Wheaton Precious Metals (WPM) FCF Margin (2009 - 2026)
Wheaton Precious Metals' (WPM) quarterly FCF Margin came in at 69.9% in Q2 2026, down 1256.0% year-over-year from 6.05% in Q2 2025, and down 17.72% quarter-over-quarter from 84.95% in Q1 2026.
Analysis
Wheaton Precious Metals (WPM) FCF Margin (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has reported FCF Margin for 18 consecutive years, with 69.9% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin fell 1256.0% year-over-year to 69.9% in Q2 2026; TTM through Jun 2026 was 77.57%, a 362.0% decrease from a year earlier, with the FY2025 full-year figure at 82.3%, up 231.0% from the prior year.
- FCF Margin was 69.9% for Q2 2026 at Wheaton Precious Metals, down from 84.95% in the prior quarter.
- Over five years, FCF Margin peaked at 84.95% in Q1 2026 and troughed at 63.0% in Q1 2023.
- A 5-year average of 75.74% and a median of 76.66% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin jumped 1092 bps in 2024 and tumbled 1256 bps in 2026, its largest moves.
- Over 5 years, FCF Margin stood at 72.88% in 2022, then gained by 6 bps to 77.27% in 2023, then rose by 9 bps to 83.96% in 2024, then retreated by 9 bps to 76.65% in 2025, then retreated by 9 bps to 69.9% in 2026.
- The last three FCF Margin figures came in at 69.9% (Q2 2026), 84.95% (Q1 2026), and 76.65% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 102.43 Bn | 104.87 Bn | - | 37.86% |
| 2 | Kkr | 96.71 Bn | -180.36 Bn | - | 55.96% |
| 3 | Brookfield Asset Management | 80.84 Bn | 80.57 Bn | - | 30.52% |
| 4 | Apollo Global Management | 76.99 Bn | 72.09 Bn | 10.54 Bn | 25.83% |
| 5 | Wheaton Precious Metals | 70.37 Bn | 70.27 Bn | 687.86 Mn | 69.90% |
| 6 | Franco Nevada | 51.31 Bn | 49.77 Bn | 451.00 Mn | 83.08% |
| 7 | Ares Management | 50.50 Bn | 55.42 Bn | - | -26.91% |
| 8 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | - |
| 9 | Tpg | 20.58 Bn | 22.14 Bn | - | 17.82% |
| 10 | Blue Owl Capital | 18.30 Bn | 21.75 Bn | - | 60.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.90% |
| Mar 31, 2026 | 84.95% |
| Dec 31, 2025 | 76.65% |
| Sep 30, 2025 | 80.41% |
| Jun 30, 2025 | 82.46% |
| Mar 31, 2025 | 76.70% |
| Dec 31, 2024 | 83.96% |
| Sep 30, 2024 | 82.51% |
| Jun 30, 2024 | 78.38% |
| Mar 31, 2024 | 73.91% |
| Dec 31, 2023 | 77.27% |
| Sep 30, 2023 | 76.68% |
| Jun 30, 2023 | 76.38% |
| Mar 31, 2023 | 63.00% |
| Dec 31, 2022 | 72.88% |
| Sep 30, 2022 | 70.60% |
| Jun 30, 2022 | 68.12% |
| Mar 31, 2022 | 68.53% |
| Dec 31, 2021 | 70.20% |
| Sep 30, 2021 | 74.84% |