Wheaton Precious Metals (WPM) EBT Margin (2009 - 2026)
Wheaton Precious Metals (WPM) reported EBT Margin of 76.67% for Q1 2026, up 1358.0% year-over-year from 5.26% in Q1 2025, and up 13.09% quarter-over-quarter from 67.79% in Q4 2025.
Wheaton Precious Metals (WPM) EBT Margin (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has 18 years of EBT Margin data on file, last reported at 76.67% in Q1 2026.
- EBT Margin for Q1 2026 came in at 76.67%, up 1358.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 76.65% (up 1619.0% YoY), and the FY2025 annual result was 73.36%, up 2321.0% from the prior year.
- EBT Margin grew to 76.67% in Q1 2026 per WPM's latest filing, from 67.79% in the prior quarter.
- Over five years, EBT Margin peaked at 95.26% in Q3 2022 and troughed at 16.25% in Q4 2023.
- A 5-year average of 58.99% and a median of 57.79% in 2024 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2022 and 2023: EBT Margin soared 4493 bps in 2022, then plunged 4888 bps in 2023.
- A 5-year view of EBT Margin shows it stood at 65.14% in 2022, then sank by 75 bps to 16.25% in 2023, then surged by 103 bps to 32.94% in 2024, then soared by 106 bps to 67.79% in 2025, then increased by 13 bps to 76.67% in 2026.
- Business Quant data shows WPM's EBT Margin at 76.67% in Q1 2026, 67.79% in Q4 2025, and 86.64% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | - |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 61.86% |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 76.67% |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 52.82% |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 54.87% |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 62.72% |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | - |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 60.23% |
| 10 | Aura Minerals | 44.23 Bn | 43.94 Bn | 19.58 Mn | 45.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.67% |
| Dec 31, 2025 | 67.79% |
| Sep 30, 2025 | 86.64% |
| Jun 30, 2025 | 67.17% |
| Mar 31, 2025 | 63.09% |
| Dec 31, 2024 | 32.94% |
| Sep 30, 2024 | 59.09% |
| Jun 30, 2024 | 57.79% |
| Mar 31, 2024 | 55.26% |
| Dec 31, 2023 | 16.25% |
| Sep 30, 2023 | 54.46% |
| Jun 30, 2023 | 55.70% |
| Mar 31, 2023 | 48.87% |
| Dec 31, 2022 | 65.14% |
| Sep 30, 2022 | 95.26% |
| Jun 30, 2022 | 49.28% |
| Mar 31, 2022 | 51.47% |
| Dec 31, 2021 | 105.14% |
| Sep 30, 2021 | 50.33% |
| Dec 31, 2020 | 52.81% |