Wheaton Precious Metals (WPM) Change in Working Capital (2009 - 2026)

Wheaton Precious Metals (WPM) posted quarterly Change in Working Capital of $18.8 million for Q1 2026, up 342.52% YoY from $4.2 million in Q1 2025, and down 54.09% sequentially from $40.9 million in Q4 2025.

Wheaton Precious Metals (WPM) Change in Working Capital (2009 - 2026) Analysis & Trends

Wheaton Precious Metals has disclosed Change in Working Capital across 18 years of filings, most recently posting $18.8 million for Q1 2026.

  • In Q1 2026, Change in Working Capital rose 342.52% year-over-year to $18.8 million; the TTM figure through Mar 2026 stood at $35.4 million (up 758.54% YoY), while the FY2025 annual figure was $8.9 million, up 97.81% from the prior year.
  • Change in Working Capital slipped to $18.8 million in Q1 2026, from $40.9 million in the prior quarter.
  • Over the last five years, Change in Working Capital for WPM reached as high as $40.9 million in Q4 2025 and fell as low as -$17.5 million in Q3 2025.
  • The 5-year median for Change in Working Capital is $2.1 million (2023), against an average of $2.0 million.
  • The widest YoY moves for Change in Working Capital: up 1183.55% in 2025, down 717.27% in 2025.
  • A 5-year view of Change in Working Capital shows it stood at $3.9 million in 2022, then tumbled by 45.97% to $2.1 million in 2023, then soared by 51.5% to $3.2 million in 2024, then soared by 1183.55% to $40.9 million in 2025, then tumbled by 54.09% to $18.8 million in 2026.
  • According to Business Quant data, Change in Working Capital over the past three periods registered $18.8 million, $40.9 million, and -$17.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn -302.00 Mn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn -
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -10.47 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 18.78 Mn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -27.35 Mn
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 510.90 Mn
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn -7.30 Mn
10 Pan American Silver 18.70 Bn 17.09 Bn 608,000.00 -29.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 18.78 Mn
Mar 31, 2026 18.78 Mn
Dec 31, 2025 40.89 Mn
Dec 31, 2025 40.89 Mn
Sep 30, 2025 -17.51 Mn
Sep 30, 2025 -17.51 Mn
Jun 30, 2025 -6.71 Mn
Jun 30, 2025 -6.71 Mn
Mar 31, 2025 -7.74 Mn
Mar 31, 2025 -7.74 Mn
Dec 31, 2024 3.19 Mn
Dec 31, 2024 3.19 Mn
Sep 30, 2024 2.84 Mn
Sep 30, 2024 2.84 Mn
Jun 30, 2024 -3.66 Mn
Jun 30, 2024 -3.66 Mn
Mar 31, 2024 2.16 Mn
Mar 31, 2024 2.16 Mn
Dec 31, 2023 2.10 Mn
Dec 31, 2023 2.10 Mn