Wheaton Precious Metals Corp. (WPM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.16	$1.19	+2.6%	—	$929.2M	—
Q1 26	$1.22	$1.28	+4.9%	—	$901.5M	—
Q4 25	$1.09	$1.22	+11.9%	—	$864.7M	—
Q3 25	$0.66	$0.69	+4.5%	—	$476.3M	—
Q2 25	$0.59	$0.63	+6.8%	—	$503.2M	—
Q1 25	$0.51	$0.55	+7.8%	—	$470.4M	—
Q4 24	$0.44	$0.44	0.0%	—	$380.5M	—
Q3 24	$0.33	$0.34	+3.0%	—	$308.3M	—
Q2 24	$0.3	$0.27	-10.0%	—	$299.1M	—
Q1 24	$0.31	$0.36	+16.1%	—	$296.8M	—
Q4 23	$0.33	$0.36	+9.1%	—	$313.5M	—
Q3 23	$0.25	$0.27	+8.0%	—	$223.1M	—
Q2 23	$0.28	$0.31	+10.7%	—	$265M	—
Q1 23	$0.25	$0.23	-7.6%	—	$214.5M	—
Q4 22	$0.25	$0.23	-8.0%	—	$236.1M	—
Q3 22	$0.22	$0.21	-4.5%	—	$218.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.24	—	—	$2.3B	—
FY24	—	$1.17	—	—	$1.3B	—
FY23	—	$1.19	—	—	$1B	—
FY22	—	$1.48	—	—	$1.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$891.6M	$843.2M	$794M	$861.3M	$1.1B	$1.2B	$1.1B	$1B	$1.3B	$2.3B
YoY change	+37.4%	-5.42%	-5.84%	+8.48%	+27.3%	+9.62%	-11.4%	-4.6%	+26.4%	+80.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	891.6M	843.2M	794M	861.3M	1.1B	1.2B	1.1B	1B	1.3B	2.3B
Cost of revenue	563.1M	506.2M	498.1M	515.4M	510.7M	542.7M	499.6M	442.6M	482.1M	643M
Gross profit	328.4M	337M	295.9M	345.9M	585.6M	658.9M	565.5M	573.4M	802.6M	1.7B
Gross margin	36.8%	40%	37.3%	40.2%	53.4%	54.8%	53.1%	56.4%	62.5%	72.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	31.5M	31.6M	48M	49.7M	58M	52.1M	53.2M	58.4M	61.6M	76.8M
Operating expenses	30.2M	31.6M	48M	49.7M	58M	52.1M	53.2M	58.4M	70.5M	87.6M
Operating income	296M	304.5M	246.9M	294.4M	525.7M	604.5M	509.6M	512.5M	729.7M	1.6B
Operating margin	33.2%	36.1%	31.1%	34.2%	48%	50.3%	47.8%	50.4%	56.8%	68.3%
Non-operating income, net	-76.3M	-217.7M	240.8M	-169.4M	-3.9M	155.7M	159.3M	-2.8M	-104.6M	85.5M
Pretax income	193.8M	56.8M	443M	77.1M	505.3M	754.6M	669.6M	539.1M	644.3M	1.7B
Income tax	-1.3M	-886K	15.9M	-9.1M	-2.5M	-269K	509K	1.4M	115.2M	226.3M
Net income	195.1M	57.7M	427.1M	86.1M	507.8M	754.9M	669.1M	537.6M	529.1M	1.5B
Net margin	21.9%	6.84%	53.8%	10%	46.3%	62.8%	62.8%	52.9%	41.2%	63.6%
EBITDA	601.1M	575M	491.8M	548.7M	769.1M	857.1M	738.5M	747.8M	997.5M	1.9B
EPS	0.45	0.13	0.96	0.19	1.13	1.68	1.48	1.19	1.17	3.24
Diluted EPS	0.45	0.13	0.96	0.19	1.13	1.67	1.48	1.19	1.17	3.24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	223.1M	313.5M	296.8M	299.1M	308.3M	380.5M	470.4M	503.2M	476.3M	864.7M	901.5M	929.2M
Cost of revenue	96.2M	136.3M	125.2M	112.9M	110.8M	133.1M	151.3M	150.2M	140.3M	201.2M	202.1M	241.3M
Gross profit	126.9M	177.2M	171.6M	186.2M	197.4M	247.4M	319.1M	353M	336M	663.5M	699.4M	687.9M
Gross margin	56.9%	56.5%	57.8%	62.3%	64%	65%	67.8%	70.2%	70.5%	76.7%	77.6%	74%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12.5M	15.3M	11M	15.8M	18.6M	16.2M	24.8M	20.4M	18.6M	13M	21.8M	15.7M
Operating expenses	12.5M	15.3M	11M	15.8M	20.9M	20.5M	27.5M	22.8M	20M	17.3M	23.3M	20.4M
Operating income	114M	161.4M	159.8M	169.7M	175.9M	226.5M	290.7M	329.7M	315.5M	645.8M	674.8M	667.1M
Operating margin	51.1%	51.5%	53.8%	56.7%	57.1%	59.5%	61.8%	65.5%	66.2%	74.7%	74.9%	71.8%
Non-operating income, net	-866K	-4.8M	-112K	23K	838K	-107.6M	-1.3M	1.3M	88.8M	-3.4M	4.7M	6.4M
Pretax income	121.5M	165.1M	164M	172.8M	182.1M	125.4M	296.8M	338M	412.6M	650.7M	691.1M	645M
Income tax	5.1M	-3.3M	-27K	50.5M	27.5M	37.2M	42.8M	45.7M	45.4M	92.4M	109.1M	101.8M
Net income	116.4M	168.4M	164M	122.3M	154.6M	88.1M	254M	292.3M	367.2M	558.2M	582M	543.2M
Net margin	52.2%	53.7%	55.3%	40.9%	50.2%	23.2%	54%	58.1%	77.1%	64.6%	64.6%	58.5%
EBITDA	167.5M	233.5M	228.2M	232.1M	237.3M	302.2M	373.1M	412.4M	390.6M	741.2M	766.8M	792.2M
EPS	0.26	—	0.36	0.27	0.34	—	0.56	0.64	0.81	—	1.28	1.2
Diluted EPS	0.26	—	0.36	0.27	0.34	—	0.56	0.64	0.81	—	1.28	1.19

