PerpEquities

Equity

Wheaton Precious Metals Corp. (WPM) perpetual futures

Wheaton Precious Metals Corp. is a metals streaming company that provides financing to mine operators in exchange for rights to purchase gold, silver, palladium and cobalt production.

-2.1%NYSE closed
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Trading data

Perpetual market activity

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24h volume
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Open interest
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Best liquidity
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Tightest spread
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Highest volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-2.14%
5D-8.18%
1M-15.41%
6M-13.30%
YTD+2.87%
1Y+27.99%

Venue matrix

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Company data

Company fundamentals

Updated 1h ago
Market cap
$54.9B
Updated 1h ago
Revenue
$3.2B
Trailing 12 months
Revenue growth
+53%
Next fiscal year
Profit margin
+64.7%
P/E
26.7
Peer P/E 24.7
Free cash flow
-$2.9B
Trailing 12 months
More metrics
Net income
$2.1B
Trailing 12 months
P/S
17.3
Peer P/E
24.7
Similar listed perps
Revenue estimate
$3.6B
Next fiscal year
Earnings
2026-11-05
Revenue est. $800.2M · Updated 1h ago
Dividend
$0.195
2026-08-20

Fundamental detail

Annual + quarterly
Latest revenue$2.4B
Net margin+63.6%
Free cash flow$573.6M
Net debt-$1.1B
2020$1.1B
2021$1.2B
2022$1.1B
2023$1B
2024$1.3B
2025$2.4B
PeriodRevenueGrowthNet incomeFCF
2020$1.1B+27%$507.8M$763.6M
2021$1.2B+10%$754.9M$319.2M
2022$1.1B-11%$669.1M$590M
2023$1B-5%$537.6M$74.9M
2024$1.3B+26%$529.1M$369.3M
2025$2.4B+83%$1.5B$573.6M
PeriodGross marginOperating marginNet marginROEROA
2020+53.4%+47.4%+46.3%+8.9%+8.5%
2021+54.8%+62.8%+62.8%+12.1%+12.0%
2022+53.1%+48.1%+62.8%+10.0%+9.9%
2023+56.4%+49.7%+52.9%+7.7%+7.6%
2024+62.5%+48.3%+41.2%+7.3%+7.1%
2025+72.2%+68.8%+63.6%+17.3%+16.4%
PeriodCashDebtNet debtCurrent ratio
2020$192.7M$198.6M$6M6.48
2021$226M$2.9M-$223.2M8.41
2022$696.1M$2M-$694.1M23.44
2023$546.5M$6.2M-$540.3M21.76
2024$818.2M$5.2M-$813M28.07
2025$1.2B$7.9M-$1.1B7.78
PeriodMarket capEnterprise valueP/SP/E
2020$18.7B$18.7B17.135.1
2021$19.3B$19.1B16.125.9
2022$17.6B$17B16.627.5
2023$22.3B$21.8B22.041.5
2024$25.5B$24.7B19.948.1
2025$53.3B$52.2B22.635.6
Q3 2024$308.3M
Q4 2024$380.5M
Q1 2025$470.4M
Q2 2025$503.2M
Q3 2025$476.3M
Q4 2025$878M
Q1 2026$889M
Q2 2026$929.2M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$308.3M+38%$154.6M$223.5M
Q4 2024$380.5M+21%$88.1M$200.5M
Q1 2025$470.4M+58%$254M$265.1M
Q2 2025$503.2M+68%$292.3M$67M
Q3 2025$476.3M+55%$367.2M$132.3M
Q4 2025$878M+131%$566.8M$100.9M
Q1 2026$889M+89%$574M$691.9M
Q2 2026$929.2M+85%$543.2M-$3.9B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+64.0%+57.1%+50.2%+2.1%+2.1%
Q4 2024+65.0%+30.9%+23.2%+1.2%+1.2%
Q1 2025+67.8%+61.8%+54.0%+3.4%+3.3%
Q2 2025+70.2%+65.5%+58.1%+3.8%+3.7%
Q3 2025+84.4%+66.2%+77.1%+4.5%+4.4%
Q4 2025+76.7%+75.2%+64.6%+6.5%+6.2%
Q1 2026+77.5%+75.0%+64.6%+6.2%+5.8%
Q2 2026+74.0%+71.8%+58.5%+5.6%+4.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$694.1M$5.7M-$688.4M25.71
Q4 2024$818.2M$5.2M-$813M28.07
Q1 2025$1.1B$8.1M-$1.1B11.38
Q2 2025$1B$8.2M-$997.6M7.38
Q3 2025$1.2B$8M-$1.1B8.09
Q4 2025$1.2B$7.9M-$1.1B7.78
Q1 2026$2.2B$7.7M-$2.2B4.53
Q2 2026$100.2M$2B$1.9B0.47
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$27.7B$27.1B90.044.9
Q4 2024$25.5B$24.7B67.174.0
Q1 2025$35.2B$34.1B74.934.7
Q2 2025$40.8B$39.8B81.035.1
Q3 2025$50.9B$49.7B106.834.5
Q4 2025$53.4B$52.2B60.823.5
Q1 2026$59.5B$57.3B66.926.0
Q2 2026$51B$52.9B54.923.4

