Newmont Corporation (NEM) vs Wheaton Precious Metals Corp. (WPM)
A side-by-side comparison of Newmont Corporation and Wheaton Precious Metals Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 20, 2026. Differences are shown without an overall score or investment verdict.
NEM
Newmont Corporation
$125.08Basic MaterialsAt close: Aug 19, 2026, 4:00 PM ET
WPM
Wheaton Precious Metals Corp.
$147.43Basic MaterialsAt close: Aug 19, 2026, 4:00 PM ET
Total return — NEM vs WPM
growth of $100 · dividends reinvested · last 10yNEM +251.9% (+13.4%/yr)WPM +480.0% (+19.2%/yr)WPM compounded faster over this window
NEM WPM
NEM vs WPM: by the numbers
- •NEM is the larger company ($131.80B vs $66.95B market cap).
- •NEM trades at the lower trailing earnings multiple (15.75 vs 32.69 P/E), one valuation lens rather than an overall verdict.
- •WPM converts more revenue to profit (64.66% vs 38.06% net margin).
- •WPM grew revenue faster over the past five years (20.52% vs 12.68% CAGR).
- •NEM pays the higher dividend yield (0.82% vs 0.49%).
Metrics side by side
Valuation
| Metric | NEM | WPM |
|---|---|---|
| P/E ratio | 15.75 | 32.69 |
| Forward P/E | 13.16 | 30.34 |
| P/S ratio | 5.91 | 21.14 |
| P/B ratio | 3.77 | 6.92 |
| EV / EBITDA | 9.09 | 25.90 |
| FCF yield | 9.57% | 1.78% |
Profitability
| Metric | NEM | WPM |
|---|---|---|
| Gross margin | 54.52% | 77.30% |
| Operating margin | 51.36% | 72.80% |
| Net margin | 38.06% | 64.66% |
| ROE | 24.28% | 21.17% |
| ROIC | 13.76% | 16.61% |
Dividends
| Metric | NEM | WPM |
|---|---|---|
| Dividend yield | 0.82% | 0.49% |
| Payout ratio | 15.91% | 21.82% |
Growth (annualized)
| Metric | NEM | WPM |
|---|---|---|
| Revenue CAGR (5Y) | 12.68% | 20.52% |
| EPS CAGR (5Y) | 12.74% | 22.63% |
| FCF CAGR (5Y) | 28.75% | -5.56% |
| Total return CAGR (5Y) | 20.65% | 29.71% |
Frequently asked
- Which has the lower trailing P/E, NEM or WPM?
- NEM has the lower trailing P/E: NEM trades at 15.75 and WPM at 32.69. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, NEM or WPM?
- Over the past five years, WPM grew revenue faster — NEM at a 12.68% CAGR versus WPM at 20.52%.
- Does NEM or WPM pay a bigger dividend?
- NEM yields 0.82% and WPM yields 0.49% based on trailing dividends and the latest price.
- Is NEM or WPM more profitable?
- WPM runs the higher net margin — NEM at 38.06% versus WPM at 64.66%.
- How have NEM and WPM total returns compared?
- Over the past 10 years, NEM delivered 13.44% and WPM delivered 19.08% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Newmont P/E ratioWheaton Precious Metals P/E ratioNewmont dividend yieldWheaton Precious Metals dividend yieldNewmont ROEWheaton Precious Metals ROENewmont operating marginWheaton Precious Metals operating marginNewmont revenue growthWheaton Precious Metals revenue growthNewmont free cash flowWheaton Precious Metals free cash flow
Newmont & 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 August 20, 2026.