The financials
Wheaton Precious Metals Corp. by the numbers
Wheaton Precious Metals Corp. (WPM) reported revenue of $1.34B in H2 2025 (quarter ended December 31, 2025), up 348% from the same quarter a year earlier. That came with a gross margin of 75% and net income of $925M (69% of revenue). For the full year FY2025, revenue was $2.31B (+80% year on year) and net income $1.47B.
| Income statement | H2 2025 | Q2 2024 | Change |
|---|---|---|---|
| Revenue | $1.34B | $299M | +348% |
| Gross profit | $1000M | $186M | +437% |
| Operating income | $961M | $169M | +469% |
| Net income | $925M | $122M | +657% |
| Diluted EPS | $2.04 | $0.27 | +657% |