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	8.3B	9.8B	8.7B	13.3B	18.7B	19.3B	17.6B	22.3B	25.5B	53.3B	61.6B
Enterprise value	9.4B	10.5B	9.9B	14B	18.7B	19.1B	17B	21.8B	24.7B	52.2B	66.8B
Shares outstanding	430.5M	442M	443.4M	446M	448.7M	450.1M	451.6M	452.8M	453.5M	453.9M	453.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	42.6	169.5	20.3	154	36.9	25.6	26.4	41.6	48.2	36.2	30.6
P/S	9.33	11.6	10.9	15.4	17.1	16.1	16.6	22	19.9	23	19.7
P/B	1.68	2	1.67	2.49	3.28	3.09	2.63	3.2	3.51	6.14	6.44
EV/EBITDA	15.6	18.2	20	25.6	24.4	22.3	23	29.2	24.8	27.2	25
EV/Sales	10.5	12.4	12.4	16.3	17.1	15.9	15.9	21.5	19.2	22.6	21.1
Earnings yield	2.35%	0.59%	4.93%	0.65%	2.71%	3.91%	3.79%	2.41%	2.07%	2.76%	3.27%
FCF yield	-2.65%	5.49%	-7.49%	3.77%	4.08%	1.65%	3.34%	0.34%	1.45%	1.06%	-5.72%
PEG	—	—	—	—	—	—	—	—	—	—	0.36

