Wheaton Precious Metals (WPM) Return on Invested Capital [ROIC] (2013 - 2026)
Wheaton Precious Metals (WPM) reported Return on Invested Capital [ROIC] of 20.60% for the quarter ended Jun 30, 2026, up 10.54 percentage points from 10.07% a year earlier and up 2.00 percentage points from the prior quarter.
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Analysis
Wheaton Precious Metals (WPM) Return on Invested Capital [ROIC] (2013 - 2026) Analysis & Trends
For the year ended Dec 31, 2024, Wheaton Precious Metals posted Return on Invested Capital [ROIC] of 7.16%, down 0.18 percentage points from the prior year.
- Return on Invested Capital [ROIC] has declined for three consecutive years, though with a five-year change of +5.18 percentage points (years ended Dec 2019 to Dec 2024).
- By year, Return on Invested Capital [ROIC] came in at 7.34% in the year ended Dec 31, 2023 (-0.53 pp), 7.87% in the year ended Dec 31, 2022 (-4.71 pp), 12.58% in the year ended Dec 31, 2021 (+3.23 pp) and 9.35% in the year ended Dec 31, 2020 (+7.37 pp).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Return on Invested Capital [ROIC] in data going back to the quarter ended Jun 30, 2013.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last six quarters, with an average year-over-year change of +4.65 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was the quarter ended Jun 30, 2026 (a gain of 10.54 percentage points); the low point was the quarter ended Mar 31, 2023 (a drop of 5.23 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 18.61% (quarter ended Mar 31, 2026), 16.06% (quarter ended Dec 31, 2025) and 11.36% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.13 Bn | 110.49 Bn | - | - |
| 2 | Spdr Gold Trust | 133.82 Bn | -424.18 Bn | - | - |
| 3 | Blackstone | 84.08 Bn | 79.01 Bn | - | 21.55% |
| 4 | Brookfield | 82.97 Bn | -82.41 Bn | 4.47 Bn | -21.34% |
| 5 | Kkr | 81.05 Bn | 47.53 Bn | - | - |
| 6 | Brookfield Asset Management | 71.64 Bn | 67.88 Bn | - | 26.84% |
| 7 | Apollo Global Management | 65.67 Bn | 3.35 Bn | 10.56 Bn | - |
| 8 | Wheaton Precious Metals | 61.89 Bn | 57.32 Bn | 687.86 Mn | 20.60% |
| 9 | Franco Nevada | 46.13 Bn | 43.49 Bn | 451.00 Mn | - |
| 10 | Ameriprise Financial | 43.37 Bn | 4.79 Bn | 4.72 Bn | 49.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.60% |
| Mar 31, 2026 | 18.61% |
| Dec 31, 2025 | 16.06% |
| Sep 30, 2025 | 11.36% |
| Jun 30, 2025 | 10.07% |
| Mar 31, 2025 | 8.15% |
| Dec 31, 2024 | 7.02% |
| Sep 30, 2024 | 8.18% |
| Jun 30, 2024 | 7.70% |
| Mar 31, 2024 | 7.92% |
| Dec 31, 2023 | 7.28% |
| Sep 30, 2023 | 6.50% |
| Jun 30, 2023 | 6.38% |
| Mar 31, 2023 | 6.65% |
| Dec 31, 2022 | 7.70% |
| Sep 30, 2022 | 10.82% |
| Jun 30, 2022 | 11.52% |
| Mar 31, 2022 | 11.88% |
| Dec 31, 2021 | 12.28% |
| Sep 30, 2021 | 10.18% |
API Access
Wheaton Precious Metals Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=WPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=WPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();