Wheaton Precious Metals (WPM) Equity Ratio (2015 - 2026)
Wheaton Precious Metals (WPM) reported Equity Ratio of 0.94 for Q1 2026, down 2.69% year-over-year from 0.96 in Q1 2025, and down 2.33% quarter-over-quarter from 0.96 in Q3 2025.
Wheaton Precious Metals (WPM) Equity Ratio (2015 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has 11 years of Equity Ratio data on file, last reported at 0.94 in Q1 2026.
- Equity Ratio for Q1 2026 came in at 0.94, down 2.69% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.94 (down 2.69% YoY), and the FY2025 annual result was 0.95, down 2.6% from the prior year.
- Equity Ratio declined to 0.94 in Q1 2026 per WPM's latest filing, from 0.96 in the prior quarter.
- Over five years, Equity Ratio peaked at 1.0 in Q2 2023 and troughed at 0.94 in Q1 2026.
- A 5-year average of 0.98 and a median of 0.98 in 2024 frame the typical range for Equity Ratio.
- The sharpest annual moves came in 2022 and 2026: Equity Ratio grew 0.15% in 2022, then decreased 2.69% in 2026.
- A 5-year view of Equity Ratio shows it stood at 0.99 in 2022, then advanced by 0.14% to 1.0 in 2023, then decreased by 0.72% to 0.99 in 2024, then fell by 2.71% to 0.96 in 2025, then fell by 2.33% to 0.94 in 2026.
- Business Quant data shows WPM's Equity Ratio at 0.94 in Q1 2026, 0.96 in Q3 2025, and 0.97 in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | 0.67 |
| 2 | Barrick Mining | 1,048.41 Bn | 1,051.14 Bn | 3.12 Bn | 0.70 |
| 3 | Wheaton Precious Metals | 429.35 Bn | 428.20 Bn | 699.37 Mn | 0.94 |
| 4 | Alamos Gold | 144.86 Bn | 144.19 Bn | 442.20 Mn | - |
| 5 | Gold Fields | 136.49 Bn | 134.71 Bn | - | - |
| 6 | Kinross Gold | 110.14 Bn | 107.96 Bn | 1.44 Bn | 0.71 |
| 7 | Newmont | 106.92 Bn | 98.31 Bn | 7.29 Bn | 0.61 |
| 8 | Equinox Gold | 51.34 Bn | 50.84 Bn | - | - |
| 9 | AngloGold Ashanti | 47.89 Bn | 44.92 Bn | 1.94 Bn | - |
| 10 | Aura Minerals | 47.46 Bn | 47.17 Bn | 19.58 Mn | 0.25 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.94 |
| Sep 30, 2025 | 0.96 |
| Jun 30, 2025 | 0.97 |
| Mar 31, 2025 | 0.96 |
| Jun 30, 2024 | 0.99 |
| Jun 30, 2023 | 1.00 |
| Dec 31, 2022 | 0.99 |
| Jun 30, 2022 | 1.00 |
| Dec 31, 2021 | 0.99 |
| Sep 30, 2021 | 0.99 |
| Jun 30, 2021 | 0.99 |
| Mar 31, 2019 | 0.81 |
| Dec 31, 2018 | 0.80 |
| Jun 30, 2018 | 0.84 |
| Dec 31, 2017 | 0.86 |
| Dec 31, 2016 | 0.80 |
| Dec 31, 2015 | 0.74 |