Pan American Silver (PAASF) Net Margin (2009 - 2026)
Pan American Silver (PAASF) recorded quarterly Net Margin of 39.6% in Q1 2026, up 3.3% quarter-over-quarter from 38.34% in Q4 2025, and up 1774.0% on a YoY basis from 2.11% in Q1 2025.
Pan American Silver (PAASF) Net Margin (2009 - 2026) Analysis & Trends
Pan American Silver's Net Margin history runs 18 years deep, the most recent figure standing at 39.6% for 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 was 39.6% for Q1 2026 at Pan American Silver, up from 38.34% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 39.6% in Q1 2026 to a low of 8001.25% in Q2 2023.
- Historically, Net Margin has averaged 462.12% across 5 years, with a median of 0.0% in 2022.
- The sharpest annual moves came in 2023 and 2024: Net Margin tumbled 800125 bps in 2023, then surged 799806 bps in 2024.
- A 5-year view of Net Margin shows it stood at 0.02% in 2022, then sank by 45879 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 rose by 3 bps to 39.6% in 2026.
- The last three Net Margin figures came in at 39.6% (Q1 2026), 38.34% (Q4 2025), and 19.78% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | - |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 30.70% |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 76.67% |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 52.82% |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 35.01% |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 41.15% |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | - |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 39.59% |
| 10 | Pan American Silver | - | - | 608,000.00 | 39.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -8,001.25% |
| Mar 31, 2023 | 4.20% |
| Dec 31, 2022 | -0.02% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 3.44% |
| Sep 30, 2021 | 4.40% |
| Jun 30, 2021 | 18.56% |