FNV vs. LIN: Franco-Nevada vs. Linde Stock Comparison

November 11, 2026

How do Franco-Nevada (FNV) and Linde (LIN) 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 Linde (LIN) both fall under the Materials industry group, but FNV is classified in Metals & Mining while LIN is classified in Chemicals.

Company profile comparison for Franco-Nevada (FNV) and Linde (LIN)
Profile Item	FNV	LIN
Name	Franco-Nevada Corporation	Linde plc
Country/Region	Canada	United Kingdom
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Chemicals
GICS Sub-Industry	Gold	Industrial Gases
Market Capitalization	49.17 billion USD	236.54 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	December 7, 2007	June 17, 1992
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FNV

LIN

GSPC

Franco-Nevada (FNV) vs. Linde (LIN), 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

Loading price history…

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

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Franco-Nevada (FNV) and Linde (LIN)
Metric	FNV	LIN
Total Return (1Y)	37.48%	25.64%
Total Return (3Y, Annualized)	30.93%	11.48%
Total Return (5Y, Annualized)	13.51%	10.50%

Risk Profile

Drawdown History

FNV

LIN

GSPC

Franco-Nevada (FNV) vs. Linde (LIN), 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

Loading price history…

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

Risk Metrics

Risk profile metrics for Franco-Nevada (FNV) and Linde (LIN)
Metric	FNV	LIN
Volatility (1Y, Annualized)	39.71%	19.00%
Beta (5Y)	0.28	0.67
Max Drawdown (5Y)	-37.12%	-22.82%
Avg. Volume (3M)	716.56K	2.05M

Risk-Adjusted Performance

Risk-Return Positioning

FNV and LIN 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 Linde (LIN)
Metric	FNV	LIN
Sharpe Ratio (1Y)	0.84	1.12
Sortino Ratio (1Y)	1.19	1.65

Profitability

ROE (TTM)

Franco-Nevada (FNV) at 19.91% sits in the top ROE quartile, while Linde (LIN) at 17.72% is closer to the peer norm — stronger capital efficiency for FNV.

FNV

Materials industry group

19.91%

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

LIN

Materials industry group

17.72%

Max: 52.88%
Q3: 19.49%
LIN: 17.72%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Franco-Nevada (FNV) vs. Linde (LIN): 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 Linde (LIN) at 19.34% 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%

LIN

Materials industry group

19.34%

Max: 38.66%
LIN: 19.34%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Franco-Nevada (FNV) vs. Linde (LIN): 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 Linde (LIN) at 27.97% operates around its industry’s norm.

FNV

Materials industry group

76.98%

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

LIN

Materials industry group

27.97%

Max: 66.70%
Q3: 28.92%
LIN: 27.97%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Franco-Nevada (FNV) and Linde (LIN)
Metric	FNV	LIN
ROE (TTM)	19.91%	17.72%
ROA (TTM)	13.74%	7.17%
Net Margin (TTM)	64.23%	19.34%
Operating Margin (TTM)	76.98%	27.97%
Gross Margin (TTM)	92.09%	47.86%

Growth

Revenue Growth

Franco-Nevada (FNV) at 63.69% sits in the top revenue growth quartile, while Linde (LIN) at 2.97% is closer to the peer norm — faster top-line expansion for FNV.

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

EPS Growth

Both Franco-Nevada (FNV) at 100.70% and Linde (LIN) at 7.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Franco-Nevada (FNV) and Linde (LIN)
Metric	FNV	LIN
Revenue Growth (YoY)	63.69%	2.97%
Revenue Growth (3Y CAGR)	11.48%	0.62%
EPS Growth (YoY)	100.70%	7.27%
EPS Growth (3Y CAGR)	16.42%	21.08%

Financial Strength

Current Ratio (MRQ)

Franco-Nevada (FNV) at 9.38 carries current ratio above its industry’s typical mid-range, while Linde (LIN) at 0.86 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

FNV

Materials industry group

9.38

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

LIN

Materials industry group

0.86

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
LIN: 0.86
Min: 0.16

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

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Linde (LIN) carries debt-to-equity ratio of 0.65 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: --

LIN

Materials industry group

0.65

Max: 1.98
Q3: 0.89
LIN: 0.65
Median: 0.47
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Franco-Nevada (FNV) and Linde (LIN)
Metric	FNV	LIN
Current Ratio (MRQ)	9.38	0.86
Debt / Equity (MRQ)	--	0.65
Net Debt / EBITDA	-0.49	1.65

Dividends

Dividend Yield (TTM)

Both Franco-Nevada (FNV) at 0.65% and Linde (LIN) at 1.21% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

FNV

Materials industry group

0.65%

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

LIN

Materials industry group

1.21%

Max: 4.52%
Q3: 1.85%
LIN: 1.21%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Franco-Nevada (FNV) at 21.44% pays out a band-typical share of earnings, while Linde (LIN) at 41.83% distributes more than its industry norm — less retained, thinner cover.

FNV

Materials industry group

21.44%

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

LIN

Materials industry group

41.83%

Max: 83.62%
LIN: 41.83%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Franco-Nevada (FNV) and Linde (LIN)
Metric	FNV	LIN
Dividend Yield (TTM)	0.65%	1.21%
Dividend Payout Ratio (TTM)	21.44%	41.83%

Valuation

P/E Ratio (TTM)

Both Franco-Nevada (FNV) at 33.33 and Linde (LIN) at 34.21 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

FNV

Materials industry group

33.33

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

LIN

Materials industry group

34.21

Max: 59.00
LIN: 34.21
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

Both look expensive on sales: Linde (LIN) at 6.53 sits in the upper P/S ratio quartile, and Franco-Nevada (FNV) at 21.37 prices even higher, above its industry range.

FNV

Materials industry group

21.37

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

LIN

Materials industry group

6.53

Max: 9.62
LIN: 6.53
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

Both Franco-Nevada (FNV) at 5.97 and Linde (LIN) at 6.00 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

FNV

Materials industry group

5.97

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

LIN

Materials industry group

6.00

Max: 6.59
LIN: 6.00
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Franco-Nevada (FNV) and Linde (LIN)
Metric	FNV	LIN
P/E Ratio (TTM)	33.33	34.21
P/S Ratio (TTM)	21.37	6.53
P/B Ratio (MRQ)	5.97	6.00
Free Cash Flow Yield (TTM)	0.96%	1.77%