Cash flow Wheaton Precious Metals Corp.

Equities

WPM

CA9628791027

Gold

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-03-13 EDT			5-day change	1st Jan Change
192.13 ^CAD	-3.38%		-3.80%	+19.07%

03-13	Wheaton Precious Metals Corp., Q4 2025 Earnings Call, Mar 13, 2026
03-13	CIBC Reaffirms Wheaton Precious Metals' Outperformer Rating, US$215 Price Target	MT

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Published financial data: WHEATON PRECIOUS METALS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.2B	1.07B	1.02B	1.28B	2.31B
Total Revenues	1.2B	1.07B	1.02B	1.28B	2.31B
Cost of Goods Sold, Total	288M	268M	228M	235M	339M
Gross Profit	914M	797M	788M	1.05B	1.98B
Selling General & Admin Expenses, Total	60.98M	34.99M	37.13M	39.66M	45.6M
Stock-Based Compensation (IS)	-	20.06M	22.74M	23.27M	32.5M
Depreciation & Amortization - (IS)	255M	232M	214M	247M	304M
Impairment of Oil, Gas & Mineral Properties - (IS)	-157M	-8.61M	-	109M	-
Other Operating Expenses	-	840K	1.04M	1.01M	1.17M
Other Operating Expenses, Total	159M	279M	275M	420M	383M
Operating Income	755M	518M	513M	630M	1.59B
Interest Expense, Total	-352K	-91K	-207K	-284K	-429K
Interest And Investment Income	462K	6.77M	37.18M	27.01M	37.78M
Net Interest Expenses	110K	6.68M	36.97M	26.73M	37.35M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-275K	890K	51K	2.1M	-6.28M
Other Non Operating Income (Expenses)	-3.51M	-9.59M	-15.49M	-14.26M	-11.11M
EBT, Excl. Unusual Items	751M	516M	534M	644M	1.61B
Gain (Loss) On Sale Of Investments	-2.1M	-1.03M	-31K	-8K	-
Gain (Loss) On Sale Of Assets	-	156M	5.03M	-	85.72M
Asset Writedown	-	-	-	-	-
Other Unusual Items	5.73M	-1.38M	-	-	-
EBT, Incl. Unusual Items	755M	670M	539M	644M	1.7B
Income Tax Expense	-269K	509K	1.41M	115M	226M
Earnings From Continuing Operations	755M	669M	538M	529M	1.47B
Net Income to Company	755M	669M	538M	529M	1.47B
Net Income - (IS)	755M	669M	538M	529M	1.47B
Net Income to Common Incl Extra Items	755M	669M	538M	529M	1.47B
Net Income to Common Excl. Extra Items	755M	669M	538M	529M	1.47B
Per Share Items
Net EPS - Basic	1.68	1.48	1.19	1.17	3.24
Basic EPS - Continuing Operations	1.68	1.48	1.19	1.17	3.24
Basic Weighted Average Shares Outstanding	450M	452M	453M	453M	454M
Net EPS - Diluted	1.67	1.48	1.19	1.16	3.24
Diluted EPS - Continuing Operations	1.67	1.48	1.19	1.16	3.24
Diluted Weighted Average Shares Outstanding	451M	452M	453M	454M	455M
Normalized Basic EPS	1.04	0.71	0.74	0.89	2.22
Normalized Diluted EPS	1.04	0.71	0.74	0.89	2.22
Dividend Per Share	0.57	0.6	0.6	0.62	0.66
Payout Ratio	28.89	35.43	49.31	52.74	20.14
Supplemental Items
EBITDA	854M	742M	728M	987M	1.9B
EBITA	755M	518M	513M	630M	1.59B
EBIT	755M	518M	513M	630M	1.59B
Effective Tax Rate - (Ratio)	-0.04	0.08	0.26	17.88	13.33
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	-7.12M	8.75M	-2.37M	112M	244M
Total Deferred Taxes	6.85M	-8.24M	3.79M	2.97M	-18.02M
Normalized Net Income	469M	323M	334M	403M	1.01B
Interest on Long-Term Debt	5.66M	5.35M	5.37M	5.63M	5.76M
