AppLovin Corporation (APP) vs Wheaton Precious Metals Corp. (WPM)
A side-by-side comparison of AppLovin Corporation and Wheaton Precious Metals Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Different business models: APP is classified in Technology; WPM is classified in Basic Materials. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
APP
AppLovin Corporation
$323.96TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
WPM
Wheaton Precious Metals Corp.
$154.12Basic MaterialsDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — APP vs WPM
growth of $100 · dividends reinvested · last 5yAPP +367.9% (+36.2%/yr)WPM +297.7% (+31.8%/yr)APP compounded faster over this window
APP WPM
APP vs WPM: by the numbers
- •APP is the larger company ($108.83B vs $69.99B market cap).
- •APP trades at the lower trailing earnings multiple (24.90 vs 34.17 P/E), one valuation lens rather than an overall verdict.
- •APP grew revenue faster over the past five years (25.84% vs 20.52% CAGR).
- •WPM pays a dividend (0.48% yield), while APP has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | APP | WPM |
|---|---|---|
| P/E ratio | 24.90 | 34.17 |
| Forward P/E | 20.53 | 32.25 |
| P/S ratio | 15.94 | 22.06 |
| P/B ratio | 34.41 | 7.22 |
| EV / EBITDA | 20.16 | 26.99 |
| FCF yield | 4.13% | N/A |
Profitability
| Metric | APP | WPM |
|---|---|---|
| Gross margin | 88.46% | 77.30% |
| Operating margin | 77.44% | 72.80% |
| Net margin | 64.58% | 64.66% |
| ROE | 139.42% | 21.17% |
| ROIC | 63.79% | 16.61% |
Dividends
| Metric | APP | WPM |
|---|---|---|
| Dividend yield | N/A | 0.48% |
| Payout ratio | N/A | 16.63% |
Growth (annualized)
| Metric | APP | WPM |
|---|---|---|
| Revenue CAGR (5Y) | 25.84% | 20.52% |
| EPS CAGR (5Y) | 73.54% | 22.63% |
| FCF CAGR (5Y) | 73.58% | -5.56% |
| Total return CAGR (5Y) | 32.38% | 29.73% |
Frequently asked
- Which has the lower trailing P/E, APP or WPM?
- APP has the lower trailing P/E: APP trades at 24.90 and WPM at 34.17. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, APP or WPM?
- Over the past five years, APP grew revenue faster — APP at a 25.84% CAGR versus WPM at 20.52%.
- Does APP or WPM pay a bigger dividend?
- WPM pays a dividend (0.48% yield), while APP has no payments in the available dividend history.
- How have APP and WPM total returns compared?
- Over the past 5 years, APP delivered 32.38% and WPM delivered 29.73% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AppLovin P/E ratioWheaton Precious Metals P/E ratioWheaton Precious Metals dividend yieldAppLovin ROEWheaton Precious Metals ROEAppLovin operating marginWheaton Precious Metals operating marginAppLovin revenue growthWheaton Precious Metals revenue growthAppLovin free cash flowWheaton Precious Metals free cash flow
AppLovin & Wheaton Precious Metals appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 10, 2026.