Franco-Nevada Corporation (FNV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 650.7M | 597.3M | 487.7M | 369.4M | 368.4M | 321M | 275.7M | 260.1M | 256.8M | 303.3M | 309.5M | 329.9M | 276.3M | 320.4M | 304.2M | 352.3M | 338.8M | 327.7M | 316.3M | 347.1M |
| Revenue Growth % | 76.63% | 86.07% | 76.9% | 42.02% | 43.46% | 5.84% | -10.92% | -21.16% | -7.06% | -5.34% | 1.74% | -6.36% | -18.45% | -2.23% | -3.83% | 1.5% | 9.68% | 7.62% | 13.05% | 77.64% |
| Cost of Goods Sold | 124.4M | 136.9M | 134.2M | 97.5M | 106.9M | 94.4M | 86.1M | 82M | 91.8M | 114M | 117M | 122.2M | 99.2M | 119.3M | 110.5M | 115.1M | 118.2M | 126.6M | 115M | 124.5M |
| COGS % of Revenue | 19.12% | 22.92% | 27.52% | 26.39% | 29.02% | 29.41% | 31.23% | 31.53% | 35.75% | 37.59% | 37.8% | 37.04% | 35.9% | 37.23% | 36.32% | 32.67% | 34.89% | 38.63% | 36.36% | 35.87% |
| Gross Profit | 526.3M | 460.4M | 353.5M | 271.9M | 261.5M | 226.6M | 189.6M | 178.1M | 165M | 189.3M | 192.5M | 207.7M | 177.1M | 201.1M | 193.7M | 237.2M | 220.6M | 201.1M | 201.3M | 222.6M |
| Gross Margin % | 80.88% | 77.08% | 72.48% | 73.61% | 70.98% | 70.59% | 68.77% | 68.47% | 64.25% | 62.41% | 62.2% | 62.96% | 64.1% | 62.77% | 63.68% | 67.33% | 65.11% | 61.37% | 63.64% | 64.13% |
| Gross Profit Growth % | 101.26% | 103.18% | 86.45% | 52.67% | 58.48% | 19.7% | -1.51% | -14.25% | -6.83% | -5.87% | -0.62% | -12.44% | -19.72% | 0% | -3.78% | 6.56% | 11.92% | 5.68% | 10.3% | 93.4% |
| Operating Expenses | 15.4M | 2.6M | 16.3M | 8.5M | 15.1M | 5.7M | 10.2M | 9.1M | 6.8M | 1.18B | 5.5M | 7.2M | 5M | 12.2M | 5.5M | 5.6M | 8.6M | -66M | 4.5M | 17.3M |
| OpEx % of Revenue | 2.37% | 0.44% | 3.34% | 2.3% | 4.1% | 1.78% | 3.7% | 3.5% | 2.65% | 388.03% | 1.78% | 2.18% | 1.81% | 3.81% | 1.81% | 1.59% | 2.54% | -20.14% | 1.42% | 4.98% |
| Selling, General & Admin | 15.4M | 2.6M | 16.3M | 8.5M | 15.1M | 5.7M | 10.2M | 9.4M | 7M | 5.2M | 5.7M | 8.6M | 9.4M | 11.8M | 5.1M | 5.8M | 9.9M | 9.6M | 4.6M | 10.4M |
| SG&A % of Revenue | 2.37% | 0.44% | 3.34% | 2.3% | 4.1% | 1.78% | 3.7% | 3.61% | 2.73% | 1.71% | 1.84% | 2.61% | 3.4% | 3.68% | 1.68% | 1.65% | 2.92% | 2.93% | 1.45% | 3% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -300K | -200K | 1000K | -200K | -1000K | -1000K | 400K | 400K | -200K | -1000K | -1000K | -100K | 1000K |
| Operating Income | 510.9M | 457.8M | 337.2M | 263.4M | 246.4M | 220.9M | 179.4M | 169M | 158.2M | -987.6M | 187M | 200.5M | 172.1M | 188.9M | 188.2M | 231.6M | 212M | 267.1M | 196.8M | 205.3M |
