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Coeur Mining vs FRANCO NEVADA: revenue, profit, margins and growth compared

Coeur Mining brought in $2.1B of revenue in fiscal 2025, FRANCO NEVADA $1.8B in fiscal 2025. Revenue changed by +96.4% at Coeur Mining and +63.7% at FRANCO NEVADA on the year before, so Coeur Mining grew faster. Coeur Mining kept 28.3% of its revenue as net profit, FRANCO NEVADA 61.0%. Free cash flow was $665.7M at Coeur Mining and $1.5B at FRANCO NEVADA.

Side by side, latest fiscal year

CDEFNV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.1B$1.8B
Revenue growth+96.4%+63.7%
Net income$585.9M$1.1B
Net margin28.3%61.0%
Free cash flow$665.7M$1.5B
Free cash flow margin32.2%81.8%
Earnings per share (diluted)$0.95$5.76
Cash$553.6M$670.9M
Debtn/an/a
Price to earnings20.2n/a
Market value$19.8B$49.7B
Dividend yieldn/an/a
Rank by revenue in sector#24 of 71 · Basic materials#28 of 71 · Basic materials

Over the years

Revenue
CDE FY2018: $625.9MCDE FY2019: $711.5MCDE FY2020: $785.5MCDE FY2021: $832.8MCDE FY2022: $785.6MCDE FY2023: $821.2MCDE FY2024: $1.1BCDE FY2025: $2.1BFNV FY2018: $653.2MFNV FY2019: $844.1MFNV FY2020: $1BFNV FY2021: $1.3BFNV FY2022: $1.3BFNV FY2023: $1.2BFNV FY2024: $1.1BFNV FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
CDE $2.1BFNV $1.8B
Net income
CDE FY2018: -$48.4MCDE FY2019: -$341.2MCDE FY2020: $25.6MCDE FY2021: -$31.3MCDE FY2022: -$78.1MCDE FY2023: -$103.6MCDE FY2024: $58.9MCDE FY2025: $585.9MFNV FY2018: $139MFNV FY2019: $344.1MFNV FY2020: $326.2MFNV FY2021: $733.7MFNV FY2022: $700.6MFNV FY2023: -$466.4MFNV FY2024: $552.1MFNV FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
CDE $585.9MFNV $1.1B
Net margin
CDE FY2018: -7.7%CDE FY2019: -48.0%CDE FY2020: 3.3%CDE FY2021: -3.8%CDE FY2022: -9.9%CDE FY2023: -12.6%CDE FY2024: 5.6%CDE FY2025: 28.3%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
CDE 28.3%FNV 61.0%
Revenue growth
CDE FY2019: +13.7%CDE FY2020: +10.4%CDE FY2021: +6.0%CDE FY2022: -5.7%CDE FY2023: +4.5%CDE FY2024: +28.3%CDE FY2025: +96.4%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
CDE +96.4%FNV +63.7%
Free cash flow
CDE FY2018: -$123.4MCDE FY2019: -$7.9MCDE FY2020: $49.4MCDE FY2021: -$199.3MCDE FY2022: -$326.7MCDE FY2023: -$297.3MCDE FY2024: -$9MCDE FY2025: $665.7MFNV FY2024: $829.3MFNV FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
CDE $665.7MFNV $1.5B

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

Questions about Coeur Mining and FRANCO NEVADA

Which is bigger by revenue, Coeur Mining or FRANCO NEVADA?

Coeur Mining is bigger by revenue: $2.1B in fiscal 2025, against $1.8B for FRANCO NEVADA in fiscal 2025.

Which keeps more of its revenue as profit, Coeur Mining or FRANCO NEVADA?

Coeur Mining had a net margin of 28.3% in fiscal 2025; FRANCO NEVADA had 61.0% in fiscal 2025.

Which grew revenue faster, Coeur Mining or FRANCO NEVADA?

In their latest fiscal years revenue changed by +96.4% at Coeur Mining 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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