Supplemental Operating Expense Items
General and Administrative Expenses	60.98M	34.99M	37.13M	39.66M	45.6M
Stock-Based Comp., G&A Exp. (Total)	19.27M	-	-	-	-
Stock-Based Comp., Other (Total)	-	20.06M	22.74M	23.27M	32.5M
Total Stock-Based Compensation	19.27M	20.06M	22.74M	23.27M	32.5M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	226M	696M	547M	818M	1.15B
Total Cash And Short Term Investments	226M	696M	547M	818M	1.15B
Accounts Receivable, Total	11.2M	9.16M	9.34M	4.72M	45.02M
Other Receivables	373K	1.03M	6.68M	1.5M	1.71M
Notes Receivable	816K	-	-	-	-
Total Receivables	12.39M	10.19M	16.01M	6.22M	46.72M
Inventory	8.71M	10.53M	1.37M	-	-
Prepaid Expenses	2.52M	2.86M	2.63M	3.23M	2.53M
Other Current Assets, Total	49K	431K	871K	467K	1.32M
Total Current Assets	250M	720M	567M	828M	1.2B
Gross Property Plant And Equipment	8.88B	8.26B	8.87B	9.48B	10.81B
Accumulated Depreciation	-2.97B	-2.54B	-2.74B	-3.1B	-3.4B
Net Property Plant And Equipment	5.91B	5.71B	6.13B	6.39B	7.41B
Long-term Investments	68.08M	263M	260M	139M	451M
Other Intangibles, Total	2.65M	2.27M	6.4M	4.62M	1.12M
Loans Receivable Long-Term	17.09M	-	-	-	-
Deferred Charges Long-Term	5.62M	5.76M	5.5M	5.1M	4.7M
Other Long-Term Assets, Total	41.68M	57.86M	61.67M	58.99M	57.8M
Total Assets	6.3B	6.76B	7.03B	7.42B	9.13B
Liabilities
Accounts Payable, Total	13.94M	12.57M	13.46M	13.55M	22.56M
Accrued Expenses, Total	14.81M	14.57M	12.01M	13.56M	21.6M
Current Portion of Leases	813K	818K	604K	262K	575K
Current Income Taxes Payable	-	2.76M	-	2.13M	110M
Other Current Liabilities	136K	-	-	-	-
Total Current Liabilities	29.69M	30.72M	26.08M	29.5M	155M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	2.06M	1.15M	5.62M	4.91M	7.33M
Pension & Other Post Retirement Benefits	2.68M	3.52M	4.62M	5.29M	5.98M
Deferred Tax Liability Non Current	100K	165K	232K	349K	1.79M
Other Non Current Liabilities	11.5M	6.67M	9.11M	125M	265M
Total Liabilities	46.03M	42.23M	45.67M	165M	435M
Common Stock, Total	3.7B	3.75B	3.78B	3.8B	3.81B
Retained Earnings	2.5B	2.9B	3.25B	3.52B	4.7B
Comprehensive Income and Other	47.04M	66.55M	-40.09M	-63.5M	177M
Total Common Equity	6.25B	6.72B	6.99B	7.26B	8.69B
Total Equity	6.25B	6.72B	6.99B	7.26B	8.69B
Total Liabilities And Equity	6.3B	6.76B	7.03B	7.42B	9.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	451M	452M	453M	454M	454M
ECS Total Common Shares Outstanding	451M	452M	453M	454M	454M
Book Value / Share	13.86	14.85	15.42	16	19.14
Tangible Book Value	6.25B	6.72B	6.98B	7.25B	8.69B
Tangible Book Value Per Share	13.86	14.85	15.4	15.99	19.14
Total Debt	2.87M	1.97M	6.23M	5.17M	7.9M
Net Debt	-223M	-694M	-540M	-813M	-1.15B
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	6	-	3	3
Inventories - Finished Goods, Total	8.71M	10.53M	1.37M	-	-
Full Time Employees	44	42	42	44	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	755M	669M	538M	529M	1.47B
Depreciation & Amortization - CF	257M	234M	216M	248M	305M
Impairment of Oil, Gas & Mineral Properties - (CF)	-157M	-8.61M	-	109M	-
