Wheaton Precious Metals (WPM) Net Margin (2009 - 2026)
Wheaton Precious Metals (WPM) posted quarterly Net Margin of 71.39% for Q1 2026, up 7135.0% year-over-year from 0.99% in Q1 2025, and up 17.6% quarter-over-quarter from 60.7% in Q4 2025.
Wheaton Precious Metals (WPM) Net Margin (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has reported Net Margin for 18 consecutive years, with 71.39% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 7135.0% year-over-year to 71.39%; the TTM figure through Mar 2026 stood at 34.23% (up 1239.0% YoY), while the FY2025 annual figure was 0.02%, changed 0.0% from the prior year.
- Net Margin rose to 71.39% in Q1 2026 per WPM's latest filing, from 60.7% in the prior quarter.
- Across five years, Net Margin topped out at 86322.77% in Q4 2024 and bottomed at 0.03% in Q2 2024.
- Historically, Net Margin has averaged 5131.51% across 5 years, with a median of 70.44% in 2023.
- Annual changes were most pronounced in 2024 — Net Margin soared 8623615 bps — and 2025, when it slumped 8626207 bps.
- Wheaton Precious Metals' Net Margin stood at 168.34% in 2022, then plunged by 49 bps to 86.62% in 2023, then surged by 99561 bps to 86322.77% in 2024, then sank by 100 bps to 60.7% in 2025, then grew by 18 bps to 71.39% in 2026.
- Business Quant data shows WPM's Net Margin at 71.39% in Q1 2026, 60.7% in Q4 2025, and 0.06% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 33.46% |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 42.09% |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 23.00% |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 58.46% |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 0.00% |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | 27.05% |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 11.22% |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 52.73% |
| 10 | Alamos Gold | 15.41 Bn | 14.78 Bn | - | 80.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 58.46% |
| Mar 31, 2026 | 71.39% |
| Dec 31, 2025 | 60.70% |
| Sep 30, 2025 | 0.06% |
| Jun 30, 2025 | 0.04% |
| Mar 31, 2025 | 0.04% |
| Dec 31, 2024 | 86,322.77% |
| Sep 30, 2024 | 0.04% |
| Jun 30, 2024 | 0.03% |
| Mar 31, 2024 | 72.05% |
| Dec 31, 2023 | 86.62% |
| Sep 30, 2023 | 70.44% |
| Jun 30, 2023 | 71.54% |
| Mar 31, 2023 | 73.98% |
| Dec 31, 2022 | 168.34% |
| Sep 30, 2022 | 100.75% |
| Jun 30, 2022 | 68.08% |
| Mar 31, 2022 | 68.74% |
| Dec 31, 2021 | 149.64% |
| Sep 30, 2021 | 74.99% |