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 YoY+63.7% | 1.11B YoY-8.6% | 1.22B YoY-7.3% | 1.32B YoY+1.2% | 1.30B YoY+27.4% | |
1.35B YoY+77.4% | 759M YoY-1.0% | 767M YoY-10.1% | 853M YoY+3.7% | 822M YoY+32.5% | ||
| Operating income | 1.35B YoY+86.4% | 727M YoY+269.8% | -428M YoY-152.2% | 821M YoY-4.6% | 861M YoY+155.8% | |
| Interest expense | 3.10M YoY+19.2% | 2.60M YoY-10.3% | 2.90M YoY-9.4% | 3.20M YoY-11.1% | 3.60M YoY+2.9% | |
| Pre-tax income | 1.42B YoY+85.4% | 764M YoY+309.7% | -364M YoY-143.7% | 834M YoY-2.8% | 858M YoY+152.7% | |
| Income tax | 304M YoY+43.5% | 212M YoY+107.2% | 102M YoY-23.2% | 133M YoY+7.3% | 124M YoY+833.1% | |
| Net income | 1.11B YoY+101.4% | 552M YoY+218.4% | -466M YoY-166.6% | 701M YoY-4.5% | 734M YoY+124.9% | |
$5.76 YoY+100.7% | $2.87 YoY+218.1% | -$2.43 YoY-166.6% | $3.65 YoY-4.7% | $3.83 YoY+124.0% | ||
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
1.02B YoY-40.5% | 1.72B YoY+6.3% | 1.62B YoY+16.8% | 1.38B YoY+84.1% | 751M YoY+13.2% | ||
| Total assets | 8.24B YoY+30.2% | 6.33B YoY+5.6% | 5.99B YoY-9.5% | 6.63B YoY+6.7% | 6.21B YoY+11.0% | |
| Total current liabilities | 123M YoY+82.2% | 67.5M YoY+72.2% | 39.2M YoY-21.9% | 50.2M YoY+16.2% | 43.2M YoY-18.8% | |
| Total liabilities | 606M YoY+81.6% | 334M YoY+48.4% | 225M YoY+7.6% | 209M YoY+13.3% | 185M YoY+23.9% | |
7.64B YoY+27.3% | 6.00B YoY+3.9% | 5.77B YoY-10.1% | 6.42B YoY+6.5% | 6.03B YoY+10.7% | ||
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
1.49B YoY+80.1% | 830M YoY-16.3% | 991M YoY-0.8% | 1000M YoY+4.6% | 955M YoY+18.8% | ||
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 175M | 0.00 | 0.00 | 0.00 YoY-100.0% | 150M | |
| Long-term debt repaid | 175M | 0.00 | 0.00 | 0.00 | 0.00 YoY-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 YoY-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 275M YoY+13.5% | 242M YoY+4.0% | 233M YoY+17.9% | 198M YoY+10.0% | 180M YoY+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 YoY+76.5% | 22.6B YoY+6.5% | 21.3B YoY-18.6% | 26.1B YoY-1.3% | 26.5B YoY+10.6% | |
| P/E | 35.9× YoY-12.4% | 41.0× YoY+35.1% | 30.4× YoY-14.7% | 35.6× YoY-1.3% | 36.1× YoY-50.8% | |
| P/S | 21.9× YoY+7.8% | 20.3× YoY+25.8% | 16.2× YoY-19.5% | 20.1× YoY-1.3% | 20.4× YoY-13.2% | |
| P/B | 5.2× YoY+38.6% | 3.8× YoY+14.0% | 3.3× YoY-23.6% | 4.3× YoY-1.3% | 4.4× YoY-0.1% | |
2.8% YoY+14.1% | 2.4% YoY-26.0% | 3.3% YoY+17.3% | 2.8% YoY+1.3% | 2.8% YoY+103.4% | ||
0.73% YoY-40.1% | 1.2% YoY-0.2% | 1.2% YoY+30.9% | 0.94% YoY+11.8% | 0.84% YoY+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.