Wheaton Precious Metals Corp.

WPM.TOTSXBasic Materials● Active

$161.49

$-0.40(-0.25%)

Market Cap$73.3B

P/E Ratio—

52W High$226.68

52W Low$117.13

Avg Volume781K

Open$162.10

Beta1.16

Free Cash Flow Financials Revenue

Wheaton Precious Metals Corp. (WPM.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

WPM.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

WPM.TO · FCF · TTM · margin & CAGR

Free cash flow was $573.6M for FY2025 (fiscal year ending 2025-12-31), up 55.3% year-over-year The FCF margin was 24.4%. Five-year CAGR stands at -5.6%.

FY2025 Free Cash Flow$573.6M▲ +55.3% YoY

Trailing 12M (TTM)$990.4Mtrailing 4 quarters sum

FCF Margin24.4%$573.6M ÷ revenue

3-Year CAGR-7.4%FY2022 → FY2025

5-Year CAGR-5.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

WPM.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.94B(1.36B)$573.6M▲ +55.3%24.4%

FY2024$1.03B(658M)$369.3M▲ +392.7%28.7%

FY2023$750.8M(676M)$74.9M▼ 89.6%7.4%

FY2022$743.4M(22M)$721.8M▲ +126.1%67.8%

FY2021$845.1M(526M)$319.2M▼ 58.2%26.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

WPM.TO · P/FCF · FCF yield · FCF per share

Wheaton Precious Metals Corp. (WPM.TO) trades at a FCF yield of 1.89% and a price-to-free-cash-flow ratio of 74.1x. FCF per share stands at $2.18, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.89%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.18

TTM FCF ÷ Shares Outstanding

Price / FCF

x74.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x50.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

WPM.TO · cash flow statement · operating / investing / financing

For FY2025, Wheaton Precious Metals Corp. generated $1.94B in operating cash flow and spent 1.36B in capital expenditures, yielding $573.6M in free cash flow.

Operating Activities

+$1.94B

Cash from core business operations

2025-12-31

Investing Activities

−$1.30B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$294.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.94B) − |CapEx| (1.36B) = FCF ($573.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

WPM.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Wheaton Precious Metals Corp.YOU

WPM.TO

$573.6M+55.3%24.4%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Wheaton Precious Metals Corp. (WPM.TO) reported free cash flow of $573.6M for FY2025 (fiscal year ending 2025-12-31), up 55.3% year-over-year. The FCF margin was 24.4%.

Based on available data, Wheaton Precious Metals Corp. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $763.6M in FY2020. The 5-year CAGR stands at -5.6%.

Wheaton Precious Metals Corp.'s FCF yield is 1.89% and price-to-FCF ratio is 74.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

WPM.TO free cash flow · 8 questions

Wheaton Precious Metals Corp. free cash flow was $573.6M for FY2025, up 55.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $990.4M.

WPM.TO free cash flowWPM.TO FCFWPM.TO FCF 2025WPM.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Wheaton Precious Metals Corp. · Wheaton Precious Metals Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026