BHP vs. WPM: BHP vs. Wheaton Precious Metals Stock Comparison

November 11, 2026

How do BHP (BHP) and Wheaton Precious Metals (WPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BHP (BHP) and Wheaton Precious Metals (WPM) both belong to the Metals & Mining industry, though BHP is classified under Diversified Metals & Mining while WPM falls under Gold.

Wheaton Precious Metals (WPM) trades as ordinary local shares, while BHP (BHP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for BHP (BHP) and Wheaton Precious Metals (WPM)
Profile Item	BHP	WPM
Name	BHP Group Ltd. Sponsored ADR	Wheaton Precious Metals Corp.
Country/Region	Australia	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Diversified Metals & Mining	Gold
Market Capitalization	203.04 billion USD	61.91 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	July 6, 2005
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BHP

WPM

GSPC

BHP (BHP) vs. Wheaton Precious Metals (WPM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BHP (BHP) and Wheaton Precious Metals (WPM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BHP (BHP) and Wheaton Precious Metals (WPM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BHP (BHP) and Wheaton Precious Metals (WPM)
Metric	BHP	WPM
Total Return (1Y)	55.75%	45.35%
Total Return (3Y, Annualized)	17.27%	50.60%
Total Return (5Y, Annualized)	18.05%	29.06%

Risk Profile

Drawdown History

BHP

WPM

GSPC

BHP (BHP) vs. Wheaton Precious Metals (WPM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BHP (BHP) and Wheaton Precious Metals (WPM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BHP (BHP) and Wheaton Precious Metals (WPM)
Metric	BHP	WPM
Volatility (1Y, Annualized)	34.60%	52.11%
Beta (5Y)	0.77	0.49
Max Drawdown (5Y)	-37.21%	-43.29%
Avg. Volume (3M)	2.84M	2.01M

Risk-Adjusted Performance

Risk-Return Positioning

BHP and WPM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BHP (BHP) and Wheaton Precious Metals (WPM)
Metric	BHP	WPM
Sharpe Ratio (1Y)	1.49	0.79
Sortino Ratio (1Y)	2.22	1.14

Profitability

ROE (TTM)

Both BHP (BHP) at 24.00% and Wheaton Precious Metals (WPM) at 23.10% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

BHP

Materials industry group

24.00%

Max: 52.88%
BHP: 24.00%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

WPM

Materials industry group

23.10%

Max: 52.88%
WPM: 23.10%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Wheaton Precious Metals (WPM) at 60.39% keeps the most of each sales dollar — above its industry’s net margin range — and BHP (BHP) at 16.73% also retains a top-quartile share.

BHP

Materials industry group

16.73%

Max: 38.66%
BHP: 16.73%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

WPM

Materials industry group

60.39%

WPM: 60.39%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both BHP (BHP) at 43.34% and Wheaton Precious Metals (WPM) at 66.70% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

BHP

Materials industry group

43.34%

Max: 66.70%
BHP: 43.34%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

WPM

Materials industry group

66.70%

WPM: 66.70%
Max: 66.70%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for BHP (BHP) and Wheaton Precious Metals (WPM)
Metric	BHP	WPM
ROE (TTM)	24.00%	23.10%
ROA (TTM)	13.43%	15.22%
Net Margin (TTM)	16.73%	60.39%
Operating Margin (TTM)	43.34%	66.70%
Gross Margin (TTM)	85.92%	86.61%

Growth

Revenue Growth

Wheaton Precious Metals (WPM) at 80.18% sits in the top revenue growth quartile, while BHP (BHP) at 14.63% is closer to the peer norm — faster top-line expansion for WPM.

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Wheaton Precious Metals (WPM) at 177.85% sits in the top EPS growth quartile, while BHP (BHP) at 8.91% is closer to the peer norm — faster per-share earnings growth for WPM.

