Pan American Silver Corp.(PAAS)Earnings, Financials & Key Ratios
PAAS•NASDAQ
18.8× P/E·Price updated Jun 19, 2026
AboutPan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp. in April 1995. Pan American Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.Show more
- Revenue$3.68B+30.6%
- EBITDA$1.72B+56.1%
- Net Income$995M+792.5%
- EPS (Diluted)2.61+741.9%
- Gross Margin37.66%+93.6%
- EBITDA Margin46.73%+19.5%
- Operating Margin32.27%+71.4%
- Net Margin27.02%+583.2%
- ROE17%+623.5%
PAAS Key Insights
Pan American Silver Corp. (PAAS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 41.1%
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 29.4% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 22.4%
✗Weaknesses
- ✗Thin 5Y average net margin of 1.9%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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PAAS Price & Volume
Pan American Silver Corp. (PAAS) stock price & volume — 10-year historical chart
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PAAS Growth Metrics
Pan American Silver Corp. (PAAS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years18.5%
5 Years22.43%
3 Years35.06%
TTM34.35%
Profit CAGR
10 Years-
5 Years41.11%
3 Years-
TTM308.67%
EPS CAGR
10 Years-
5 Years25.15%
3 Years-
TTM264.08%
Return on Capital
10 Years6.21%
5 Years5.18%
3 Years8.11%
Last Year15.41%
PAAS Recent Earnings
Pan American Silver Corp. (PAAS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$1.09+2.8%
$1.06
Rev
$1.1B-5.9%
$1.2B
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$1.11+23.3%
$0.90
Rev
$1.2B+5.5%
$1.1B
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.48-2.0%
$0.49
Rev
$855M-26.3%
$1.2B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.43+7.5%
$0.40
Rev
$812M-5.7%
$861M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.09vs $1.06+2.8% | $1.1Bvs $1.2B-5.9% |
| Q1 2026 | Feb 18, 2026 | $1.11vs $0.90+23.3% | $1.2Bvs $1.1B+5.5% |
| Q4 2025 | Nov 12, 2025 | $0.48vs $0.49-2.0% | $855Mvs $1.2B-26.3% |
| Q3 2025 | Aug 6, 2025 | $0.43vs $0.40+7.5% | $812Mvs $861M-5.7% |
Based on last 12 quarters of dataView full earnings history →
PAAS Peer Comparison
Pan American Silver Corp. (PAAS) competitors in Diversified silver and base metals producers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AG | 8.89B | 18.00 | 51.43 | 128.18% | 19.72% | 9.49% | 0.10 | |
 HL | 10.7B | 15.96 | 32.57 | 53.03% | 35.55% | 22.55% | 0.12 | |
 CDE | 11.4B | 17.51 | 19.46 | 96.41% | 31.15% | 15.17% | 0.11 | |
 EXK | 2.55B | 8.61 | -20.02 | 115.25% | -3.48% | -3.75% | 0.42 | |
 NEM | 115B | 103.79 | 16.19 | 19.08% | 30.54% | 15.58% | 0.01 | |
 AEM | 83.49B | 166.66 | 18.81 | 43.71% | 37.48% | 19.25% | 0.01 | |
 WPM | 55.66B | 122.57 | 37.26 | 83.33% | 65.55% | 21.33% | 0.00 | |
 KGC | 31.94B | 26.67 | 13.40 | 39.34% | 36.04% | 33.95% | 0.09 |
Compare PAAS vs Peers
Pan American Silver Corp. (PAAS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PAAS Income Statement
