Pan American Silver (PAAS) Net Margin (2009 - 2026)
Pan American Silver (PAAS) posted Net Margin of 27.05% for Q2 2026, down 31.7% on a QoQ basis from 39.6% in Q1 2026, and up 377.0% year-over-year from 5.67% in Q2 2025.
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Analysis
Pan American Silver (PAAS) Net Margin (2009 - 2026) Analysis & Trends
Pan American Silver has reported Net Margin for 18 years, with the latest figure at 27.05% in Q2 2026.
- On a quarterly basis, Net Margin rose 377.0% year-over-year to 27.05% in Q2 2026; TTM through Jun 2026 was 33.8%, a 2049.0% increase from a year earlier, with the FY2025 full-year figure at 27.02%, up 2305.0% from the prior year.
- Net Margin was 27.05% for Q2 2026 at Pan American Silver, down from 39.6% in the prior quarter.
- The five-year high for Net Margin was 39.6% in Q1 2026, with the low at 1393728.22% in Q4 2023.
- Average Net Margin over 5 years is 77422.74%, with a median of 2.11% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Net Margin slumped 139372820 bps in 2023, then jumped 139372824 bps in 2024.
- Over 5 years, Net Margin stood at 0.02% in 2022, then tumbled by 2000000000 bps to 1393728.22% in 2023, then jumped by 100 bps to 0.01% in 2024, then soared by 278874 bps to 38.34% in 2025, then decreased by 29 bps to 27.05% in 2026.
- The last three Net Margin figures came in at 27.05% (Q2 2026), 39.6% (Q1 2026), and 38.34% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 21.86 Bn | 20.80 Bn | 535.85 Mn | 11.22% |
| 2 | Pan American Silver | 21.66 Bn | 20.09 Bn | 457,000.00 | 27.05% |
| 3 | Hecla Mining | 13.89 Bn | 13.40 Bn | 332.52 Mn | 35.27% |
| 4 | First Majestic Silver | 10.30 Bn | 9.46 Bn | 223.62 Mn | 26.34% |
| 5 | Endeavour Silver | 2.92 Bn | 2.68 Bn | 74.00 Mn | 32.44% |
| 6 | Silvercorp Metals | 2.75 Bn | 2.56 Bn | 104.04 Mn | 42.82% |
| 7 | Americas Gold & Silver | 1.72 Bn | 1.63 Bn | 22.23 Mn | 10.12% |
| 8 | Vizsla Silver | 1.41 Bn | 1.41 Bn | - | - |
| 9 | New Pacific Metals | 1.06 Bn | 1.06 Bn | - | - |
| 10 | Santacruz Silver Mining | 918.47 Mn | 851.45 Mn | 51.14 Mn | 79.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.05% |
| Mar 31, 2026 | 39.60% |
| Dec 31, 2025 | 38.34% |
| Sep 30, 2025 | 19.73% |
| Jun 30, 2025 | 23.28% |
| Mar 31, 2025 | 21.86% |
| Dec 31, 2024 | 0.01% |
| Sep 30, 2024 | 7.92% |
| Jun 30, 2024 | -3.19% |
| Mar 31, 2024 | -5.14% |
| Dec 31, 2023 | -1,393,728.22% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | -0.01% |
| Mar 31, 2023 | 4.20% |
| Dec 31, 2022 | -0.02% |
| Sep 30, 2022 | -21.10% |
| Jun 30, 2022 | -51.10% |
| Mar 31, 2022 | 17.39% |
| Dec 31, 2021 | 3.32% |
| Sep 30, 2021 | 4.40% |