Depreciation & Amortization, Total	99.97M	225M	216M	357M	305M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-156M	-5.03M	-	-85.72M
(Gain) Loss on Sale of Investments - (CF)	2.1M	1.03M	31K	8K	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	2.34M	1.65M	6.07M	12.14M	15.3M
Other Operating Activities, Total	-6.07M	982K	-5.75M	125M	229M
Change In Accounts Receivable	-5.7M	2.02M	-264K	4.39M	-40.2M
Change In Inventories	-	1.58M	-	-	-
Change In Accounts Payable	1.1M	-1.32M	867K	-11K	8.96M
Change in Other Net Operating Assets	-3.47M	-711K	1.31M	48K	832K
Cash from Operations	845M	743M	751M	1.03B	1.9B
Capital Expenditure	-522M	-153M	-665M	-628M	-1.34B
Sale of Property, Plant, and Equipment	-	132M	46.4M	-	102M
Sale (Purchase) of Intangible assets	-3.57M	-	-11.34M	-30.1M	-
Investment in Marketable and Equity Securities, Total	122M	-22.77M	-17.24M	157M	-39.87M
Other Investing Activities, Total	-554K	137K	70K	13.17M	369K
Cash from Investing	-404M	-44.3M	-647M	-488M	-1.28B
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-196M	-800K	-691K	-594K	-505K
Total Debt Repaid	-196M	-800K	-691K	-594K	-505K
Issuance of Common Stock	7.95M	10.37M	12.42M	13.19M	7.27M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-218M	-237M	-265M	-279M	-296M
Common & Preferred Stock Dividends Paid	-218M	-237M	-265M	-279M	-296M
Other Financing Activities, Total	-1.73M	-1.36M	-859K	-937K	-955K
Cash from Financing	-408M	-229M	-254M	-267M	-291M
Foreign Exchange Rate Adjustments	39K	-197K	519K	-250K	145K
Net Change in Cash	33.36M	470M	-150M	272M	335M
Supplemental Items
Cash Interest Paid	429K	93K	187K	287K	429K
Cash Income Tax Paid (Refund)	279K	171K	6.19M	-8.52M	3.64M
Levered Free Cash Flow	48.66M	416M	-118M	130M	75.48M
Unlevered Free Cash Flow	48.88M	416M	-118M	130M	75.75M
Change In Net Working Capital	16.05M	-696K	1.31M	-14.74M	-84.21M
Net Debt Issued / Repaid	-196M	-800K	-691K	-594K	-505K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.7	4.96	4.65	5.45	12.03
Return on Total Capital	7.75	4.99	4.67	5.52	12.47
Return On Equity %	12.62	10.32	7.85	7.43	18.45
Return on Common Equity	12.62	10.32	7.85	7.43	18.45
Margin Analysis
Gross Profit Margin %	76.04	74.87	77.54	81.7	85.35
SG&A Margin	5.08	3.29	3.65	3.09	1.97
EBITDA Margin %	71.06	69.7	71.7	76.83	81.98
EBITA Margin %	62.8	48.65	50.44	49.02	68.8
EBIT Margin %	62.8	48.65	50.44	49.02	68.8
Income From Continuing Operations Margin %	62.82	62.83	52.92	41.19	63.58
Net Income Margin %	62.82	62.83	52.92	41.19	63.58
Net Avail. For Common Margin %	62.82	62.83	52.92	41.19	63.58
Normalized Net Income Margin	39.06	30.29	32.85	31.35	43.54
Levered Free Cash Flow Margin	4.05	39.07	-11.64	10.14	3.26
Unlevered Free Cash Flow Margin	4.07	39.07	-11.63	10.16	3.27
Asset Turnover
Asset Turnover	0.2	0.16	0.15	0.18	0.28
Fixed Assets Turnover	0.21	0.18	0.17	0.21	0.34
Receivables Turnover (Average Receivables)	144.49	104.61	109.88	182.84	93.08
Inventory Turnover (Average Inventory)	-	27.82	38.34	-	-
