Filing Flows › Comparisons › NEM vs WPM
Newmont vs Wheaton Precious Metals: NEM and WPM compared
Newmont is the larger company: $6.4B of revenue in its latest quarter (Q3 2026) against $772M for Wheaton Precious Metals (Q3 2026). Wheaton Precious Metals is more profitable, with an operating margin of 66.2% against 49.7%.
Where the money goes: NEM and WPM
Newmont (NEM) · Q3 2026
Newmont, Q3 2026: revenue $6.4B (+15% year over year), operating margin 49.7%, net earnings $2.5B, operating cash flow $2.8B. The chart follows the revenue to costs, profit and cash.
Wheaton Precious Metals (WPM) · Q3 2026
Wheaton Precious Metals, Q3 2026: revenue $772M, operating margin 66.2%, net earnings $410M. The chart follows the revenue to costs, profit and cash.
| Newmont (NEM) | Wheaton Precious Metals (WPM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.4B | $772M |
| Revenue growth, Y/Y | +15% | — |
| Gross margin | — | 69.8% |
| Operating margin | 49.7% | 66.2% |
| Net earnings | $2.5B | $410M |
| Net margin | 38.9% | 53.2% |
| Operating cash flow | $2.8B | — |
| Free cash flow | $1.9B | — |
| Market value | $125.8B | $61.9B |
| P/E | 13.9× | 42.1× |
| Analysts’ mean target | $135.47 | $172.22 |
Where the revenue comes from
Newmont
- Gold Sales from Doré Production: $4.1B (65%)
- Sales from Concentrate and Other Production: $2.2B (35%)
Questions
Which is bigger, Newmont or Wheaton Precious Metals?
Newmont is the larger company: $6.4B of revenue in its latest quarter (Q3 2026) against $772M for Wheaton Precious Metals (Q3 2026).
Is Newmont or Wheaton Precious Metals growing faster?
Wheaton Precious Metals is more profitable, with an operating margin of 66.2% against 49.7%.
More: Newmont earnings · how Newmont makes money · Wheaton Precious Metals earnings · how Wheaton Precious Metals makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 6-K filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.