Wheaton Precious Metals (WPM) Invested Capital (2009 - 2026)
Wheaton Precious Metals (WPM) recorded Invested Capital of $9.71 billion in the quarter ended Jun 30, 2026, up 25.3% from $7.74 billion a year earlier and up 4.9% from the prior quarter.
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Analysis
Wheaton Precious Metals (WPM) Invested Capital (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Wheaton Precious Metals reported Invested Capital of $8.71 billion, up 19.8% from the prior year.
- Annual Invested Capital has increased for six straight years, with a five-year compound annual growth rate of 8.7% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Invested Capital came in at $7.27 billion in the year ended Dec 31, 2024 (+3.9%), $7 billion in the year ended Dec 31, 2023 (+3.9%), $6.73 billion in the year ended Dec 31, 2022 (+7.5%) and $6.26 billion in the year ended Dec 31, 2021 (+9.3%).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Invested Capital in data going back to the quarter ended Mar 31, 2013.
- On a year-over-year basis, Invested Capital has increased for 24 consecutive quarters, with growth averaging 13.0% over the last eight quarters.
- The year-over-year growth in Invested Capital has ranged between 3.9% (the quarter ended Mar 31, 2024) and 25.3% (the quarter ended Jun 30, 2026) over the last five years.
- Per Business Quant, the preceding three quarters came in at $9.26 billion (quarter ended Mar 31, 2026), $8.71 billion (quarter ended Dec 31, 2025) and $8.12 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 173.27 Bn | 119.63 Bn | - | 70.58 Bn |
| 2 | Spdr Gold Trust | 129.05 Bn | -428.96 Bn | - | - |
| 3 | Blackstone | 88.78 Bn | 83.71 Bn | - | 34.26 Bn |
| 4 | Brookfield | 85.33 Bn | -97.75 Bn | - | 18.80 Bn |
| 5 | Kkr | 82.00 Bn | 48.48 Bn | - | 130.86 Bn |
| 6 | Brookfield Asset Management | 75.12 Bn | 71.37 Bn | - | 12.65 Bn |
| 7 | Apollo Global Management | 64.96 Bn | 2.65 Bn | 10.56 Bn | 55.21 Bn |
| 8 | Wheaton Precious Metals | 54.88 Bn | 50.30 Bn | 687.86 Mn | 11.68 Bn |
| 9 | Franco Nevada | 44.09 Bn | 41.46 Bn | 451.00 Mn | - |
| 10 | Ares Management | 43.97 Bn | 42.65 Bn | - | 13.18 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.68 Bn |
| Mar 31, 2026 | 9.26 Bn |
| Dec 31, 2025 | 8.71 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 |
| Sep 30, 2021 | 6.03 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();