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$929.2MQ2 2026
$232.3M$464.6M$696.9M$929.2MQ3 2023: $223.1MQ4 2023: $313.5MQ1 2024: $296.8MQ2 2024: $299.1MQ3 2024: $308.3MQ4 2024: $380.5MQ1 2025: $470.4MQ2 2025: $503.2MQ3 2025: $476.3MQ4 2025: $878MQ1 2026: $889MQ2 2026: $929.2MQ3 2023Q2 2026
Net income$543.2MQ2 2026
$143.5M$287M$430.5M$574MQ3 2023: $116.4MQ4 2023: $168.4MQ1 2024: $164MQ2 2024: $122.3MQ3 2024: $154.6MQ4 2024: $88.1MQ1 2025: $254MQ2 2025: $292.3MQ3 2025: $367.2MQ4 2025: $566.8MQ1 2026: $574MQ2 2026: $543.2MQ3 2023Q2 2026
EBITDA$798.3MQ2 2026
$199.6M$399.1M$598.7M$798.3MQ3 2023: $168.4MQ4 2023: $234.1MQ1 2024: $228.1MQ2 2024: $232.1MQ3 2024: $238.1MQ4 2024: $194.6MQ1 2025: $373.8MQ2 2025: $413.4MQ3 2025: $479.6MQ4 2025: $750.1MQ1 2026: $759.1MQ2 2026: $798.3MQ3 2023Q2 2026
Free cash flow-$3.9BQ2 2026
-$2.7B-$1.6B-$444M$691.9MQ3 2023: $76.5MQ4 2023: -$218.1MQ1 2024: -$243.5MQ2 2024: $188.7MQ3 2024: $223.5MQ4 2024: $200.5MQ1 2025: $265.1MQ2 2025: $67MQ3 2025: $132.3MQ4 2025: $100.9MQ1 2026: $691.9MQ2 2026: -$3.9BQ3 2023Q2 2026
EPS$1.19Q2 2026
$0.32$0.63$0.95$1.26Q3 2023: $0.25Q4 2023: $0.38Q1 2024: $0.36Q2 2024: $0.27Q3 2024: $0.34Q4 2024: $0.19Q1 2025: $0.56Q2 2025: $0.64Q3 2025: $0.81Q4 2025: $1.25Q1 2026: $1.26Q2 2026: $1.19Q3 2023Q2 2026
Cash / Debt$100.2MQ2 2026
$542.9M$1.1B$1.6B$2.2BQ3 2023 · Cash: $833.9MQ3 2023 · Debt: $6.2MQ4 2023 · Cash: $546.5MQ4 2023 · Debt: $6.2MQ1 2024 · Cash: $306.1MQ1 2024 · Debt: $5.9MQ2 2024 · Cash: $540.2MQ2 2024 · Debt: $5.7MQ3 2024 · Cash: $694.1MQ3 2024 · Debt: $5.7MQ4 2024 · Cash: $818.2MQ4 2024 · Debt: $5.2MQ1 2025 · Cash: $1.1BQ1 2025 · Debt: $8.1MQ2 2025 · Cash: $1BQ2 2025 · Debt: $8.2MQ3 2025 · Cash: $1.2BQ3 2025 · Debt: $8MQ4 2025 · Cash: $1.2BQ4 2025 · Debt: $7.9MQ1 2026 · Cash: $2.2BQ1 2026 · Debt: $7.7MQ2 2026 · Cash: $100.2MQ2 2026 · Debt: $2BQ3 2023Q2 2026
CashDebt
Profitability+74.0%Q2 2026
+21.1%+42.2%+63.3%+84.4%Q3 2023 · Gross margin: +56.9%Q4 2023 · Gross margin: +56.5%Q1 2024 · Gross margin: +57.8%Q2 2024 · Gross margin: +62.3%Q3 2024 · Gross margin: +64.0%Q4 2024 · Gross margin: +65.0%Q1 2025 · Gross margin: +67.8%Q2 2025 · Gross margin: +70.2%Q3 2025 · Gross margin: +84.4%Q4 2025 · Gross margin: +76.7%Q1 2026 · Gross margin: +77.5%Q2 2026 · Gross margin: +74.0%Q3 2023 · Operating margin: +50.3%Q4 2023 · Operating margin: +50.8%Q1 2024 · Operating margin: +53.3%Q2 2024 · Operating margin: +56.5%Q3 2024 · Operating margin: +57.1%Q4 2024 · Operating margin: +30.9%Q1 2025 · Operating margin: +61.8%Q2 2025 · Operating margin: +65.5%Q3 2025 · Operating margin: +66.2%Q4 2025 · Operating margin: +75.2%Q1 2026 · Operating margin: +75.0%Q2 2026 · Operating margin: +71.8%Q3 2023 · Net margin: +52.2%Q4 2023 · Net margin: +53.7%Q1 2024 · Net margin: +55.3%Q2 2024 · Net margin: +40.9%Q3 2024 · Net margin: +50.2%Q4 2024 · Net margin: +23.2%Q1 2025 · Net margin: +54.0%Q2 2025 · Net margin: +58.1%Q3 2025 · Net margin: +77.1%Q4 2025 · Net margin: +64.6%Q1 2026 · Net margin: +64.6%Q2 2026 · Net margin: +58.5%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+84.7%Q2 2026
+32.7%+65.4%+98.1%+130.7%Q3 2024: +38.1%Q4 2024: +21.4%Q1 2025: +58.5%Q2 2025: +68.3%Q3 2025: +54.5%Q4 2025: +130.7%Q1 2026: +89.0%Q2 2026: +84.7%Q3 2023Q2 2026
Shares outstanding455MQ2 2026
