TFPM vs APO vs FNV Stock Comparison

Triple Flag Precious Metals, Apollo Global Management and Franco Nevada Prices as of Oct 27, 2026 Peers: Industry group
FNV FRANCO NEVADA Corp
$236.42 -8.2% 1M +28.5% 1Y
Market cap
$45.80B
P/E
31.5x
Revenue (TTM)
$2.32B
Div. yield
0.01%
Alternative Asset Managers Financial Services
5 wins

Head to Head

11 decided of 12

Apollo Global Management leads on 5 of the 12 questions below (Apollo Global Management 5, Franco Nevada 5, Triple Flag Precious Metals 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTFPMAPOFNVLeader
Larger companyMarket capitalisation $6.04B $67.26B $45.80B APO
Cheaper on earningsLower P/E, profitable companies only 22.1x 37.8x 31.5x TFPM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.6x 12.7x 30.2x APO
Faster revenue growthRevenue growth, trailing twelve months +50.7% +41.2% +73.6% FNV
More profitableNet margin, trailing twelve months 55.9% 5.0% 62.8% FNV
Better return on capitalReturn on invested capital — 5.8% — –
Less leveragedLower net debt / EBITDA 0.4x -1.8x — APO
Higher dividend yieldTrailing dividend yield 0.01% 0.02% 0.01% APO
Better 1-year returnPrice return, last 12 months +6.8% -9.6% +28.5% FNV
Better 5-year returnAnnualised price return, 5 years — +7.9%/yr +10.3%/yr FNV
Less volatileAnnualised volatility, 1 year 44.1% 36.0% 38.9% APO
Higher overall scoreMean of the five percentile scores vs peers 73/100 74/100 80/100 FNV

Percentile Scorecard

TFPMAPOFNV

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTFPMAPOFNV
Valuation 52 #87 of 181 87 #24 of 181 56 #81 of 181
Growth 89 #13 of 111 70 #34 of 111 91 #11 of 111
Profitability 90 #14 of 129 62 #50 of 129 98 #3 of 129
Financial Health 90 #17 of 164 79 #36 of 164 98 #5 of 164
Shareholder Returns 46 #41 of 75 73 #21 of 75 57 #33 of 75
Overall 73 74 80
  • TFPM ranked among 209 companies in Asset and Wealth Management
  • APO ranked among 209 companies in Asset and Wealth Management
  • FNV ranked among 209 companies in Asset and Wealth Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTFPMAPOFNVSPY
1 month -7.8%-6.1%-8.2% -0.2%
3 months +3.9%-8.4%+12.3% +3.9%
6 months -8.0%-7.5%+1.7% +8.2%
Year to date -10.7%-21.1%+14.1% +12.9%
1 year +6.8%-9.6%+28.5% +12.3%
3 years +128.5%+42.2%+72.0% +87.4%
3 years, per year +31.7%+12.5%+19.8% +23.3%
5 years —+45.9%+62.9% +67.9%
5 years, per year —+7.9%+10.3% +10.9%
10 years —+526.1%+272.2% +261.1%
10 years, per year —+20.1%+14.0% +13.7%

