CF vs. WPM: CF Industries vs. Wheaton Precious Metals Stock Comparison

November 11, 2026

How do CF Industries (CF) 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

CF Industries (CF) and Wheaton Precious Metals (WPM) both fall under the Materials industry group, but CF is classified in Chemicals while WPM is classified in Metals & Mining.

Company profile comparison for CF Industries (CF) and Wheaton Precious Metals (WPM)
Profile Item	CF	WPM
Name	CF Industries Holdings, Inc.	Wheaton Precious Metals Corp.
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Metals & Mining
GICS Sub-Industry	Fertilizers & Agricultural Chemicals	Gold
Market Capitalization	17.46 billion USD	61.91 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 11, 2005	July 6, 2005
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

WPM

GSPC

CF Industries (CF) 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 CF Industries (CF) and Wheaton Precious Metals (WPM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CF Industries (CF) 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 CF Industries (CF) and Wheaton Precious Metals (WPM)
Metric	CF	WPM
Total Return (1Y)	49.36%	45.35%
Total Return (3Y, Annualized)	17.00%	50.60%
Total Return (5Y, Annualized)	16.09%	29.06%

Risk Profile

Drawdown History

WPM

GSPC

CF Industries (CF) 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 CF Industries (CF) 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 CF Industries (CF) and Wheaton Precious Metals (WPM)
Metric	CF	WPM
Volatility (1Y, Annualized)	43.66%	52.11%
Beta (5Y)	0.56	0.49
Max Drawdown (5Y)	-48.36%	-43.29%
Avg. Volume (3M)	2.49M	2.01M

Risk-Adjusted Performance

Risk-Return Positioning

CF 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 CF Industries (CF) and Wheaton Precious Metals (WPM)
Metric	CF	WPM
Sharpe Ratio (1Y)	1.03	0.79
Sortino Ratio (1Y)	1.59	1.14

Profitability

ROE (TTM)

Both CF Industries (CF) at 30.86% 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.

CF

Materials industry group

30.86%

Max: 52.88%
CF: 30.86%
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%

CF Industries (CF) 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 CF Industries (CF) at 27.48% also retains a top-quartile share.

CF

Materials industry group

27.48%

Max: 38.66%
CF: 27.48%
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%

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

Operating Margin (TTM)

Both CF Industries (CF) at 34.36% 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.

CF

Materials industry group

34.36%

Max: 66.70%
CF: 34.36%
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%

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

Profitability Metrics

Profitability metrics for CF Industries (CF) and Wheaton Precious Metals (WPM)
Metric	CF	WPM
ROE (TTM)	30.86%	23.10%
ROA (TTM)	12.61%	15.22%
Net Margin (TTM)	27.48%	60.39%
Operating Margin (TTM)	34.36%	66.70%
Gross Margin (TTM)	42.52%	86.61%

Growth

Revenue Growth

Wheaton Precious Metals (WPM) at 80.18% sits in the top revenue growth quartile, while CF Industries (CF) at 19.34% is closer to the peer norm — faster top-line expansion for WPM.

CF Industries (CF) 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 CF Industries (CF) at 33.09% is closer to the peer norm — faster per-share earnings growth for WPM.

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

Growth Metrics

Growth metrics for CF Industries (CF) and Wheaton Precious Metals (WPM)
Metric	CF	WPM
Revenue Growth (YoY)	19.34%	80.18%
Revenue Growth (3Y CAGR)	-14.12%	29.53%
EPS Growth (YoY)	33.09%	177.85%
EPS Growth (3Y CAGR)	-18.19%	29.83%

Financial Strength

Current Ratio (MRQ)

CF Industries (CF) at 2.98 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.

CF

Materials industry group

2.98

Max: 5.96
Q3: 3.30
CF: 2.98
Median: 2.24
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

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

Debt / Equity (MRQ)

Both CF Industries (CF) at 0.41 and Wheaton Precious Metals (WPM) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CF

Materials industry group

0.41

Max: 1.98
Q3: 0.89
Median: 0.47
CF: 0.41
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

CF Industries (CF) 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 CF Industries (CF) and Wheaton Precious Metals (WPM)
Metric	CF	WPM
Current Ratio (MRQ)	2.98	0.57
Debt / Equity (MRQ)	0.41	0.16
Net Debt / EBITDA	0.21	0.50

Dividends

Dividend Yield (TTM)

Both CF Industries (CF) at 1.77% and Wheaton Precious Metals (WPM) at 0.57% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CF

Materials industry group

1.77%

Max: 4.52%
Q3: 1.85%
CF: 1.77%
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%

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

Dividend Payout Ratio (TTM)

Both CF Industries (CF) at 14.81% and Wheaton Precious Metals (WPM) at 16.29% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CF

Materials industry group

14.81%

Max: 83.62%
Q3: 41.37%
CF: 14.81%
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%

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

Dividend Metrics

Dividend metrics for CF Industries (CF) and Wheaton Precious Metals (WPM)
Metric	CF	WPM
Dividend Yield (TTM)	1.77%	0.57%
Dividend Payout Ratio (TTM)	14.81%	16.29%

Valuation

P/E Ratio (TTM)

CF Industries (CF) at 8.42 sits in the cheaper P/E ratio quartile, while Wheaton Precious Metals (WPM) at 29.63 is closer to its industry’s usual earnings multiple — a discount for CF, though growth and earnings durability still matter.

CF

Materials industry group

8.42

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
CF: 8.42
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

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

P/S Ratio (TTM)

CF Industries (CF) at 2.20 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.

CF

Materials industry group

2.20

Max: 9.62
Q3: 4.34
CF: 2.20
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

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

P/B Ratio (MRQ)

CF Industries (CF) at 3.10 is valued about in line with its industry on P/B ratio, while Wheaton Precious Metals (WPM) at 6.17 carries an above-peer premium to book — WPM is pricier on assets.

CF

Materials industry group

3.10

Max: 6.59
Q3: 3.55
CF: 3.10
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

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

Valuation Metrics

Valuation metrics for CF Industries (CF) and Wheaton Precious Metals (WPM)
Metric	CF	WPM
P/E Ratio (TTM)	8.42	29.63
P/S Ratio (TTM)	2.20	17.86
P/B Ratio (MRQ)	3.10	6.17
Free Cash Flow Yield (TTM)	9.10%	-5.11%