Pan American Silver (PAAS) Gross Margin (2009 - 2026)
Pan American Silver (PAAS) posted quarterly Gross Margin of 52.69% for Q1 2026, up 2022.0% year-over-year from 2.48% in Q1 2025, and up 9.36% on a QoQ basis from 48.18% in Q4 2025.
Pan American Silver (PAAS) Gross Margin (2009 - 2026) Analysis & Trends
Pan American Silver (PAAS) has reported Gross Margin for 18 consecutive years, with 52.69% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 2022.0% year-over-year to 52.69%; the TTM figure through Mar 2026 stood at 44.06% (up 1970.0% YoY), while the FY2025 annual figure was 38.82%, up 1935.0% from the prior year.
- Gross Margin came in at 52.69% for Q1 2026 at Pan American Silver, up from 48.18% in the prior quarter.
- The five-year high for Gross Margin was 52.69% in Q1 2026, with the low at 9.28% in Q2 2022.
- Average Gross Margin over 5 years is 19.4%, with a median of 17.03% recorded in 2024.
- Across the five-year window, Gross Margin sank 3625 bps in 2022 and soared 2548 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 0.0% in 2022, then surged by 103661141 bps to 9.69% in 2023, then jumped by 134 bps to 22.7% in 2024, then surged by 112 bps to 48.18% in 2025, then increased by 9 bps to 52.69% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 52.69%, 48.18%, and 36.63% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 59.77% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 61.79% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 99.74% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 86.39% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 77.58% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 54.68% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 80.88% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 59.87% |
| 10 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | 52.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.69% |
| Dec 31, 2025 | 48.18% |
| Sep 30, 2025 | 36.63% |
| Jun 30, 2025 | 33.66% |
| 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 | 9.69% |
| Sep 30, 2023 | 10.04% |
| Jun 30, 2023 | 11.03% |
| Mar 31, 2023 | 19.78% |
| Dec 31, 2022 | 0.01% |
| Sep 30, 2022 | -6.43% |
| Jun 30, 2022 | -9,280,469.90% |
| Mar 31, 2022 | 15.19% |
| Dec 31, 2021 | 18.01% |
| Sep 30, 2021 | 21.48% |
| Jun 30, 2021 | 26.97% |