FNV financial statements
The full income statement, balance sheet, and cash-flow statement for Franco-Nevada Corporation (FNV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.82B+63.7% | 1.11B-8.6% | 1.22B-7.3% | 1.32B+1.2% | 1.30B+27.4% | |
| 1.35B+77.4% | 759M-1.0% | 767M-10.1% | 853M+3.7% | 822M+32.5% | ||
| Cost of revenue | 476M+34.2% | 354M-21.7% | 452M-2.3% | 463M-3.1% | 478M+19.5% | |
| Operating income | 1.35B+86.4% | 727M+269.8% | -428M-152.2% | 821M-4.6% | 861M+155.8% | |
| Interest expense | 3.10M+19.2% | 2.60M-10.3% | 2.90M-9.4% | 3.20M-11.1% | 3.60M+2.9% | |
| Pre-tax income | 1.42B+85.4% | 764M+309.7% | -364M-143.7% | 834M-2.8% | 858M+152.7% | |
| Income tax | 304M+43.5% | 212M+107.2% | 102M-23.2% | 133M+7.3% | 124M+833.1% | |
| Net income | 1.11B+101.4% | 552M+218.4% | -466M-166.6% | 701M-4.5% | 734M+124.9% | |
| $5.76+100.7% | $2.87+218.1% | -$2.43-166.6% | $3.65-4.7% | $3.83+124.0% | ||
| EPS (basic) | $5.77+101.0% | $2.87+218.1% | -$2.43-166.4% | $3.66-4.7% | $3.84+124.6% | |
| Weighted-avg shares (basic) | 193M+0.2% | 192M+0.2% | 192M+0.3% | 192M+0.2% | 191M+0.4% | |
| Weighted-avg shares (diluted) | 193M+0.2% | 193M+0.2% | 192M+0.2% | 192M+0.2% | 192M+0.4% | |
| Dividends per share | $1.52+5.6% | $1.44+5.9% | $1.36+6.3% | $1.28+10.3% | $1.16+12.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.02B-40.5% | 1.72B+6.3% | 1.62B+16.8% | 1.38B+84.1% | 751M+13.2% | ||
| Cash & equivalents | 671M-53.8% | 1.45B+2.1% | 1.42B+18.8% | 1.20B+121.9% | 539M+1.0% | |
| Inventory | 40.1M-58.6% | 96.8M+86.9% | 51.8M+51700.0% | 100K-80.0% | 500K+0.0% | |
| Total assets | 8.24B+30.2% | 6.33B+5.6% | 5.99B-9.5% | 6.63B+6.7% | 6.21B+11.0% | |
| Total current liabilities | 123M+82.2% | 67.5M+72.2% | 39.2M-21.9% | 50.2M+16.2% | 43.2M-18.8% | |
| Total liabilities | 606M+81.6% | 334M+48.4% | 225M+7.6% | 209M+13.3% | 185M+23.9% | |
| 7.64B+27.3% | 6.00B+3.9% | 5.77B-10.1% | 6.42B+6.5% | 6.03B+10.7% | ||
| Total equity incl. non-controlling | 7.64B+27.3% | 6.00B+3.9% | 5.77B-10.1% | 6.42B+6.5% | 6.03B+10.7% | |
| Common shares issued | — | — | 192M+0.1% | 192M | — | |
| Common shares outstanding | 193M+0.1% | 193M+0.2% | 192M+0.1% | 192M+0.3% | 191M+0.2% | |
| Shares outstanding (cover) | 193M+0.1% | 193M+0.2% | 192M+0.1% | 192M+0.3% | 191M+0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.49B+80.1% | 830M-16.3% | 991M-0.8% | 1000M+4.6% | 955M+18.8% | ||
| Depreciation & amortization | 307M+36.1% | 225M-17.5% | 273M-4.6% | 286M-4.5% | 300M+24.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 175M | 0.00 | 0.00 | 0.00-100.0% | 150M | |
| Long-term debt repaid | 175M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 275M+13.5% | 242M+4.0% | 233M+17.9% | 198M+10.0% | 180M+15.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 40.0B+76.5% | 22.6B+6.5% | 21.3B-18.6% | 26.1B-1.3% | 26.5B+10.6% | |
| P/E | 35.9×-12.4% | 41.0×+35.1% | 30.4×-14.7% | 35.6×-1.3% | 36.1×-50.8% | |
| P/S | 21.9×+7.8% | 20.3×+25.8% | 16.2×-19.5% | 20.1×-1.3% | 20.4×-13.2% | |
| P/B | 5.2×+38.6% | 3.8×+14.0% | 3.3×-23.6% | 4.3×-1.3% | 4.4×-0.1% | |
| Earnings yield | 2.8%+14.1% | 2.4%-26.0% | 3.3%+17.3% | 2.8%+1.3% | 2.8%+103.4% | |
| Dividend yield | 0.73%-40.1% | 1.2%-0.2% | 1.2%+30.9% | 0.94%+11.8% | 0.84%+2.1% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: FNV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FNV filings on SEC EDGAR → Not investment advice.