Franco Nevada (FNV) Return on Capital Employed [ROCE] (2011 - 2026)
Franco Nevada (FNV) recorded Return on Capital Employed [ROCE] of 20.87% in the quarter ended Jun 30, 2026, up 6.68 percentage points from 14.20% a year earlier and up 0.74 percentage points from the prior quarter.
Powered by 
Analysis
Franco Nevada (FNV) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Franco Nevada reported Return on Capital Employed [ROCE] of 16.58%, up 4.66 percentage points from the prior year.
- Annual Return on Capital Employed [ROCE] has a five-year change of +10.33 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 11.92% in the year ended Dec 31, 2024 (-0.10 pp), 12.03% in the year ended Dec 31, 2023 (-0.86 pp), 12.89% in the year ended Dec 31, 2022 (-2.04 pp) and 14.93% in the year ended Dec 31, 2021 (+8.68 pp).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Return on Capital Employed [ROCE] in data going back to the quarter ended Dec 31, 2011.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for seven consecutive quarters, with an average year-over-year change of +7.23 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 14.31 percentage points in the quarter ended Sep 30, 2025, against a drop of 10.62 percentage points in the quarter ended Dec 31, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.13% (quarter ended Mar 31, 2026), 17.46% (quarter ended Dec 31, 2025) and 15.63% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.13 Bn | 110.49 Bn | - | - |
| 2 | Spdr Gold Trust | 133.82 Bn | -424.18 Bn | - | - |
| 3 | Blackstone | 84.08 Bn | 79.01 Bn | - | - |
| 4 | Brookfield | 82.97 Bn | -82.41 Bn | 4.47 Bn | - |
| 5 | Kkr | 81.05 Bn | 47.53 Bn | - | - |
| 6 | Brookfield Asset Management | 71.64 Bn | 67.88 Bn | - | - |
| 7 | Apollo Global Management | 65.67 Bn | 3.35 Bn | 10.56 Bn | - |
| 8 | Wheaton Precious Metals | 61.89 Bn | 57.32 Bn | 687.86 Mn | 21.24% |
| 9 | Franco Nevada | 46.13 Bn | 43.49 Bn | 451.00 Mn | 20.87% |
| 10 | Ameriprise Financial | 43.37 Bn | 4.79 Bn | 4.72 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | 1.32% |
| Jun 30, 2024 | 1.43% |
| Mar 31, 2024 | 1.97% |
| Dec 31, 2023 | 2.04% |
| Sep 30, 2023 | 10.84% |
| Jun 30, 2023 | 11.08% |
| Mar 31, 2023 | 11.77% |
| Dec 31, 2022 | 12.66% |
| Sep 30, 2022 | 12.98% |
| Jun 30, 2022 | 13.14% |
| Mar 31, 2022 | 12.94% |
| Dec 31, 2021 | 13.04% |
| Sep 30, 2021 | 13.32% |
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();