PerpEquities

Equity

Franco-Nevada Corporation (FNV) perpetual futures

FNV perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FNVUSDT.

Franco-Nevada Corporation is a royalty and stream company focused on precious metals such as gold, silver and platinum group metals across the Americas, Australia, Europe and Africa.

$263.53-0.2%NYSE open
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Price chart

Interactive TradingView chart

TradingView symbol NYSE:FNV

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Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$53.7K
Open interest
$2.5K
Best liquidity
$51.2K
BingX
Tightest spread
+16.7 bps
BingX
Highest volume
$53.7K
BingX
Settlement mix
USDT · 1/1
Perp/spot vol.
0.04x
Spot volume $1.5M
OI / float
0.00%
Float $50.5B
Spot performance
1D+0.63%
5D-1.31%
1M-0.91%
6M+18.33%
YTD+27.04%
1Y+22.95%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeFNV-USDTTrading$263.53+11.0% APR
+0.010% every 8h
+16.7 bps$51.2K$53.7K$2.5KUSDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +36.0 bps

Cheapest execution: BingX · +36.0 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

FNV

Tightest spread

FNV

Highest volume

FNV

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$50.7B
Updated 1h ago
Revenue
$2.3B
Trailing 12 months
Revenue growth
+38%
Next fiscal year
Profit margin
+63.8%
P/E
34.3
Peer P/E 2.3
Free cash flow
$3.1B
Trailing 12 months
More metrics
Net income
$1.5B
Trailing 12 months
P/S
21.9
Peer P/E
2.3
Similar listed perps
Revenue estimate
$2.5B
Next fiscal year
Earnings
2026-11-02
Revenue est. $619.3M · Updated 1h ago
Dividend
$0.44
2026-09-10

Fundamental detail

Annual + quarterly
Latest revenue$1.8B
Net margin+61.0%
Free cash flow$1.5B
Net debt-$424.5M
2020$1B
2021$1.3B
2022$1.3B
2023$1.2B
2024$1.1B
2025$1.8B
PeriodRevenueGrowthNet incomeFCF
2020$1B+21%$326.2M$491.3M
2021$1.3B+27%$733.7M$194.9M
2022$1.3B+1%$700.6M$858M
2023$1.2B-7%-$466.4M$469.6M
2024$1.1B-9%$552.1M$421.5M
2025$1.8B+64%$1.1B$1.5B
PeriodGross marginOperating marginNet marginROEROA
2020+60.8%+33.0%+32.0%+6.0%+5.8%
2021+63.2%+60.9%+56.4%+12.2%+11.8%
2022+64.8%+62.3%+53.2%+10.9%+10.6%
2023+62.9%+60.6%-38.3%-8.1%-7.8%
2024+68.2%+65.1%+49.6%+9.2%+8.7%
2025+73.9%+71.4%+61.0%+14.6%+13.5%
PeriodCashDebtNet debtCurrent ratio
2020$534.2M$0-$534.2M12.48
2021$539.3M$0-$539.3M17.39
2022$1.2B$0-$1.2B27.55
2023$1.4B$0-$1.4B41.21
2024$1.5B$0-$1.5B25.43
2025$433.1M$8.6M-$424.5M8.30
PeriodMarket capEnterprise valueP/SP/E
2020$23.9B$23.3B23.469.6
2021$26.4B$25.9B20.335.8
2022$26.1B$24.9B19.938.9
2023$21.3B$19.9B17.5-45.6
2024$22.6B$21.2B20.341.0
2025$39.9B$39.5B21.935.3
Q3 2024$275.7M
Q4 2024$321M
Q1 2025$368.4M
Q2 2025$369.4M
Q3 2025$487.7M
Q4 2025$597.3M
Q1 2026$650.7M
Q2 2026$580.9M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$275.7M-11%$152.7M-$25.7M
Q4 2024$321M+6%$175.4M$238.2M
Q1 2025$368.4M+43%$209.8M-$219.5M
Q2 2025$369.4M+42%$247.1M-$930.6M
Q3 2025$487.7M+77%$287.5M$55.6M
Q4 2025$597.3M+86%$367.7M$2.6B
Q1 2026$650.7M+77%$468.6M$69.5M
Q2 2026$580.9M+57%$354M$401.8M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+68.8%+65.1%+55.4%+2.6%+2.4%
Q4 2024+70.6%+68.8%+54.6%+2.9%+2.8%
Q1 2025+71.0%+66.9%+56.9%+3.3%+3.2%
Q2 2025+73.6%+71.3%+66.9%+3.7%+3.5%
Q3 2025+72.5%+69.1%+59.0%+4.1%+3.8%
Q4 2025+77.1%+76.6%+61.6%+4.8%+4.5%
Q1 2026+80.9%+78.5%+72.0%+5.8%+5.3%
Q2 2026+77.6%+76.7%+60.9%+4.3%+4.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.3B$0-$1.3B23.39
Q4 2024$1.5B$0-$1.5B25.43
Q1 2025$1.1B$0-$1.1B22.90
Q2 2025$160.3M$10M-$150.6M4.25
Q3 2025$206.4M$8.5M-$197.9M4.64
Q4 2025$433.1M$8.6M-$424.5M8.30
Q1 2026$383.3M$0-$383.3M6.15
Q2 2026$1B$0-$1B9.38
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$23.9B$22.6B86.739.3
Q4 2024$22.6B$21.2B70.532.3
Q1 2025$30.3B$29.2B82.436.1
Q2 2025$31.6B$31.4B85.532.0
Q3 2025$43B$42.8B88.137.4
Q4 2025$40B$39.5B66.926.7
Q1 2026$47.6B$47.2B73.225.7
Q2 2026$40.3B$39.3B69.428.5

