MARKETS / NYSE / Materials / Metal mining / WPM

NYSE · GOLD AND SILVER ORES

Wheaton Precious Metals Corp. WPM

10 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$2.3B

▲ 80.2% YoY

Net income

$1.5B

▲ 178.1% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Pursuant to its precious metal purchase agreements, Wheaton acquires metal production from counterparties for an initial upfront payment plus an additional cash payment for each ounce or pound delivered, fixed by contract generally at or below the prevailing market price. As of December 31, 2025, the Company had entered into 42 PMPAs with 34 different mining companies, relating to mining assets located in 18 countries. During the year ended December 31, 2025, sales to three financial institutions accounted for 37%, 26% and 10% of the Company's revenue. As of March 26, 2026, the Company and its subsidiaries had an aggregate of 47 employees.

Written from the business description in Wheaton Precious Metals Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 2.3B

Revenue, FY2025 · full 10-year series below

Revenue $B Net income $B

FY2025 · Revenue 2.3 · Net income 1.5

1B2B

2016201920222025

Compound annual growth

Revenue

+29.5%

+16.1%

Net income

+30.0%

+23.7%

EPS, diluted

+29.8%

+23.5%

Returned to shareholders

+7.7%

+12.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +16.1% a year over the five years to FY2025 — but profit grew faster: net income at +23.7%, earnings per share at +23.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

64 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 68.3% · Net 63.6%

20%40%60%

201620202025

ROE

FY2025 · ROE 18.5%

5%10%15%

201620202025

Three returns, three denominators.

Return on equity18.5%

Return on assets17.8%

Return on capital employed19.3%

Gross margin72.2%

Operating margin68.3%

Net margin63.6%

EBITDA·

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders

USD 296.4M

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends 296.4 · Net buybacks ·

150.0M300.0M-250.0M-500.0MDividendsNet buybacks

2016201720182019202020212022202320242025

Dividends paidUSD 296.4M

Net buybacks·

Share of profit20.1%

Consecutive raises·

USD 296.4M in dividends — 20% of the year's profit went back to shareholders.

Total assetsUSD 9.1B

CashUSD 1.2B

Current ratio7.78×

Not available: we don't have the total debt figure for this period.

The 10-year record

10 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

WPM, 10-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue $B	2.3	1.3	1.0	1.1	1.2	1.1	0.9	0.8	0.8	0.9
Operating income $B	1.6	0.6	0.5	0.5	0.8	0.5	0.1	0.2	0.1	◌
EBITDA $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	0.2	0.1	0.0	0.0	−0.0	−0.0	−0.0	0.0	−0.0	−0.0
Net income $B	1.5	0.5	0.5	0.7	0.8	0.5	0.1	0.4	0.1	0.2
EPS, diluted $	3.24	1.17	1.19	1.48	1.67	1.13	0.19	0.96	0.13	0.45
Dividend / sh $	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Payout %	20	53	49	35	29	33	151	31	211	40
ROE %	18.5	7.4	7.8	10.3	12.6	9.2	1.6	8.5	1.2	4.0
Shares out B	◌	0.45	0.45	0.45	0.45	0.45	0.45	0.44	0.44	0.44

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

PG · MT · RIO · BHP · NKE · DOW

Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityGold and Silver Ores

Listed onNYSE

Incorporated inoutside the United States — SEC code A6

Fiscal year endsDecember 31

Data on record since2016