FNV vs. RS: Franco-Nevada vs. Reliance Stock Comparison

November 11, 2026

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

Company profile comparison for Franco-Nevada (FNV) and Reliance (RS)
Profile Item	FNV	RS
Name	Franco-Nevada Corporation	Reliance, Inc.
Country/Region	Canada	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Steel
Market Capitalization	49.17 billion USD	21.24 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 7, 2007	September 16, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FNV

GSPC

Franco-Nevada (FNV) vs. Reliance (RS), 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 Reliance (RS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Franco-Nevada (FNV) and Reliance (RS)
Metric	FNV	RS
Total Return (1Y)	37.48%	54.53%
Total Return (3Y, Annualized)	30.93%	18.36%
Total Return (5Y, Annualized)	13.51%	22.28%

Risk Profile

Drawdown History

FNV

GSPC

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

Risk Metrics

Risk profile metrics for Franco-Nevada (FNV) and Reliance (RS)
Metric	FNV	RS
Volatility (1Y, Annualized)	39.71%	25.64%
Beta (5Y)	0.28	0.97
Max Drawdown (5Y)	-37.12%	-22.32%
Avg. Volume (3M)	716.56K	311.43K

Risk-Adjusted Performance

Risk-Return Positioning

FNV and RS 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 Reliance (RS)
Metric	FNV	RS
Sharpe Ratio (1Y)	0.84	1.96
Sortino Ratio (1Y)	1.19	2.92

Profitability

ROE (TTM)

Franco-Nevada (FNV) at 19.91% sits in the top ROE quartile, while Reliance (RS) at 14.75% 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%

RS

Materials industry group

14.75%

Max: 52.88%
Q3: 19.49%
RS: 14.75%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Franco-Nevada (FNV) at 64.23% converts revenue to bottom-line profit above its industry’s benchmark range, while Reliance (RS) at 6.38% keeps roughly the typical share for its industry.

FNV

Materials industry group

64.23%

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

RS

Materials industry group

6.38%

Max: 38.66%
Q3: 15.98%
RS: 6.38%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Franco-Nevada (FNV) vs. Reliance (RS): 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 Reliance (RS) at 10.63% 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%

RS

Materials industry group

10.63%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
RS: 10.63%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Franco-Nevada (FNV) and Reliance (RS)
Metric	FNV	RS
ROE (TTM)	19.91%	14.75%
ROA (TTM)	13.74%	8.83%
Net Margin (TTM)	64.23%	6.38%
Operating Margin (TTM)	76.98%	10.63%
Gross Margin (TTM)	92.09%	28.17%

Growth

Revenue Growth

Franco-Nevada (FNV) at 63.69% sits in the top revenue growth quartile, while Reliance (RS) at 3.32% is closer to the peer norm — faster top-line expansion for FNV.

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

EPS Growth

Both Franco-Nevada (FNV) at 100.70% and Reliance (RS) at -10.15% 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. Reliance (RS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Franco-Nevada (FNV) and Reliance (RS)
Metric	FNV	RS
Revenue Growth (YoY)	63.69%	3.32%
Revenue Growth (3Y CAGR)	11.48%	-5.66%
EPS Growth (YoY)	100.70%	-10.15%
EPS Growth (3Y CAGR)	16.42%	-22.40%

Financial Strength

Current Ratio (MRQ)

Both Franco-Nevada (FNV) at 9.38 and Reliance (RS) at 4.12 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

FNV

Materials industry group

9.38

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

RS

Materials industry group

4.12

Max: 5.96
RS: 4.12
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Reliance (RS) carries debt-to-equity ratio of 0.25 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: --

RS

Materials industry group

0.25

Max: 1.98
Q3: 0.89
Median: 0.47
RS: 0.25
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Franco-Nevada (FNV) and Reliance (RS)
Metric	FNV	RS
Current Ratio (MRQ)	9.38	4.12
Debt / Equity (MRQ)	--	0.25
Net Debt / EBITDA	-0.49	0.93

Dividends

Dividend Yield (TTM)

Both Franco-Nevada (FNV) at 0.65% and Reliance (RS) at 1.20% 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%

RS

Materials industry group

1.20%

Max: 4.52%
Q3: 1.85%
RS: 1.20%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Franco-Nevada (FNV) at 21.44% and Reliance (RS) at 23.08% 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%

RS

Materials industry group

23.08%

Max: 83.62%
Q3: 41.37%
RS: 23.08%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Franco-Nevada (FNV) and Reliance (RS)
Metric	FNV	RS
Dividend Yield (TTM)	0.65%	1.20%
Dividend Payout Ratio (TTM)	21.44%	23.08%

Valuation

P/E Ratio (TTM)

Reliance (RS) at 19.44 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

RS

Materials industry group

19.44

Max: 59.00
Q3: 32.93
RS: 19.44
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

Reliance (RS) at 1.22 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

RS

Materials industry group

1.22

Max: 9.62
Q3: 4.34
Median: 1.87
RS: 1.22
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

Reliance (RS) at 2.75 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

RS

Materials industry group

2.75

Max: 6.59
Q3: 3.55
RS: 2.75
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Franco-Nevada (FNV) and Reliance (RS)
Metric	FNV	RS
P/E Ratio (TTM)	33.33	19.44
P/S Ratio (TTM)	21.37	1.22
P/B Ratio (MRQ)	5.97	2.75
Free Cash Flow Yield (TTM)	0.96%	1.19%