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Wheaton Precious Metals Corp. (WPM)

NYSE: WPM · Gold and Silver Ores · Vancouver, BC · filing with the SEC since 2005
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Grade6.7
◀ Past 6.1● Present 7.2▶ Future 7.1
1 est.
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The grade of Wheaton Precious Metals Corp.

Nine metrics read from its own filings, by tense
Headline grade
6.7/10
◀ Past6.140% of the headline
● Present7.235% of the headline
▶ Future7.125% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.1/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 60th percentile among 73 sector filers · read for itself

From the record

Wheaton Precious Metals Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.7/10

What has it actually done, year after year?

+11.2% a year over 10 filed years; profitable in 10 of 10.

weight 33% of this tense · 47th percentile among 44 sector filers · read for its customers

From the record

Wheaton Precious Metals Corp.'s 10 filed years say what it did: revenue went from $892 million in fiscal 2016 to $2.3 billion in fiscal 2025, up 11.2% a year; it rose in 5 of 9 years; the deepest fall was 15% from fiscal 2021 to fiscal 2023; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span11.2%bottom 24% of its family
  • the share of years revenue rosebottom 25% of its family
  • the share of filed years with a profittop 5% of its family
  • the deepest fall from a revenue peak15.4%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.3/10

How has it treated the people who own it?

Share count grew 0.2% a year. 23% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 83rd percentile among 38 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Wheaton Precious Metals Corp.'s diluted share count grew about 0.2% a year, and dividends and buybacks returned about 23% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 9% of its family
  • cash returned against operating cash flowtop 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
7.6/10

Is it financially healthy right now?

ROE 17%: 17¢ of profit per shareholder dollar. Leverage 5%: owes 5¢ per asset dollar.

weight 45% of this tense · 76th percentile among 62 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Wheaton Precious Metals Corp. earned about 17 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 18 cents per dollar of everything the company owns. Leverage: it owed about 5 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 15% of its family
  • return on equitytop 21% of its family
  • gross profit against assetstop 45% of its family
  • the share count against the year beforetop 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.8/10

How strong is its position in its industry?

top 21% of 44 in its family; net margin 63.6%.

weight 33% of this tense · 79th percentile among 44 sector filers · read for its customers

From the record

Wheaton Precious Metals Corp.'s standing among 44 graded names in its industry family: revenue of $2.3 billion in fiscal 2025 ranks in the top 24% by size; a net margin of 63.6% ranks in the top 3%; revenue growth of 29.5% a year over the last 3 filed years ranks in the top 37% (its annual reports).

What it rests on

  • revenue against the family$2.31Btop 24% of its family
  • net margin63.6%top 3% of its family
  • three-year revenue growth29.5%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 16 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Wheaton Precious Metals Corp.'s leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.1/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
8.2/10

How much room does it have to grow?

top 18% of 42 in its family for room to expand.

weight 22% of this tense · 82nd percentile among 42 sector filers · read for itself

From the record

Wheaton Precious Metals Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.2 billion against no long-term debt tagged leaves 12.6% of its assets as net cash, top 38% of its family; cash from operations less capital spending is 82.3% of revenue (top 4%); a gross margin of 72.2% (top 11%) (its annual report).

What it rests on

  • cash less debt against assets12.6%top 38% of its family
  • cash from operations less capital spending against revenue82.3%top 4% of its family
  • gross margin72.2%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
8.3/10

What could actually drive growth from here?

top 17% of 41 in its family for growth drivers.

weight 33% of this tense · 83rd percentile among 41 sector filers · read for its customers

From the record

Wheaton Precious Metals Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 29.5% a year over the last three filed years against 11.2% over all 10, speeding up (top 11% of its family); the newest year grew 80.2% (top 24%) (its annual reports). Wheaton Precious Metals Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+18.3 points a yeartop 11% of its family
  • the newest year's revenue growth80.2%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 38 in its family for expectations against reality.

weight 45% of this tense · 58th percentile among 38 sector filers · read for its shareholders

From the record

Wheaton Precious Metals Corp.'s newest year against its own record: revenue of $2.3 billion in fiscal 2025 came in 64.1% above the $1.4 billion its prior three years' pace pointed to (top 25% of its family); net income of $1.5 billion against a prior three-year average of $579 million (top 45%); a net margin of 63.6% against 52.3% before (bottom 43%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace64.1%top 25% of its family
  • net income against the prior three years' average+154%top 45% of its family
  • net margin against its prior average+11.3 pointsbottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WPM · research, not advice