Pan American Silver (PAAS) Net Margin (2009 - 2026)
Pan American Silver (PAAS) posted quarterly Net Margin of 39.6% for Q1 2026, up 1774.0% year-over-year from 2.11% in Q1 2025, and up 3.3% on a QoQ basis from 38.34% in Q4 2025.
Pan American Silver (PAAS) Net Margin (2009 - 2026) Analysis & Trends
Pan American Silver (PAAS) has reported Net Margin for 18 consecutive years, with 39.6% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 1774.0% year-over-year to 39.6%; the TTM figure through Mar 2026 stood at 31.69% (up 2126.0% YoY), while the FY2025 annual figure was 27.02%, up 2305.0% from the prior year.
- Net Margin came in at 39.6% for Q1 2026 at Pan American Silver, up from 38.34% in the prior quarter.
- The five-year high for Net Margin was 39.6% in Q1 2026, with the low at 10.6% in Q4 2023.
- Average Net Margin over 5 years is 8.07%, with a median of 0.0% recorded in 2022.
- Across the five-year window, Net Margin tumbled 1856 bps in 2022 and soared 2703 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 0.0% in 2022, then slumped by 11547611 bps to 10.6% in 2023, then soared by 225 bps to 13.25% in 2024, then surged by 189 bps to 38.34% in 2025, then climbed by 3 bps to 39.6% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 39.6%, 38.34%, and 19.78% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 0.02% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 0.00% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 41.15% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 98.94% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 0.00% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 265.70% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 0.00% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 0.00% |
| 10 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | 39.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.60% |
| Dec 31, 2025 | 38.34% |
| Sep 30, 2025 | 19.78% |
| Jun 30, 2025 | 23.33% |
| Mar 31, 2025 | 21.86% |
| Dec 31, 2024 | 13.25% |
| Sep 30, 2024 | 7.92% |
| Jun 30, 2024 | -3.19% |
| Mar 31, 2024 | -5.17% |
| Dec 31, 2023 | -10.60% |
| Sep 30, 2023 | -4.11% |
| Jun 30, 2023 | -8.00% |
| Mar 31, 2023 | 4.20% |
| Dec 31, 2022 | -91.82% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | -54.68% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 3.44% |
| Sep 30, 2021 | 4.40% |
| Jun 30, 2021 | 18.56% |