| Operating Margin % | 78.52% | 76.64% | 69.14% | 71.3% | 66.88% | 68.82% | 65.07% | 64.98% | 61.6% | -325.62% | 60.42% | 60.78% | 62.29% | 58.96% | 61.87% | 65.74% | 62.57% | 81.51% | 62.22% | 59.15% |
| Operating Income Growth % | 107.35% | 107.24% | 87.96% | 55.86% | 55.75% | 122.37% | -4.06% | -15.71% | -8.08% | -622.82% | -0.64% | -13.43% | -18.82% | -29.28% | -4.37% | 12.81% | 10.71% | 36.41% | 10.38% | 94.05% |
| EBITDA | 588.8M | 545.1M | 424.2M | 327.4M | 314.8M | 280.9M | 233.6M | 221.9M | 216.4M | -918.7M | 255.1M | 275.6M | 233.1M | 262.4M | 256.7M | 301.2M | 286.6M | 345.3M | 269.8M | 282.5M |
| EBITDA Margin % | 90.49% | 91.26% | 86.98% | 88.63% | 85.45% | 87.51% | 84.73% | 85.31% | 84.27% | -302.9% | 82.42% | 83.54% | 84.36% | 81.9% | 84.39% | 85.5% | 84.59% | 105.37% | 85.3% | 81.39% |
| EBITDA Growth % | 87.04% | 94.05% | 81.59% | 47.54% | 45.47% | 130.58% | -8.43% | -19.48% | -7.16% | -450.11% | -0.62% | -8.5% | -18.67% | -24.01% | -4.86% | 6.62% | 9.1% | 31.14% | 14.76% | 78.68% |
| D&A (Non-Cash Add-back) | 77.9M | 87.3M | 87M | 64M | 68.4M | 60M | 54.2M | 52.9M | 58.2M | 68.9M | 68.1M | 75.1M | 61M | 73.5M | 68.5M | 69.6M | 74.6M | 78.2M | 73M | 77.2M |
| EBIT | 595.7M | 466.3M | 363.2M | 316.5M | 270.3M | 220.4M | 195.6M | 175.4M | 172.6M | -961.8M | 200.7M | 212.1M | 184.8M | 192.6M | 188.3M | 234M | 218.9M | 263.2M | 197M | 205M |
| Net Interest Income | 4.63M | 1.73M | 7.2M | 5.9M | 10.37M | 12.44M | 14.31M | 15.6M | 15.33M | 15.93M | 14.61M | 9.42M | 9.8M | 6.01M | 1.51M | 1.98M | -202.46K | -199.33K | -198.64K | 594.91K |
| Interest Income | 5.42M | 2.54M | 8M | 6.71M | 11.07M | 13.12M | 15.02M | 16.2M | 15.93M | 16.75M | 15.3M | 10.13M | 10.5M | 6.71M | 2.27M | 2.78M | 708.6K | 697.64K | 595.91K | 1.69M |
| Interest Expense | 788.92K | 812.3K | 800K | 813.18K | 697.88K | 680.25K | 705.63K | 599.88K | 597.32K | 822.11K | 691.11K | 709.24K | 700.05K | 701.06K | 755.05K | 793.18K | 911.05K | 896.97K | 794.55K | 1.09M |
| Other Income/Expense | 84M | 10.5M | 25.2M | 52.3M | 23.2M | 1.3M | 15.5M | 5.8M | 13.8M | 27.8M | 13M | 11M | 12M | 6.1M | -700K | 1.6M | 6M | -1.5M | -600K | -600K |
| Pretax Income | 594.9M | 468.3M | 362.4M | 315.7M | 269.6M | 222.2M | 194.9M | 174.8M | 172M | -959.8M | 200M | 211.5M | 184.1M | 195M | 187.5M | 233.2M | 218M | 265.6M | 196.2M | 204.7M |
