SUZ vs. WPM: Suzano vs. Wheaton Precious Metals Stock Comparison

November 11, 2026

How do Suzano (SUZ) 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

Suzano (SUZ) and Wheaton Precious Metals (WPM) both fall under the Materials industry group, but SUZ is classified in Paper & Forest Products while WPM is classified in Metals & Mining.

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

Company profile comparison for Suzano (SUZ) and Wheaton Precious Metals (WPM)
Profile Item	SUZ	WPM
Name	Suzano S.A. - Sponsored ADR	Wheaton Precious Metals Corp.
Country/Region	Brazil	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Paper & Forest Products	Metals & Mining
GICS Sub-Industry	Paper Products	Gold
Market Capitalization	11.90 billion USD	61.91 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 4, 2008	July 6, 2005
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

SUZ

WPM

GSPC

Suzano (SUZ) 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 Suzano (SUZ) and Wheaton Precious Metals (WPM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Suzano (SUZ) 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 Suzano (SUZ) and Wheaton Precious Metals (WPM)
Metric	SUZ	WPM
Total Return (1Y)	9.33%	45.35%
Total Return (3Y, Annualized)	-1.70%	50.60%
Total Return (5Y, Annualized)	4.04%	29.06%

Risk Profile

Drawdown History

SUZ

WPM

GSPC

Suzano (SUZ) 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 Suzano (SUZ) 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 Suzano (SUZ) and Wheaton Precious Metals (WPM)
Metric	SUZ	WPM
Volatility (1Y, Annualized)	30.42%	52.11%
Beta (5Y)	0.56	0.49
Max Drawdown (5Y)	-38.50%	-43.29%
Avg. Volume (3M)	3.57M	2.01M

Risk-Adjusted Performance

Risk-Return Positioning

SUZ 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 Suzano (SUZ) and Wheaton Precious Metals (WPM)
Metric	SUZ	WPM
Sharpe Ratio (1Y)	0.17	0.79
Sortino Ratio (1Y)	0.26	1.14

Profitability

ROE (TTM)

Wheaton Precious Metals (WPM) at 23.10% sits in the top ROE quartile, while Suzano (SUZ) at 16.20% is closer to the peer norm — stronger capital efficiency for WPM.

SUZ

Materials industry group

16.20%

Max: 52.88%
Q3: 19.49%
SUZ: 16.20%
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%

Suzano (SUZ) 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% converts revenue to bottom-line profit above its industry’s benchmark range, while Suzano (SUZ) at 15.94% keeps roughly the typical share for its industry.

SUZ

Materials industry group

15.94%

Max: 38.66%
Q3: 15.98%
SUZ: 15.94%
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%

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

Operating Margin (TTM)

Wheaton Precious Metals (WPM) at 66.70% operates in the top operating margin quartile, ahead of Suzano (SUZ) at 9.76%, which runs around its industry’s norm.

SUZ

Materials industry group

9.76%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
SUZ: 9.76%
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%

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

Profitability Metrics

Profitability metrics for Suzano (SUZ) and Wheaton Precious Metals (WPM)
Metric	SUZ	WPM
ROE (TTM)	16.20%	23.10%
ROA (TTM)	2.54%	15.22%
Net Margin (TTM)	15.94%	60.39%
Operating Margin (TTM)	9.76%	66.70%
Gross Margin (TTM)	26.68%	86.61%

Growth

Revenue Growth

Wheaton Precious Metals (WPM) at 80.18% sits in the top revenue growth quartile, while Suzano (SUZ) at 5.72% is closer to the peer norm — faster top-line expansion for WPM.

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

EPS Growth

Only one side can be read here: Wheaton Precious Metals (WPM) reports EPS growth of 177.85%, ranked against its industry; Suzano (SUZ) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Suzano (SUZ) and Wheaton Precious Metals (WPM)
Metric	SUZ	WPM
Revenue Growth (YoY)	5.72%	80.18%
Revenue Growth (3Y CAGR)	0.19%	29.53%
EPS Growth (YoY)	--	177.85%
EPS Growth (3Y CAGR)	-14.94%	29.83%

Financial Strength

Current Ratio (MRQ)

Suzano (SUZ) at 2.54 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.

SUZ

Materials industry group

2.54

Max: 5.96
Q3: 3.30
SUZ: 2.54
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

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

Debt / Equity (MRQ)

Wheaton Precious Metals (WPM) at 0.16 carries an industry-typical debt-to-equity mix, while Suzano (SUZ) at 1.83 uses more debt funding than most peers.

SUZ

Materials industry group

1.83

Max: 1.98
SUZ: 1.83
Q3: 0.89
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

Suzano (SUZ) 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 Suzano (SUZ) and Wheaton Precious Metals (WPM)
Metric	SUZ	WPM
Current Ratio (MRQ)	2.54	0.57
Debt / Equity (MRQ)	1.83	0.16
Net Debt / EBITDA	4.28	0.50

Dividends

Dividend Yield (TTM)

Both Suzano (SUZ) at 0.05% and Wheaton Precious Metals (WPM) at 0.57% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

SUZ

Materials industry group

0.05%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
SUZ: 0.05%
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%

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

Dividend Payout Ratio (TTM)

Both Suzano (SUZ) at 17.55% 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.

SUZ

Materials industry group

17.55%

Max: 83.62%
Q3: 41.37%
SUZ: 17.55%
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%

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

Dividend Metrics

Dividend metrics for Suzano (SUZ) and Wheaton Precious Metals (WPM)
Metric	SUZ	WPM
Dividend Yield (TTM)	0.05%	0.57%
Dividend Payout Ratio (TTM)	17.55%	16.29%

Valuation

P/E Ratio (TTM)

Suzano (SUZ) at 7.49 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 SUZ, though growth and earnings durability still matter.

SUZ

Materials industry group

7.49

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
SUZ: 7.49
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

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

P/S Ratio (TTM)

Suzano (SUZ) at 0.23 sits in the cheaper P/S ratio quartile while Wheaton Precious Metals (WPM) at 17.86 prices above its industry range — a wide gap in sales valuation between them.

SUZ

Materials industry group

0.23

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
SUZ: 0.23
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

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

P/B Ratio (MRQ)

Suzano (SUZ) at 1.16 looks cheap against book in the lower P/B ratio quartile, while Wheaton Precious Metals (WPM) at 6.17 carries a premium in the upper quartile — a clear price-to-book gap.

SUZ

Materials industry group

1.16

Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
SUZ: 1.16
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

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

Valuation Metrics

Valuation metrics for Suzano (SUZ) and Wheaton Precious Metals (WPM)
Metric	SUZ	WPM
P/E Ratio (TTM)	7.49	29.63
P/S Ratio (TTM)	0.23	17.86
P/B Ratio (MRQ)	1.16	6.17
Free Cash Flow Yield (TTM)	-7.73%	-5.11%