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
DateValue
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%