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Agnico Eagle Mines vs FRANCO NEVADA: revenue, profit, margins and growth compared

Agnico Eagle Mines brought in $11.9B of revenue in fiscal 2025, FRANCO NEVADA $1.8B in fiscal 2025. Revenue changed by +43.7% at Agnico Eagle Mines and +63.7% at FRANCO NEVADA on the year before, so FRANCO NEVADA grew faster. Agnico Eagle Mines kept 37.5% of its revenue as net profit, FRANCO NEVADA 61.0%. Free cash flow was $4.4B at Agnico Eagle Mines and $1.5B at FRANCO NEVADA.

Side by side, latest fiscal year

AEMFNV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11.9B$1.8B
Revenue growth+43.7%+63.7%
Net income$4.5B$1.1B
Net margin37.5%61.0%
Free cash flow$4.4B$1.5B
Free cash flow margin36.9%81.8%
Earnings per share (diluted)$8.86$5.76
Cash$2.9B$670.9M
Debtn/an/a
Price to earningsn/an/a
Market value$98.7B$49.7B
Dividend yieldn/an/a
Rank by revenue in sector#8 of 71 · Basic materials#28 of 71 · Basic materials

Over the years

Revenue
AEM FY2018: $2.2BAEM FY2019: $2.5BAEM FY2020: $3.1BAEM FY2021: $3.9BAEM FY2022: $5.7BAEM FY2023: $6.6BAEM FY2024: $8.3BAEM FY2025: $11.9BFNV FY2018: $653.2MFNV FY2019: $844.1MFNV FY2020: $1BFNV FY2021: $1.3BFNV FY2022: $1.3BFNV FY2023: $1.2BFNV FY2024: $1.1BFNV FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $11.9BFNV $1.8B
Net income
AEM FY2018: -$326.7MAEM FY2019: $473.2MAEM FY2020: $511.6MAEM FY2021: $561.9MAEM FY2022: $670.2MAEM FY2023: $1.9BAEM FY2024: $1.9BAEM FY2025: $4.5BFNV FY2018: $139MFNV FY2019: $344.1MFNV FY2020: $326.2MFNV FY2021: $733.7MFNV FY2022: $700.6MFNV FY2023: -$466.4MFNV FY2024: $552.1MFNV FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $4.5BFNV $1.1B
Net margin
AEM FY2018: -14.9%AEM FY2019: 19.0%AEM FY2020: 16.3%AEM FY2021: 14.5%AEM FY2022: 11.7%AEM FY2023: 29.3%AEM FY2024: 22.9%AEM FY2025: 37.5%FNV FY2018: 21.3%FNV FY2019: 40.8%FNV FY2020: 32.0%FNV FY2021: 56.4%FNV FY2022: 53.2%FNV FY2023: -38.3%FNV FY2024: 49.6%FNV FY2025: 61.0%FY18FY19FY20FY21FY22FY23FY24FY25
AEM 37.5%FNV 61.0%
Revenue growth
AEM FY2019: +13.9%AEM FY2020: +25.7%AEM FY2021: +23.3%AEM FY2022: +48.4%AEM FY2023: +15.4%AEM FY2024: +25.0%AEM FY2025: +43.7%FNV FY2019: +29.2%FNV FY2020: +20.9%FNV FY2021: +27.4%FNV FY2022: +1.2%FNV FY2023: -7.3%FNV FY2024: -8.6%FNV FY2025: +63.7%FY19FY20FY21FY22FY23FY24FY25
AEM +43.7%FNV +63.7%
Free cash flow
AEM FY2018: -$483.5MAEM FY2019: -$972KAEM FY2020: $432.7MAEM FY2021: $448.3MAEM FY2022: $558.4MAEM FY2023: $947.4MAEM FY2024: $2.1BAEM FY2025: $4.4BFNV FY2024: $829.3MFNV FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $4.4BFNV $1.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Agnico Eagle Mines and FRANCO NEVADA

Which is bigger by revenue, Agnico Eagle Mines or FRANCO NEVADA?

Agnico Eagle Mines is bigger by revenue: $11.9B in fiscal 2025, against $1.8B for FRANCO NEVADA in fiscal 2025.

Which keeps more of its revenue as profit, Agnico Eagle Mines or FRANCO NEVADA?

Agnico Eagle Mines had a net margin of 37.5% in fiscal 2025; FRANCO NEVADA had 61.0% in fiscal 2025.

Which grew revenue faster, Agnico Eagle Mines or FRANCO NEVADA?

In their latest fiscal years revenue changed by +43.7% at Agnico Eagle Mines and +63.7% at FRANCO NEVADA.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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