Short Term Liquidity
Current Ratio	8.41	23.44	21.76	28.07	7.78
Quick Ratio	8	22.99	21.57	27.94	7.76
Operating Cash Flow to Current Liabilities	28.46	24.2	28.79	34.83	12.32
Days Sales Outstanding (Average Receivables)	2.53	3.49	3.32	2	3.92
Days Outstanding Inventory (Average Inventory)	-	13.12	9.52	-	-
Average Days Payable Outstanding	-	17.96	21.69	-	19.44
Cash Conversion Cycle (Average Days)	-	-1.34	-8.85	-	-
Long Term Solvency
Total Debt/Equity	0.05	0.03	0.09	0.07	0.09
Total Debt / Total Capital	0.05	0.03	0.09	0.07	0.09
LT Debt/Equity	0.03	0.02	0.08	0.07	0.08
Long-Term Debt / Total Capital	0.03	0.02	0.08	0.07	0.08
Total Liabilities / Total Assets	0.73	0.62	0.65	2.22	4.77
EBIT / Interest Expense	2.14K	5.69K	2.48K	2.22K	3.71K
EBITDA / Interest Expense	2.43K	8.17K	3.52K	3.48K	4.42K
(EBITDA - Capex) / Interest Expense	943.85	6.48K	308.84	1.26K	1.3K
Total Debt / EBITDA	0	0	0.01	0.01	0
Net Debt / EBITDA	-0.26	-0.93	-0.74	-0.82	-0.6
Total Debt / (EBITDA - Capex)	0.01	0	0.1	0.01	0.01
Net Debt / (EBITDA - Capex)	-0.67	-1.18	-8.45	-2.27	-2.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.62	-11.37	-4.6	26.44	80.18
Gross Profit, 1 Yr. Growth %	10.16	-12.73	-1.2	33.21	88.23
EBITDA, 1 Yr. Growth %	11.63	-13.73	-1.97	35.49	92.26
EBITA, 1 Yr. Growth %	45.16	-31.93	-1.09	22.88	152.84
EBIT, 1 Yr. Growth %	45.16	-31.93	-1.09	22.88	152.84
Earnings From Cont. Operations, 1 Yr. Growth %	48.66	-11.36	-19.65	-1.58	178.13
Net Income, 1 Yr. Growth %	48.66	-11.36	-19.65	-1.58	178.13
Normalized Net Income, 1 Yr. Growth %	49.27	-31.27	3.74	20.65	150.23
Diluted EPS Before Extra, 1 Yr. Growth %	48.32	-11.6	-19.81	-1.77	177.85
Accounts Receivable, 1 Yr. Growth %	106.37	-18.26	1.93	-49.47	854.36
Inventory, 1 Yr. Growth %	-	20.87	-86.97	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	7.58	-3.38	7.33	4.21	15.95
Total Assets, 1 Yr. Growth %	5.69	7.37	4.01	5.59	22.92
Tangible Book Value, 1 Yr. Growth %	9.38	7.49	3.93	3.95	19.77
Common Equity, 1 Yr. Growth %	9.37	7.48	3.99	3.92	19.71
Cash From Operations, 1 Yr. Growth %	10.41	-12.04	0.99	36.86	85.38
Capital Expenditures, 1 Yr. Growth %	28.57K	-70.63	333.12	-5.46	113.51
Levered Free Cash Flow, 1 Yr. Growth %	-91.84	688.18	-128.43	-210.13	-42.07
Unlevered Free Cash Flow, 1 Yr. Growth %	-91.9	685.01	-128.4	-210.4	-41.94
Dividend Per Share, 1 Yr. Growth %	35.71	5.26	0	3.33	6.45
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	18.12	-1.43	-8.05	9.83	50.93
Gross Profit, 2 Yr. CAGR %	23.12	-1.95	-7.14	14.72	58.35
EBITDA, 2 Yr. CAGR %	24.66	-1.49	-7.99	15.24	61.4
EBITA, 2 Yr. CAGR %	145.19	-0.16	-17.95	10.24	76.26
EBIT, 2 Yr. CAGR %	145.19	-0.16	-17.95	10.24	76.26
Earnings From Cont. Operations, 2 Yr. CAGR %	196.03	14.79	-15.61	-11.07	65.45
Net Income, 2 Yr. CAGR %	196.03	14.79	-15.61	-11.07	65.45
Normalized Net Income, 2 Yr. CAGR %	216.01	1.29	-15.67	11.88	73.75
Diluted EPS Before Extra, 2 Yr. CAGR %	194.42	14.51	-15.8	-11.25	65.21
Accounts Receivable, 2 Yr. CAGR %	60.49	29.88	-8.72	-28.23	119.6