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$580.9MQ2 2026
$162.7M$325.4M$488M$650.7MQ3 2023: $309.5MQ4 2023: $303.3MQ1 2024: $256.8MQ2 2024: $260.1MQ3 2024: $275.7MQ4 2024: $321MQ1 2025: $368.4MQ2 2025: $369.4MQ3 2025: $487.7MQ4 2025: $597.3MQ1 2026: $650.7MQ2 2026: $580.9MQ3 2023Q2 2026
Net income$354MQ2 2026
-$619.7M-$257M$105.8M$468.6MQ3 2023: $175.1MQ4 2023: -$982.5MQ1 2024: $144.5MQ2 2024: $79.5MQ3 2024: $152.7MQ4 2024: $175.4MQ1 2025: $209.8MQ2 2025: $247.1MQ3 2025: $287.5MQ4 2025: $367.7MQ1 2026: $468.6MQ2 2026: $354MQ3 2023Q2 2026
EBITDA$543.6MQ2 2026
-$501.3M-$109.7M$282M$673.6MQ3 2023: $268.8MQ4 2023: -$892.9MQ1 2024: $230.8MQ2 2024: $228.3MQ3 2024: $249.8MQ4 2024: $280.4MQ1 2025: $338.7MQ2 2025: $380.5MQ3 2025: $450.2MQ4 2025: $553.6MQ1 2026: $673.6MQ2 2026: $543.6MQ3 2023Q2 2026
Free cash flow$401.8MQ2 2026
-$52.2M$826.3M$1.7B$2.6BQ3 2023: $70.6MQ4 2023: $198.9MQ1 2024: $31.3MQ2 2024: $177.7MQ3 2024: -$25.7MQ4 2024: $238.2MQ1 2025: -$219.5MQ2 2025: -$930.6MQ3 2025: $55.6MQ4 2025: $2.6BQ1 2026: $69.5MQ2 2026: $401.8MQ3 2023Q2 2026
EPS$1.83Q2 2026
-$3.34-$1.43$0.48$2.39Q3 2023: $0.9Q4 2023: -$5.25Q1 2024: $0.75Q2 2024: $0.41Q3 2024: $0.79Q4 2024: $0.91Q1 2025: $1.09Q2 2025: $1.28Q3 2025: $1.49Q4 2025: $1.94Q1 2026: $2.39Q2 2026: $1.83Q3 2023Q2 2026
Cash / Debt$1BQ2 2026
$362.8M$725.7M$1.1B$1.5BQ3 2023 · Cash: $1.3BQ3 2023 · Debt: $0Q4 2023 · Cash: $1.4BQ4 2023 · Debt: $0Q1 2024 · Cash: $1.4BQ1 2024 · Debt: $0Q2 2024 · Cash: $1.4BQ2 2024 · Debt: $0Q3 2024 · Cash: $1.3BQ3 2024 · Debt: $0Q4 2024 · Cash: $1.5BQ4 2024 · Debt: $0Q1 2025 · Cash: $1.1BQ1 2025 · Debt: $0Q2 2025 · Cash: $160.3MQ2 2025 · Debt: $10MQ3 2025 · Cash: $206.4MQ3 2025 · Debt: $8.5MQ4 2025 · Cash: $433.1MQ4 2025 · Debt: $8.6MQ1 2026 · Cash: $383.3MQ1 2026 · Debt: $0Q2 2026 · Cash: $1BQ2 2026 · Debt: $0Q3 2023Q2 2026
CashDebt
Profitability+77.6%Q2 2026
-224.0%-122.4%-20.7%+80.9%Q3 2023 · Gross margin: +62.2%Q4 2023 · Gross margin: +62.4%Q1 2024 · Gross margin: +64.3%Q2 2024 · Gross margin: +68.5%Q3 2024 · Gross margin: +68.8%Q4 2024 · Gross margin: +70.6%Q1 2025 · Gross margin: +71.0%Q2 2025 · Gross margin: +73.6%Q3 2025 · Gross margin: +72.5%Q4 2025 · Gross margin: +77.1%Q1 2026 · Gross margin: +80.9%Q2 2026 · Gross margin: +77.6%Q3 2023 · Operating margin: +60.4%Q4 2023 · Operating margin: -325.6%Q1 2024 · Operating margin: +61.6%Q2 2024 · Operating margin: +65.0%Q3 2024 · Operating margin: +65.1%Q4 2024 · Operating margin: +68.8%Q1 2025 · Operating margin: +66.9%Q2 2025 · Operating margin: +71.3%Q3 2025 · Operating margin: +69.1%Q4 2025 · Operating margin: +76.6%Q1 2026 · Operating margin: +78.5%Q2 2026 · Operating margin: +76.7%Q3 2023 · Net margin: +56.6%Q4 2023 · Net margin: -323.9%Q1 2024 · Net margin: +56.3%Q2 2024 · Net margin: +30.6%Q3 2024 · Net margin: +55.4%Q4 2024 · Net margin: +54.6%Q1 2025 · Net margin: +56.9%Q2 2025 · Net margin: +66.9%Q3 2025 · Net margin: +59.0%Q4 2025 · Net margin: +61.6%Q1 2026 · Net margin: +72.0%Q2 2026 · Net margin: +60.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+57.3%Q2 2026
+13.3%+37.6%+61.8%+86.1%Q3 2024: -10.9%Q4 2024: +5.8%Q1 2025: +43.5%Q2 2025: +42.0%Q3 2025: +76.9%Q4 2025: +86.1%Q1 2026: +76.6%Q2 2026: +57.3%Q3 2023Q2 2026
Shares outstanding193.3MQ2 2026
