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Stocks · Materials · Gold and Silver Ores

Wheaton Precious Metals Corp.

WPM Clue Score84
British Columbia, Canada Fiscal year ends December CIK 0001323404
$138.65 +2.73% Close, 9 Oct 2026
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Price $138.65 +266.02% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue891.6Net income195.1EPS, diluted0.45Fiscal year 2017Revenue843.2 −5.4%Operating income73.7Net income57.7 −70.4%EPS, diluted0.13 −71.1%Fiscal year 2018Revenue794.0 −5.8%Operating income244.3Net income427.1 +640.2%EPS, diluted0.96 +638.5%Fiscal year 2019Revenue861.3 +8.5%Operating income125.5Net income86.1 −79.8%EPS, diluted0.19 −79.9%Fiscal year 2020Revenue1,096.2 +27.3%Operating income519.9Net income507.8 +489.5%EPS, diluted1.13 +484.5%Fiscal year 2021Revenue1,201.7 +9.6%Operating income754.7Net income754.9 +48.7%EPS, diluted1.67 +48.3%Fiscal year 2022Revenue1,065.1 −11.4%Operating income511.9Net income669.1 −11.4%EPS, diluted1.48 −11.6%Fiscal year 2023Revenue1,016.0 −4.6%Operating income505.3Net income537.6 −19.6%EPS, diluted1.19 −19.8%Fiscal year 2024Revenue1,284.6 +26.4%Operating income620.8Net income529.1 −1.6%EPS, diluted1.17 −1.8%Fiscal year 2025Revenue2,314.6 +80.2%Operating income1,581.6Net income1,471.7 +178.1%EPS, diluted3.24 +177.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 891.6 843.2 794.0 861.3 1,096.2 1,201.7 1,065.1 1,016.0 1,284.6 2,314.6
Growth −5.4% −5.8% +8.5% +27.3% +9.6% −11.4% −4.6% +26.4% +80.2%
Operating income n/a 73.7 244.3 125.5 519.9 754.7 511.9 505.3 620.8 1,581.6
Net income 195.1 57.7 427.1 86.1 507.8 754.9 669.1 537.6 529.1 1,471.7
Growth −70.4% +640.2% −79.8% +489.5% +48.7% −11.4% −19.6% −1.6% +178.1%
EPS, diluted 0.45 0.13 0.96 0.19 1.13 1.67 1.48 1.19 1.17 3.24
Growth −71.1% +638.5% −79.9% +484.5% +48.3% −11.6% −19.8% −1.8% +177.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin36.8%Net margin21.9%Fiscal year 2017Gross margin40.0%Operating margin8.7%Net margin6.8%Fiscal year 2018Gross margin37.3%Operating margin30.8%Net margin53.8%Fiscal year 2019Gross margin40.2%Operating margin14.6%Net margin10.0%Fiscal year 2020Gross margin53.4%Operating margin47.4%Net margin46.3%Fiscal year 2021Gross margin54.8%Operating margin62.8%Net margin62.8%Fiscal year 2022Gross margin53.1%Operating margin48.1%Net margin62.8%Fiscal year 2023Gross margin56.4%Operating margin49.7%Net margin52.9%Fiscal year 2024Gross margin62.5%Operating margin48.3%Net margin41.2%Fiscal year 2025Gross margin72.2%Operating margin68.3%Net margin63.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 36.8% 40.0% 37.3% 40.2% 53.4% 54.8% 53.1% 56.4% 62.5% 72.2%
Operating margin n/a 8.7% 30.8% 14.6% 47.4% 62.8% 48.1% 49.7% 48.3% 68.3%
