Last 47 quarters of trend data · Basic Materials · Precious Metal Royalties
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 30.23 | 23.60 | 25.99 | 23.50 | 34.52 | 35.08 | 34.66 | 74.00 | 44.91 | 48.54 | 32.73 | 32.46 | 40.55 | 33.77 | 48.16 | 26.41 | 18.81 | 27.30 | 33.99 | 16.51 | 31.32 |
| — | -32.7% | -25.0% | -68.2% | -23.1% | -27.7% | +5.9% | +128.0% | +10.8% | +43.7% | -32.0% | +22.9% | +115.5% | +23.7% | +41.7% | +59.9% | -39.9% | -8.3% | +28.1% | -44.6% | -15.8% | |
| P/S Ratio | 19.51 | 13.75 | 16.76 | 15.22 | 26.70 | 20.28 | 18.75 | 16.79 | 22.50 | 19.90 | 18.01 | 17.85 | 20.61 | 18.50 | 25.44 | 18.74 | 16.72 | 13.45 | 17.50 | 17.43 | 15.78 |
| — | -32.2% | -10.6% | -9.3% | +18.6% | +1.9% | +4.1% | -5.9% | +9.2% | +7.6% | -29.2% | -4.8% | +23.2% | +37.5% | +45.4% | +7.5% | +6.0% | -10.6% | +31.8% | +6.1% | -12.6% | |
| P/B Ratio | 7.14 | 5.27 | 6.43 | 6.16 | 6.28 | 5.28 | 4.72 | 3.52 | 3.82 | 3.32 | 3.02 | 3.20 | 2.69 | 2.86 | 3.20 | 2.63 | 2.24 | 2.54 | 3.39 | 3.10 | 2.83 |
| — | -0.2% | +36.0% | +75.1% | +64.4% | +59.0% | +56.4% | +9.9% | +42.2% | +16.1% | -5.7% | +21.6% | +20.2% | +12.7% | -5.4% | -15.1% | -20.9% | -24.1% | +14.5% | -5.7% | -29.2% | |
| P/FCF | — | — | 21.54 | 132.41 | 96.09 | 152.33 | 33.27 | 31.86 | 31.04 | 31.54 | — | — | 60.07 | 43.12 | 53.07 | 34.64 | 34.23 | 21.35 | 32.67 | — | 21.27 |
| — | — | -35.3% | +315.6% | +209.6% | +383.0% | — | — | -48.3% | -26.9% | — | — | +75.5% | +101.9% | +62.4% | — | +60.9% | -34.9% | -41.7% | — | -12.8% | |
| EV / EBITDA | 22.82 | 16.77 | 19.32 | 17.48 | 32.62 | 24.59 | 23.25 | 33.11 | 29.18 | 25.49 | 23.71 | 23.94 | 27.62 | 24.70 | 36.50 | 27.74 | 22.28 | 18.35 | 24.29 | 13.68 | 21.48 |
| — | -31.8% | -16.9% | -47.2% | +11.8% | -3.5% | -1.9% | +38.3% | +5.7% | +3.2% | -35.0% | -13.7% | +24.0% | +34.6% | +50.3% | +102.7% | +3.7% | -12.6% | +33.4% | -38.1% | -17.3% | |
| EV / EBIT | 37.50 | 19.61 | 21.03 | 19.75 | 30.01 | 29.45 | 28.80 | 49.31 | 37.13 | 33.65 | 32.12 | 33.05 | 36.11 | 31.81 | 50.14 | 27.64 | 16.96 | 26.54 | 33.40 | 16.38 | 30.66 |
| — | -33.4% | -27.0% | -60.0% | -19.2% | -12.5% | -10.3% | +49.2% | +2.8% | +5.8% | -35.9% | +19.6% | +112.9% | +19.8% | +50.1% | +68.7% | -44.7% | -10.7% | +26.9% | -48.1% | -17.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.2% | 74.0% | 77.5% | 76.7% | 84.4% | 70.2% | 67.8% | 65.0% | 64.0% | 62.3% | 57.8% | 56.5% | 56.9% | 57.3% | 54.8% | 51.3% | 46.7% | 53.6% | 58.5% | 54.2% | 56.3% |
| — | +5.5% | +14.3% | +18.0% | +31.8% | +12.7% | +17.3% | +15.0% | +12.6% | +8.6% | +5.5% | +10.1% | +21.8% | +7.0% | -6.4% | -5.2% | -17.1% | -2.5% | +8.3% | -4.3% | -2.0% | |
| Operating Margin | 68.8% | 71.8% | 75.0% | 75.2% | 66.2% | 65.5% | 61.8% | 30.9% | 57.1% | 56.5% | 53.3% | 50.8% | 50.3% | 51.0% | 46.0% | 42.2% | 46.9% | 49.5% | 52.0% | 104.4% | 51.3% |
| — | +9.6% | +21.4% | +143.2% | +16.1% | +15.9% | +15.9% | -39.1% | +13.5% | +10.7% | +15.9% | +20.3% | +7.2% | +3.2% | -11.5% | -59.5% | -8.5% | +0.2% | +3.3% | +95.9% | +1.5% | |
| Net Margin | 63.6% | 58.5% | 64.6% | 64.6% | 77.1% | 58.1% | 54.0% | 23.2% | 50.2% | 40.9% | 55.3% | 53.7% | 52.2% | 53.4% | 51.9% | 70.4% | 89.8% | 49.2% | 51.3% | 104.9% | 50.2% |
