Franco Nevada (FNV) Return on Capital Employed (2011 - 2026)

Franco Nevada (FNV) reported Return on Capital Employed of 20.13% for Q1 2026, up 735.0% year-over-year from 2.41% in Q1 2025, and up 15.32% quarter-over-quarter from 17.46% in Q4 2025.

Franco Nevada (FNV) Return on Capital Employed (2011 - 2026) Analysis & Trends

Franco Nevada (FNV) has 14 years of Return on Capital Employed data on file, last reported at 20.13% in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 20.13%, up 735.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.13% (up 735.0% YoY), and the FY2025 annual result was 18.91%, up 698.0% from the prior year.
  • Return on Capital Employed advanced to 20.13% in Q1 2026 per FNV's latest filing, from 17.46% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 20.13% in Q1 2026 and troughed at 10.84% in Q3 2023.
  • A 5-year average of 14.22% and a median of 13.83% in 2022 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2024 and 2026: Return on Capital Employed tumbled 368 bps in 2024, then surged 735 bps in 2026.
  • A 5-year view of Return on Capital Employed shows it stood at 12.66% in 2022, then increased by 21 bps to 15.31% in 2023, then decreased by 24 bps to 11.63% in 2024, then surged by 50 bps to 17.46% in 2025, then rose by 15 bps to 20.13% in 2026.
  • Business Quant data shows FNV's Return on Capital Employed at 20.13% in Q1 2026, 17.46% in Q4 2025, and 15.63% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -5.02%
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn 9.05%
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 9.04%
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn 22.92%
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn -
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 21.10%
8 Equinox Gold 47.64 Bn 47.14 Bn - -
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn -
10 Franco Nevada 506.41 Mn -164.49 Mn 526.30 Mn 20.13%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.13%
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 15.23%
Jun 30, 2024 15.59%
Mar 31, 2024 16.30%
Dec 31, 2023 15.31%
Sep 30, 2023 10.84%
Jun 30, 2023 11.08%
Mar 31, 2023 11.77%
Dec 31, 2022 12.66%
Sep 30, 2022 13.67%
Jun 30, 2022 13.83%
Mar 31, 2022 13.64%
Jun 30, 2021 13.26%
Sep 30, 2020 5.16%
Jun 30, 2020 4.23%