Franco-Nevada Corporation (FNV) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FNV Revenue Growth
Revenue Breakdown (FY 2024)
FNV's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
FNV Revenue Analysis (2014–2025)
As of May 6, 2026, Franco-Nevada Corporation (FNV) generated trailing twelve-month (TTM) revenue of $1.83 billion, reflecting explosive growth of +88.4% year-over-year. The most recent quarter (Q4 2025) recorded $604.9 million in revenue, up 24.0% sequentially.
Looking at the longer-term picture, FNV's 5-year compound annual growth rate (CAGR) stands at +11.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.85 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows FNV's business is primarily driven by Mining (34%), Precious metals (26%), and Gold (22%).
When compared to Basic Materials sector peers including WPM (+81.2% YoY), RGLD (+43.9% YoY), and OR (+53.1% YoY), FNV has outperformed the peer group in terms of revenue growth. Compare FNV vs WPM →
FNV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FNVCurrent | $1.8B | +88.4% | +11.7% | 71.0% | |
 WPM | $2.4B | +81.2% | +16.5% | 68.8% | |
 RGLD | $1.0B | +43.9% | +10.8% | 61.9% | |
 OR | $387M | +53.1% | +12.6% | 72.9% | |
 EMX | $24M | -2.0% | +84.9% | 4.0% | |
 NEM | $22.1B | -11.7% | +14.1% | 46.9% |
FNV Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.85B | +66.4% | $1.37B | 73.9% | $1.32B | 71.0% |
| 2024 | $1.11B | -8.6% | $759.3M | 68.2% | $726.6M | 65.2% |
| 2023 | $1.22B | -3.6% | $766.6M | 62.9% | $-428,000,000 | -35.1% |
| 2022 | $1.27B | -1.9% | $820.3M | 64.8% | $788.9M | 62.4% |
| 2021 | $1.29B | +20.7% | $815.2M | 63.2% | $784.6M | 60.9% |
| 2020 | $1.07B | +23.6% | $647.1M | 60.6% | $616.7M | 57.7% |
| 2019 | $863.7M | +39.3% | $446.2M | 51.7% | $416.8M | 48.3% |
| 2018 | $619.9M | -8.2% | $272.6M | 44.0% | $251.2M | 40.5% |
| 2017 | $675.0M | +10.6% | $260.0M | 38.5% | $235.4M | 34.9% |
| 2016 | $610.2M | +37.6% | $230.6M | 37.8% | $155.4M | 25.5% |
Full FNV Stock Analysis
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Start ComparisonFNV — Frequently Asked Questions
Quick answers to the most common questions about buying FNV stock.
Is FNV's revenue growth accelerating or slowing?
FNV revenue is accelerating at +88.4% year-over-year, exceeding the 5-year CAGR of +11.7%. TTM revenue reached $1.8B. Growth momentum has increased versus prior periods.
What is FNV's long-term revenue growth rate?
Franco-Nevada Corporation's 5-year revenue CAGR of +11.7% reflects the sustained expansion pattern. Current YoY growth of +88.4% is above this long-term average.
How is FNV's revenue distributed by segment?
FNV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.