Wheaton Precious Metals (WPM) Return on Invested Capital [ROIC] (2010 - 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] (2010 - 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 | 173.27 Bn | 119.63 Bn | - | 9.86% |
| 2 | Spdr Gold Trust | 129.05 Bn | -428.96 Bn | - | - |
| 3 | Blackstone | 88.78 Bn | 83.71 Bn | - | 21.55% |
| 4 | Brookfield | 85.33 Bn | -97.75 Bn | - | - |
| 5 | Kkr | 82.00 Bn | 48.48 Bn | - | 5.98% |
| 6 | Brookfield Asset Management | 75.12 Bn | 71.37 Bn | - | 26.84% |
| 7 | Apollo Global Management | 64.96 Bn | 2.65 Bn | 10.56 Bn | 2.82% |
| 8 | Wheaton Precious Metals | 54.88 Bn | 50.30 Bn | 687.86 Mn | 18.69% |
| 9 | Franco Nevada | 44.09 Bn | 41.46 Bn | 451.00 Mn | - |
| 10 | Ares Management | 43.97 Bn | 42.65 Bn | - | 14.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.69% |
| Mar 31, 2026 | 18.68% |
| Dec 31, 2025 | 16.13% |
| Sep 30, 2025 | 11.43% |
| Jun 30, 2025 | 10.22% |
| Mar 31, 2025 | 8.36% |
| Dec 31, 2024 | 7.22% |
| Sep 30, 2024 | 8.30% |
| Jun 30, 2024 | 7.74% |
| Mar 31, 2024 | 7.87% |
| Dec 31, 2023 | 7.26% |
| Sep 30, 2023 | 6.50% |
| Jun 30, 2023 | 6.34% |
| Mar 31, 2023 | 6.61% |
| Dec 31, 2022 | 7.69% |
| Sep 30, 2022 | 10.81% |
| Jun 30, 2022 | 11.45% |
| Mar 31, 2022 | 11.79% |
| Dec 31, 2021 | 12.25% |
| Sep 30, 2021 | 10.27% |
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();