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Iamgold vs Wheaton Precious Metals: revenue, profit, margins and growth compared

Iamgold brought in $2.9B of revenue in fiscal 2025, Wheaton Precious Metals $2.3B in fiscal 2025. Revenue changed by +74.7% at Iamgold and +80.2% at Wheaton Precious Metals on the year before, so Wheaton Precious Metals grew faster. Iamgold kept 25.7% of its revenue as net profit, Wheaton Precious Metals 63.6%.

Side by side, latest fiscal year

IAGWPM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.9B$2.3B
Revenue growth+74.7%+80.2%
Net income$732.3M$1.5B
Net margin25.7%63.6%
Free cash flow$849.1Mn/a
Free cash flow margin29.8%n/a
Earnings per share (diluted)$1.14$3.24
Cash$421.9M$1.2B
Debtn/an/a
Price to earningsn/an/a
Market value$11.2B$64.9B
Dividend yieldn/an/a
Rank by revenue in sector#18 of 71 · Basic materials#20 of 71 · Basic materials

Over the years

Revenue
IAG FY2018: $1.1BIAG FY2019: $1.1BIAG FY2020: $1.2BIAG FY2021: $875.5MIAG FY2022: $958.8MIAG FY2023: $987.1MIAG FY2024: $1.6BIAG FY2025: $2.9BWPM FY2018: $794MWPM FY2019: $861.3MWPM FY2020: $1.1BWPM FY2021: $1.2BWPM FY2022: $1.1BWPM FY2023: $1BWPM FY2024: $1.3BWPM FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
IAG $2.9BWPM $2.3B
Net income
IAG FY2018: -$28.2MIAG FY2019: -$412.6MIAG FY2020: $42.6MIAG FY2021: -$254.4MIAG FY2022: -$70.1MIAG FY2023: $94.3MIAG FY2024: $819.6MIAG FY2025: $732.3MWPM FY2018: $427.1MWPM FY2019: $86.1MWPM FY2020: $507.8MWPM FY2021: $754.9MWPM FY2022: $669.1MWPM FY2023: $537.6MWPM FY2024: $529.1MWPM FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
IAG $732.3MWPM $1.5B
Net margin
IAG FY2018: -2.5%IAG FY2019: -38.7%IAG FY2020: 3.4%IAG FY2021: -29.1%IAG FY2022: -7.3%IAG FY2023: 9.6%IAG FY2024: 50.2%IAG FY2025: 25.7%WPM FY2018: 53.8%WPM FY2019: 10.0%WPM FY2020: 46.3%WPM FY2021: 62.8%WPM FY2022: 62.8%WPM FY2023: 52.9%WPM FY2024: 41.2%WPM FY2025: 63.6%FY18FY19FY20FY21FY22FY23FY24FY25
IAG 25.7%WPM 63.6%
Revenue growth
IAG FY2019: -4.1%IAG FY2020: +16.6%IAG FY2021: -29.5%IAG FY2022: +9.5%IAG FY2023: +3.0%IAG FY2024: +65.4%IAG FY2025: +74.7%WPM FY2019: +8.5%WPM FY2020: +27.3%WPM FY2021: +9.6%WPM FY2022: -11.4%WPM FY2023: -4.6%WPM FY2024: +26.4%WPM FY2025: +80.2%FY19FY20FY21FY22FY23FY24FY25
IAG +74.7%WPM +80.2%
Free cash flow
IAG FY2018: -$66.1MIAG FY2019: $114.9MIAG FY2020: $55.5MIAG FY2021: -$240.2MIAG FY2022: -$334MIAG FY2023: -$747.9MIAG FY2024: -$72.6MIAG FY2025: $849.1MFY18FY19FY20FY21FY22FY23FY24FY25
IAG $849.1MWPM

Fiscal years as each company reports them; the two may end in different months.

Questions about Iamgold and Wheaton Precious Metals

Which is bigger by revenue, Iamgold or Wheaton Precious Metals?

Iamgold is bigger by revenue: $2.9B in fiscal 2025, against $2.3B for Wheaton Precious Metals in fiscal 2025.

Which keeps more of its revenue as profit, Iamgold or Wheaton Precious Metals?

Iamgold had a net margin of 25.7% in fiscal 2025; Wheaton Precious Metals had 63.6% in fiscal 2025.

Which grew revenue faster, Iamgold or Wheaton Precious Metals?

In their latest fiscal years revenue changed by +74.7% at Iamgold and +80.2% at Wheaton Precious Metals.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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