Pan American Silver Corp. (PAAS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 816.83M | 784.5M | 1.35B | 1.34B | 1.63B | 1.49B | 2.32B | 2.82B | 3.68B | 4.02B |
Revenue Growth % | 5.43% | -3.96% | 72.18% | -0.88% | 21.96% | -8.46% | 54.95% | 21.71% | 30.63% | 34.35% |
Cost of Goods Sold | 648.07M | 683.6M | 1.15B | 1.08B | 1.26B | 1.45B | 2.02B | 2.27B | 2.3B | 2.26B |
COGS % of Revenue | 79.34% | 87.14% | 84.78% | 80.72% | 77.47% | 96.76% | 87.19% | 80.54% | 62.34% | - |
Gross Profit | 168.76M▲ 0% | 100.9M▼ 40.2% | 205.63M▲ 103.8% | 258.07M▲ 25.5% | 367.94M▲ 42.6% | 48.4M▼ 86.8% | 296.8M▲ 513.2% | 548.5M▲ 84.8% | 1.39B▲ 152.8% | 1.76B▲ 0% |
Gross Margin % | 20.66% | 12.86% | 15.22% | 19.28% | 22.53% | 3.24% | 12.81% | 19.46% | 37.66% | 43.79% |
Gross Profit Growth % | -15.14% | -40.21% | 103.8% | 25.51% | 42.57% | -86.85% | 513.22% | 84.8% | 152.85% | - |
Operating Expenses | -19.57M | 58.21M | 78.52M | 48.09M | 47.03M | 310.7M | 258.7M | 17.8M | 198.41M | 236.96M |
OpEx % of Revenue | -2.4% | 7.42% | 5.81% | 3.59% | 2.88% | 20.79% | 11.17% | 0.63% | 5.39% | - |
Selling, General & Admin | 21.4M | 22.65M | 31.75M | 36.38M | 34.85M | 29M | 61.4M | 69.8M | 118.03M | 131.09M |
SG&A % of Revenue | 2.62% | 2.89% | 2.35% | 2.72% | 2.13% | 1.94% | 2.65% | 2.48% | 3.21% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | -40.97M | 35.56M | 46.77M | 11.72M | 12.18M | 281.7M | 197.3M | -52M | 80.38M | 4M |
Operating Income | 188.33M▲ 0% | 42.69M▼ 77.3% | 127.1M▲ 197.7% | 209.98M▲ 65.2% | 320.91M▲ 52.8% | -262.3M▼ 181.7% | 38.1M▲ 114.5% | 530.7M▲ 1292.9% | 1.19B▲ 123.9% | 1.52B▲ 0% |
Operating Margin % | 23.06% | 5.44% | 9.41% | 15.68% | 19.65% | -17.55% | 1.65% | 18.83% | 32.27% | 37.9% |
Operating Income Growth % | 2.09% | -77.33% | 197.74% | 65.2% | 52.83% | -181.74% | 114.53% | 1292.91% | 123.94% | - |
EBITDA | 311.22M | 189.98M | 380.56M | 482.42M | 623.87M | 53.7M | 522.3M | 1.1B | 1.72B | 2.02B |
EBITDA Margin % | 38.1% | 24.22% | 28.17% | 36.03% | 38.21% | 3.59% | 22.55% | 39.11% | 46.73% | 50.32% |
EBITDA Growth % | 3.59% | -38.96% | 100.32% | 26.77% | 29.32% | -91.39% | 872.63% | 111.07% | 56.08% | 56.62% |
D&A (Non-Cash Add-back) | 122.89M | 147.29M | 253.45M | 272.44M | 302.96M | 316M | 484.2M | 571.7M | 532.16M | 499.07M |
EBIT | 116.13M | 56.93M | 199.39M | 261.23M | 248.65M | -295.7M | -7.4M | 479.3M | 1.19B | 1.64B |
Net Interest Income | -1.26M | -331.2K | 66.84M | 53.88M | -8.65M | -2.16M | -41.96M | -50.84M | 31.54M | -16.69M |
Interest Income | 1.22M | 1.84M | 86.67M | 66.35M | 0 | 5.16M | 16.29M | 0 | 90.56M | 52.39M |
Interest Expense | 2.48M | 2.18M | 19.83M | 12.47M | 8.65M | 7.32M | 58.25M | 50.84M | 59.02M | 69.08M |
Other Income/Expense | -5.84M | -9.5M | 55.41M | 42.03M | -75.92M | -38.7M | -96.9M | -99M | 71.23M | 150.81M |
Pretax Income | 182.49M▲ 0% | 33.19M▼ 81.8% | 182.51M▲ 449.9% | 252.01M▲ 38.1% | 244.99M▼ 2.8% | -301M▼ 222.9% | -58.8M▲ 80.5% | 431.7M▲ 834.2% | 1.26B▲ 191.8% | 1.67B▲ 0% |
Pretax Margin % | 22.34% | 4.23% | 13.51% | 18.82% | 15% | -20.14% | -2.54% | 15.31% | 34.21% | 41.65% |
