Financials · WPM

Wheaton Precious Metals Corp (WPM) financials

For fiscal 2025 (ended Dec 31, 2025), Wheaton Precious Metals Corp reported $2.31B of revenue and $1.47B of net income.

Revenue, FY2025
$2.31B
Revenue growth, YoY
+80.2%
Net income, FY2025
$1.47B
Net income growth, YoY
+178.1%
Net margin
63.6%
EPS, diluted, FY2025
$3.24
EPS growth, YoY
+177.9%
Cash
$1.15B
P/E
40.88
P/S
25.99
Market cap
$60.16B
Annual revenue$2.31B
FY2016FY2025
Annual net income$1.47B
FY2016FY2025

WPM revenue and earnings growth

WPM revenueFY2025$2.31B

FY YoY
+80.2%
5Y CAGR
+16.1%

WPM revenue was $2.31B for fiscal 2025 (ended Dec 31, 2025), up 80.2% from fiscal 2024. Compound annual growth was +16.1% over 5 years. It rose in 5 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

WPM net incomeFY2025$1.47B

FY YoY
+178.1%
5Y CAGR
+23.7%

WPM net income was $1.47B for fiscal 2025 (ended Dec 31, 2025), up 178.1% from fiscal 2024. Compound annual growth was +23.7% over 5 years. It rose in 4 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

WPM EPSFY2025$3.24

FY YoY
+177.9%
5Y CAGR
+23.5%

WPM diluted EPS was $3.24 for fiscal 2025 (ended Dec 31, 2025), up 177.9% from fiscal 2024. Compound annual growth was +23.5% over 5 years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$2.31B$1.28B$1.02B$1.07B$1.20B$1.10B$861.33M$794.01M$843.22M$891.56M
Cost of revenue$642.95M$482.05M$442.61M$499.57M$542.74M$510.65M$515.38M$498.08M$506.18M$563.14M
Gross profit$1.67B$802.59M$573.44M$565.48M$658.92M$585.57M$345.95M$295.93M$337.03M$328.42M
Selling, general and admin$46.77M$40.67M$38.16M$35.83M$35.12M$65.70M$54.51M$51.65M$34.67M$34.44M
Operating income$1.58B$620.83M$505.27M$511.90M$754.66M$519.87M$125.53M$244.28M$73.68M-
Interest expense$5.76M$5.55M$5.51M$5.59M$229.0K$12.23M$44.77M$35.84M$24.99M$24.19M
Pre-tax income$1.70B$644.34M$539.06M$669.63M$754.62M$505.33M$77.07M$442.98M$56.82M$193.81M
Income tax$226.35M$115.20M$1.41M$509.0K-$269.0K-$2.48M-$9.07M$15.87M-$886.0K-$1.33M
Net income$1.47B$529.14M$537.64M$669.13M$754.88M$507.80M$86.14M$427.12M$57.70M$195.14M
EPS, basic$3.24$1.17$1.19$1.48$1.68$1.13$0.19$0.96$0.13$0.45
EPS, diluted$3.24$1.17$1.19$1.48$1.67$1.13$0.19$0.96$0.13$0.45
Diluted shares454.7M454.1M453.5M452.3M451.2M450.1M446.9M443.9M442.4M430.8M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$1.15B$818.17M$546.53M$696.09M$226.04M$192.68M$103.99M$75.77M$98.52M$124.30M
Receivables$46.72M$6.22M$10.08M$10.19M$11.58M$5.88M$7.14M$2.19M$3.19M$2.32M
Inventory-$0$1.37M$10.53M$8.71M$0----
Current assets$1.20B$828.08M$567.41M$720.09M$249.72M$201.83M$154.75M$79.70M$103.42M$128.09M
Total assets$9.13B$7.42B$7.03B$6.76B$6.30B$5.96B$6.28B$6.47B$5.68B$6.15B
Current liabilities$154.69M$29.50M$26.07M$30.72M$29.69M$31.17M$64.70M$28.84M$12.14M$19.06M
Total debt----$0$195.00M$874.50M$1.26B$770.00M$1.19B
Total liabilities$435.27M$165.08M$45.67M$42.23M$46.03M$242.70M$952.09M$1.30B$783.65M$1.21B
Shareholders' equity$8.69B$7.26B$6.99B$6.72B$6.25B$5.71B$5.33B$5.17B$4.90B$4.94B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.90B$1.03B$750.81M$743.42M$845.14M$765.44M$501.62M$477.41M$538.81M$584.30M
Investing cash flow-$1.28B-$488.30M-$646.65M-$44.30M-$404.22M$149.65M$10.63M-$861.33M-$19.57M-$805.43M
Financing cash flow-$290.56M-$267.39M-$254.24M-$228.89M-$407.61M-$826.90M-$484.19M$360.91M-$545.06M$242.35M
Dividends paid$296.37M$279.05M$265.11M$237.10M$218.05M$167.21M$129.99M$132.91M$121.93M$78.71M
Share repurchases---------$33.13M
Stock-based compensation$26.03M$16.57M$16.31M$14.21M-$2.92M$9.40M$7.83M$9.52M$140.0K-$3.54M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY80.2%26.4%-4.6%-11.4%9.6%27.3%8.5%-5.8%-5.4%-
Net income growth, YoY178.1%-1.6%-19.6%-11.4%48.7%489.5%-79.8%640.2%-70.4%-
EPS growth, YoY177.9%-1.8%-19.8%-11.6%48.3%484.5%-79.9%638.5%-71.1%-
Gross margin72.2%62.5%56.4%53.1%54.8%53.4%40.2%37.3%40.0%36.8%
Operating margin68.3%48.3%49.7%48.1%62.8%47.4%14.6%30.8%8.7%-
Net margin63.6%41.2%52.9%62.8%62.8%46.3%10.0%53.8%6.8%21.9%
Return on equity16.9%7.3%7.7%10.0%12.1%8.9%1.6%8.3%1.2%4.0%
Return on assets16.1%7.1%7.6%9.9%12.0%8.5%1.4%6.6%1.0%3.2%
Current ratio7.7828.0721.7623.448.416.482.392.768.526.72
Debt to equity----0.000.030.160.240.160.24

