Pan American Silver (PAAS) Invested Capital (2011 - 2026)
Pan American Silver (PAAS) posted Invested Capital of $7.4 billion for Q3 2026, up 1.1% from $7.32 billion a year earlier and up 0.6% from the prior quarter.
Pan American Silver (PAAS) Invested Capital (2011 - 2026) Analysis & Trends
For FY2025, Pan American Silver's Invested Capital came in at $7.71 billion, up 42.5% from FY2024.
- Annual Invested Capital shows a five-year compound annual growth rate of 28.6% (FY2020 to FY2025).
- In prior years, Pan American Silver's Invested Capital was $5.41 billion in FY2024 (-0.9%), $5.46 billion in FY2023 (+187.0%), $1.9 billion in FY2022 (-28.1%) and $2.65 billion in FY2021 (+20.5%).
- Quarterly Invested Capital has run from a low of $1.9 billion in Q4 2022 to a high of $7.71 billion in Q4 2025 over five years.
- On a year-over-year basis, Invested Capital has increased in each of the last five quarters, with growth averaging 16.3% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2023, with growth of 187.0%; the weakest was Q4 2022, with a decline of 28.1%.
- According to Business Quant data, Invested Capital for the three prior quarters was $7.36 billion (Q2 2026), $7.36 billion (Q1 2026) and $7.71 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | 93.52 Bn |
| 2 | Southern Copper | 138.52 Bn | 113.25 Bn | 3.10 Bn | 21.59 Bn |
| 3 | Rio Tinto | 135.90 Bn | 96.73 Bn | - | 93.52 Bn |
| 4 | Newmont | 126.75 Bn | 91.89 Bn | 4.22 Bn | 40.94 Bn |
| 5 | Ternium | 96.55 Bn | 64.81 Bn | 1.04 Bn | 16.65 Bn |
| 6 | Agnico Eagle Mines | 96.18 Bn | 83.12 Bn | 2.15 Bn | 29.81 Bn |
| 7 | Freeport-Mcmoran | 85.33 Bn | 69.37 Bn | 2.19 Bn | 41.61 Bn |
| 8 | Barrick Mining | 69.13 Bn | 44.33 Bn | 2.90 Bn | 31.99 Bn |
| 9 | Nucor | 55.83 Bn | 45.21 Bn | 2.03 Bn | 30.37 Bn |
| 10 | Pan American Silver | 15.72 Bn | 9.93 Bn | 373,000.00 | 7.40 Bn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.40 Bn |
| Jun 30, 2026 | 7.36 Bn |
| Mar 31, 2026 | 7.36 Bn |
| Dec 31, 2025 | 7.71 Bn |
| Sep 30, 2025 | 7.32 Bn |
| Jun 30, 2025 | 5.66 Bn |
| Mar 31, 2025 | 6.10 Bn |
| Dec 31, 2024 | 5.41 Bn |
| Sep 30, 2024 | 5.33 Bn |
| Jun 30, 2024 | 5.85 Bn |
| Mar 31, 2024 | 5.92 Bn |
| Dec 31, 2023 | 5.46 Bn |
| Sep 30, 2023 | 5.55 Bn |
| Jun 30, 2023 | 5.92 Bn |
| Mar 31, 2023 | 4.32 Bn |
| Dec 31, 2022 | 1.90 Bn |
| Sep 30, 2022 | 5.57 Bn |
| Jun 30, 2022 | 2.79 Bn |
| Mar 31, 2022 | 2.99 Bn |
| Dec 31, 2021 | 2.65 Bn |
Pan American Silver Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=PAAS&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "PAAS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=PAAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();