Income Tax | 59.03M | 21.15M | 71.27M | 75.56M | 146.43M | 39.1M | 46.1M | 319M | 262.52M | 399.76M |
Effective Tax Rate % | 32.35% | 63.72% | 39.05% | 29.98% | 59.77% | -12.99% | -78.4% | 73.89% | 20.84% | 23.89% |
Net Income | 120.99M▲ 0% | 10.29M▼ 91.5% | 110.74M▲ 975.8% | 177.88M▲ 60.6% | 97.43M▼ 45.2% | -340.06M▼ 449.0% | -103.7M▲ 69.5% | 111.5M▲ 207.5% | 995.12M▲ 792.5% | 1.27B▲ 0% |
Net Margin % | 14.81% | 1.31% | 8.2% | 13.29% | 5.97% | -22.75% | -4.48% | 3.96% | 27.02% | 31.69% |
Net Income Growth % | 20.89% | -91.49% | 975.75% | 60.63% | -45.23% | -449.04% | 69.51% | 207.52% | 792.48% | 308.67% |
Net Income (Continuing) | 123.45M | 12.04M | 111.24M | 176.46M | 98.56M | -340.1M | -104.9M | 112.7M | 997.16M | 1.27B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 4.2M | 5.14M | 4.75M | 3.32M | 4.45M | 6.1M | 11.8M | 13.1M | 3.99M | 1M |
EPS (Diluted) | 0.79▲ 0% | 0.07▼ 91.5% | 0.55▲ 719.7% | 0.85▲ 54.5% | 0.46▼ 45.9% | -1.62▼ 452.2% | -0.32▲ 80.2% | 0.31▲ 196.9% | 2.61▲ 741.9% | 3.02▲ 0% |
EPS Growth % | 19.7% | -91.51% | 719.67% | 54.55% | -45.88% | -452.17% | 80.25% | 196.88% | 741.94% | 264.08% |
EPS (Basic) | 0.79 | 0.07 | 0.55 | 0.85 | 0.46 | -1.62 | -0.32 | 0.31 | 2.61 | - |
Diluted Shares Outstanding | 153.35M | 153.52M | 201.57M | 210.29M | 210.44M | 210.52M | 326.54M | 363.4M | 381.58M | 421.93M |
Basic Shares Outstanding | 153.07M | 153.31M | 201.4M | 210.1M | 210.3M | 210.52M | 326.54M | 363.36M | 381.48M | 421.85M |
Dividend Payout Ratio | 12.66% | 206.76% | 26.49% | 25.99% | 73.39% | - | - | 130.4% | 17.89% | - |
PAAS Balance Sheet
Pan American Silver Corp. (PAAS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 595.47M | 548.37M | 788.92M | 856.92M | 1B | 804.4M | 1.39B | 1.72B | 2.19B | 2.54B |
Cash & Short-Term Investments | 227.54M | 212.51M | 238.34M | 279.06M | 335.27M | 142.3M | 440.9M | 887.3M | 1.32B | 1.61B |
Cash Only | 175.95M | 138.51M | 120.56M | 167.11M | 283.55M | 107M | 399.6M | 862.8M | 1.21B | 1.5B |
Short-Term Investments | 51.59M | 74M | 117.78M | 111.95M | 51.72M | 35.3M | 41.3M | 24.5M | 103.81M | 119M |
Accounts Receivable | 126.74M | 109.2M | 185.96M | 149.81M | 148.43M | 176.6M | 200.9M | 195.8M | 255.53M | 236M |
Days Sales Outstanding | 56.63 | 50.81 | 50.25 | 40.84 | 33.18 | 43.13 | 31.66 | 25.35 | 25.33 | 20.76 |
Inventory | 218.72M | 214.47M | 346.51M | 406.19M | 500.46M | 471.6M | 711.6M | 605.7M | 586.93M | 650M |
Days Inventory Outstanding | 123.18 | 114.51 | 110.45 | 137.18 | 144.42 | 119.02 | 128.63 | 97.38 | 93.33 | 98.08 |
Other Current Assets | 9.04M | 640K | 1.27M | 7.81M | 4M | 2.9M | 6.9M | 0 | 3.99M | 45M |
Total Non-Current Assets | 1.4B | 1.39B | 2.67B | 2.58B | 2.52B | 2.44B | 5.82B | 5.48B | 7.53B | 7.59B |
Property, Plant & Equipment | 1.34B | 1.3B | 2.5B | 2.42B | 2.34B | 2.23B | 5.68B | 5.33B | 5.33B | 5.3B |
Fixed Asset Turnover | 0.61x | 0.60x | 0.54x | 0.55x | 0.70x | 0.67x | 0.41x | 0.53x | 0.69x | 0.76x |
