FNV (Franco-Nevada Corporation) Stock Financials & Earnings | Market Cap Arena

FNV (Franco-Nevada Corporation) Stock Financials & Earnings | Market Cap Arena

FNVFranco-Nevada Corporation

Mkt Cap$52B

Basic Materials·Gold·🇨🇦 Canada·NYSE

Revenue (TTM)$1.5B

Net Income (TTM)$920M

EPS (TTM)$4.77

Free Cash Flow (TTM)-$856M

Gross Margin72.0%

Op. Margin72.3%

Net Margin59.5%

FCF Margin-55.4%

P/S Ratio (TTM)33.5x

P/E Ratio (TTM)56.3x

YoY Rev Growth+41.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$321M	$201M	$190M
Q1 23	$276M	$177M	$172M
Q2 23	$330M	$208M	$201M
Q3 23	$310M	$193M	$187M
Q4 23	$303M	$189M	-$988M
Q1 24	$257M	$165M	$158M
Q2 24	$260M	$178M	$169M
Q3 24	$276M	$190M	$182M
Q4 24	$321M	$227M	$217M
Q1 25	$368M	$262M	$254M
Q2 25	$369M	$272M	$306M
Q3 25	$488M	$354M	$341M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 22	39.8x	74.8x
Q1 23	42.0x	77.9x
Q2 23	42.6x	79.2x
Q3 23	41.9x	76.0x
Q4 23	42.5x	—
Q1 24	43.2x	—
Q2 24	45.9x	—
Q3 24	47.3x	—
Q4 24	46.5x	93.8x
Q1 25	42.3x	83.9x
Q2 25	38.8x	66.0x
Q3 25	33.5x	56.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$279M	$154M
Q1 23	$210M	$100M
Q2 23	$262M	$100M
Q3 23	$236M	$71M
Q4 23	$284M	$199M
Q1 24	$179M	$31M
Q2 24	$194M	$178M
Q3 24	$214M	-$26M
Q4 24	$243M	$238M
Q1 25	$289M	-$220M
Q2 25	$430M	-$931M
Q3 25	$348M	$56M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$125M
Q1 23	$110M
Q2 23	$162M
Q3 23	$165M
Q4 23	$85M
Q1 24	$147M
Q2 24	$17M
Q3 24	$239M
Q4 24	$5M
Q1 25	$508M
Q2 25	$1.4B
Q3 25	$292M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-1.7%	-3.3%
Q1 23	-19.3%	-19.6%
Q2 23	-5.6%	+8.0%
Q3 23	+7.5%	+12.3%
Q4 23	-5.5%	+883.2%
Q1 24	-7.1%	-5.4%
Q2 24	-21.2%	-29.6%
Q3 24	-10.9%	-23.5%
Q4 24	+5.8%	-92.0%
Q1 25	+43.5%	+16.5%
Q2 25	+42.0%	-30.2%
Q3 25	+76.9%	+56.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$4M	1.1%
Q1 23	$2M	0.5%
Q2 23	$2M	0.5%
Q3 23	$2M	0.5%
Q4 23	$800K	0.3%
Q1 24	$1M	0.5%
Q2 24	$2M	0.6%
Q3 24	$1M	0.5%
Q4 24	$1M	0.4%
Q1 25	$2M	0.6%
Q2 25	$1M	0.3%
Q3 25	$2M	0.3%

OpEx Breakdown

Quarter	G&A	SG&A
Q4 22	—	$12M
Q1 23	$9M	—
Q2 23	$9M	—
Q3 23	$6M	—
Q4 23	$5M	—
Q1 24	$7M	—
Q2 24	$9M	—
Q3 24	$10M	—
Q4 24	$6M	—
Q1 25	$14M	—
Q2 25	$9M	—
Q3 25	$16M	—

Revenue Segments

Quarter

Revenue by Geography

Quarter	Canada	Central America & Mexico	Rest of World	South America	United States
Q2 23	$43M	$86M	$37M	$106M	$58M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$1.2B	$0	$1.2B
Q1 23	$1.2B	$0	$1.2B
Q2 23	$1.3B	$0	$1.3B
Q3 23	$1.3B	$0	$1.3B
Q4 23	$1.4B	$0	$1.4B
Q1 24	$1.4B	$0	$1.4B
Q2 24	$1.4B	$0	$1.4B
Q3 24	$1.3B	$0	$1.3B
Q4 24	$1.5B	$0	$1.5B
Q1 25	$1.1B	$0	$1.1B
Q2 25	$160M	$0	$160M
Q3 25	$206M	$30M	$236M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	192M	+0.5%
Q1 23	192M	+0.2%
Q2 23	192M	+0.0%
Q3 23	192M	+0.1%
Q4 23	192M	-0.1%
Q1 24	192M	+0.1%
Q2 24	193M	+0.1%
Q3 24	193M	+0.0%
Q4 24	193M	+0.0%
Q1 25	193M	+0.2%
Q2 25	193M	+0.1%
Q3 25	193M	+0.0%