Wheaton Precious Metals Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Wheaton Precious Metals Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	892	843	794	861	1,096	1,202	1,065	1,016	1,285	2,315
Cost of revenue	563	506	498	515	511	543	500	443	482	643
Gross profit	328	337	296	346	586	659	565	573	803	1,672
Selling, general and administrative	34.4	34.7	51.7	54.5	65.7	35.1	35.8	38.2	40.7	46.8
Operating income		73.7	244	126	520	755	512	505	621	1,582
Interest expense		30.4	41.2	48.7	16.7	5.82	5.59	5.51	5.55	5.76
Pre-tax income	194	56.8	443	77.1	505	755	670	539	644	1,698
Income tax	-1.33	-0.89	15.9	-9.07	-2.48	-0.27	0.51	1.41	115	226
Net income	195	57.7	427	86.1	508	755	669	538	529	1,472
EPS, basic	0.45	0.13	0.96	0.19	1.13	1.68	1.48	1.19	1.17	3.24
EPS, diluted	0.45	0.13	0.96	0.19	1.13	1.67	1.48	1.19	1.17	3.24

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	124	98.5	75.8	104	193	226	696	547	818	1,154
Receivables	2.32	3.19	2.19	7.14	5.88	11.6	10.2	10.1	6.22	46.7
Inventory					0	8.71	10.5	1.37	0
Total current assets	128	103	79.7	155	202	250	720	567	828	1,204
Property, plant and equipment			3.63	7.31	6.29	5.51	4.21	7.64	8.69	9.93
Intangible assets			3.29	3.42	3.04	2.65	2.27	1.89	1.5	1.12
Total assets	6,153	5,683	6,470	6,278	5,957	6,296	6,760	7,031	7,424	9,126
Accounts payable	18.1	12.1	19.9	11.8	13	13.9	12.6	13.5	13.6	22.6
Total current liabilities	19.1	12.1	28.8	64.7	31.2	29.7	30.7	26.1	29.5	155
Lease liabilities			0	3.53	2.86	2.06	1.15	5.63	4.91	7.33
Total liabilities	1,213	784	1,298	952	243	46	42.2	45.7	165	435
Total debt	1,193	770	1,264	875	195	0
Retained earnings	1,439	1,351	1,648	1,566	1,941	2,504	2,898	3,248	3,525	4,699
Total equity	4,940	4,900	5,172	5,326	5,715	6,250	6,718	6,986	7,259	8,691
Total liabilities and equity	6,153	5,683	6,470	6,278	5,957	6,296	6,760	7,031	7,424	9,126

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	195	57.7	427	86.1	508	755	669	538	529	1,472
Cash from operations	584	539	477	502	765	845	743	751	1,028	1,905
Cash from investing	-805	-19.6	-861	10.6	150	-404	-44.3	-647	-488	-1,279
Debt issued	780		825	0
Debt repaid	-1,053	-423	-331	-390	-680	-195	0
Stock issued	633
Share buybacks	-33.1
Dividends paid	-78.7	-122	-133	-130	-167	-218	-237	-265	-279	-296
Cash from financing	242	-545	361	-484	-827	-408	-229	-254	-267	-291
Exchange rate effect	-0.22	0.06	0.25	0.16	0.5	0.04	-0.2	0.52	-0.25	0.15
Net change in cash	21	-25.8	-22.8	28.2	88.7	33.4	470	-150	272	335
Interest paid	23.3	25.2	35.4	42.1	14	0.43	0.09	0.19	0.29	0.43
Income taxes paid		0.58	0.96	5.38	-0.05	0.28	0.17	6.19	-8.52	3.65

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $142.92 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	72.2%	Gross profit / revenue.
Operating margin	68.3%	Operating income / revenue.
Pre-tax margin	73.4%	Pre-tax income / revenue.
Net margin	63.6%	Net income / revenue.
Operating cash flow margin	82.3%	Cash from operations / revenue.
Effective tax rate	13.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	17.8%	Net income / average total assets.
SG&A / revenue	2.0%	Selling, general and administrative expense / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	80.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	29.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	16.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	108.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	43.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	23.3%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	154.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	45.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	24.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	178.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	30.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	23.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	177.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	29.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	23.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	85.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	36.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	20.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	22.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	8.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	7.78x	Current assets / current liabilities.
Quick ratio	7.76x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	7.46x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	4.8%	Total liabilities / total assets.
Interest coverage	275x	Operating income / interest expense.
Working capital	$1.05B	Current assets - current liabilities.
Goodwill and intangibles / assets	0.0%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.28x	Revenue / average total assets.
Fixed asset turnover	249x	Revenue / average property, plant and equipment.
Receivables turnover	87.4x	Revenue / average receivables.
Days sales outstanding	4 days	365 x average receivables / revenue.
Days payables	10 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.24	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$3.24	Net income per basic share, as reported (split-adjusted).
Payout ratio	20.1%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$64.91B	Share price x shares outstanding.
Enterprise value	$63.75B	Market cap + total debt - cash - short-term investments.
P/E	44.1x	Market cap / net income. Only when net income is positive.
P/S	28.0x	Market cap / revenue.
P/OCF	34.1x	Market cap / cash from operations, when positive.
EV/Sales	27.5x	Enterprise value / revenue.
EV/EBIT	40.3x	Enterprise value / operating income, when both are positive.
Earnings yield	2.3%	Net income / market cap (the inverse of P/E).
Dividend yield	0.5%	Dividends paid over the period / market cap.
Shareholder yield	0.5%	(Dividends paid + share buybacks) / market cap.
PEG	1.48x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Wheaton Precious Metals Corp.'s revenue in fiscal 2025?

Wheaton Precious Metals Corp. reported revenue of $2.31B for fiscal 2025, 80.2% higher than the year before.

Was Wheaton Precious Metals Corp. profitable in fiscal 2025?

Yes. Net income was $1.47B, a net margin of 63.6%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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