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FRANCO NEVADA vs Iamgold: revenue, profit, margins and growth compared

FRANCO NEVADA brought in $1.8B of revenue in fiscal 2025, Iamgold $2.9B in fiscal 2025. Revenue changed by +63.7% at FRANCO NEVADA and +74.7% at Iamgold on the year before, so Iamgold grew faster. FRANCO NEVADA kept 61.0% of its revenue as net profit, Iamgold 25.7%. Free cash flow was $1.5B at FRANCO NEVADA and $849.1M at Iamgold.

Side by side, latest fiscal year

FNVIAG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.8B$2.9B
Revenue growth+63.7%+74.7%
Net income$1.1B$732.3M
Net margin61.0%25.7%
Free cash flow$1.5B$849.1M
Free cash flow margin81.8%29.8%
Earnings per share (diluted)$5.76$1.14
Cash$670.9M$421.9M
Debtn/an/a
Price to earningsn/an/a
Market value$49.7B$11.2B
Dividend yieldn/an/a
Rank by revenue in sector#28 of 71 · Basic materials#18 of 71 · Basic materials

Over the years

Revenue
FNV FY2018: $653.2MFNV FY2019: $844.1MFNV FY2020: $1BFNV FY2021: $1.3BFNV FY2022: $1.3BFNV FY2023: $1.2BFNV FY2024: $1.1BFNV FY2025: $1.8BIAG FY2018: $1.1BIAG FY2019: $1.1BIAG FY2020: $1.2BIAG FY2021: $875.5MIAG FY2022: $958.8MIAG FY2023: $987.1MIAG FY2024: $1.6BIAG FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
FNV $1.8BIAG $2.9B
Net income
FNV FY2018: $139MFNV FY2019: $344.1MFNV FY2020: $326.2MFNV FY2021: $733.7MFNV FY2022: $700.6MFNV FY2023: -$466.4MFNV FY2024: $552.1MFNV FY2025: $1.1BIAG FY2018: -$28.2MIAG FY2019: -$412.6MIAG FY2020: $42.6MIAG FY2021: -$254.4MIAG FY2022: -$70.1MIAG FY2023: $94.3MIAG FY2024: $819.6MIAG FY2025: $732.3MFY18FY19FY20FY21FY22FY23FY24FY25
FNV $1.1BIAG $732.3M
Net margin
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%IAG FY2018: -2.5%IAG FY2019: -38.7%IAG FY2020: 3.4%IAG FY2021: -29.1%IAG FY2022: -7.3%IAG FY2023: 9.6%IAG FY2024: 50.2%IAG FY2025: 25.7%FY18FY19FY20FY21FY22FY23FY24FY25
FNV 61.0%IAG 25.7%
Revenue growth
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%IAG FY2019: -4.1%IAG FY2020: +16.6%IAG FY2021: -29.5%IAG FY2022: +9.5%IAG FY2023: +3.0%IAG FY2024: +65.4%IAG FY2025: +74.7%FY19FY20FY21FY22FY23FY24FY25
FNV +63.7%IAG +74.7%
Free cash flow
FNV FY2024: $829.3MFNV FY2025: $1.5BIAG FY2018: -$66.1MIAG FY2019: $114.9MIAG FY2020: $55.5MIAG FY2021: -$240.2MIAG FY2022: -$334MIAG FY2023: -$747.9MIAG FY2024: -$72.6MIAG FY2025: $849.1MFY18FY19FY20FY21FY22FY23FY24FY25
FNV $1.5BIAG $849.1M

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

Questions about FRANCO NEVADA and Iamgold

Which is bigger by revenue, FRANCO NEVADA or Iamgold?

Iamgold is bigger by revenue: $2.9B in fiscal 2025, against $1.8B for FRANCO NEVADA in fiscal 2025.

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

FRANCO NEVADA had a net margin of 61.0% in fiscal 2025; Iamgold had 25.7% in fiscal 2025.

Which grew revenue faster, FRANCO NEVADA or Iamgold?

In their latest fiscal years revenue changed by +63.7% at FRANCO NEVADA and +74.7% at Iamgold.

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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