48.3M96.7M145M193.3MQ3 2023: 192.4MQ4 2023: 192.2MQ1 2024: 192.4MQ2 2024: 192.5MQ3 2024: 192.5MQ4 2024: 192.6MQ1 2025: 192.9MQ2 2025: 193MQ3 2025: 193MQ4 2025: 192.8MQ1 2026: 193.2MQ2 2026: 193.3MQ3 2023Q2 2026
Valuation28.5Q2 2026
18.742.766.690.6Q3 2023 · P/E: 37.1Q4 2023 · P/E: -5.3Q1 2024 · P/E: 40.4Q2 2024 · P/E: 71.6Q3 2024 · P/E: 39.3Q4 2024 · P/E: 32.3Q1 2025 · P/E: 36.1Q2 2025 · P/E: 32.0Q3 2025 · P/E: 37.4Q4 2025 · P/E: 26.7Q1 2026 · P/E: 25.7Q2 2026 · P/E: 28.5Q3 2023 · P/S: 82.9Q4 2023 · P/S: 70.2Q1 2024 · P/S: 90.6Q2 2024 · P/S: 86.8Q3 2024 · P/S: 86.7Q4 2024 · P/S: 70.5Q1 2025 · P/S: 82.4Q2 2025 · P/S: 85.5Q3 2025 · P/S: 88.1Q4 2025 · P/S: 66.9Q1 2026 · P/S: 73.2Q2 2026 · P/S: 69.4Q3 2023Q2 2026
P/EP/S
Revenue$1.8B2025
$455.7M$911.4M$1.4B$1.8B2018: $653.2M2019: $844.1M2020: $1B2021: $1.3B2022: $1.3B2023: $1.2B2024: $1.1B2025: $1.8B20182025
Net income$1.1B2025
-$71.8M$322.9M$717.5M$1.1B2018: $139M2019: $344.1M2020: $326.2M2021: $733.7M2022: $700.6M2023: -$466.4M2024: $552.1M2025: $1.1B20182025
EBITDA$1.7B2025
$362.5M$816M$1.3B$1.7B2018: $438.3M2019: $676.7M2020: $580.9M2021: $1.2B2022: $1.1B2023: -$91M2024: $989.3M2025: $1.7B20182025
Free cash flow$1.5B2025
-$14M$486.9M$987.8M$1.5B2018: -$514.8M2019: $172.5M2020: $491.3M2021: $194.9M2022: $858M2023: $469.6M2024: $421.5M2025: $1.5B20182025
EPS$5.862025
-$0.36$1.72$3.79$5.862018: $0.752019: $1.872020: $1.82021: $3.82022: $3.512023: -$2.432024: $2.872025: $5.8620182025
Cash / Debt$433.1M2025
$362.8M$725.7M$1.1B$1.5B2018 · Cash: $69.7M2018 · Debt: $207.6M2019 · Cash: $132.1M2019 · Debt: $82.6M2020 · Cash: $534.2M2020 · Debt: $02021 · Cash: $539.3M2021 · Debt: $02022 · Cash: $1.2B2022 · Debt: $02023 · Cash: $1.4B2023 · Debt: $02024 · Cash: $1.5B2024 · Debt: $02025 · Cash: $433.1M2025 · Debt: $8.6M20182025
CashDebt
Profitability+73.9%2025
-10.2%+17.8%+45.9%+73.9%2018 · Gross margin: +44.0%2019 · Gross margin: +51.7%2020 · Gross margin: +60.8%2021 · Gross margin: +63.2%2022 · Gross margin: +64.8%2023 · Gross margin: +62.9%2024 · Gross margin: +68.2%2025 · Gross margin: +73.9%2018 · Operating margin: +28.9%2019 · Operating margin: +48.6%2020 · Operating margin: +33.0%2021 · Operating margin: +60.9%2022 · Operating margin: +62.3%2023 · Operating margin: +60.6%2024 · Operating margin: +65.1%2025 · Operating margin: +71.4%2018 · Net margin: +21.3%2019 · Net margin: +40.8%2020 · Net margin: +32.0%2021 · Net margin: +56.4%2022 · Net margin: +53.2%2023 · Net margin: -38.3%2024 · Net margin: +49.6%2025 · Net margin: +61.0%20182025
Gross marginOperating marginNet margin
Revenue growth+63.7%2025
+9.4%+27.5%+45.6%+63.7%2019: +29.2%2020: +20.9%2021: +27.4%2022: +1.2%2023: -7.3%2024: -8.6%2025: +63.7%20182025
Shares outstanding193M2025
48.3M96.5M144.8M193M2018: 185.5M2019: 188M2020: 190.7M2021: 191.5M2022: 191.9M2023: 192M2024: 192.6M2025: 193M20182025
Valuation35.32025
-10.824.058.893.62018 · P/E: 93.62019 · P/E: 54.92020 · P/E: 69.62021 · P/E: 35.82022 · P/E: 38.92023 · P/E: -45.62024 · P/E: 41.02025 · P/E: 35.32018 · P/S: 19.92019 · P/S: 23.02020 · P/S: 23.42021 · P/S: 20.32022 · P/S: 19.92023 · P/S: 17.52024 · P/S: 20.32025 · P/S: 21.920182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-02
Revenue est. $619.3M · Updated 1h ago
Dividend
$0.44
2026-09-10