Goodwill | 3.06M | 3.06M | 4.99M | 2.77M | 2.77M | 2.77M | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 55.02M | 70.57M | 84.32M | 71.56M | 78.66M | 121.2M | 0 | 0 | 1.97B | 5.88B |
Other Non-Current Assets | 426K | 2.23M | 42.11M | 29.76M | 35.48M | 37.83M | 67.6M | 112.8M | 154.72M | 208M |
Total Assets | 1.99B▲ 0% | 1.94B▼ 2.8% | 3.46B▲ 78.7% | 3.43B▼ 0.8% | 3.52B▲ 2.5% | 3.25B▼ 7.7% | 7.21B▲ 122.0% | 7.2B▼ 0.1% | 9.72B▲ 35.0% | 10.13B▲ 0% |
Asset Turnover | 0.41x | 0.40x | 0.39x | 0.39x | 0.46x | 0.46x | 0.32x | 0.39x | 0.38x | 0.44x |
Asset Growth % | 5.01% | -2.8% | 78.67% | -0.8% | 2.47% | -7.68% | 122.04% | -0.14% | 35.01% | 108.01% |
Total Current Liabilities | 184.71M | 150.53M | 271.67M | 361.76M | 387.68M | 380.8M | 624.2M | 687M | 815.51M | 896M |
Accounts Payable | 47.14M | 52.2M | 66.92M | 80.28M | 77.46M | 88.8M | 198.2M | 194.4M | 314.43M | 203M |
Days Payables Outstanding | 26.55 | 27.87 | 21.33 | 27.11 | 22.35 | 22.41 | 35.83 | 31.25 | 50 | 35.67 |
Short-Term Debt | 3M | 0 | 0 | 0 | 0 | 13.7M | 6.7M | 6.8M | 57.89M | 4M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 11.24M | 6.91M | 8.37M | 12.43M | 11.79M | 19.7M | 41.7M | 48.1M | 122.78M | 53M |
Current Ratio | 3.22x | 3.64x | 2.90x | 2.37x | 2.58x | 2.11x | 2.23x | 2.50x | 2.69x | 2.84x |
Quick Ratio | 2.04x | 2.22x | 1.63x | 1.25x | 1.29x | 0.87x | 1.09x | 1.62x | 1.97x | 2.11x |
Cash Conversion Cycle | 153.27 | 137.45 | 139.36 | 150.91 | 155.25 | 139.73 | 124.46 | 91.48 | 68.66 | 83.18 |
Total Non-Current Liabilities | 287.57M | 273.6M | 722.17M | 466.28M | 494.9M | 666.1M | 1.82B | 1.8B | 1.92B | 1.88B |
Long-Term Debt | 0 | 0 | 275M | 0 | 11.9M | 180M | 697M | 702M | 792.56M | 712M |
Capital Lease Obligations | 1.82M | 1.32M | 27.01M | 20.74M | 19.9M | 19.5M | 52.2M | 53.9M | 84.85M | 317.15M |
Deferred Tax Liabilities | 171.23M | 148.82M | 176.81M | 175.31M | 184.78M | 140.3M | 541.6M | 521.7M | 434.21M | 1.73B |
Other Non-Current Liabilities | 102.5M | 110.17M | 230.81M | 256.96M | 265.8M | 312.4M | 512.5M | 508.2M | 595.91M | 681M |
Total Liabilities | 472.28M | 424.13M | 993.84M | 828.04M | 882.58M | 1.05B | 2.44B | 2.49B | 2.74B | 2.78B |
Total Debt | 10.56M | 6.68M | 316.21M | 33.56M | 42.46M | 226.8M | 801.6M | 803.3M | 935.29M | 845M |
Net Debt | -165.39M | -131.83M | 195.64M | -133.55M | -241.09M | 119.8M | 402M | -59.5M | -277.49M | -650M |
Debt / Equity | 0.01x | 0.00x | 0.13x | 0.01x | 0.02x | 0.10x | 0.17x | 0.17x | 0.13x | 0.11x |
Debt / EBITDA | 0.03x | 0.04x | 0.83x | 0.07x | 0.07x | 4.22x | 1.53x | 0.73x | 0.54x | 0.42x |
Net Debt / EBITDA | -0.53x | -0.69x | 0.51x | -0.28x | -0.39x | 2.23x | 0.77x | -0.05x | -0.16x | -0.32x |
Interest Coverage | 46.88x | 26.16x | 10.06x | 20.95x | 28.74x | -40.40x | -0.13x | 9.43x | 20.14x | 23.79x |
Total Equity | 1.52B▲ 0% | 1.51B▼ 0.5% | 2.47B▲ 63.1% | 2.61B▲ 5.6% | 2.64B▲ 1.2% | 2.2B▼ 16.5% | 4.77B▲ 116.8% | 4.72B▼ 1.2% | 6.99B▲ 48.2% | 7.36B▲ 0% |
Equity Growth % | 8.72% | -0.51% | 63.07% | 5.59% | 1.16% | -16.48% | 116.77% | -1.17% | 48.16% | 150.59% |
