Wheaton Precious Metals (WPM) Invested Capital (2009 - 2026)
Wheaton Precious Metals (WPM) recorded Invested Capital of $10.05 billion in Q3 2026, up 23.9% from $8.12 billion a year earlier but down 13.8% from the prior quarter.
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Analysis
Wheaton Precious Metals (WPM) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Wheaton Precious Metals reported Invested Capital of $8.73 billion, up 19.9% from FY2024.
- Annual Invested Capital has increased for five straight years, with a five-year compound annual growth rate of 8.0% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $7.29 billion in FY2024 (+3.8%), $7.02 billion in FY2023 (+4.0%), $6.75 billion in FY2022 (+7.4%) and $6.28 billion in FY2021 (+5.7%).
- Quarterly Invested Capital has ranged from $6.28 billion in Q4 2021 to $11.66 billion in Q2 2026 over the past five years.
- On a year-over-year basis, Invested Capital has increased for 20 consecutive quarters, with growth averaging 18.2% over the last eight quarters.
- The year-over-year growth in Invested Capital has ranged between 3.8% (Q4 2024) and 50.4% (Q2 2026) over the last five years.
- Per Business Quant, the preceding three quarters came in at $11.66 billion (Q2 2026), $9.26 billion (Q1 2026) and $8.73 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 189.07 Bn | 145.60 Bn | - | 76.67 Bn |
| 2 | Spdr Gold Trust | 125.11 Bn | -432.90 Bn | - | - |
| 3 | Brookfield | 101.47 Bn | -96.66 Bn | - | 191.55 Bn |
| 4 | Blackstone | 91.35 Bn | 85.56 Bn | - | 32.99 Bn |
| 5 | Kkr | 87.89 Bn | 54.59 Bn | 1.76 Bn | 129.79 Bn |
| 6 | Brookfield Asset Management | 82.34 Bn | 77.22 Bn | - | 15.28 Bn |
| 7 | Apollo Global Management | 72.94 Bn | 89.74 Bn | 4.14 Bn | 38.04 Bn |
| 8 | Wheaton Precious Metals | 59.70 Bn | 59.70 Bn | 538.50 Mn | 10.05 Bn |
| 9 | Ares Management | 48.49 Bn | 47.07 Bn | 376.28 Mn | 13.25 Bn |
| 10 | Franco Nevada | 47.61 Bn | 43.98 Bn | 427.60 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.05 Bn |
| Jun 30, 2026 | 11.66 Bn |
| Mar 31, 2026 | 9.26 Bn |
| Dec 31, 2025 | 8.73 Bn |
| Sep 30, 2025 | 8.12 Bn |
| Jun 30, 2025 | 7.75 Bn |
| Mar 31, 2025 | 7.56 Bn |
| Dec 31, 2024 | 7.29 Bn |
| Sep 30, 2024 | 7.29 Bn |
| Jun 30, 2024 | 7.17 Bn |
| Mar 31, 2024 | 7.17 Bn |
| Dec 31, 2023 | 7.02 Bn |
| Sep 30, 2023 | 6.87 Bn |
| Jun 30, 2023 | 6.86 Bn |
| Mar 31, 2023 | 6.90 Bn |
| Dec 31, 2022 | 6.75 Bn |
| Sep 30, 2022 | 6.57 Bn |
| Jun 30, 2022 | 6.43 Bn |
| Mar 31, 2022 | 6.46 Bn |
| Dec 31, 2021 | 6.28 Bn |
API Access
Wheaton Precious Metals Invested Capital 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=invested-capital&ticker=WPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=WPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();