Pan American Silver (PAAS) Gross Margin (2009 - 2026)
Pan American Silver (PAAS) posted Gross Margin of 40.66% for Q2 2026, up 77070.64% on a QoQ basis from 0.05% in Q1 2026, and up 704.0% year-over-year from 5.06% in Q2 2025.
Analysis
Pan American Silver (PAAS) Gross Margin (2009 - 2026) Analysis & Trends
Pan American Silver has reported Gross Margin for 18 years, with the latest figure at 40.66% in Q2 2026.
- On a quarterly basis, Gross Margin rose 704.0% year-over-year to 40.66% in Q2 2026; TTM through Jun 2026 was 27.66%, a 73.0% decrease from a year earlier, with the FY2025 full-year figure at 38.82%, up 1935.0% from the prior year.
- Gross Margin was 40.66% for Q2 2026 at Pan American Silver, up from 0.05% in the prior quarter.
- The five-year high for Gross Margin was 1330190.61% in Q4 2023, with the low at 9.28% in Q2 2022.
- Average Gross Margin over 5 years is 73915.6%, with a median of 18.41% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 133018737 bps in 2023, then plunged 133016791 bps in 2024.
- Over 5 years, Gross Margin stood at 3.24% in 2022, then soared by 41079154 bps to 1330190.61% in 2023, then slumped by 100 bps to 22.7% in 2024, then soared by 112 bps to 48.18% in 2025, then slipped by 16 bps to 40.66% in 2026.
- The last three Gross Margin figures came in at 40.66% (Q2 2026), 0.05% (Q1 2026), and 48.18% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 21.86 Bn | 20.80 Bn | 535.85 Mn | 49.36% |
| 2 | Pan American Silver | 21.66 Bn | 20.09 Bn | 457,000.00 | 40.66% |
| 3 | Hecla Mining | 13.89 Bn | 13.40 Bn | 332.52 Mn | 99.60% |
| 4 | First Majestic Silver | 10.30 Bn | 9.46 Bn | 223.62 Mn | 53.82% |
| 5 | Endeavour Silver | 2.92 Bn | 2.68 Bn | 74.00 Mn | 34.89% |
| 6 | Silvercorp Metals | 2.75 Bn | 2.56 Bn | 104.04 Mn | 75.03% |
| 7 | Americas Gold & Silver | 1.72 Bn | 1.63 Bn | 22.23 Mn | 47.97% |
| 8 | Vizsla Silver | 1.41 Bn | 1.41 Bn | - | - |
| 9 | New Pacific Metals | 1.06 Bn | 1.06 Bn | - | - |
| 10 | Santacruz Silver Mining | 918.47 Mn | 851.45 Mn | 51.14 Mn | 45.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.66% |
| Mar 31, 2026 | 0.05% |
| Dec 31, 2025 | 48.18% |
| Sep 30, 2025 | 36.63% |
| Jun 30, 2025 | 33.62% |
| Mar 31, 2025 | 32.47% |
| Dec 31, 2024 | 22.70% |
| Sep 30, 2024 | 24.54% |
| Jun 30, 2024 | 17.03% |
| Mar 31, 2024 | 11.81% |
| Dec 31, 2023 | 1,330,190.61% |
| Sep 30, 2023 | 0.01% |
| Jun 30, 2023 | 0.01% |
| Mar 31, 2023 | 19.78% |
| Dec 31, 2022 | 3.24% |
| Sep 30, 2022 | -6.43% |
| Jun 30, 2022 | -9.28% |
| Mar 31, 2022 | 15.19% |
| Dec 31, 2021 | 18.01% |
| Sep 30, 2021 | 21.48% |