CRS vs. FNV: Carpenter vs. Franco-Nevada Stock Comparison

November 11, 2026

How do Carpenter (CRS) and Franco-Nevada (FNV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Carpenter (CRS) and Franco-Nevada (FNV) both belong to the Metals & Mining industry, though CRS is classified under Steel while FNV falls under Gold.

Company profile comparison for Carpenter (CRS) and Franco-Nevada (FNV)
Profile Item	CRS	FNV
Name	Carpenter Technology Corporation	Franco-Nevada Corporation
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Steel	Gold
Market Capitalization	13.79 billion USD	49.17 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	December 7, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRS

FNV

GSPC

Carpenter (CRS) vs. Franco-Nevada (FNV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Carpenter (CRS) and Franco-Nevada (FNV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Carpenter (CRS) and Franco-Nevada (FNV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Carpenter (CRS) and Franco-Nevada (FNV)
Metric	CRS	FNV
Total Return (1Y)	-8.47%	37.48%
Total Return (3Y, Annualized)	66.22%	30.93%
Total Return (5Y, Annualized)	56.37%	13.51%

Risk Profile

Drawdown History

CRS

FNV

GSPC

Carpenter (CRS) vs. Franco-Nevada (FNV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Carpenter (CRS) and Franco-Nevada (FNV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Carpenter (CRS) has an aggressive beta of 1.39, indicating higher sensitivity to broad-market moves, while Franco-Nevada (FNV) is defensive at 0.28 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Carpenter (CRS) and Franco-Nevada (FNV)
Metric	CRS	FNV
Volatility (1Y, Annualized)	49.01%	39.71%
Beta (5Y)	1.39	0.28
Max Drawdown (5Y)	-55.01%	-37.12%
Avg. Volume (3M)	913.10K	716.56K

Risk-Adjusted Performance

Risk-Return Positioning

CRS and FNV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Carpenter (CRS) and Franco-Nevada (FNV)
Metric	CRS	FNV
Sharpe Ratio (1Y)	-0.26	0.84
Sortino Ratio (1Y)	-0.36	1.19

Profitability

ROE (TTM)

Both Carpenter (CRS) at 27.84% and Franco-Nevada (FNV) at 19.91% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

CRS

Materials industry group

27.84%

Max: 52.88%
CRS: 27.84%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

FNV

Materials industry group

19.91%

Max: 52.88%
FNV: 19.91%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Franco-Nevada (FNV) at 64.23% keeps the most of each sales dollar — above its industry’s net margin range — and Carpenter (CRS) at 17.87% also retains a top-quartile share.

CRS

Materials industry group

17.87%

Max: 38.66%
CRS: 17.87%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

FNV

Materials industry group

64.23%

FNV: 64.23%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Franco-Nevada (FNV) at 76.98% turns sales into operating profit above its industry’s benchmark range, while Carpenter (CRS) at 24.69% operates around its industry’s norm.

CRS

Materials industry group

24.69%

Max: 66.70%
Q3: 28.92%
CRS: 24.69%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

FNV

Materials industry group

76.98%

FNV: 76.98%
Max: 66.70%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Carpenter (CRS) and Franco-Nevada (FNV)
Metric	CRS	FNV
ROE (TTM)	27.84%	19.91%
ROA (TTM)	12.96%	13.74%
Net Margin (TTM)	17.87%	64.23%
Operating Margin (TTM)	24.69%	76.98%
Gross Margin (TTM)	31.22%	92.09%

Growth

Revenue Growth

Franco-Nevada (FNV) at 63.69% sits in the top revenue growth quartile, while Carpenter (CRS) at 8.59% is closer to the peer norm — faster top-line expansion for FNV.