Book Value per Share | 9.92 | 9.86 | 12.24 | 12.39 | 12.53 | 10.46 | 14.62 | 12.98 | 18.31 | 17.43 |
Total Shareholders' Equity | 1.52B | 1.51B | 2.46B | 2.6B | 2.63B | 2.2B | 4.76B | 4.7B | 6.98B | 7.35B |
Common Stock | 2.32B | 2.32B | 3.12B | 3.13B | 3.14B | 3.14B | 5.97B | 5.94B | 7.43B | 7.44B |
Retained Earnings | -825.47M | -836.07M | -754.69M | -623.03M | -598.03M | -1.03B | -1.27B | -1.3B | -512.07M | -149M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 1.6M | 208K | 0 | 0 | 0 | -3M | -30.3M | -30.9M | 61.89M | -32M |
Minority Interest | 4.2M | 5.14M | 4.75M | 3.32M | 4.45M | 6.1M | 11.8M | 13.1M | 3.99M | 1M |
PAAS Cash Flow Statement
Pan American Silver Corp. (PAAS) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 224.56M | 154.98M | 282.03M | 462.31M | 392.11M | 31.8M | 450.2M | 724.1M | 1.4B | 1.72B |
Operating CF Margin % | 27.49% | 19.76% | 20.88% | 34.53% | 24.02% | 2.13% | 19.44% | 25.69% | 38.05% | - |
Operating CF Growth % | 4.54% | -30.99% | 81.98% | 63.93% | -15.19% | -91.89% | 1315.72% | 60.84% | 93.5% | 428.27% |
Net Income | 123.45M | 12.04M | 111.24M | 176.46M | 98.56M | -340.1M | -104.9M | 112.7M | 995.12M | 1.27B |
Depreciation & Amortization | 122.89M | 147.29M | 253.45M | 272.44M | 302.96M | 316M | 484.2M | 571.7M | 532.16M | 499.07M |
Stock-Based Compensation | 3.08M | 2.96M | 4.45M | 3.02M | 5.13M | 3.9M | 5.5M | 400K | 0 | 800K |
Deferred Taxes | 59.03M | 21.15M | 71.27M | 75.56M | 146.43M | 39.1M | 46.1M | 319M | -121.08M | 260.71M |
Other Non-Cash Items | -95.6M | -24.2M | -130.44M | -162.15M | -89.9M | 54.9M | -33.9M | -151.9M | 24.42M | -324.63M |
Working Capital Changes | 11.71M | -4.26M | -27.94M | 96.98M | -71.07M | -42M | 53.2M | -127.8M | -29.51M | 7.96M |
Change in Receivables | 9.85M | 6.26M | 1.54M | 54.84M | -2.87M | -12.6M | 45.9M | -61.1M | -83.44M | -45.91M |
Change in Inventory | 10.9M | -12.13M | 22.75M | -14.62M | -82.89M | -49.9M | 38.5M | -67.8M | -10.18M | -73.93M |
Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49.86M | 44.66M |
Cash from Investing | -177.82M | -159.17M | -402.17M | -83.92M | -186.66M | -255.4M | 397.9M | -32.6M | -763.13M | -779.61M |
Capital Expenditures | -162.45M | -151.85M | -207.35M | -178.56M | -243.48M | -274.7M | -379M | -323.3M | -319.5M | -352.4M |
CapEx % of Revenue | 19.89% | 19.36% | 15.35% | 13.34% | 14.91% | 18.38% | 16.36% | 11.47% | 8.68% | 8.77% |
Acquisitions | -2.47M | 0 | -247.48M | 0 | 0 | 0 | 614.5M | 290.4M | -401.91M | -439.56M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 1.67M | 15.78M | 10.27M | 22.47M | 45.8M | 8.7M | 3.8M | 3.8M | 12.21M | 58.78M |
Cash from Financing | -51.5M | -33.13M | 103.25M | -329.59M | -85.91M | 53M | -551.8M | -225.2M | -282.87M | -339.53M |
Debt Issued (Net) | -37.74M | -10.91M | 133.77M | -288.1M | -14.1M | 147.1M | -432.5M | -57M | -7.12M | -48.33M |
Equity Issued (Net) | 2.7M | 1.03M | 2.85M | 4.99M | 613.55K | 902.75K | 0 | -21.8M | -43.75M | -49.13M |
