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
DateValue
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%