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Wheaton Precious Metals WPM

US equityMarket cap rank #252Silver Concept
$143.18
−$2.28 (-1.56%)
Market open · Sep 24, 2:00 pm ET
After hours $145.99 +0.37%
Open$144.20
Prev close$145.45
Day range$141.71 – $144.66
Volume1.15M
Market cap$65.02B
P/E (TTM)31.8
Dividend yield0.50%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$929.20M+84.7% YoY
Operating profit$667.06M+102.3% YoY
Net profit$543.24M+85.9% YoY
Diluted EPS$1.19+85.7% YoY
Free cash flow-$3.85B-5,847.9% YoY
Operating cash flow$649.52M

Revenue, last 8 quarters

$308.3MSep '24$380.5MDec '24$470.4MMar '25$503.2MJun '25$476.3MSep '25$864.7MDec '25$901.5MMar '26$929.2MJun '26

Net profit, last 8 quarters

$154.6MSep '24$88.1MDec '24$254.0MMar '25$292.3MJun '25$367.2MSep '25$558.2MDec '25$582.0MMar '26$543.2MJun '26

Diluted EPS by quarter

0.34Sep '240.19Dec '240.56Mar '250.64Jun '250.81Sep '251.23Dec '251.28Mar '261.19Jun '26

Free cash flow by quarter

$223.5MSep '24$200.5MDec '24$265.1MMar '25$67.0MJun '25$132.3MSep '25$99.2MDec '25$704.7MMar '26$-3.9BJun '26

Annual revenue

$1.1BFY20$1.2BFY21$1.1BFY22$1.0BFY23$1.3BFY24$2.3BFY25

Profitability & balance sheet

Gross margin75.3%
Operating margin72.6%
Net margin64.7%
Return on equity23.5%
Return on assets20.4%
Return on invested capital21.1%
Current ratio0.47
Liabilities / assets20.3%
Cash & investments$100.19M
Total debt$1.98B
Net cash (debt)-$1.88B

