Franco Nevada's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Franco Nevada (FNV) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Franco Nevada vs Its Competitors
- TTM: Trailing 12-month revenue of 1,992M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
- Scale: Franco Nevada ranks #8 of 155 companies by market capitalization in the Metal Mining industry, holding 3.4% of industry market cap.
- Peer revenue share: Franco Nevada accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FNV Sales vs. its Competitors, Q4 2025
Franco Nevada generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Metal Mining industry grew revenue 20.4% year over year, combined, vs 60.2% for Franco Nevada. Franco Nevada's share of combined industry revenue moved from 0.49% to 0.65%, a gain of 0.16 percentage points.
Franco Nevada's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Franco nevada Corporation | Yes | Yes | Yes | No |
| Competitors combined (1) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FNV Stock Performance relative to its Competitors
FNV Stock Performance relative to Similar-Size Competitors
FNV Stock Performance relative to Similar Growth & Profitability Competitors
Publicly Traded Peers of Franco nevada Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Franco nevada Corporation | 47,852.42 | 1,991.60 |
| Sunstock Inc | 0.10 | 7.53 |
| SUBTOTAL | 47,852.52 | 1,999.13 |
Sources: Franco nevada Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Franco nevada Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Franco Nevada's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Franco nevada Corporation | 47,852 | 3,319,333 | 1,853,500 |
| Sunstock Inc | 0 | - | - |
| PEERS TOTAL | 0 | - | - |
Franco Nevada's Position in Industry Market Structure
Market-capitalization share and concentration across all 131 companies in Franco Nevada's industry classification, broader than the peer set above. Market cap in millions of $.Franco Nevada ranks #8 of 131 companies by market capitalization in its industry, holding 3.44 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 757, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Bhp Group Limited | 215,377 | 15.46 % |
| 2 | Southern Copper Corp | 167,934 | 12.06 % |
| 3 | Rio Tinto Plc | 153,619 | 11.03 % |
| 4 | Newmont Corporation | 124,935 | 8.97 % |
| 5 | Freeport mcmoran Inc | 1,234 | 5.2% |
| 6 | Agnico Eagle Mines Limited | 1,234 | 5.2% |
| 7 | Wheaton Precious Metals Corp | 1,234 | 5.2% |
| 8 | Franco nevada Corporation | 47,852 | 3.44 % |
| 9 | Anglogold Ashanti Plc | 1,234 | 5.2% |
| 10 | Cameco Corporation | 1,234 | 5.2% |
Market cap and industry share for the rest of Franco Nevada's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Franco Nevada's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 3 | Rio Tinto Plc | 153,619 | 45.19 % |
| 4 | Newmont Corporation | 124,935 | 36.85 % |
| 5 | Freeport mcmoran Inc | 102,150 | 99.72 % |
| 6 | Agnico Eagle Mines Limited | 91,330 | 12.84 % |
| 7 | Wheaton Precious Metals Corp | 1,234 | 12.3% |
| 8 | Franco nevada Corporation | 47,852 | 12.90 % |
| 9 | Anglogold Ashanti Plc | 1,234 | 12.3% |
| 10 | Cameco Corporation | 1,234 | 12.3% |
| 11 | Gold Fields Limited | 1,234 | 12.3% |
| 12 | Kinross Gold Corp | 1,234 | 12.3% |
| 13 | Sibanye Stillwater Limited | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Franco Nevada's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Franco Nevada's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Metal Mining industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (72 companies). See the full Metal Mining industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 67.65 % | 43.61 % (avg) | +24.0 pp |
| Operating Margin | 68.00 % | industry median | +36.4 pp |
| EBITDA Margin | 71.10 % | 21.74 % (avg) | +49.4 pp |
| Capital Intensity (Capex / Revenue) | 0.12 % | 19.41 % (avg) | -19.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Franco Nevada's Valuation vs Competitive Position
Valuation multiples vs the Metal Mining industry average (72 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Metal Mining industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 35.2x | 21.8x | +13.4x |
| EV / EBITDA | 27.2x | 13.3x | +13.9x |
| P/B | 5.1x | 3.5x | +1.6x |
| Return on Equity | 14.57 % | industry aggregate | -0.51 % |
| Return on Invested Capital | 8.60 % | 7.81 % (avg) | 0.79 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Franco Nevada's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | -7.38 % | 2.02 % | 60.20 % |
| Operating Margin | -35.12 % | 58.45 % | 68.00 % |
| Return on Invested Capital | -3.65 % | 5.93 % | 8.60 % |
| P/E | - | 43.1x | 35.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Franco Nevada's Strategic Group Map
Every company in Franco Nevada's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Franco Nevada is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Franco Nevada's BCG Growth-Share Matrix
Relative market share (vs Franco Nevada's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Franco Nevada falls in the Question Mark quadrant: relative market share of 0.22x vs its largest competitor, in an industry growing revenue 33.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Franco Nevada's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 757 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.12 % vs industry average 19.41 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Franco Nevada's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Franco Nevada's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Franco Nevada's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Franco Nevada falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Franco Nevada's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 36.4 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.22x).
Opportunities
- Industry revenue growing at a healthy 33.6% median pace.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Franco Nevada's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Franco nevada Corporation | 5.45 | 8.30 | 0.00 |
| Sunstock Inc | 0.02 | 3.62 | 0.09 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Franco Nevada's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Franco nevada Corporation | Q4 2025 | +60.2 % | +101.4 % |
| Sunstock Inc | Q3 2024 | +6.0 % | - |
| PEERS TOTAL | +60.1 % | +101.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Franco Nevada's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Franco nevada Corporation | Q4 2025 | +34.2 % | +1,100.0 % |
| Sunstock Inc | Q3 2024 | +0.0 % | - |
Franco Nevada's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Franco nevada Corporation | 13.49% | 13.70% | 14.57% |
| Sunstock Inc | 30.59% | 42.07% | 46.22% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Franco Nevada's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Franco nevada Corporation | 43.05 | 24.03 |
| Sunstock Inc | - | 0.01 |
| PEERS AVERAGE | 43.00 | 23.94 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.