| — | +0.7% | +19.6% | +178.7% | +53.7% | +42.0% | -2.3% | -56.9% | -3.8% | -23.4% | +6.4% | -23.7% | -41.9% | +8.5% | +1.3% | -32.9% | +78.9% | -2.1% | +2.5% | +91.0% | +2.9% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.8% | 5.7% | 6.4% | 6.8% | 4.6% | 3.8% | 3.4% | 1.2% | 2.1% | 1.7% | 2.3% | 2.4% | 1.7% | 2.1% | 1.6% | 2.5% | 3.0% | 2.3% | 2.5% | 4.8% | 2.3% |
| — | +48.9% | +85.4% | +456.8% | +116.5% | +124.0% | +47.9% | -50.2% | +26.2% | -17.0% | +41.7% | -2.7% | -43.9% | -11.3% | -34.1% | -47.4% | +34.2% | -17.3% | -11.0% | +70.6% | -17.3% | |
| ROA | 18.1% | 4.9% | 6.0% | 6.5% | 4.5% | 3.7% | 3.3% | 1.2% | 2.1% | 1.7% | 2.3% | 2.4% | 1.7% | 2.1% | 1.6% | 2.5% | 3.0% | 2.3% | 2.5% | 4.7% | 2.2% |
| — | +32.6% | +80.1% | +442.0% | +111.9% | +119.3% | +45.1% | -50.8% | +25.0% | -17.4% | +41.6% | -2.7% | -43.9% | -11.1% | -33.9% | -47.4% | +34.3% | -17.3% | -9.5% | +81.2% | -8.5% | |
| ROIC | 17.4% | 5.4% | 6.8% | 6.8% | 3.5% | 3.8% | 3.4% | 1.4% | 2.0% | 1.9% | 1.8% | 1.9% | 1.4% | 1.7% | 1.2% | 1.2% | 1.3% | 1.9% | 2.0% | 3.7% | 1.8% |
| — | +42.1% | +101.1% | +404.7% | +73.1% | +99.3% | +89.2% | -29.3% | +43.0% | +12.3% | +46.1% | +54.8% | +9.2% | -10.4% | -38.4% | -66.9% | -29.8% | -12.8% | -7.4% | +88.7% | -7.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| — | +19000.2% | -23.5% | +27.8% | +26.7% | +33.3% | +29.1% | -20.2% | -14.5% | -16.0% | +222.7% | +204.4% | +178.0% | +150.4% | -38.8% | -36.3% | -35.6% | -31.6% | -28.8% | -98.7% | -99.4% | |
| Debt / EBITDA | 0.00 | 2.50 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| — | +12188.9% | -53.0% | -61.9% | -14.1% | -19.0% | -17.7% | +1.4% | -37.8% | -26.9% | +117.6% | +112.4% | +189.9% | +203.8% | -1.0% | +56.7% | -14.4% | -20.1% | -16.6% | -99.1% | -99.3% | |
| Current Ratio | 7.78 | 0.47 | 4.53 | 7.78 | 8.09 | 7.38 | 11.38 | 28.07 | 25.71 | 26.86 | 3.65 | 21.76 | 38.93 | 44.99 | 9.61 | 23.44 | 18.18 | 21.30 | 3.70 | 8.41 | 13.63 |
| — | -93.7% | -60.2% | -72.3% | -68.5% | -72.5% | +211.9% | +29.0% | -34.0% | -40.3% | -62.1% | -7.2% | +114.1% | +111.2% | +159.9% | +178.7% | +33.4% | +124.4% | +78.0% | +29.9% | +124.8% | |
| Quick Ratio | 7.78 | 0.47 | 4.53 | 7.78 | 8.09 | 7.38 | 11.38 | 28.07 | 25.71 | 26.86 | 3.65 | 21.71 | 38.82 | 44.73 | 9.54 | 23.10 | 17.79 | 20.77 | 3.63 | 8.12 | 13.42 |
| — | -93.7% | -60.2% | -72.3% | -68.5% | -72.5% | +211.9% | +29.3% | -33.8% | -40.0% | -61.8% | -6.0% | +118.2% | +115.4% | +162.6% | +184.6% | +32.6% | +120.2% | +76.2% | +25.4% | +121.3% | |
| Interest Coverage | 295.80 | 22.21 | 492.90 | 449.43 | 3798.75 | 233.10 | 206.63 | 91.93 | 129.78 | 133.13 | 114.30 | 117.27 | 87.53 | 107.76 | 76.07 | 111.50 | 9476.73 | 108.41 | 109.88 | 194.64 | 98.86 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying WPM stock.
Wheaton Precious Metals Corp.'s current P/E is 30.2x. The average P/E over the last 4 quarters is 26.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Wheaton Precious Metals Corp.'s current operating margin is 68.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Wheaton Precious Metals Corp.'s business trajectory between earnings reports.