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.40$2.5B+38%7
FY 20279.38$2.9B+58%7
FY 202810.32$3B+62%3
FY 20298.89$2.9B+57%1
FY 20309.88$2.7B+47%1
Q1 20272.28$750.4M+15%1

Company events

6
2026-11-02EarningsActual - / Estimate 2-
2026-09-10Dividend$0.44-
2026-08-11EarningsActual 1.81 / Estimate 1.95Miss
2026-06-11Dividend$0.44-
2026-05-12EarningsActual 2.38 / Estimate 2.09Beat
2026-03-12Dividend$0.44-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering FNV have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings58235
Analysts1315
Buy / hold / sell36 / 22 / 0107 / 128 / 0
Upgrades / downgrades / initiations5 / 2 / 08 / 6 / 3
Price targets hit / missed23 / 33 (41%)196 / 33 (86%)
Avg. return after a rating (TipRanks)-2.1%+52.0%
Best / worst call+69.2% / -24.9%+163.6% / -24.9%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
May 20, 2026Derick MaTD CowenBuyUpgraded$291
May 18, 2026Josh WolfsonRBC CapitalBuyMaintained$320
May 14, 2026Lawson WinderBank of America SecuritiesHoldMaintained$275
May 14, 2026Ingrid RicoStifel NicolausBuyMaintained$275
May 13, 2026Tanya JakusconekScotiabankHoldMaintained$286

TipRanks data via FMP · computed Sep 22, 2026 · 58 ratings

Frequently asked questions

Where can I trade FNV perpetual futures?

Franco-Nevada Corporation (FNV) perpetual futures trade on 1 crypto venues, including BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FNV around the clock?

Yes. Unlike the underlying stock, FNV perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on FNV perpetuals?

Right now the FNV perp funding rate is +11.0% annualized (venue median), ranging from +11.0% to +11.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FNV perp price compare to the Franco-Nevada Corporation stock?

The venue-median FNV perp mark is $263.5 versus a reference stock price of $263.5, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a FNV perpetual future?

A FNV perpetual is a derivative that tracks the price of Franco-Nevada Corporation with no expiry date. It lets you take long or short exposure to Franco-Nevada Corporation on crypto venues, around the clock.

What is FNVUSDT perpetual?

FNVUSDT is the symbol most crypto exchanges use for the Franco-Nevada Corporation perpetual settled in USDT (Tether). It tracks the FNV share price through an index, trades 24/7 with leverage and never expires.

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