NYSE : WPM
Wheaton Precious Metals Corp. — Financial statements
Materials · Gold · Canada
Last price 116.58 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 52.87B
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Financial statements
Wheaton Precious Metals Corp. (WPM) reported revenue of 3.17B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.17B | 2.31B | 1.28B | 1.02B | 1.07B | 1.20B |
| Cost of Revenue | 433.34M | 339.06M | 235.11M | 228.17M | 267.62M | 287.95M |
| Gross Profit | 2.74B | 1.98B | 1.05B | 787.87M | 797.43M | 913.72M |
| Selling, General & Admin | 45.24M | 45.60M | 39.66M | 37.12M | 34.72M | 34.37M |
| Other Operating Expenses | 1.28M | 1.17M | 1.01M | 1.05M | 1.12M | 750.00K |
| Operating Expenses | 423.35M | 383.16M | 419.74M | 275.34M | 279.23M | 152.46M |
| Operating Income | 2.31B | 1.59B | 629.79M | 512.53M | 518.20M | 761.26M |
| Interest Expense | -30.74M | -429.00K | -284.00K | -207.00K | -91.00K | -352.00K |
| Interest & Investment Income | 35.66M | 37.78M | 27.01M | 37.18M | 6.77M | 462.00K |
| Currency Exchange Gain (Loss) | 3.50M | -6.28M | 2.10M | 51.00K | 890.00K | -275.00K |
| Other Non Operating Income (Expenses) | -6.44M | -11.11M | -14.27M | -15.49M | -10.97M | -10.11M |
| EBT Excluding Unusual Items | 2.32B | 1.61B | 644.34M | 534.06M | 514.80M | 750.98M |
| Gain (Loss) on Sale of Investments | -3.19M | -31.00K | -1.03M | -2.10M | ||
| Gain (Loss) on Sale of Assets | 85.72M | 85.72M | 5.03M | 155.87M | ||
| Other Unusual Items | 5.73M | |||||
| Pretax Income | 2.40B | 1.70B | 644.34M | 539.06M | 669.63M | 754.62M |
| Income Tax Expense | 348.71M | 226.35M | 115.20M | 1.41M | 509.00K | -269.00K |
| Net Income | 2.05B | 1.47B | 529.14M | 537.64M | 669.13M | 754.88M |
| Net Income to Common | 2.05B | 1.47B | 529.14M | 537.64M | 669.13M | 754.88M |
| Shares Outstanding (Basic) | 454.04M | 453.89M | 453.46M | 452.81M | 451.57M | 450.14M |
| Shares Outstanding (Diluted) | 454.90M | 454.69M | 454.12M | 453.46M | 452.34M | 451.17M |
| EPS (Basic) | 4.52 | 3.24 | 1.17 | 1.19 | 1.48 | 1.68 |
| EPS (Diluted) | 4.51 | 3.24 | 1.17 | 1.19 | 1.48 | 1.67 |
| Free Cash Flow | -2.89B | 563.61M | 399.35M | 86.28M | 590.00M | 322.75M |
| Free Cash Flow Per Share | -6.35 | 1.24 | 0.88 | 0.19 | 1.30 | 0.71 |
| Dividend Per Share | 0.72 | 0.66 | 0.62 | 0.60 | 0.60 | 0.57 |
| Gross Margin | 86.34% | 85.35% | 81.70% | 77.54% | 74.87% | 76.04% |
| Operating Margin | 72.99% | 68.80% | 49.02% | 50.44% | 48.66% | 63.35% |
| Profit Margin | 64.66% | 63.58% | 41.19% | 52.91% | 62.83% | 62.82% |
| Free Cash Flow Margin | -91.07% | 24.35% | 31.09% | 8.49% | 55.40% | 26.86% |
| EBITDA | 2.67B | 1.90B | 986.95M | 728.46M | 743.13M | 860.47M |
| EBITDA Margin | 84.12% | 81.98% | 76.83% | 71.69% | 69.77% | 71.61% |
| D&A For EBITDA | 352.94M | 305.17M | 357.16M | 215.93M | 224.93M | 99.22M |
