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% quarter-over-quarter from 48.18% in Q4 2025.
Pan American Silver (PAAS) Gross Margin (2009 - 2026) Analysis & Trends
Pan American Silver's Gross Margin history runs 18 years deep, the most recent figure standing at 52.69% for Q1 2026.
- In Q1 2026, Gross Margin rose 2022.0% year-over-year to 52.69%; the TTM figure through Mar 2026 stood at 46.71% (up 2234.0% YoY), while the FY2025 annual figure was 38.82%, up 1935.0% from the prior year.
- Gross Margin for Q1 2026 stood at 52.69%, 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 6.43% in Q3 2022.
- The 5-year median for Gross Margin is 17.03% (2024), against an average of 19.94%.
- The sharpest annual moves came in 2022 and 2025: Gross Margin plunged 2791 bps in 2022, then surged 2548 bps in 2025.
- Pan American Silver's Gross Margin stood at 0.01% in 2022, then soared by 75076 bps to 9.69% in 2023, then soared by 134 bps to 22.7% in 2024, then jumped by 112 bps to 48.18% in 2025, then gained by 9 bps to 52.69% in 2026.
- Business Quant data shows PAAS's Gross Margin at 52.69% in Q1 2026, 48.18% in Q4 2025, and 36.63% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 65.87% |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 63.79% |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 54.74% |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 74.03% |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 54.86% |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | 40.66% |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 49.36% |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 86.66% |
| 10 | Alamos Gold | 15.41 Bn | 14.78 Bn | - | - |
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 | 0.00% |
| Mar 31, 2022 | 15.19% |
| Dec 31, 2021 | 18.01% |
| Sep 30, 2021 | 21.48% |
| Jun 30, 2021 | 26.97% |