Pan American Silver (PAAS) Operating Margin (2009 - 2026)
Pan American Silver (PAAS) posted Operating Margin of 44.22% for Q2 2026, up 79256.94% on a QoQ basis from 0.06% in Q1 2026, and up 4419.0% year-over-year from 0.98% in Q2 2025.
Analysis
Pan American Silver (PAAS) Operating Margin (2009 - 2026) Analysis & Trends
Pan American Silver has reported Operating Margin for 18 years, with the latest figure at 44.22% in Q2 2026.
- On a quarterly basis, Operating Margin rose 4419.0% year-over-year to 44.22% in Q2 2026; TTM through Jun 2026 was 0.06%, a 3.0% increase from a year earlier, with the FY2025 full-year figure at 34.07%, up 1523.0% from the prior year.
- Operating Margin was 44.22% for Q2 2026 at Pan American Silver, up from 0.06% in the prior quarter.
- The five-year high for Operating Margin was 44.22% in Q2 2026, with the low at 549.29% in Q4 2023.
- Average Operating Margin over 5 years is 28.05%, with a median of 0.02% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Operating Margin sank 54929 bps in 2023, then soared 54932 bps in 2024.
- Over 5 years, Operating Margin stood at 0.0% in 2022, then sank by 50680646 bps to 549.29% in 2023, then jumped by 100 bps to 0.03% in 2024, then soared by 39 bps to 0.04% in 2025, then jumped by 101720 bps to 44.22% in 2026.
- The last three Operating Margin figures came in at 44.22% (Q2 2026), 0.06% (Q1 2026), and 0.04% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 20.88 Bn | 19.83 Bn | 535.85 Mn | 19.94% |
| 2 | Pan American Silver | 19.31 Bn | 17.74 Bn | 457,000.00 | 44.22% |
| 3 | Hecla Mining | 13.39 Bn | 12.90 Bn | 332.52 Mn | 43.64% |
| 4 | First Majestic Silver | 9.65 Bn | 8.40 Bn | 223.62 Mn | 47.54% |
| 5 | Endeavour Silver | 2.98 Bn | 2.74 Bn | 74.00 Mn | 30.50% |
| 6 | Silvercorp Metals | 2.65 Bn | 2.27 Bn | 104.04 Mn | 61.12% |
| 7 | Americas Gold & Silver | 1.36 Bn | 1.27 Bn | 22.23 Mn | 67.53% |
| 8 | Vizsla Silver | 1.36 Bn | 1.36 Bn | - | - |
| 9 | New Pacific Metals | 1.00 Bn | 1.00 Bn | - | - |
| 10 | Santacruz Silver Mining | 867.95 Mn | 800.93 Mn | 51.14 Mn | 70.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.22% |
| Mar 31, 2026 | 0.06% |
| Dec 31, 2025 | 0.04% |
| Sep 30, 2025 | 0.03% |
| Jun 30, 2025 | 0.03% |
| Mar 31, 2025 | 0.03% |
| Dec 31, 2024 | 0.03% |
| Sep 30, 2024 | 0.02% |
| Jun 30, 2024 | 0.01% |
| Mar 31, 2024 | 0.01% |
| Dec 31, 2023 | -549.29% |
| Sep 30, 2023 | 0.01% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | 0.01% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | -0.02% |
| Jun 30, 2022 | -0.05% |
| Mar 31, 2022 | 0.02% |
| Dec 31, 2021 | 12.48% |
| Sep 30, 2021 | 21.97% |