Wheaton Precious Metals (WPM) FCF Margin (2009 - 2026)
Wheaton Precious Metals' FCF Margin came in at 69.90% for the quarter ended Jun 30, 2026, down 12.56 percentage points from 82.46% a year earlier and down 15.05 percentage points from the prior quarter.
Wheaton Precious Metals (WPM) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Wheaton Precious Metals reported FCF Margin of 77.57%, down 3.62 percentage points year-over-year; for the year ended Dec 31, 2025, it was 195.66%, up 115.67 percentage points from the prior year.
- FCF Margin has increased in each of the last three years, with a five-year change of +125.83 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, FCF Margin was 79.99% in the year ended Dec 31, 2024 (+6.09 pp), 73.90% in the year ended Dec 31, 2023 (+4.09 pp), 69.80% in the year ended Dec 31, 2022 (-0.53 pp) and 70.33% in the year ended Dec 31, 2021 (+0.51 pp).
- The figure for the quarter ended Jun 30, 2026 represents the lowest quarterly FCF Margin since the quarter ended Mar 31, 2023.
- Year-over-year, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +0.71 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in the quarter ended Mar 31, 2024 (a gain of 10.92 percentage points), and the weakest in the quarter ended Jun 30, 2026 (a drop of 12.56 percentage points).
- Business Quant data shows WPM's FCF Margin at 84.95% (quarter ended Mar 31, 2026), 76.65% (quarter ended Dec 31, 2025) and 80.41% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 15.78% |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 37.86% |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 55.96% |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | - |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 30.52% |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 25.83% |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 69.90% |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 83.08% |
| 10 | Ameriprise Financial | 43.92 Bn | 5.34 Bn | 4.72 Bn | 56.83% |
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% |
Wheaton Precious Metals FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=WPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "WPM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=WPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();