Franco-Nevada Financial Statements
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Franco-Nevada revenue and earnings
In fiscal 2025, Franco-Nevada generated $1.82 billion in revenue, up 63.7% from fiscal 2024. Net income was $1.11 billion (+101.4% year over year), for a net margin of 61.0% versus a median of 49.6% in the prior 5 years. Gross margin was 73.9% (up from 68.2%) and operating margin 74.3%.
Diluted earnings per share came in at $5.76, up from $2.87. Over the last 5 fiscal years, FNV's revenue has grown at a 12.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Franco-Nevada income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.82B | 1.11B | 1.22B | 1.32B | 1.30B | 1.02B | 844.10M | 653.20M | 675.00M | 610.20M |
| Revenue growth (YoY) | +63.69% | -8.65% | -7.35% | +1.21% | +27.43% | +20.86% | +29.23% | -3.23% | +10.62% | — |
| Cost of Revenue | 475.50M | 354.30M | 452.40M | 463.10M | 477.90M | 399.80M | 408.00M | 365.90M | 415.00M | 379.60M |
| Gross Profit | 1.35B | 759.30M | 766.60M | 852.60M | 822.10M | 620.40M | 436.10M | 287.30M | 260.00M | 230.60M |
| Operating Expenses | -6.90M | 32.70M | 1.19B | 31.90M | -38.60M | 283.90M | 25.90M | 98.50M | 24.60M | 75.20M |
| Operating Income | 1.35B | 726.60M | -428.00M | 820.70M | 860.70M | 336.50M | 410.20M | 188.80M | 235.40M | 155.40M |
| Interest Expense | 3.10M | 2.60M | 2.90M | 3.20M | 3.60M | 3.50M | 10.60M | 4.60M | 3.40M | 3.60M |
| Pretax Income | 1.42B | 763.90M | -364.20M | 833.70M | 857.80M | 339.50M | 405.90M | 189.10M | 236.00M | 167.90M |
| Income Tax | 303.90M | 211.80M | 102.20M | 133.10M | 124.10M | 13.30M | 61.80M | 50.10M | 41.30M | 45.70M |
| Net Income | 1.11B | 552.10M | -466.40M | 700.60M | 733.70M | 326.20M | 344.10M | 139.00M | 194.70M | 122.20M |
| Net Income growth (YoY) | +101.43% | — | -166.57% | -4.51% | +124.92% | -5.20% | +147.55% | -28.61% | +59.33% | — |
| EPS (Basic) | 5.77 | 2.87 | -2.43 | 3.66 | 3.84 | 1.71 | 1.83 | 0.75 | 1.06 | 0.70 |
| EPS (Diluted) | 5.76 | 2.87 | -2.43 | 3.65 | 3.83 | 1.71 | 1.83 | 0.75 | 1.06 | 0.69 |
| Shares Outstanding (Basic) | 192.70M | 192.40M | 192.00M | 191.50M | 191.10M | 190.30M | 187.70M | 186.10M | 182.90M | 175.20M |
| Shares Outstanding (Diluted) | 193.00M | 192.60M | 192.30M | 191.90M | 191.50M | 190.70M | 188.00M | 186.40M | 183.30M | 176.40M |
| EBITDA | 1.66B | 951.90M | -154.90M | 1.11B | 1.16B | 577.50M | 673.40M | 436.50M | 508.40M | 429.20M |
| Gross Margin | 73.91% | 68.18% | 62.89% | 64.80% | 63.24% | 60.81% | 51.66% | 43.98% | 38.52% | 37.79% |
| Operating Margin | 74.29% | 65.25% | -35.11% | 62.38% | 66.21% | 32.98% | 48.60% | 28.90% | 34.87% | 25.47% |
| Net Margin | 61.01% | 49.58% | -38.26% | 53.25% | 56.44% | 31.97% | 40.77% | 21.28% | 28.84% | 20.03% |
This table shows 10 annual periods of Franco-Nevada's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow FNV's reporting calendar. What is a income statement?