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 July 28, 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
$418.22TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
WPM
Wheaton Precious Metals Corp.
$109.58Basic MaterialsDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — APP vs WPM
growth of $100 · dividends reinvested · last 5yAPP +533.0%WPM +178.6%APP compounded faster
APP WPM
APP vs WPM: by the numbers
- •APP is the larger company ($140.50B vs $49.76B market cap).
- •WPM trades at the lower trailing earnings multiple (28.29 vs 35.46 P/E), one valuation lens rather than an overall verdict.
- •WPM converts more revenue to profit (65.55% vs 64.29% net margin).
- •APP grew revenue faster over the past five years (27.99% vs 18.70% CAGR).
- •WPM pays a dividend (0.64% yield), while APP has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | APP | WPM |
|---|---|---|
| P/E ratio | 35.46 | 28.29 |
| Forward P/E | 25.66 | 22.70 |
| P/S ratio | 22.68 | 18.55 |
| P/B ratio | 59.15 | 5.50 |
| PEG ratio | 0.62 | 0.20 |
| EV / EBITDA | 28.68 | 21.42 |
| FCF yield | 3.15% | 1.95% |
Profitability
| Metric | APP | WPM |
|---|---|---|
| Gross margin | 88.37% | 77.10% |
| Operating margin | 77.09% | 71.81% |
| Net margin | 64.29% | 65.55% |
| ROE | 167.67% | 19.41% |
| ROIC | 60.71% | 15.60% |
Dividends
| Metric | APP | WPM |
|---|---|---|
| Dividend yield | N/A | 0.64% |
| Payout ratio | N/A | 21.82% |
Growth (annualized)
| Metric | APP | WPM |
|---|---|---|
| Revenue CAGR (5Y) | 27.99% | 18.70% |
| EPS CAGR (5Y) | 73.54% | 22.63% |
| FCF CAGR (5Y) | 79.57% | -5.56% |
| Total return CAGR (5Y) | 45.80% | 20.67% |
Frequently asked
- Which has the lower trailing P/E, APP or WPM?
- WPM has the lower trailing P/E: APP trades at 35.46 and WPM at 28.29. 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 27.99% CAGR versus WPM at 18.70%.
- Does APP or WPM pay a bigger dividend?
- WPM pays a dividend (0.64% yield), while APP has no payments in the available dividend history.
- Is APP or WPM more profitable?
- WPM runs the higher net margin — APP at 64.29% versus WPM at 65.55%.
- How have APP and WPM total returns compared?
- Over the past 5 years, APP delivered 45.80% and WPM delivered 16.42% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AppLovin P/E ratioWheaton Precious Metals P/E ratioAppLovin dividend yieldWheaton 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 July 28, 2026.