Wheaton Precious Metals Corp.
WPM · Gold and Silver Ores · EDGAR filings ↗
Grade
A86Dominant precious-metals streaming franchise with asset-light economics, top-decile margins, and high growth.
Strengths
- Elite margins: net 63.8% (94.7th), operating 68% (93.8th), OCF 82% (94.4th); ROA 16% (93.6th pct)
- Durable streaming moat, fortress balance sheet (current ratio 7.8, interest coverage 275x), revenue +80% and net income +178%
Risks
- Returns ride precious-metal prices; counterparty/mine-operating risk at partner mines
- ROE 16.9% (78th) is strong but moderated by a large equity base
Notable findings
- Strong balance sheetStrong balance sheet — $1.2B cash & investments
Key metrics
Gross margin
72.2%
Operating margin
68.3%
Net margin
63.6%
Return on equity
16.9%
Return on assets
16.1%
Revenue growth (QoQ)
80.2%
Net-income growth
178.1%
Interest coverage
274.6×
Current ratio
7.8×
Tangible book value
$8.7B
Cash & investments
$1.2B
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-31 | 2025-12-31 | 0001193125-26-134908 ↗ |
| 40-F | 2025-03-31 | 2024-12-31 | 0001193125-25-068900 ↗ |
| 40-F | 2024-03-28 | 2023-12-31 | 0001193125-24-080810 ↗ |
| 40-F | 2023-03-31 | 2022-12-31 | 0001193125-23-088220 ↗ |
| 40-F | 2022-03-31 | 2021-12-31 | 0001193125-22-091967 ↗ |
| 40-F | 2021-03-31 | 2020-12-31 | 0001193125-21-102453 ↗ |
| 40-F | 2020-03-30 | 2019-12-31 | 0001193125-20-091051 ↗ |
| 40-F | 2019-04-01 | 2018-12-31 | 0001193125-19-094594 ↗ |
| 40-F | 2018-03-29 | 2017-12-31 | 0001193125-18-102198 ↗ |
| 40-F | 2017-03-31 | 2016-12-31 | 0001062993-17-001625 ↗ |
| 40-F | 2016-03-30 | 2015-12-31 | 0001062993-16-008586 ↗ |
| 40-F | 2015-03-31 | 2014-12-31 | 0001062993-15-001691 ↗ |