Pan American Silver (PAAS) Return on Invested Capital [ROIC] (2011 - 2026)
Pan American Silver's Return on Invested Capital [ROIC] came in at 0.03% for Q3 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] (2011 - 2026) Analysis & Trends
For FY2025, Pan American Silver's Return on Invested Capital [ROIC] was 14.87%, up 12.32 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last three years, with a five-year change of +8.92 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 2.55% in FY2024 (+1.52 pp), 1.03% in FY2023 (+12.56 pp), -11.53% in FY2022 (-16.86 pp) and 5.33% in FY2021 (-0.62 pp).
- The Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q3 2022.
- Year-over-year, Return on Invested Capital [ROIC] has increased for 12 consecutive quarters, with an average year-over-year change of +0.01 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2021 (a gain of 4.56 percentage points), and the weakest in Q3 2022 (a drop of 17.63 percentage points).
- Business Quant data shows PAAS's Return on Invested Capital [ROIC] at 0.03% (Q2 2026), 0.02% (Q1 2026) and 0.02% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 138.52 Bn | 113.25 Bn | 3.10 Bn | - |
| 3 | Rio Tinto | 135.90 Bn | 96.73 Bn | - | - |
| 4 | Newmont | 126.75 Bn | 91.89 Bn | 4.22 Bn | 8.59% |
| 5 | Ternium | 96.55 Bn | 64.81 Bn | 1.04 Bn | 8.46% |
| 6 | Agnico Eagle Mines | 96.18 Bn | 83.12 Bn | 2.15 Bn | 21.64% |
| 7 | Freeport-Mcmoran | 85.33 Bn | 69.37 Bn | 2.19 Bn | 11.56% |
| 8 | Barrick Mining | 69.13 Bn | 44.33 Bn | 2.90 Bn | 24.82% |
| 9 | Nucor | 55.83 Bn | 45.21 Bn | 2.03 Bn | 11.01% |
| 10 | Pan American Silver | 15.72 Bn | 9.93 Bn | 373,000.00 | 0.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.03% |
| Jun 30, 2026 | 0.03% |
| Mar 31, 2026 | 0.02% |
| Dec 31, 2025 | 0.02% |
| Sep 30, 2025 | 0.02% |
| Jun 30, 2025 | 0.01% |
| Mar 31, 2025 | 0.01% |
| Dec 31, 2024 | 0.01% |
| Sep 30, 2024 | 0.00% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | -0.01% |
| Dec 31, 2022 | -0.01% |
| Sep 30, 2022 | 1.26% |
| Jun 30, 2022 | 5.33% |
| Mar 31, 2022 | 8.79% |
| Dec 31, 2021 | 13.42% |
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();