Net margin 21.9% 6.8% 53.8% 10.0% 46.3% 62.8% 62.8% 52.9% 41.2% 63.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow584.3Buybacks−33.1Dividends paid−78.7Fiscal year 2017Operating cash flow538.8Dividends paid−121.9Fiscal year 2018Operating cash flow477.4Dividends paid−132.9Fiscal year 2019Operating cash flow501.6Dividends paid−130.0Fiscal year 2020Operating cash flow765.4Dividends paid−167.2Fiscal year 2021Operating cash flow845.1Dividends paid−218.1Fiscal year 2022Operating cash flow743.4Dividends paid−237.1Fiscal year 2023Operating cash flow750.8Dividends paid−265.1Fiscal year 2024Operating cash flow1,027.6Dividends paid−279.1Fiscal year 2025Operating cash flow1,905.0Dividends paid−296.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 584.3 538.8 477.4 501.6 765.4 845.1 743.4 750.8 1,027.6 1,905.0
Buybacks −33.1 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Dividends paid −78.7 −121.9 −132.9 −130.0 −167.2 −218.1 −237.1 −265.1 −279.1 −296.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash124.3Shareholders’ equity4,940.0Fiscal year 2017Cash98.5Shareholders’ equity4,899.7Fiscal year 2018Cash75.8Shareholders’ equity5,171.9Fiscal year 2019Cash104.0Shareholders’ equity5,325.9Fiscal year 2020Cash192.7Shareholders’ equity5,714.6Fiscal year 2021Cash226.0Shareholders’ equity6,250.1Fiscal year 2022Cash696.1Shareholders’ equity6,717.7Fiscal year 2023Cash546.5Shareholders’ equity6,985.5Fiscal year 2024Cash818.2Shareholders’ equity7,259.4Fiscal year 2025Cash1,153.6Shareholders’ equity8,690.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 124.3 98.5 75.8 104.0 192.7 226.0 696.1 546.5 818.2 1,153.6
Shareholders’ equity 4,940.0 4,899.7 5,171.9 5,325.9 5,714.6 6,250.1 6,717.7 6,985.5 7,259.4 8,690.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
891.6 843.2 794.0 861.3 1,096.2 1,201.7 1,065.1 1,016.0 1,284.6 2,314.6
Growth −5.4% −5.8% +8.5% +27.3% +9.6% −11.4% −4.6% +26.4% +80.2%
563.1 506.2 498.1 515.4 510.7 542.7 499.6 442.6 482.1 643.0
328.4 337.0 295.9 345.9 585.6 658.9 565.5 573.4 802.6 1,671.6
Growth +2.6% −12.2% +16.9% +69.3% +12.5% −14.2% +1.4% +40.0% +108.3%
34.4 34.7 51.7 54.5 65.7 35.1 35.8 38.2 40.7 46.8
n/a 73.7 244.3 125.5 519.9 754.7 511.9 505.3 620.8 1,581.6
Growth +231.5% −48.6% +314.1% +45.2% −32.2% −1.3% +22.9% +154.8%
193.8 56.8 443.0 77.1 505.3 754.6 669.6 539.1 644.3 1,698.1
−1.3 −0.9 15.9 −9.1 −2.5 −0.3 0.5 1.4 115.2 226.3
195.1 57.7 427.1 86.1 507.8 754.9 669.1 537.6 529.1 1,471.7
Growth −70.4% +640.2% −79.8% +489.5% +48.7% −11.4% −19.6% −1.6% +178.1%
Per share
0.45 0.13 0.96 0.19 1.13 1.68 1.48 1.19 1.17 3.24
0.45 0.13 0.96 0.19 1.13 1.67 1.48 1.19 1.17 3.24
Growth −71.1% +638.5% −79.9% +484.5% +48.3% −11.6% −19.8% −1.8% +177.9%
430.5 442.0 443.4 446.0 448.7 450.1 451.6 452.8 453.5 453.9
430.8 442.4 443.9 446.9 450.1 451.2 452.3 453.5 454.1 454.7
Growth +2.7% +0.3% +0.7% +0.7% +0.2% +0.3% +0.2% +0.1% +0.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 16.1% a year over five years, and earnings per share grew 23.5% a year.
  • The diluted share count rose 1.0% in five years, which is dilution.
  • Operating margin is up 20.9 points on five years ago, at 68.3%.
  • Profitable in every one of the 10 years on file.