | 2.3% |
| — | +70.8% | +61.2% | +177.3% | +34.8% | +118.3% | -2.6% | -51.8% | +2.4% | -698.7% | +9.3% | -11.1% | -19.9% | |
| ROIC | 16.8% | 4.9% | 3.9% | 3.9% | 3.9% | 3.5% | 3.0% | 2.9% | 2.7% | -15.1% | 2.6% | 2.8% | 2.5% |
| — | +38.5% | +28.4% | +38.2% | +45.5% | +123.5% | +16.4% | +1.3% | +9.5% | -652.4% | +1.3% | -11.5% | -15.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Franco-Nevada Corporation's Debt/EBITDA ratio is 0.0x, down from 0.0x last quarter — comfortably within a safe range. The current ratio has weakened 67.4% YoY to 8.30x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 0.01 | 0.02 | 0.02 | 0.03 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 8.30 | 8.30 | 4.64 | 4.25 | 22.90 | 25.43 | 23.39 | 29.12 | 29.40 | 41.21 | 37.72 | 26.70 | 28.76 |
| — | -67.4% | -80.2% | -85.4% | -22.1% | -38.3% | -38.0% | +9.0% | +2.3% | +49.6% | +55.0% | +2.7% | +32.3% | |
| Quick Ratio | 8.30 | 8.30 | 4.63 | 4.17 | 21.44 | 24.00 | 23.39 | 29.12 | 29.40 | 39.89 | 37.72 | 26.70 | 28.76 |
| — | -65.4% | -80.2% | -85.7% | -27.1% | -39.8% | -38.0% | +9.0% | +2.3% | +44.8% | +55.1% | +2.7% | +32.4% | |
| Interest Coverage | 417.32 | 563.00 | 426.25 | 376.05 | 363.24 | 319.59 | 257.93 | 281.72 | 264.85 | -1201.30 | 270.58 | 282.70 | 245.84 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Franco-Nevada Corporation's current P/E is 38.9x. The average P/E over the last 4 quarters is 33.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Franco-Nevada Corporation's current operating margin is 71.0%. 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.