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
DateValue
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%