Pan American Silver Corp. (PAAS) Earnings History
Elite Compounder30 years of earnings data (1996–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
Loading earnings history...
Pan American Silver Corp. (PAAS) Earnings Overview
As of June 22, 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 ($294M 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% |
| 2015 | -$227M | +58.5% | -$230M | $-1.49 | -33.6% | -34.1% |
| 2014 | -$546M | -22.4% | -$633M | $-3.60 | -72.6% | -84.2% |
| 2013 | -$446M | -610.4% | -$439M | $-2.91 | -54.1% | -53.2% |
| 2012 | $87M | -75.2% | $151M | $0.55 | 9.4% | 16.3% |
| 2011 | $352M | +213.1% | $373M | $3.29 | 41.2% | 43.6% |
| 2010 | $113M | +81.6% | $201M | $1.05 | 17.4% | 31.1% |
| 2009 | $62M | +152.0% | $96M | $0.71 | 13.6% | 21.1% |
| 2008 | $25M | -72.3% | $59M | $0.30 | 7.3% | 17.6% |
| 2007 | $89M | +52.7% | $89M | $1.12 | 29.5% | 29.4% |
| 2006 | $58M | +303.6% | $96M | $0.76 | 22.8% | 37.6% |
| 2005 | -$29M | -243.7% | -$19M | $-0.43 | -23.4% | -15.2% |
| 2004 | $20M | +392.9% | $2M | $0.06 | 21.0% | 2.4% |
| 2003 | -$7M | +79.8% | -$6M | $-0.13 | -15.1% | -13.6% |
| 2002 | -$34M | -316.7% | -$34M | $-0.81 | -74.6% | -75.2% |
| 2001 | -$8M | +82.4% | -$11M | $-0.22 | -21.7% | -28.5% |
| 2000 | -$46M | -690.2% | -$46M | $-1.35 | -153.3% | -154.8% |
| 1999 | -$6M | +3.4% | -$7M | $-0.20 | -21.6% | -24.5% |
| 1998 | -$6M | -560.9% | -$7M | $-0.24 | -19.9% | -24.4% |
| 1997 | $-909,000 | +52.1% | -$4M | $-0.04 | -3.3% | -13.9% |
| 1996 | -$2M | - | -$3M | $-0.09 | -6.8% | -11.8% |
Download Data
Export PAAS earnings history in CSV or JSON format
Free sign-in required to download data
Full Stock Analysis
Deep dive into PAAS consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
30+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
PAAS — Frequently Asked Questions
Quick answers to the most common questions about buying PAAS stock.
What is PAAS earnings per share (EPS)?
PAAS trailing twelve-month (TTM) diluted EPS is $3.02, reflecting +741.9% year-over-year growth. The 5-year EPS CAGR is +25.2%. Complete EPS history from 1996 to 2025 is available in the table on this page.
What is Pan American Silver Corp.'s net income?
Pan American Silver Corp. (PAAS) trailing twelve-month net income is $1.3B as of 2025. Earnings grew +741.9% year-over-year. Pan American Silver Corp. has been profitable for 2 consecutive years.
Is PAAS profitable?
Yes, PAAS is profitable with a TTM net income of $1.3B and a net profit margin of +27.0%. Pan American Silver Corp. has generated profits for 2 consecutive years.
What is PAAS's earnings growth rate?
PAAS compound annual EPS growth rates (CAGR): 1-Year: +741.9%, 3-Year: N/A, 5-Year: +25.2%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1996 to 2025.
What are PAAS's profit margins?
Pan American Silver Corp. net profit margin is +27.0%, operating margin is +32.3%, and gross margin is +37.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +17.0%.
Is PAAS growing earnings?
Yes, PAAS earnings are accelerating — EPS growth of +741.9% exceeds the 5-year CAGR of +25.2%. TTM net income reached $1.3B. Earnings momentum is strengthening.
What was PAAS's best earnings year?
Pan American Silver Corp.'s highest annual net income on record is $995M, achieved in fiscal year 2025. Earnings history on this page spans 1996 to 2025 and includes all annual and quarterly figures.
What were PAAS's earnings last quarter?
PAAS's most recent reported quarter was Q1 2026. Net income was $457M with diluted EPS of $1.08. For a full breakdown of all quarters, see the quarterly earnings table on this page.