Franco-Nevada (FNV) vs Kinross Gold (KGC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Franco-Nevada (FNV) has outperformed Kinross Gold (KGC) over the past year, gaining 12.3% versus a loss of 7.8%. Over five years, KGC leads with a +282.0% price change compared with +70.9% for FNV. Franco-Nevada is the larger company by market cap ($46.39 billion vs $27.69 billion), about 1.7 times the size.
On valuation, Kinross Gold trades at a lower forward P/E (8.4x vs 25.7x for Franco-Nevada). Franco-Nevada offers the higher dividend yield (0.68% vs 0.66%). Franco-Nevada converts more of its revenue into profit, with a net margin of 61.0% versus 33.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FNV | KGC |
|---|---|---|
| Share price | $240.50 | $23.34 |
| Market cap | $46.39B | $27.69B |
| 1-day change | +1.09% | +0.69% |
| YTD return | +16.03% | -17.12% |
| 1-year return | +12.34% | -7.78% |
| 5-year return | +70.88% | +282.00% |
| P/E ratio (TTM) | 31.44 | 8.87 |
| Forward P/E | 25.74 | 8.39 |
| EPS (TTM) | $7.65 | $2.63 |
| Dividend yield | 0.68% | 0.66% |
| Annual dividend | $1.64 | $0.155 |
| Revenue (latest FY) | $1.82B | $7.05B |
| Revenue growth (YoY) | +63.69% | +36.95% |
| Net income (latest FY) | $1.11B | $2.39B |
| Gross margin | 73.91% | 52.70% |
| Operating margin | 74.29% | 46.48% |
| Net margin | 61.01% | 33.90% |
| 52-week high | $285.67 | $39.11 |
| 52-week low | $181.50 | $22.01 |
| Distance from 52-week high | -15.81% | -40.32% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.32% | +45.07% |
| Average volume | 795.74K | 7.95M |
| Shares outstanding | 192.87M | 1.19B |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FNV has outperformed KGC by 20.1 percentage points over the past year.
- Franco-Nevada trades at a higher earnings multiple (31.4x vs 8.9x trailing P/E).
- Franco-Nevada is more profitable, keeping 61.0 cents of every revenue dollar as net income versus 33.9 cents for Kinross Gold.
- Franco-Nevada grew revenue faster in its latest fiscal year (+63.69% vs +36.95%).
About Franco-Nevada
FNV stock →Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. The company operates through Precious Metals, Other Mining and Energy segments.
Basic Materials · Precious Metals
About Kinross Gold
KGC stock →Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.
Basic Materials · Precious Metals
FNV vs KGC FAQ
Which is bigger, Franco-Nevada or Kinross Gold?
Franco-Nevada (FNV) is larger, with a market capitalization of $46.39B compared with $27.69B for Kinross Gold (KGC).
Which stock has performed better over the past year, FNV or KGC?
FNV returned +12.34% over the past 12 months, compared with -7.78% for KGC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FNV or KGC?
KGC has the lower trailing P/E at 8.9, versus 31.4 for FNV. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Franco-Nevada or Kinross Gold?
Franco-Nevada has the higher yield at 0.68%, compared with 0.66% for Kinross Gold.
Are Franco-Nevada and Kinross Gold in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.