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Salobo$312.11M 38.1%
  • Penasquito$198.79M 24.3%
  • Antamina$150.55M 18.4%
  • Constancia$46.37M 5.7%
  • Blackwater$36.97M 4.5%
  • San Dimas$26.64M 3.3%
  • Sudbury$19.89M 2.4%
  • Voisey’s Bay$19.70M 2.4%
  • Other$8.63M 1.1%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $929.20M $901.47M $2.31B $864.71M $476.26M
Total Operating Revenue $929.20M $901.47M $2.31B $864.71M $476.26M
Cost of Revenue $241.35M $202.10M $642.95M $201.18M $140.27M
Gross Profit $687.86M $699.37M $1.67B $663.53M $335.99M
Operating Expense $20.80M $24.58M $90.01M $17.78M $20.48M
Selling and Admin Expenses $15.70M $21.79M $76.83M $13.03M $18.61M
-General & Admin Expense $15.70M $21.79M $76.83M $13.03M $18.61M
Depreciation & Amortization & Depletion $306,000.00 $431,000.00 $1.28M $349,000.00 $307,000.00
-Depreciation & Amortization $306,000.00 $431,000.00 $1.28M $349,000.00 $307,000.00
Other Taxes $131,000.00 $867,000.00 $1.17M $130,000.00 $156,000.00
Other Operating Expenses $4.67M $1.50M $10.74M $4.27M $1.41M
Operating Profit $667.06M $674.79M $1.58B $645.76M $315.51M
Net Non-Operating Interest Income (Expense) -$28.44M $11.61M $30.97M $8.30M $8.28M
Non-Operating Interest Income $2.66M $13.02M $36.73M $9.75M $9.72M
Non-Operating Interest Expense $30.41M $102,000.00 $429,000.00 $119,000.00 $109,000.00
Total Other Finance Costs $687,000.00 $1.30M $5.33M $1.33M $1.33M
Other Income (Expense) $6.42M $4.72M $85.46M -$3.38M $88.84M
Gain on Sale of Security $6.09M $1.71M $579,000.00 -$3.85M $2.68M
Other Non-Operating Income (Expenses) $323,000.00 $3.01M -$845,000.00 $478,000.00 $435,000.00
Pretax Profit $645.03M $691.12M $1.70B $650.68M $412.62M
Tax $101.80M $109.08M $226.35M $92.43M $45.41M
Net Profit $543.24M $582.04M $1.47B $558.25M $367.22M
Profit from Continuing Operations $543.24M $582.04M $1.47B $558.25M $367.22M
Net Income to Parent Company $543.24M $582.04M $1.47B $558.25M $367.22M
Net Income to Common Stockholders $543.24M $582.04M $1.47B $558.25M $367.22M
Basic EPS $1.20 $1.28 $3.24 $1.23 $0.81
Diluted EPS $1.19 $1.28 $3.24 $1.23 $0.81
Dividend Per Share $0.20 $0.20 $0.66 $0.17 $0.17
Special Income (Charges) – – $85.72M $0.00 $85.72M
-Less:Impairment of Capital Assets – – $0.00 – –
-Gain on Sale of Property/Plant/Equipment – – $85.72M $0.00 $85.72M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $12.16B $9.85B $9.13B $9.13B $8.42B
Total Current Assets $130.16M $2.19B $1.20B $1.20B $1.20B
Cash and Cash Equivalents & Short-Term Investments $100.19M $2.16B $1.15B $1.15B $1.16B
-Cash and Cash Equivalents $100.19M $2.16B $1.15B $1.15B $1.16B
Receivables $26.06M $18.04M $46.72M $46.72M $41.53M
-Accounts Receivable $25.07M $16.98M $45.02M $45.02M $15.13M
-Other Receivables $989,000.00 $1.06M $1.71M $1.71M $26.40M
Other Current Assets $3.92M $3.05M $1.33M $1.33M $1.25M
Total Non-Current Assets $12.03B $7.66B $7.92B $7.92B $7.22B
Net PPE $11.86B $7.48B $7.49B $7.49B $6.94B
-Gross PPE $15.43B $10.93B $10.89B $10.89B $10.25B
-Accumulated Depreciation -$3.58B -$3.45B -$3.40B -$3.40B -$3.31B
Investments and Advances $144.79M $161.88M $407.23M $407.23M $262.41M
-Available for Sale Securities $144.79M $161.88M $407.23M $407.23M $262.41M
Financial Assets $2.83M $2.34M $3.27M $3.27M $1.97M
Non-Current Note Receivables $10.00M – – – –
Non-Current Prepaid Assets $10.56M $10.36M $10.16M $10.16M $9.97M
Goodwill and Other Intangible Assets $929,000.00 $1.02M $1.12M $1.12M $1.22M
-Other Intangible Assets $929,000.00 $1.02M $1.12M $1.12M $1.22M
Non-Current Deferred Assets $6.02M $4.37M $4.70M $4.70M $5.04M
Other Non-Current Assets $536,000.00 $3.58M $542,000.00 $542,000.00 $541,000.00
