Wheaton Precious Metals (WPM) Return on Capital Employed [ROCE] (2010 - 2026)
Wheaton Precious Metals (WPM) recorded Return on Capital Employed [ROCE] of 21.24% in the quarter ended Jun 30, 2026, up 9.40 percentage points from 11.84% a year earlier but down 0.31 percentage points from the prior quarter.
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Analysis
Wheaton Precious Metals (WPM) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For the year ended Dec 31, 2024, Wheaton Precious Metals reported Return on Capital Employed [ROCE] of 15.71%, up 8.35 percentage points from the prior year.
- Annual Return on Capital Employed [ROCE] has a five-year change of +13.72 percentage points (years ended Dec 2019 to Dec 2024).
- Across earlier years, Return on Capital Employed [ROCE] came in at 7.36% in the year ended Dec 31, 2023 (-0.52 pp), 7.88% in the year ended Dec 31, 2022 (-4.50 pp), 12.38% in the year ended Dec 31, 2021 (+3.84 pp) and 8.54% in the year ended Dec 31, 2020 (+6.55 pp).
- Quarterly Return on Capital Employed [ROCE] has ranged from 6.35% in the quarter ended Jun 30, 2023 to 21.55% in the quarter ended Mar 31, 2026 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for ten consecutive quarters, with an average year-over-year change of +5.47 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 9.72 percentage points in the quarter ended Mar 31, 2025, against a drop of 5.30 percentage points in the quarter ended Mar 31, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.55% (quarter ended Mar 31, 2026), 18.06% (quarter ended Dec 31, 2025) and 13.08% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 175.01 Bn | 121.14 Bn | - | - |
| 2 | Spdr Gold Trust | 132.74 Bn | -425.26 Bn | - | - |
| 3 | Blackstone | 93.55 Bn | 83.53 Bn | - | - |
| 4 | Brookfield | 85.02 Bn | -98.29 Bn | - | - |
| 5 | Kkr | 82.57 Bn | 2.72 Bn | - | - |
| 6 | Brookfield Asset Management | 75.39 Bn | 70.20 Bn | - | - |
| 7 | Apollo Global Management | 67.25 Bn | -15.54 Bn | 10.56 Bn | - |
| 8 | Wheaton Precious Metals | 54.86 Bn | 50.28 Bn | 687.86 Mn | 21.24% |
| 9 | Ameriprise Financial | 45.21 Bn | 6.63 Bn | 4.72 Bn | - |
| 10 | Franco Nevada | 44.05 Bn | 41.41 Bn | 451.00 Mn | 20.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.24% |
| Mar 31, 2026 | 21.55% |
| Dec 31, 2025 | 18.06% |
| Sep 30, 2025 | 13.08% |
| Jun 30, 2025 | 11.84% |
| Mar 31, 2025 | 10.06% |
| Dec 31, 2024 | 8.42% |
| Sep 30, 2024 | 9.09% |
| Jun 30, 2024 | 8.32% |
| Mar 31, 2024 | 8.05% |
| Dec 31, 2023 | 7.29% |
| Sep 30, 2023 | 6.50% |
| Jun 30, 2023 | 6.35% |
| Mar 31, 2023 | 6.68% |
| Dec 31, 2022 | 7.71% |
| Sep 30, 2022 | 10.83% |
| Jun 30, 2022 | 11.46% |
| Mar 31, 2022 | 11.98% |
| Dec 31, 2021 | 12.29% |
| Sep 30, 2021 | 10.30% |
API Access
Wheaton Precious Metals Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=WPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=WPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();