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BHP (BHP) and Wheaton Precious Metals (WPM)
Metric	BHP	WPM
Revenue Growth (YoY)	14.63%	80.18%
Revenue Growth (3Y CAGR)	2.97%	29.53%
EPS Growth (YoY)	8.91%	177.85%
EPS Growth (3Y CAGR)	-8.80%	29.83%

Financial Strength

Current Ratio (MRQ)

BHP (BHP) at 1.89 keeps current ratio within its industry’s typical mid-range, while Wheaton Precious Metals (WPM) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WPM.

BHP

Materials industry group

1.89

Max: 5.96
Q3: 3.30
Median: 2.24
BHP: 1.89
Q1: 1.45
Min: 0.16

WPM

Materials industry group

0.57

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
WPM: 0.57
Min: 0.16

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both BHP (BHP) at 0.50 and Wheaton Precious Metals (WPM) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

BHP

Materials industry group

0.50

Max: 1.98
Q3: 0.89
BHP: 0.50
Median: 0.47
Q1: 0.13
Min: 0.00

WPM

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
WPM: 0.16
Q1: 0.13
Min: 0.00

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BHP (BHP) and Wheaton Precious Metals (WPM)
Metric	BHP	WPM
Current Ratio (MRQ)	1.89	0.57
Debt / Equity (MRQ)	0.50	0.16
Net Debt / EBITDA	0.33	0.50

Dividends

Dividend Yield (TTM)

BHP (BHP) at 2.19% delivers top-quartile income for its industry, while Wheaton Precious Metals (WPM) at 0.57% pays a more typical yield — both are credible income propositions, BHP the richer one.

BHP

Materials industry group

2.19%

Max: 4.52%
BHP: 2.19%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

WPM

Materials industry group

0.57%

Max: 4.52%
Q3: 1.85%
WPM: 0.57%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Wheaton Precious Metals (WPM) at 16.29% pays out a band-typical share of earnings, while BHP (BHP) at 68.84% distributes more than its industry norm — less retained, thinner cover.

BHP

Materials industry group

68.84%

Max: 83.62%
BHP: 68.84%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

WPM

Materials industry group

16.29%

Max: 83.62%
Q3: 41.37%
WPM: 16.29%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for BHP (BHP) and Wheaton Precious Metals (WPM)
Metric	BHP	WPM
Dividend Yield (TTM)	2.19%	0.57%
Dividend Payout Ratio (TTM)	68.84%	16.29%

Valuation

P/E Ratio (TTM)

Both BHP (BHP) at 20.70 and Wheaton Precious Metals (WPM) at 29.63 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

BHP

Materials industry group

20.70

Max: 59.00
Q3: 32.93
BHP: 20.70
Median: 18.82
Q1: 11.96
Min: 3.93

WPM

Materials industry group

29.63

Max: 59.00
Q3: 32.93
WPM: 29.63
Median: 18.82
Q1: 11.96
Min: 3.93

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

BHP (BHP) at 3.46 prices around its industry’s typical P/S ratio, while Wheaton Precious Metals (WPM) at 17.86 clears its benchmark range — WPM looks notably rich on sales.

BHP

Materials industry group

3.46

Max: 9.62
Q3: 4.34
BHP: 3.46
Median: 1.87
Q1: 0.73
Min: 0.00

WPM

Materials industry group

17.86

WPM: 17.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Both BHP (BHP) at 3.98 and Wheaton Precious Metals (WPM) at 6.17 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

BHP

Materials industry group

3.98

Max: 6.59
BHP: 3.98
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

WPM

Materials industry group

6.17

Max: 6.59
WPM: 6.17
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

BHP (BHP) vs. Wheaton Precious Metals (WPM): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for BHP (BHP) and Wheaton Precious Metals (WPM)
Metric	BHP	WPM
P/E Ratio (TTM)	20.70	29.63
P/S Ratio (TTM)	3.46	17.86
P/B Ratio (MRQ)	3.98	6.17
Free Cash Flow Yield (TTM)	4.72%	-5.11%