Filing Flows › Franco Nevada (FNV) › Q4 2024
Franco Nevada (FNV) Q4 2024 earnings results (fourth quarter 2024)
6-K filed Mar 10, 2025
Franco Nevada (FNV) reported revenue of $321M for the fourth quarter 2024 (Q4 2024), +6% from a year earlier. Operating margin was 67.7%, net earnings $175M (54.6% of revenue).
Franco Nevada, Q4 2024: revenue $321M (+6% year over year), operating margin 67.7%, net earnings $175M, operating cash flow $243M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $321M | — | +6% |
| Gross profit | $227M | — | +20% |
| Operating profit | $217M | — | — |
| Net earnings | $175M | — | — |
| Operating cash flow | $243M | — | -14% |
| Free cash flow | $243M | — | -14% |
What changed
Revenue was $321.0M in Q4 2024, up 6% year over year.
Gross margin was 70.6%, up 8.2 points from a year earlier. Operating profit was $217.4M, a 67.7% margin (up 393.3 points year over year). Operating expenses fell 99% while revenue rose 6%. The fastest-growing cost line was General & admin (+46%). Net earnings were $175.4M. The effective tax rate was 21.1%.
Operating cash flow was $243.0M (down 14% year over year), 139% of net earnings. Working capital and other items added $67.6M. Capital expenditures of $100K left free cash flow of $242.9M.
Questions
What was Franco Nevada's revenue in the fourth quarter 2024?
Franco Nevada (FNV) reported revenue of $321M for the fourth quarter 2024 (Q4 2024), +6% from a year earlier.
Was Franco Nevada profitable in the fourth quarter 2024?
Operating profit was $217M (67.7% of revenue) and net earnings $175M.
Source: Franco Nevada 6-K on SEC EDGAR.