Total Liabilities $2.47B $602.92M $435.27M $435.27M $326.76M
Total Current Liabilities $279.31M $482.35M $154.69M $154.69M $148.74M
Payables $263.53M $469.55M $132.51M $132.51M $125.44M
-Accounts Payable $15.75M $13.50M $22.56M $22.56M $15.41M
-Total Tax Payable $247.78M $367.51M $109.95M $109.95M $110.03M
Short-Term Debt and Capital Lease Obligation $586,000.00 $581,000.00 $575,000.00 $575,000.00 $572,000.00
-Current Capital Lease Obligation $586,000.00 $581,000.00 $575,000.00 $575,000.00 $572,000.00
Total Non-Current Liabilities $2.19B $120.57M $280.59M $280.59M $178.02M
Long Term Accounts Payable and Other Payables $186.60M $96.44M $252.27M $252.27M $153.14M
Long Term Debt and Capital Lease Obligation $1.98B $7.08M $7.33M $7.33M $7.42M
-Long Term Debt $1.97B – – – –
-Long Term Capital Lease Obligation $6.88M $7.08M $7.33M $7.33M $7.42M
Non-Current Deferred Liabilities $23.19M $9.49M $1.79M $1.79M $402,000.00
Employee Benefits $5.49M $7.56M $19.19M $19.19M $17.06M
Total Equity $9.69B $9.24B $8.69B $8.69B $8.09B
Stockholders' Equity $9.69B $9.24B $8.69B $8.69B $8.09B
Capital Stock $3.83B $3.82B $3.81B $3.81B $3.81B
-Common Stock $3.83B $3.82B $3.81B $3.81B $3.81B
Retained Earnings $5.78B $5.33B $4.70B $4.70B $4.21B
Gains/Losses Not Affecting Retained Earnings $53.57M $68.35M $144.60M $144.60M $35.85M
Other Equity Interests $32.96M $31.43M $32.31M $32.31M $30.84M
-Dividends Payable – $88.55M – – –
Prepaid Assets – – $2.53M $2.53M $2.71M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $649.52M $765.82M $1.90B $746.28M $382.95M
Net cash flow from continuing operations $649.52M $765.82M $1.90B $746.27M $382.95M
Net Income from Continuing Operations $543.24M $582.04M $1.47B $558.25M $367.22M
Gain/Loss from Continuing Operations -$2.66M -$13.02M -$123.50M -$10.03M -$95.68M
Depreciation & Depletion & Amortization $122.81M $77.28M $305.17M $86.58M $66.27M
Deferred Tax $101.80M $109.08M $226.35M $92.43M $45.41M
Other Non-Cash Items $24.56M -$31.65M -$8.28M $6.23M -$470,000.00
Change in Working Capital -$8.87M $18.78M -$30.41M $1.55M -$17.51M
-Change in Receivables -$8.44M $28.02M -$40.20M -$5.51M -$25.97M
-Change in Payables and Accrued Expense $437,000.00 -$9.06M $8.96M $6.92M $7.65M
-Change In Other Working Capital -$863,000.00 -$187,000.00 $832,000.00 $144,000.00 $816,000.00
Net cash flow from investing -$4.51B $251.10M -$1.28B -$676.88M -$158.60M
Net Cash Flow from Continuing Investing Activities -$4.51B $251.10M -$1.28B -$676.88M -$158.60M
Net PPE Purchase and Sale -$4.50B -$61.16M -$1.24B -$647.05M -$148.90M
Net Investment Purchase and Sale $0.00 $308.81M -$39.87M -$30.16M -$9.71M
Net Other Investing Changes -$10.27M $3.44M -$682,000.00 $40,000.00 -$231,000.00
Financing Cash Flow $1.80B -$2.47M -$290.56M -$73.51M -$72.51M
Net Cash Flow from Continuing Financing Activities $1.80B -$2.47M -$290.56M -$73.51M -$72.51M
Net Issuance Payments Of Debt $1.97B -$159,000.00 -$505,000.00 -$167,000.00 -$127,000.00
Cash Dividends Paid -$171.29M – -$296.37M -$74.20M -$74.23M
Proceeds from Stock Option Exercised $807,000.00 $739,000.00 $7.27M $856,000.00 $1.94M
Net Other Financing Charges -$2.07M -$3.05M -$955,000.00 $0.00 -$93,000.00
Ending Cash Balance $100.19M $2.16B $1.15B $1.15B $1.16B
Net Change in Cash -$2.06B $1.01B $335.28M -$4.11M $151.84M
Beginning Cash Balance $2.16B $1.15B $818.17M $1.16B $1.01B
Effect of Exchange Rate Changes -$1.77M -$3.54M $145,000.00 -$1,000.00 -$19,000.00
Free Cash Flow -$3.85B $704.67M $563.61M $99.23M $132.32M
Net Intangibles Purchase and Sale – – $0.00 – –
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