Wheaton Precious Metals Corp. (WPM)
Wheaton Precious Metals Corp. operates as a precious metal streaming company. It explores for gold, silver, palladium, platinum, and cobalt deposits in Canada, the United States, Mexico, Portugal, Sweden, the United Kingdom, Argentina, Chile, Brazil, Peru, Ecuador, Colombia, Côte d'Ivoire, Ethiopia, and South Africa. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.
- Ticker
- WPM
- Exchange
- NYSE
- Sector
- Basic Materials
- Industry
- Gold
- Market cap
- $61.89B
- 52-week range
- $96.00 - $165.76
Valuation
- Share price
- $136.31 (close of Nov 6, 2026)
- P/E (TTM)
- 42.05x
- Price to book
- 7.12x
- Price to free cash flow
- 32.49x
- Enterprise value
- $60.74B
- Book value per share
- $19.14
Price performance
| Period | Change |
|---|---|
| 1 day | +2.91% |
| 5 days | +16.92% |
| 1 month | -0.97% |
| 3 months | +8.79% |
| 6 months | +1.29% |
| Year to date | +15.99% |
| 1 year | +41.58% |
| 3 years | +206.31% |
| 5 years | +232.38% |
| 10 years | +472.73% |
| All time | +4,268.91% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 1.26%
- Shares short
- 5.70M
- Days to cover
- 4.32
- Change since prior report
- -0.74%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed WPM trades
Gilbert Ray Cisneros · Brian Babin · Thomas Kean
Super investors holding WPM
First Eagle Investment (First Eagle Investment Management, LLC) · Ken Griffin (Citadel) · Lee Ainslie (Maverick Capital LTD)
Profitability and growth
- Return on equity
- 16.93%
- Return on invested capital
- 15.58%
- Return on assets
- 16.13%
- Return on capital employed
- 17.63%
- Gross margin
- 72.22%
- Net margin
- 63.58%
- EBITDA margin
- 68.39%
- Revenue growth
- 80.18%
- Net income growth
- 178.13%
- Free cash flow growth
- 85.38%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.08%
- Current ratio
- 7.78x
- Net debt to EBITDA
- -0.57x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Revenue
- $2.31B
- Cost of revenue
- $642.95M
- Gross profit
- $1.67B
- EBITDA
- $1.58B
- Net income
- $1.47B
- Earnings per share
- $3.24
- Interest expense
- $5.76M
- Shares outstanding
- 453.89M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $2.31B | $1.67B | $1.47B | $3.24 |
| 2024-12-31 | $1.28B | $802.59M | $529.14M | $1.17 |
| 2023-12-31 | $1.02B | $573.44M | $537.64M | $1.19 |
| 2022-12-31 | $1.07B | $565.48M | $669.13M | $1.48 |
| 2021-12-31 | $1.20B | $658.92M | $754.88M | $1.68 |
| 2020-12-31 | $1.10B | $585.57M | $507.80M | $1.13 |
| 2019-12-31 | $861.33M | $345.95M | $86.14M | $0.19 |
| 2018-12-31 | $794.01M | $295.93M | $427.12M | $0.96 |
| 2017-12-31 | $843.22M | $337.03M | $57.70M | $0.13 |
| 2016-12-31 | $891.56M | $328.42M | $195.14M | $0.45 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 72.22% | 63.58% | 16.93% | 15.58% |
| 2024-12-31 | 62.48% | 41.19% | 7.29% | 6.96% |
| 2023-12-31 | 56.44% | 52.92% | 7.70% | 7.21% |
| 2022-12-31 | 53.09% | 62.83% | 9.96% | 7.61% |
| 2021-12-31 | 54.83% | 62.82% | 12.08% | 12.07% |
| 2020-12-31 | 53.42% | 46.32% | 8.89% | 9.09% |
| 2019-12-31 | 40.16% | 10.00% | 1.62% | 2.36% |
| 2018-12-31 | 37.27% | 53.79% | 8.26% | 4.42% |
| 2017-12-31 | 39.97% | 6.84% | 1.18% | 1.50% |
| 2016-12-31 | 36.84% | 21.89% | 3.95% | 3.92%* |
* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $1.15B |
| 2024-12-31 | $818.17M |
| 2023-12-31 | $546.53M |
| 2022-12-31 | $696.09M |
| 2021-12-31 | $226.04M |
| 2020-12-31 | $192.68M |
| 2019-12-31 | $103.99M |
| 2018-12-31 | $75.77M |
| 2017-12-31 | $98.52M |
| 2016-12-31 | $124.30M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $1.90B | $26.03M |
| 2024-12-31 | $1.03B | $16.57M |
| 2023-12-31 | $750.81M | $16.31M |
| 2022-12-31 | $743.42M | $14.21M |
| 2021-12-31 | $845.14M | -$2.92M |
| 2020-12-31 | $765.44M | $9.40M |
| 2019-12-31 | $501.62M | $7.83M |
| 2018-12-31 | $477.41M | $9.52M |
| 2017-12-31 | $538.81M | $140.00K |
| 2016-12-31 | $584.30M | -$3.54M |
Dividend history
- Most recent payment
- Aug 20, 2026
- Paid in the last twelve months, including payments estimated from WPM.TO
- $0.75
| Payment date | Dividend per share |
|---|---|
| 2026-08-20 | $0.20 |
| 2026-05-27 | $0.20 |
| 2026-03-31 | $0.20 |
| 2025-11-20 | $0.17 (est., from WPM.TO) |
| 2025-08-21 | $0.16 (est., from WPM.TO) |
| 2025-05-28 | $0.17 |
| 2025-04-01 | $0.17 |
| 2024-11-21 | $0.15 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-11-05 | Sep 2026 | $0.91 |
| 2026-08-06 | Jun 2026 | $1.15 |
| 2026-05-07 | Mar 2026 | $1.15 |
| 2026-03-12 | Dec 2025 | $0.93 |
| 2025-11-06 | Sep 2025 | $0.59 |
| 2025-08-07 | Jun 2025 | $0.58 |
| 2025-05-08 | Mar 2025 | $0.50 |
| 2025-03-13 | Dec 2024 | $0.44 |
Filings and sources
- Company website
- wheatonpm.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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