| EBIT | 2.31B | 1.59B | 629.79M | 512.53M | 518.20M | 761.26M |
| EBIT Margin | 72.99% | 68.80% | 49.02% | 50.44% | 48.66% | 63.35% |
| Effective Tax Rate | 14.53% | 13.33% | 17.88% | 0.26% | 0.08% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 100.19M | 1.15B | 818.17M | 546.53M | 696.09M | 226.04M |
| Cash & Short-Term Investments | 100.19M | 1.15B | 818.17M | 546.53M | 696.09M | 226.04M |
| Accounts Receivable | 25.07M | 45.02M | 4.72M | 9.34M | 9.16M | 11.20M |
| Other Receivables | 989.00K | 1.71M | 1.50M | 6.68M | 1.03M | 373.00K |
| Receivables | 26.06M | 46.72M | 6.22M | 16.01M | 10.19M | 12.39M |
| Inventory | 1.37M | 10.53M | 8.71M | |||
| Prepaid Expenses | 2.53M | 3.23M | 2.63M | 2.86M | 2.52M | |
| Other Current Assets | 3.92M | 1.32M | 467.00K | 871.00K | 431.00K | 49.00K |
| Total Current Assets | 130.16M | 1.20B | 828.08M | 567.41M | 720.09M | 249.72M |
| Property, Plant & Equipment | 11.74B | 7.41B | 6.39B | 6.13B | 5.71B | 5.91B |
| Long-Term Investments | 215.11M | 450.92M | 139.40M | 260.13M | 262.70M | 68.08M |
| Other Intangible Assets | 929.00K | 1.12M | 4.62M | 6.40M | 2.27M | 2.65M |
| Long-Term Deferred Charges | 6.02M | 4.70M | 5.10M | 5.50M | 5.76M | 5.62M |
| Other Long-Term Assets | 58.20M | 57.80M | 58.99M | 61.67M | 57.86M | 41.68M |
| Total Assets | 12.16B | 9.13B | 7.42B | 7.03B | 6.76B | 6.30B |
| Accounts Payable | 15.75M | 22.56M | 13.55M | 13.46M | 12.57M | 13.94M |
| Accrued Expenses | 15.19M | 21.60M | 13.56M | 12.01M | 14.57M | 14.81M |
| Current Portion of Leases | 586.00K | 575.00K | 262.00K | 604.00K | 818.00K | 813.00K |
| Current Income Taxes Payable | 247.78M | 109.95M | 2.13M | 2.76M | 132.00K | |
| Total Current Liabilities | 279.31M | 154.69M | 29.50M | 26.07M | 30.72M | 29.69M |
| Long-Term Debt | 1.97B | |||||
| Long-Term Leases | 6.88M | 7.33M | 4.91M | 5.62M | 1.15M | 2.06M |
| Pension & Post-Retirement Benefits | 4.10M | 5.98M | 5.29M | 4.62M | 3.52M | 2.69M |
| Long-Term Deferred Tax Liabilities | 23.19M | 1.79M | 349.00K | 232.00K | 165.00K | 100.00K |
| Other Long-Term Liabilities | 187.99M | 265.49M | 125.03M | 9.11M | 6.67M | 11.50M |
| Total Liabilities | 2.47B | 435.27M | 165.08M | 45.67M | 42.23M | 46.03M |
| Common Stock | 3.83B | 3.81B | 3.80B | 3.78B | 3.75B | 3.70B |
| Retained Earnings | 5.78B | 4.70B | 3.52B | 3.25B | 2.90B | 2.50B |
| Comprehensive Income & Other | 86.53M | 176.91M | -63.50M | -40.09M | 66.55M | 47.04M |
| Shareholders' Equity | 9.69B | 8.69B | 7.26B | 6.99B | 6.72B | 6.25B |
| Total Liabilities & Equity | 12.16B | 9.13B | 7.42B | 7.03B | 6.76B | 6.30B |
| Total Debt | 1.98B | 7.91M | 5.17M | 6.23M | 1.97M | 2.87M |
| Net Cash (Debt) | -1.88B | 1.15B | 813.00M | 540.30M | 694.12M | 223.17M |
| Net Cash Per Share | -4.13 | 2.52 | 1.79 | 1.19 | 1.53 | 0.49 |