Dividends Paid | -15.31M | -21.28M | -29.33M | -46.22M | -71.5M | -94.7M | -130.4M | -145.4M | -178.06M | -215.75M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23.13M | -46.81M | -51.25M |
Other Financing | -1.05M | -2.02M | -4.03M | 0 | -933K | -300K | 11.1M | 100K | -53.93M | -26.32M |
Net Change in Cash | -4.93M▲ 0% | -37.44M▼ 659.8% | -17.95M▲ 52.1% | 46.55M▲ 359.4% | 116.44M▲ 150.1% | -176.6M▼ 251.7% | 292.6M▲ 265.7% | 463.2M▲ 58.3% | 350.5M▼ 24.3% | 593.54M▲ 0% |
Free Cash Flow | 62.11M▲ 0% | 3.13M▼ 95.0% | 74.68M▲ 2285.8% | 283.76M▲ 280.0% | 148.63M▼ 47.6% | -242.9M▼ 263.4% | 71.2M▲ 129.3% | 400.8M▲ 462.9% | 1.08B▲ 169.9% | 1.36B▲ 0% |
FCF Margin % | 7.6% | 0.4% | 5.53% | 21.19% | 9.1% | -16.25% | 3.07% | 14.22% | 29.37% | 33.97% |
FCF Growth % | 411.47% | -94.96% | 2285.81% | 279.99% | -47.62% | -263.43% | 129.31% | 462.92% | 169.86% | 155.91% |
FCF per Share | 0.41 | 0.02 | 0.37 | 1.35 | 0.71 | -1.15 | 0.22 | 1.10 | 2.83 | 3.23 |
FCF Conversion (FCF/Net Income) | 1.86x | 15.06x | 2.55x | 2.60x | 4.02x | -0.09x | -4.34x | 6.49x | 1.41x | 1.07x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PAAS Key Ratios
Pan American Silver Corp. (PAAS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 8.29% | 0.68% | 5.56% | 7.01% | 3.72% | -14.06% | -2.97% | 2.35% | 17% | 19.63% |
Return on Invested Capital (ROIC) | 10.79% | 2.34% | 4.71% | 6.13% | 9.89% | -8.34% | 0.76% | 8.1% | 15.68% | 18.46% |
Gross Margin | 20.66% | 12.86% | 15.22% | 19.28% | 22.53% | 3.24% | 12.81% | 19.46% | 37.66% | 43.79% |
Net Margin | 14.81% | 1.31% | 8.2% | 13.29% | 5.97% | -22.75% | -4.48% | 3.96% | 27.02% | 31.69% |
Debt / Equity | 0.01x | 0.00x | 0.13x | 0.01x | 0.02x | 0.10x | 0.17x | 0.17x | 0.13x | 0.11x |
Interest Coverage | 46.88x | 26.16x | 10.06x | 20.95x | 28.74x | -40.40x | -0.13x | 9.43x | 20.14x | 23.79x |
FCF Conversion | 1.86x | 15.06x | 2.55x | 2.60x | 4.02x | -0.09x | -4.34x | 6.49x | 1.41x | 1.07x |
Revenue Growth | 5.43% | -3.96% | 72.18% | -0.88% | 21.96% | -8.46% | 54.95% | 21.71% | 30.63% | 34.35% |
Related:PAAS Dividend History·PAAS Revenue History·PAAS Price History·PAAS P/E History·PAAS Financial Ratios·PAAS Institutional Holders
PAAS Frequently Asked Questions
Pan American Silver Corp. (PAAS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Pan American Silver Corp. (PAAS) reported $4.02B in revenue for fiscal year 2025. This represents a 14390% increase from $27.7M in 1996.
Pan American Silver Corp. (PAAS) grew revenue by 30.6% over the past year. This is strong growth.
Yes, Pan American Silver Corp. (PAAS) is profitable, generating $1.27B in net income for fiscal year 2025 (27.0% net margin).
Dividend & Returns
Yes, Pan American Silver Corp. (PAAS) pays a dividend with a yield of 0.95%. This makes it attractive for income-focused investors.
Pan American Silver Corp. (PAAS) has a return on equity (ROE) of 17.0%. This is reasonable for most industries.
Pan American Silver Corp. (PAAS) generated $1.36B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.