Saturday 17 October 2026
Export WPM’s income statement to Excel — free account
Wheaton Precious Metals Corp.
WPM Basic Materials Gold
Wheaton Precious Metals Corp.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 80.2% from fiscal 2024. In the quarter to June 2026, revenue grew 84.7%, EPS grew 87.5% and free cash flow fell 5,848.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years, operating cash flow growth for three.
133.78
0.62
+0.47%
Follow WPM
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
36.27 | 48.48 | 40.70 | 27.23 | 25.55 | 36.94 | 156.58 | 20.24 | 171.54 | 44.04 |
Piotroski F-Score |
7 | 7 | 5 | 5 | 8 | 8 | 6 | 4 | 6 | 6 |
P/S ratio |
23.05 | 19.85 | 21.58 | 17.20 | 16.08 | 17.08 | 15.41 | 10.91 | 11.69 | 9.57 |
Altman Z-Score |
75.21 | 93.98 | 294.65 | 251.85 | 252.97 | 47.26 | 9.02 | 4.62 | 8.16 | 4.76 |
Altman Z″-Score (non-manufacturers) |
24.56 | 49.09 | 163.10 | 169.59 | 144.72 | 26.56 | 7.09 | 5.32 | 7.80 | 5.47 |
P/FCF ratio |
94.64 | 63.86 | 165.28 | 25.38 | 42.56 | 24.48 | 26.07 | 0.00 | 18.32 | 0.00 |
P/Operating CF |
71.48 | 79.83 | 90.53 | 106.50 | 98.95 | 90.06 | 100.63 | 79.84 | 59.70 | 48.84 |
Beneish M-Score |
0.60 | (3.49) | 0.24 | (2.66) | (1.42) | 3.79 | (0.74) | (2.82) | (2.17) | (1.48) |
P/B ratio |
6.14 | 3.51 | 3.14 | 2.73 | 3.09 | 3.28 | 2.49 | 1.67 | 2.01 | 1.73 |
Dividend Safety Score |
79 | — | — | — | — | — | — | — | — | — |
Price to Tangible BV |
6.14 | 3.51 | 3.14 | 2.73 | 3.09 | 3.28 | 2.49 | 1.67 | 2.01 | 1.73 |
EV/Sales |
22.55 | 19.22 | 21.05 | 16.55 | 15.90 | 17.09 | 16.30 | 12.40 | 12.48 | 10.77 |
EV/EBITDA |
27.66 | 25.25 | 29.66 | 23.92 | 22.35 | 24.46 | 25.52 | 19.79 | 18.61 | 15.90 |
EV/Operating CF |
27.40 | 24.03 | 28.49 | 23.71 | 22.60 | 24.47 | 27.99 | 20.63 | 19.54 | 16.43 |
EV/FCF |
92.61 | 61.83 | 161.21 | 24.42 | 42.07 | 24.48 | 27.59 | (23.32) | 19.56 | (43.60) |
Quick Ratio |
7.76 | 27.94 | 21.57 | 22.99 | 8.00 | 6.37 | 1.72 | 2.71 | 8.38 | 6.64 |
Current Ratio |
7.78 | 28.07 | 21.76 | 23.44 | 8.41 | 6.48 | 2.39 | 2.76 | 8.52 | 6.72 |
Net Debt/EBITDA |
(0.61) | (0.84) | (0.76) | (0.94) | (0.26) | 0.00 | 1.40 | 2.39 | 1.19 | 1.77 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.27% | 13.93% | 19.54% | 13.55% | 19.39% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.16 | 0.24 | 0.16 | 0.24 |
Asset Turnover |
0.28 | 0.18 | 0.15 | 0.16 | 0.20 | 0.18 | 0.14 | 0.13 | 0.14 | 0.15 |
Operating CF/Net income |
1.29 | 1.94 | 1.40 | 1.11 | 1.12 | 1.51 | 5.82 | 1.12 | 9.34 | 2.99 |
Capex/Depreciation |
(4.40) | (2.54) | (2.88) | (0.09) | (1.52) | 0.00 | 0.03 | (3.55) | 0.00 | (2.60) |
Interest Coverage |
274.59 | 131.50 | 91.70 | 90.10 | 102.79 | 31.10 | 5.98 | 5.93 | 9.95 | 12.15 |
| 18.45% | 7.43% | 7.85% | 10.32% | 12.62% | 9.20% | 1.64% | 8.48% | 1.17% | 4.29% | |
| 17.78% | 7.32% | 7.80% | 10.25% | 12.32% | 8.30% | 1.35% | 7.03% | 0.97% | 3.31% | |
ROIC |
13.12% | 7.08% | 4.90% | 5.22% | 6.20% | 5.68% | 2.99% | 2.40% | 3.39% | 3.06% |
Return on Tangible Assets |
17.23% | 7.27% | 8.00% | 90.46% | 290.02% | 238.14% | 1.47% | 6.84% | 1.04% | 3.23% |
Average Days of Receivables |
7.37 | 1.77 | 5.75 | 3.49 | 3.52 | 1.96 | 3.02 | 1.10 | 1.38 | 0.95 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.42% | 4.98% | 5.99% | 5.25% | 4.53% | 5.99% | 6.33% | 6.50% | 4.11% | 3.86% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.40% | 1.81% | 0.63% | 1.88% | 0.19% | 1.35% | 1.57% | 1.88% | 0.62% | 0.17% |
