Franco-Nevada Corporation
NYSE: FNV · BASIC MATERIALS · GOLD
Updated 2026-06-05
Franco-Nevada Corporation (FNV) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2007 | $3.28M | $-33.08M | 94.67% | -937.64% | -1,008.20% |
| 2008 | $151.04M | $40.35M | 94.61% | 20.95% | 26.71% |
| 2009 | $199.73M | $80.88M | 96.68% | 43.63% | 40.49% |
| 2010 | $227.20M | $62.70M | 87.02% | 37.76% | 27.60% |
| 2011 | $411.20M | $-6.80M | 52.85% | 6.81% | -1.65% |
| 2012 | $427.00M | $102.60M | 56.46% | 32.41% | 24.03% |
| 2013 | $400.90M | $11.70M | 52.73% | 12.37% | 2.92% |
| 2014 | $442.40M | $106.70M | 46.65% | 35.42% | 24.12% |
| 2015 | $443.60M | $24.60M | 30.25% | 11.56% | 5.55% |
| 2016 | $610.20M | $122.20M | 37.79% | 25.47% | 20.03% |
| 2017 | $675.00M | $194.70M | 38.52% | 34.87% | 28.84% |
| 2018 | $653.20M | $139.00M | 43.98% | 28.90% | 21.28% |
| 2019 | $844.10M | $344.10M | 51.66% | 48.60% | 40.77% |
| 2020 | $1.02B | $326.20M | 60.81% | 32.98% | 31.97% |
| 2021 | $1.30B | $733.70M | 63.24% | 60.87% | 56.44% |
| 2022 | $1.32B | $700.60M | 64.80% | 62.32% | 53.25% |
| 2023 | $1.22B | $-466.40M | 62.89% | 60.60% | -38.26% |
| 2024 | $1.11B | $552.10M | 68.18% | 65.08% | 49.58% |
| 2025 | $1.82B | $1.11B | 73.91% | 71.37% | 61.01% |
Frequently asked questions
What is Franco-Nevada Corporation's revenue?
Franco-Nevada Corporation's trailing twelve-month revenue is $2.09B, and consensus projects about $6.25B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is FNV?
In its most recent fiscal year, FNV ran a gross margin of 73.91%, an operating margin of 71.37%, and a net margin of 61.01%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does FNV generate?
FNV produced $1.49B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is FNV's balance sheet healthy?
FNV holds $433.11M in cash and equivalents against — in long-term debt, on $7.62B of shareholder equity. That debt is best read against the cash flow the business throws off each year.