FRANCO NEVADA Corp (FNV)
FRANCO NEVADA Corp reported revenue of $1.8B in fiscal 2025, up 63.7% from a year earlier. Net income was $1.1B, a net margin of 61.0%. Operating cash flow minus capital spending left $1.5B of free cash flow in fiscal 2025. At December 31, 2025 it held $670.9M in cash. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 19, 2026.
Key facts about FRANCO NEVADA Corp
- Net worth
- FRANCO NEVADA Corp has a market value (market cap) of $49.4B at the latest share price, and shareholders' equity of $7.6B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.8B (+63.7% year on year), with net income of $1.1B.
- Cash flow
- In fiscal 2025 operations brought in $1.5B of cash; after $2.4M of capital spending, free cash flow was $1.5B.
- Latest report
- The latest periodic report (annual report (Canadian issuer), 40-F) was filed with the SEC on March 19, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What FRANCO NEVADA Corp does
Franco-Nevada is a royalty and streaming company focused on gold and other precious metals. It provides upfront capital to mining operators in exchange for rights to purchase a percentage of future metal production or receive ongoing royalty payments from active mines. Its shares trade on NYSE under the ticker FNV.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.8B | $1.1B | $5.76 | $1.5B |
| 2024 | $1.1B | $552.1M | $2.87 | $829.3M |
| 2023 | $1.2B | -$466.4M | -$2.43 | n/a |
| 2022 | $1.3B | $700.6M | $3.65 | n/a |
| 2021 | $1.3B | $733.7M | $3.83 | n/a |
| 2020 | $1B | $326.2M | $1.71 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FNV ranks in Basic materials
Dividends
It paid out $275.1M in cash dividends, 25% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $275.1M | 25% |
| 2024 | n/a | $242.4M | 44% |
| 2023 | n/a | $233M | n/a |
| 2022 | n/a | $197.6M | 28% |
| 2021 | n/a | $179.6M | 24% |
| 2020 | n/a | $154.9M | 47% |
Latest SEC filings
What FRANCO NEVADA Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 27, 2026Passive stake changed SCHEDULE 13G/A
- October 13, 2026
- September 30, 2026
- September 28, 2026
- September 14, 2026
- August 12, 2026
- July 20, 2026
- July 10, 2026Form F-X filing F-X
- July 10, 2026Form F-10 filing F-10
- July 10, 2026
Insider trades
What the people running FRANCO NEVADA Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns FNV
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Fmr LLC13G, passive with 1 related filers | 11.2% | May 6, 2026 |
| BlackRock, Inc.13G, passive | 6.2% | October 27, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 659 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Fmr LLC | 21,649,301 | +52,204 |
| Massachusetts Financial Services Co | 11,045,957 | -47,191 |
| First Eagle Investment Management, LLC | 10,546,634 | +5,272,097 |
| Van Eck Associates Corp | 7,017,409 | -533,687 |
| FIL Ltd | 6,814,044 | +918,766 |
| Vanguard Capital Management LLC | 5,619,690 | +70,503 |
| Bank of Montreal | 5,361,688 | +253,491 |
| Royal Bank of Canada | 4,359,454 | +1,360,487 |
| Capital World Investors | 4,328,732 | -641,070 |
| EdgePoint Investment Group Inc. | 3,159,182 | -302,042 |
| Norges Bank | 2,788,613 | new |
| 1832 Asset Management L.P. | 2,569,467 | -40,358 |
| Mackenzie Financial Corp | 1,595,402 | -849,372 |
| Geode Capital Management, LLC | 2,165,139 | +230,289 |
| Renaissance Technologies LLC | 2,036,918 | -182,000 |
| Deutsche Bank AG\ | 1,786,773 | +54,043 |
| Vanguard Fiduciary Trust Co | 1,700,117 | +16,092 |
| Capital Research Global Investors | 1,596,170 | -25,062 |
| TD Asset Management Inc | 1,581,785 | -355,607 |
| National Bank of Canada | 1,482,000 | +128,893 |
Insiders
Questions about FNV
What does FRANCO NEVADA Corp do?
Franco-Nevada is a royalty and streaming company focused on gold and other precious metals. It provides upfront capital to mining operators in exchange for rights to purchase a percentage of future metal production or receive ongoing royalty payments from active mines. Its shares trade on NYSE under the ticker FNV.
What is FRANCO NEVADA Corp's net worth?
FRANCO NEVADA Corp has a market value (market cap) of $49.4B at the latest share price, and shareholders' equity of $7.6B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is FRANCO NEVADA Corp profitable?
Yes. In fiscal 2025 it reported net income of $1.1B on revenue of $1.8B, a net margin of 61.0%.
How much revenue does FRANCO NEVADA Corp make?
In fiscal 2025 FRANCO NEVADA Corp reported revenue of $1.8B. That is 63.7% more than a year earlier.
When did FRANCO NEVADA Corp last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 19, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the passive stake changed from October 27, 2026.
Similar companies
Compare FNV with
Follow FNV
Get an email when FRANCO NEVADA Corp files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values FRANCO NEVADA Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.