Source: XBRL data Wheaton Precious Metals Corp files with the SEC, latest filing dated Mar 31, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

WPM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WPM$2.31B+80.2%$1.47B63.6%$60.16B
NEM$26.61B+23.7%$9.24B34.7%$124.40B
AEM$11.91B+43.7%$4.46B37.5%$95.58B
B$16.96B+31.2%$4.99B29.4%$66.39B
FNV$1.82B+63.7%$1.11B61.0%$48.35B
AU$9.89B+70.8%$3.17B32.1%$44.79B
GFI$8.75B+68.2%$3.57B40.8%$33.86B
KGC$7.05B+36.9%$2.39B33.9%$25.44B
RGLD$1.76B+105.2%$838.55M47.7%$22.14B

WPM FAQ

8 questions
  • What is WPM revenue?
    Wheaton Precious Metals Corp (WPM) reported $2.31B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 80.2% from the year before.
  • Is WPM profitable?
    Yes. Wheaton Precious Metals Corp earned $1.47B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 63.6%.
  • How much cash and debt does WPM have?
    Wheaton Precious Metals Corp reported $1.15B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is WPM revenue growing?
    Wheaton Precious Metals Corp's revenue changed +80.2% in fiscal 2025, to $2.31B. Its compound annual growth rate was +16.1% over 5 years.
  • What is WPM gross margin?
    Wheaton Precious Metals Corp's gross profit was $1.67B on $2.31B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 72.2%.
  • What is WPM earnings per share?
    Diluted earnings per share were $3.24 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did WPM last report financial results?
    The latest statements here come from Wheaton Precious Metals Corp's 40-F filed on Mar 31, 2026, covering the period ended Dec 31, 2025.
  • Where does this WPM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Wheaton Precious Metals Corp files with the SEC. It is provided for information only and is not investment advice.