Inventory, 2 Yr. CAGR %	-	-	-60.32	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	1.47	1.95	1.83	5.76	9.92
Total Assets, 2 Yr. CAGR %	0.14	6.52	5.68	4.8	13.93
Tangible Book Value, 2 Yr. CAGR %	8.34	8.43	5.69	3.94	11.58
Common Equity, 2 Yr. CAGR %	8.33	8.42	5.72	3.95	11.54
Cash From Operations, 2 Yr. CAGR %	29.8	-1.45	-5.75	17.57	59.29
Capital Expenditures, 2 Yr. CAGR %	1.66K	817.66	12.79	102.35	42.07
Levered Free Cash Flow, 2 Yr. CAGR %	-68.6	-16.46	49.7	-44.04	-20.13
Unlevered Free Cash Flow, 2 Yr. CAGR %	-69.39	-16.99	49.31	-44.01	-19.94
Dividend Per Share, 2 Yr. CAGR %	25.83	19.52	2.6	1.65	4.88
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.81	7.33	-2.5	2.25	29.53
Gross Profit, 3 Yr. CAGR %	18.56	9.78	-1.7	4.73	35.31
EBITDA, 3 Yr. CAGR %	19.72	10.55	-1.61	4.68	36.68
EBITA, 3 Yr. CAGR %	45.64	60.42	-0.47	-6.12	45.38
EBIT, 3 Yr. CAGR %	45.64	60.42	-0.47	-6.12	45.38
Earnings From Cont. Operations, 3 Yr. CAGR %	20.91	98.05	1.92	-11.17	30.05
Net Income, 3 Yr. CAGR %	20.91	98.05	1.92	-11.17	30.05
Normalized Net Income, 3 Yr. CAGR %	55.42	90.05	2.01	-4.98	46.31
Diluted EPS Before Extra, 3 Yr. CAGR %	20.34	97.15	1.69	-11.36	29.83
Accounts Receivable, 3 Yr. CAGR %	103.37	28.17	19.8	-25.05	70.03
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.37	-0.18	3.71	2.62	9.05
Total Assets, 3 Yr. CAGR %	-0.9	2.5	5.68	5.65	10.52
Tangible Book Value, 3 Yr. CAGR %	6.52	8.06	6.91	5.11	8.97
Common Equity, 3 Yr. CAGR %	6.52	8.05	6.92	5.12	8.96
Cash From Operations, 3 Yr. CAGR %	20.97	14.01	-0.64	6.73	36.84
Capital Expenditures, 3 Yr. CAGR %	-22.58	350.06	614.48	6.34	106.01
Levered Free Cash Flow, 3 Yr. CAGR %	-59.12	-5.53	-41.67	35.14	-43.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	-58.56	-7.25	-41.94	35.01	-43.33
Dividend Per Share, 3 Yr. CAGR %	16.55	18.56	12.62	2.84	3.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.15	4.78	5.06	8.32	16.12
Gross Profit, 5 Yr. CAGR %	7.48	5.88	7.52	11.73	18.95
EBITDA, 5 Yr. CAGR %	4.89	5.51	7.92	12.43	19.93
EBITA, 5 Yr. CAGR %	20.92	46.87	15.98	38.07	25.09
EBIT, 5 Yr. CAGR %	20.92	46.87	15.98	38.07	25.09
Earnings From Cont. Operations, 5 Yr. CAGR %	31.07	63.25	4.71	43.77	23.72
Net Income, 5 Yr. CAGR %	31.07	63.25	4.71	43.77	23.72
Normalized Net Income, 5 Yr. CAGR %	23.18	62.07	21.7	53.67	26.23
Diluted EPS Before Extra, 5 Yr. CAGR %	30.03	62.63	4.32	43.27	23.47
Accounts Receivable, 5 Yr. CAGR %	86.02	45.63	47.61	1.63	52.66
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.03	1.04	-0.1	2.16	6.16
Total Assets, 5 Yr. CAGR %	0.46	3.53	1.68	3.41	8.9
Tangible Book Value, 5 Yr. CAGR %	4.81	6.51	6.19	6.39	8.75
Common Equity, 5 Yr. CAGR %	4.82	6.51	6.2	6.39	8.75
Cash From Operations, 5 Yr. CAGR %	7.66	6.65	9.48	15.42	20
Capital Expenditures, 5 Yr. CAGR %	-8.29	145.49	-10	226.89	274.46
Levered Free Cash Flow, 5 Yr. CAGR %	-27.92	-4.33	-30.16	-23.38	-33.86
Unlevered Free Cash Flow, 5 Yr. CAGR %	-26.97	-4.9	-29.68	-24.21	-33.98
Dividend Per Share, 5 Yr. CAGR %	22.1	12.7	10.76	11.49	9.46