PAAS vs VZLA vs USAS Stock Comparison

Pan American Silver, Vizsla Silver and Americas Gold & Silver Prices as of Oct 29, 2026 Peers: Industry group
VZLA Vizsla Silver Corp.
$3.31 -14.2% 1M -20.6% 1Y
Market cap
$1.04B
P/E
–
Revenue (TTM)
—
Div. yield
–
Silver Basic Materials

Head to Head

10 decided of 12

Pan American Silver leads on 7 of the 12 questions below (Pan American Silver 7, Americas Gold & Silver 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPAASVZLAUSASLeader
Larger companyMarket capitalisation $14.34B $1.04B $764.58M PAAS
Cheaper on earningsLower P/E, profitable companies only 46.3x -7.7x -18.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.8x — 34.2x PAAS
Faster revenue growthRevenue growth, trailing twelve months +2.3% — +88.0% USAS
More profitableNet margin, trailing twelve months 9.7% — -22.7% PAAS
Better return on capitalReturn on invested capital 0.0% — 1.3% USAS
Less leveragedLower net debt / EBITDA -4.4x 0.5x -6.9x USAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +16.1% -20.6% -24.1% PAAS
Better 5-year returnAnnualised price return, 5 years +9.7%/yr — +5.8%/yr PAAS
Less volatileAnnualised volatility, 1 year 57.9% 68.2% 88.2% PAAS
Higher overall scoreMean of the five percentile scores vs peers 67/100 35/100 61/100 PAAS

Percentile Scorecard

PAASVZLAUSAS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPAASVZLAUSAS
Valuation 57 #71 of 163 36 #105 of 163 53 #77 of 163
Growth 74 #39 of 148 16 #124 of 148 80 #31 of 148
Profitability 52 #60 of 123 25 #93 of 123 43 #70 of 123
Financial Health 85 #25 of 164 51 #81 of 164 77 #38 of 164
Shareholder Returns 69 #34 of 108 50 #55 of 108 51 #54 of 108
Overall 67 35 61
  • PAAS ranked among 176 companies in Metals and Mining
  • VZLA ranked among 176 companies in Metals and Mining
  • USAS ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPAASVZLAUSASSPY
1 month -11.7%-14.2%-31.4% +0.7%
3 months -7.5%+1.8%-21.6% +3.7%
6 months -22.1%-2.1%-46.2% +7.1%
Year to date -21.4%-39.5%-39.7% +12.8%
1 year +16.1%-20.6%-24.1% +11.9%
3 years +172.3%+203.7%+300.6% +85.2%
3 years, per year +39.7%+44.8%+58.9% +22.8%
5 years +59.1%—+32.5% +67.6%
5 years, per year +9.7%—+5.8% +10.9%
10 years +164.0%—-57.4% +262.0%
10 years, per year +10.2%—-8.2% +13.7%

Risk

MeasurePAASVZLAUSASSPY
Volatility, 1Y 57.9%68.2%88.2% 12.7%
Downside volatility, 1Y 60.2%75.6%93.9% 12.6%
Beta vs S&P 500, 1Y 2.072.563.80 1.00
Return / volatility, 1Y 0.28-0.30-0.27 0.94
Max drawdown, 5Y -59.2%-59.2%-83.6% -25.4%
From 52-week high -40.7%-51.7%-69.3% -1.2%
52-week high $68.70$6.86$10.03 $779.14
52-week low $33.20$2.95$3.01 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePAASVZLAUSAS
P/E now vs peer median 50.2xmedian 13.2x -8.4xmedian 13.2x -20.0xmedian 13.2x
P/S now vs peer median 5.4xmedian 3.1x —median 3.1x 5.4xmedian 3.1x
EV/EBITDA now vs peer median 43.9xmedian 7.2x -4.3xmedian 7.2x 76.4xmedian 7.2x
P/FCF now vs peer median 15.3xmedian 15.2x 61.4xmedian 15.2x 17.2xmedian 15.2x
P/B now vs peer median 2.3xmedian 2.2x 2.8xmedian 2.2x 3.3xmedian 2.2x
PEG now vs peer median 1.14median 0.30 0.13median 0.30 -0.51median 0.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPAASVZLAUSAS
Revenue $3.19B – $181.59M
Gross profit $882.07M – $92.90M
Operating income $1.90M – $4.62M
Net income $930.65M -$134.20M -$47.71M
Free cash flow $1.12B $18.91M $57.37M
R&D – $1.36M $7.36M
EPS (diluted) $0.81 $-0.40 $-0.15
Cash & equivalents $1.57B $406.50M $88.88M
Total debt $3.00M $4.44B $6.95M
Shares (diluted) 381.58M 338.89M 267.34M
Enterprise value $9.19B -$443.08M $384.39M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPAASVZLAUSAS
P/E 50.2x -8.4x -20.0x
P/FCF 15.3x 61.4x 17.2x
P/Operating cash flow 15.4x -75.0x 21.9x
P/S 5.4x – 5.4x
P/B 2.3x 2.8x 3.3x
P/Tangible book 2.3x 2.8x 3.3x
EV/EBITDA 43.9x -4.3x 76.4x
EV/EBIT 8,215x -4.3x 196.0x
EV/Revenue 4.9x – 5.0x
EV/FCF 13.9x 55.0x 15.8x
EV/Operating cash flow 14.0x -67.2x 20.0x
PEG (3Y EPS CAGR) 1.14 0.13 -0.51