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	36.8%	40%	37.3%	40.2%	53.4%	54.8%	53.1%	56.4%	62.5%	72.2%	74%
Operating margin	33.2%	36.1%	31.1%	34.2%	48%	50.3%	47.8%	50.4%	56.8%	68.3%	72.3%
Net margin	21.9%	6.84%	53.8%	10%	46.3%	62.8%	62.8%	52.9%	41.2%	63.6%	64.7%
ROE	3.95%	1.18%	8.26%	1.62%	8.89%	12.1%	9.96%	7.7%	7.29%	16.9%	23.5%
ROA	3.17%	1.02%	6.6%	1.37%	8.52%	12%	9.9%	7.65%	7.13%	16.1%	14.4%
ROIC	4.93%	5.47%	3.74%	4.83%	9.19%	10%	8.45%	7.93%	9.3%	18.2%	17%
Return on tangible assets	3.17%	1.02%	6.61%	1.37%	8.53%	12%	9.91%	7.66%	7.14%	16.1%	16.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	6.72	8.52	2.76	2.39	6.48	8.41	23.4	21.8	28.1	7.78	0.47
Quick ratio	6.72	8.52	2.76	1.75	6.48	8.12	23.1	21.7	28.1	7.78	0.47
Debt / equity	0.24	0.16	0.25	0.16	0.03	0	0	0	0	0	0.2
Debt / assets	0.19	0.14	0.2	0.14	0.03	0	0	0	0	0	0.16
Net debt / EBITDA	1.78	1.17	2.43	1.41	0.01	-0.26	-0.94	-0.72	-0.82	-0.6	0.7
Interest coverage	9.01	3.27	13.4	2.71	41.9	2.1K	7.4K	2.6K	2.3K	4K	79.1
Effective tax rate	0%	0%	3.58%	0%	0%	0%	0.08%	0.26%	17.9%	13.3%	14.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	2.07	1.91	1.79	1.93	2.44	2.67	2.36	2.24	2.83	5.1	6.99
EPS (basic)	0.45	0.13	0.96	0.19	1.13	1.68	1.48	1.19	1.17	3.24	3.24
EPS (diluted)	0.45	0.13	0.96	0.19	1.13	1.67	1.48	1.19	1.17	3.24	4.5
Book value per share	11.5	11.1	11.7	11.9	12.7	13.9	14.9	15.4	16	19.1	21.3
FCF per share	-0.51	1.22	-1.46	1.12	1.7	0.71	1.31	0.17	0.81	1.24	-6.41
Cash per share	0.29	0.22	0.17	0.23	0.43	0.5	1.54	1.21	1.8	2.54	0.22
Capex per share	1.87	0	2.03	0.02	0	1.17	0.05	1.38	1.42	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	90.2%	0.08%	113.3%	0.85%	0.17%	43.8%	2.03%	61.5%	50%	—	—
Capex / operating cash flow	149.9%	0.21%	119.8%	1.85%	0.23%	52.7%	2.38%	81.9%	70.3%	—	—
Payout ratio	40.3%	211.3%	31.1%	150.9%	32.9%	28.9%	35.4%	49.3%	52.7%	20.1%	16%
Dividend yield	0.95%	1.25%	1.53%	0.98%	0.89%	1.13%	1.34%	1.19%	1.09%	0.56%	0.58%

Yield

0.58%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.195

ex-dividend Aug 20, 2026

Payout ratio

16%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 20, 2026	$0.195
May 27, 2026	$0.195
Mar 31, 2026	$0.195