| Filing Date Shares Outstanding | 454.16M | 454.04M | 453.68M | 453.07M | 452.32M | 450.86M |
| Total Common Shares Outstanding | 454.16M | 454.03M | 453.68M | 453.07M | 452.32M | 450.86M |
| Working Capital | -149.14M | 1.05B | 798.58M | 541.34M | 689.38M | 220.03M |
| Book Value Per Share | 21.34 | 19.14 | 16.00 | 15.42 | 14.85 | 13.86 |
| Tangible Book Value | 9.69B | 8.69B | 7.25B | 6.98B | 6.72B | 6.25B |
| Tangible Book Value Per Share | 21.34 | 19.14 | 15.99 | 15.40 | 14.85 | 13.86 |
| Leasehold Improvements | 4.38M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.05B | 1.47B | 529.14M | 537.64M | 669.13M | 754.88M |
| Depreciation & Amortization | 352.94M | 305.17M | 357.16M | 215.93M | 224.93M | 99.97M |
| Loss (Gain) From Sale of Assets | -85.72M | -85.72M | -5.03M | -155.87M | ||
| Loss (Gain) From Sale of Investments | 31.00K | 1.03M | 2.10M | |||
| Stock-Based Compensation | -3.98M | 15.29M | 12.14M | 6.07M | 1.65M | 2.34M |
| Other Operating Activities | 236.63M | 228.93M | 124.71M | -5.75M | 982.00K | -6.07M |
| Change in Accounts Receivable | -11.90M | -40.20M | 4.39M | -264.00K | 2.02M | -5.70M |
| Change in Inventory | -4.44M | |||||
| Change in Accounts Payable | 5.94M | 8.96M | -11.00K | 867.00K | -1.32M | 1.09M |
| Change in Other Net Operating Assets | -90.00K | 832.00K | 48.00K | 1.31M | 868.00K | 972.00K |
| Operating Cash Flow | 2.54B | 1.90B | 1.03B | 750.81M | 743.42M | 845.14M |
| Capital Expenditures | -5.43B | -1.34B | -628.23M | -664.53M | -153.43M | -522.39M |
| Sale of Property, Plant & Equipment | 101.73M | 101.73M | 46.40M | 131.76M | ||
| Sale (Purchase) of Intangibles | -27.07M | -30.09M | -11.34M | -3.57M | ||
| Investment in Securities | 268.94M | -39.87M | 156.85M | -17.25M | -22.77M | 122.30M |
| Other Investing Activities | -6.50M | 369.00K | 13.17M | 70.00K | 137.00K | -554.00K |
| Investing Cash Flow | -5.10B | -1.28B | -488.30M | -646.65M | -44.30M | -404.22M |
| Long-Term Debt Repaid | -505.00K | -594.00K | -691.00K | -800.00K | -195.78M | |
| Lease Payments | -577.00K | -505.00K | -594.00K | -691.00K | -800.00K | -780.00K |
| Net Debt Issued (Repaid) | 1.97B | -505.00K | -594.00K | -691.00K | -800.00K | -195.78M |
| Issuance of Common Stock | 4.34M | 7.27M | 13.19M | 12.41M | 10.37M | 7.95M |
| Common Dividends Paid | -319.72M | -296.37M | -279.05M | -265.11M | -237.10M | -218.05M |
| Other Financing Activities | -5.21M | -955.00K | -937.00K | -859.00K | -1.36M | -1.73M |
| Financing Cash Flow | 1.65B | -290.56M | -267.39M | -254.24M | -228.89M | -407.61M |
| Foreign Exchange Rate Adjustments | -5.33M | 145.00K | -250.00K | 519.00K | -197.00K | 39.00K |
| Net Cash Flow | -905.69M | 335.43M | 271.64M | -149.56M | 470.04M | 33.36M |
| Free Cash Flow | -2.89B | 563.61M | 399.35M | 86.28M | 590.00M | 322.75M |
| Free Cash Flow Margin | -91.07% | 24.35% | 31.09% | 8.49% | 55.40% | 26.86% |