| Pretax Margin % | 91.42% | 78.4% | 74.31% | 85.46% | 73.18% | 69.22% | 70.69% | 67.2% | 66.98% | -316.45% | 64.62% | 64.11% | 66.63% | 60.86% | 61.64% | 66.19% | 64.34% | 81.05% | 62.03% | 58.97% |
| Income Tax | 126.3M | 100.6M | 74.9M | 68.6M | 59.8M | 46.8M | 42.2M | 95.3M | 27.5M | 22.7M | 24.9M | 27M | 27.6M | 30M | 30.4M | 36.7M | 36M | 44.7M | 30.2M | 29.4M |
| Effective Tax Rate % | 21.23% | 21.48% | 20.67% | 21.73% | 22.18% | 21.06% | 21.65% | 54.52% | 15.99% | -2.37% | 12.45% | 12.77% | 14.99% | 15.38% | 16.21% | 15.74% | 16.51% | 16.83% | 15.39% | 14.36% |
| Net Income | 468.6M | 367.7M | 287.5M | 247.1M | 209.8M | 175.4M | 152.7M | 79.5M | 144.5M | -982.5M | 175.1M | 184.5M | 156.5M | 165M | 157.1M | 196.5M | 182M | 220.9M | 166M | 175.3M |
| Net Margin % | 72.01% | 61.56% | 58.95% | 66.89% | 56.95% | 54.64% | 55.39% | 30.57% | 56.27% | -323.94% | 56.58% | 55.93% | 56.64% | 51.5% | 51.64% | 55.78% | 53.72% | 67.41% | 52.48% | 50.5% |
| Net Income Growth % | 123.36% | 109.64% | 88.28% | 210.82% | 45.19% | 117.85% | -12.79% | -56.91% | -7.67% | -695.45% | 11.46% | -6.11% | -14.01% | -25.31% | -5.36% | 12.09% | 6.12% | 25.01% | 7.86% | 85.7% |
| Net Income (Continuing) | 468.6M | 367.7M | 287.5M | 247.1M | 209.8M | 175.4M | 152.7M | 79.5M | 144.5M | -982.5M | 175.1M | 184.5M | 156.5M | 165M | 157.1M | 196.5M | 182M | 220.9M | 166M | 175.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.39 | 1.94 | 1.49 | 1.28 | 1.09 | 0.91 | 0.79 | 0.41 | 0.75 | -5.25 | 0.90 | 0.97 | 0.81 | 0.86 | 0.77 | 1.03 | 0.95 | 1.15 | 0.87 | 0.92 |
| EPS Growth % | 119.27% | 113.19% | 88.61% | 212.2% | 45.33% | 117.33% | -12.22% | -57.73% | -7.41% | -710.47% | 16.48% | -5.83% | -14.74% | -25.22% | -11.19% | 11.96% | 5.56% | 23.66% | 7.41% | 84% |
| EPS (Basic) | 2.40 | 1.94 | 1.49 | 1.28 | 1.09 | 0.91 | 0.79 | 0.41 | 0.75 | -5.25 | 0.90 | 0.97 | 0.82 | 0.86 | 0.77 | 1.03 | 0.95 | 1.15 | 0.87 | 0.92 |
| Diluted Shares Outstanding | 193.2M | 192.8M | 193M | 193M | 192.9M | 192.55M | 192.5M | 192.5M | 192.4M | 192.18M | 192.4M | 192.2M | 192.2M | 191.86M | 190.95M | 190.95M | 190.75M | 191.33M | 190.55M | 190.45M |
| Basic Shares Outstanding | 192.8M | 192.8M | 192.7M | 192.7M | 192.6M | 192.55M | 192.3M | 192.3M | 192.2M | 192.18M | 192.1M | 191.9M | 191.9M | 191.7M | 190.95M | 190.95M | 190.75M | 191.2M | 190.15M | 190.05M |
| Dividend Payout Ratio | 16.94% | 19.2% | 23.41% | 27.11% | 33.46% | 35.4% | 40.01% | 75.85% | 40.76% | - | 32.44% | 31.76% | 36.93% | 29.09% | 30.68% | 26.11% | 27.53% | 20.91% | 27.95% | 25.78% |