Filing Flows › Franco Nevada (FNV) › Q2 2025 › vs Q2 2024
Franco Nevada (FNV) Q2 2025 vs Q2 2024 (year over year)
Franco Nevada's revenue rose $109M (+42%) from $260M in Q2 2024 to $369M in Q2 2025. The biggest changes: Revenue +$109M (+42%); Basic +$870K (+212%). Gross margin 73.6% against 68.5% (+5.1 pts).
Franco Nevada, Q2 2025: revenue $369M (+42% year over year), operating margin 82.8%, net earnings $247M, operating cash flow $430M. The chart draws each line against Q2 2024, the increases inside each band.
Margins
| Q2 2025 | Q2 2024 | Change | |
|---|---|---|---|
| Gross margin | 73.6% | 68.5% | +5.1 pts |
| Operating margin | 82.8% | 65.0% | +17.8 pts |
| Net margin | 66.9% | 30.6% | +36.3 pts |
Every line
| Line | Q2 2025 | Q2 2024 | Change | % |
|---|---|---|---|---|
| Revenue | $369M | $260M | $109M | +42% |
| Basic | $1.3M | $410K | $870K | +212% |
| Revenue | $369M | $260M | $109M | +42% |
| Gross profit | $272M | $178M | $93.8M | +53% |
| Cost of revenue | $97.5M | $82.0M | $15.5M | +19% |
| Other income, net | $9.9M | $5.8M | $4.1M | +71% |
| Operating profit | $306M | $169M | $137M | +81% |
| Pre-tax earnings | $316M | $175M | $141M | +81% |
| Net earnings | $247M | $79.5M | $168M | +211% |
| Income tax | $68.6M | $95.3M | −$26.7M | -28% |
| Depreciation & amortization | $64.0M | $52.9M | $11.1M | +21% |
| Share-based compensation | $1.0M | $1.5M | −$500K | -33% |
| Working capital & other | $118M | $60.4M | $57.8M | +96% |
| Operating cash flow | $430M | $194M | $236M | +121% |
Questions
How much did Franco Nevada's revenue grow year over year in Q2 2025?
Franco Nevada's revenue rose $109M (+42%) from $260M in Q2 2024 to $369M in Q2 2025.
What drove Franco Nevada's revenue change in Q2 2025?
Revenue +$109M (+42%); Basic +$870K (+212%).