Growth

14 metrics
MetricPAASVZLAUSAS
Revenue growth (1Y) 2.3% – 88.0%
Revenue CAGR (3Y) 22.3% – 28.8%
Gross profit growth (1Y) -0.3% – 684.7%
Gross profit CAGR (3Y) 104.0% – 109.3%
Operating income growth (1Y) 116.1% – -37.5%
Operating income CAGR (3Y) 127.1% – 63.9%
Net income growth (1Y) 123.6% -1,584% -42.6%
Net income CAGR (3Y) 75.4% -103.6% 3.6%
EPS growth (1Y) -57.1% -955.5% -281.6%
EPS CAGR (3Y) 44.1% -62.9% 39.1%
Operating cash flow growth (1Y) 74.4% -43.8% 712.7%
Operating cash flow CAGR (3Y) – -16.8% 84.2%
Free cash flow growth (1Y) 66.2% 159.0% 207.2%
Free cash flow CAGR (3Y) 56.4% 25.1% 60.6%

Profitability

14 metrics
MetricPAASVZLAUSAS
Gross margin 27.7% – 51.2%
EBITDA margin 11.1% – 6.5%
Operating margin 0.1% – 2.5%
Pretax margin 0.1% – -16.4%
Net margin 9.7% – -22.7%
FCF margin 35.1% – 31.6%
Operating cash flow margin 35.1% – 24.9%
Return on equity 0.0% -29.9% -8.5%
Return on assets 0.0% -17.6% -5.2%
Return on invested capital 0.0% – 1.3%
Return on capital employed 0.0% -33.5% –
Asset turnover 0.3x – 0.4x
Cash conversion (OCF / net income) 1.2x 0.1x -0.9x
Stock comp / revenue – – 5.7%

Financial Health

11 metrics
MetricPAASVZLAUSAS
Debt / assets 0.0% 40.3% 1.6%
Debt / equity 0.0x 0.7x 0.0x
Net debt / EBITDA -4.4x 0.5x -6.9x
Debt / FCF 0.0x 15.3x 0.1x
Liabilities / assets 27.5% 41.2% 31.5%
Equity / assets 72.5% 58.8% 68.5%
Interest coverage 21.3x – 1.2x
Current ratio 14.1x 55.2x –
Quick ratio 2.5x 54.7x –
Cash ratio 2.2x 54.7x –
Altman Z-score 5.10 – –

Shareholder Returns

7 metrics
MetricPAASVZLAUSAS
Dividend yield 1.7% – –
Net buyback yield -1.5% -1.0% -0.8%
Shareholder yield 0.2% -1.0% -0.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPAASVZLAUSAS
Forward P/E 12.8xFY2026 – 34.2xFY2026
EPS, next fiscal year $3.18FY2026 – $0.09FY2026
EPS growth, next FY +25.7%FY2026 – –
EPS growth, the year after +32.1% – +244.4%
Revenue, next fiscal year $4.51BFY2026 – $244.05MFY2026
Revenue growth, next FY +24.9%FY2026 – +107.0%FY2026
Revenue growth, the year after +12.8% – +63.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASVZLAUSAS
Held by institutions 56.5% 54.7% 42.0%
Institutions holding 585 162 155
Change in shares held, QoQ -1.0% -3.7% +4.8%
Institutions buying 269 80 96
Institutions selling 199 45 33
Buyers to sellers 1.35 1.78 2.91

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PAASVZLAUSAS
PAAS 1.00 0.76 0.81
VZLA 0.76 1.00 0.74
USAS 0.81 0.74 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS, VZLA and USAS?

Pan American Silver (PAAS) is the largest by market capitalisation: Pan American Silver (PAAS) $14.34B, Vizsla Silver (VZLA) $1.04B, Americas Gold & Silver (USAS) $764.58M.

Which company is growing faster?

Americas Gold & Silver (USAS) grew revenue fastest over the trailing twelve months: Pan American Silver (PAAS) +2.3%, Americas Gold & Silver (USAS) +88.0%.

Which company is more profitable?

Pan American Silver (PAAS) has the highest net margin (Pan American Silver (PAAS) 9.7%, Americas Gold & Silver (USAS) -22.7%). On return on invested capital, Americas Gold & Silver (USAS) leads (Pan American Silver (PAAS) 0.0%, Americas Gold & Silver (USAS) 1.3%).

Which stock has performed better?

Over the past year Pan American Silver (PAAS) returned the most: Pan American Silver (PAAS) +16.1%, Vizsla Silver (VZLA) -20.6%, Americas Gold & Silver (USAS) -24.1%. Over five years, Pan American Silver (PAAS) compounded fastest (Pan American Silver (PAAS) +9.7%/yr, Americas Gold & Silver (USAS) +5.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Pan American Silver (PAAS) has been the steadiest (Pan American Silver (PAAS) 57.9%, Vizsla Silver (VZLA) 68.2%, Americas Gold & Silver (USAS) 88.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAAS, VZLA and USAS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Pan American Silver (PAAS) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.