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FNV vs. RGLD: Franco-Nevada vs. Royal Gold Stock Comparison

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

Company profile comparison for Franco-Nevada (FNV) and Royal Gold (RGLD)
Profile ItemFNVRGLD
NameFranco-Nevada CorporationRoyal Gold, Inc.
Country/RegionCanadaUnited States
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryMetals & MiningMetals & Mining
GICS Sub-IndustryGoldGold
Market Capitalization49.17 billion USD22.47 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateDecember 7, 2007June 9, 1981
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FNV
RGLD
GSPC
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Franco-Nevada (FNV) vs. Royal Gold (RGLD), 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 Royal Gold (RGLD). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Franco-Nevada (FNV) and Royal Gold (RGLD)
MetricFNVRGLD
Total Return (1Y)37.48%60.60%
Total Return (3Y, Annualized)30.93%39.65%
Total Return (5Y, Annualized)13.51%23.26%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Franco-Nevada (FNV) and Royal Gold (RGLD)
MetricFNVRGLD
Volatility (1Y, Annualized)39.71%41.91%
Beta (5Y)0.280.39
Max Drawdown (5Y)-37.12%-40.73%
Avg. Volume (3M)716.56K667.01K

Risk-Adjusted Performance

Risk-Return Positioning

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FNV and RGLD 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 Royal Gold (RGLD)
MetricFNVRGLD
Sharpe Ratio (1Y)0.841.34
Sortino Ratio (1Y)1.192.00

Profitability

ROE (TTM)

Franco-Nevada (FNV) at 19.91% sits in the top ROE quartile, while Royal Gold (RGLD) at 15.03% 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%

RGLD

Materials industry group

15.03%

Max
52.88%
Q3
19.49%
RGLD
15.03%
Median
8.76%
Q1
-3.41%
Min
-32.81%
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both Franco-Nevada (FNV) at 64.23% and Royal Gold (RGLD) at 47.99% keep an unusually large share of revenue as bottom-line profit — each net margin clears its industry’s benchmark range.

FNV

Materials industry group

64.23%

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

RGLD

Materials industry group

47.99%

RGLD
47.99%
Max
38.66%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): 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 Royal Gold (RGLD) at 65.85% 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%

RGLD

Materials industry group

65.85%

Max
66.70%
RGLD
65.85%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Franco-Nevada (FNV) and Royal Gold (RGLD)
MetricFNVRGLD
ROE (TTM)19.91%15.03%
ROA (TTM)13.74%9.97%
Net Margin (TTM)64.23%47.99%
Operating Margin (TTM)76.98%65.85%
Gross Margin (TTM)92.09%86.63%

Growth

Revenue Growth

Both Franco-Nevada (FNV) at 63.69% and Royal Gold (RGLD) at 43.24% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

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

EPS Growth

Both Franco-Nevada (FNV) at 100.70% and Royal Gold (RGLD) at 32.74% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Franco-Nevada (FNV) and Royal Gold (RGLD)
MetricFNVRGLD
Revenue Growth (YoY)63.69%43.24%
Revenue Growth (3Y CAGR)11.48%19.54%
EPS Growth (YoY)100.70%32.74%
EPS Growth (3Y CAGR)16.42%22.60%

Financial Strength

Current Ratio (MRQ)

Royal Gold (RGLD) at 2.40 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

RGLD

Materials industry group

2.40

Max
5.96
Q3
3.30
RGLD
2.40
Median
2.24
Q1
1.45
Min
0.16
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Royal Gold (RGLD) carries debt-to-equity ratio of 0.02 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
--

RGLD

Materials industry group

0.02

Max
1.98
Q3
0.89
Median
0.47
Q1
0.13
RGLD
0.02
Min
0.00
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): FNV does not report debt-to-equity ratio, so it has no value marker; RGLD is benchmarked against the Materials industry group.

Financial Strength Metrics

Financial strength metrics for Franco-Nevada (FNV) and Royal Gold (RGLD)
MetricFNVRGLD
Current Ratio (MRQ)9.382.40
Debt / Equity (MRQ)--0.02
Net Debt / EBITDA-0.49-0.03

Dividends

Dividend Yield (TTM)

Both Franco-Nevada (FNV) at 0.65% and Royal Gold (RGLD) at 0.74% 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%

RGLD

Materials industry group

0.74%

Max
4.52%
Q3
1.85%
RGLD
0.74%
Median
0.38%
Q1
0.00%
Min
0.00%
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Franco-Nevada (FNV) at 21.44% and Royal Gold (RGLD) at 19.41% 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%

RGLD

Materials industry group

19.41%

Max
83.62%
Q3
41.37%
RGLD
19.41%
Median
9.54%
Q1
0.00%
Min
0.00%
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Franco-Nevada (FNV) and Royal Gold (RGLD)
MetricFNVRGLD
Dividend Yield (TTM)0.65%0.74%
Dividend Payout Ratio (TTM)21.44%19.41%

Valuation

P/E Ratio (TTM)

Royal Gold (RGLD) at 27.15 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.

FNV

Materials industry group

33.33

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

RGLD

Materials industry group

27.15

Max
59.00
Q3
32.93
RGLD
27.15
Median
18.82
Q1
11.96
Min
3.93
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both Franco-Nevada (FNV) at 21.37 and Royal Gold (RGLD) at 12.86 — each P/S ratio clears its industry’s benchmark 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

RGLD

Materials industry group

12.86

RGLD
12.86
Max
9.62
Q3
4.34
Median
1.87
Q1
0.73
Min
0.00
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Royal Gold (RGLD) at 2.91 is valued about in line with its industry on P/B ratio, while Franco-Nevada (FNV) at 5.97 carries an above-peer premium to book — FNV is pricier on assets.

FNV

Materials industry group

5.97

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

RGLD

Materials industry group

2.91

Max
6.59
Q3
3.55
RGLD
2.91
Median
2.08
Q1
1.26
Min
-0.17
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Franco-Nevada (FNV) vs. Royal Gold (RGLD): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Franco-Nevada (FNV) and Royal Gold (RGLD)
MetricFNVRGLD
P/E Ratio (TTM)33.3327.15
P/S Ratio (TTM)21.3712.86
P/B Ratio (MRQ)5.972.91
Free Cash Flow Yield (TTM)0.96%4.24%