Risk

MeasureTFPMAPOFNVSPY
Volatility, 1Y 44.1%36.0%38.9% 12.7%
Downside volatility, 1Y 48.3%37.4%42.2% 12.7%
Beta vs S&P 500, 1Y 1.591.141.26 1.00
Return / volatility, 1Y 0.16-0.270.73 0.97
Max drawdown, 5Y -35.1%-43.8%-38.2% -25.4%
From 52-week high -28.3%-25.2%-15.8% -1.2%
52-week high $41.36$152.70$280.82 $779.14
52-week low $26.85$100.30$183.97 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTFPMAPOFNV
P/E now vs peer median 22.1xmedian 34.2x 38.0xmedian 34.2x 31.3xmedian 34.2x
P/S now vs peer median 12.5xmedian 4.9x 1.8xmedian 4.9x 19.7xmedian 4.9x
EV/EBITDA now vs peer median 16.6xmedian 11.7x 7.4xmedian 11.7x 20.7xmedian 11.7x
P/FCF now vs peer median -20.3xmedian 13.2x 6.9xmedian 13.2x 25.8xmedian 13.2x
P/B now vs peer median 2.7xmedian 1.8x 1.6xmedian 1.8x 5.5xmedian 1.8x
PEG now vs peer median 0.43median 0.91 1,869median 0.91 1.05median 0.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTFPMAPOFNV
Revenue $488.58M $35.90B $2.32B
Gross profit $344.78M $31.30B $1.79B
Operating income $304.60M $5.48B $1.82B
Net income $411.98M $3.80B $1.48B
Free cash flow -$302.33M $9.47B $1.77B
R&D $4.88M – –
EPS (diluted) $1.34 $2.91 $7.54
Cash & equivalents $15.20M $26.82B $1.01B
Total debt $248.00M $13.73B –
Shares (diluted) 204.07M 610.22M 193.00M
Enterprise value $5.62B -$15.53B $43.16B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTFPMAPOFNV
P/E 22.1x 38.0x 31.3x
P/FCF -20.3x 6.9x 25.8x
P/Operating cash flow 15.5x 6.9x 25.6x
P/S 12.5x 1.8x 19.7x
P/B 2.7x 1.6x 5.5x
P/Tangible book 2.7x 1.6x 5.5x
EV/EBITDA 16.6x 7.4x 20.7x
EV/EBIT 20.6x 9.6x 24.5x
EV/Revenue 12.9x 1.5x 19.2x
EV/FCF -20.8x 5.6x 25.2x
EV/Operating cash flow 15.9x 5.6x 25.1x
PEG (3Y EPS CAGR) 0.43 1,869 1.05

Growth

14 metrics
MetricTFPMAPOFNV
Revenue growth (1Y) 50.7% 41.2% 73.6%
Revenue CAGR (3Y) – 10.2% 23.5%
Gross profit growth (1Y) 76.5% 36.5% 88.6%
Gross profit CAGR (3Y) – – 32.0%
Operating income growth (1Y) 78.1% 38.0% 89.7%
Operating income CAGR (3Y) 63.0% – 34.4%
Net income growth (1Y) 139.3% -27.0% 88.3%
Net income CAGR (3Y) 89.2% 15.9% 30.6%
EPS growth (1Y) 840.2% -47.4% 87.7%
EPS CAGR (3Y) 51.5% 0.0% 29.9%
Operating cash flow growth (1Y) 48.0% 129.7% 53.7%
Operating cash flow CAGR (3Y) 43.8% 4.0% 20.0%
Free cash flow growth (1Y) -213.8% 129.7% 83.9%
Free cash flow CAGR (3Y) -52.7% 4.0% 19.8%

Profitability

14 metrics
MetricTFPMAPOFNV
Gross margin 70.6% 87.2% 77.3%
EBITDA margin 77.7% 19.7% 93.0%
Operating margin 62.3% 15.3% 78.5%
Pretax margin 91.5% 20.7% 85.0%
Net margin 55.9% 5.0% 62.8%
FCF margin -61.9% 26.4% 76.4%
Operating cash flow margin 80.9% 26.4% 76.7%
Return on equity 18.6% 10.6% 18.1%
Return on assets 17.2% 0.9% 16.7%
Return on invested capital – 5.8% –
Return on capital employed 12.9% – 20.9%
Asset turnover 0.2x 0.1x 0.3x
Cash conversion (OCF / net income) 1.0x 2.5x 1.2x
Stock comp / revenue 1.5% 2.7% 0.2%

Financial Health

11 metrics
MetricTFPMAPOFNV
Debt / assets 9.1% 2.8% –
Debt / equity 0.1x 0.3x –
Net debt / EBITDA 0.4x -1.8x –
Debt / FCF -0.8x 1.4x –
Liabilities / assets 11.3% 91.6% 7.6%
Equity / assets 88.7% 8.4% 92.4%
Interest coverage 83.2x 18.2x 1,070x
Current ratio 3.7x – 9.4x
Quick ratio 3.0x – 8.5x
Cash ratio 2.2x – 6.9x
Altman Z-score 13.52 – 41.55

