Pan American Silver (PAAS) EBITDA Margin (2009 - 2026)

Pan American Silver (PAAS) recorded quarterly EBITDA Margin of 55.72% in Q1 2026, up 45.98% quarter-over-quarter from 38.17% in Q4 2025, and up 3382.0% on a YoY basis from 1.6% in Q1 2025.

Pan American Silver (PAAS) EBITDA Margin (2009 - 2026) Analysis & Trends

Pan American Silver's EBITDA Margin history runs 18 years deep, the most recent figure standing at 55.72% for Q1 2026.

  • In Q1 2026, EBITDA Margin rose 3382.0% year-over-year to 55.72%; the TTM figure through Mar 2026 stood at 36.31% (up 2588.0% YoY), while the FY2025 annual figure was 34.07%, up 1523.0% from the prior year.
  • EBITDA Margin was 55.72% for Q1 2026 at Pan American Silver, up from 38.17% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 55.72% in Q1 2026 to a low of 8095.01% in Q2 2023.
  • Historically, EBITDA Margin has averaged 467.19% across 5 years, with a median of 0.0% in 2022.
  • The sharpest annual moves came in 2023 and 2024: EBITDA Margin tumbled 809501 bps in 2023, then soared 809191 bps in 2024.
  • A 5-year view of EBITDA Margin shows it stood at 0.01% in 2022, then tumbled by 102060 bps to 10.57% in 2023, then soared by 224 bps to 13.13% in 2024, then soared by 191 bps to 38.17% in 2025, then soared by 46 bps to 55.72% in 2026.
  • The last three EBITDA Margin figures came in at 55.72% (Q1 2026), 38.17% (Q4 2025), and 19.85% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn 58.20%
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 83.38%
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn 30.12%
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn 55.58%
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 60.86%
8 Equinox Gold 47.64 Bn 47.14 Bn - -
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn 70.80%
10 Pan American Silver 18.60 Mn 18.60 Mn 608,000.00 55.72%

Historic Data

Download Data
DateValue
Mar 31, 2026 55.72%
Dec 31, 2025 38.17%
Sep 30, 2025 19.85%
Jun 30, 2025 23.38%
Mar 31, 2025 21.90%
Dec 31, 2024 13.13%
Sep 30, 2024 7.97%
Jun 30, 2024 -3.10%
Mar 31, 2024 -5.15%
Dec 31, 2023 -10.57%
Sep 30, 2023 -4.25%
Jun 30, 2023 -8,095.01%
Mar 31, 2023 -4.20%
Dec 31, 2022 -0.01%
Sep 30, 2022 0.00%
Jun 30, 2022 0.00%
Mar 31, 2022 0.00%
Dec 31, 2021 12.48%
Sep 30, 2021 21.97%
Jun 30, 2021 24.54%