Pan American Silver Corp. (PAAS) Earnings History
Annual and quarterly earnings data from 1996 to 2025
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PAAS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PAAS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 37.7% | 32.3% | 27.0% |
| 2024 | 19.5% | 18.8% | 4.0% |
| 2023 | 12.8% | 1.6% | -4.5% |
| 2022 | 3.2% | -17.5% | -22.8% |
| 2021 | 22.5% | 19.7% | 6.0% |
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Pan American Silver Corp. (PAAS) Earnings Overview
As of May 8, 2026, Pan American Silver Corp. (PAAS) reported trailing twelve-month net income of $1.27B, reflecting +741.9% year-over-year growth. The company earned $3.02 per diluted share over the past four quarters, with a net profit margin of 27.0%.
Looking at the long-term picture, PAAS's 5-year EPS compound annual growth rate (CAGR) stands at +25.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $995M in fiscal 2025, representing a new all-time high.
Pan American Silver Corp. maintains industry-leading profitability with a gross margin of 37.7%, operating margin of 32.3%, and net margin of 27.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AG ($174M net income, 13.1% margin), HL ($559M net income, 22.6% margin), CDE ($799M net income, 28.3% margin), PAAS has outperformed on profitability metrics. Compare PAAS vs AG →
PAAS Earnings vs Peers
Earnings metrics vs comparable public companies
PAAS Historical Earnings Data (1996–2025)
30 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $995M | +792.5% | $1.19B | $2.61 | 27.0% | 32.3% |
| 2024 | $112M | +207.5% | $531M | $0.31 | 4.0% | 18.8% |
| 2023 | -$104M | +69.5% | $38M | $-0.32 | -4.5% | 1.6% |
| 2022 | -$340M | -449.0% | -$262M | $-1.62 | -22.8% | -17.5% |
| 2021 | $97M | -45.2% | $321M | $0.46 | 6.0% | 19.7% |
| 2020 | $178M | +60.6% | $210M | $0.85 | 13.3% | 15.7% |
| 2019 | $111M | +975.8% | $127M | $0.55 | 8.2% | 9.4% |
| 2018 | $10M | -91.5% | $43M | $0.07 | 1.3% | 5.4% |
| 2017 | $121M | +20.9% | $188M | $0.79 | 14.8% | 23.1% |
| 2016 | $100M | +144.2% | $184M | $0.66 | 12.9% | 23.8% |
Full PAAS Stock Analysis
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Start ComparisonPAAS — Frequently Asked Questions
Quick answers to the most common questions about buying PAAS stock.
Is PAAS growing earnings?
PAAS EPS is $3.02, with earnings growth accelerating to +741.9%. This exceeds the 5-year CAGR of +25.2%. TTM net income reached $1.3B.
What are PAAS's profit margins?
Pan American Silver Corp. net margin is +27.0%, with operating margin at +32.3%. Above-average margins indicate pricing power.
How consistent are PAAS's earnings?
PAAS earnings data spans 1996-2025. The accelerating earnings trend is +741.9% YoY. Historical data enables comparison across business cycles.