Wheaton Precious Metals (TSX:WPM) EBIT: C$2,879 Mil (TTM As of Mar. 2026)


TSX:WPM Wheaton Precious Metals Corp TSX:WPM
96 GF Score
Price C$165.39
GF Value C$232.11
Valuation Modestly Undervalued
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What is Wheaton Precious Metals EBIT?

Wheaton Precious Metals TSX:WPM -4.09% 96 EBIT is C$2,879 Mil as of Mar. 2026. GuruFocus rates TSX:WPM with a GF Score™ of 96/100 and a GF Value™ of C$232.11 (Modestly Undervalued).

Wheaton Precious Metals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$948 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$2,879 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wheaton Precious Metals's annualized ROC % for the quarter that ended in Mar. 2026 was 29.03%. Wheaton Precious Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wheaton Precious Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.00%.


Wheaton Precious Metals  (TSX:WPM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Wheaton Precious Metals's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3703.264 * ( 1 - 15.78% )/( (10958.46 + 10527.899)/ 2 )
=3118.8889408/10743.1795
=29.03 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12589.015 - 182.795 - ( 1591.382 - max(0, 213.391 - 1661.151+1591.382))
=10958.46

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13508.98 - 644.228 - ( 2969.701 - max(0, 661.786 - 2998.639+2969.701))
=10527.899

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Wheaton Precious Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3793.448/( ( (10338.787 + max(-145.182, 0)) + (10258.5 + max(-633.509, 0)) )/ 2 )
=3793.448/( ( 10338.787 + 10258.5 )/ 2 )
=3793.448/10298.6435
=36.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.101 + 0 + 5.3150000000001) - (182.795 + 0 + 29.803)
=-145.182

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.292 + 0 + 4.1880000000001) - (644.228 + 0 + 16.761)
=-633.509

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Wheaton Precious Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2879.242/72053.726
=4.00 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Wheaton Precious Metals EBIT Related Terms


Wheaton Precious Metals EBIT Historical Data

* Premium members only.

The historical data trend for Wheaton Precious Metals's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wheaton Precious Metals EBIT Chart

Wheaton Precious Metals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 966.36 909.82 723.48 918.40 2,343.08

Wheaton Precious Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 426.16 462.13 570.97 897.77 948.36

TSX:WPM vs NEM, AU, CDE: EBIT Comparison

For the Gold subindustry, Wheaton Precious Metals's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wheaton Precious Metals EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wheaton Precious Metals's EV-to-EBIT falls into.


TSX:WPM
96GF Score
Wheaton Precious Metals Corp TSX:WPM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Wheaton Precious Metals EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,879 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of C$2,879 Mil mean?
Wheaton Precious Metals (TSX:WPM) has a EBIT of C$2,879 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Wheaton Precious Metals.
Is Wheaton Precious Metals' EBIT too high?
Wheaton Precious Metals' current EBIT is C$2,879 Mil. Overall, Wheaton Precious Metals has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wheaton Precious Metals' EBIT compare to NEM and AU?
Wheaton Precious Metals' EBIT of C$2,879 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Wheaton Precious Metals. Wheaton Precious Metals's current EBIT is C$2,879 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wheaton Precious Metals stock overvalued right now?
Based on GuruFocus' analysis, Wheaton Precious Metals (TSX:WPM) is currently considered Modestly Undervalued. The stock's GF Value™ is C$232.11, compared to a current price of C$165.39 — trading 28.7% below its estimated fair value. The current EBIT is C$2,879 Mil. Wheaton Precious Metals' overall GF Score™ is 96/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Wheaton Precious Metals (TSX:WPM), the current EBIT is C$2,879 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Wheaton Precious Metals (TSX:WPM) Overvalued in 2026?

Based on GuruFocus' analysis, Wheaton Precious Metals stock appears to be undervalued. The current stock price of C$165.39 is trading 28.7% below its estimated GF Value™ of C$232.11. GuruFocus considers Wheaton Precious Metals to be Modestly Undervalued.

Key valuation signals for TSX:WPM:

  • EBIT: C$2,879 Mil
  • GF Value™: C$232.11 vs. price of C$165.39 (28.7% below fair value)
  • GF Score™: 96/100

No single metric tells the full story. See the TSX:WPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wheaton Precious Metals Business Description

Address 1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3
Wheaton Precious Metals Corp is a precious metal streaming company. Its geographical segment includes: North America; Europe; South America; and Africa. It generates its revenue from the sale of precious metals (gold, silver and palladium) and cobalt.
96GF Score

Get the complete analysis for TSX:WPM

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$165.39
Price
C$232.11
GF Value