Wheaton Precious Metals's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Wheaton Precious Metals (WPM) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Wheaton Precious Metals vs Its Competitors
- TTM: Trailing 12-month revenue of 2,315M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-13.0% annualized vs trailing 12 months).
- Scale: Wheaton Precious Metals ranks #7 of 155 companies by market capitalization in the Metal Mining industry, holding 4.5% of industry market cap.
- Peer revenue share: Wheaton Precious Metals accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
WPM Sales vs. its Competitors, Q2 2025
Wheaton Precious Metals generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Metal Mining industry grew revenue 20.5% year over year, combined, vs 68.3% for Wheaton Precious Metals. Wheaton Precious Metals's share of combined industry revenue moved from 0.12% to 0.16%, a gain of 0.05 percentage points.
Wheaton Precious Metals's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Wheaton Precious Metals Corp | - | - | - | - |
| Competitors combined (1) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
WPM Stock Performance relative to its Competitors
WPM Stock Performance relative to High-Confidence Competitors
WPM Stock Performance relative to Similar-Size Competitors
Publicly Traded Peers of Wheaton Precious Metals Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Wheaton Precious Metals Corp | 61,664.38 | 2,314.60 |
| Sunstock Inc | 0.10 | 7.53 |
| SUBTOTAL | 61,664.48 | 2,322.13 |
Sources: Wheaton Precious Metals Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Wheaton Precious Metals Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Wheaton Precious Metals's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Triple Flag Precious Metals Corp | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Wheaton Precious Metals's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Wheaton Precious Metals's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Wheaton Precious Metals Corp | 61,664 | 890,231 | 566,046 |
| Sunstock Inc | 0 | - | - |
| PEERS TOTAL | 0 | - | - |
Wheaton Precious Metals's Position in Industry Market Structure
Market-capitalization share and concentration across all 131 companies in Wheaton Precious Metals's industry classification, broader than the peer set above. Market cap in millions of $.Wheaton Precious Metals ranks #7 of 131 companies by market capitalization in its industry, holding 4.51 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 751, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Bhp Group Limited | 211,645 | 15.27 % |
| 2 | Southern Copper Corp | 166,346 | 12.00 % |
| 3 | Rio Tinto Plc | 152,559 | 11.01 % |
| 4 | Newmont Corporation | 124,220 | 8.96 % |
| 5 | Freeport mcmoran Inc | 1,234 | 5.2% |
| 6 | Agnico Eagle Mines Limited | 1,234 | 5.2% |
| 7 | Wheaton Precious Metals Corp | 62,459 | 4.51 % |
| 8 | Franco nevada Corporation | 1,234 | 5.2% |
| 9 | Anglogold Ashanti Plc | 1,234 | 5.2% |
| 10 | Cameco Corporation | 1,234 | 5.2% |
Market cap and industry share for the rest of Wheaton Precious Metals's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Wheaton Precious Metals's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 2 | Southern Copper Corp | 166,346 | 77.46 % |
| 3 | Rio Tinto Plc | 152,559 | 42.92 % |
| 4 | Newmont Corporation | 124,220 | 39.14 % |
| 5 | Freeport mcmoran Inc | 101,993 | 100.00 % |
| 6 | Agnico Eagle Mines Limited | 1,234 | 12.3% |
| 7 | Wheaton Precious Metals Corp | 62,459 | 27.97 % |
| 8 | Franco nevada Corporation | 1,234 | 12.3% |
| 9 | Anglogold Ashanti Plc | 1,234 | 12.3% |
| 10 | Cameco Corporation | 1,234 | 12.3% |
| 11 | Gold Fields Limited | 1,234 | 12.3% |
| 12 | Kinross Gold Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Wheaton Precious Metals's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Wheaton Precious Metals's BCG Growth-Share Matrix
Relative market share (vs Wheaton Precious Metals's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Wheaton Precious Metals falls in the Question Mark quadrant: relative market share of 0.30x vs its largest competitor, in an industry growing revenue 33.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Wheaton Precious Metals's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 751 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Wheaton Precious Metals's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Wheaton Precious Metals's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Wheaton Precious Metals's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Wheaton Precious Metals falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Wheaton Precious Metals's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-13.0% annualized vs trailing 12 months).
- Low relative market share vs the industry leader (0.30x).
Opportunities
- Industry revenue growing at a healthy 33.6% median pace.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Wheaton Precious Metals's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Wheaton Precious Metals Corp | 7.46 | 7.78 | - |
| Sunstock Inc | 0.02 | 3.62 | 0.09 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Wheaton Precious Metals's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Wheaton Precious Metals Corp | Q2 2025 | +80.2 % | +178.1 % |
| Sunstock Inc | Q3 2024 | +6.0 % | - |
| PEERS TOTAL | +80.1 % | +178.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Wheaton Precious Metals's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Wheaton Precious Metals Corp | Q2 2025 | +33.4 % | - |
| Sunstock Inc | Q3 2024 | +0.0 % | - |
Wheaton Precious Metals's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Wheaton Precious Metals Corp | 16.13% | 16.93% | 16.93% |
| Sunstock Inc | 30.59% | 42.07% | 46.22% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Wheaton Precious Metals's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Wheaton Precious Metals Corp | 41.86 | 26.64 |
| Sunstock Inc | - | 0.01 |
| PEERS AVERAGE | 41.88 | 26.56 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.