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$223.1M	$313.5M	$296.8M	$299.1M	$308.3M	$380.5M	$470.4M	$503.2M	$476.3M	$864.7M	$901.5M	$929.2M
YoY change	+1.97%	+32.8%	+38.4%	+12.9%	+38.1%	+21.4%	+58.5%	+68.3%	+54.5%	+127.2%	+91.6%	+84.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	124.3M	98.5M	75.8M	104M	192.7M	226M	696.1M	546.5M	818.2M	1.2B
Receivables	503K	1.4M	1.3M	4.3M	5.4M	11.2M	9.2M	9.3M	4.7M	45M
Inventory	—	—	0	41.5M	0	8.7M	10.5M	1.4M	0	—
Total current assets	128.1M	103.4M	79.7M	154.8M	201.8M	249.7M	720.1M	567.4M	828.1M	1.2B
Property, plant & equipment	-1.6B	-2B	-2.2B	-2.6B	-2.9B	-3B	-2.5B	-2.7B	-3.1B	-3.4B
Goodwill & intangibles	—	—	6.6M	8.4M	3M	2.7M	4.5M	12.8M	9.2M	2.2M
Total assets	6.2B	5.7B	6.5B	6.3B	6B	6.3B	6.8B	7B	7.4B	9.1B
Accounts payable	18.1M	12.1M	19.9M	11.8M	13M	13.9M	12.6M	13.5M	13.6M	22.6M
Short-term debt	228K	—	5.6M	724K	773K	813K	818K	604K	262K	575K
Total current liabilities	19.1M	12.1M	28.8M	64.7M	31.2M	29.7M	30.7M	26.1M	29.5M	154.7M
Long-term debt	1.2B	770M	1.3B	878M	197.9M	2.1M	1.2M	5.6M	4.9M	7.3M
Total liabilities	1.2B	783.6M	1.3B	952.1M	242.7M	46M	42.2M	45.7M	165.1M	435.3M
Shareholders' equity	4.9B	4.9B	5.2B	5.3B	5.7B	6.3B	6.7B	7B	7.3B	8.7B
Total debt	1.2B	770M	1.3B	878.8M	198.6M	2.9M	2M	6.2M	5.2M	7.9M
Net debt	1.1B	671.5M	1.2B	774.8M	6M	-223.2M	-694.1M	-540.3M	-813M	-1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	833.9M	546.5M	306.1M	540.2M	694.1M	818.2M	1.1B	1B	1.2B	1.2B	2.2B	100.2M
Receivables	9.5M	9.3M	4.8M	8.7M	8.5M	4.7M	6.3M	13.6M	15.1M	45M	17M	25.1M
Inventory	2.4M	1.4M	0	0	0	0	—	—	—	—	—	—
Total current assets	856.2M	567.4M	320.8M	558.8M	709.9M	828.1M	1.1B	1B	1.2B	1.2B	2.2B	130.2M
Property, plant & equipment	-2.7B	-2.7B	-2.8B	-2.9B	-2.9B	-3.1B	-3.2B	-3.2B	-3.3B	-3.4B	-3.5B	-3.6B
Goodwill & intangibles	2M	12.8M	3.6M	3.4M	3.2M	9.2M	2.8M	2.6M	2.4M	2.2M	2M	929K
Total assets	6.9B	7B	7.2B	7.2B	7.4B	7.4B	7.7B	8B	8.4B	9.1B	9.8B	12.2B
Accounts payable	12M	13.5M	10.9M	12.3M	14.8M	13.6M	7.7M	7.9M	15.4M	22.6M	13.5M	15.8M
Short-term debt	590K	604K	518K	435K	324K	262K	488K	566K	572K	575K	581K	586K
Total current liabilities	22M	26.1M	88M	20.8M	27.6M	29.5M	96.4M	139.1M	148.7M	154.7M	482.4M	279.3M
Long-term debt	5.7M	5.6M	5.4M	5.3M	5.3M	4.9M	7.6M	7.7M	7.4M	7.3M	7.1M	2B
Total liabilities	38.3M	45.7M	101.3M	87.4M	126.2M	165.1M	273.2M	256.7M	326.8M	435.3M	602.9M	2.5B
Shareholders' equity	6.8B	7B	7.1B	7.2B	7.3B	7.3B	7.5B	7.7B	8.1B	8.7B	9.2B	9.7B
