Franco Nevada (FNV) Gross Margin (2010 - 2026)
Franco Nevada (FNV) posted quarterly Gross Margin of 80.88% for Q1 2026, up 990.0% YoY from 7.42% in Q1 2025, and up 4.93% sequentially from 77.08% in Q4 2025.
Franco Nevada (FNV) Gross Margin (2010 - 2026) Analysis & Trends
Franco Nevada has disclosed Gross Margin across 16 years of filings, most recently posting 80.88% for Q1 2026.
- In Q1 2026, Gross Margin rose 990.0% year-over-year to 80.88%; the TTM figure through Mar 2026 stood at 76.58% (up 673.0% YoY), while the FY2025 annual figure was 73.91%, up 573.0% from the prior year.
- Gross Margin improved to 80.88% in Q1 2026, from 77.08% in the prior quarter.
- Over the last five years, Gross Margin for FNV reached as high as 80.88% in Q1 2026 and fell as low as 62.2% in Q3 2023.
- The 5-year median for Gross Margin is 67.33% (2022), against an average of 68.1%.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 437 bps — and 2026, when it surged 990 bps.
- A 5-year view of Gross Margin shows it stood at 62.77% in 2022, then slipped by 1 bps to 62.41% in 2023, then rose by 13 bps to 70.59% in 2024, then grew by 9 bps to 77.08% in 2025, then climbed by 5 bps to 80.88% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 80.88%, 77.08%, and 72.48% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 59.77% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 61.79% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 99.74% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 86.39% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 77.58% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 54.68% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 80.88% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 59.87% |
| 10 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | 52.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 80.88% |
| Dec 31, 2025 | 77.08% |
| Sep 30, 2025 | 72.48% |
| Jun 30, 2025 | 73.61% |
| Mar 31, 2025 | 70.98% |
| Dec 31, 2024 | 70.59% |
| Sep 30, 2024 | 68.77% |
| Jun 30, 2024 | 68.47% |
| Mar 31, 2024 | 64.25% |
| Dec 31, 2023 | 62.41% |
| Sep 30, 2023 | 62.20% |
| Jun 30, 2023 | 62.96% |
| Mar 31, 2023 | 64.10% |
| Dec 31, 2022 | 62.77% |
| Sep 30, 2022 | 63.68% |
| Jun 30, 2022 | 67.33% |
| Mar 31, 2022 | 65.11% |
| Sep 30, 2021 | 63.64% |
| Jun 30, 2021 | 64.13% |
| Sep 30, 2020 | 65.23% |