Franco Nevada (FNV) Return on Capital Employed [ROCE] (2011 - 2026)
Franco Nevada (FNV) recorded Return on Capital Employed [ROCE] of 20.93% in Q3 2026, up 5.31 percentage points from 15.63% a year earlier and up 0.06 percentage points from the prior quarter.
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Analysis
Franco Nevada (FNV) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Franco Nevada reported Return on Capital Employed [ROCE] of 18.91%, up 6.98 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +12.66 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 11.92% in FY2024 (+18.75 pp), -6.82% in FY2023 (-19.71 pp), 12.89% in FY2022 (-1.80 pp) and 14.69% in FY2021 (+8.44 pp).
- The Q3 2026 figure is the highest quarterly Return on Capital Employed [ROCE] in data going back to Q4 2011.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for eight consecutive quarters, with an average year-over-year change of +13.63 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 23.40 percentage points in Q3 2025, against a drop of 19.29 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.87% (Q2 2026), 20.13% (Q1 2026) and 17.46% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 189.07 Bn | 145.60 Bn | - | - |
| 2 | Spdr Gold Trust | 125.11 Bn | -432.90 Bn | - | - |
| 3 | Brookfield | 101.47 Bn | -96.66 Bn | - | - |
| 4 | Blackstone | 91.35 Bn | 85.56 Bn | - | - |
| 5 | Kkr | 87.89 Bn | 54.59 Bn | 1.76 Bn | - |
| 6 | Brookfield Asset Management | 82.34 Bn | 77.22 Bn | - | - |
| 7 | Apollo Global Management | 72.94 Bn | 89.74 Bn | 4.14 Bn | - |
| 8 | Wheaton Precious Metals | 59.70 Bn | 59.70 Bn | 538.50 Mn | 23.42% |
| 9 | Ares Management | 48.49 Bn | 47.07 Bn | 376.28 Mn | - |
| 10 | Franco Nevada | 47.61 Bn | 43.98 Bn | 427.60 Mn | 20.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.93% |
| Jun 30, 2026 | 20.87% |
| 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 | -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 | 12.66% |
| Sep 30, 2022 | 14.10% |
| Jun 30, 2022 | 14.26% |
| Mar 31, 2022 | 14.07% |
| Dec 31, 2021 | 14.22% |
API Access
Franco Nevada Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=FNV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "FNV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=FNV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();