Wheaton Precious MetalsMEX:WPMN 89 Gross Margin % is 77.58% as of Mar. 2026, which is 46% above its 10-year median of 53.26. GuruFocus rates MEX:WPMN with a GF Score™ of 89/100 and a GF Value™ of MXN3,137.79 (Significantly Undervalued). Among 730 Metals & Mining companies, Wheaton Precious Metals ranks better than 92.88% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Wheaton Precious Metals had a gross margin of 77.58% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Wheaton Precious Metals Gross Margin % Related Terms
Wheaton Precious Metals Gross Margin % Historical Data
* 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.
MEX:WPMN vs NEM, AU, CDE: Gross Margin % Comparison
For the Gold subindustry, Wheaton Precious Metals's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Wheaton Precious Metals's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Wheaton Precious Metals (MEX:WPMN) has a Gross Margin % of 77.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Wheaton Precious Metals and its competitors. This is 46% above median its historical median of 53.26. Over the past decade, Wheaton Precious Metals' Gross Margin % has ranged from 36.84 to 74.74. According to the industry distribution chart, Wheaton Precious Metals ranks #52 out of 730 companies in the Metals & Mining industry, placing it in the top 7.1%.
Is Wheaton Precious Metals' Gross Margin % too high?
Wheaton Precious Metals' current Gross Margin % of 77.58% is 46% above median its 10-year median of 53.26. Over the past 10 years, this metric has ranged from a low of 36.84 to a high of 74.74. The Metals & Mining industry median Gross Margin % is 26.18. Wheaton Precious Metals' value of 77.58% is 196.4% above this industry median. Based on the distribution chart, Wheaton Precious Metals ranks #52 out of 730 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Wheaton Precious Metals has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wheaton Precious Metals' Gross Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Wheaton Precious Metals ranks #52 out of 730 companies for Gross Margin %. This places Wheaton Precious Metals in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.18. Wheaton Precious Metals' value of 77.58% is 196.4% above this benchmark. Historically, Wheaton Precious Metals' own Gross Margin % has ranged from 36.84 to 74.74 over the past decade. While the company's 10-year median is 53.26 vs. the industry median of 26.18, Wheaton Precious Metals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wheaton Precious Metals's current Gross Margin % of 77.58% is 196.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Wheaton Precious Metals and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheaton Precious Metals's current Gross Margin % is 77.58%, which is 46% above median its own 10-year median of 53.26. 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 (MEX:WPMN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN3,137.79, compared to a current price of MXN2,170.00 — trading 30.8% below its estimated fair value. The current Gross Margin % is 77.58%, which is 46% above median its 10-year median of 53.26 and 196.4% above the Metals & Mining industry median of 26.18. Wheaton Precious Metals' overall GF Score™ is 89/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Wheaton Precious Metals (MEX:WPMN), the current Gross Margin % is 77.58% 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 (MEX:WPMN) Overvalued in 2026?
Based on GuruFocus' analysis, Wheaton Precious Metals stock appears to be undervalued.
The current stock price of MXN2,170.00 is trading 30.8% below its estimated GF Value™ of MXN3,137.79.
GuruFocus considers Wheaton Precious Metals to be Significantly Undervalued.
Key valuation signals for MEX:WPMN:
Gross Margin %: 77.58% (46% above median its 10-year median of 53.26)
GF Value™: MXN3,137.79 vs. price of MXN2,170.00 (30.8% below fair value)
Industry Position: 196.4% above the Metals & Mining median (#52 of 730)
No single metric tells the full story. See the MEX:WPMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
89GF Score
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