Graham Net Nets |
0.01 | 0.03 | 0.02 | 0.04 | 0.01 | 0.00 | (0.06) | (0.14) | (0.07) | (0.13) |
Graham Number |
37.36 | 20.44 | 20.32 | 22.33 | 22.91 | 17.99 | 7.14 | 15.91 | 5.69 | 10.78 |
Earnings Yield |
2.76% | 2.06% | 2.46% | 3.67% | 3.91% | 2.71% | 0.64% | 4.94% | 0.58% | 2.27% |
Free Cash Flow Yield |
1.06% | 1.57% | 0.61% | 3.94% | 2.35% | 4.09% | 3.84% | (4.88%) | 5.46% | (2.58%) |
Revenue per Share |
5.10 | 2.83 | 2.24 | 2.36 | 2.67 | 2.44 | 1.93 | 1.79 | 1.91 | 2.07 |
Operating CF per Share |
4.20 | 2.27 | 1.66 | 1.65 | 1.88 | 1.71 | 1.12 | 1.08 | 1.22 | 1.36 |
Capex per Share |
(2.96) | (1.39) | (1.37) | (0.05) | (0.87) | 0.00 | 0.02 | (2.03) | 0.00 | (1.87) |
Free Cash Flow per Share |
1.24 | 0.87 | 0.28 | 1.60 | 1.01 | 1.71 | 1.14 | (0.95) | 1.22 | (0.51) |
Cash per Share |
2.54 | 1.80 | 1.21 | 1.54 | 0.50 | 0.43 | 0.23 | 0.17 | 0.22 | 0.29 |
Shareholders Equity per Share |
19.15 | 16.01 | 15.43 | 14.88 | 13.88 | 12.74 | 11.94 | 11.66 | 11.09 | 11.48 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
19.15 | 16.01 | 15.43 | 14.88 | 13.88 | 12.74 | 11.94 | 11.66 | 11.09 | 11.48 |
Free Cash Flow |
563.61 | 396.23 | 128.17 | 721.76 | 454.01 | 765.12 | 508.94 | (422.25) | 538.11 | (220.22) |
Working Capital |
1,049.48 | 798.58 | 541.34 | 689.38 | 220.03 | 170.66 | 90.05 | 50.86 | 91.27 | 109.04 |
Capital Expenditures |
(1,341.37) | (631.35) | (622.64) | (21.67) | (391.14) | (0.32) | 7.32 | (899.66) | (0.70) | (804.52) |
Net Current Asset Value |
768.90 | 663.00 | 521.74 | 677.86 | 203.69 | (40.87) | (797.33) | (1,218.43) | (680.23) | (1,085.24) |
EV/EBIT |
33.00 | 33.84 | 42.33 | 35.02 | 31.94 | 36.03 | 48.17 | 40.31 | 34.82 | 32.66 |
Capex to Sales |
0.58 | 0.49 | 0.61 | 0.02 | 0.33 | 0.00 | (0.01) | 1.13 | 0.00 | 0.90 |
Price to Operating Income |
33.73 | 34.95 | 43.40 | 36.40 | 32.32 | 36.03 | 45.53 | 35.45 | 32.60 | 29.02 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.04 | 0.04 | 0.04 | 4.64 | 6.38 | 5.77 | 0.04 | 0.04 | 0.05 | 0.05 |
Cash ROIC |
5.73% | 4.91% | 1.70% | 9.74% | 7.01% | 12.54% | 8.07% | (6.48%) | 9.33% | (3.52%) |
Accounts Receivable Turnover |
87.44 | 115.58 | 77.56 | 97.87 | 137.65 | 168.38 | 180.69 | 284.08 | 306.07 | 518.35 |
Accounts Payable Turnover |
35.61 | 35.69 | 34.01 | 37.69 | 40.26 | 41.15 | 32.54 | 31.13 | 33.54 | 39.21 |
Inventory Turnover |
0.00 | 0.00 | 74.37 | 51.93 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
12.81 | 10.26 | 11.10 | 9.18 | 9.37 | 9.31 | 8.35 | 14.57 | 8.74 | 11.71 |
Days of Inventory on Hand |
0.00 | 0.00 | 1.13 | 7.69 | 5.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
26.47 | 11.12 | 13.10 | 10.88 | 8.73 | 6.51 | 4.77 | 2.80 | 2.76 | 1.72 |
Average Payables |
18.06 | 13.51 | 13.01 | 13.25 | 13.48 | 12.41 | 15.84 | 16.00 | 15.09 | 14.36 |
Average Inventory |
— | — | 5.95 | 9.62 | — | — | — | — | — | — |
Average Assets |
8,275.12 | 7,227.82 | 6,895.55 | 6,528.03 | 6,126.71 | 6,117.64 | 6,374.03 | 6,076.68 | 5,918.32 | 5,892.77 |
Average Common Equity |
7,974.94 | 7,122.45 | 6,851.60 | 6,483.90 | 5,982.34 | 5,520.25 | 5,248.92 | 5,035.79 | 4,919.83 | 4,545.36 |
Columns are period end dates