FNV vs. GFI: Franco-Nevada vs. Gold Fields Stock Comparison

November 11, 2026

How do Franco-Nevada (FNV) and Gold Fields (GFI) 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

Franco-Nevada (FNV) and Gold Fields (GFI) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.

Franco-Nevada (FNV) trades as ordinary local shares, while Gold Fields (GFI) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Franco-Nevada (FNV) and Gold Fields (GFI)
Profile Item	FNV	GFI
Name	Franco-Nevada Corporation	Gold Fields Ltd. Sponsored ADR
Country/Region	Canada	South Africa
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Gold
Market Capitalization	49.17 billion USD	34.65 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 7, 2007	March 17, 1980
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

FNV

GFI

GSPC

Franco-Nevada (FNV) vs. Gold Fields (GFI), 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 Franco-Nevada (FNV) and Gold Fields (GFI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Franco-Nevada (FNV) and Gold Fields (GFI)
Metric	FNV	GFI
Total Return (1Y)	37.48%	9.54%
Total Return (3Y, Annualized)	30.93%	51.07%
Total Return (5Y, Annualized)	13.51%	38.08%

Risk Profile

Drawdown History

FNV

GFI

GSPC

Franco-Nevada (FNV) vs. Gold Fields (GFI), 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 Franco-Nevada (FNV) and Gold Fields (GFI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Franco-Nevada (FNV) and Gold Fields (GFI)
Metric	FNV	GFI
Volatility (1Y, Annualized)	39.71%	60.41%
Beta (5Y)	0.28	0.64
Max Drawdown (5Y)	-37.12%	-56.22%
Avg. Volume (3M)	716.56K	3.78M

Risk-Adjusted Performance

Risk-Return Positioning

FNV and GFI 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 Franco-Nevada (FNV) and Gold Fields (GFI)
Metric	FNV	GFI
Sharpe Ratio (1Y)	0.84	0.09
Sortino Ratio (1Y)	1.19	0.12

Profitability

ROE (TTM)

Both companies show strong equity returns, but Gold Fields (GFI) at 58.68% is the standout with ROE above its industry range; Franco-Nevada (FNV) at 19.91% also sits in the top quartile.

FNV

Materials industry group

19.91%

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

GFI

Materials industry group

58.68%

GFI: 58.68%
Max: 52.88%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Franco-Nevada (FNV) vs. Gold Fields (GFI): 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 Gold Fields (GFI) at 38.66% also retains a top-quartile share.

FNV

Materials industry group

64.23%

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

GFI

Materials industry group

38.66%

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

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

Operating Margin (TTM)

Franco-Nevada (FNV) at 76.98% shows unusually strong operating efficiency — above its industry’s operating margin range — and Gold Fields (GFI) at 55.00% also operates in the top quartile.

FNV

Materials industry group

76.98%

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

GFI

Materials industry group

55.00%

Max: 66.70%
GFI: 55.00%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Franco-Nevada (FNV) and Gold Fields (GFI)
Metric	FNV	GFI
ROE (TTM)	19.91%	58.68%
ROA (TTM)	13.74%	28.52%
Net Margin (TTM)	64.23%	38.66%
Operating Margin (TTM)	76.98%	55.00%
Gross Margin (TTM)	92.09%	57.77%

Growth

Revenue Growth

Both Franco-Nevada (FNV) at 63.69% and Gold Fields (GFI) at 68.24% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

Franco-Nevada (FNV) vs. Gold Fields (GFI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Gold Fields (GFI) at 185.51% sits in the top EPS growth quartile, while Franco-Nevada (FNV) at 100.70% is closer to the peer norm — faster per-share earnings growth for GFI.

Franco-Nevada (FNV) vs. Gold Fields (GFI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Franco-Nevada (FNV) and Gold Fields (GFI)
Metric	FNV	GFI
Revenue Growth (YoY)	63.69%	68.24%
Revenue Growth (3Y CAGR)	11.48%	26.86%
EPS Growth (YoY)	100.70%	185.51%
EPS Growth (3Y CAGR)	16.42%	71.58%

Financial Strength

Current Ratio (MRQ)

Gold Fields (GFI) at 1.87 keeps current ratio within its industry’s typical mid-range, while Franco-Nevada (FNV) at 9.38 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

FNV

Materials industry group

9.38

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

GFI

Materials industry group

1.87

Max: 5.96
Q3: 3.30
Median: 2.24
GFI: 1.87
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Gold Fields (GFI) carries debt-to-equity ratio of 0.29 against its industry range, while Franco-Nevada (FNV) reports no figure this period.

FNV

Materials industry group

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

GFI

Materials industry group

0.29

Max: 1.98
Q3: 0.89
Median: 0.47
GFI: 0.29
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Franco-Nevada (FNV) and Gold Fields (GFI)
Metric	FNV	GFI
Current Ratio (MRQ)	9.38	1.87
Debt / Equity (MRQ)	--	0.29
Net Debt / EBITDA	-0.49	0.06

Dividends

Dividend Yield (TTM)

Franco-Nevada (FNV) at 0.65% pays an industry-typical yield; Gold Fields (GFI) at 5.65% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

FNV

Materials industry group

0.65%

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

GFI

Materials industry group

5.65%

GFI: 5.65%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Franco-Nevada (FNV) at 21.44% and Gold Fields (GFI) at 31.81% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

FNV

Materials industry group

21.44%

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

GFI

Materials industry group

31.81%

Max: 83.62%
Q3: 41.37%
GFI: 31.81%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Franco-Nevada (FNV) and Gold Fields (GFI)
Metric	FNV	GFI
Dividend Yield (TTM)	0.65%	5.65%
Dividend Payout Ratio (TTM)	21.44%	31.81%

Valuation

P/E Ratio (TTM)

Gold Fields (GFI) at 8.03 sits in the cheaper P/E ratio quartile, while Franco-Nevada (FNV) at 33.33 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

FNV

Materials industry group

33.33

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

GFI

Materials industry group

8.03

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
GFI: 8.03
Min: 3.93

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

P/S Ratio (TTM)

Gold Fields (GFI) at 3.05 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.

FNV

Materials industry group

21.37

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

GFI

Materials industry group

3.05

Max: 9.62
Q3: 4.34
GFI: 3.05
Median: 1.87
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: Franco-Nevada (FNV) at 5.97 sits in the upper P/B ratio quartile, and Gold Fields (GFI) at 7.78 prices even higher, above its industry range.

FNV

Materials industry group

5.97

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

GFI

Materials industry group

7.78

GFI: 7.78
Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Franco-Nevada (FNV) and Gold Fields (GFI)
Metric	FNV	GFI
P/E Ratio (TTM)	33.33	8.03
P/S Ratio (TTM)	21.37	3.05
P/B Ratio (MRQ)	5.97	7.78
Free Cash Flow Yield (TTM)	0.96%	12.05%