Pan American Silver (PAAS) Return on Invested Capital [ROIC] (2012 - 2026)
Pan American Silver's Return on Invested Capital [ROIC] came in at 0.03% for the quarter ended Jun 30, 2026, up 0.01 percentage points from 0.02% a year earlier and unchanged from the prior quarter.
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Analysis
Pan American Silver (PAAS) Return on Invested Capital [ROIC] (2012 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Pan American Silver's Return on Invested Capital [ROIC] was 21.02%, up 9.82 percentage points from the prior year.
- Return on Invested Capital [ROIC] has increased in each of the last three years, with a five-year change of +13.94 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Return on Invested Capital [ROIC] was 11.20% in the year ended Dec 31, 2024 (+10.95 pp), 0.25% in the year ended Dec 31, 2023 (+10.26 pp), -10.01% in the year ended Dec 31, 2022 (-22.54 pp) and 12.52% in the year ended Dec 31, 2021 (+5.44 pp).
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Return on Invested Capital [ROIC] since the quarter ended Jun 30, 2024.
- Year-over-year, Return on Invested Capital [ROIC] has increased for four consecutive quarters, with an average year-over-year change of -3.72 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in the quarter ended Sep 30, 2021 (a gain of 13.96 percentage points), and the weakest in the quarter ended Sep 30, 2022 (a drop of 18.70 percentage points).
- Business Quant data shows PAAS's Return on Invested Capital [ROIC] at 0.02% (quarter ended Mar 31, 2026), 0.02% (quarter ended Dec 31, 2025) and 0.02% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | Pan American Silver | 19.20 Bn | 14.06 Bn | 457,000.00 | 0.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.03% |
| Mar 31, 2026 | 0.02% |
| Dec 31, 2025 | 0.02% |
| Sep 30, 2025 | 0.02% |
| Jun 30, 2025 | 0.02% |
| Mar 31, 2025 | 0.01% |
| Dec 31, 2024 | 0.01% |
| Sep 30, 2024 | 0.00% |
| Jun 30, 2024 | 11.51% |
| Mar 31, 2024 | 4.32% |
| Dec 31, 2023 | 5.95% |
| Sep 30, 2023 | 8.06% |
| Jun 30, 2023 | -0.88% |
| Mar 31, 2023 | -1.43% |
| Dec 31, 2022 | -1.19% |
| Sep 30, 2022 | 0.04% |
| Jun 30, 2022 | 5.91% |
| Mar 31, 2022 | 9.27% |
| Dec 31, 2021 | 13.37% |
| Sep 30, 2021 | 18.74% |
API Access
Pan American Silver Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=PAAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=PAAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();