Total debt	6.2M	6.2M	5.9M	5.7M	5.7M	5.2M	8.1M	8.2M	8M	7.9M	7.7M	2B
Net debt	-827.7M	-540.3M	-300.2M	-534.5M	-688.4M	-813M	-1.1B	-997.6M	-1.1B	-1.1B	-2.2B	1.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	195.1M	57.7M	427.1M	86.1M	507.8M	754.9M	669.1M	537.6M	529.1M	1.5B
Depreciation & amortization	309.7M	263.4M	253.3M	258.7M	245.8M	256.7M	233.5M	215.9M	248.3M	305.2M
Stock-based compensation	1.5M	5.2M	14.9M	13.5M	14.8M	2.3M	20.1M	22.7M	23.3M	32.5M
Change in working capital	7M	-6.6M	987K	-2M	-2.1M	-9.2M	4.5M	1M	4.4M	-39.4M
Operating cash flow	536.7M	335.8M	750.9M	395.1M	775.8M	998.6M	909.5M	763.4M	912.6M	1.9B
Capital expenditure	-804.5M	-699K	-899.7M	7.3M	-1.8M	-526M	-21.7M	-625M	-642M	—
Investing cash flow	-804.9M	-19.6M	-861.4M	10.4M	149.6M	-404.4M	-44.8M	-644.5M	-487.4M	-40.6M
Dividends paid	-78.7M	-121.9M	-132.9M	-130M	-167.2M	-218.1M	-237.1M	-265.1M	-279.1M	-296.4M
Share repurchases	-33.1M	0	—	—	—	—	—	—	—	—
Financing cash flow	220.4M	-546.2M	359.9M	-521.2M	-848.8M	-415.6M	-239.3M	-266.7M	-280.6M	-297.8M
Net change in cash	-47.8M	-230.1M	249.4M	-115.7M	76.7M	178.6M	625.4M	-147.7M	144.6M	1.6B
Free cash flow	-220.2M	537.1M	-648.3M	499.9M	763.6M	319.2M	590M	74.9M	369.3M	563.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	116.4M	168.4M	164M	122.3M	154.6M	88.1M	254M	292.3M	367.2M	558.2M	582M	543.2M
Depreciation & amortization	46.8M	68.9M	64M	59.2M	55.9M	69.2M	77M	75.3M	66.3M	86.6M	77.3M	122.8M
Stock-based compensation	4.3M	6.5M	1.3M	6.2M	9.6M	6.1M	12.2M	10M	8.7M	1.7M	10.1M	4.8M
Change in working capital	-3M	—	4.8M	-5.1M	194K	4.5M	-1.1M	-7.7M	-25.2M	-5.4M	27.8M	-9.3M
Operating cash flow	169.9M	241.2M	222.9M	233.8M	250.2M	205.7M	370.6M	415M	383M	746.3M	765.8M	649.5M
Capital expenditure	-94.6M	-455.8M	-462.8M	-45.7M	-30.8M	-102.6M	-95.7M	—	—	—	—	—
Investing cash flow	-99.6M	-460.5M	-464.2M	131.2M	-31.7M	-122.7M	-96M	-231K	-9.9M	-30.1M	312.3M	-10.3M
Dividends paid	-67M	-67M	—	-139.1M	-70M	-69.9M	—	-147.9M	-74.2M	-74.2M	—	-171.3M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-67.2M	-67.2M	-148K	-140.2M	-70.1M	-70.1M	-122K	-148.9M	-74.5M	-74.4M	-3.2M	1.8B
Net change in cash	3.1M	-286.5M	-241.4M	224.8M	148.3M	12.9M	274.5M	265.8M	298.6M	641.8M	1.1B	2.4B
Free cash flow	76.5M	-218.1M	-243.5M	188.7M	223.5M	200.5M	265.1M	67M	132.3M	99.2M	704.7M	-3.9B

Wheaton Precious Metals Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement