Saturday 17 October 2026 Export WPM’s income statement to Excel — free account

Wheaton Precious Metals Corp.

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%

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Market cap: $60.5B
P/E: 29.6×
Fwd P/E: 22.9×
Dividend yield: 0.56%
F-score: 7/9
Altman Z: 75.21
Beneish M: 0.60
Dividend safety: 79/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.11%

Capital & Financial Ratios $m

Market Cap 60,480.00

Revenue 3,171.64

Net Income 2,050.75

Free Cash Flow (2,915.37)

Net Debt 1,869.09

Current Ratio 0.47

Debt/Equity 0.20

P/E ratio 29.60

Fwd P/E 22.90

P/S ratio 19.16

P/B ratio 6.27

Past 5Y EPS Growth 23.45%

This Y EPS Growth 54.05%

Next Y EPS Growth 7.49%

Next Y revenue growth 58.90%

Next 5Y EPS Growth 22.72%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 24.05%

10-year low 10-year high

P/S against its own 10 years 63.25%

10-year low 10-year high

P/B against its own 10 years 94.21%

10-year low 10-year high

EV/Sales against its own 10 years 67.05%

10-year low 10-year high

Dividends

Payout Ratio 0.17

Annual Dividend Rate 0.75

Annual Dividend Yield 0.56%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.78	0.20 0.20 0.20
2025	0.66	0.17 0.17 0.17 0.17
2024	0.62	0.16 0.16 0.16 0.16
2023	0.60	0.15 0.15 0.15 0.15
2022	0.75	0.15 0.15 0.15 0.15 0.15
2021	0.57	0.13 0.14 0.15 0.15
2020	0.42	0.10 0.10 0.10 0.12
2019	0.36	0.09 0.09 0.09 0.09
2018	0.36	0.09 0.09 0.09 0.09
2017	0.33	0.07 0.07 0.10 0.09
2016	0.21	0.05 0.05 0.05 0.06

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	547	818	1,154	100
Receivables	16	6	47	26
Inventory	1	—	—	—
Other	3	4	4	4
	567	828	1,204	130

	2023	2024	2025	Q'26
Payables	13	14	23	16
ST’ Debt	—	—	—	—
Other	12	14	22	15
	26	30	155	279

Compound Annual Growth %

	10y	5y	3y
Sales	13.56%	16.12%	29.53%
Cash Flow	16.01%	20.00%	36.84%
Earnings	0.00%	23.72%	30.05%
Book Value	7.67%	8.75%	8.96%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	901	929	—	—	—
’25	470	503	476	865	2,315
’24	297	299	308	381	1,285
’23	214	265	223	313	1,016
’22	307	303	219	236	1,065
’21	324	330	269	278	1,202
’20	255	248	307	286	1,096

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	766	650	—	—	—
’25	361	415	383	746	1,905
’24	219	234	254	319	1,028
’23	135	202	171	242	751
’22	211	206	154	172	743
’21	232	216	201	195	845
’20	178	152	228	208	765

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	705	(3,852)	—	—	—
’25	265	67	234	(3)	564
’24	(232)	177	250	204	396
’23	103	161	79	(210)	128
’22	165	191	107	259	722
’21	77	155	196	26	454
’20	177	152	227	209	765

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.28	1.19	—	—	—
’25	0.56	0.64	0.81	1.23	3.24
’24	0.36	0.27	0.34	0.19	1.17
’23	0.25	0.31	0.26	0.37	1.19
’22	0.35	0.33	0.43	0.37	1.48
’21	0.36	0.37	0.30	0.65	1.67
’20	0.21	0.24	0.33	0.35	1.13

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.04	18.32	15.08	18.54	18.66	34.85	28.62	38.37	38.57	55.51	Analyst estimates 2026–2028 Powerpack
	High	31.35	23.06	22.87	30.90	57.89	49.10	51.91	52.76	68.64	124.30
People
People	Employees	35	38	39	39	40	44	41	42	44	47
	Revenue/emp, $m	25.47	22.19	20.36	22.09	27.41	27.31	25.98	24.19	29.20	49.25
Income, $m
Income, $m	Revenue	892	843	794	861	1,096	1,202	1,065	1,016	1,285	2,315
	Gross margin, %	36.84	39.97	37.27	40.16	53.42	54.83	53.09	56.44	62.48	72.22
	EBT	194	57	443	77	505	755	670	539	644	1,698
	EBT margin, %	21.74	6.74	55.79	8.95	46.10	62.80	62.87	53.05	50.16	73.36
	Net income	195	58	427	86	508	755	669	538	529	1,472
	Depreciation	310	263	253	259	246	257	234	216	248	305
Per share, $
Per share, $	Revenue	2.07	1.91	1.79	1.93	2.44	2.67	2.36	2.24	2.83	5.10
	Earnings	0.45	0.13	0.96	0.19	1.13	1.68	1.48	1.19	1.17	3.24
	Cash flow	1.36	1.22	1.08	1.12	1.71	1.88	1.65	1.66	2.27	4.20
	Capex	(1.87)	0.00	(2.03)	0.02	0.00	(0.87)	(0.05)	(1.37)	(1.39)	(2.96)
	Free cash flow	(0.51)	1.22	(0.95)	1.14	1.71	1.01	1.60	0.28	0.87	1.24
	Book value	11.48	11.09	11.66	11.94	12.74	13.88	14.88	15.43	16.01	19.15
	Shares, m	430	442	443	446	449	450	452	453	453	454
Valuation, ×
Valuation, ×	P/E	44.04	171.54	20.24	156.58	36.94	25.55	27.23	40.70	48.48	36.27
	P/S	9.57	11.69	10.91	15.41	17.08	16.08	17.20	21.58	19.85	23.05
	P/B	1.73	2.01	1.67	2.49	3.28	3.09	2.73	3.14	3.51	6.14
	EV/Sales	10.77	12.48	12.40	16.30	17.09	15.90	16.55	21.05	19.22	22.55
	EV/FCF	(43.60)	19.56	(23.32)	27.59	24.48	42.07	24.42	161.21	61.83	92.61
Cash, $m
Cash, $m	Operating cash flow	584	539	477	502	765	845	743	751	1,028	1,905
	Capex	(805)	(1)	(900)	7	0	(391)	(22)	(623)	(631)	(1,341)
	Free cash flow	(220)	538	(422)	509	765	454	722	128	396	564
Balance, $m
Balance, $m	Working capital	109	91	51	90	171	220	689	541	799	1,049
	Total debt	1,193	770	1,264	875	195	2	1	—	—	—
	Net debt	1,069	671	1,188	771	2	(226)	(696)	(547)	(818)	(1,154)
	Shareholders’ equity	4,940	4,900	5,172	5,326	5,715	6,250	6,718	6,986	7,259	8,691
Returns, %
Returns, %	ROA	3.31	0.97	7.03	1.35	8.30	12.32	10.25	7.80	7.32	17.78
	ROIC	3.06	3.39	2.40	2.99	5.68	6.20	5.22	4.90	7.08	13.12
	ROE	4.29	1.17	8.48	1.64	9.20	12.62	10.32	7.85	7.43	18.45

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NEM Newmont Corporation	$122.0B	14.9×	9.4×	+15.06% (above 0%: growing)	+11.29% (above 0%: growing)	−18.03% (below 0%: shrinking)	65.87%	50.60%	Compare
WPM Wheaton Precious Metals Corp.	$60.5B	29.6×	22.9×	+84.65% (above 0%: growing)	+87.50% (above 0%: growing)	−5,847.95% (below 0%: shrinking)	74.03%	71.79%
FNV Franco-Nevada Corporation	$46.5B	31.7×	24.5×	+57.26% (above 0%: growing)	+43.75% (above 0%: growing)	+143.18% (above 0%: growing)	77.64%	76.73%	Compare
AU AngloGold Ashanti PLC	$46.2B	12.4×	8.7×	+26.95% (above 0%: growing)	+49.24% (above 0%: growing)	+41.62% (above 0%: growing)	54.86%	50.77%	Compare
GFI Gold Fields Limited	$32.9B	22.3×	6.2×	+8.27% (above 0%: growing)	n/m	+754.13% (above 0%: growing)	37.73%	0.00%	Compare
RGLD Royal Gold, Inc.	$19.7B	26.0×	16.3×	+114.91% (above 0%: growing)	+38.31% (above 0%: growing)	+119.34% (above 0%: growing)	86.66%	62.13%	Compare
CDE Coeur Mining, Inc.	$15.8B	13.0×	9.8×	+125.86% (above 0%: growing)	+9.09% (above 0%: growing)	+165.48% (above 0%: growing)	49.36%	19.94%	Compare
EQX Equinox Gold Corp.	$13.0B	10.7×	8.0×	+169.33% (above 0%: growing)	+480.00% (above 0%: growing)	−103.64% (below 0%: shrinking)	39.20%	32.14%	Compare
HMY Harmony Gold Mining Company Limited	$10.7B	52.5×	3.6×	−3.10% (below 0%: shrinking)	n/m	+265.24% (above 0%: growing)	26.37%	0.00%	Compare
Median of peers	$26.3B	18.6×	9.0×	+42.11%	+41.03%	+131.26%	52.11%	41.37%

All 37 Gold stocks →