Franco-Nevada Corporation vs NEWMONT CORPORATION, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both balance sheets are pristine, Franco-Nevada debt-free and Newmont at a token 0.14 turns, so the pair reduces to the sector's oldest argument at its cleanest: royalties at 58.5 times earnings against operations at 12.5. Newmont out-earns the royalty house on capital, 21.4% against 9.3% on equity, and out-yields it in cash, 8.8% against 4.5%, with the bigger displayed dividend. Franco's 54% net margin is the model's usual poetry. A 46-turn spread for insulation from the very cost base Newmont is currently managing well: the premium buys protection from a problem the cycle has suspended, priced as if the suspension were the anomaly. It might be; that is the whole trade.
Comparison updated 2026-07-10.
| Metric | FNV | NEM |
|---|---|---|
| Price | $215.28 | $96.09 |
| Market cap | $41.5B | $104.4B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| P/E | 58.5 | 12.5 |
| P/B | 5.43 | 2.98 |
| P/S | 31.63 | 4.18 |
| EV/EBITDA | 34.9 | 39.4 |
| Revenue growth | +4.0% | +26.8% |
| Gross margin | 73.6% | — |
| Operating margin | 82.8% | — |
| Net margin | 54.0% | 30.1% |
| Return on equity | 9.3% | 21.4% |
| Return on assets | 8.6% | 13.0% |
| Return on invested capital | 9.3% | — |
| FCF yield | 4.5% | 8.8% |
| Dividend yield | — | 1.0% |
| Debt / equity | 0.00 | 0.14 |
| Current ratio | 8.30 | 2.44 |
| Altman Z (solvency) | 6.65 | 3.50 |
| Piotroski F (quality) | 8 / 9 | 8 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.