OR Royalties or Franco-Nevada: Which Stock Has More Upside?
Franco-Nevada fell -10% during the past Week. You may be tempted to buy more, or may want to reduce your exposure. But there is an entirely different perspective you might be missing. Is there a better alternative? Turns out, its peer OR Royalties gives you more. OR Royalties (OR) stock offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs Franco-Nevada (FNV) stock, suggesting you may be better off investing in OR
- OR’s quarterly revenue growth was 87.3%, vs. FNV’s 76.6%.
- In addition, its Last 3-Year Average revenue growth came in at 26.5%, ahead of FNV’s 23.2%.
- OR’s LTM margin is higher: 75.0% vs. FNV’s 74.5%.
These differences become even clearer when you look at the financials side by side. The table highlights how FNV’s fundamentals stack up against those of OR on growth, margins, momentum, and valuation multiples.
Valuation & Performance Overview
| FNV | OR | Preferred | |
|---|---|---|---|
| Valuation | |||
| P/EBIT Ratio | 26.1 | 25.4 | OR |
| Revenue Growth | |||
| Last Quarter | 76.6% | 87.3% | OR |
| Last 12 Months | 71.8% | 61.8% | FNV |
| Last 3 Year Average | 23.2% | 26.5% | OR |
| Operating Margins | |||
| Last 12 Months | 74.5% | 75.0% | OR |
| Last 3 Year Average | 67.3% | 61.8% | FNV |
| Momentum | |||
| Last 3 Year Return | 50.0% | 112.0% | OR |
Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See detailed fundamentals on Buy or Sell OR Stock and Buy or Sell FNV Stock. Below we compare market return and related metrics across years.
Historical Market Performance
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | Avg | Best | |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| FNV Return | 11% | -0% | -18% | 7% | 78% | 4% | 80% | ||
| OR Return | -2% | 0% | 20% | 28% | 97% | -4% | 183% | <=== | |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% | ||
| Monthly Win Rates [3] | |||||||||
| FNV Win Rate | 50% | 33% | 33% | 50% | 58% | 50% | 46% | ||
| OR Win Rate | 42% | 50% | 42% | 58% | 83% | 50% | 54% | ||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | 62% | <=== | |
| Max Drawdowns [4] | |||||||||
| FNV Max Drawdown | -21% | -33% | -35% | -17% | -17% | -23% | -25% | ||
| OR Max Drawdown | -26% | -35% | -34% | -15% | -24% | -31% | -28% | ||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | -13% | <=== | |
[1] Cumulative total returns since the beginning of 2021
[2] 2026 data is for the year up to 6/9/2026 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read OR Dip Buyer Analyses to see how the stock has fallen and recovered in the past.
Still not sure about FNV or OR? Consider portfolio approach.
Portfolios Beat Stock Picking
Individual stocks are unpredictable. A smart portfolio helps you invest, limits downside shocks, and provides upside exposure.
Why settle for average market returns? The Trefis High Quality (HQ) Portfolio invests in a diverse group of 30 stocks that have collectively delivered stronger upside with reduced volatility compared to the broader indices. Discover the methodology behind these smoother, higher returns by checking the HQ Portfolio performance data.