Franco-Nevada Corporation

FNVNYSEBasic Materials● Active

$217.60

$-1.15(-0.52%)

Market Cap$42.0B

P/E Ratio—

52W High$285.67

52W Low$152.89

Avg Volume825K

Open$220.05

Beta0.89

Free Cash Flow Financials Revenue

Franco-Nevada Corporation (FNV) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FNV · free cash flow · updated Jun 8, 2026

Core FCF metrics

FNV · FCF · TTM · margin & CAGR

Free cash flow was $1.49B for FY2025 (fiscal year ending 2025-12-31), up 253.2% year-over-year The FCF margin was 81.7%. Five-year CAGR stands at +24.8%.

FY2025 Free Cash Flow$1.49B▲ +253.2% YoY

Trailing 12M (TTM)$1.78Btrailing 4 quarters sum

FCF Margin81.7%$1.49B ÷ revenue

3-Year CAGR+20.2%FY2022 → FY2025

5-Year CAGR+24.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FNV · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.49B(5M)$1.49B▲ +253.2%81.7%

FY2024$829.5M(408M)$421.5M▼ 10.2%37.9%

FY2023$991.2M(522M)$469.6M▼ 45.3%38.5%

FY2022$999.5M(142M)$858.0M▲ +340.2%65.2%

FY2021$955.4M(761M)$194.9M▼ 60.3%15.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FNV · P/FCF · FCF yield · FCF per share

Franco-Nevada Corporation (FNV) trades at a FCF yield of 4.21% and a price-to-free-cash-flow ratio of 23.6x. FCF per share stands at $9.22, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.21%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.22

TTM FCF ÷ Shares Outstanding

Price / FCF

x23.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x23.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FNV · cash flow statement · operating / investing / financing

For FY2025, Franco-Nevada Corporation generated $1.49B in operating cash flow and spent 5M in capital expenditures, yielding $1.49B in free cash flow.

Operating Activities

+$1.49B

Cash from core business operations

2025-12-31

Investing Activities

−$2.03B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$267.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.49B) − |CapEx| (5M) = FCF ($1.49B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

FNV vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Franco-Nevada CorporationYOU

FNV

$1.49B+253.2%81.7%

16%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Franco-Nevada Corporation (FNV) reported free cash flow of $1.49B for FY2025 (fiscal year ending 2025-12-31), up 253.2% year-over-year. The FCF margin was 81.7%.

Based on available data, Franco-Nevada Corporation has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $1.49B in FY2025. The 5-year CAGR stands at +24.8%.

Franco-Nevada Corporation's FCF yield is 4.21% and price-to-FCF ratio is 23.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FNV free cash flow · 8 questions

Franco-Nevada Corporation free cash flow was $1.49B for FY2025, up 253.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.78B.

FNV free cash flowFNV FCFFNV FCF 2025FNV free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Franco-Nevada Corporation · Franco-Nevada Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026