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Carpenter (CRS) at 41.78% and Franco-Nevada (FNV) at 100.70% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carpenter (CRS) and Franco-Nevada (FNV)
Metric	CRS	FNV
Revenue Growth (YoY)	8.59%	63.69%
Revenue Growth (3Y CAGR)	7.00%	11.48%
EPS Growth (YoY)	41.78%	100.70%
EPS Growth (3Y CAGR)	109.75%	16.42%

Financial Strength

Current Ratio (MRQ)

Both Carpenter (CRS) at 3.94 and Franco-Nevada (FNV) at 9.38 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

CRS

Materials industry group

3.94

Max: 5.96
CRS: 3.94
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

FNV

Materials industry group

9.38

FNV: 9.38
Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Carpenter (CRS) carries debt-to-equity ratio of 0.32 against its industry range, while Franco-Nevada (FNV) reports no figure this period.

CRS

Materials industry group

0.32

Max: 1.98
Q3: 0.89
Median: 0.47
CRS: 0.32
Q1: 0.13
Min: 0.00

FNV

Materials industry group

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00
FNV: --

Carpenter (CRS) vs. Franco-Nevada (FNV): FNV does not report debt-to-equity ratio, so it has no value marker; CRS is benchmarked against the Materials industry group.

Financial Strength Metrics

Financial strength metrics for Carpenter (CRS) and Franco-Nevada (FNV)
Metric	CRS	FNV
Current Ratio (MRQ)	3.94	9.38
Debt / Equity (MRQ)	0.32	--
Net Debt / EBITDA	0.62	-0.49

Dividends

Dividend Yield (TTM)

Both Carpenter (CRS) at 0.29% and Franco-Nevada (FNV) at 0.65% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CRS

Materials industry group

0.29%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
CRS: 0.29%
Q1: 0.00%
Min: 0.00%

FNV

Materials industry group

0.65%

Max: 4.52%
Q3: 1.85%
FNV: 0.65%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Carpenter (CRS) at 7.05% and Franco-Nevada (FNV) at 21.44% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CRS

Materials industry group

7.05%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
CRS: 7.05%
Q1: 0.00%
Min: 0.00%

FNV

Materials industry group

21.44%

Max: 83.62%
Q3: 41.37%
FNV: 21.44%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Carpenter (CRS) and Franco-Nevada (FNV)
Metric	CRS	FNV
Dividend Yield (TTM)	0.29%	0.65%
Dividend Payout Ratio (TTM)	7.05%	21.44%

Valuation

P/E Ratio (TTM)

Carpenter (CRS) at 24.54 is near its industry’s usual P/E ratio, while Franco-Nevada (FNV) at 33.33 sits in the richer quartile — FNV needs stronger growth or earnings quality to justify the premium.

CRS

Materials industry group

24.54

Max: 59.00
Q3: 32.93
CRS: 24.54
Median: 18.82
Q1: 11.96
Min: 3.93

FNV

Materials industry group

33.33

Max: 59.00
FNV: 33.33
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Carpenter (CRS) at 4.32 prices around its industry’s typical P/S ratio, while Franco-Nevada (FNV) at 21.37 clears its benchmark range — FNV looks notably rich on sales.

CRS

Materials industry group

4.32

Max: 9.62
Q3: 4.34
CRS: 4.32
Median: 1.87
Q1: 0.73
Min: 0.00

FNV

Materials industry group

21.37

FNV: 21.37
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Both Carpenter (CRS) at 6.32 and Franco-Nevada (FNV) at 5.97 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

CRS

Materials industry group

6.32

Max: 6.59
CRS: 6.32
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

FNV

Materials industry group

5.97

Max: 6.59
FNV: 5.97
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Carpenter (CRS) vs. Franco-Nevada (FNV): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Carpenter (CRS) and Franco-Nevada (FNV)
Metric	CRS	FNV
P/E Ratio (TTM)	24.54	33.33
P/S Ratio (TTM)	4.32	21.37
P/B Ratio (MRQ)	6.32	5.97
Free Cash Flow Yield (TTM)	1.54%	0.96%