Shareholder Returns

7 metrics
MetricTFPMAPOFNV
Dividend yield 0.8% 1.9% 0.7%
Net buyback yield 0.3% 2.0% 0.0%
Shareholder yield 1.1% 3.9% 0.7%
Payout ratio (earnings) 10.6% 33.4% 18.0%
Payout ratio (FCF) -14.4% 13.4% 15.1%
Dividend growth (1Y) 11.3% 11.7% 12.4%
Dividend CAGR (3Y) – 8.3% 11.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTFPMAPOFNV
Forward P/E 21.6xFY2026 12.7xFY2026 30.2xFY2026
EPS, next fiscal year $1.37FY2026 $9.02FY2026 $7.83FY2026
EPS growth, next FY +35.6%FY2026 +7.6%FY2026 +40.3%FY2026
EPS growth, the year after -0.7% +23.9% +8.8%
Revenue, next fiscal year $490.34MFY2026 $24.45BFY2026 $2.66BFY2026
Revenue growth, next FY +26.1%FY2026 -23.7%FY2026 +46.4%FY2026
Revenue growth, the year after +12.6% +4.4% +1.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTFPMAPOFNV
Held by institutions 86.4% 64.5% 71.6%
Institutions holding 224 1,166 661
Change in shares held, QoQ +0.3% -1.0% +0.4%
Institutions buying 129 642 335
Institutions selling 53 371 207
Buyers to sellers 2.43 1.73 1.62

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TFPMAPOFNV
TFPM 1.00 0.04 0.87
APO 0.04 1.00 0.06
FNV 0.87 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TFPM, APO and FNV?

Apollo Global Management (APO) is the largest by market capitalisation: Triple Flag Precious Metals (TFPM) $6.04B, Apollo Global Management (APO) $67.26B, Franco Nevada (FNV) $45.80B.

Which stock is cheaper, TFPM, APO and FNV?

Triple Flag Precious Metals (TFPM) trades on the lowest price-to-earnings ratio (Triple Flag Precious Metals (TFPM) 22.1x, Apollo Global Management (APO) 37.8x, Franco Nevada (FNV) 31.5x). On next year's consensus earnings, Apollo Global Management (APO) is cheapest (Triple Flag Precious Metals (TFPM) 21.6x, Apollo Global Management (APO) 12.7x, Franco Nevada (FNV) 30.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Franco Nevada (FNV) grew revenue fastest over the trailing twelve months: Triple Flag Precious Metals (TFPM) +50.7%, Apollo Global Management (APO) +41.2%, Franco Nevada (FNV) +73.6%.

Which company is more profitable?

Franco Nevada (FNV) has the highest net margin (Triple Flag Precious Metals (TFPM) 55.9%, Apollo Global Management (APO) 5.0%, Franco Nevada (FNV) 62.8%).

Which stock has performed better?

Over the past year Franco Nevada (FNV) returned the most: Triple Flag Precious Metals (TFPM) +6.8%, Apollo Global Management (APO) -9.6%, Franco Nevada (FNV) +28.5%. Over five years, Franco Nevada (FNV) compounded fastest (Apollo Global Management (APO) +7.9%/yr, Franco Nevada (FNV) +10.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Apollo Global Management (APO) has the highest dividend yield: Triple Flag Precious Metals (TFPM) 0.01%, Apollo Global Management (APO) 0.02%, Franco Nevada (FNV) 0.01%.

Which stock is riskier?

By one-year price volatility, Apollo Global Management (APO) has been the steadiest (Triple Flag Precious Metals (TFPM) 44.1%, Apollo Global Management (APO) 36.0%, Franco Nevada (FNV) 38.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TFPM, APO and FNV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Apollo Global Management (APO) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.