| Free Cash Flow Per Share | -6.35 | 1.24 | 0.88 | 0.19 | 1.30 | 0.71 |
| Levered Free Cash Flow | -3.52B | 75.48M | 130.29M | -118.31M | 416.07M | 52.79M |
| Unlevered Free Cash Flow | -3.50B | 75.75M | 130.46M | -118.18M | 416.13M | 53.01M |
| Free Cash Flow After Leases | -2.89B | 563.11M | 398.75M | 85.59M | 589.20M | 321.97M |
| Cash Interest Paid | 30.14M | 429.00K | 287.00K | 187.00K | 93.00K | 429.00K |
| Cash Income Tax Paid | 109.91M | 3.65M | -8.52M | 6.19M | 171.00K | 279.00K |
| Change in Working Capital | -6.05M | -30.41M | 4.43M | 1.91M | 1.57M | -8.07M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 54.49B | 53.43B | 25.51B | 22.42B | 17.67B | 19.33B |
| Enterprise Value | 56.40B | 52.26B | 24.86B | 21.58B | 17.17B | 18.96B |
| Last Close Price | 116.58 | 117.00 | 55.58 | 48.23 | 37.71 | 40.78 |
| PE Ratio | 26.25 | 36.30 | 48.21 | 41.71 | 26.40 | 25.60 |
| PS Ratio | 16.67 | 23.09 | 19.86 | 22.07 | 16.59 | 16.08 |
| PB Ratio | 5.46 | 6.15 | 3.51 | 3.21 | 2.63 | 3.09 |
| P/TBV Ratio | 5.46 | 6.15 | 3.52 | 3.21 | 2.63 | 3.09 |
| P/FCF Ratio | 94.80 | 63.88 | 259.88 | 29.95 | 59.88 | |
| P/OCF Ratio | 20.78 | 28.05 | 24.83 | 29.86 | 23.77 | 22.87 |
| EV/Sales Ratio | 17.27 | 22.58 | 19.36 | 21.23 | 16.12 | 15.78 |
| EV/EBITDA Ratio | 20.53 | 27.54 | 25.19 | 29.62 | 23.10 | 22.03 |
| EV/EBIT Ratio | 23.66 | 32.82 | 39.48 | 42.10 | 33.13 | 24.90 |
| EV/FCF Ratio | 92.73 | 62.26 | 250.06 | 29.10 | 58.74 | |
| Debt / Equity Ratio | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA Ratio | 0.74 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Debt / FCF Ratio | 0.01 | 0.01 | 0.07 | 0.00 | 0.01 | |
| Net Debt / Equity Ratio | 0.19 | -0.13 | -0.11 | -0.08 | -0.10 | -0.04 |
| Net Debt / EBITDA Ratio | 0.70 | -0.60 | -0.82 | -0.74 | -0.93 | -0.26 |
| Net Debt / FCF Ratio | -0.65 | -2.03 | -2.04 | -6.26 | -1.18 | -0.69 |
| Asset Turnover | 0.32 | 0.28 | 0.18 | 0.15 | 0.16 | 0.20 |
| Inventory Turnover | 38.34 | 27.82 | ||||
| Quick Ratio | 0.45 | 7.76 | 27.94 | 21.57 | 22.99 | 8.00 |
| Current Ratio | 0.47 | 7.79 | 28.07 | 21.76 | 23.44 | 8.41 |
| Return on Equity (ROE) | 23.55% | 18.45% | 7.43% | 7.85% | 10.32% | 12.62% |
| Return on Assets (ROA) | 14.37% | 12.03% | 5.45% | 4.64% | 4.96% | 7.77% |
| Return on Invested Capital (ROIC) | 21.21% | 19.73% | 8.02% | 8.20% | 8.59% | 12.96% |
| Return on Capital Employed (ROCE) | 19.50% | 17.80% | 8.50% | 7.30% | 7.70% | 12.10% |
| Earnings Yield | 3.81% | 2.75% | 2.07% | 2.40% | 3.79% | 3.91% |
| FCF Yield | -5.46% | 1.05% | 1.57% | 0.39% | 3.34% | 1.67% |
| Dividend Yield | 0.62% | 0.56% | 1.10% | 1.21% | 1.54% | 1.33% |
| Payout Ratio | 16.39% | 20.14% | 52.74% | 49.31% | 35.43% | 28.88% |
| Buyback Yield / Dilution | -0.10% | -0.12% | -0.14% | -0.25% | -0.26% | -0.24% |
| Total Shareholder Return | 0.53% | 0.44% | 0.96% | 0.97% | 1.28% | 1.09% |