TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 368.4M
Gross Profit 261.5M 70.98%
Operating Income 247.1M 67.07%
Net Income 209.8M 56.95%
EPS (Diluted) $1.09

Balance Sheet Metrics

Total Assets 6.7B
Total Liabilities 360.9M
Shareholders Equity 6.3B
Debt to Equity 0.06

Cash Flow Metrics

Operating Cash Flow 294.9M
Free Cash Flow -219.5M

Revenue & Profitability Trend

Franco-Nevada Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i1.1B1.2B1.3B1.3B1.0B
Cost of Goods Sold i354.3M452.4M463.1M477.9M399.8M
Gross Profit i759.3M766.6M852.6M822.1M620.4M
Gross Margin % i68.2%62.9%64.8%63.2%60.8%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i34.6M28.9M32.6M30.8M28.8M
Other Operating Expenses i-----
Total Operating Expenses i34.6M28.9M32.6M30.8M28.8M
Operating Income i724.7M737.7M820.0M791.3M591.6M
Operating Margin % i65.1%60.5%62.3%60.9%58.0%
Non-Operating Items
Interest Income i60.6M52.3M12.6M3.7M3.7M
Interest Expense i100.0K100.0K100.0K300.0K400.0K
Other Non-Operating Income-18.8M-1.2B4.3M66.4M-252.3M
Pre-tax Income i763.9M-364.2M833.7M857.8M339.5M
Income Tax i211.8M102.2M133.1M124.1M13.3M
Effective Tax Rate % i27.7%0.0%16.0%14.5%3.9%
Net Income i552.1M-466.4M700.6M733.7M326.2M
Net Margin % i49.6%-38.3%53.2%56.4%32.0%
Key Metrics
EBITDA i1.0B1.1B1.1B1.1B833.2M
EPS (Basic) i$2.87$-2.43$3.66$3.86$1.72
EPS (Diluted) i$2.87$-2.43$3.65$3.85$1.72
Basic Shares Outstanding i192400000192000000191500000190149234189353214
Diluted Shares Outstanding i192400000192000000191500000190149234189353214

Income Statement Trend

Franco-Nevada Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i1.5B1.4B1.2B539.3M534.2M
Short-term Investments i-----
Accounts Receivable i151.8M111.0M135.7M119.8M93.4M
Inventory i96.8M500.0K100.0K500.0K500.0K
Other Current Assets400.0K51.9M28.7M33.3M19.2M
Total Current Assets i1.7B1.6B1.4B751.4M663.7M
Non-Current Assets
Property, Plant & Equipment i4.5M600.0K900.0K1.5M2.0M
Goodwill i-----
Intangible Assets i-----
Long-term Investments700.0K8.1M2.6M800.0K5.7M
Other Non-Current Assets32.2M38.1M41.4M50.6M46.4M
Total Non-Current Assets i4.6B4.4B5.2B5.5B4.9B
Total Assets i6.3B6.0B6.6B6.2B5.6B
Liabilities
Current Liabilities
Accounts Payable i5.1M5.5M7.0M8.5M3.5M
Short-term Debt i-----
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i67.5M39.2M50.2M43.2M53.2M
Non-Current Liabilities
Long-term Debt i-----
Deferred Tax Liabilities i238.0M180.1M153.0M135.4M91.5M
Other Non-Current Liabilities8.5M5.7M6.0M6.1M4.4M
Total Non-Current Liabilities i266.3M185.8M159.0M141.5M95.9M
Total Liabilities i333.8M225.0M209.2M184.7M149.1M
Equity
Common Stock i5.8B5.7B5.7B5.6B5.6B
Retained Earnings i486.5M212.3M940.4M484.9M-34.4M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i6.0B5.8B6.4B6.0B5.4B
Key Metrics
Total Debt i00000
Working Capital i1.6B1.6B1.3B708.2M610.5M

Balance Sheet Composition

Franco-Nevada Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i552.1M-466.4M700.6M733.7M326.2M
Depreciation & Amortization i225.3M273.1M286.2M299.6M241.0M
Stock-Based Compensation i5.4M5.5M8.2M8.0M5.6M
Working Capital Changes i21.4M14.1M-7.7M-27.9M-400.0K
Operating Cash Flow i816.9M-156.3M999.8M1.0B540.0M
Investing Activities
Capital Expenditures i-396.8M-514.6M-141.5M-760.5M-312.6M
Acquisitions i-----
Investment Purchases i-74.5M-9.8M-48.5M-17.2M0
Investment Sales i23.3M2.0M1.8M12.7M3.6M
Investing Cash Flow i-537.3M-541.1M-145.5M-765.0M-309.0M
Financing Activities
Share Repurchases i-----
Dividends Paid i-242.4M-233.0M-197.6M-179.6M-154.9M
Debt Issuance i---150.0M0
Debt Repayment i--0-150.0M-80.0M
Financing Cash Flow i-243.2M-233.0M-198.5M-180.6M-99.2M
Free Cash Flow i421.5M469.6M858.0M194.9M491.3M
Net Change in Cash i36.4M-930.4M655.8M78.7M131.8M

Cash Flow Trend

Franco-Nevada Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 43.26
Forward P/E 43.36
Price to Book 5.14
Price to Sales 25.68
PEG Ratio 0.20

Profitability Ratios

Profit Margin 59.42%
Operating Margin 83.90%
Return on Equity 12.61%
Return on Assets 9.08%

Financial Health

Current Ratio 4.25
Debt to Equity 0.00
Beta 0.44

Per Share Data

EPS (TTM) $4.07
Book Value per Share $34.26
Revenue per Share $6.86

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
fnv33.9B43.265.1412.61%59.42%0.00
Newmont 74.0B12.212.3120.29%30.50%23.56
Agnico Eagle Mines 67.0B22.682.9713.92%30.63%3.26
Wheaton Precious 42.8B54.225.5410.60%47.46%0.11
Barnes 40.9B15.081.6512.15%19.99%14.15
Barrick Gold 32.4B14.291.3310.28%17.46%14.08

Financial data is updated regularly. All figures are in the company's reporting currency.