Franco Nevada (FNV) Return on Capital Employed (2011 - 2026)
Franco Nevada (FNV) posted quarterly Return on Capital Employed of 19.41% for Q1 2026, up 663.0% YoY from 2.54% in Q1 2025, and up 11.15% sequentially from 17.46% in Q4 2025.
Franco Nevada (FNV) Return on Capital Employed (2011 - 2026) Analysis & Trends
Franco Nevada has disclosed Return on Capital Employed across 14 years of filings, most recently posting 19.41% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 663.0% year-over-year to 19.41%; the TTM figure through Mar 2026 stood at 19.41% (up 663.0% YoY), while the FY2025 annual figure was 18.91%, up 698.0% from the prior year.
- Return on Capital Employed grew to 19.41% in Q1 2026, from 17.46% in the prior quarter.
- Over the last five years, Return on Capital Employed for FNV reached as high as 19.41% in Q1 2026 and fell as low as 7.83% in Q2 2024.
- The 5-year median for Return on Capital Employed is 10.84% (2023), against an average of 8.05%.
- Annual changes were most pronounced in 2024 — Return on Capital Employed tumbled 1917 bps — and 2025, when it surged 2340 bps.
- A 5-year view of Return on Capital Employed shows it stood at 10.83% in 2022, then sank by 161 bps to 6.63% in 2023, then soared by 275 bps to 11.63% in 2024, then surged by 50 bps to 17.46% in 2025, then climbed by 11 bps to 19.41% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 19.41%, 17.46%, and 15.63% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 9.05% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 41.57% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 21.10% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | - |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | - |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | - |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 19.41% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | - |
| 10 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.41% |
| Dec 31, 2025 | 17.46% |
| Sep 30, 2025 | 15.63% |
| Jun 30, 2025 | 14.20% |
| Mar 31, 2025 | 12.78% |
| Dec 31, 2024 | 11.63% |
| Sep 30, 2024 | -7.77% |
| Jun 30, 2024 | -7.83% |
| Mar 31, 2024 | -7.40% |
| Dec 31, 2023 | -6.63% |
| Sep 30, 2023 | 10.84% |
| Jun 30, 2023 | 11.08% |
| Mar 31, 2023 | 11.77% |
| Dec 31, 2022 | 10.83% |
| Sep 30, 2022 | 10.26% |
| Jun 30, 2022 | 10.41% |
| Mar 31, 2022 | 10.16% |
| Jun 30, 2021 | 13.28% |
| Sep 30, 2020 | 5.16% |
| Jun 30, 2020 | 4.23% |