Wheaton Precious Financials
This page shows Wheaton Precious (WPM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Wheaton Precious's revenue surged 26.4% year-over-year to $1.3B, reflecting rapid business expansion. This strong growth earns a score of 77/100.
Wheaton Precious carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 28.07, Wheaton Precious holds $28.07 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Wheaton Precious generates a 7.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is down from 7.7% the prior year.
Wheaton Precious passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Wheaton Precious generates $1.94 in operating cash flow ($1.0B OCF vs $529.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Wheaton Precious generated $1.3B in revenue in fiscal year 2024. This represents an increase of 26.4% from the prior year.
Wheaton Precious reported $529.1M in net income in fiscal year 2024. This represents a decrease of 1.6% from the prior year.
Cash & Balance Sheet
Wheaton Precious held $818.2M in cash against $4.9M in long-term debt as of fiscal year 2024.
Wheaton Precious had 454M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.
Margins & Returns
Wheaton Precious's net profit margin was 41.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 11.7 percentage points from the prior year.
Wheaton Precious's ROE was 7.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.
Capital Allocation
WPM Income Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $503.2M | N/A | $299.1M | N/A | N/A | $265.0M | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $110K | N/A | $72K | N/A | N/A | $36K | N/A | N/A |
| Income Tax | $45.7M | N/A | $50.5M | N/A | N/A | $6.1M | N/A | N/A |
| Net Income | $292.3M | N/A | $122.3M-25.4% | $164.0M | N/A | $141.4M+27.0% | $111.4M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WPM Balance Sheet
| Metric | Q2'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.0B+7.5% | $7.4B+2.4% | $7.2B | N/A | $7.0B+2.2% | $6.9B | N/A | $6.8B |
| Current Assets | $1.0B+23.9% | $828.1M+48.2% | $558.8M | N/A | $567.4M-33.2% | $849.4M | N/A | $720.1M |
| Cash & Equivalents | $1.0B+22.9% | $818.2M+51.5% | $540.2M+76.5% | $306.1M-44.0% | $546.5M-34.1% | $828.8M+3.6% | $799.7M+14.9% | $696.1M |
| Inventory | N/A | $0 | $0 | N/A | $1.4M-72.3% | $5.0M | N/A | $10.5M |
| Accounts Receivable | $15.6M+150.7% | $6.2M-35.6% | $9.7M | N/A | $10.1M+44.6% | $7.0M | N/A | $10.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $256.7M+55.5% | $165.1M+88.9% | $87.4M | N/A | $45.7M+36.4% | $33.5M | N/A | $42.2M |
| Current Liabilities | $139.1M+371.6% | $29.5M+41.8% | $20.8M | N/A | $26.1M+38.1% | $18.9M | N/A | $30.7M |
| Long-Term Debt | $7.7M+56.5% | $4.9M-7.4% | $5.3M | N/A | $5.6M-5.1% | $5.9M | N/A | $1.2M |
| Total Equity | $7.7B+6.4% | $7.3B+1.4% | $7.2B+1.1% | $7.1B+1.3% | $7.0B+2.0% | $6.8B+0.5% | $6.8B+1.4% | $6.7B |
| Retained Earnings | $3.9B+11.2% | $3.5B+2.9% | $3.4B | N/A | $3.2B+4.8% | $3.1B | N/A | $2.9B |
WPM Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $415.0M | N/A | $234.4M | N/A | N/A | $202.4M | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$347.9M | N/A | $131.7M | N/A | N/A | -$42.4M | N/A | N/A |
| Financing Cash Flow | -$146.9M | N/A | -$131.8M | N/A | N/A | -$131.0M | N/A | N/A |
| Dividends Paid | $147.9M | N/A | $139.1M | N/A | N/A | $131.1M | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WPM Financial Ratios
| Metric | Q2'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 58.1% | N/A | 40.9% | N/A | N/A | 53.4% | N/A | N/A |
| Return on Equity | 3.8% | N/A | 1.7%-0.6pp | 2.3% | N/A | 2.1%+0.4pp | 1.6% | N/A |
| Return on Assets | 3.7% | N/A | 1.7% | N/A | N/A | 2.1% | N/A | N/A |
| Current Ratio | 7.38-20.7 | 28.07+1.2 | 26.86 | N/A | 21.76-23.2 | 44.99 | N/A | 23.44 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.00 | N/A | 0.000.0 | 0.00 | N/A | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Wheaton Precious's annual revenue?
Wheaton Precious (WPM) reported $1.3B in total revenue for fiscal year 2024. This represents a 26.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wheaton Precious's revenue growing?
Wheaton Precious (WPM) revenue grew by 26.4% year-over-year, from $1.0B to $1.3B in fiscal year 2024.
Is Wheaton Precious profitable?
Yes, Wheaton Precious (WPM) reported a net income of $529.1M in fiscal year 2024, with a net profit margin of 41.2%.
How much debt does Wheaton Precious have?
As of fiscal year 2024, Wheaton Precious (WPM) had $818.2M in cash and equivalents against $4.9M in long-term debt.
What is Wheaton Precious's net profit margin?
Wheaton Precious (WPM) had a net profit margin of 41.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Wheaton Precious's return on equity (ROE)?
Wheaton Precious (WPM) has a return on equity of 7.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Wheaton Precious's operating cash flow?
Wheaton Precious (WPM) generated $1.0B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Wheaton Precious's total assets?
Wheaton Precious (WPM) had $7.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What is Wheaton Precious's current ratio?
Wheaton Precious (WPM) had a current ratio of 28.07 as of fiscal year 2024, which is generally considered healthy.
What is Wheaton Precious's debt-to-equity ratio?
Wheaton Precious (WPM) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wheaton Precious's return on assets (ROA)?
Wheaton Precious (WPM) had a return on assets of 7.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Wheaton Precious's Piotroski F-Score?
Wheaton Precious (WPM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wheaton Precious's earnings high quality?
Wheaton Precious (WPM) has an earnings quality ratio of 1.94x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Wheaton Precious?
Wheaton Precious (WPM) scores 76 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.