113.7M227.5M341.2M455MQ3 2023: 453.5MQ4 2023: 453.6MQ1 2024: 453.7MQ2 2024: 454.1MQ3 2024: 454.3MQ4 2024: 454.4MQ1 2025: 454.4MQ2 2025: 454.7MQ3 2025: 454.8MQ4 2025: 454.8MQ1 2026: 455MQ2 2026: 455MQ3 2023Q2 2026
Valuation23.4Q2 2026
26.753.480.1106.8Q3 2023 · P/E: 40.6Q4 2023 · P/E: 32.5Q1 2024 · P/E: 33.2Q2 2024 · P/E: 48.2Q3 2024 · P/E: 44.9Q4 2024 · P/E: 74.0Q1 2025 · P/E: 34.7Q2 2025 · P/E: 35.1Q3 2025 · P/E: 34.5Q4 2025 · P/E: 23.5Q1 2026 · P/E: 26.0Q2 2026 · P/E: 23.4Q3 2023 · P/S: 82.3Q4 2023 · P/S: 71.3Q1 2024 · P/S: 73.0Q2 2024 · P/S: 78.9Q3 2024 · P/S: 90.0Q4 2024 · P/S: 67.1Q1 2025 · P/S: 74.9Q2 2025 · P/S: 81.0Q3 2025 · P/S: 106.8Q4 2025 · P/S: 60.8Q1 2026 · P/S: 66.9Q2 2026 · P/S: 54.9Q3 2023Q2 2026
P/EP/S
Revenue$2.4B2025
$588.8M$1.2B$1.8B$2.4B2018: $794M2019: $861.3M2020: $1.1B2021: $1.2B2022: $1.1B2023: $1B2024: $1.3B2025: $2.4B20182025
Net income$1.5B2025
$374.4M$748.7M$1.1B$1.5B2018: $427.1M2019: $86.1M2020: $507.8M2021: $754.9M2022: $669.1M2023: $537.6M2024: $529.1M2025: $1.5B20182025
EBITDA$2B2025
$511M$1B$1.5B$2B2018: $732.2M2019: $380.7M2020: $763.5M2021: $1B2022: $903.3M2023: $755.2M2024: $892.9M2025: $2B20182025
Free cash flow$573.6M2025
-$295.3M$57.7M$410.7M$763.6M2018: -$648.3M2019: $498.4M2020: $763.6M2021: $319.2M2022: $590M2023: $74.9M2024: $369.3M2025: $573.6M20182025
EPS$3.292025
$0.82$1.65$2.47$3.292018: $0.962019: $0.22020: $1.192021: $1.662022: $1.422023: $1.192024: $1.172025: $3.2920182025
Cash / Debt$1.2B2025
$316M$632M$948M$1.3B2018 · Cash: $75.8M2018 · Debt: $1.3B2019 · Cash: $104M2019 · Debt: $878.8M2020 · Cash: $192.7M2020 · Debt: $198.6M2021 · Cash: $226M2021 · Debt: $2.9M2022 · Cash: $696.1M2022 · Debt: $2M2023 · Cash: $546.5M2023 · Debt: $6.2M2024 · Cash: $818.2M2024 · Debt: $5.2M2025 · Cash: $1.2B2025 · Debt: $7.9M20182025
CashDebt
Profitability+72.2%2025
+18.0%+36.1%+54.1%+72.2%2018 · Gross margin: +37.3%2019 · Gross margin: +70.0%2020 · Gross margin: +53.4%2021 · Gross margin: +54.8%2022 · Gross margin: +53.1%2023 · Gross margin: +56.4%2024 · Gross margin: +62.5%2025 · Gross margin: +72.2%2018 · Operating margin: +30.8%2019 · Operating margin: +14.6%2020 · Operating margin: +47.4%2021 · Operating margin: +62.8%2022 · Operating margin: +48.1%2023 · Operating margin: +49.7%2024 · Operating margin: +48.3%2025 · Operating margin: +68.8%2018 · Net margin: +53.8%2019 · Net margin: +10.0%2020 · Net margin: +46.3%2021 · Net margin: +62.8%2022 · Net margin: +62.8%2023 · Net margin: +52.9%2024 · Net margin: +41.2%2025 · Net margin: +63.6%20182025
Gross marginOperating marginNet margin
Revenue growth+83.3%2025
+12.3%+36.0%+59.7%+83.3%2019: +8.5%2020: +27.3%2021: +9.6%2022: -11.4%2023: -4.6%2024: +26.4%2025: +83.3%20182025
Shares outstanding454.7M2025
113.7M227.3M341M454.7M2018: 443.9M2019: 446.9M2020: 450.1M2021: 451.2M2022: 452.3M2023: 453.5M2024: 454.1M2025: 454.7M20182025
Valuation35.62025
37.274.4111.6148.82018 · P/E: 20.32019 · P/E: 148.82020 · P/E: 35.12021 · P/E: 25.92022 · P/E: 27.52023 · P/E: 41.52024 · P/E: 48.12025 · P/E: 35.62018 · P/S: 10.92019 · P/S: 15.42020 · P/S: 17.12021 · P/S: 16.12022 · P/S: 16.62023 · P/S: 22.02024 · P/S: 19.92025 · P/S: 22.620182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-05
Revenue est. $800.2M · Updated 1h ago
Dividend
$0.195
2026-08-20

