Wheaton Precious Metals (WPM) Net Margin (2009 - 2026)
Wheaton Precious Metals (WPM) reported Net Margin of 76.67% for Q1 2026, up 7662.0% year-over-year from 0.99% in Q1 2025, and up 13.09% quarter-over-quarter from 67.79% in Q4 2025.
Wheaton Precious Metals (WPM) Net Margin (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has 18 years of Net Margin data on file, last reported at 76.67% in Q1 2026.
- Net Margin for Q1 2026 came in at 76.67%, up 7662.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 36.77% (up 2351.0% YoY), and the FY2025 annual result was 17.19%, down 1920.0% from the prior year.
- Net Margin grew to 76.67% in Q1 2026 per WPM's latest filing, from 67.79% in the prior quarter.
- Over five years, Net Margin peaked at 52289.26% in Q4 2024 and troughed at 0.04% in Q3 2023.
- A 5-year average of 4058.32% and a median of 49.28% in 2022 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 3609224 bps in 2024, then sank 5222147 bps in 2025.
- A 5-year view of Net Margin shows it stood at 59.46% in 2022, then jumped by 27138 bps to 16197.02% in 2023, then soared by 223 bps to 52289.26% in 2024, then sank by 100 bps to 67.79% in 2025, then increased by 13 bps to 76.67% in 2026.
- Business Quant data shows WPM's Net Margin at 76.67% in Q1 2026, 67.79% 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 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | - |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 30.70% |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 76.67% |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 52.82% |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 35.01% |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 41.15% |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | - |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 39.59% |
| 10 | Aura Minerals | 44.23 Bn | 43.94 Bn | 19.58 Mn | 47.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.67% |
| Dec 31, 2025 | 67.79% |
| Sep 30, 2025 | 0.06% |
| Jun 30, 2025 | 0.05% |
| Mar 31, 2025 | 0.04% |
| Dec 31, 2024 | 52,289.26% |
| Sep 30, 2024 | 0.04% |
| Jun 30, 2024 | 0.04% |
| Mar 31, 2024 | 55.27% |
| Dec 31, 2023 | 16,197.02% |
| Sep 30, 2023 | 0.04% |
| Jun 30, 2023 | 53.38% |
| Mar 31, 2023 | 48.69% |
| Dec 31, 2022 | 59.46% |
| Sep 30, 2022 | 42.90% |
| Jun 30, 2022 | 49.28% |
| Mar 31, 2022 | 51.43% |
| Dec 31, 2021 | 47.53% |
| Sep 30, 2021 | 50.49% |
| Dec 31, 2020 | 50.69% |