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Coeur Mining vs Franco Nevada: CDE and FNV compared
Coeur Mining is the larger company: $984M of revenue in its latest quarter (Q3 2026) against $369M for Franco Nevada (Q2 2025). Coeur Mining is growing faster (+77% against +42% a year earlier). Franco Nevada is more profitable, with an operating margin of 82.8% against 17.7%.
Where the money goes: CDE and FNV
Coeur Mining (CDE) · Q3 2026
Coeur Mining, Q3 2026: revenue $984M (+77% year over year), operating margin 17.7%, net earnings $109M, operating cash flow $386M. The chart follows the revenue to costs, profit and cash.
Franco Nevada (FNV) · Q2 2025
Franco Nevada, Q2 2025: revenue $369M (+42% year over year), operating margin 82.8%, net earnings $247M, operating cash flow $430M. The chart follows the revenue to costs, profit and cash.
| Coeur Mining (CDE) | Franco Nevada (FNV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2025 |
| Revenue | $984M | $369M |
| Revenue growth, Y/Y | +77% | +42% |
| Gross margin | — | 73.6% |
| Operating margin | 17.7% | 82.8% |
| Net earnings | $109M | $247M |
| Net margin | 11.1% | 66.9% |
| Operating cash flow | $386M | $430M |
| Free cash flow | $240M | $430M |
| Market value | $15.9B | $49.2B |
| P/E | 16.3× | 44.2× |
| Analysts’ mean target | $21.95 | $282.36 |
Where the revenue comes from
Franco Nevada
- Revenue: $369M (100%)
- Basic: $1.3M (0%)
Questions
Which is bigger, Coeur Mining or Franco Nevada?
Coeur Mining is the larger company: $984M of revenue in its latest quarter (Q3 2026) against $369M for Franco Nevada (Q2 2025).
Is Coeur Mining or Franco Nevada growing faster?
Coeur Mining is growing faster (+77% against +42% a year earlier).
Which is more profitable, Coeur Mining or Franco Nevada?
Franco Nevada is more profitable, with an operating margin of 82.8% against 17.7%.
More: Coeur Mining earnings · how Coeur Mining makes money · Franco Nevada earnings · how Franco Nevada makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 6-K filed Aug 11, 2025). Fiscal quarters can end on different dates. Not investment advice.