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20264.55$3.6B+53%8
FY 20274.93$4B+69%9
FY 20285.53$4.4B+87%4
FY 20295.64$4.4B+86%1
FY 20306.06$4.4B+87%1
Q1 20271.21$1B+14%2

Company events

6
2026-11-05EarningsActual - / Estimate 0.94-
2026-08-20Dividend$0.195-
2026-08-06EarningsActual 1.19 / Estimate 1.15Beat
2026-05-27Dividend$0.195-
2026-05-07EarningsActual 1.28 / Estimate 1.24Beat
2026-03-31Dividend$0.195-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
LUXSHARE$54.8B1.020.4+4.7%1WUXIAPPTEC$54.1B6.719.3+40.5%1EBAY$54B4.524.6+18.5%15MPWR$56B17.169.5+24.4%4NAURA$56.2B8.765.9+13.1%1DVN$56.5B2.912.1+16.7%1VALE$52.8B1.324.8+5.2%3BE$57.1B14.9108.3+13.5%24

Analyst track record

How the analysts covering WPM have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings54251
Analysts1420
Buy / hold / sell50 / 4 / 0191 / 60 / 0
Upgrades / downgrades / initiations2 / 0 / 15 / 4 / 6
Price targets hit / missed3 / 49 (6%)177 / 61 (74%)
Avg. return after a rating (TipRanks)-24.6%+46.6%
Best / worst call+5.1% / -43.8%+168.6% / -43.8%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
May 14, 2026Tanya JakusconekScotiabankBuyMaintained$180article ↗
May 11, 2026Josh WolfsonRBC CapitalBuyMaintained$200article ↗
May 11, 2026Unknown AnalystBerenberg BankBuyMaintained$157article ↗
May 8, 2026Cosmos ChiuCIBCBuyMaintained$215article ↗
May 8, 2026Ingrid RicoStifel NicolausBuyMaintained$181article ↗

TipRanks data via FMP · computed Oct 26, 2026 · 54 ratings

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